Cement News tagged under: international
Vietnam in focus13 April 2004, Published under Cement NewsVietnam’s Party General Secretary Nong Duc Manh has expressed his hope that the cement industry will work out an effective scientific action programme to develop rapidly and sustainably.He told the Viet Nam Cement Corporation (VNCC) in Ha Noi on Friday that the corporation should accelerate its investment by mobilising capital from its nine affiliated companies and other sources to build more cement plants. "Investing in developing the cement industry is an urgent requirement," he said, affi... |
More growth in Pakistan13 April 2004, Published under Cement NewsCement data has been released by the All Pakistan Cement Manufacturers Association (APCMA) showing 14.2 per cent total cement dispatches growth for the first nine months of 2004 over the corresponding period last year. Looking forward, the sector has set hopes for strong outlook with total dispatches for 2004 expected to surpass 13Mt, implying a dispatch growth close to 15 per cent for 2004. Furthermore, it is widely expected that the government will reduce General Sales Tax to 12 per cent ... |
Asia Cement to invest NT$20bn in China13 April 2004, Published under Cement NewsAsia Cement Corp, Taiwan’s leading cement producer and a subsidiary of the Far Eastern Group, will spend NT$20 billion (US$607.9m) to set up several cement plants and kilns in Hubei, Jiangxi and Sichuan provinces, mainland China this year. Far Eastern Group Chairman Douglas Hsu recently said his group will see capital spending reach NT$100 billion (US$3.03 billion) this year. With the spending, Asia Cement will set up two cement plants, each in Hubei and Sichuan provinces and launch establi... |
Attock Companies intend to double capacity13 April 2004, Published under Cement NewsPakistan, with its fast-improving economy, offers a conducive investment climate with tremendous potential, opportunities and rewards for foreign investors, Ghaitch R Pharon, Chairman, Attock Group of Companies, said Thursday. Pharon, who called on President General Pervez Musharraf, also told journalists that the Attock Companies intend to double the capacity of its cement plant in Karachi. In addition, the Comapnies would also like to set up a 150 to 250 MW power plant adjacent to it oil r... |
Yanbu Cement Q1 net income up 16 per cent13 April 2004, Published under Cement NewsYanbu Cement reported its first quarter net income, after Zakah, rose 16 per cent from a year earlier to reach SR 104.9 million ($28m). In 2003, Yanbu Cement delivered 100 percent of its production to the market - estimated at 4.1Mt. It exported 703,000t during the year. Local demand for cement reached 22.2Mt in 2003. The total production of Saudi’s eight cement companies reached 24.1Mt in 2003. Yanbu Cement is Jeddah-based and is 78.9 per cent owned by the private sector and 21.1 per cent by... |
Cement sales up 5.5% in 200313 April 2004, Published under Cement NewsThe Indian cement industry has ended fiscal 2003-04 with a 5.5 per cent rise in despatches at 117.13Mt as against 111.07Mt in fiscal 2002-03.. Production for the year was 117.43Mt, an increase of 5.5 per cent over last year’s 111.35Mt. For the month of March 2004, despatches rose 5 per cent while production rose 3.7 per cent. Despatches increased to 11.3Mt in the just ended fiscal March 31, 2004 from 10.76Mt a year earlier. Production for the month rose to 11.28Mt from 10.88Mt. Analysts poin... |
Cement company to absorb extra fuel costs13 April 2004, Published under Cement NewsJordan Cement Factories Company (JCFC) will not raise cement prices at present as a result of the increase in fuel bills, JCFC Board Chairman Abdul Ilah Khatib said. Khatib made these remarks at a general assembly meeting on Saturday. Higher fuel prices raises production cost up by JD6 per tonne, said the chairman, noting that the company will do its best not to transfer the extra cost on to consumers. The company currently pays around JD20 million for fuel per year, JCFC General Manager Same... |
South African cement volumes09 April 2004, Published under Cement NewsSouth African cement volumes soared by 19.3 per cent y/y in the first quarter 2004 to 2,282,068t, according to data released by the Cement & Concrete Institute (CNCI). There was a 14.3 per cent y/y rise to 905,875t in March after increasing by 21.5 per cent y/y in February and a 6.3 per cent y/y rise in January 2004. The record monthly total was set in October 2003 at 916,666t. In 2003 domestic cement sales grew by 7.0 per cent to 9,105,466t after increasing by 5.9 per cent to 8,511,851t i... |
Thai TPI Polene sees Q2 net profit up09 April 2004, Published under Cement NewsTPI Polene PCL, Thailand’s number three cement maker, said on Friday it expected its second-quarter net profit to exceed the 2.3 billion baht ($59 million) posted in the first quarter. Chief executive Prachai Leophairatana told reporters the forecast was based on rising cement sales and prices on the back of a domestic construction boom. He did not give a specific figure. The company also planned to book a 3.14 billion baht gain from a recent debt restructuring in the second quarter, he sai... |
US Construction House approves $275bn highway spending bill09 April 2004, Published under Cement NewsLast Friday the House of Representatives voted 357-65 in favour of a $275bn highway and transit bill. The spending bill will now be sent to a House-Senate conference, where negotiations will be carried out to resolve differences between this bill and the Senates proposal of a $318bn spending program. Then, attention will turn to reaching agreement with the US administration, which so far has proposed a spending bill of $256bn. While it is still unclear what size the final bill will be, all ... |