Cement News tagged under: international
Athi river expansion01 April 2004, Published under Cement NewsKenya: cement maker Athi River Mining yesterday reported a 69 per cent rise in after-tax profit from Sh57.4m to Sh97m for 2003. The pre-tax profit was up 60 per cent from Sh82.1m to Sh131.2m. Cement made up 55 per cent of the company’s business. Lime, silicate and fertilisers also made important contributions. Net profit in the period was boosted by the sale of 33 per cent holding in its Tanzanian lime plant at a 75 per cent profit per share. "The results are a reflection of ARM’s str... |
Indocement reduce net gearing ratio01 April 2004, Published under Cement NewsThe Management of PT Indocement Tunggal Prakarsa Tbk (Indocement) is trying to reduce its debt to equity ratio (net gearing ratio) by paying some debts in stages. Thomas Kern, the finance director of Indocement, said that by December of 2003 the debt of the company reached US$625m. "With the total debt of US$625m, the present net gearing ratio of the company is 1.02 times, meaning that the total debt of the company is more or less as same as the equity of the company," he said in a public e... |
Durgapur Cement plans expansion01 April 2004, Published under Cement NewsIndia: Durgapur Cement has embarked on an expansion programme to set up a new unit, Durga High Tech. Durgapur Cement president Debasis Ghosh said yesterday at the inauguration of the new unit announcement, said when completed, the company would be able to produce 1Mt of pozzolona cement per year from its existing 0.6Mt capacity works. The unit would for the first time manufacture cement from fly ash in the state using power from the joint captive power plant, NSPCL, of Durgapur Steel Plant ... |
Boral marks time for AdBri31 March 2004, Published under Cement NewsBoral is expected to extend its A$1 billion-plus takeover offer for cement maker Adelaide Brighton by another month to close probably by early May. This is because the competition watchdog, the Australian Competition and Consumer Commission (ACCC), is still seeking additional information from both parties before giving the green light to the merger. "This is a fairly major merger and we have to make sure that our investigations are thorough before making our decision," an ACCC spokeswoman ... |
Chilanga Shareholders reject K60 dividend31 March 2004, Published under Cement NewsCHILANGA Cement Plc shareholders last Friday rejected a K60 dividend offer arguing for an amount that reflected the company’s good performance for 2003. But the dividend was passed by division, after a proxy delegate for the majority shareholders voted in favour of the motion. At the company’s annual general meeting, the shareholders rejected K60 dividend arguing that they were equally entitled to reap the benefits of the company’s good performance, as were management and other employees. ... |
St Louis plant discussions continue31 March 2004, Published under Cement NewsHundreds of supporters of a controversial plan to build one of the world’s largest cement plants packed public meetings Monday in St. Louis and Ste. Genevieve, Mo. Holcim Inc, based in Switzerland, wants to build a $600m cement plant about 40 miles south of St. Louis in northern Ste. Genevieve County. Environmentalists say the project would pollute the Mississippi River and threaten the region’s compliance with federal clean air standards. The public meetings were called by the Missouri De... |
Holcim Deutschland31 March 2004, Published under Cement NewsGerman cement manufacturer Holcim Deutschland AG, a subsidiary of the Holcim group, posted a record-high net loss of 40.4 mln euro ($49.2m) for 2003, it was reported on March 30, 2004. No comparative figures were available. The net turnover of Holcim Deutschland, formerly known as Alsen AG, fell to 184 mln euro ($224m) for 2003 from 202.4 mln euro ($246.5m) for 2002. The average revenue fell to some 30 euro ($36.5) per tonne of cement for 2003, due to the construction sector slowdown in Germ... |
Dyckerhoff Plans Further cost cuts31 March 2004, Published under Cement NewsDyckerhoff AG said Tuesday it plans to cut more costs in 2004 in a bid to improve its operating profit this year. Dyckerhoff will start its successful restructuring program "Dyckerhoff 21" within the upcoming months in all subsidiaries abroad, announced Wolfgang Bauer, Chairman of the Board of Management since March 1, 2004, at the press conference of the Company in Frankfurt. "The roll-out of "Dyckerhoff 21" into our international activities builds the base for a further improvement of ou... |
Jiangmen Conch Cement starts construction31 March 2004, Published under Cement NewsThe first construction of Jiangmen Conch Cement Co has reportedly begun, With an investment of CNY500 million, the construction will officially begin in June 2004. At present, the newly bought loading conveyers, excavators, and bulldozers for the construction have been transported to the spot. The machines cost Conch Group over CNY 7 million. Furthermore, more than 20 engineers and technicians are engaged in the constructive measure and excavation. Jiangmen Conch Cement Co., Ltd. is located ... |
Ambuja postpones plant expansion31 March 2004, Published under Cement NewsAmbuja Cement Eastern, a subsidiary of Gujarat Ambuja Cements, has decided to shelve its expansion plans till the closure of the company’s current accounting year at the end of June 2004. The management of ACEL, which was earlier known as Modi Cement Ltd, was contemplating doubling the capacity. According to Harshavardhan Neotia, Managing Director of AECL and a director of GACL, the company has already received necessary permissions for the capacity expansion. "We are holding back the proje... |