Cement News tagged under: international
Vietnam demand estimates29 March 2004, Published under Cement NewsProduction units of the Vietnam National Cement Corporation (VNCC), joint ventures, and local cement plants and clinker stations are now running at full capacity to meet expected domestic demand of nearly 7Mt of cement in the second quarter, especially in April and May - the peak months of the construction season. VNCC has also kept 1.36Mt of cement and clinker in stock so far, the highest volume ever, in order to stabilise market price in the period, including 1.07Mt for the north, 79,795t... |
Argos: US$10m improvement program26 March 2004, Published under Cement NewsColombian cement company Cementos Argos is to continue a reorganization program to obtain synergies and better coordinate activities of its constituent companies, company president José Vélez told a shareholder meeting, Economia en Red reported. This year the company will spend US$10m on various projects to modernise its plants and operations. This includes the construction of four logistics and distribution centers in Bogotá, Cali, Barranquilla and Medellín. The company will also improve it... |
Texas Industries posts profit on steel strength26 March 2004, Published under Cement NewsBuilding materials supplier Texas Industries Inc on Thursday posted a quarterly profit, reversing a year-earlier loss, as prices and shipments of steel increased. The Dallas-based supplier of cement and structural steel, whose shares closed up more than 4 per cent, posted net income for the third quarter ended of US$20.9m, or 92 cents a share, compared with a loss of $17m, or 81 cents, a year earlier. The latest results included a gain of US$20.5m from the sale of brick plants. Overall sal... |
Italy Cementir26 March 2004, Published under Cement NewsNet financial position of Italian cement company Cementir, a unit of Italian construction company Caltagirone, totalled Euro 112.7m on December 31, 2003, up by some Euro 35.9m. Cementir consolidated net worth stood at Euro 505m in 2003 against Euro 440.5m in 2002. Cementir reported a net turnover of Euro292.6m, a 3.4 per cent year-on-year increase. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 3.6 per cent to Euro 87.7m. Cementir’s board proposed a dividend payme... |
Investors snap up US$27m Soboce bonds26 March 2004, Published under Cement NewsSoboce, Bolivia’s leading cement producer, has sold US$27m of a US$35m bond issue within the first two days, Los Tiempos reported. The issue was launched Monday to raise funds to restructure its debt profile. "This demonstrates the prestige and investor confidence in our company," general manager Armando Gumucio told BNamericas. "The other strategic benefit of the issue is to optimize the use of our [financial] guarantees. The [bond] issue will keep them [the guarantees] free for the future... |
Ciments du Maroc profits at $92.8m26 March 2004, Published under Cement NewsMoroccan cement company Ciments du Maroc saw its operating profit rise by more than 32 per cent year-on-year in 2003 to reach 827 mln Moroccan dirhams (US$92.8) the company’s chairman and managing director, Mohamed Chaibi, told a news conference, held in the kingdom’s economic capital Casablanca on March 24, 2004. Ciments du Maroc, which is a subsidiary of Italian cement manufacturer Italcementi Group, posted a net profit of 556 mln dirhams (US$62.4m), an increase of over 35.9 per cent on a ... |
Lafarge To Acquire Hupfer Holding25 March 2004, Published under Cement NewsLafarge has signed an agreement with the Haniel Group for the acquisition of Hupfer Holding, a major aggregates and ready-mix concrete producer in the East and the Center of France and in the area of Zurich in Switzerland. The enterprise value amounts to €92 million including a debt of €23.5 million. The purchased assets include nine quarries with an annual capacity of 4.7Mt of aggregates and seven ready-mix plants (approximately 0.3 million cubic meters). This agreement is subject to approv... |
Indocement reports slump in 2003 net profit25 March 2004, Published under Cement NewsIndonesia’s second largest cement maker PT Indocement Tunggal Prakarsa reported a net profit of Rp670 billion (US$78.8m) in 2003, down from Rp11,041 billion in the previous year. Its net income, however, rose to Rp4,148 billion from Rp3,948 billion, company secretary Ria Sjahroni said. Ria attributed the decline in net profit to a shrink in foreign exchange gain to Rp38 billion in 2003 from Rp849 billion in 2002. The company, which is now controlled HeidelbergCement AG, reduced its debt by... |
Cement production records double digit growth in February25 March 2004, Published under Cement NewsThe Cement Manufacturers’ Association (CMA) announced that domestic cement output recorded 10.84 per cent growth to 10.33Mt in Feb 2004. Cement despatches were higher by 10.75 per cent to 10.3Mt in Feb 2004 compared to 9.3Mt in Feb 2003. In the period Apr 2003-Feb 2004, cement production increased by 5.65 percent to 106.16Mt as against 100.47Mt in Apr 2002-Feb 2003. Cement despatches in the same period were 5.5 per cent higher at 105.83Mt compared to 100.31Mt in Apr 2002-Feb 2003. |
HeidelbergCement to pay Euro 1.15 dividend25 March 2004, Published under Cement NewsThe supervisory board of German cement concern HeidelbergCement approved a proposal for a 1.15 euro ($1.42) per share dividend payment for 2003 after waiving dividends for 2002, the company reported on March 24, 2004. In 2001, HeidelbergCement paid a 1.15 euro ($1.42) dividend per share and waived dividends for 2002 in order to reduce debts. HeidelbergCement is to present financial results for 2003 on March 25, 2004 with analysts, polled by Reuters, expecting a net profit of 168m euro ($207... |