Cement News tagged under: international
Jordan Cement Factories net profit jump22 March 2004, Published under Cement NewsJordanian cement producer Jordan Cement Factories Company (JCFC) posted a net profit of 27 mln Jordanian dinars (US$38.2m) for 2003, up 70 per cent year-on-year, according to the company’s director general, Samir al-Bairaqtar. The company completed in 2003 the repayment of its debts, which stood at 48 mln dinars (US$67.8m) at the end of 1998, al-Bairaqtar said. JCFC’s annual capacity stands at some 4.4Mt, of which some 2.7Mt are allocated for the local market. The largest foreign markets for... |
Polpaico posts US$16.4m net profit22 March 2004, Published under Cement NewsChile’s Cemento Polpaico posted a 9.9bn peso (US$16.4m) consolidated net profit in 2003, versus a 9.4bn peso net loss the year before, Polpaico said in a statement to the country’s securities regulator (SVS). For the period, operating profit grew 29.5% to 15.5bn pesos and revenue edged up 1.57 per cent to 118bn pesos. Polpaico attributed the turnaround to a narrowing of its non-operating losses due to improved results of related investments and exchange rate differences. Cemento Polpaico, ... |
Cement prices set to stabilise by May22 March 2004, Published under Cement NewsCement prices in Andhra Pradesh India are expected to cross Rs 160 per bag in May and stabilise in that region for the next six months, save for any major company deciding to play spoilsport. Unlike in the past, this time the price hike may not need any concerted effort by the industry and may occur automatically due to factors like a drop in cement supplies from other states, exports and new infrastructure projects that will kick off in the next financial year. Industry observers here are c... |
Spanish construction update22 March 2004, Published under Cement NewsSo far, not much is known about the new socialist government’s intentions relating to the construction industry and the infrastructure investments, but they have given some general guidelines: To lower the housing prices, with laws to promote the rental market. In addition, the new Government will finance some social houses (c 90,000 units per annum). To carry on with the current 2000-2006 Infrastructure Plan. To stop the development of new toll motorways and further privately financed infra... |
Narmada Dam decision will boost Gujarat22 March 2004, Published under Cement NewsIndia: The recent decision to raise the height of the Sardar Sarovar Dam on the Narmada by another ten metres is expected to come as a boost to cement companies. While part of the incremental demand is expected to come from the work on the dam itself over the next few months, a large portion of additional demand will come from the subsequent cannalisation work. Industry experts say that the total project demand would be to the extent of two-three million tonnes of ready-mix annually. ³It w... |
No Cement Shortage Despite temporary closure19 March 2004, Published under Cement NewsHima Cement has temporarily closed for annual maintenance. Managing Director, Mbuvi Ngunze, said the closure is a normal annual maintenance exercise, which among other things, "takes audit of the efficiency of Electrostatic Precipitators (ESPs) as well as kiln maintenance". Mr Mbuvi said that the Kasese-based cement manufacturer has been in communication with the National Environmental Management Authority and the local community on the issue of the efficiency of the ESPs as well as other mat... |
Hawaiian Cement Union accepts final offer19 March 2004, Published under Cement NewsThe union representing striking Hawaiian Cement workers has accepted company’s best, last and final offer. Union membership is scheduled to take a ratification vote on Friday. If they approve, it would end the strike that has lasted nearly six weeks. Teamsters President Mel Kahele says the 67 Hawaiian Cement employees could return to work as early as Monday. The company presented the offer at 10 a-m Wednesday, and Kahele announced the acceptance of the offer eight hours later. Kahele says ... |
China Resources Cement is handed Dongguan market19 March 2004, Published under Cement NewsCement maker China Resources Cement Holdings will expand its Dongguan plant in a bid to fill the vacuum left by the closure of competitors under the city’s stringent environmental standards. The company will spend 50 million yuan to increase the plant’s annual production capacity to two million tonnes by next year from 1.3Mt Of Dongguan’s 48 cement makers, all but China Resources Cement would be forced to shut by next year, said vice-chairman and general manager Shi Shanbo. "Only our co... |
Cement industry expects higher growth in March19 March 2004, Published under Cement NewsDomestic sales of cement in Peru grew by 5.3 per cent in February, to a total volume of 320,283t, according to the industry association, Asocem (Asociacion de Productores de Cemento). The organization is predicting that the trend will continue in March, with estimated growth of 6.6 per cent. In terms of individual companies, Asocem says that Cementos Lima will see its sales up by 6.6 per cent, based on demand from the government’s housing program, while Cementos Pacasmayo will see a 16.4 per... |
Saudi Cement sales at 4.6Mt19 March 2004, Published under Cement NewsSaudi cement producer, Saudi Cement Company (SCC), reported cement sales of 4.6Mt in 2003, up from 4.5Mt in 2002, it was reported on March 18, 2004. SCC exported 502,000t of cement to Bahrain, compared to 406,000t in 2002 while clinker exports to Bahrain stood at 137,000t, up from 94,000t. SCC, established in 1955, is based in Dammam, eastern Saudi Arabia. The company has an authorised capital of 1.02 bln Saudi riyals (US$272m). SCC posted a net profit of 402.5 mln riyals (US$107.3m), comp... |