Cement News tagged under: international
Cemex sees Q1 gain17 March 2004, Published under Cement NewsMexico’s Cemex , the world’s third largest cement maker, said on Tuesday it expects a 19 per cent increase in first quarter earnings before interest, taxes, depreciation and amortization (EBITDA). In a statement providing earnings guidance, Cemex said it expects EBITDA to come in at about US$535m while operating profit is expected to reach US$380m on revenue of more than US$1.7bn. Cemex last year reported first quarter EBITDA of US$450m and an operating profit of US$301m on sales of US$1.59... |
Logistics contract with Holcim17 March 2004, Published under Cement NewsThe Global Alliance of French transportation and logistics company Geodis and German independent freight forwarding operator Rohde & Liesenfeld has won its first international logistics contract, with Swiss cement company Holcim, it was reported on March 16, 2004. The Global Alliance will become Lead Logistics Provider, responsible for the procurement logistics of Holcim international activities. Holcim task is to reduce the procurement logistics costs, equal to Euro 250m a year. Geodis gen... |
Turkish Unye Cimento net loss17 March 2004, Published under Cement NewsTurkish cement and clinker producer and distributor Unye Cimento reported a net loss of 24.7 trln Turkish lira (US$18.8m) for 2003 versus a net loss of 38.2 trln lira (US$29m) for 2002. Unye Cimento net sales totalled US$54.6m, up from US$46.6m, and exports stood at US$7.9m up from US$2.9m. The company, located in Unye, northern Turkey, targets to sell 1.025Mt of cement on the domestic market and export 75,000t of cement and 400,000t of clinker in 2004. |
Turkey Marmara Region cement output17 March 2004, Published under Cement NewsThe cement sector in Turkey’s Marmara region produced a total of 7.1Mt of cement in 2003, it was reported on March 14, 2004. Factories in Central Anatolia produced 5.766Mt of cement, followed by factories in the Black Sea region with an output of 3.963Mt. The Mediterranean region produced 3.817Mt, the Southeastern Anatolia 2.727Mt, the Aegean region 2.202Mt and Eastern Anatolia 1.545Mt. For 2003, Turkey’s total cement output stood at 28.106Mt, compared to 26.2Mt in 2002. The country’s export... |
Low demand high supply bring cement prices down17 March 2004, Published under Cement NewsIt’s apparently uncertain times ahead for the Indian cement industry with significant oversupply and lower-than-expected demand looming large. Adding to the woes, says an analyst, are the general elections and the traditionally slack monsoon season, which would leave the producers with no choice but to bring down their prices, instead of hiking them as they had planned earlier. Another factor that may make the producers think twice over a price-hike is the growth in retail demand in the to... |
Concerns over coal supplies16 March 2004, Published under Cement NewsRising demand for coal in international market has sparked fears that Indonesian exports will rise at the expense of supply to the domestic cement industry. The concern is greater with China’s decision to ban coal exports and increase imports of that commodity. Cement factories have asked the government for guarantee in domestic supply and if necessary follow the Chinese lead in banning exports, a senior official of the energy and mineral resource ministry said yesterday. Most cement f... |
No takers in sight for Cemcorp16 March 2004, Published under Cement NewsThe Indian government’s renewed attempts to privatise the ailing Cement Corporation of India (CCI) has come to naught with no bids being received for the company’s nine cement plants. Only two cement makers - ACC and the little-known Deccan Cements - submitted bids for the 0.2Mt Rajban cement unit of CCI. There were, however, no bidders for CCI’s nine other manufacturing facilities, only two of which are operational. SBI Capital Markets, advisor to the operating agency IFCI, had invited bids... |
Oman’s Raysut to invest US$50m16 March 2004, Published under Cement NewsOmani cement producer Raysut Cement plans to invest US$50m to boost its output by putting into operation a new production line, the company said in a statement to Muscat Securities Market on March 14, 2004. The line, which will be the company’s third, will be designed and installed by a German company and will have an annual capacity of 1.0Mt of clinker. Construction works are due to be completed by the beginning of 2006. Raysut Cement will provide 40 per cent of the financing for the projec... |
PPC sees earnings up 10-30 per cent16 March 2004, Published under Cement NewsSouth African cement firm Pretoria Portland Cement said on Monday its profits for the half-year should be 10-30 per cent higher than last year’s thanks to good growth in domestic demand - boosting its shares. "The chairman reported at the Annual General Meeting in January that trading for the first quarter had been favourable and that local cement sales volumes grew ahead of expectation," PPC said in a statement. "Domestic cement demand has continued to be buoyant and will result in strong... |
Vasavdatta Cement captive power capacity16 March 2004, Published under Cement NewsVasavdetta Cement, part of Kesoram Industries Ltd is putting up an additional nine-mega watt capacity thermal power plant to supplement its existing 15.7 MW captive power plant at its facilities to bring down operating costs. The company is also taking up a number of de-bottling measures to take up annual production capacity from the current 1.2Mt to 2Mt this year, Mr KC Jain, Senior President told local reporters. Mr Jain said the company will also consider putting in additional capacity f... |