Cement News tagged under: international
Turkish Cimsa to invest16 March 2004, Published under Cement NewsTurkish cement producer Cimsa Cimento will invest 42.5 trln Turkish lira (US$32.3m) in clinker production at its grinding, storage and packaging plant in Kayseri, central Turkey, it was reported on March 15, 2004. After the completion of the investment project, the plant will have an annual capacity of 540,000t of clinker. The company has received an investment incentive certificate from the Turkish Treasury for the project. The certificate enables Cimsa to import US$14.9m worth of goods ex... |
Pakistani cement makers15 March 2004, Published under Cement NewsThe All Pakistan Cement Manufacturers Association (APCMA) says that cement manufacturers have not increased cement prices and assured that prices will not be increased in the future. This was informed by Tariq Saeed Saigol, chairman APCMA, during a meeting with Liaquat Ali Jatoi, the federal minister for industries and production, held to review cement prices and the cement industry situation. The APCMA said the recent increase in prices is by market forces and due to the role of middlemen a... |
Italcementi net profit up15 March 2004, Published under Cement NewsItaly’s biggest cement firm, Italcementi said on Monday its consolidated net profit edged up one percent to 277 million euros in 2003 and said it saw 2004 results little changed. Italcementi said it would pay an extraordinary dividend of 0.05 euros per share to celebrate its 140th anniversary. That would come on top of a dividend of 0.27 euros per ordinary share and 0.30 per savings share, unchanged from the previous year. Operating profit at the Bergamo-based firm fell 7.7 percent to 656 ... |
Fresh bid to curb overproduction15 March 2004, Published under Cement NewsChina is yet again ratcheting up its attempts to curb investment in heavy industries such as steel, aluminium and cement, this time by banning construction of new plants and restricting expansion of existing ones. Plainly worried that overinvestment in targeted industries will spread into the whole economy and intensify inflationary pressure, the government has been attempting for more than six months without notable success, to restrict overproduction. Those attempts have included a varie... |
Turkish production15 March 2004, Published under Cement NewsTurkey produced 28.1Mt of cement in 2003, and 7.3Mt of the output was exported. In 2002, Turkey produced 26.2Mt of cement, and exported 5.5Mt according to the Turkish Cement Producers’ Association. |
Serbian building materials15 March 2004, Published under Cement NewsSerbia’s building materials sector exports stood at some $35 mln (28.5 mln euro) for 2003 and imports were nearly $45 mln (36.7 mln euro), according to data of the Serbian Chamber of Commerce (PKS). Producers of bricks and tiles were the leading exporters with $22.5 mln (18..3 mln euro) for 2003, while quarries and prefabricate branches registered the highest imports of $30 mln (24.5 mln euro). The largest exporters of construction materials were Toza Markovic, with some $6.0 mln (4.9 mln ... |
Indian construction sector strike?15 March 2004, Published under Cement NewsThree real estate developer associations have called for a nation-wide strike on March 15 this year, in protest against the recent hike in cement and steel prices; they have also demanded that the Government reduce import duty on these items. All building activity as well as purchase of cement and steel will be called to a halt that day, announced representatives of the three associations, at a news conference here on Thursday. The three bodies were the Confederation of Real Estate Develope... |
Votorantim halts talks over Secil stake12 March 2004, Published under Cement NewsBrazilian cement company Votorantim (VCP) has apparently called off talks with Portugal cement company Semapa over buying a 41 per cent stake in Semapa unit Secil, Publico reports. No reason has been announced. CRH and Cemex may now be re-evaluating their own positions if this reversal by Votorantim proves correct. This news may also make it more difficult for Semapa to pay for 30 per cent of pulp maker Portucel being sold by the government, as it had counted on receipts from the stake sale ... |
Juan Minetti posts profits12 March 2004, Published under Cement NewsIncreased sales and a successful financial restructuring helped Juan Minetti, Argentina’s second largest cement producer, post a P121m (US$41.3m) net profit in 2003, recovering from a 210mn net loss the year before. For the period, Minetti posted a P123m operating profit, versus an P18.3m operating loss in 2002, and net sales jumped 52 per cent to P380m, the company said in a statement to the country’s securities regulator (CNV). The company’s cement sales reached 1.64Mt in 2003, up 26.5 p... |
Cement and flyash products12 March 2004, Published under Cement NewsIndian cement companies are trying to woo builders to use flyash-based products, which are considered to be more eco-friendly. The companies of the likes of Grasim, ACC, and L&T, are holding host of workshops to impress upon the real estate developers on the uses of flyash products. According to the cement industry estimates, total flyash production in the country is about 95Mt per annum. Out of this, about 30 per cent meets the requirements of grade I flyash as per IS code: 3812, suitable ... |