Cement News tagged under: international
Grupo Caribe to spend US$17m on upgrades08 March 2004, Published under Cement NewsColombian cement producer Grupo Caribe is to spend 46bn pesos (US$17m) on plant upgrades to modernize and improve operations, executive president Eric Flesch Santoro announced during a 2003 results presentation to shareholders, El Heraldo reported. The money will be spent at the Cementos del Caribe, Colclinker and Tolcemento plants this year in the cities of Barranquilla, Tolu and Cartagena to optimize production and increase exports. In 2003 Caribe and its associated companies like Colclin... |
Garadagh cement investments08 March 2004, Published under Cement NewsHolcim is going to invest $3m of in-house funds in Garadagh Cement joint-stock company by September 2004, Azer-press read in the press release of Garadagh Cement bringing total investments up to US$20m since 1999. ’However, it is not the limit say officials. Holcim is going to make additional investments in Garadagh Cement joint-stock company since the new Kiln No 5 is to be put in operation using the newest technology. For this year, the annual out-puts of the Company will be brought up to 1... |
Katavsky Cement’s February Output08 March 2004, Published under Cement NewsKatavsky Cement has produced 47,000t of cement since it was put back into operation at the end of January. This represents a third of the plant’s full-year output in 2003. The plant also began selling bagged cement. Efforts are currently under way to bring into operation all available capacities: three out of four furnaces are currently in operation. Idle since last October, the plant was brought back into operation at the end of January. Following the last year acquisition by Eurocement-af... |
Big rise in Lucky Cement Jul-Dec profits08 March 2004, Published under Cement NewsPakistan: Lucky Cement’s profits in the six months ended on December 31, 2003, registered an increase of 89 percent because of higher sales and cut in borrowing costs. The operating profits before tax, improved to Rs414 million during the half year ended December 31st, 2003, as compared to Rs220 million of the same period a year earlier. Its net profit moved upto Rs. 408 million, or 1.66 rupees a share, as compared with Rs 215 million or 0.88 rupee a share. Lucky has announced that the c... |
Former Taiheiyo director appointed to Ssangyong05 March 2004, Published under Cement NewsTadashi Suzuki, formerly of Taiheiyo Cement Corp, will become president of South Korea’s largest cement manufacturer, Ssangyong Cement Industrial Co., in which the Japanese cement company owns a 27.77 per cent stake and is also the biggest shareholder. Taiheiyo Cement has helped the South Korean company by providing 65 billion yen (US$587m) in funds. Ssangyong Cement’s reconstruction is on track with the company able to post a pretax profit in last year’s book closing. Suzuki, formerly a d... |
Cement plant for Rafsanjan05 March 2004, Published under Cement NewsIran has started the construction of a cement plant with a daily capacity of 3500t in Rafsanjan, in the eastern province of Kerman. The construction is financed by the private sector with 80bn Iranian rials (US$9.5m). The plant will create 400 direct and 10,000 indirect jobs, member of Parliament Ali Hashemi told the opening of the construction. He added that the private sector alone was not capable of setting up industrial enterprises in the country and needs the support of the Government... |
Combined Net Profit of Saudi Cement Companies05 March 2004, Published under Cement NewsCombined net profit of the eight cement companies operating in Saudi Arabia stood at 2.5bn Saudi riyals (US$667m) for 2003, up from 2.2bn riyals in 2002. The largest net profit of 500.8m riyals ($133.6m) was reported by Southern Province Cement, followed by Saudi Cement with 402.5m riyals (US$107.3m), Yamama Cement with 386.6m riyals (US$103.1m) and Yanbu Cement with 378m riyals (US$100.8m). Yanbu Cement reported the largest profit increase of 24.7 per cent YoY, followed by Yamama Cement wit... |
Pakistan to help Yemen cement industry05 March 2004, Published under Cement NewsCommerce Minister, Humayun Akhtar Khan said that Pakistan will extend technical support to Yemen for establishing cement industries in Yemen. He said that Pakistan and Yemen will soon start negotiations for signing a Preferential Tariff Agreement (PTA), leading to a Free Trade Agreement (FTA) between the two countries. Agreement to this effect was reached during the fourth Pak-Yemen Joint Ministerial Commission (JMC) meeting held in Sana’a, on March 1. The Commerce Minister said, Yemen will ... |
Cement projects planned05 March 2004, Published under Cement NewsIndia: possible number of small cement projects mooted for Idia’s north east region, particularly in Manipur as the seventy per cent of the cement used in the region has been procured from other states of the country. The Secretary, North East Council emphasized the need for tapping huge resources of the north eastern region. Within three years cement could be produced in the region officials said. As the state has resources of limestone, the expansion of the cement factory is quite viable ... |
Malaysian cement supply remains strong05 March 2004, Published under Cement NewsThere is an ample supply of cement in Malaysia, and the present production capacity will be able to meet the rise in demand expected for this year, according to a statement by the Cement and Concrete Association of Malaysia. The association’s director, Grace Okuda, said there is actually excess kiln and grinding capacities. The present installed kiln and current grinding capacities of the industry amount to 17.8Mt and 28.3Mt, respectively. The industry has forecast cement demand of 16.66Mt ... |