Cement News tagged under: international
German losses depresses RMC results04 March 2004, Published under Cement NewsTurnover at RMC Group declined by 2.0 per cent in 2003 to £4873m (€7056.2m), while the operating profit at the EBITDA level remained unchanged at £456.7m (€661.3m). The trading profit declined by 4.3 per cent to £235.8m (€341.4m) and following a 6.3 per cent reduction in the net interest charge to £78.4m (€113.5m), the running profit before tax emerged 4.7 per cent lower at £121.8m (€176.4m). After taking into account property profits of £11.2m (€16.2m) and net exceptional losses of £265.9... |
East African Portland battle04 March 2004, Published under Cement NewsNairobi: a local cement distribution battle is beginning to have more far-reaching consequences for both government and the plant’s owners according to local news reports. The matter came to a head only last week when the Parliamentary Accounts Committee chairman, Mr Omingo Magara, and a member Mr Otieno Kajwang’, issued a statement accusing Trade and Industry minister Dr Mukhisa Kituyi of impropriety. It is not clear how the Parliamentary Accounts Committee (not Parliamentary Investment Com... |
Dalmia Cement to set new plant04 March 2004, Published under Cement NewsDalmia Cements Bharat is to set up a brownfield cement manufacturing unit at Dalmiapuram, Tamil Nadu, at an approximated cost of Rs365 crore (US$80m). This is part of the company’s expansion project, according to a company notification. The manufacturing capacity would have an annual capacity of 1.6Mt. Dalmia Cement already has a 1.23Mt facility at Dalmiapuram. India Cement is however the major player in the Tamil Nadu market at present with a market share of 20 per cent. |
Saudi Southern Province improves04 March 2004, Published under Cement NewsSaudi cement producer, Southern Province Cement (SPC), reported a total output of 3.8Mt of cement for 2003, compared to 3.7Mt for 2002, recent statistics showed. Local sales stood at 3.596Mt, against 3.628Mt, while cement exports rose to 212,000t from 57,000t. The company produced 4.1Mt of clinker, compared to 3.6Mt the year previous. Clinker exports totalled 597,000t, down from 1.2Mt. Southern Province Cement was established in 1978 and is based in Abha, southwestern Saudi Arabia. The compa... |
Group ’not supplying’ cement for West Bank barrier03 March 2004, Published under Cement NewsCRH has firmly denied that Israeli group Mashav, in which it owns a 25 per cent shareholding, is supplying cement or concrete to the security barrier being built by Israel in the West Bank. The Palestinian Authority office in Dublin has accused CRH of being a key supplier through Mashav’s Nesher Cement, which controls some 80pc of the Israelicement supply. "Nesher has no involvement in that wall," Liam O’Mahony said at a news briefing on the group’s 2003 results. Declan Doyle, who heads up ... |
Armenian investments03 March 2004, Published under Cement NewsIn 2004 Mika -Cement Armenian Factory will invest US$1m, according to the Executive Director of the factory Naira Martirosyan. She noted that since privatization of the factory in 2001, the total volume of investments has made US$6m According to her, in 2003 Mika -Cement Armenian Factory produced about 160,000t of cement, and in 2004 double production of cement is planned. Martirosyan stated that the export of cement is to be from 40-50,000t in 2004. According to the Director, new investment... |
Lafarge offers to buy stake in Gresik?02 March 2004, Published under Cement NewsIndonesia’s largest cement firm PT Semen Gresik reportedly said French cement group Lafarge SA has expressed interest in acquiring a stake in the company, replacing Mexican cement firm Cemex SA, the daily Koran Tempo reported. Tempo quoted Semen Gresik corporate secretary Subagio as saying that Lafarge has made an offer with the government to become a shareholder of Semen Gresik. He said Lafarge has yet to follow up its offer with a solid proposal. The French company was among several inv... |
Larsen & Toubro says Feb shipments up02 March 2004, Published under Cement NewsLarsen & Toubro Ltd, India’s No 2 cement maker, said on Monday total shipments of cement and clinker in February rose 6.6 per cent from a year earlier to 1.35Mt. Cement shipments, including exports, in February were 9.7 per cent higher at 1.09Mt, it said. Larsen shares jumped 4.5 per cent to 588.45 rupees on the Bombay exchange, whose key index closed up 2.8 percent. |
Turkey production up02 March 2004, Published under Cement NewsThe cement association Turkiye Cimento Mustahsilleri Birligi announced that cement production increased by 7.2 per cent y/y in 2003 to 35Mt. Domestic sales and exports also increased by 4.0 per cent y/y to 28Mt and 22.5 per cent y/y to 7.3Mt. |
Gresik’s Jan Cement Sales +3.8 per cent02 March 2004, Published under Cement NewsPT Semen Gresik, an Indonesian cement maker, Monday said cement sales in January rose 3.8 per cent on-year to 1.233Mt due to an increase in domestic sales. Semen Gresik’s domestic cement sales during the month rose 9.6 per cent vto 1.062Mt from 969,309t in January last year. Its cement exports, however, slumped 22 per cent on-year to 170,779t. Semen Gresik didn’t comment on its sales performance. According to data from Indonesia’s cement producer association, national cement sales in Janu... |