Cement News tagged under: international
Boral extends takeover bid27 February 2004, Published under Cement NewsBoral has extended the offer by a month to April 8, 2004 as it seeks approval from the Australian Competition and Consumer Commission (ACCC). "Boral yesterday received a formal request from the ACCC seeking additional information in relation to the proposed acquisition of Adelaide Brighton," Boral said. "Boral understands that Adelaide Brighton has also received a request from the ACCC. In early January, Boral upped its takeover bid for Australia’s largest cement and lime producer to A$1.60... |
Fortune Cement to expand27 February 2004, Published under Cement NewsPublicly listed Fortune Cement Corp is investing P800 million to expand capacity at its Philippine Batangas facility in order to meet increasing demand. The expansion would increase output to 3300 tons per day from the current daily production of 2500 tons, said Chairman Renato C. Sunico. "The expansion would start in April and will take about three to four months. Assuming that everything would be sold, it could mean a 30 per cent increase in sales," Mr. Sunico told reporters after the co... |
Cypriot Vasillico Cement sells27 February 2004, Published under Cement NewsCypriot cement manufacturer Vasilico Cement reported sales of 1,266,000t of cement and clinker for 2003, up from 1,223,000t for 2002, the company’s unaudited financial results showed. The company’s cement and clinker sales on the domestic market increased to 848,000t from 753,000t. Cement consumption in Cyprus stood at 1,303,000t, up 10.1 per cent year-on-year. Vasilico cement and clinker exports decreased to 418,000t from 470,000t. |
Argos interested in Panama growth27 February 2004, Published under Cement NewsColombia’s Cementos Argos is considering the possibility of asking its co-owner in Cementos Panama, leading world cement producer Holcim, to sell it its 50 per cent stake, La Nota reported. If a sale is agreed upon, Argos would have 100 per cent ownership in the company. Argos wants shareholdings in excess of 50 per cent in Panama, Venezuela, Ecuador and Peru. The company will achieve this in Ecuador and Peru by acquiring existing companies, according to the newspaper. Cementos Panama has ... |
Spanish Cementos Portland27 February 2004, Published under Cement NewsCementos Portland, a subsidiary of Spanish construction and services company Fomento de Construcciones y Contratas, posted a net attributable profit of 148.5 mln euro in 2003, a 30.5 per cent year-on-year increase, the company said on February 26, 2004. Turnover stood at 865.6 mln euro, an increase of 4.1 per cent. Sales on the domestic market generated 76 per cent of turnover. Cementos Portland also reported extraordinary revenue from the sales of its 21 per cent stake in Spanish renewable ... |
Nghi Son Cement targets higher revenues27 February 2004, Published under Cement NewsHanoi: Nghi Son Cement Corporation in central Thanh Hoa province has worked out this year’s plan to record US$94m in sales revenues and net profit of US$12m, spend US $28m on settling its initial debt, and remove most of accumulated losses, announced Ryuichi Hirai, the corporation’s General Director, at his meeting with press agencies on the occasion of Lunar New Year 2004. Accordingly, Nghi Son Cement Company will try to produce over 1.82Mt of clinker and obtain cement production and sal... |
Vietnam cement opportunities27 February 2004, Published under Cement NewsForeign investors will find Vietnam’s two important industries, cement and electricity, more attractive since the country’s ministries will, this year, propose the government loose requirements on investment in the industries. Besides, domestic demand for cement and electricity is expected to sharply increase in the next few years. The Ministry of Planning and Investment (MPI), in coordination with the Ministry of Construction, will propose that the government should allow partners in cement... |
Irish housing boom boosts Readymix26 February 2004, Published under Cement NewsReadymix, the Irish cement producer that is 62 per cent owned by RMC, reported a 4.2 per cent increase in pre-tax profits for 2003, helped by record levels of housebuilding in the Republic. The company, which last year rejected an offer from Kilsaran, a rival Irish producer, made the most of a boom in the Irish housing market, where a total of 69,000 units were completed in 2003, against 57,000 the previous year. This helped lift pre-tax profits from Eur21.6m (UK£14.5m) to Eur22.5m o... |
Turkish Mardin Cimento to Export 125,000t cement to Syria26 February 2004, Published under Cement NewsTurkish cement, clinker and ready mixed concrete producer Mardin Cimento has signed an agreement to export 125,000t of cement to Syria. The company will start shipments under the agreement in the forthcoming days, Mardin Cimento director general H. Ilker Guner said. Mardin Cimento, part of the cement division of Turkish army pension fund Oyak, exported 250,000t of cement to Syria in 2003. The company plans domestic sales of 600,000t and exports of 300,000t of cement for 2004. Its 2004... |
Saudi Eastern Province Cement Co reports 2.7Mt cement output in 200326 February 2004, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPC) produced 2,698,745t of cement in 2003, compared to 2,461,218 tonnes in 2002, the company said. EPC clinker output stood at 1.2Mt. The company reported cement exports of 498,000t, compared to 542,000t, while total cement sales stood at 2,677,276t, up from 2,459,742t. EPC, based in Dammam, eastern Saudi Arabia, was established in 1982 as a joint stock company under the name Saudi-Kuwaiti Cement Company. The company changed its... |