Cement News tagged under: international
Circem sees cement decline19 February 2004, Published under Cement NewsZimbabwe: Circle Cement Limited (Circem) has experienced a decline in demand for cement in the local market due to harsh economic conditions prevailing in the country, The Financial Gazette established this week. Industry players said the industry had witnessed a decline in the number of new construction projects and this had negatively affected demand for cement. The Harare-based cement manufacturing giant is also facing operational problems as a result of coal shortages and high trans... |
Italcementi’s Ciments Francais says ’moment to invest’ in China is approaching.18 February 2004, Published under Cement NewsItalcementi SpA unit Ciments Francais said it is stilltargeting emerging markets, with particular attention being paid to China where the company may soon start investing. Speaking at a press conference, Ciments Francais chairman Yves Rene Nanot said China has been in the company’s sights for some years now, and "the moment to invest is approaching." He noted, though, that prices in the country are still weak. Emerging markets currently make up 30 per cent of sales and 22 per cent o... |
Cementos Lima profits dip despite strong sales18 February 2004, Published under Cement NewsPeruvian cement producer Cementos Lima has reported net profit of 91.3m soles in 2003 down 4.8 per cent from the 95.9m soles in 2002. Profits fell despite a 0.7 per cent increase in sales to 528.5m soles in 2003 from 2002, due to strong clinker exports. Higher sales were however neutralised by higher costs of sales, particularly for exports and lower prices according to the company. |
Holcim Apasco accepts share offer El Economista18 February 2004, Published under Cement NewsThe board of Holcim Apasco has approved the public share offer made by Holcim Investments, after considering that it safeguards the interests of minority shareholders and is within the parameters established under applicable legal rulings. The cement manufacturer told shareholders that on 13 February the public offer was made for shares representing corporate capital of Holcim Apasco. The same day the board met to discuss the conditions of the offer. The board gave its approval for the of... |
Tail wags for Chihuahua in first 9 months18 February 2004, Published under Cement NewsMexican cement company Grupo Cementos Chihuahua (GCC) reported a 19.4 per cent increase in net profits for the first nine months of 2003 to 524mn pesos (US$48m) compared to the same period in 2002, thanks to a strong third quarter, a successful reduction in fixed costs, and a 16.7 per cent increase in cement sales volumes, the company reported. The improved results came despite a 3.2 per cent slip in sales to 2.68bn pesos (US$244m) over the nine-month period. Sales in Mexico accounted for... |
Albanian Govt To Close Down Polluting Elbasan Plants18 February 2004, Published under Cement NewsThe Albanian Government will close down three industrial plants in Elbasan, central Albania, if equipment and filters for preventing environmental pollution is not installed at the plants in the near future, it was reported on 17 February 2004. The plants in question are the cement plant, owned by the Lebanese cement group Seament, the ferrochrome plant of the Italian copper smelter Darfo and the steel plant, owned by the Turkish iron and steel maker Kurum. All three plants emit large clo... |
Turkish authorities seize Rumeli assets18 February 2004, Published under Cement NewsThe Turkish Savings & Deposits Insurance Fund has seized 219 companies belonging to the Uzan family in order to try and recover debts of in excess of US$5,500m. The Turkish judicial authorities are seeking the extradition of a number of leading members of the Uzan family that have fled to the United States. The Turkish Savings & Deposits Insurance Fund has split the companies seized into four categories, media, telecommunications, finance and cement and has appointed separate trustees to m... |
Taiwan to invest 10bn yuan in mainland China17 February 2004, Published under Cement NewsTaiwan Cement Corp (TW 1101) plans to invest 10bn yuan in mainland China over the next five years for production expansion and acquisitions, company president Leslie Koo said. Taiwan Cement made the decision with a view to meeting a fast growing cement market in the mainland. Its annual cement production capacity is expected to reach 20Mt within five years and the company aims to become one of the three largest cement producers in mainland China at that time. Taiwan Cement has investe... |
Cement-makers want Indian firm17 February 2004, Published under Cement NewsThe BK Birla group is close to finalising a deal to sell its 1.5Mt cement company in India, Mangalam Cement Ltd. The group is at an advanced stage of negotiations with four buyers Lafarge and three leading Thai cement companies. Representatives of Lafarge recently inspected the company’s twin plants at Kota in Rajasthan. A London-based broker acting for three companies in Bangkok visited the plants on 6 February. A top source in Birla Buildings, headquarters of the INR55bn rupee, ... |
ACC To Raise $100m For Expansion17 February 2004, Published under Cement NewsACC, India’s second largest cement maker, is likely to raise US$100m to fund a modernisation and expansion plan, reports the Financial Express. The report, which quoted an unnamed company executive, didn’t specify how the amount will be raised. ACC plans to expand capacity at its Chaibasa unit in the eastern state of Jharkhand to 1.5Mta from the existing 0.61Mt, says the report. ACC also plans to modernise its unit in the eastern state of Orissa. |