Cement News tagged under: international
Reconstruction of Hrazdan cement plant11 February 2004, Published under Cement NewsThis year owners (Mika Ltd) is starting the reconstruction of the Hrazdan Cement Plant in Armenia, reports the company’s president Mikhail Bagdassarov. The company will purchase additional equipment for the plant to achieve substantial results and to promote the development of the whole Armenian economy. Bagdassarov notes that the plant’s cement is the best in the region. In 2003 the plant produced cement worth 2.2 bn AMD, (US$4.0m) which is 28 per cent less than in 2002. The sales totalle... |
SCCC expects strong 4Q11 February 2004, Published under Cement NewsSiam City Cement Co is expected to post strong 4Q03 results thanks to the firm cement price and QoQ improvement in cement demand. Outlook for 2004 appears bright with cement demand remaining strong and selling price remaining firm. However, SCCC’s earnings growth compared with other cement stocks is relatively flat. Although the management disclosed that it is under negotiation to acquire cement firm in India, the results have yet to be concluded making the assessment at this point impossibl... |
Boral looks to US acquisitions11 February 2004, Published under Cement NewsBuilding materials group Boral has flagged the possibility of a future capital raising, after declaring that its short-term acquisition plans did not stop with its planned A$867 million takeover of Adelaide Brighton. After beating market expectations with a 29 per cent lift in half-year net profit to $185.8 million, Boral chief executive Rod Pearse said the company was on the lookout for possible purchases in the US, despite the additional $1 billion of debt Boral would take on with the AdBr... |
South African cement sales rise11 February 2004, Published under Cement NewsSouth African cement volumes rose by 6.3 per cent y/y in January 2004 to 607,335t after increasing by 13.9 per cent y/y in December 2003 to 671,525t, data released by the Cement & Concrete Institute (CNCI) showed. In 2003 domestic cement sales grew by 7.0 per cent to 9,105,466t after increasing by 5.9 per cent to 8,511,851t in 2002 following only 1.8 per cent growth in 2001. The rise in cement sales seems to be related to usage in preparing the port at Coega in the Eastern Cape, where ce... |
Boral sees earnings up 20 per cent10 February 2004, Published under Cement NewsBuilding products company Boral Ltd today said it expected 2003/04 earnings to be about 20 per cent higher than the previous year. The company, which is currently seeking to takeover cement group Adelaide Brighton Ltd, today reported a net profit of A$185.8 million for the half year ended December 31 2003, up 29 per cent. Chief executive Rod Pearse said the company anticipated Australian dwelling approvals would experience "interest rate related softening" in the second half of the year co... |
Indocement sees 2004 growth flat in election year10 February 2004, Published under Cement NewsIndonesia’s second-largest cement maker, PT Indocement Tunggal Prakarsa Tbk, said on Monday it expected flat growth this year due to slack demand in an election year in the country. But the firm, which has nominal installed capacity of 15.4Mta and is 65.14 per cent owned by Germany’s HeidelbergCement Group, expects the market to improve from 2005. "2004 will be a transition year because of the elections. Basically we are expecting a high growth rate in the market, but I don’t think it will... |
FLS Industries sells aerospace subsidiary10 February 2004, Published under Cement NewsDanish engineering and cement group FLS Industries signed a 350 mln Danish crown (US$59.9m) contract for the sale of its subsidiary FLS Aerospace with Swiss aircraft maintenance provider SR Technics, it was reported on February 9, 2004. Under the agreement the buyer shall take over the company’s pension commitments, which amounted to 611 mln crowns (US$104.6m at the end of 2002. The buyer shall also take over all liabilities deriving from restructuring which in the longer run will total about... |
No talks scheduled as cement workers picket10 February 2004, Published under Cement NewsWorkers at Hawaiian Cement are on their third and fourth days of the strike. Talks between managers and union negotiators broke off Saturday night. No new talks are scheduled for either group. The Teamsters International Vice President Jim Santangelo arrived this weekend to lend support to striking cement workers. Striking employees say they hope he can kick-start the stalled negotiations. Some 67 employees at Hawaiian Cement are on strike over medical co-payments and sick leave. Management w... |
Boral’s bid could be rejected09 February 2004, Published under Cement NewsBoral’s A$840 million takeover bid for cement and lime producer Adelaide Brighton was on shaky ground, with the nation’s competition watchdog unlikely to give it the go ahead, an analyst said. Commonwealth Securities analyst Graeme Woodbridge said the Australian Competition and Consumer Commission (ACCC) would oppose Boral’s acquisition of Adelaide Brighton on fears it would lessen competition in the cement market. In early January, Boral upped its takeover bid for Australia’s largest cemen... |
Taiwan Cement posted highest domestic sales09 February 2004, Published under Cement NewsBecause of the implementation of the public construction projects and the revival of the construction industry, cement sales in the Taiwan market remained quite brisk in January. Taiwan Cement Corporation (TCC), Taiwan’s leading cement producer, recorded the highest domestic cement sales of 470,000t among local cement makers in the month. TCC attributed the good sales performance to a full run of its Hoping cement plant in Hualien County, northern Taiwan, and to the increase in exports. ... |