Cement News tagged under: international
China warns of over-investment05 February 2004, Published under Cement NewsThe Chinese government has reiterated warnings about the risks of overinvestment in steel, aluminum and cement industries and ordered local authorities to report ongoing construction projects to the State Council, the country’s cabinet. The warning, this time by Zeng Peiyan, a vice-premier and former head of the National Development & Reform Commission, formerly the State Planning Commission, marks the latest expression of government concern about the rapid growth in new investment in steel... |
SCCCs Cambodian move05 February 2004, Published under Cement NewsSiam City Cement Plc (SCCC) last week signed an agreement with its Cambodian partner to establish cement dispatching and packaging facilities, making it among the first local companies returning to Cambodia after violent anti-Thai riots rocked Phnom Penh a year ago. Managing director Vincent Bichet said a SCCC subsidiary, Eagle Cement Holding Co, had teamed up with Khmer Cement Trading Ltd (KCT), a Cambodian company, to build and operate a facility in Cambodia for receiving, packaging and d... |
State to Curtail Chilanga Monopoly05 February 2004, Published under Cement NewsThe Zambian government intends to break the monopoly enjoyed by Chilanga Cement Plc with a view of stabilising the escalating price of cement. Commerce, Trade and Industry minister Dipak Patel announced in a ministerial statement in Parliament yesterday investors needed to pump in US$100m to provide competition in the sector. Mr Patel whose statement was prompted by a point of order by Kasenengwa MP Timothy Nyirenda (UNIP) in November last year, admitted that the firm dominated the cement ... |
Croatian Unit of Holcim at 750,000t in 200305 February 2004, Published under Cement NewsThe cement output of Croatian cement maker Holcim Hrvatska d.o.o, stood at some 750,000t in 2003. Holcim Hrvatska exported some 200,000t of its cement output, mainly to Italy. The company also produced some 200,000 cu m of concrete. This marks a 13 per cent year-on-year increase in sales of cement and a 46 pct year-on-year increase in sales of concrete in Croatia due to intensive construction works throughout the county. Holcim Hrvatska posted a US$7.0m after tax profit on a revenue of US... |
Lucky Cement04 February 2004, Published under Cement NewsLucky Cement, Pakistan, is expected to announce its first-half FY04 results in next couple of weeks as the stock market has been reacting positively for the last few days in anticipation of good cement sector results. A research analyst, Abdul Rasheed, at Invest Capital and Securities said that the reasons for the expected increase in profits of the company were higher retention prices and lower manufacturing cost. Lucky Cement sold 483,000t of cement during H1 FY04 compared to sales of ... |
Gujarat Ambuja Cement looks at buy-back04 February 2004, Published under Cement NewsGujarat Ambuja Cements is considering exercising its call option for buying back nearly US$80m of its outstanding foreign currency convertible bonds (FCCBs). The company plans to repay bondholders in case they did not convert the loan into equity shares. It has the choice to exercise the call option after 31 Jan 2004 at conversion price of Rs222 per share. Nearly 20 per cent of the US$99m FCCBs have been converted into equity. The company will issue call notice of duration of 40 days to the b... |
India cements prunes Q3 losses04 February 2004, Published under Cement NewsIndia Cements Ltd has incurred a net loss of Rs37.24 crore on income of Rs285.30 crore during Oct-Dec 2003. The company had incurred a net loss of Rs50.54 crore on income of Rs238.97 crore during Oct-Dec 2002. India Cements has reduced the interest costs from Rs60.51 crore to Rs38.56 crore during the period. |
’No Agenda’ Behind Rebranding of Alpha04 February 2004, Published under Cement NewsALPHA, one of SA’s three largest cement producers, says its R29m rebranding exercise is not indicative of intentions by its largest shareholder to up its stake in the South African company. Swiss company Holcim owns 54 per cent of Alpha, which was renamed Holcim SA from this week. South African-listed construction group Aveng owns the remainder of the company. Holcim SA MD Karl Meissner-Roloff yesterday denied that the move was a step towards a possible takeover of the company by its Swi... |
Iran’s annual cement output at 30Mt04 February 2004, Published under Cement NewsIran’s annual cement output currently stands at 30Mt, the country’s Industry and Mines Minister Eshaq Jahangiri has announced. Private investors have also submitted projects for the production of 45Mt of cement at the ministry, which has already opened credit lines for the manufacturing of a further 11Mt, Jahangiri said. Iran had also won a tender for the construction of a US$198m cement plant in Syria, the minister concluded. |
Romanian Holcim improves04 February 2004, Published under Cement NewsRomania cement maker Holcim says 2003 turnover 13 per cent higher Romanian cement maker Holcim said its 2003 turnover had risen by 13 per cent year-on-year to Euro100m due to investments in quality, services and market innovation.We can remain on the top only if we keep our promises, provide quality services, be an attractive company for our employees and keep a permanent communication with our stakeholders,² said Kurt Habersatter the General Manager of Holcim (Romania) SA. During last y... |