Cement News tagged under: international
Lafarge cement volumes up29 January 2004, Published under Cement NewsTurnover at Lafarge declined by 6.5% last year to €13,658m, but after adjusting for the exchange rate movements, which reduced the sales figure by 9.0%, and businesses disposed of, there was an underlying increase of 4.6%. This was helped by a strong final quarter, when underlying turnover advanced by 9.6%, compared with a weak fourth quarter in the previous year. The cement operations saw turnover decline by 8.1% to €6,383m, or 46.7% of the group total, while at the underlying rate there... |
Siam Cement expects 50% profit rise28 January 2004, Published under Cement NewsSiam Cement Plc, the country’s largest industrial conglomerate is expected to report full year earnings that will show an increase of at least 50 per cent, with the company indicating that it may surprise investors with heavy dividend payout. Siam Cement, which has nearly 100 companies under its umbrella, is expected to report net profits of between 4.3 to 4.9 billion baht for its fourth quarter, thus bringing its full year net profits to between 17.2 to 18.5 billion baht. "We estimate ... |
Ghacem announces gains28 January 2004, Published under Cement NewsAt a function in Takoradi last weekend to honour cement distributors, Mr. Bjarne Schmidt, Managing Director of GHACEM announced that the Ghana Cement Foundation (GCF), a division of GHACEM, is to donate a total of 30,000 bags of cement valued at one billion cedis to community schools and health institutions throughout the country this year. Last year, the foundation provided similar support for educational and health institutions in 400 communities nationwide towards the improvement in the ... |
Orascom signs for line No 228 January 2004, Published under Cement NewsAlgerian Cement Company signs contract to build a second production line increasing production capacity to 4.4Mt of cement annually. Orascom Construction Industries announced that its wholly owned subsidiary Algerian Cement Company (ACC) has signed an engineering, procurement and construction (EPC) contract with an FLSmidth of Denmark / OCI Algeria consortium valued at US$153m for the construction of a second production line at their new plant located in M’sila, Algeria. The signing ceremony... |
Chia Hsin improves in China28 January 2004, Published under Cement NewsChia Hsin Cement Corp., one of Taiwan’s major cement manufacturers, recently announced it would invest US$100m to build the second kiln at the Jing Yang cement plant owned by its China subsidiary Jing Yang Cement Co., in the first quarter of this year. Chia Hsin said it would also build a second kiln of a cement plant owned by another subsidiary Jiangsu Union Cement Co., in the middle of next year. With this, the company will see its cement output in mainland China amount to 10Mta in 2006. ... |
Lafarge 2003 sales slip but beat forecasts28 January 2004, Published under Cement NewsThe world’s leading cement maker, Lafarge posted a 6.5 per cent fall in 2003 sales on Wednesday, hurt by dollar weakness, likely to be stable year-on-year. Sales fell to 13.658 billion euros ($17.1 billion), from 14.610 billion a year earlier, slightly ahead of the analysts’ consensus forecast of 13.492 billion euros. Closely-watched underlying sales, which strip out currency fluctuations, divestments and acquisitions, rose 4.6 percent, with a 9.6 percent gain in the fourth quarter, the co... |
Indonesia Semen Gresik 03 cement sales down28 January 2004, Published under Cement NewsPT Semen Gresik said cement sales for 2003 fell 3.2 per centto 14.03Mt due mostly to a drop in exports. Semen Gresik’s domestic cement sales were up 0.9 per cent at 11.97 million tons, but exports slumped 21 per cent to 2.05Mt. Semen Gresik didn’t comment on its sales performance. Semen Gresik is 51 per cent-owned by the government and 25.53 per cent-owned by Mexico’s Cemex. According to data from Indonesia’s cement producers association, national cement sales for 2003 rose one per cent t... |
Iran technology for Venezuela?28 January 2004, Published under Cement NewsVenezuela is talking with Iranian companies to develop joint ventures in the South American country’s mineral-rich southeast. Corporacion Venezolana de Guayana (CVG) President Francisco Rangel said officials held talks with Iran’s KDO group on a bauxite and aluminum plant project. Officials also met with state firm Ehdasse Sanat Corp. to discuss building a cement factory, and aimed to sign an initial accord at the G-15 meeting in Caracas next month. Venezuelan President Hugo Chavez will ... |
PPC sees local growth27 January 2004, Published under Cement NewsListed cement producer Pretoria Portland Cement Company (PPC), is expecting local cement demand to show growth of four per cent to five per cent in the year ahead, slower than the growth experienced in the October to December period, according to Chairman Warren Clewlow. In a statement issued following PPC’s 108th Annual General Meeting, Clewlow provided a trading update on the first quarter of the financial year, referring first to an extract from the prospects section of the Chairman’s rev... |
Danish FLSmidth awarded Saudi contract27 January 2004, Published under Cement NewsDanish cement and mineral processing equipment maker FLSmidth was awarded a Euro 40m contract for machinery and equipment deliveries by Japanese heavy machinery maker Ishikawajima-Harima Heavy Industries Co (IHI) for a production line in Saudi Arabia, FLS Industries said on January 26, 2004. IHI signed a contract with Saudi cement producer Qassim Cement Company (QCC) for a new 4,500 tonnes cement per day production line. The production line will be situated 300 km north of the Saudi Arabian... |