Cement News tagged under: international
New plants for Azerbaijan27 January 2004, Published under Cement NewsAzerbaijan has only one cement plant as it is: Garadagh Cement; its annual productivity equals 1Mt of cement. Considering that the majority of the raw-material sources are situated in Baku and Absheron peninsula, one of the new plants will be built on the outskirts of Baku and the other one somewhere in the provinces. Various state agencies have been negotiating and are negotiating with investors. |
Eurocement sums up 2003 production results27 January 2004, Published under Cement NewsEurocement Holdings produced 7.5Mt of cement in Jan-Dec 2003. Eurocement made 816,000t of bagged cement, up 16.6 per cent as compared to 2002. Some 50 per cent of the output falls to JSC Maltsovsky Portlandcement that produced 3.55Mt of cement in 2002. The company made 312,000t of bagged cement, an increase of 22.4 per cent as compared to Jan-Dec 2002. The company will make 8Mt of cement in 2004. Maltsovsky Portlandcement expects a 200,000t increase in output. JSC Savinsky Cement Plant remain... |
Holcim’s plant in Serbia turns profit27 January 2004, Published under Cement NewsSerbia’s second-largest cement plant Novi Popovac, part of Holcim Group, reported on Monday a 160 million-dinar ($2.76m) net profit for 2003, rebounding from a loss a year earlier, when results were hit by redundancy costs. Holcim acquired a 70 percent stake in the Novi Popovac plant in early 2002, when Serbia sold its three key cement plants to foreign investors in what marked the first major privatisation after the fall of Slobodan Milosevic in 2000. Top managers at the plant, located ab... |
TPI says may sell stakes after restructuring27 January 2004, Published under Cement NewsThai Petrochemical Industry PCL (TPI), the country’s biggest defaulter, said on Monday it could sell stakes to companies such as PTT and Siam Cement PCL once it restructures its debt. "So far, we have not talked about a stake sale with anyone," Siri Jirapongphan, a member of a government-appointed TPI management team, told Reuters. "PTT, Siam Cement and other Thai chemical firms could be TPI’s partner...But we have to make ourselves look better before we offer our shares to others." Sir... |
ACC Q3 net profits up 10.4 per cent26 January 2004, Published under Cement NewsAssociated Cement Companies Ltd, India, has posted a 10.4 per cent rise in net profit at Rs 223.2 million (US$4.91m) for the 3rd quarter ended December 31, 2003 as against Rs 202.1 million in same period last fiscal. The net income for the reporting quarter grew at Rs 7893.2 million as against Rs 7279.2 million in October-December 2002, the company informed the Bombay Stock Exchange on Friday. Commenting on the performance up to December 2003, the company said the cement industry recorded gr... |
PSP Engineering wins Russian contracts26 January 2004, Published under Cement NewsCzech firm PSP Engineering, has won several new orders in Russia, according to the firm’s spokesman Ludek Fesar. PSP has signed deals to complete a cement mill at the Voskresensk cement factory, owned by Lafarge. PSP will also supply and assemble a cooling unit for the Sukhoi Lug cement plant. The cooler is scheduled to begin operation in the first half of this year. PSP has also signed a contract in cooperation with the Alta company to supply the Severstal firm, and a deal to supply ore sepa... |
Siam Cement net Q4 seen robust26 January 2004, Published under Cement NewsThailand’s biggest industrial conglomerate, Siam Cement PCL, is expected to cap one of its best years by posting sturdy quarterly earnings due to rising prices for its building materials and chemicals. Analysts say a domestic building boom and an upturn in the global chemicals business cycle mean things will only get better for a company seen as a barometer of Thai corporate health due to diverse interests that include cement and paper. Brokerages put the company’s fourth-quarter earning... |
Apasco net profit soars in 200326 January 2004, Published under Cement NewsMexican cement maker Holcim Apasco saw operating profits reach 2.27bn pesos (US$208m) last year, a 17.3 per cent jump over 2002, while fourth quarter profits were up 7.0 per cent from 4Q02 to 585mn pesos, the company told Mexico City’s stock exchange. Consolidated net sales totaled 10.6bn pesos in 2003 while fourth quarter sales touched 2.57bn pesos, a 3.2 per cent jump year-on-year. The company’s total assets and liabilities hit 20.0bn pesos and 6.15bn pesos fourth quarter, a 10.6 per cent... |
Bidders For Portuguese Secil seek larger stake26 January 2004, Published under Cement NewsBrazilian industrial conglomerate Votorantim, Italian diversified holding company Caltagirone and Irish industrial and trade group CRH which were shortlisted for the acquisition of the 41.6 per cent stake in Portugal’s cement producer Secil. All are pressing Secil’s owner, the Portuguese cement group Semapa, to sell a larger stake, it was reported on January 23, 2004. Votorantim, Caltagirone and CRH already presented their bids and are undergoing direct negotiations with the owner. Votora... |
Moldovan Ciment gets special concession26 January 2004, Published under Cement NewsMoldovan cement producer Ciment, owned by a French building materials group Lafarge, has become the first local company to receive a special electricity consumer status under a decision of the National Agency for Energy Regulation on January 21, 2004. Following the liberalisation of the domestic electric power market selected large consumers can choose their suppliers among Moldovan or foreign energy providers. Ciment was the first to comply with all requirements to qualify for the special c... |