Cement News tagged under: international
Siam Cement to Modernise Image20 January 2004, Published under Cement NewsSiam Cement Group (SCC) is looking at ways to give itself a more modern image with a 60-million-baht campaign. Vice-president Kan Trakulhoon said the country's largest industrial conglomerate wanted to present itself as a modern, progressive and futuristic group of companies in the eyes of the public. One of the results of the exercise was Tree of Imagination, an eye-popping television commercial that blends natural and high-tech images to underscore the message of discovery and innovation... |
Saudi Southern Province profits19 January 2004, Published under Cement NewsSaudi cement producer, Southern Province Cement (SPC), posted a net profit of 500.8 mln Saudi riyals (US$133.5m for 2003, up from 482.4 mln riyalsfor 2002, it was reported on January 18, 2004. The company's clinker output rose to 4,092,849t from 3,616,904t, while cement sales totalled 3,809,269t, compared to 3,685,720t. Local sales decreased to 3,596,963t from 3,628,335t and exports rose to 212,306t from 57,385t. Southern Province Cement, one of the eight cement companies operating in Saud... |
Ruhunu Cement - bids for minority stake19 January 2004, Published under Cement NewsThe Sri Lankan government Monday invited bids for its 15 per cent stake in Ruhunu Cement as part of its 2004 privatization program. Bids should be submitted by Jan. 30, the Public Enterprises Reform Commission, or PERC, said in a statement posted on its Web site. The Ruhunu Cement stake sale is part of government efforts to exit from minority shareholdings held by the treasury in several listed and unlisted firms. |
SCCC`s new acquisition in India?19 January 2004, Published under Cement NewsAccording to Business Day, India, Siam City Cement Plc is set to announce a new acquisition in India by the end of this month that would rival the deal it had hoped to announce when it was in the process of taking control of TPI Polene Plc. "We are going to make an official announcement by the end of this month on the issue of the acquisition as we have to [wait to] see the outcome of the share offering of TPI Polene," Paul Hugentobler, vice chairman of Siam City Cement and head of regional... |
Aussi builders brace for leaner years19 January 2004, Published under Cement NewsThe big four -- Boral Ltd, CSR Ltd, James Hardie Ltd and Rinker Group Ltd -- all rode the highs of Australia's housing boom with record levels of activity and substantial profit increases. But 2004 is shaping up to be a tougher year, with a downturn in residential building activity expected in both the local and the US markets, and analysts reckon the end of the good times is in sight. "This year they'll hold up and probably do quite well," Commonwealth Securities analyst Graeme Woodbridge ... |
ACC looks at finance options19 January 2004, Published under Cement NewsAssociated Cement Companies, India, is planning to raise about Rs300 crore to part finance its capital expenditure programme, which has been revised upwards following the acquisition of Idcol Cements in Orissa. The company has spent about Rs182 crore to acquire 86.8 per cent stake in Idcol Cements, which has a capacity of one million tonnes. ACC also plans to invest about Rs250 crore at its Chaibasa unit in Jharkhand, which is being converted into a dry process facility with increased capac... |
Usje workers demand dividends19 January 2004, Published under Cement NewsThe court in Macedonian capital Skopje is to rule shortly on a claim of workers of the local Usje cement plan, owned by a Greek-Swiss joint venture of cement producers Titan Cement and Holcim, that they were entitled to dividend, it was reported on January 16, 2004. The Usje trade union filed the claim in July 2002 after rounds of unsuccessful negotiations with the foreign management. Workers used to take the average amount of four monthly salaries as dividend before the plant's privatisati... |
Loma Negra resumes investments19 January 2004, Published under Cement NewsArgentine cement maker Loma Negra plans to resume investments in 2004 and forecast a sales increase of 8.0 per cent year-on-year, the company said on January 16, 2004. Loma Negra succeeded in restructuring its US$400m debt in September 2003 and at present is on the way of recovery. Loma Negra will resume operations in its cement plant in Barker, near Buenos Aires, in view of the expected major sales in 2004. The plant of the company in Barker is one of the nine Loma Negra has in Argentina. ... |
Gujarat Ambuja net profits19 January 2004, Published under Cement NewsGujarat Ambuja Cements Ltd, India's fourth largest cement maker, reported a 1.3 per cent drop in quarterly profit on Friday as a result of sluggish prices in its key market. The company, which has about a 14 per cent stake in rival Associated Cement Companies Ltd, said net profit in its fiscal second quarter ended December 31 was Rs 595.4 million compared with Rs 603.2 million a year earlier. Total income was Rs 4.44 billion. A drop in domestic cement prices in the past quarter was the sharp... |
Holcim increases stake in Alpha16 January 2004, Published under Cement NewsHolcim invested in Russia's opening cement sector as early as 1994, acquiring a minority shareholding in Moscow-domiciled Alpha CementJSC. Through the purchase of additional share packages, which has just been approved by the relevant competition authority, Holcim now holds 68.8 percent of Alpha Cement's share capital. Holcim will fully consolidate this important Russian cement producer effective December 31, 2003. Alpha Cement controls two strategically very well positioned cement compani... |