Cement News tagged under: international
Gujarat Ambuja Q2 net drops16 January 2004, Published under Cement NewsGujarat Ambuja Cements Ltd, India's fourth largest cement maker, reported a 1.3 percent 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 595.4 million rupees compared with 603.2 million a year earlier. Total income was 4.44 billion rupees. A Reuters poll of 12 brokerages released on Wednesday estima... |
Dalmacijacement shipments16 January 2004, Published under Cement NewsCroatian shipping company Splitska Plovidba will transport 800,000t of cement of local cement maker Dalmacijacement - RMC Group in 2004, compared to 630,000t of cement in 2003. The management board president of Dalmacijacement, Vinko Janjak, and the management board president of Splitska Plovidba, Ante Jukic, signed a contract for 2004 transportation of cement on January 15, 2004. Splitska Plovidba transports Dalmacijacement cement to a terminal in the Bar port, southern Montenegro. Splitsk... |
Taiheiyo cash flow surplus16 January 2004, Published under Cement NewsTaiheiyo Cement Corp expects to report a positive free cash flow of 76.9 billion yen on a consolidated basis for the year ending March 31, up 26 per cent from fiscal 2002. The surplus would be the company's highest since merging with Nihon Cement Co. in October 1998. Taiheiyo Cement's operating cash flow is projected to rise 12 per cent to 66.4 billion yen, and its net profit is estimated at 15 billion yen, an increase of 140 per cent. Investment cash flow is seen rising 420 per cent to 10... |
East African Portland problems16 January 2004, Published under Cement NewsThe Kenyan High Court has stopped the East African Portland Cement from meddling in a cement distribution contract. Commercial Court Judge Mohammed Ibrahim on Tesday issued a temporary injunction barring the cement firm from breaching a three-year contract awarded to Donholm Rahisi Stores last year. He also issued orders compelling the company to fulfil their part of the contract signed and executed on April 2, 2003. The company will continue selling and supplying cement to the distributor ... |
Good growth in Mexico16 January 2004, Published under Cement NewsMexico's cement industry will register between 4-5 per cent growth for 2003 based on increased demand from housing and public infrastructure projects, industry analysts and company officials were quoted as saying in newspaper La Reforma. Demand for cement registered increases higher than GDP growth, which means in general it was a very positive year for the construction sector, and we hope 2004 will be at least equal to this, Cemex will post roughly 3% growth for 2003, considering the countr... |
Tabuk Cement to raise output16 January 2004, Published under Cement NewsSaudi cement producer, Tabuk Cement Company, will raise its daily cement output to 5700t, it was reported on January 14, 2004. The expansion will be carried out under a contract, signed by TCC's managing director, Abdullah Khadar Badwi, in December 2003 with German suppliers. After the expansion, the company's cement capacity will stand at 260tph. TCC has already successfully completed an expansion project, which increased its plant's daily clinker capacity to 4000tpd from 3,500tpd. |
South African cement sales16 January 2004, Published under Cement NewsCement volumes rose by 13.9 per cent y/y in December to 671,525t after increasing by only 6.8 per cent y/y in November to 875,285t and compared with a 5.9 per cent y/y gain to 6.642Mt in the first nine months of 2003, data released by the Cement & Concrete Institute (CNCI) showed. In 2003 domestic cement sales grew by 7.0 per cent y/y to 9,105,466t domestic cement sales after increasing by 5.9 per cent to 8,511,851t in 2002 after only 1.8 per cent growth in 2001. The rise in cement sal... |
New ABB contract16 January 2004, Published under Cement NewsABB has been involved in the planning, construction and commissioning of QCC Lines Nr. 1 & 2 since 1980, which was, coincidently, the beginning of QCC. IHI was awarded the contract in September 2003. Installation is scheduled to begin in January, 2005 and commissioning in August, 2005. Commercial operation of the new production line is planned to start by end of 2005. The scope of the ABB deliveries encompasses medium- and low-voltage distribution equipment, DriveIT variable speed drives ... |
Chile sales rising15 January 2004, Published under Cement NewsLocal cement deliveries in Chile grew 4.6 per cent in 2003 to 3.62Mt, according to a report by local financial firm CB Capitales. The figures are the highest since 1998 (3.85Mt) as the country's economic crisis negatively impacted the sector in the following years, said the report, adding that the sector's recovery is due to large-scale infrastructure projects under construction in the country. Cementos Bio Bio, controlled by local group Briones, increased its deliveries in 2003 8.5 per cen... |
Argentine Juan Minetti15 January 2004, Published under Cement NewsArgentine cement producer Juan Minetti will make investments totalling $1.5m to restart clinker production at its Yocsina facility, Cordoba province, northern Argentina. The clinker line has been out of operation for two years and its re-start will create 66 new jobs. Juan Minetti plans to increase its cement production until May 2004, due to the increase in cement demand in the country. The cement demand in Argentina has increased by 25 per cent in 2003, compared to 2002. |