Cement News tagged under: international
CRH reports improved second half performance08 January 2004, Published under Cement NewsCRH expects to report a pre-tax profit for 2003 in early March in lime with the €856m achieved in 2002 in spite of an 18 per cent drop in the first half of 2002. This would represent a profit increase more than 10 per cent in constant currency terms. In Ireland, a stronger housing market was offset by weaker commercial and industrial building activity, while in the United Kingdom better volumes and prices made up for the nine per cent drop in the value of the pound sterling. Volumes in Pol... |
India Associated Cement to raise prices08 January 2004, Published under Cement NewsAssociated Cement Companies Ltd (ACC) India's second largest cement maker, plans to raise prices by 5 to 10 rupees ($1= INR45.53) per 50kg bag later this month due to stronger demand, a company executive said Thursday. "There has been an improvement in cement demand since December and given the positive upswings in the economy there is scope for a 5 to 10 rupees hike," said the executive, adding that the increase would represent a seven per cent rise on existing prices. Cement prices vary fr... |
Turkish Unye Cimento08 January 2004, Published under Cement NewsTurkish cement and clinker producer and distributor Unye Cimento in Unye, northern Turkey, expects to produce 1.1Mt of cement and 1.197Mt of clinker in 2004, according to company's business plan approved on January 6, 2003. The company informed in a statement to the Istanbul Stock Exchange (IMKB) it planned to sell 1.025 million tonnes of cement in the domestic market and to export 75,000t of cement and 400,000t of clinker in 2004. Unye Cimento is a subsidiary of Turkish army pension fund Oyak. |
Indian cement deals08 January 2004, Published under Cement NewsAfter buying out L&T cement division, Grasim now owns the largest cement capacity in the country, but in terms of market share the Grasim-L&T combine seems to be losing out to ACC-Ambuja combine, who have now emerged market leader. ACC-Ambuja now sells 18 per cent more cement than the former and the gap between the two seems to be increasing every month. Gujarat Ambuja has now overtaken Grasim to emerge as the number two cement maker in the country behind ACC. Till 2001-02, Grasim and L&T pu... |
Operational changes at Siam Cement08 January 2004, Published under Cement NewsRestructuring continues at Thailand's largest conglomerate, Siam Cement Plc, despite the economic recovery - and it has already affected about one-eighth of the group's total workforce, according to local reports. The initial phase has seen the conglomerate shed Bt50 billion worth of non-core assets. Pretty well everything not related to its paper, petrochemical, building materials, cement and distribution operations was sold off after 1998. But the refocused Siam Cement has also quietly rej... |
Lafarge expands in Asia08 January 2004, Published under Cement NewsLafarge is to increase the capacity of its Chongquin cement works in China from 0.8Mt to 1.8Mt by building a second production line. The US$40m investment is expected to be completed during the latter part of next year. Lafarge took control of Chongquing Cement in June of last year, when it paid US$30m for a 71 per cent stake in the plant, which serves a market of some 30m people in south-western Chinese province of Sichuan. This is a significantly larger increase in capacity that was envi... |
Philippine Fortune Cement07 January 2004, Published under Cement NewsPhilippine-listed Fortune Cement Corp said its stockholders' equity has returned to positive at the end of 2003 after settling convertible loan notes last year. Fortune assured the Philippine Stock Exchange that it has taken initiatives to return its stockholders' equity to positive from a deficit to avoid being delisted. The stock exchange could delist a company "if its stockholders' equity becomes negative." The company said its stockholders' equity should be a positive PHP2.5 billion wi... |
PSP Engineering wins Russian contracts.07 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 o... |
Polish Cement plant to be closed down07 January 2004, Published under Cement NewsPolish cement plant Cementowania Strzelce Opolskie, a subsidiary of the local cement group Gorazdze, controlled by the German sector company HeidelbergCement, will be closed down in 2004, it was reported on January 6,2004. Currently Cementowania Strzelce Opolskie employs 230 and will start to terminate the labour contracts of a part of its workers at the end of February 2004. The plant will terminate the labour contracts with the last group of its workers in March 2004. The plant agreed with... |
Court to rule on cement cartel fine07 January 2004, Published under Cement NewsEurope’s highest court is set to rule on Wednesday 7th January whether the European Commission was right to impose millions of euros in fines against a large cement cartel in 1994. European antitrust regulators fined 41 cement producers a total of €250 million for taking part in anti-competitive market practices from 1983 to 1994 – particularly over restricting the export of grey and white cement. The total sanction was subsequently reduced to €110 million on administrative and technical grou... |