Cement News tagged under: international
Demand to boost SCC profits16 December 2003, Published under Cement NewsSiam Cement Plc, the country's largest industrial conglomerate, said over the weekend it expects to continue seeing robust earnings growth this year and in 2004 on the back of strong domestic demand and uptrends in the petrochemical cycle."This year we are going to break all records in profitability and sales. We hope next year will even be better," SCC chief financial officer Kan Trakulhoon noted. He said that higher prices of cement, petrochemicals, and building materials will likel... |
Malaysia`s Tasek Corp sells16 December 2003, Published under Cement NewsCement manufacturer Tasek Corp Bhd has sold 10. 01 million shares, or a 23.63 per cent stake, in Rock Chemical Industries Bhd at 2.00 rgt per share, a company statement said. As a result of the sale, which was undertaken via off market transactions, Tasek has ceased to be a substantial stakeholder in Rock Chemical. Rock Chemical manufactures cement, quicklime and concrete pavers. |
Indian cement firms seek excise duty rollback16 December 2003, Published under Cement NewsThe Indian cement industry wants the hike in excise duty announced by Finance Minister Jaswant Singh in Budget 2003-04 to be rolled back. The Cement Manufacturers Association, in its pre-Budget memorandum, has asked the government to restore the excise duty on cement to Rs 350 per tonne from Rs 400 a tonne that had been imposed in the Budget. The CMA has also asked the government to encourage the use of Portland Pozzolona Cement (PPC), which uses more than 15 per cent fly-ash, in the... |
Pretoria Portland15 December 2003, Published under Cement NewsPretoria Portland Cement (PPC), which, in the 2002/3 financial year posted a 40 per cent increase in operating profit to R866-million, expects a further increase in earnings this year, although at a lower rate. The company, South Africa¹s largest cement producer, bases its optimism on increased infrastructural spending by the public sector, rising demand from the residential and industrial sectors as well as the Coega industrial development zone (IDZ) project, on the East Coast, which is now... |
Three indonesian cement giants15 December 2003, Published under Cement NewsPT Semen Gresik, PT Indocement, and PT Semen Cibinong, posted net profit at Rp267 billion (US$31.48m), Rp712 billion and Rp242 billion respectively during the nine month period. Data at the Jakarta Stock Exchange showed that PT Semen Cibinong recorded an operating loss of Rp8 billion but the rupiah appreciation gave it a large foreign exchange gain. The company has large foreign exchange debt. PT Indocement posted an operating profit of Rp724 billion and state-owned Semen Gresik Rp672 bill... |
India Gujarat Ambuja15 December 2003, Published under Cement NewsGujarat Ambuja Cement, India's fourth largest cement producer, plans to raise prices by 10 rupees, or 8.7 per cent, later this week to INR125 a 50kg bag, a senior company executive said Monday. The price rise will be implemented in the western industrial state of Gujarat, the executive said. "The demand situation in Gujarat is fast improving. This would be our second price revision in two weeks," said the executive who didn't want to be named. Gujarat Ambuja raised prices in Gujarat last w... |
Chile deliveries15 December 2003, Published under Cement NewsLocal cement deliveries in Chile fell 5.6 per cent in November compared to the same month last year, the first drop in nine months after important consecutive increases, according to a report by local financial firm CB Capitales. The report added that January-November deliveries have increased 5.2 per cent, evidence that the industry has made an important recovery when compared to mid-2002, although still below the seven per cent level for the same period in pre-crisis 1998. Tonnages for th... |
Mykkolayivcement increase15 December 2003, Published under Cement NewsDuring January-November 2003, Mykolayivcement OJSC (Lvov region of Ukraine), one of the five largest cement producers of Ukraine, increased production by 24.6 per cent against the same period of 2002 from 633,000t to 789,000t. The main cause for such production increase was unexpected market expanding starting from May in the Center and West Ukraine. Specifically, according to the experts' estimations, the market of Lvov region increased approximately by 30 per cent against the last year. ... |
Market Surprises14 December 2003, Published under Cement NewsThe dry bulk markets are back on a strong trend, after having taken a short breath during the first weeks of November. Thermal coal demand and a renewed interest in vessels taken for periods are part of the explanation of this unexpected rise. The BCI and BPI have regained some of the ground previously lost, with a rise of respectively 263 points at 6249 and 383 at 4443 points. Rates for periods are now back to their third highest level of the year, with some Panamax vessels reported above ... |
Siam Cement expects strong 200412 December 2003, Published under Cement NewsSiam Cement, Thailand's biggest industrial conglomerate, expects a strong 2004 with domestic cement demand "outstanding" as the country's economy grows apace, a senior executive said. Kan Trakulhoon, vice president for finance, told reporters late on Thursday domestic cement demand was expected to grow an annual 10 per cent next year and that should boost SCC's sales by the same rate. "Our profit this year will be better than last year. Next year it will keep rising as well because of stron... |