Cement News tagged under: international
USA – Tyre burning plans at Lafarge Ravena, NY11 November 2003, Published under Cement NewsUSA – Tyre burning plans at Lafarge Ravena, NY, Lafarge North America plans to burn tyres at its Ravena cement works with the aim to reduce its use of coal as thermal energy source and possibly cut emissions. Lafarge North America plans to burn tyres at its Ravena cement works with the aim to reduce its use of coal as thermal energy source and possibly cut emissions. The plans outline the initial burning of tyres in one kiln in 2005. Retrofitting of the plant’s second kiln by the following... |
Largely stable markets11 November 2003, Published under Cement NewsDespite a slight drop of the BCI in the first part of the week rates have remained at high levels and the BCI lost only 19 points over the week. Fronthaul cargoes have continued to get rates in excess of US$80,000/day, and Pacific r/v above US$70,000 still on large modern vessels. Despite, this tiny market correction, it is too early to anticipate a change in trend for the Capesize market. Rates for periods neither show any sign of a possible drop. The 72-point fall of the Panamax market is ... |
Holcim estimates11 November 2003, Published under Cement NewsDespite the onset of winter analysts at Merrill Lynch hope for some early green shoots to emerge. Holcim announces nine month figures this week despite winter approaching Merrill Lynch analysts hope for some Œgreen shoots¹. Price wars ending in Germany/Philippines/Egypt may not yet be visible in Q3, but weather effects and reduced forex impact help, and the poor cashflow and US performances should begin to turn around. Merrill Lynch expects sales to fall 7.5% to CHF9.18bn. EBIT ... |
Holcim estimates11 November 2003, Published under Cement NewsDespite the onset of winter analysts at Merrill Lynch hope for some early green shoots to emerge. Holcim announces nine month figures this week despite winter approaching Merrill Lynch analysts hope for some Œgreen shoots¹. Price wars ending in Germany/Philippines/Egypt may not yet be visible in Q3, but weather effects and reduced forex impact help, and the poor cashflow and US performances should begin to turn around. Merrill Lynch expects sales to fall 7.5% to CHF9.18bn. EBIT ... |
Italcementi down10 November 2003, Published under Cement NewsItalcementi has reported its results for the nine months ending 30 September 2003. Sales for the group came in at Euro 3,242m, up 0.5% and slightly below Deutsche Bank forecast of Euro 3,258m. Operating profit declined 6.5% to Euro 519m, due difficulties in the company¹s ability to pass increases in costs on to the customers, in particular in Italy and the USA. Italcementi continues to serve the buoyant North Italy market from its plant network predominately in the south. Exceptional i... |
India ACC Sees Sales +8% In 2H07 November 2003, Published under Cement NewsAssociated Cement Companies, India's second-largest cement maker, expects its sales to grow at twice the industry average in the second half due to strong demand and firm prices, said a senior company executive. "We sold 8% more in the first half compared to the same period last year. This is almost double the industry growth of 4.3%. We will post a similar performance in the second half as well," Nash Italia, president of ACC's finance division, told Dow Jones Newswires in a recent intervi... |
Lafarge North America03 November 2003, Published under Cement NewsTurnover in the first nine months of the year at Cimpor grew by only 1.1% to Eur1,028.2m in spite of the initial inclusion of the Andalusian business acquired from Lafarge at the turn of the year and a full period’s contribution from Natal Portland Cement in South Africa. This reflected notably lower cement volumes on two important markets as well as weaker overseas currencies. The lower volumes in Portugal and Brazil depressed margins and the operating profit at the EBITDA level declined by ... |
Semapa’s profits hit03 November 2003, Published under Cement NewsTurnover at the Semapa group, owner of the second Portuguese cement producer, Secil, fell by 17.6and#37; to Eur319.9m and the operating profit at the EBITDA level dropped by 33.2and#37; to Eur92.3m for the nine months to the end of September. The running profit, that is before exceptional items, goodwill amortisation and tax, showed a fall of 45.7and#37; to and#8364;48.8m. Net debt and financial charges rose as a result of the acquisition of the 41.06and#37; minority stake in Secil from FLS ... |
Cimpor buys Cecime03 November 2003, Published under Cement NewsEurope`s seventh-largest cement maker, Cimpor-Cimentos de Portugal, has acquired 90 per cent in local cement importer Cecime, overtaking another bidder for the purchase, rival company Secil, it was reported on October 7, 2003. The stake in the cement importer was sold by construction firms Mota-Engil, Sopol, Somague, OPCA and individual Filipe Soares Franco for 5.0 mln euro (US$5.9m), according to data of Portuguese business daily Diario Economico. Cimpor declined to comment on the price of ... |
Nyplex to start building Ukraine terminal?03 November 2003, Published under Cement NewsThe UK's Nyplex plans to start constructing a terminal capable of transshipping 6 million tonnes of cement annually at Ukraine`s port of Yuzhny in the Odessa Region next year, the First Deputy Governor of the Odessa Region, Nikolai Tindyuk told Prime-Tass Tuesday. Investments in the project are expected to reach US$36m, he said. `The foreign investor will become the terminal`s operator, exporting cement to the Mediterranean and Western Europe,` Tindyuk added. According to Tindyuk, Nyplex has ... |