Cement News tagged: International
Mardin Cimento reports 25trn Lira profits
Turkish cement, clinker and ready-mixed concrete producer Mardin Cimento reported a profit of 25 trln lira (US$17.12m/13.35m euro), up from 8.73 trln lira (US$5.98m/4.66m euro). Mardin Cimento, part o
Holcim CEO sees further consolidation in cement sector
Holcim Ltd CEO Markus Akermann predicted a new round of consolidation in the cement industry, spurred by buoyant growth and revived profitability. But Markus Akermann, chief executive, doubted the Swi
Indonesia’s Gresik expects audited results soon
Indonesia’s largest cement maker, PT Semen Gresik, said on Thursday it expected to report its audited consolidated results for 2002 and 2003 by the end of this month, after a key unit finishes i
Siam Cement Group targets customised products
The Concrete Products and Aggregate Co (CPAC), a ready-mixed concrete production unit of the Siam Cement Group, aims to increase its sales of customised products to 15 per cent of total revenues from
Loma Negra assets price considered too high
The sale of the Argentinean cement major Loma Negra, being coordinated by JP Morgan, is not defined yet, and among the prospective buyers are Camargo Correa, Votorantim, and Cimpor, while Cemex and La
Director of Tampico Port dismissed
The Director of Tampico Port, Rafael Meseguer Lima has just been dismissed from his position. Manuel Flores Guerra, an outsider from Tamaulipas State now occupies the position. Leonardo Lozano Margáin
Holcim 3Q Net Profit Up 31 per cent
Holcim said Wednesday that its third quarter net profit rose 31 per cent, propelled by strong demand and cost-cutting measures, and repeated its upbeat full-year outlook. Net profit rose to CHF321 mil
OCI to Build New Cement Plant in Pakistan
Orascom Construction Industries announced that it has finalised negotiations for the acquisition of a 51 per cent stake in Chakwal Cement Company Limited listed on the Karachi Stock Exchange, which ow
Cementos Lima Q3 profits down
Peru’s largest cement producer Cementos Lima has reported that lower sales contributed towards a 13.9 per cent fall in profits for the third quarter to September 30 compared to the same period l
ACC October cement despatches up
Associated Cement Companies (ACC) has reported a 13.8per cent increase in cement despatches for October 2004 at 1.402Mt as compared to 1.232Mt in October 2003. According to a release issued to the BSE
Ghacem to utilise local limestone
Ghana Cement Works (GHACEM) is now using limestone from Yongwa in the Eastern Region to produce cement. This is a new cement standard approved by the Ghana Standards Board which allows the use of loca
Russian cement data
The Russian cement industry continues to improve its perform and output data with latest figures for the first nine months of 2004 showing that 35.2Mt of cement was produced in the period, an increase
Strong 3Q04 earnings from SCCC
Siam City Cement (SCCC) reported strong 3Q04 earnings with a net profit of Bt1,112mn (EPS Bt4.62), up 17 per cent qoq and 58 per cent yoy. The strong rise qoq was the result of an upturn in sales and
Indonesia’s Semen Cibinong reverses
Indonesia’s Semen Cibinong reverses into the red in Jan-Sept on forex loss. PT Semen Cibinong posted a nine months to September net loss of 379.26 bln rupiah, a reversal from a net profit of 241
TPIPL creditors approve restructuring plan
Creditors of TPI Polene Plc overwhelmingly approved changes to the company’s debt restructuring plan, the Bangkok Post reports. The changes will allow TPIPL, the country’s third largest c
Arabian Cement news
Saudi cement producer Arabian Cement Company (ACC) ACC, based in Jeddah, western Saudi Arabia, posted a net profit of 261 mln Saudi riyals ($69.6m) for the first nine months of 2004, up from 160 mln r