Cement News tagged: International
Holcim increases its Chinese stake
Holcim , the world’s second-largest cement maker, has increased its stake in Chinese cement maker Huaxin Cement Co. Ltd. , the Chinese company said on Tuesday. Holcim B.V. had bought an additio
European majors remain optimistic
European building materials producers Lafarge, Holcim and HeidelbergCement have reiterated their growth forecasts for 2005 despite the expected four per cent year-on-year decrease in demand in the sec
PPC reports 25 per cent growth in operating profits
Continued growth in domestic cement volumes and improved operational efficiencies helped Pretoria Portland Cement Company Ltd (PPC) post a 25% growth in operating profit to R646.9-million in the six m
Solid volumes with accelerating prices in Thailand
Domestic cement sales hit a post-crisis record at 3.1Mt (+22% YoY) in March. 1Q05 cement sales were strong at 8.4Mt, up 18% YoY and 22% QoQ. Strong cement sales are attributed to continued constructio
Italcementi and Arabian Cement
Italcementi SpA said its previous full year forecast for an operating profit in line with 2004’s Euro 788.5m, as stated under international accounting standards, now looks ’more difficult&
Holcim directors join ACC board
Two senior directors of Swiss cement giant Holcim have joined the ACC board, India’s second largest cement maker, on Friday following the acquisition of 34.7 per cent stake in ACC by Holcim. Markus Ak
SGI banking on new gypsum board
Siam Gypsum Industry (Saraburi) Co Ltd hopes the introduction of its new gypsum board will boost sales by nearly 10 per cent this year. The company expects to record sales of Bt3.27 billion in 2005,
India’s ACC to boost capacity to 20.6Mt
Associated Cement Companies Ltd. (ACC) , India’s No. 2 cement maker, said on Friday its capacity would grow to 20.6Mtaq from 16.5Mta after modernisation and consolidation. The
Poor Q1 for Ciments Francais
In the first quarter of 2005, the French cement producer Ciments Francais saw its turnover remain stable year-on-year, while its operating profit dropped 10 per cent, to Euro 73m, with
Italcementi forms joint venture with Arabian Cement Company
Italcementi’s first quarter results were hit by the adverse March weather in Europe and turnover declined by 1.6% to EUR 990.2m, with the EBITDA falling by 14.2% to EUR 166.5m. Exception for Belgium,
New foreign-invested plant to start operation in northern Vietnam
The Taiwanese-bankrolled US$265m Phuc Son Cement Factory in Hai Duong province, about 50km south of Hanoi, is said to have officially begun operations on May 5 following years of delays since constru
Egyptian Gazelle Ltd Co acquires 20.63% in South Valley Cement
Egypt’s private company Gazelle Ltd Company has acquired a 20.63 per cent stake of the local cement company South Valley Cement, the Cairo and Alexandria Stock Exchanges said in a statement.
Manufacturers reeling from power tariff hike, Uganda
Recent power tariff increases coupled with unreliable supply may deal heavy industry a body blow, making them more uncompetitive compared to their regional rivals, industry sources have said.
JCL output capacity badly affected by grinding plant breakdown
Breakdown of a grinding plant at the Javedan Cement last week has adversely affected its production capacity and has brought it down from 2000/1800tpd to about 850/900tpd.
Lucky Cement installs crusher, pre-heater at new unit
The Lucky Cement on Wednesday started the work to install crusher and pre-heater at its new factory on Super Highway, while the civil work has already got underway. The civil work
CRH now ’better positioned’ to handle €0m oil burden
CRH believes it is better positioned now to deal with the continuing high oil price, which added some €50m to its cost base in 2004.