Cement News tagged: International
HeidelbergCement sees growth in Eastern Europe and overseas
In first quarter of 2005, HeidelbergCement’s turnover rose by 0.6 per cent to €1355m, but the EBITDA declined by 5.4 per cent to €85m as unfavourable weather across large parts of Europe in March and
Holcim held back by late winter in Europe
The first quarter results from Holcim show group turnover 1.1 per cent lower at SwFr2730m (€1,761m) with the operating profit at the EBITDA level declining by 5.2 per cent to SwFr658m (€425m). Exclud
Demand triggers record cement sales
Last year was a record year for South Africa’s cement industry as it rebounded from the virtually stagnant situation that characterised the 1990s. Demand from the region, which includes South Af
Carib Cement blames wage increase
Caribbean Cement sold 14 per cent more of its products for the first three months of this year than during the comparable period last year, with gross revenue lagging slightly at 11 per cent over the
Cement producers post Q1 results
Chile’s three cement producers Cemento Polpaico, Empresas Melón and Cementos Bío Bío have submitted separate filings to the country’s securities regulator (SVS) reporting first quarter res
Chavez threatens cement firms
Venezuelan President Hugo Chavez threatened cement companies with price regulations if they fail to bring down the prices for their product.
Orascom to double Algeria cement output
Egypt’s Orascom Construction Industries’ (OCI) Algerian subsidiary expects to almost double its cement output by June to meet rising demand, a senior executive said on Monday. "We
Semen Cibinong Q1 net loss up 31 per cent
Indonesia’s PT Semen Cibinong said its first quarter to March net loss widened to 138.94 bln rupiah, up 31 per cent from its net loss of 105.67 bln rupiah a year earlier because of higher operating ex
High interest in Mustehkam Cement
The Pakistan Privatisation Commission has received 38 expressions of interest (EoI) for 85.29 percent share of Mustehkam Cement Limited (MCL). Minister for Privatisation, Dr Abdul Hafeez Shaikh, decla
Russian cement sales
In the first three months of 2005, Russian cement enterprises produced 7.8Mt of cement, up 3.0% year-on-year. In the same quarter, the Eurocement Group produced about 1.9Mt of cement, thus matching it
Cartel Office authorises acquisition of Teutonia, Germany
HeidelbergCement obtained authorisation from the Federal Cartel Office to purchase the majority share in the Lower Saxony cement company Teutonia Zementwerk AG, Hanover.
Increased costs impact Cementos Lima’s Q1, Peru
Peru’s largest cement producer Cementos Lima posted a 23.3mn-sol (US$7.15m) net profit in the first quarter of this year, down 11.7% from 1Q04, the company said.
Cemento Argos Q1 profit jumps 201%, Colombia
Colombia’s largest cement producer Cemento Argos posted a COP130bn (US$55.6m) net profit in the first quarter of this year, up 201% from 1Q04, the company said.
Chumpol to end 13-year reign at Siam Cement, Thailand
Siam Cement president Chumpol NaLamlieng said yesterday he would take early retirement at the end of year, bringing to a close his 13 years at the helm of the country’s largest industrial conglo
7.8Mt of cement produced in 1Q05, Russia
Output of cement in Russia stood at 7.8Mt in January-March 2005, up three per cent from the figure posted in the same period 2004. Eurocement produced about 1.9Mt of cement in the first quarter of 200
Asia Cement to invest US$600m in China Ops
Taiwan’s Asia Cement Corp said it plans to spend over US$600m on building cement plants along the Yangtze River to meet demand in China over the next ten years, the Commercial Times reports.