Cement News tagged: International
Siam Cement to post record 1Q profit
Sharp rises in petrochemical margins and continued growth in cement demand should boost the first quarter net profit of Thailand’s largest industrial conglomerate Siam Cement PCL (SCC.TH) to a r
GACL increasing capacity of captive power to save costs
Gujarat Ambuja Cements (GACL) has embarked on an expansion of captive power capacity at its various plants. In what would be a cost saving exercise, the company has earmarked Rs 225 crore to set up 75
Paraguayan INC needs $70m in investment
Paraguayan state-owned cement company INC needs a $70m (ERU59m) investment in modernisation and doubling its clinker capacity, according to INC president, Amilcar Troche, said. NC will allow private
Indonesia March domestic cement sales up eight per cent
Cement sales in Indonesia grew eight percent to 2.27Mt in March from a year earlier, the country’s largest cement maker, PT Semen Gresik Tbk, said.
Ssangyong reports 52 per cent surge in 1Q profit
Ssangyong Corp. said that its operating profit for the first quarter rose 52.36 per cent YoY to 8.6bn won (US$7.48m) on the back of self-rescue efforts and debt-for-equity swaps by its creditors.
Spanish cement demand rises 4.7 per cent in1Q
Demand for cement in Spain rose 4.7 per cent YoY in the first quarter to 11.4Mt as the construction industry continued to expand, sector association Oficemen said.
Thai Siam City Cement shuts unit after fire
Thailand’s second-biggest cement firm, Siam City Cement PCL said on it had shut one of its three plants after an explosion earlier this week that killed three workers.
Indonesia Semen Gresik 1Q cement sales rise 15 per cent on year
PT Semen Gresik, an Indonesian cement maker, said its total cement sales in the first quarter of this year rose 15 per cent on year to 3.42Mt from 2.98Mt, mostly because of an increase in domestic sal
Florida Rock Industries, Inc announces record second quarter results
Florida Rock Industries, Inc announced record net income of US$24,497,000 for the second quarter of fiscal year 2004 versus $16,300,000 for the same quarter of fiscal 2003.
Cement deficit to threat Russia in several years
Due to lack of production capacities in cement industry, in 2006-2007 Russia may face cement deficit of 2Mt a year, and up to 5-10Mt by 2010.
Lafarge takeover bid for Sicim company
Lafarge Romania, one of the three-largest domestic cement makers, launched on Monday a take-over bid for a 32 per cent stake in Sicim Constanta for 48.1bn lei (about EUR1.2m). Lafarge has already indi
Cement shortage hits construction industry - Qatar
A continuing shortfall in cement supply seems to have put sudden brakes to Qatar’s booming construction industry and the crisis has apparently become more severe as exact estimates of the gap be
Venezuela: sales rebound despite weak construction sector
Venezuela’s cement producers’ association APVC said cement sales for the first quarter have rebounded from last year’s general strike to 851,407t, up 59.9 per cent over the previous
Angola: producers expects to produce over 1Mta
About 1.3Mt of cement per year is the quantity that the New Cimangola will produce with the functioning, from April 2005, of a new mill of cement and the changing of the discharging-berth, for importi
Cypriot Vasilico Cement Posts US$7m net profit 2003
Cypriot cement manufacturer Vasilico Cement posted a net profit of US$7m for 2003 against US$12m for 2002, the company said.
Slovenian Salonit Anhovo doubles 2003 profit on heavy building
Slovenia’s largest cement maker Salonit Anhovo said that its net profit in 2003 surged by 98 per cent on the year to SIT1.19bn (US$6m) on the wave of growing building activity in the country and