Cement News tagged: International
Yanbu Cement Q1 net income up 16 per cent
Yanbu Cement reported its first quarter net income, after Zakah, rose 16 per cent from a year earlier to reach SR 104.9 million ($28m). In 2003, Yanbu Cement delivered 100 percent of its production to
Cement sales up 5.5% in 2003
The Indian cement industry has ended fiscal 2003-04 with a 5.5 per cent rise in despatches at 117.13Mt as against 111.07Mt in fiscal 2002-03.. Production for the year was 117.43Mt, an increase of 5.5
Cement company to absorb extra fuel costs
Jordan Cement Factories Company (JCFC) will not raise cement prices at present as a result of the increase in fuel bills, JCFC Board Chairman Abdul Ilah Khatib said. Khatib made these remarks at a gen
South African cement volumes
South African cement volumes soared by 19.3 per cent y/y in the first quarter 2004 to 2,282,068t, according to data released by the Cement & Concrete Institute (CNCI). There was a 14.3 per cent y/y r
Thai TPI Polene sees Q2 net profit up
TPI Polene PCL, Thailand’s number three cement maker, said on Friday it expected its second-quarter net profit to exceed the 2.3 billion baht ($59 million) posted in the first quarter. Chief ex
US Construction House approves $275bn highway spending bill
Last Friday the House of Representatives voted 357-65 in favour of a $275bn highway and transit bill. The spending bill will now be sent to a House-Senate conference, where negotiations will be carrie
China’s March industrial production grows 19.4%
China’s industrial production growth accelerated in March, suggesting the government may need further measures to cool Asia’s second-largest economy. Factory production grew 19.4 percent
Egyptian Sinai Cement
The net profit of Egyptian cement producer Sinai Cement may exceed 65m Egyptian pounds ($10.5m) in 2004, according to the estimates of French building materials supplier Vicat, which owns a 28.57 per
Malaysia’s Cahya Mata Unit Plans JV
Malaysia’s Cahya Mata Sarawak Bhd (CMS) said it has signed a memorandum of understanding with a Philippines company, Premier Capital Venture Corp, to merge their respective units. The companies
Indonesia still hopes to settle Cemex dispute
The Indonesian government still hopes to settle out of court a dispute with Cemex over Indonesia’s failure to exercise a put option to sell its majority stake in the country’s largest ceme
Construction begins on cement plant
Vietnam: work began on the Hung Vuong Cement Plant in the northern mid-land province of Phu Tho¹s Thanh Ba District on Sunday. The VND1 trillion (US$64m) plant, which was designed to have capacity of
Iskitimcement output falls
Iskitimcement (Novosibirsk Region, Russia) produced 75,000t of cement over 2 months, 6.2 per cent down on year, the sources with the enterprise told AK&M news sources. Iskitimcement made 1.005 mln
Vietnam delays boost for imports
Extensive delays in building cement plants could see Viet Nam continuing to rely on millions of tonnes of imported materials for the next few years, said Tong Van Nga, deputy minister of construction.
Cement surge runs out of steam?
After a strong surge in cement volumes since the beginning of the calendar year, the momentum seems to have slowed down with industry dispatches up by a modest five per cent in March 2004, as against
Circle to Shut Down for Upgrade
Circle Cement Ltd Zimbabwe, is shutting down its plant in June for a major refurbishment programme, chairman Ian Coulter said last week. He said the plant would be shut down for about 50 days during
Egyptian cement drops in February
Egypt’s cement output dropped to 1.976Mt in February 2004 from 2.228Mt in the same month of 2003, the Egyptian state-run Information and Decision Support Center (IDSC) said in a report. Local c