Cement News tagged: International
Saudi Southern Province cement H1 2005 net profit at $86.2m
Saudi cement producer Southern Province Cement (SPC) posted a net profit of SAR323.1m (US$86.2m) for the first half of 2005, up 14.1% YoY. Gross profit grew 13.4% YoY to SAR333.4m (US$88.9m) for Janua
All my ex’s live in Texas
Following the spinning off of Chaparral Steel Company to its shareholders, Texas Industries is left with its cement operations in Texas and California and aggregates businesses in Texas and Louisiana
Cementos Andinos sues Cemex, Argos, Holcim
The three biggest cement companies operating in Colombia - Cemex, Argos and Holcim - have been sued by a small competitor, Cementos Andinos, for alleged unfair competition, newspaper El Universal repo
Lafarge pays fine levied by Competition Council
Cement producer Lafarge Romcim SA has notified the Competition Council of the payment of 377,237,432,195 ROL (one euro sells for 35,905 ROL) in fine levied under resolution no.94/2005, the Competition
Adelaide Brighton improved profits likely
Adelaide Brighton is on track for a small lift in annual profit as strong demand for cement from an active resources sector offsets a downturn in the New South Wales residential construction market. T
Shree Cement to expand
Bangur group-owned Shree Cement Ltd is planning to expand its production capacity to 10Mt by 2010 from 3Mt at present. The company is setting up a new cement plant of 1.2Mt at Pali in Rajasthan, which
Boral’s margins hit by weaker Australian demand
The weakness in the New South Wales market had a dampening effect on Boral’s overall results for the year to the end of June. Group turnover rose by 3.5 per cent to Aus$4,297m (US$3,241m) and t
Oskolcement produces 1.7Mt
Oskolcement (member of Eurocement Group) produced 1.7Mt of cement in 7M2005, up one per cent y-o-y, the press service of Eurocement has reported.
Lafarge Saudi JV
A French/Saudi joint venture was recently established in view of building a new plaster plant in the Kingdom. The partners in the planned undertaking and their respective shareholdings include Lafarge
Oman expansion outlined
Oman Cement which currently operates with an installed production capacity of 1.6Mta saw its production output decline to 405,267t during the first three months of 2005 from 412,260t a year ago, promp
Quinn sets up €200m Welsh factory
Sean Quinn is to splash out almost €200 million to set up a new radiator facility in Wales that will employ 460 people. The Welsh local administration said yesterday it had sold a disused
Growth outlook for key Korean industries
The South Korean government on Wednesday cast a rosy outlook for the nation’s major industries, saying solid gains in exports and domestic demand will boost their growth in the second half. The
New cement plant for Namibia
Ardea Investment, an initiative undertaken by Namibians and their Brazilian business partners Carlos Alberto Ribeira, are set to construct a modern cement plant in the village of Cleveland some 5km no
Holcim may merge ACC with Ambuja Cement Eastern
Holcim is reported to have indicated to the Securities and Exchange Board of India (Sebi) that it is weighing the option of merging ACC — in which it owns 34.7 per cent through majority-held Ambuja Ce
Cement shortage hits hard in Montana
Montana contractors are apparently feeling the squeeze from high - and rising - cement prices and a worsening nationwide cement shortage. "It’s not only the cost. It’s the availability. S
Cement makers working close to full capacity
After almost a decade of overcapacity, Indian cement manufacturers are now witnessing full capacity utilisation at their manufacturing facilities, thanks to the booming Indian economy. Some of the maj