Cement News tagged: International
Cemento Polpaico profits on reduced costs, Chile
Chile’s Cemento Polpaico posted a COP14.888bn (US$25.2m) consolidated net profit in 2004, up 45.3% from the previous year, the cement maker reported to the country’s securities regulator (
Government launches INC audit consultancy
The central public investment unit of Paraguay’s finance ministry has launched bidding for a consultancy to audit state cement company Industria Nacional del Cemento (INC), the unit said.
Combined cement sales at US$1.307bn, Saudi Arabia
The combined sales of Saudi Arabia’s eight cement companies rose to SAR4.9bn (US$1.307bn) in 2004 from SAR4.5bn (US$987m) in 2003.
Cement sales slow down in February, India
Cement despatches have slowed down in February on account of low sales in north India.
Ciments Francais aims to buy out Suez Cement, Egypt
French cement producer and distributor Ciments Francais, a subsidiary of Italian cement producer and distributor Italcementi SpA, aims to buy the remaining 60 per cent in Egyptian
Cement industry to see an upswing, India
The Indian cement industry is expected to find further appreciation of its current margins in the coming days due to the deepening of the imminent supply-demand gap on account of infrastructure and ho
Turkey cement producers see Iraq exports pressured
Turkish cement exports to Iraq hit a record 2Mt in 2004 but could fall this year due to growing price competition and increasing security problems there, the Turkish cement association said.
Eurocement January output, Russia
In January 2005, Eurocement Group produced 590,000t of cement, a 34 per cent YoY boost. Packaged cement accounted for about 32,000t, an 11 per cent YoY increment.
Cementos Lemona EUR16.9m profit, Spain
Spanish cement maker Cementos Lemona posted a net attributable profit of EUR16.9m for 2004, a 5.7 per cent YoY decrease, the company said. Gross operating profit decreased
Cementos del Valle Posts US$41.3m net profit, Colombia
Colombian cement maker Cementos del Valle posted a net profit of 95.991 bln Colombian pesos (US$41.3m) for 2004, up seven per cent YoY.
Cementos Molins posts EUR 83.1m profit, Spain
Spanish cement maker Cementos Molins posted a net attributable profit of EUR83.1m for 2004, a 7.6 per cent YoY decrease, the company said. The decrease was attributed to the
Holcim FY results in-line, bullish for 2005
Holcim Ltd posted a 33.2 perc ent rise in 2004 net profit, in line with market consensus, raised its dividend by Swf0.10 to Swf1.25 per share and forecast further improvements in
Cemex seals RMC Group acquisition
Cemex, the world’s third-largest cement manufacturer, yesterday completed its Dollars 4.1bn acquisition of RMC Group of the UK after gaining approvals in the US, the European Union and Mexico.
Mykolaivtsement increases output
In 2004 the Mykolaivtsement company (Mykolaiv, Lviv region), increased cement output by 38.95 per cent. Andrii Postolovskyi, company’s marketing director, told local reporters.
Pakistani producer moves ahead
Lucky Cement Ltd has announced a profit before tax of Rs. 566.517 Million for the Half Year Ended on 31st December, 2004 as against the profit before tax of Rs. 414.195 Million
Bamburi Drops supplier to reduce costs
Hundreds of jobs in the Kenyan paper sector may be lost, after a leading cement company decided to import bags for its products. The move by Bamburi Cement Company is a major consumer of locally-manu