Cement News tagged: International
TPI Polene proposes new refinancing terms for US$ 1.1bn debt
Thai cement maker TPI Polene PCL has proposed new refinancing terms for its US$ 1.1bn debt, which will require a plan amendment, a legal adviser to the company’s creditors said. Lersak Kancvalsk
Gresik investment cancelled
Publicly listed cement producer PT Semen Gresik said it has decided to cancel a US$200m expansion plan in eastern Indonesia as the project is not feasible, according to local news reports.
East African Portland Cement appointment
Mr Lerionka Ole Tiampati, the managing director of Kenya Tea Packers, was yesterday named the CEO at East Africa Portland Cement (EAPC) company.
Chia Hsin Cement
Chia Hsin Cement Greater China Holding Corp announced its major operating subsidiary delivered first-quarter 2004 net profit of CNY51.0m – nearly as much as it made in the entire first half of 2003.
Turkish Askale Cimento to export US$7.5m cement to Iran
Turkish cement producer Askale Cimento Fabrikasi in Erzurum, eastern Turkey, has signed an agreement to export cement for US$7.5m to Iran.
Duna-Drava planning HUF5bn development
Cement producer Duna-Drava Cement Kft (DDC) is planning developments at its factory in Beremend (southern Hungary) that could total as much as HUF5bn, the company said. Duna-Drava is owned 50-50% by G
Melón to decide on new plant in September
Chilean cement company Empresas Melón will decide in September whether to build a new cement plant in Region VIII or a limestone plant in Region III, according to Melón finance director Joao Pereira,
Argos to pull out of coal mining
Colombia’s leading cement producer, Grupo Argos, is to withdraw from coal mining as part of a strategic realignment of its core business, La República reported.
Lasselberger concerns
Austrian cement maker Lasselsberger said today it might scrap a plan to build a Kc2.5bn Czech plant unless all Czech cement works enjoy equal conditions.
Lafarge invests further in West China
Lafarge, plans to invest US$40m in southwestern China’s Chongqing Municipality, as part of its efforts to increase investment in the country’s underdeveloped west, which is rich in natural
CRH not to raise Mashav stake
Israeli holding company Clal Industries and Investments Ltd said on Sunday Ireland’s CRH would not buy an additional 25 per cent stake in its subsidiary Mashav after talks ended.
Eurocement produces1.3Mta of cement
JSC Eurocement produced around 1.3Mt of cement in Jan-Mar 2004. The output of packed cement exceeded the 2003 figure by 14 per cent and reached 89,000t . JSC Maltsovsky Portlandcement produced
Cementos Lemona net attributable profit down 41 per cent
Spanish cement producer Cementos Lemona posted a net attributable profit of EUR2.2m in the first quarter of 2004, a 41 per cent YoY decrease, the company reported to Spain’s stock market regulat
Lafarge Titan Egyptian investments buys out Beni Suef Cement
Lafarge and Greek cement producer Titan have bought 100 per cent in Egyptian cement producer Beni Suef Cement through their 50/50 joint venture Lafarge Titan Egyptian Investments Limited (LTEIL).
Cementos de Chihuahua income down, sales up 1Q
Mexican cement company Grupo Cementos de Chihuahua (GCC) reported MXP144m (US$12.7mn) in net income first quarter 2004, a 5.5 per cent slip YoY, while net sales inched up 1.6 per cent to MXP835m, the
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