Cement News tagged: International
Ciments du Maroc profits at $92.8m
Moroccan cement company Ciments du Maroc saw its operating profit rise by more than 32 per cent year-on-year in 2003 to reach 827 mln Moroccan dirhams (US$92.8) the company’s chairman and managi
Lafarge To Acquire Hupfer Holding
Lafarge has signed an agreement with the Haniel Group for the acquisition of Hupfer Holding, a major aggregates and ready-mix concrete producer in the East and the Center of France and in the area of
Indocement reports slump in 2003 net profit
Indonesia’s second largest cement maker PT Indocement Tunggal Prakarsa reported a net profit of Rp670 billion (US$78.8m) in 2003, down from Rp11,041 billion in the previous year. Its net income
Cement production records double digit growth in February
The Cement Manufacturers’ Association (CMA) announced that domestic cement output recorded 10.84 per cent growth to 10.33Mt in Feb 2004. Cement despatches were higher by 10.75 per cent to 10.3Mt
HeidelbergCement to pay Euro 1.15 dividend
The supervisory board of German cement concern HeidelbergCement approved a proposal for a 1.15 euro ($1.42) per share dividend payment for 2003 after waiving dividends for 2002, the company reported o
TPI Polene plans to sell more bonds
Thailand’s number three cement maker, TPI Polene PCL, said on Wednesday it is considering a plan to sell US$650m of bonds to refinance existing debts. The bond issue would be a substitute for l
Sales in Peru
Domestic sales of cement in Peru grew by 5.3 per cent in February, to a total volume of 320,283t, according to the industry association, Asocem (Asociacion de Productores de Cemento). The organization
North Korea stunted by power shortages
A North Korean government report to parliament in Pyongyang indicates that the communist state is still suffering from acute power shortages as it claws its way back from economic ruin, analysts said.
Cletec Japan to offer bridge repairs using German method
Cletec Japan Inc. plans to begin accepting orders for bridge repairs using a German company’s cement technology that is said to be twice as fast and twice as strong as conventional methods. The
Spasskcement moving ahead
Russian Far East’s largest cement producer SpasskCement plans to build up production to 1.2Mt by 2007. "According to forecasts for the national construction sector, annual demand for cement may
Tsesla Cement factory investments
HeidelbergCement is planning to invest US$100m into further construction of the open joint-stock company "Slavjansii Cement Factory Tsesla" located close to St Petersburg. The Tsesla factory produces
Cementos Bio-Bio wants to lead
Cementos Bio-Bio, the Chilean cement producer, is planning to reorganize its three business units under a holding company structure in an attempt to lead the domestic construction material market. If
Chilanga swells profits
Chilanga Cement Plc made an after tax profit of K47.2 billion in 2003 compared to K31 billion in the preceding period to register a profit margin increase of K16.2 billion. According to its 2003 annu
China output rises - again
China produced 57Mt of cement in January 2004 and claims that total output was at a record level of 813Mt for the whole of 2003, according to state-produced statistics.
Egyptian Cement Co output stats
The Egyptian Cement Company (ECC), a subsidiary of construction group Orascom Construction Industries (OCI), produced a total 6.4Mt of clinker in 2003, the company’s board said in its annual rep
US housing statistics
US housing starts in February were at a seasonally adjusted rate of 1,855,000 4.0 per cent below the revised estimate for January 2004 of 1,932,000, but 13.1 per cent above the February 2003 estimate