Cement News tagged: International
Saudi Southern Province profits
Saudi cement producer, Southern Province Cement (SPC), posted a net profit of 500.8 mln Saudi riyals (US$133.5m for 2003, up from 482.4 mln riyalsfor 2002, it was reported on January 18, 2004.
Ruhunu Cement - bids for minority stake
The Sri Lankan government Monday invited bids for its 15 per cent stake in Ruhunu Cement as part of its 2004 privatization program. Bids should be submitted by Jan. 30, the Public Enterprises Reform
SCCC`s new acquisition in India?
According to Business Day, India, Siam City Cement Plc is set to announce a new acquisition in India by the end of this month that would rival the deal it had hoped to announce when it was in the proc
Aussi builders brace for leaner years
The big four -- Boral Ltd, CSR Ltd, James Hardie Ltd and Rinker Group Ltd -- all rode the highs of Australia`s housing boom with record levels of activity and substantial profit increases. But 2004 is
ACC looks at finance options
Associated Cement Companies, India, is planning to raise about Rs300 crore to part finance its capital expenditure programme, which has been revised upwards following the acquisition of Idcol Cements
Usje workers demand dividends
The court in Macedonian capital Skopje is to rule shortly on a claim of workers of the local Usje cement plan, owned by a Greek-Swiss joint venture of cement producers Titan Cement and Holcim, that th
Loma Negra resumes investments
Argentine cement maker Loma Negra plans to resume investments in 2004 and forecast a sales increase of 8.0 per cent year-on-year, the company said on January 16, 2004.
Gujarat Ambuja net profits
Gujarat Ambuja Cements Ltd, India`s fourth largest cement maker, reported a 1.3 per cent drop in quarterly profit on Friday as a result of sluggish prices in its key market. The company, which has abo
Holcim increases stake in Alpha
Holcim invested in Russia`s opening cement sector as early as 1994, acquiring a minority shareholding in Moscow-domiciled Alpha CementJSC. Through the purchase of additional share packages, which ha
Gujarat Ambuja Q2 net drops
Gujarat Ambuja Cements Ltd, India`s fourth largest cement maker, reported a 1.3 percent drop in quarterly profit on Friday as a result of sluggish prices in its key market. The company, which has abo
Dalmacijacement shipments
Croatian shipping company Splitska Plovidba will transport 800,000t of cement of local cement maker Dalmacijacement - RMC Group in 2004, compared to 630,000t of cement in 2003. The management
Taiheiyo cash flow surplus
Taiheiyo Cement Corp expects to report a positive free cash flow of 76.9 billion yen on a consolidated basis for the year ending March 31, up 26 per cent from fiscal 2002. The surplus would be the
East African Portland problems
The Kenyan High Court has stopped the East African Portland Cement from meddling in a cement distribution contract. Commercial Court Judge Mohammed Ibrahim on Tesday issued a temporary
Good growth in Mexico
Mexico`s cement industry will register between 4-5 per cent growth for 2003 based on increased demand from housing and public infrastructure projects, industry analysts and company officials were quot
Tabuk Cement to raise output
Saudi cement producer, Tabuk Cement Company, will raise its daily cement output to 5700t, it was reported on January 14, 2004.
South African cement sales
Cement volumes rose by 13.9 per cent y/y in December to 671,525t after increasing by only 6.8 per cent y/y in November to 875,285t and compared with a 5.9 per cent y/y gain to 6.642Mt in the first nin