Eurocement increases production
In January 2004, the Eurocement holding company produced more than 320,000t of cement, a 18 per cent year-on-year rise. Packed cement production increased by 25 per cent year-o...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Mexican prices to rise
Mexico’s two major cement makers Cemex and Apasco raised prices this week by 5 to 6 per cent, eliminating discounts from last year to compensate for higher costs, sources ...
Kuwait Cement profit rise
Kuwait Cement Co posted a net 2003 profit of 19.56 million Kuwaiti dinars (US$66.5m) on Sunday, up 69 per cent from the 11.6 million dinars earned in 2002.
DTI orders price cut
The Department of Trade abnd Industry (DTI) has warned cement manufacturers in Cebu to price their products more reasonably or face intervention by the agency. DTI Secretary Ce...
New plant for Padang?
PT Semen Padang, the West Sumatra unit of the country’s largest cement maker PT Semen Gresik, plans to construct a new cement plant, starting next year, to meet future ris...
RMC: uncertain prospects remain
Deutsche Bank analysts have downgraded RMC to a sell, price target 600p. While the appointment of new management and a turnaround in the troubled UK business have sparked a re-r...
Algerian import costs
Cement imports into Algeria cost a reported US6.7m according to Algerian customs data. For the whole of 2003 cement imports cost US$156.85m.
Vietnam cement opportunities
Foreign investors will find Vietnam’s two important industries, cement and electricity, more attractive since the country’s ministries will, this year, propose the g...
Nghi Son Cement targets higher revenues
Hanoi: Nghi Son Cement Corporation in central Thanh Hoa province has worked out this year’s plan to record US$94m in sales revenues and net profit of US$12m, spend US $28m...
Minister is named in Sh1.3b cement scam
Kenya: Cabinet minister Mukhisa Kituyi was yesterday implicated in a scandal which cost a parastatal Sh1.3 billion (approx US$16.8m) in illegal discounts and transport rebates. ...
Cement Distributors dissatisfied
Members of the Western Regional Branch of the Ghana Cement Distributors Association have expressed their concern at the frequent increases in the factory price of cement by GHAC...
Spanish Cementos Portland
Cementos Portland, a subsidiary of Spanish construction and services company Fomento de Construcciones y Contratas, posted a net attributable profit of 148.5 mln euro in 2003, a...
Argos interested in Panama growth
Colombia’s Cementos Argos is considering the possibility of asking its co-owner in Cementos Panama, leading world cement producer Holcim, to sell it its 50 per cent stake,...
Cypriot Vasillico Cement sells
Cypriot cement manufacturer Vasilico Cement reported sales of 1,266,000t of cement and clinker for 2003, up from 1,223,000t for 2002, the company’s unaudited financial res...
Ash Grove tyre burn plan
Louisville, Nebraska: Ash Grove Cement plans to burn tyres to fuel its plant has gained support around downtown, despite efforts to stop the project by an environmental group. ...
Fortune Cement to expand
Publicly listed Fortune Cement Corp is investing P800 million to expand capacity at its Philippine Batangas facility in order to meet increasing demand. The expansion would inc...
Boral extends takeover bid
Boral has extended the offer by a month to April 8, 2004 as it seeks approval from the Australian Competition and Consumer Commission (ACCC). "Boral yesterday received a formal...
Titan’s profits advance in spite of adverse exchange rate movements
Titan Cement Company reported an unchanged turnover of EUR1,035.7m in respect of 2003 compared with EUR1036.1m in 2002, but ignoring the adverse exchange rate impact, the turnov...
Lafarge’s running profit falls by 8.1% in 2003
The operating profit at the EBITDA level last year declined by 9.1% to EUR2,820m on a turnover 6.5% lower at EUR13,658m, before adjusting for exchange rates and changes to the s...
New orders for FLSmidth in Saudi Arabia
FLSmidth has signed a contract worth €40m for major machinery and equipment supplies for a new cement production line being built by Qassim Cement Company 300km north of the Sau...
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