Cement News tagged: International
New capacities in South may dampen prices, India
Cement prices in the South may come under pressure with 12.3Mt of additional capacity scheduled to go on-stream by 2009-end,
Lafarge WAPCO posts N12.1bn net profit in 2008
Lafarge Cement, WAPCO Nigeria Plc., Wednesday declared a N12.1bn profit after tax for the year 2008 representing an increase of 15 per cent over that of 2007
Ireland’s CRH gets 94 per cent rights issue acceptances
CRH said on Thursday that around 94 per cent of eligible shareholders have accepted the company’s 2-for-7 rights issue offer.
Cementir’s pre-tax profit halved
Cementir’s turnover declined by 4.8% in 2008 to €1,092.2m, with the EBITDA falling by 23.7% to €209.2m.
US Cement shipments down 31% in January
US Geological Survey preliminary data for January 2009 cement shipments were released on the 18 March
QNCC lifts output to meet local need
Qatar National Cement Company (QNCC) has boosted production of cement in line with its policy of
Cement firms pin hopes on reconstruction
Hard-pressed by fierce competition from hundreds of small producers in central China and the prosperous coastal regions,
Spain and Turkey depress Cimpor ’s results
Helped by the initial consolidation of India and an additional six months from China, Cimpor’s turnover advanced by 6.2% last year to €2,088.9m, though the EBITDA was off by 3.4% to €586.3m.
Cement demand to fall for first time in 25 years
Lafarge is forecasting a contraction in demand for cement globally this year – the first in 25 years – due to the global financial crisis and economic slowdown.
Dyckerhoff plans investments in Ukrainian unit
Dyckerhoff plans to invest EUR 300m (US$88.6m) in the upgrade of its Ukrainian plant Volyn Cement in the town of Zdolbuniv in the western Rivne region, the town’s authorities said on Tuesday.
Indonesia’s demand seen steady on govt projects
Indonesia’s plans to spend on infrastructure projects as part of a US$6bn fiscal stimulus package will help support domestic demand for cement
Warm weather ushers in brisk cement sales, China
The price of cement in China has begun to rebound and is expected to move up further after March, thanks to favourable warm weather conditions for construction work.
Jidong Cement to invest in Hebei cement projects
Shenzhen-listed Tangshan Jidong Cement Co Ltd signed a project agreement with the local government
ACC says India cement sector may see consolidation
ACC Ltd expect there could be a round of industry consolidation if slowing demand and excess capacity push cement prices down, a
HeidelbergCement plans 91% dividend cut as net profit drops
HeidelbergCement plans to slash its 2008 dividend by 91 per cent as net profit last year dropped and the financial market crisis eats into reserves.
Holcim Romania temporarily lays off 60 workers
Holcim Romania has temporarily laid off nearly 60 workers from seven operating locations up north and in Bucharest