Cement News tagged under: international
Lucky Cement’s margin increases 38%, Pakistan02 June 2010, Published under Cement NewsLucky Cement’s margin has increased 38 per cent to PKR43/50kg bag on yearly basis because of power cost saving, said KASB Securities analyst Farrah Marwat in her research report. Earnings of Lucky Cement, the country’s largest cement producer, will increase 15 per cent in fiscal year 2011. “This is expected to further cement Lucky’s sector leadership while bringing down, already lowest-in-peers, production cost a notch. The company plans to save a further five to six megawatts via power pl... |
March shipments see YoY increase – USGS report02 June 2010, Published under Cement NewsAccording to data released by the US Geological Survey (USGS) total shipments of Portland and blended cement in the United States and Puerto Rico for March 2010 were about 5.4Mt. At almost 2% higher than shipments in March 2009, this was the first monthly YoY increase since May 2007. The increase, however, likely reflected a significant component of catch-up work following the exceptionally low shipments in February. Year-to-date shipments were about 12.2 Mt, down by almost 15% from the sa... |
Brazil monthly sales up 20.6 per cent YoY02 June 2010, Published under Cement NewsPreliminary results released by the industry and market estimates indicate that cement sales in Brazil for March 2010 reached 5.1Mt – up 20.6 per cent over the same month last year. In the quarter January-March 2010, 13.6Mt of cement were sold, translating into a YoY rise of 15.7 per cent compared to the same quarter in 2009. Cumulative sales over the last 12 months (April 2009 to March 2010) reached 53.1Mt showing an increase of 3.2 per cent over the previous period (April 2008 – March 2... |
Monsoon, excess supply may shrink cement cos’ margins 9%01 June 2010, Published under Cement NewsIndian cement manufacturers’ margins will fall 6-9% in June-September due to the combined effect of oversupply and a dip in demand in monsoon. Margins are likely to be at 26-27% in the July-September quarter, against 32-36% last year, company executives and sector analysts told ET. Large companies with a pan-India presence recorded a 31% margin in the January-March quarter, which rose to 33% in April-May due to a price increase across regions. “Lower cement prices and higher input costs ... |
Martinsburg plant to hold open day, USA01 June 2010, Published under Cement NewsAn investment of more than US$500m will be celebrated June 5 at Essroc’s new cement production facilities near Martinsburg. An open house will give the public the opportunity to take bus tours of the plant Essroc spokesman Marco Barbesta said Wednesday. A dedication ceremony is scheduled to be held at 10:30 a.m. that day. “From the 1800s (until now), this is the best its ever been,” plant manager Paul Biel said of the former Capitol Cement Corp. plant. “For me, it’s... |
GCC cement producers’ 1Q income up 19%01 June 2010, Published under Cement NewsGulf cement producers boosted their net income by more than 19 per cent in the first quarter of 2010 although the value of awarded construction contracts dived by over 70 per cent. Figures by the Kuwaiti-based Global Investment House (GIH) showed the net earnings of the cement companies in the six-nation Gulf Co-operation Council (GCC) grew by 19.1 per cent to around US$421.49m (Dh1.54bn) in the first quarter of this year from about US$353.9m in the first quarter of 2009. GIH said the prof... |
Dalmia Cement net rises 14 per cent01 June 2010, Published under Cement NewsIndian cement maker Dalmia Cement (Bharat) last week said its consolidated net profit grew 14.17 per cent to Rs 132.51 crore (US$28.7m) in the year ended March 31, 2010. The company had a consolidated net profit of Rs 116.06 crore in the last fiscal, Dalmia Cement (Bharat) said in a filing with the Bombay Stock Exchange. Consolidated total income increased to Rs 2,194.09 crore in the year under review from Rs 1,780.64 crore in the 12 month period last year. For the year ended March 31, 20... |
JK Cement receives nod for expansion, India01 June 2010, Published under Cement NewsJK Cement has informed that the board of directors of the company at its meeting held on May 29, 2010 has approved the expansion at its existing grey cement site with capacity of 2.2Mt. The board has also approved an additional 1.8Mt capacity grinding facility at split location at a site in North India. |
ACC plans Maharashtra cement plant, India01 June 2010, Published under Cement NewsIndia’s ACC Ltd, a until of Holcim said Monday it is investing INR15bn to set up a 3Mta capacity cement plant in western India. ACC expects to complete the project at Chandrapur in Maharashtra by the third quarter this year. "We are also setting up a new captive power plant of 25MW capacity to cater to the project’s power requirement," Sumit Banerjee, ACC’s managing director, said in a statement. "The project is expected to contribute significantly in servicing the growing market and stre... |
Growth of Philippine cement sales to slow01 June 2010, Published under Cement NewsCement sales growth in the Philippines this year will likely slow as demand boosts due to repairs in the wake of storms in 2009 and front-loaded state infrastructure projects ahead of the March 26-May 10 election ban taper off, an industry official yesterday said. Sales will likely increase by 4%-6% this year versus the faster 10% growth posted in 2009, Cement Manufacturers Association of the Philippines (CeMAP) President Ernesto M. Ordoñez told reporters. This means the industry could sel... |