Cement News tagged under: international
Jaiprakash Associates 2011 outlook, India28 May 2010, Published under Cement NewsJaiprakash Associates (JAL) reported revenues Rs 10,355 crore, up 68% for FY10. The net profit before extraordinaries came in at Rs 1,920.3 crore versus Rs 897 crore, YoY. The company has met its guidance of Rs 10,000 crore revenues in a year. For FY11, it has given a guidance of Rs 16,000 crore in revenue. Commenting on results, Manoj Gaur, Chairman of JP Associates said all segments have registered healthy growth. “The real estate revenues were up 48%.” On the cement business, Gaur be... |
Saudi Yamama Cement boosts Q1 net profit27 May 2010, Published under Cement NewsSaudi cement producer Yamama Cement Company said it registered a 31% year-on-year surge in its net profit for the first quarter of 2010 to SAR165m (EUR 36m) from SAR126m a year ago. The strong increase was attributed to a rise in sales, Yamama Cement said without giving exact figures. The earnings per share (EPS) stood at SAR 1.22, up from SAR 0.93. The gross profit rose to SAR181m from SAR139m. In mid-January, Yamama said it registered an 8% YoY decline in its net profit for 2009 to SAR... |
Pakistan cement sales to improve 11%27 May 2010, Published under Cement NewsWith higher construction activities by the private sector and recovery in economic activities, the total cement despatches in Pakistan are expected to improve by 11 per cent to 34Mt in fiscal year (FY) 2010. However, due to economic stabilisation measures and low development expenditure sales will increase by 5-8 percent next year, Topline Research analyst Furqan Punjani said. A rebound in coal prices and higher electricity cost will keep the cement margins depressed, he said and added... |
PPC improving South Africa’s roads27 May 2010, Published under Cement NewsPretoria Portland Cement (PPC)’s Beestekraal operation has donated 200t of limestone to assist the Brits Department of Road and Transport with the roadwork’s currently taking place on the R511 between Beestekraal and Thabazimibi. The limestone, which is mined at PPC’s Beestekraal operation, will be used to repair the many potholes that have developed along the 80 km stretch of road in recent years. "In the run up to the World Cup, the South African government has made a concerted effort to ... |
Aalborg subsidy likely to illegal27 May 2010, Published under Cement NewsA law designed to give Danish cement producer Aalborg Portland a tax break in lieu of increased environmental charges is expected to be ruled illegal by the EU. Denmark is saving Aalborg Portland around DKK100m by virtue of an annual waste charge exemption, according to the head of the EU’s competition authority. The company has been allowed the break-through legislation passed two years ago exempting cement dust from industrial waste fees. The move was designed to compensate for expen... |
Lafarge raises prices on higher input costs, Philippines27 May 2010, Published under Cement NewsLafarge Cement has raised prices of cement by PHP8 per bag to PHP211/40kg bag of cement from PHP203 on account of high cost of power and coal, which could trigger a start of a series of price increases of cement especially for firms with plants in Mindanao. Trade and Industry Undersecretary for consumer welfare Zenaida C Maglaya told reporters that Lafarge has justified its price adjustment for its Republic cement brand in a letter submitted to her last May 15. Lafarge informed DTI that pr... |
Holcim Germany sees revenue going down 2010, 201127 May 2010, Published under Cement NewsThe German unit of Holcim said it expects revenue to shrink in both 2010 and 2011 in line with the 5% decline expected for the whole industry. Holcim Germany’s revenue fell to EUR 364.4m last year from EUR 366m in 2008. The gross margin went down to 34.4% from 39.2%. Abstracted from an original article in Boersen-Zeitung |
Portuguese group to build cement factory in Angola26 May 2010, Published under Cement NewsPortuguese group Sociedade Lusa de Negócios (SLNI) is to build a cement factory in Angola under the terms of a contract signed Monday in Luanda with the Angolan National Private Investment Agency (ANIP), Angolan news agency Angop reported. The project know as SLN – Fabrica de Cimento e Clinker de Benguela (Benguela Cement and Clinker Factory) represents an investment of US$294m and involves the Angolan Armed Forces Social Security System and other private national investors. The projec... |
German construction demand up 14.9%26 May 2010, Published under Cement NewsAs reported by the German Federal Statistical Office (Destatis), the total price-adjusted value of orders received by building construction and civil and underground engineering enterprises in Germany increased by 14.9 percent in March this year from the same month of the previous year. In March, building construction demand increased by 14.3 percent, while in civil and underground engineering demand increased by 15.6 percent, both on year-on-year basis. |
Tanga optimistic about Rwanda market26 May 2010, Published under Cement NewsTanzania-based Tanga Cement Company (TCC) is positive about the country’s potential due to solid GDP growth and the low inflation rate. The New Times reports that Tanga Cement invested over Rwf200m (US$348,000) to supply cement in Rwanda and that they intend to deliver over 700,000t by the end of the year. The company will sell its SIMBA cement brand in Rwanda. Rwanda currently largely relies on Cimerwa for its cement needs. The country’s largest cement producer, however, imports h... |