Cement News tagged under: international
Buzzi Unicem sees continued pricing pressures14 May 2010, Published under Cement NewsItaly’s No. 2 cement group Buzzi Unicem reported a fall in turnover of 21.7% in the first quarter 2010 to €459.63m as weak demand and adverse weather conditions deeply affected results. EBITDA dropped 64.6% to €13.92m, resulting in a trading loss that jumped from €12.11m to €40.27m. Cement shipments declined 19.6% to 4.4Mt and group ready-mixed concrete deliveries were off by 14.1% to 2.6Mm³. The slowdown in demand resulted in cement pricing pressure in various regions. Group Italian c... |
OCL plant to invest in expansion13 May 2010, Published under Cement NewsOCL India plans to invest INR300 crore to expand its production capacity by 1Mt to 4.8Mt . The company recorded a net profit of INR55 crore during Jan-Mar 2010. The company . |
Lebanon: cement deliveries increase13 May 2010, Published under Cement NewsA recently released report by the Foreign Trade Ministry shows that the total cement deliveries in Lebanon increased by 14% in the first quarter of 2010 compared with the same period last year. Total cement consumption in Lebanon is estimated at 4.2Mta. Cement capacity is 6Mta. Source: Assafir newspaper |
Topkinsky Tsement receives loan for kiln line, Russia13 May 2010, Published under Cement NewsRussian cement producer Topkinsky Tsement has received a RUB1bn loan from Sibirsky Bank, a unit of Russia’s Sberbank, the bank said in a statement on Wednesday. Topkinsky Tsement, a unit of Russian holding Sibirsky Cement, used the funds to finance the construction of a new kiln, which was launched earlier in May. Topkinsky Tsement is located in the Kemerovo Region. |
Buzzi Unicem sees price pressures13 May 2010, Published under Cement NewsItaly’s No. 2 cement group Buzzi Unicem forecast lower 2010 results due to price pressures in its Italian, U.S. and Russian markets, outweighing a recovery in sales volumes. Buzzi, which also operates in Eastern Europe and Mexico, said construction activity may recover strongly from the spring after a harsh winter helped sent its core earnings down 65 percent in the first quarter. "Given an unsatisfactory first quarter, we ... confirm expectations for lower (2010) operating results and net... |
South African cement drivers13 May 2010, Published under Cement NewsIncreased infrastructural spending by the government, numerous planned projects by public corporations, low-cost housing projects, and the revival of residential building construction are factors that are likely to spur the demand for cement in South Africa over the next few years, according to a recent study. Production and Investment Analysis of the South African Cement Industry, finds that the total demand for cement in South Africa was 14.9Mt in 2008 and estimates this to reach 23.1Mt ... |
HeidelbergCement India receives nod for fund raising plan13 May 2010, Published under Cement NewsHeidelberg Cement India has received the shareholders’ approval to raise up to INR1200 crore. The fund will be raised through debt and will be secured against the assets of the company. |
Jaypee cement launches PP bags for cement packaging13 May 2010, Published under Cement NewsJaypee Cement Ltd, the cement division of Jaiprakash Associate Limited, today launched the PP bags for the packaging of cement. The PP bags will change the way cement was packaged and sold in the market so far. Company brand ambassador, cricketer Sachin Tendulkar inaugurated the new packaging system in Zirakpur today. The laminated packaging system of PP bags ensures that the quality of cement remains intact even in the extreme adverse conditions. The environment friendly new packaging syst... |
Holcim to upgrade Lägerdorf, Germany13 May 2010, Published under Cement NewsHolcim is reported to be planning to invest €7m in improving the operation of its plant at Lägerdorf in Germany. The work on installing new environmental technologies to reduce carbon dioxide emissions is due to be completed by next summer. |
HeidelbergCement gets approval to raise funds12 May 2010, Published under Cement NewsHeidelbergCement India announced that its shareholders have approved its plans to raise up to INR12bn. This will be via debt and will be secured against the assets of the company. Heidelberg had sought approval of shareholders for both fund-raising and securing of its loans via a postal ballot, which was passed unanimously. |