Cement News tagged under: international
Strong Brazilian market boosts Cimpor11 May 2010, Published under Cement NewsThe first quarter report from Cimpor shows turnover 0.5% lower at €479.4m while the EBITDA declined by 8.7% to €123.5m. The strong growth in Brazil went a long way to reduce the impact of the weakness in some other major markets. Turnover in Portugal was down by 4.8% to €101.8m and the EBITDA declined by 19.9% to €26.2%, in spite of volumes being helped by increased clinker shipments to the group’s Egyptian operations. Spain continued its downward trend in a market that was off by a fif... |
Indocement plans US$100m capex as boosts capacity11 May 2010, Published under Cement NewsIndonesia’s second-largest cement maker, PT Indocement Tunggal Perkasa, said on Tuesday it plans capital expenditure of US$100m in 2010 and expects to lift production capacity by 20 per cent by 2012. Indocement plans to lift production capacity from 17.1Mt at the end of 2009 to 20.6Mt by 2012 as new mills come on-stream. The expansion comes on the back of strong domestic demand as leading producers operate at close to full capacity. "The company earmarked US$100m for capital expenditure ... |
My Home Industries launches brand across AP, India10 May 2010, Published under Cement NewsThe Andhra Pradesh-based My Home Industries Friday launched its premium cement brand Maha Shakthi in the state. The launch ceremony was attended by a group of distributors in the state as well as other invited guests. Addressing media, Rao Jupally said the brand has been available in a limited area in the state for over 18 months now and has achieved 74,000t of sales. The company has now launched the product across the state. My Home Industries is a joint venture between My Home Group and... |
PCA recognises cement terminals’ safety records10 May 2010, Published under Cement NewsOn April 27, the Portland Cement Association (PCA) recognized ten cement distribution terminals with the best safety records in North America at PCA’s Spring Meeting in Chicago. For U.S. operations, three categories with three winners each achieved this prestigious award. The terminals honoured were: Lafarge North America Inc., Pittsburgh, Pa.– Less than 5000 employee hours St. Marys Cement Inc. (US)/VNCA, Toledo, Ohio – Less than 5000 employee hours Essroc Cement Corp., Palmer, Mass.– Les... |
India Cements seeks mine lease10 May 2010, Published under Cement NewsIndia Cement is seeking mining leases in Madhya Pradesh, Chattisgarh and Rajasthan to meet coal requirements as it looks to expand beyond the south. The company expects to raise capacity to over 20Mt in the next four years from its present capacity of 13.4Mt, according to TS Ragupathy, executive president. “As our next five year plan, we are looking at increasing capacity in line with the industry expansion. We are possibly looking at more than 20Mt in the next 3-4 years.” Installed capaci... |
Nigeria: cement production to hit 1.3Mt in 201010 May 2010, Published under Cement NewsDomestic production in Nigeria is expected to increase to around 13Mt at the end of this year, chairman of the Cement Manufacturers Association of Nigeria Engr Joseph Makoju said. Speaking to local press, he said last year’s production totalled about 7-8Mt. “Last year, total local production came to as 7-8Mt. This year it will be about 4-5Mt higher, representing a 50 per cent increase.” He added that in order for Nigeria to become a cement producing nation that will meet local demand, the ... |
Italcementi sees continued short term price pressures10 May 2010, Published under Cement NewsItalcementi’s first quarter turnover was off by 10.7% to €1,072.5m, while the running EBITDA fell by 28.2% to €135.7m and the trading profit dropped by 63.0% to €23.9m. At the pre-tax level, there was a swing from a €36.9m profit into a €12.3m loss and the net loss widened from €12.7m to €37.5m. The net debt at the end of March was reduced by 12.2% to €2,360.7m to give a gearing level of 48.5%, down from 57.8% a year earlier. The sale of emission rights yielded €3m in the quarter and furt... |
Australia’s PSH to supply Adelaide Brighton10 May 2010, Published under Cement NewsAustralian materials producer Penrice Soda Holdings Ltd says a new multi-million dollar limestone supply contract with the cement division of Adelaide Brighton will boost its earnings. The contract extends supply arrangements between Penrice and Adelaide Brighton until the end of 2014, Penrice said in a statement on Monday. "The new contract is expected to generate increased earnings for Penrice and is also expected to exceed the company’s minimum return on net assets benchmark rate of 15 p... |
UP cement market pegged at 22Mt10 May 2010, Published under Cement NewsThe annual cement market in Uttar Pradesh, India, has been pegged at about 22Mt thanks to a large number of infrastructure and housing projects underway, both at the institutional and retail level. However, almost 75 per cent of local demand in the state is met with imports especially from Rajasthan and Madhya Pradesh, since the total capacity of cement units in UP is only about 6Mt. The cement demand-supply mismatch in UP is likely to continue in the near future as the demand for cement w... |
Gulf to scrap duties on steel, cement10 May 2010, Published under Cement NewsThe Gulf Cooperation Council (GCC) finance ministers have agreed to recommend that all customs duties be scrapped on reinforced iron bars and cement in trade between member countries, GCC Secretary General Abdul Rahman Bin Hamad Al-Attiyah said on Saturday. Speaking to the media, Al-Attiyah said the GCC finance ministers agreed unanimously that there should be no duties on these commodities between member states. The agreement has been included in the recommendations of the GCC finance m... |