Cement News tagged under: international
TPCC reports strong 2009 performance, Tanzania27 April 2010, Published under Cement NewsTanzania Portland Cement (TPCC), also known as Twiga Cement and part of the HeidelbergCement Group, has reported strong financial results for 2009 despite the global economic slowdown. According to a statement released by board chairman, Jean-Marc Junon, shows that the company was one of the few to weather the financial storm. " The Tanzanian economy wasn’t too much affected by the world financial crisis and showed a respectable rate of growth also in 2009. The construction and housi... |
Philippines: clinker-based companies may not get perks26 April 2010, Published under Cement NewsThe Board of Investments (BoI) is rethinking plans to grant incentives this year to clinker-based cement factories, considering instead just securing manufacturer commitments to raise output when supply runs short. Cement companies have been ordered to submit data on their idle capacity to help the agency reach a decision, BoI Managing Head Elmer C. Hernandez told reporters at the sidelines of a car launch last Friday. The BoI earlier said it was considering tax perks for clinker-based cem... |
MoEF gives clearance to Lafarge mining, Bangladesh26 April 2010, Published under Cement NewsThe ministry of forest and environment (MoEF) on Friday gave the greenlight to Lafarge for limestone mining in Meghalaya for its cement plant in Bangladesh. However, the company must meet a series of conditions which would see them paying some Rs100 crore. The forest and environment clearance for the mining, to which as many as 31 conditions were attached, was conveyed to the Supreme Court on Friday by the MoEF through an affidavit filed by standing counsel Haris Beeren. The key conditions... |
Malaysia: cement prices to rise by 10%26 April 2010, Published under Cement NewsThe price of bagged cement is due to rise by 10 per cent to MYR15.50 to MYR16.50 per bag from May 1. Each bag weighs 50kg. Cement manufacturers in Malaysia face higher production costs as world oil prices have been on the rise, the Business Times reports. Earlier this week, Tasek Corp Bhd, announced the 10 per cent retail price increase in a small advertisment. The Master Builders Association of Malaysia (MBAM0 president Ng Kee Leen said: “The cement manufacturers have been wanting to rai... |
Holcim India firms: contrasting results26 April 2010, Published under Cement NewsIndia-based producers ACC Ltd and Ambuja Cements Ltd, both controlled by Holcim Ltd, released contrasting results on Thursday for the quarter ended 31 March. Profits at India’s largest cement maker ACC fell 1.6% from the same period in the previous fiscal to Rs392.87 crore as sales fell due to a shortage of railway wagons to transport the product. Ambuja Cements posted a 38% jump in profit to Rs462 crore, riding on a 7.8% increase in sales from the same period a year ago to Rs1990 crore. ... |
PPC expects half-year earnings to rise, South Africa26 April 2010, Published under Cement NewsPretoria Portland Cement (PPC) on Friday said it expected its earnings a share (EPS) and its headline earnings a share for the first-half of the 2010 financial year to be between 450% and 470% higher than that of the first-half of the previous financial year. The company reminded shareholders that the six months ended March 31, 2009, had included a R487-million International Financial Reporting Standards 2 (IFRS 2) charge related to PPC’s broad-based black economic-empowerment deal. Th... |
Oman Cement Company sales and profits dip26 April 2010, Published under Cement NewsOman Cement Company’s net income rose OMR 7.1m (US $18.4m) for the first three months of 2010 against the end of 2009, although this resulted in a 2.8% reduction in net profits. Gross margins gained 19.2% to 45.1% at the end of this year’s first quarter as compared to 25.8% for the same time period in 2009. A fall in procurement price of imported clinkerwas cited as the cause of the YoY gains, with the decline in sales volumes accountable for the QoQ slip. The company is currently upgradi... |
Jaypee Cement to increase production, India26 April 2010, Published under Cement NewsThe Jaypee group plans to ramp up its cement capacity up to 55Mt by 2015, with an investment of around INR8,000 crore-INR10,000 crore. In addition, it also plans to expand its power capacity by 13,000MW over the next six years. The group plans to increase its cement capacity from the current 22Mt to 35Mt by 2011. Going forward, it plans to further increase capacity to 55Mt by 2015. The Jaypee group has interests in cement, power, engineering, hospitality and townships. The additional cemen... |
Sinoma wins UAE operation and management project26 April 2010, Published under Cement NewsSinoma Equipment & Engineering Corp., Ltd has signed an operation and management contract with Arkan Company in the UAE for a 10000tpd cement production line. Mr. Meng Qinglin, Vice President of Sinoma-ee, and Mr. Abdellatif Sfaxi, CEO of Arkan Company, signed on the contract on behalf of the both parties. Signing of the contract shows that the high quality of Arkan’s new line 10,000tpd cement production line undertaken by Sinoma-ee has been fully endorsed by the owner, the China-based s... |
Lucky and Attock Cement hit by lower exports, Pakistan26 April 2010, Published under Cement NewsThird quarter earnings for Lucky and Attock Cement were down 42 per cent and 15.26 per cent, respectively compared to the same period of the previous year. Cement sales increased solidly last year on the back of increased exports and higher international prices companies were selling at. However, for the current year, the company’s have been set back by lower export sales, and have had to rely on the domestic market, selling their products at lower prices. This corrected the anomaly of las... |