Cement News tagged under: international
East African Portland climbs most in three weeks on profit01 March 2010, Published under Cement NewsEast African Portland Cement Co., Kenya’s second-biggest cement maker, headed for its highest close in almost three weeks after reporting a first-half profit compared with a loss a year ago and saying second-half sales will improve. The stock jumped 5 shillings, or 6.3 percent, to 85 shillings as of 10:58 a.m. in Nairobi. The company posted net income of 630.1 million shillings ($8.19 million) for the six months through December compared to a loss of 391.91 million shillings a year earlier... |
Sinai Cement net profit rises, Egypt01 March 2010, Published under Cement NewsEgypt’s Sinai Cement said consolidated net profit rose 62 per cent in 2009 to E£671.5m, the Egyptian stock exchange reported on Sunday. The firm last year reported net profit of E£414.1m for 2008. The stock exchange gave no other details on the company’s consolidated results. |
Oman Cement’s new clinker line to come on-stream in 1Q1001 March 2010, Published under Cement NewsOman Cement aims to bring a new clinker line into operation in the second quarter of this year. The project, involving an investment of OMR62.7m, will boost the company’s clinker production capacity by 4000tpd. Last week, the company announced a 93.2 per cent jump in profit before tax of OMR27.363m during fiscal 2009, against earnings of OMR14.109m a year earlier. Qahtan bin Yarub al Busaidy, Chairman of the Board of Directors, attributed to increased earnings to higher price realisations d... |
Lafarge expects robust demand in India01 March 2010, Published under Cement NewsLafarge is expecting more growth in its Indian operations than in China and Bangladesh. The company has targeted a volume growth of 11 percent in 2010. The company sells cement under two brands, mainly in West Bengal, Jharkhand, Bihar, Chhattisgarh, Orissa and the North-Eastern States. |
CSN looking for other cement opportunities01 March 2010, Published under Cement NewsBrazilian steelmaker CSN is looking at new opportunities in the global cement market after its takeover offer for Cimpor failed, investor relations executive director Paulo Penido told analysts during a conference call Friday. "We’re not looking at anything specific at the moment. For now we’re going to focus on the organic growth of our business, but we are attentive to what is going on in the market," Penido said. According to the executive, the price offered by competitors for stakes in... |
China cement demand remains high01 March 2010, Published under Cement NewsChina’s cement demand will continue to pick up this year, predicts Kong Zhongxiang, vice chairman of China Cement Association. The cement production kept its double-digit growth last year. Some 176 new production lines were put into operation and the total investment in the cement sector topped CNY100bn, he said. The massive investment in infrastructure last year is translating into demand for cement. Meanwhile, the cement industry will greatly benefit from the country’s efforts to expand... |
Rwanda: residents protest over cement factory01 March 2010, Published under Cement NewsResidents of Kamenge, Nyabugogo, have accused their local leadership of siding with the proprietor of Kigali Cement Company in shelving the pollution problem caused by the company’s operations. The residents, who talked to The New Times, said that they have informed the local authorities but so far no solution had been provided. |
Lafarge to strengthen its position in Brazil28 February 2010, Published under Cement NewsLafarge has just announced that it will receive Brazilian cement assets in exchange for the sale to Votorantim of its 17.28% stake in the Portuguese Cimpor group on February 3, 2010. The terms of payment depended on the outcome of the public takeover bid for Cimpor. With these assets, Lafarge becomes one of Brazil’s top three cement operators with 7Mta in a buoyant market averaging 5% annual growth. Already active in Brazil with four plants and one grinding station, Lafarge will now be a... |
FCC net falls 8% as cement sales drop, Spain27 February 2010, Published under Cement NewsFomento de Construcciones y Contratas SA, the Spanish construction and engineering company, said 2009 profit fell eight per cent on lower cement sales, Bloomberg reported. Net income declined to EUR307.2m (US$418m) from EUR334m a year earlier, the Barcelona-based company said today in a regulatory filing. Analysts had predicted profit of 291.5 million euros, the average estimate compiled by Bloomberg. Chairman and Chief Executive Officer Baldomero Falcones, speaking today on a conference c... |
Saudi cement sector: growing demand, eroding overcapacity26 February 2010, Published under Cement NewsAnalysts at HSBC expect local Saudi cement sales to rise 22 per cent in 2010, offsetting the new capacity which affected 2009 numbers and stock prices. Such growth would mean certain firms to reach full capacity quickly favouring companies with excess capacity such as Saudi Cement Company and Tabuk Cement. HSBC believes the pace of recent price erosion will now slow as the growth in demand eats into surplus capacity; more importantly, however, strong demand will mean several companies to rea... |