Cement News tagged under: international
Azerbaijan’s key cement producer halved output against its decline in 200912 February 2010, Published under Cement NewsGaradagh Cement OJSC, the major cement producer in Azerbaijan, lowered manufacture of cement in 2009 against its original targets. GC informs that for the past year production totalled 1.2Mt versus 1.3Mt a year earlier. “Output fall turned out less of our expectations but it could be much lower if not import of cheap cement in the country,” the company said. Nevertheless, in 2009 GC increased its market share from 35 per cent up to 40 per cent. “According to our estimates, last year cement... |
Çimsa buys majority stake in Italian firm12 February 2010, Published under Cement NewsÇimsa, a leading Turkish manufacturer of cement and ready-mixed concrete products under the roof of Sabancı Holding, has bought a 60 per cent stake in Italy’s Medcon for nearly €3.5m. The company, which aims to raise its competitive power at home and abroad in addition to organic growth, is significantly increasing its presence in northern Italy, the Adriatic region and central Europe through this acquisition, the firm said in a statement Tuesday. Prior to the acquisition, the Spain-based ... |
China’s export of cement in December 200911 February 2010, Published under Cement NewsChina exported 1,12Mt of cement valued at US$51.413m in December 2009. The export in January-December reached 15.61Mt valued at US$687.193m, down 40.0 percent and 37.5 per cent respectively YoY. |
Cement exports to top 1Mta11 February 2010, Published under Cement NewsVietnam hopes to export 1Mt of cement this year, Nguyen Ngoc Anh, general director of the Vietnam Cement Industry Corporation (Vicem), has said. After many years of shortage, there is a surplus now, he said. Therefore, it is essential to export some of it to develop the sector, he said. There are 97 cement plants in the country with a total capacity of 57.4Mt. A further 13, with a capacity of 11.7Mt, are expected to go on stream this year, he said, leaving a surplus of 2Mt. |
Chinese BBMG clinches US$101.5m asset purchase deal11 February 2010, Published under Cement NewsChinese building materials manufacturer BBMG Corporation said on Tuesday it had sealed a CNY-693m (US$101.5m/€73.8m) deal to buy cement production assets from Hebei Yanzhao Cement. The output capacity of the acquired operations is 4000tpd of clinker and, as a result, BBMG will boost its cement clinker capacity by about 1.2Mta and expects to increase its market share in the cement sector. Under the terms of the agreement, BBMG will also purchase the use rights to 153,180m2 of land where the ... |
Martin Marietta’s aggregates volumes fall by 23%10 February 2010, Published under Cement NewsMartin Marietta Materials achieved a total turnover of US$1,702.6m in 2009, a reduction of 19.6%. The EBITDA declined by 26.8% to US$364.1m and, after an interest charge 1.1% lower at US$73.5m, the pre-tax profit showed a 53.3% drop to US$115.3m. Capital expenditure last year amounted to US$139.2m, a reduction of some 46% on the prior year, but is expected to increase to about US$160m in 2010. Helped by the issue of additional equity raising US$293.4m during the year, net debt declin... |
Buzzi Unicem hit by Eastern Europe, the USA and Italy10 February 2010, Published under Cement NewsBuzzi Unicem’s turnover in 2009 declined by 24.1% to €2,672m, of which Dyckerhoff accounted for €1,369m, a drop of 30.9%. On a like for like basis, turnover declined by 22.8%. The weaker performance of the Dyckerhoff sub-group primarily reflects the sharp drop in Russia and the Ukraine, and to a lesser extent, the EU countries in Eastern Europe. Net debt hat the end of last year was 14.3% higher at €1,212m, after having spent some €230m on four major projects in the USA, Russia, Luxembour... |
Philippine growth may slow this year, Holcim10 February 2010, Published under Cement NewsPhilippine cement demand growth may slow this year because spending for public infrastructure is expected to ease after presidential elections in May, the nation’s biggest maker of the building material said. Government projects may be put on hold with the transition to a new government, said Ed Sahagun, vice president at Holcim Philippines Inc., a unit of the world’s second-largest cement maker. Demand for the building material grew 11 percent in 2009 and will expand at least 1 percent thi... |
India Jan cement output, despatches up 15% on year10 February 2010, Published under Cement NewsIndia’s domestic cement production grew 14.8% on year in January to 14.54Mt, the Cement Manufacturers’ Association said today. Despatches also grew 14.8% on year to 14.53Mt, the association said. This is the highest growth in output and despatches in five months. Sequentially, production and despatches in January rose 3.6% and 1.9%, respectively. |
Egypt’s Wadi Cement gets loan for plant10 February 2010, Published under Cement NewsEgypt’s El Wadi Cement has secured a US$328m loan which it will use to build its delayed factory as it looks to ultimately win back its revoked production licence and return to a booming construction sector. "The loan (from Liechtenstein bank LLB ) will be used to build the cement factory, with a capacity of 1.5Mta," al-Mal newspaper reported on Tuesday citing Khairy Maklad, the managing director of the company. Egypt’s Industrial Development Authority cancelled El Wadi’s production licenc... |