Cement News tagged under: international
Ambuja Cement FY09 Net Profit Drops05 February 2010, Published under Cement NewsAmbuja Cements Ltd., one of the lowest-cost producers of cement, reported a lower net profit for the fiscal year, impacted by clinker purchases, as also in the absence of one-time gain. In a filing with Bombay Stock Exchange, the company said that the net revenues for the year increased, on the back of higher volumes, change in the mix between domestic and export sales besides improvement in realizations. Consolidated Results The company, based in Junagadh, Gujarat, posted a fiscal-year c... |
Industry prospects in 201005 February 2010, Published under Cement NewsThe international cement market is again looking to growing markets in Asia to offset weak performances in Europe and elsewhere this year. While some recovery is possible in North America from the third quarter onwards, the rate of recovery may well be less marked than hoped for earlier. In South America, Brazil - by far the largest economy - is performing well and should continue to grow at a reasonable level and with it cement consumption. The Middle East, where Iran and Saudi Arabia are... |
Ash Grove recalls workers, USA04 February 2010, Published under Cement NewsThere’s good news for workers at the Ash Grove Cement plant in Montana City. Approximately 50 hourly employees who were laid off in November will be getting their jobs back in the next couple of weeks. The layoffs occurred due to a drop in demand for cement. Some electricians and maintenance workers will return to the plant over the next few days, and the remaining employees are expected back on February 15th. The Montana City plant was one of nine Ash Grove plants around the country where... |
Aditya Birla Group to invest04 February 2010, Published under Cement NewsIndian cement producer, the Aditya Birla Group aims to spend about INR70bn (US$1.4bn) over 3-4 years to expand its cement operations, the Economic Times reported on Thursday. The newspaper said the Aditya Birla Group would build three new plants that would take its total capacity to 62Mta from 49Mta now. "No final decision has been taken yet. We hope to finalise our expansion plans in a month or two," Adesh Gupta, chief financial offer at Grasim, told the paper, adding the group wanted to ... |
North Carolina river’s mercury level may bar proposed plant04 February 2010, Published under Cement NewsNorth Carolina environmental official say the river near a proposed cement plant already is polluted with mercury and can’t tolerate any more from the factory. The News & Observer of Raleigh reported Wednesday that the head of the state water quality office said federal laws would prevent the issuing of a permit for a plant to put more mercury into an already contaminated river. State environmental regulators are considering water and air permits for the plant near Wilmington planned by Ti... |
North America and Italy lead Italcementi’s volumes lower04 February 2010, Published under Cement NewsItalcementi saw its turnover decline by 13.3% last year, to €5,006.4m, of which consolidated Italian operations contributed about €731m, a drop of 26.7%. Group cement deliveries declined by 11.1% to 55.7m tonnes and the cement turnover was down by 11.9% to €3,638.6m, with the most notable drops in volume incurring in North America and in Italy as well as in international cement trading. Downstream, shipments of aggregates declined by 19.1% to 39.1Mt and the ready-mixed concrete volume fell... |
Votorantim does deal with Lafarge04 February 2010, Published under Cement NewsLafarge has sold its 17.3% stake in Cimpor to Votorantim in exchange for cement assets in Brazil. Votorantim is the dominant cement producer in Brazil with a market share of 41% and a divestment of certain assets would be required in order to be allowed to acquire control of Cimpor, currently the third largest. Lafarge is also present in Brazil, but currently not among the half a dozen largest, though would probably get there when this deal is consummated. The entry of Votorantim into ... |
Dalmia Cement to raise US$100m via stake sale04 February 2010, Published under Cement NewsDalmia Cement (Bharat) Ltd will raise US$100m by March through stake sale in subsidiary Dalmia Cement Ventures Ltd, its managing director said. “We have been talking to private equity players and we think we can make an announcement this quarter,” Puneet Dalmia told Reuters in an interview, adding the fund will be used to set up a 5Mta cement plant. Dalmia Cement will also announce a restructuring plan, wherein four companies will house each of its four businesses – cement, sugar, power a... |
ACC production at 1.89Mt in Jan 201003 February 2010, Published under Cement NewsACC Ltd has announced the Company’s cement production and despatch figures for the month of January 2010. In January 2010, the Cement production was at 1.89Mt and cement despatches was at 1.91Mt. In January 2009, Cement production was at 1.87Mt and cement despatches was at 1.89Mt. |
Lafarge denies sale of stake to Correa03 February 2010, Published under Cement NewsLafarge denied press reports that it sold its 17.3% stake in Cimpor to Brazilian construction group Camargo Correa. News that Camargo Correa and Lafarge had reached a deal was reported in 14 Jan 2010 edition of Portuguese daily Diario Economico. Cimpor on 13 Jan 2010 received a merger proposal from Camargo Correa. The offer depends on the Brazilian company initially acquiring between 15% and 20% of Cimpor. Camargo proposed to control less than 50% of the merged company. Cimpor, on seco... |