Cement News tagged under: international
Holcim (US) Responds to Destruction in Haiti03 February 2010, Published under Cement NewsHolcim (US) Inc announced that in an effort to provide additional assistance to the people of Haiti, the company will match 100 per cent of individual employee contributions made to the American Red Cross within the next 90 days. These contributions will be sent to the American Red Cross Haiti Earthquake Relief. "Our employees historically have given generously when there is a need," said Bernard Terver, President and CEO of Holcim (US) Inc. "While donations and support have been helpful, i... |
Fiji cement prices decreases02 February 2010, Published under Cement NewsThe prices of bagged and bulked cement has decreased to $233.91/t and $212.65 per tonne, respectively, effective yesterday. The Commerce Commission confirmed the new price determination that showed a decrease of $21.73/t for bagged cement and $19.75 for bulk cement. The commission released an interim determination in October for Portland cements sold by Fiji Industries Limited (FIL) allowing nine per cent increases in the prices of bagged and bulked cement. Since then, the commission cond... |
Holcim Colombia to expand operations02 February 2010, Published under Cement NewsHolcim Colombia will invest US$100m to expand a cement plant in Boyacá department’s Nobsa municipality, paper Portafolio reported. Works include the construction of a vertical mill and a warehouse with the capacity to store 14,000t. |
India January cement sales: double digit growth02 February 2010, Published under Cement NewsIndian cement makers today reported double-digit growth in January sales driven by increased demand from housing sector, especially of low-cost homes, and infrastructure. Shree Cement JK Lakshmi and Jaiprakash Associates have recorded better sales growth in the month, while major players like ACC could only witness a marginal increase. Jaiprakash Associates saw its January sales jumping by 60 per cent to 1.165Mt, Shree Cement reported a 17.66 per cent rise in sales at 882,000t, and JK Laks... |
Camargo places offer for the stake of Lafarge in Cimpor02 February 2010, Published under Cement NewsCamargo Correa has delivered to Lafarge its proposal to purchase a 17% stake on Cimpor for which it would pay cash, reports Brazil Economico. Figures were not disclosed and the move is seen as the base for a strategy to close in on the Portuguese cement major. The paper reported that Camargo could stay as the second largest shareholder in Cimpor, wait for the outcome of CSN’s offer for the assets; then launch a competing offer for Cimpor. |
Vietnam cement prices expected to recover02 February 2010, Published under Cement NewsWith Vietnam’s national economy will gradually recover in 2010, resulting in a slight increase in the prices of construction materials such as steel and cement. It is predicted that construction materials will experience minor fluctuations in prices due to soaring input costs on the world market. As the Government’s stimulus measure to allow 10 percent in VAT will expire by the end of this year, companies and joint ventures under the Vietnam Steel Corporation will increase in January 2010 ... |
Egypt’s Asec Cement to double production02 February 2010, Published under Cement NewsEgyptian cement maker, Asec Cement has announced plans to more than double its production by 2013, Reuters has reported. Asec, a subsidiary of Cairo-based Citadel Capital, hopes to achieve its goals by building several plants and acquiring a number of companies in the region, Giorgio Bodo, chief executive officer and chairman, told the news service. The company has stakes in cement plants in Algeria, Sudan, Syria, Iraq’s semi-autonomous Kurdistan region and Ethiopia. |
US construction spending falls02 February 2010, Published under Cement NewsUS construction spending fell more steeply than expected in December to its lowest level since 2003, dragged down by a sharp drop in private residential and state and local government construction, a government report showed on Monday, The Commerce Department said construction spending dropped 1.2 per cent to US$902.5bn, falling for a second straight month. November’s construction spending was revised down to show a 1.2 per cent decline, instead of a 0.6 percent fall. Economists surveyed b... |
Vicat’s cement sales ahead, the rest in decline02 February 2010, Published under Cement NewsVicat saw turnover decline by 7.8% in 2009 to €1,896.0m, which represents an underlying reduction of 9.1%. Turnover in cement improved by 2.3% to €950.3m, but aggregates and concrete showed a 17.7% reduction to €695.5m, and other activities registered an 11.7% decline to €250.2m. Cement accounted for 52.1% of the turnover, compared with 45.1% in the previous year, while the concrete and aggregates share fell from 41.1% to 33.4%. Group cement deliveries did improve by 2.0% to 14.51Mt, whil... |
Dalmia Cement profit falls 4% on high costs01 February 2010, Published under Cement NewsDalmia Cement (Bharat) on Friday announced a 4% fall in quarterly net profit due to higher expenditure on raw materials and increased freight costs. Net profit declined to Rs 23 crore in the December quarter from Rs 22 crore in the year-ago period. Its consumption of raw materials during the period increased 61% to Rs 212 crore, while expenses on freight went up 85% to Rs 52 crore, offsetting a 28% growth in net sales at Rs 518 crore. The company declared an interim dividend of 50% or Re 1 ... |