Cement News tagged under: international
Shree Cement Jan shipments up 18 per cent YoY01 February 2010, Published under Cement NewsShree Cement said on Monday its January shipments rose 18 per cent to 882,000t, up from 749,000t a year earlier. Total shipments during April-January period rose 24 per cent to 7.65Mt, up from 6.18Mt a year ago, it said in an e-mailed statement. The company has a capacity to produce 9.5Mt of cement annually at its plant in the north western state of Rajasthan. |
Binani puts Dubai expansion plans on hold01 February 2010, Published under Cement NewsBinani Cement has put its Dubai expansion plans on hold due to sharp drop in cement demand in the debt-laden country. Instead, the flagship company of the Braj Binani group has started looking for other markets of the Middle East and neighbouring countries to supply excess cement from its Dubai plant. The realisation has fallen around AED100/t in January from 350 dirham a tonne in November, said MD Vinod Juneja. The company was ready to tap Sudan, Kuwait, Iraq and Oman to sell the produce o... |
China plans measures to cut overcapacity01 February 2010, Published under Cement NewsPeople’s Bank of China Deputy Governor Zhu Min said the government plans new measures to rein in overcapacity in steel, cement and other industries amid a surge in bank lending. “This year is particularly important because the structural changes have become such a top priority, so we will have more policy issues to guide industry and the commercial banks to follow this policy,” said Zhu in an interview in Davos, Switzerland today at the annual meeting of the World Economic Forum. The centr... |
SAK Commodities inks first 2010 Iraqi Contract31 January 2010, Published under Cement NewsSAK Commodities announced the confirmation of its first support contract with Iraq’s Ministry of Trade. SAK spokesman Amar Mahdi said that "Three months of continued negotiations have closed with the SAK receiving final approval from the Ministry of Trade’s - State Trading Company for Construction Materials. We are pleased that the Ministry has invested such trust and confidence in our company and we look forward to working with the Ministry and serving the citizens of Iraq." SAK Project Di... |
Binani Cement to invest in coal blocks29 January 2010, Published under Cement NewsBinani Cement Ltd plans to invest around INR52m in coal blocks. However, the company has still has no plans for its existing coal block in Chhattisgarh. Cement companies are allotted coal blocks by the Central government for captive industrial use. Binani Cement Ltd was also allotted one such coal block in Bisrampur, Chhattisgarh in 2008. Commenting on the status of this block, Vinod Juneja, managing director, Binani Group of Industries said, “We have asked the government to give us some m... |
Dalmia Cement 3Q net falls29 January 2010, Published under Cement NewsDalmia Cement (Bharat) announced that the net profit for the third quarter ended December 31, 2009 fell to Rs.22.60 crore from Rs.23.71 crore in the same quarter last year. Total income increased to Rs.528.90 crore from Rs.406.02 crore in the corresponding quarter last year. The company declared an interim dividend of 50% or Re.1.00 per share for the fiscal 2010. |
Fletcher subsidiary opening cement storage centre, NZ29 January 2010, Published under Cement NewsA Fletcher Building business will next week open a huge new cement bulk storage and distribution centre. Auckland City Mayor John Banks is due to open Golden Bay Cement’s $45 million Auckland plant at Eastport on Wednesday. The centre is on the corner of Tooley St and Plumer St on the waterfront and includes a 2700m2 cement silo. An 816sq m service centre for loading and dispatching trucks has also been developed, enabling cement to be distributed directly to the region and where it will ... |
Vicem cement sales up 7.88% in 200929 January 2010, Published under Cement NewsVietnam Cement Industry Corporation (Vicem)’s cement and clinker sales rose 7.88% from a year earlier to 17.35Mt in 2009, the corporation said on its website. Of the sum, 17.13Mt were cement, up 14.6% YoY and 223,000t were clinker, down 80.49%, Vicem said. The corporation produced 9.58Mt of clinker and 16.86Mt of cement last year, down 5.59% and up 12.32% on-year, respectively. Vicem made a profit of VND2,134 billion on revenues of VND20.78 trillion, up 22.67% and 14.9% on-year, respectiv... |
Madras Cements 3Q net profit falls29 January 2010, Published under Cement NewsMadras Cements Ltd said Thursday its third-quarter net profit fell nearly 75% from a year earlier as costs rose and income dropped. Net profit for the quarter ended Dec. 31 fell to INR160.1m from INR627.3m a year earlier, the Chennai-based cement maker said in a statement. Total income fell slightly to INR6.07bn from INR6.09bn a year earlier. While revenue from its power business more than doubled to INR191.10m, that from the cement segment fell almost 3% to INR5.88bn, it said. Madras Ce... |
Judgment reserved in TCL case against Guyana Govt29 January 2010, Published under Cement NewsJudgment has been reserved in the matter involving Trinidad Cement Ltd (TCL) and its subsidiary, TCL Guyana Incorporated (TGI), following hours of legal arguments at the Caribbean Court of Justice (CCJ) against the Government of Guyana. The hearing took place on Tuesday and was heard before CCJ President Chief Justice Michael de la Bastide. TCL took the Guyana Government to task, moreso, the office of the Attorney General of Guyana, requesting that the CCJ hold Guyana in contempt of court ... |