Cement News tagged under: international
Essentium-Bluefield solar-power venture28 January 2010, Published under Cement NewsBluefield LLP, a private equity fund manager specialised in solar energy, has begun a joint venture with Essentium to build power plants that can produce 70MW by harnessing sunlight. The London-based firm and the Spanish construction and cement company will invest a combined EUR200m (US$282m) to build photovoltaic plants, primarily in Spain, Bluefield partner James Armstrong said in a telephone interview. (Source: Bloomberg). |
Dyckerhoff Ukraine trims cement output27 January 2010, Published under Cement NewsDyckerhoff Ukraine reduced cement output by 40.94% or 1.0Mt to 1.5Mt in 2009 as compared with 2008, company sales director Serhii Dudzianyi has announced to Ukrainian News. "For 2009 they made some 1.5Mt of cement at the two plants (Volyn Cement in Zdolbunov, Rivne region) and YuhCement (Olshanskoye, Mykolaiv region). At the same time, last year the company sold approximately 1.4Mt of cement, of them exported 93,000t. In 2008 the two company’s plants delivered 2.54Mt of cement, sold 2.464... |
Freight cost erodes India Cements net27 January 2010, Published under Cement NewsThe December quarter results of India Cements Ltd disappointed the street, as freight costs eroded its profits. The firm’s net profit fell by 49% to Rs34.8 crore, compared with the year-ago period. Sequentially, profit was around 75% lower. Even after factoring in oversupply and weak demand in the cement sector, mainly in the southern markets, analysts had estimated a net profit of around Rs75-100 crore. However, the combination of lower realizations in southern India and higher costs lower... |
Oman Cement says full-year net profit doubles27 January 2010, Published under Cement NewsOman Cement Co, the sultanate’s second-largest cement producer, said full-year net profit doubled to OMR24.16m (US$62.8m) from OMR12.54m in 2008. Oman Cement made a net profit of OMR5.73m in the fourth quarter of 2008. Total revenue for the past year rose to OMR71.93m from OMR66.73m in 2008, it said. |
Brazil antitrust body investigates bid for Cimpor27 January 2010, Published under Cement NewsBrazilian antitrust regulator SDE is investigating recent proposals made by local companies for Cimpor, the O Estado de S. Paulo newspaper reported Tuesday. The Justice Ministry-linked body last week requested new information from Cimpor and its Brazilian suitors Votorantim, Camargo Corrêa and Companhia Siderúrgica Nacional (CSN) as part of an investigation started in 2006 into alleged price-fixing in the domestic cement market. CSN in December made a hostile €3.86bn takeover bid for Cimpo... |
Thai Siam Cement turns to Q4 net profit27 January 2010, Published under Cement NewsSiam Cement, Thailand’s biggest industrial conglomerate, posted a net profit of THB5.33bn (US$161m) for the fourth quarter, turning round from a net loss a year before as there were no inventory losses this time and earnings improved at its cement and paper units. The result compared with a net loss of THB3.48bn a year earlier and was down from a third-quarter net profit of nearly THB7bn. |
Cemex reports quarterly loss27 January 2010, Published under Cement NewsCemex posted a fourth-quarter loss because of lower cement demand as a recovery in the U.S. economy failed to extend to the construction industry. Cemex’s loss narrowed to $209.5 million, or 22 cents per U.S. share, from a loss of $706.8 million, or 91 cents, a year earlier, the Monterrey, Mexico-based company said today in a statement. Sales dropped 17 percent to $3.44 billion. EBITDA fell 37 percent from a year earlier to $473.7 million. The loss was caused in part by a $446 million wri... |
Oman: Raysut Cement says full-year net rises 5%27 January 2010, Published under Cement NewsRaysut Cement Co, Oman’s biggest maker of the building material by market value, said full-year profit rose 5.2 pe rcent. Net income climbed to OMR28.5m (US$74m), or 142 baizas a share, from OMR27.1m, or 136 baizas, in the year earlier, the company said in a statement to the Muscat bourse website today. |
UAE cement prices to rise from February 127 January 2010, Published under Cement NewsCement prices in the UAE are set to increase from February 1 following a decision by the UAE Cement Manufacturers Association. A senior industry official yesterday told Emirates Business that the association recently decided to fix the price of cement in different emirates. In Abu Dhabi, which is less affected by the slowdown in the construction sector, cement will be priced at Dh250 per tonne, whereas in Dubai it will be sold at Dh240 per tonne. In the Northern Emirates, where most factor... |
Podilskyi Tsement cuts cement production26 January 2010, Published under Cement NewsPodilskyi Tsement cement company (Kamianets-Podilskyi, Khmelnytskyi region), is one of the three largest cement producers in the Ukraine, reduced production of cement by 0.5% or 7000t to 1.343Mt in 2009 against 2008. Podilskyi Tsement’s Commercial Director Anatolii Dehtiariov announced this to Ukrainian News. "We produced 1.343Mt of cement in 2009," said Dehtiariov. Dehtiariov also said that the amount of investment in modernisation of the company’s production facilities amounted to UAH 6... |