Cement News tagged under: international
Confidence Cement plans for expansion, Bangladesh26 January 2010, Published under Cement NewsConfidence Cement Ltd is going for massive expansion doubling its current annual production capacity to 500,000t to meet the growing demand. The company is also going for diversification of businesses in other sectors also. "Our company is expanding the production facility and the additional output will be added to our mainline by the end of this year," Imran Karim, director of the company told the FE in an interview. "We hope investors will support our expansion projects as it will defin... |
Lucky Cement profit drops 2%, Pakistan26 January 2010, Published under Cement NewsLucky Cement on Monday announced it has booked profits of Rs1,908 million with earning per share (EPS) of Rs5.90 in the first half of fiscal year 2009-10 (1HFY10) versus Rs1,938 million with EPS of Rs5.99 in the same period of previous year, showing a two per cent decline. Local cement dispatches of the company increased 12 per cent to 1.3Mt while exports continued to be strong reaching 1.8Mt, up 29 per cent year-on-year (YoY), JS Research reported. Total dispatches stood at 3.2Mt, up 21 p... |
Chia Hsin to buy 1Mt cement from Anhui Conch26 January 2010, Published under Cement NewsTaiwan’s Chia Hsin Cement Co will buy 1Mt of cement from Anhui Conch Cement Co this year, Taiwan’s Economic Daily reported, citing an unnamed source from Chia Hsin. Reportedly, Chia Hsin will stop purchasing cement from Taiwan Cement Co and Asia Cement Co, which are Chia Hsin’s previous suppliers. Chia Hsin holds US$10m worth of shares in Anhui Conch. |
PPC to seek African acquisition, South African sales down26 January 2010, Published under Cement NewsSouth African cement producer, Pretoria Portland Cement Co (PPC) is seeking to make an acquisition or enter a new market in sub-Saharan Africa in the next 12 to 18 months. PPC “is looking quite carefully and very deliberately to grow outside” its existing markets, Chief Executive Officer Paul Stuiver said at PPC’s annual general meeting in Johannesburg today. A takeover would help compensate for slowing rates of growth in South Africa, PPC’s main market, Stuiver said. Cement sales grew on ... |
Ukraine cement production down 36.3%26 January 2010, Published under Cement NewsThe Ukrtsement association reports that cement production in the Ukraine fell by 36.27% or 5.36Mt to 9.42Mt in 2009, the executive director of the association, Petro Lopatiev, told the Ukrainian News agency. He said that in 2008, a total of 14.77Mt of cement were produced in Ukraine. The executive director of the association also admitted that in 2010, housing construction will not start active development giving way to social construction. |
Votorantim to invest US$2.4bn in 201026 January 2010, Published under Cement NewsBrazilian industrial conglomerate Grupo Votorantim is planning to invest BRL4.5bn (US$2.43bn) in its operations in 2010, the group said Tuesday in a press release. By comparison, last year the group invested BRL4.2bn in its operations. "The investment plan for the group is in line with favourable prospects for the Brazilian economy," said Jose Roberto Ermirio de Moraes, president of Votorantim Industrial, in a press release. |
Rajhi Cement - Jordan partners with Al al-Bayt University25 January 2010, Published under Cement NewsDriven by its social responsibility towards the community, Al Rajhi Cement-Jordan, represented by General Manager Mr. Feras Qarrain, signed a collaboration agreement with Al al-Bayt University represented by the university president, Dr. Nabil Shawakfa on Wednesday the 20th of January. The agreement involves the exchange of information in areas of chemical analysis, laboratory tests, studies and research materials used in cement production, in addition to offering training courses and coope... |
Dalmia Cement Board to consider interim dividend25 January 2010, Published under Cement NewsDalmia Cement (Bharat) Ltd has announced that a meeting of the Board of Directors of the Company will be held on January 28, 2010, inter alia, to recommend the Interim Dividend, if any, for the year to end on March 31, 2010. The Board will also fix the ’record date’ for determining the name of the Members to whom the Interim Dividend shall be paid. |
Grasim: Cement consolidation plan holds key25 January 2010, Published under Cement NewsGrasim’s results for the December 2009 quarter were broadly better than analysts forecast on a standalone basis, with its operating profit margin improving 1,330 basis points YoY to 33.1% while its net sales rose 14.6% to Rs 3,087.9 crore. However, the third-quarter results are not strictly comparable with a year earlier, given the sale of its sponge iron unit in May 2009. The growth momentum for the company came from its smaller viscose staple fibre (VSF) division, which accounted for near... |
New silo project for Lanka Cement, Sri Lanka25 January 2010, Published under Cement NewsA US$100m project to produce the largest ever cement silos in Sri Lanka commenced early this month in Colombo, according to officials.“About two weeks ago the construction of the plant at D.R. Wijewardena Mawatha, in Colombo for the joint venture between Lanka Cement Ltd. (LCL) and the UK- based AML products Ltd began,” Sisira Paranagama, Chairman LCL told the Business Times. He noted that production in this plant which is on a one acre land will commence by the end of the year, while the e... |