Cement News tagged under: international
Holcim nine-month net hits PHP2.8bn17 November 2009, Published under Cement NewsHolcim Philippines said its net profit for the first nine months of the year more than doubled over a year ago as cement sales defied the seasonal downturn during the wet season. Net income for the third quarter reached P855m, almost nine times more than the P97mposted a year ago. This brought the net income for the first nine months to P2.8 billion, up from P1.3 billion last year. Third quarter revenue grew by 30 percent over a year ago to P5.5 billion. Industry demand grew at a monthly ... |
Peru: Cemento Inka expands capacity17 November 2009, Published under Cement NewsCarlos Choy, general manager Caliza Cemento Inka, says the company is gaining share in the competitive Peruvian cement market cornered by Cementos Lima (4.5Mta cement capacity). Cemento Inka has been created by the Choy family in 2002 and in 2007 has dedicated its plant that runs 65,000tpa of clinker and 75,000t of cement. Initially the company sold non-packaged cement directly to concrete manufacturers and later on began retailing packaged cement. Choy says Cemento Inka has now its own bran... |
Government targets cement self-sufficiency by 2013, Nigeria17 November 2009, Published under Cement NewsThe Federal government of Nigeria said the country would achieve 100 per cent local production of cement by 2013. Minister of Commerce and Industry, Chief Achike Udenwa, said Nigeria can satisfy local demands of the product, thereby making imports of cement to be a thing of the past. He pointed out that government has granted incentives to local producers of the product such as appropriate pricing of LFPO, banning of imports of bagged cement, lifting of ban on imports of gypsum and a reduc... |
UK construction: signs of deeper recession17 November 2009, Published under Cement NewsFalling third quarter sales of aggregates and cement provide further evidence of the depth of the UK construction recession the Mineral Products Association has said. Sales volume of aggregates, cement, ready mixed concrete and asphalt in Q3 again fell significantly in the third quarter compared with the same period of 2008. Aggregate and cement were around 20 per cent down in the quarter, with ready mixed concrete down 26 per cent and asphalt down 17 per cent. MPA products are used thro... |
Arab banks lend Lafarge US$340m for Syria factory17 November 2009, Published under Cement NewsLebanese group Bank Audi has extended a US$340m syndicated loan for seven years to a subsidiary of Lafarge to finance a cement factory in Syria which has a shortage of the product. The bank said the loan to LafargeCement Syria by a group of mostly Arab banks would partly cover the cost of the 2.75Mta factory. Its statement did not give other financial details. Audi arranged an 18-month $380 million bridge loan for the project last year. The Syrian government, which has been controlled by ... |
India boosts Holcim 1H17 November 2009, Published under Cement NewsHolcim’s cement deliveries in the first six months declined by an underlying 8.6 per cent to 65.1Mt, but the company said its strong presence in growth markets, helped it perform well in a difficult economic environment. Turnover was down by an underlying 11.2 per cent to SwFr10,082m (EUR6721m) and the running EBITDA fell by 23.5%, or by 14.4% at the underlying level, to EUR1,429m. By mid-year, fixed costs have already been reduced by SFr381m. That means the targeted annual reduction ... |
Zambezi Portland starts cement production, Zambia17 November 2009, Published under Cement NewsZambezi Portland starts cement production, Zambia Zambezi Portland Cement Limited has said there is no need for Zambians to import cement as the commodity can be sourced locally. In an interview yesterday, Zambezi Portland Cement Limited sales and marketing manager Isaac Ngoma said his company had started producing cement at the Ndola plant and that the commodity was expected to be on the Zambian market later this month. “We are pleased to announce to the nation that the process of produci... |
Holcim eyeing Indonesia’s cement factories16 November 2009, Published under Cement NewsCement company PT Holcim Indonesia Tbk is likely trying to acquire some Indonesian cement factories. "The cement factories are located in East Java," VIVAnews anonymous source said on Friday, Nov 13. Holcim Indonesia relationship management director Rusli Setiawan stated the company has not yet planned to take over any domestic cement factories in the near future. "No plan has been made," he said in Jakarta, November 16. The reason behind this is that in addition to acquiring a factory in ... |
SCCC expects 2% rise in cement demand, Thailand16 November 2009, Published under Cement NewsSiam City Cement expects cement demand to rise two per cent next year on the economic recovery. "The economy has bottomed out, and the overall industry sector is recovering," the company said in a statement. Demand for cement rose three per cent YoY in the third quarter, thanks to increased consumer spending. However, cement consumption in the first nine months dropped six per cent year on year, due largely to a huge drop in cement consumption in the first half. Siam City Cement in the t... |
Vietnam cement firm to raise cap to VND97.58B by share issue16 November 2009, Published under Cement NewsThe State Securities Commission has allowed Sai Son Cement Joint Stock Company (SCJ) to issue 4.998M new shares to raise its registered capital to VND97.58 billion ($5.46 million). Of the amount, the firm will issue 1.904 million bonus shares to shareholders at 2-for-5 ratio, the company said on its website SCJ will also sell 2.856 million shares to shareholders at 3-for-5 ratio at VND20,000 each and 238,000 shares to employees at VND22,000. The record date is from November 19-22. The ce... |