Cement News tagged under: international
Holcim sees return to growth in 201006 October 2009, Published under Cement NewsHolcim expects to return to growth next year, helped by developing markets, its chief executive was quoted as saying in an interview published on Saturday. Holcim’s second quarter net profit fell 35 percent and sales were down 20 percent but it said in August that government stimulus packages would boost the construction industry next year. "Yes, overall we should grow again," Markus Akermann told Swiss newspaper Finanz und Wirtschaft when asked about a recovery in 2010, adding the busine... |
Govt threatens to cancel coal block allotted to Binani Cement05 October 2009, Published under Cement NewsIndia’s coal ministry has served Binani Cement Ltd with a show-cause notice seeking reasons for a delay in developing mines allotted for captive use, the Press Trust of India reported Sunday, citing the notice, filed Sept. 29. The company has 15 days in which to respond, after which the process to de-allocate the block will start, the PTI reported. "The progress is not satisfactory and your company seems to be a non-serious player," the PTI quoted the notice as saying. Binani Cement said ... |
Dien Bien cement plant inaugurated, Vietnam05 October 2009, Published under Cement NewsThe Dien Bien Cement Joint Stock Company inaugurated the Dien Bien Cement Plant in Sam Mun commune, Dien Bien district, Dien Bien province on October 1. The Dien Bien Cement Joint Stock Company invested a total of VND650bn in the plant. |
Capacity addition by cement companies make investors nervous05 October 2009, Published under Cement NewsA report by the Economic Times of India says that cement stocks have underperformed the broader market in the past six months, on worries that the industry is heading towards excess cement stocks supply. While the cement industry has shown robust growth in despatches even during the monsoon season, which is typically a period of sluggish demand, investors are increasingly nervous about the possibility of a supply surplus over the next 18 months. Poor sentiment resulted in ACC stock price wh... |
Grasim Falls Most in 11 months as business removed05 October 2009, Published under Cement NewsGrasim Industries Ltd., India’s third-biggest cement maker, fell the most in almost 11 months in Mumbai trading after saying its cement business will be transferred to a subsidiary, Samruddhi Cement Ltd. The shares dropped 4.9 per cent to 2,559.5 rupees as of 12:54 p.m. local time, after declining as much as 7.5 per cent, the most since Oct. 27. Grasim, a unit of the Aditya Birla Group, is today’s worst performer in the Bombay Stock Exchange BSE500 Index, which lost 0.7 per cent. Sharehold... |
Holcim Maroc’s turnover hits US$215m in 1Q05 October 2009, Published under Cement NewsHolcim unit in Morocco achieved a turnover of MOD1.67bn (US$215m) in 2009 first quarter, soaring 12% compared to the same period a year earlier. Maroc Holcim posted positive results during 2009 first quarter, despite the drop that affected the international company in several countries due to the global downturn, Chairman of Holcim Maroc, Dominique Drouet, said Thursday in a press conference. This good performance is mainly ascribed to the rising demand for the company’s products, notably ... |
Thailand: demand continued to pick up05 October 2009, Published under Cement NewsFor August, the Bank of Thailand (BoT) reported domestic cement sales volume rose to 2.1Mt, up 1.7% YoY and 7.4% MoM. This was the third consecutive month that domestic demand growth YoY was positive. On the export side, the BoT announced that export cement sales volume dropped to 1.1Mt, down 22.2% YoY and 27.1% MoM. Nevertheless, this was better than the contractions of around 30.0% YoY in late 2008 to the beginning of 2009. For 8M09, domestic and export cement sales volumes contracted 7.... |
Zambia construction industry records 9.9% growth05 October 2009, Published under Cement NewsThe construction industry has recorded a 9.9 per cent growth since the beginning of the year despite effects of the credit crunch on the local economy. The 9.9 per cent growth rate recorded so far is over four per cent above the target of around five per cent as predicted by the National Council for Construction (NCC). During a press briefing in Lusaka on Tuesday, NCC executive director Dr Sylvester Mashamba said the overall performance of the construction industry had been very good despi... |
UK Construction: contraction continues05 October 2009, Published under Cement NewsActivity in Britain’s construction sector contracted for the 19th month in a row in September as firms continue to struggle to keep their heads above water, reports the Guardian newspaper. In its monthly check of the UK’s flagging construction sector, the Chartered Institute of Purchasing & Supply (Cips) found activity had fallen to its lowest level since June, indicating that August’s slight improvement may have been just a blip. Its purchasing managers index fell to 46.7 in September, dow... |
Holcim acquisition of Cemex Australia completed02 October 2009, Published under Cement NewsAfter completion of the due diligence and the approval of the Australian authorities, Holcim has successfully completed the acquisition of Cemex Australia as per October 1, 2009, the company said in a statement. The new Group company, which now trades under the name Holcim (Australia) Pty Ltd, is being fully consolidated as of that date. It continues to operate under the leadership of its proven management team. Holcim said i that this acquisition enables it to include Australia in its ma... |