Cement News tagged under: international
Brazil’s Votorantim plans global bond sale -source18 September 2009, Published under Cement NewsGrupo Votorantim, Brazil’s largest diversified industrial conglomerate, plans to sell up to $750 million in 10-year dollar-denominated debt in global capital markets to repay maturing obligations, sources with knowledge of the situation told Reuters on Monday. The company’s Votorantim Overseas Trading Operations V Ltd. finance unit will sell the notes on behalf of the Sao Paulo-based group, said the sources, who declined to be named because the transaction hasn’t been launched. No additiona... |
Cemex Latvia forecasts lower sales18 September 2009, Published under Cement NewsCemex Latvia said it could see a 10 per cent fall in sales next year as the local construction sector continues to experience a downturn, Maris Gruznins, Cemex Commercial Director in Latvia, told BNS. He said that 2010 would continue to be a very complicated year for the construction sector and Cemex expected to see its sales fall 10 per cent next. Gruznins explained that the construction sector had experienced a severe downturn this year and it had also affected cement sales. Cemex has p... |
China: cement price recovery18 September 2009, Published under Cement NewsCement prices across China have been rising since end of August. According to a report by Deutsche Bank, this round of post-summer price rebound started roughly one month earlier than the market had expected. More remarkably, the price hike occured in all regions, signifying a sector-wide recovery. Deutsche Bank believe the price hike is driven by both demand pickup and supply discipline: On the demand side , 4Q is usually the high season for cement consumption. This year, the demand is like... |
Dyckerhoff grants loan to Volyn Cement, Ukraine18 September 2009, Published under Cement NewsDyckerhoff has allocated a loan worth EUR 20m to Zdolbuniv-based Volyn Cement campy, Rivne region, the Ukrainian enterprise said. The agreement was signed on August 25. The funds will be channeled for the financing of capital investments of Volyn Cement. As Ukrainian News earlier reported, the Dyckerhoff Aktiengesellschaft company has given EUR20m to the Pivdentsement company (Olshanske, Mykolaiv region) as a credit. |
SCCC to introduce slag cement in production, Thailand17 September 2009, Published under Cement NewsSiam City Cement (SCCC), the country’s second-largest cement producer, expects to launch slag cement in Thailand in the next three months after signing an exclusive contract with Tata Steel. Slag cement, which is a by-product of iron, is increasingly being used in the manufacture of blended Portland cement. Due to its high durability and strength, slag cement can be used in general construction and high-compressive projects such as ports and offshore platforms. "We could not produce slag c... |
Indonesia demand up 7.5 per cent17 September 2009, Published under Cement NewsCement sales in Indonesia rose 7.5 per cent to 3.57Mt in August from the same period last year on growing demand. The increase was a record high this year, the Indonesian association of cement producers (ASI) said. ASI chairman Urip Timuryono said the cut in Bank Indonesia key interest rate that has boosted the property sector, also contributed to the increase in cement sales. The country’s largest cement maker PT Semen Gresik said cement market began to be brisk in the past two months. ... |
DG Khan Cement returns to full-year profit on costs, prices17 September 2009, Published under Cement NewsDG Khan Cement Ltd, Pakistan’s second-biggest producer, returned to a full-year profit as coal costs declined, prices increased and a weakening local currency boosted the company’s revenue from overseas. Net income was PKR525.6m (US$6.3m), or 1.96 rupees a share, in the year ended June 30, compared with a loss of PKR53.2m, or 0.21 rupee, a year earlier, the Lahore-based company said in a Karachi Stock Exchange statement today. Sales rose 45 per cent to PKR18bn. The rupee depreciated 20 per... |
ACC’s expansion plans on track – official17 September 2009, Published under Cement NewsThe expansion plans of ACC Ltd, India’s largest cement maker, are on track but costs on some of the projects have been marginally higher than expected, a top official said on Thursday. "There have been some marginal cost overruns," Managing Director Sumit Banerjee told reporters at an industry conference. "Part of this increase has come from cement price increases." He did not specifically quantify the rise in costs, although he said planned capital expenditure in 2009 would be 16 billion ... |
Votorantim seeks cement acquisitions outside Brazil17 September 2009, Published under Cement NewsVotorantim Cimentos Ltda., which controls 40 percent of Brazil’s cement market, is seeking international acquisitions, Chief Executive Officer Walter Schalka said. “We’re looking for broader geographical diversification,” Schalka said today in an interview in Sao Paulo. The cement unit of Brazil’s Grupo Votorantim, controlled by the Ermirio de Moraes family, last year paid $130 million for a 15 percent stake in Cementos Bio Bio SA in Chile. Votorantim Cimentos has a 30 percent market share... |
Aggregate Producers Positioned for a Recovery in 201017 September 2009, Published under Cement NewsAfter a forecasted 40% peak-to-trough decline in domestic demand for construction materials by the end of 2009, analysts expect volumes to begin to gradually trend up starting in 2010. A report by Patricia Oey in the Morningstar.com says that by that time, it expects stimulus spending on roads and infrastructure and a recovery in residential construction to drive growth in demand for construction materials, which will be somewhat offset by declines in nonresidential construction spending. St... |