Cement News tagged under: international
India cement demand to grow by 8% in next year29 August 2009, Published under Cement NewsACC said that the demand for cement will pick up by eight per cent in the next one year led by housing, retail and infrastructure sectors; however, monsoon failure could have adverse impact. "We continue to maintain an encouraging outlook for the industry in foreseeable future based on positive gains of growth in demand, led by housing, retail and infrastructure sector. We expect that demand for cement consumption will grow at around eight per cent at least for the next one year," ACC Manag... |
Eurocement to build US$500m cement plant in Voronezh region28 August 2009, Published under Cement NewsEurocement Group has announced $500m plans to build a cement factory in Voronezh region. The plant is reportedly to be located in the region’s Podgorensky district. The plant’s projected annual capacity is up to 2 mln tons of cement. Construction is scheduled to begin in August 2009 and last up to two years. |
Siberian Cement suspends investments in all new projects28 August 2009, Published under Cement NewsAccording to a new investment program of the second largest cement holding of Russia - Siberian Cement Holding Company OJSC, the company has suspended investments in all new projects. Only a line at Krasnoyarsk Cement Plant (1.2Mta) is under construction. The holding will start constructing another five plants with a capacity of 10Mt and with the volume of investments over US$1.5bn in 2-4 years, when, according to analysts forecasts, demand for cement will be restored, Kommersant reported |
Titan advances in Egypt28 August 2009, Published under Cement NewsTitan’s turnover declined by 10.6% to €683.7m in the first half, while the EBITDA was off by 16.1% to €161.1m and the pre-tax profit fell by 37.2% to €76.8m and the net attributable profit by 48.8% to €59.4m. Capital investments amounted to €106m and a further €4m were spent on acquisitions, mainly buying in minorities. Net debt at the end of June stood at €1027.9m to give a gearing of 71.9%. Group cement deliveries declined by some 11% to 7.6Mt, with only Egypt showing higher volumes. ... |
Lafarge Malayan pre-tax profit up28 August 2009, Published under Cement NewsLafarge Malayan Cement Bhd announced that pre-tax profit for its second quarter ended June 30, 2009, rose to RM90.363m from RM66.993m in the corresponding quarter last year. However, revenue was only marginally higher, at RM630.893m from RM630.618m previously, the group said in a statement on Thursday. For the half-year period, its pre-tax profit rose to RM191.459m from RM133.286m in the previous corresponding period as revenue went up to RM1.240bn from RM1.190 billion. Despite the contra... |
CRH first half turnover down, cautious on recovery hopes28 August 2009, Published under Cement NewsWith CRH’s first half turnover down by 14.6 per cent to €8292m, the company is taking a more cautious approach to its outlook. EBITDA declined by 41 per cent to €651m, the trading falling by 66.2 per cent to €241m and the pre-tax profit dropping by 82.2 per cent to €108m. CRH said the first quarter of the year was particularly severe, with the rate of decline easing in the second three months. In Ireland, a €8m trading loss was incurred, compared with a €56m profit last year, on a turnov... |
Efforts to revive Cement Corp’s Adilabad unit, India27 August 2009, Published under Cement NewsA meeting of Industrial Financial Reconstruction (IFR) has been convened for August 27 to explore the possibility of extending some relief measures aimed at reviving the ailing Cement Corporation of India (CCI) plant located in the district of Adilabad. The Prime Minister’s Office and the Union Ministry for Heavy Industries have already been informed about the concessions extended and requested the Government to consider a revival and restructure package for the cement factory. The issue o... |
Holcim to boost Misamis Orient operations, Philippines27 August 2009, Published under Cement NewsAfter more than a year of putting operations on hold, Holcim Philippines, Inc is now ready to resume activities at its Misamis Oriental plant, citing improvement in demand from infrastructure projects and property developers. In a statement yesterday, Holcim said its second production line in Lugait, Misamis Oriental would resume operations in November. The cement company said market demand has significantly picked up this year as shown by improved sales volume across all regions, notably ... |
Egypt powers Cimpor’s results27 August 2009, Published under Cement NewsCimpor’s first half turnover improved by 1.1% to EUR1,023.0m, with significant increases in Egypt and China making up for falling sales on the Iberian Peninsula and in Turkey. The rising profitability in Egypt, South Africa and Brazil was sufficient to make up for reductions in Spain, Turkey and Portugal and the EBITDA improved by 6.8% to EUR298m. Margins improved thanks to the strength in come high margin countries and lower downstream sales. After a 16.1% rise in depreciation and provis... |
Vietnam firm to start work on new plant26 August 2009, Published under Cement NewsDong Lam Cement Stock Company will kick off construction of the Dong Lam cement plant worth VND3.6 trillion (US$202m) in the central province of Thua Thien Hue in the first quarter of 2010, the Vietnam Economic Times newspaper said Tuesday. The plant, to be located in Phong Xuan and Phoang An communes in Phong Dien district, will have a designed production capacity of 1.5Mta of cement. It is expected to turn out the first batches of cement in the first quarter of 2012. |