Cement News tagged under: international
Boral’s increased US losses19 August 2009, Published under Cement NewsBoral’s full year turnover to the end of June amounted to Aus$4,875m (€2,843m), a 6.2% reduction, and the EBITDA was down by 21.7% to Aus$539m (€314m). The Australian EBITDA was down by 12.8% to Aus$573m (€334m) and North America went into a loss and lost Aus$61m (€35m), but the Asian operations increased the contribution by 87.5% to Aus$30m (€16.5m). The trading profit fell by 38.4% to Aus$276m (€161m) and with an interest charge some 14% higher at Aus$127m (€74m), the pre-tax profit drop... |
RML plans to set up 1Mt cement plant, India18 August 2009, Published under Cement NewsIron ore mining firm Rungta Mines (RML), the flagship company of SR Rungta group, plans to set up a 1Mt cement plant in Orissa with an investment of around Rs 600 crore, a top company executive said. The move, proposed to be funded through a mix of debt and internal accruals, would diversify the business of the group beyond mining and steel production. "Cement project is currently in the evaluation stage and if finalised, will be established in Orissa," said Siddharth Rungta president of pr... |
L&T restructuring plan to be implemented next year18 August 2009, Published under Cement NewsEngineering and construction giant Larsen and Toubro (L&T) will initiate its third round of major business restructuring in 2010 and has appointed consultants McKinsey and Bain to guide it, as also in the succession plan, with chairman A M Naik retiring in September 2012. Since 2000, L&T has implemented two five-year plans to reposition the company, which was heavily into engineering, procurement and construction segments, with a large exposure to commodity businesses such as cement and rea... |
Indonesian monthly growth18 August 2009, Published under Cement NewsIndonesian cement sales rose for the first time year-on-year in July this year, growing 2.8 per cent to 3.51Mt from 3.41Mt in the same month last year. Low lending credit rates, following steady cuts in the Bank Indonesia key rate to 6.5 per cent earlier this month, contributed to the revival of the property sector, one of the main consumers of cement, the cement makers’ association said. Lending rates were still high in the first half of this year forcing developers to postpone their proj... |
Cemex sees recovery in US market18 August 2009, Published under Cement NewsCemex said on Monday that it saw signs of recovery in its key U.S. market, where it is a major player. "We expect the moderate recovery that seems to be starting in some parts of the country to gradually gain strength," Hector Medina, vice president of finance, told analysts in a conference call. He said Cemex’s forecast for the U.S. market was more conservative than consensus. Source: Reuters |
Appeal against North Otago cement plant dismissed17 August 2009, Published under Cement NewsThe Environment Court has dismissed an appeal against the building of a US$300m cement plant at Weston near Oamaru by Holcim. The Otago Regional and Waitaki District councils had earlier granted resource consents, but this was appealed against. In a 100-page decision, the court has confirmed the more than 40 resource consents needed for the North Otago plant. Holcim New Zealand now has seven years to make use of the consents. The company wants the option to build a plant at Weston with t... |
Jordan Lafarge increases prices17 August 2009, Published under Cement NewsJordan Lafarge Cement Factories Co. has increased its pre-tax sale price of cement by JOD1.2/t. The Jordan Times has reported. The company has attributed the decision to last Thursday’s update of industrial fuel prices, which increased by 4.5% and for diesel by 3.5%. |
India prices down in south and west but up in north, east17 August 2009, Published under Cement NewsIndian makers have reduced the price of cement by INR5-8 a bag in the southern and western markets, but have increased the price by INR5-10 per bag in the northen and eastern parts of the country. "Since last week, cement makers have lowered the price by INR5-8 per bag in south and west, but hiked the price by INR5-10 per bag in north and east," a top industry official said. "Demand and supply determine the price of a commodity. This is basically the reason why prices went up in north and... |
Pacasmayo set to enjoy second quarter17 August 2009, Published under Cement NewsAfter a difficult first half of the year involving heavy rains and social conflict nearby, northern Peruvian cement group Cementos Pacasmayo expects a better second semester and hopes to exceed its cautious predictions of 2% growth (initially it had predicted 3.9% growth but Peru’s GDP expectations were reduced and the firm reacted with a new prediction) for the whole of 2009. Pacasmayo ranks second in the national sector with a market share of 19.1% (in June 2009). It is considering a new... |
Central governor still disappointed with plant cancellation, Indonesia17 August 2009, Published under Cement NewsCentral Java Governor Bibit Waluyo said he was still disappointed over the cancellation of the cement plant project in Sukolilo subdistrict, Pati regency. "I am disappointed because the huge investment was also cancelled, affecting investor confidence in us," he said after attending a special plenum of the Central Java legislative assembly for listening to the President’s address before the House of Representatives in Semarang Friday. He said the cement plant with a planned investment of I... |