Cement News tagged under: international
Dalmia capacity expansion plans13 August 2009, Published under Cement NewsAs part of a plan to put one of India’s oldest business groups back on the growth track, Puneet Dalmia has chalked out an ambitious strategy to triple the Dalmia group’s cement manufacturing capacity over the next decade. Market pie: Dalmia Cement (Bharat) Ltd managing director Puneet Dalmia says if the company can capture a small fraction of the gross domestic growth, it will be enough on its plate to concentrate on. Dalmia Cement (Bharat) Ltd, or DCBL, the second largest cement maker ... |
Egypt cement imports to hit 1Mt by end Aug12 August 2009, Published under Cement NewsEgypt imported 512,000t of cement from January to August 5 and the figure is expected to almost double to 1Mt by the end of August, the Trade Ministry said on Tuesday. Rising local demand for cement had prompted the ministry to extend a ban on cement exports first introduced in April until October 2010. Article Controls Housing demand in Egypt remains buoyant even as hundreds of billions of dollars worth of construction projects have been put on hold elsewhere in the Middle East since th... |
Reliance Infra to handle ADAG’s cement business12 August 2009, Published under Cement NewsReliance Infrastructure Ltd will undertake the cement business for the Anil Ambani group. Earlier, the responsibility was with group company Reliance Natural Resources Ltd. “With a view to optimising internal synergies and consolidating all our infrastructure and related businesses under one roof, we have decided that our cement business will be implemented by Reliance Infrastructure,” Mr Anil Ambani, Chairman of the group, told shareholders on Tuesday. Last week, another group company, ... |
Carib Cement sales grow as exports climb12 August 2009, Published under Cement NewsStill facing the prospect of further competition from imports, monopoly cement producer Caribbean Cement Company Limited’s domestic sales slumped in the June quarter but were offset by cement and clinker exports. As those sales fall, and the debate rages over whether the local producer should be protected from competing products made overseas, Carib Cement has also signalled it will be taking legal action to safeguard its interests. Its cement sales in Jamaica fell 54 per cent relative t... |
Steppe Cement increases sales in a falling market12 August 2009, Published under Cement NewsThe Kazakh cement producer Steppe Cement increased the amount of cement sold in the first half by 7.3% to 0.42Mt, even though the first quarter had shown a 5.1% decline. The average price, however, dropped by 42.6% in local currency and the turnover fell by 38.4%. The average ex-factory cement price on conversion was US$51.49, while by the end of last month this had increased to US$68.65 per tonne. This compares with US$126/t in the first half of last year, but the Kazakh currency did fa... |
Buzzi Unicem’s net profit drops by 74.7%12 August 2009, Published under Cement NewsBuzzi Unicem’s first half turnover declined by 22.6% to €1,346.0m and the underlying EBITDA fell by 50.8% to €217.4m before an exceptional credit of €31.6m. For the full year, Buzzi Unicem is currently looking for a reduction in the running EBITDA of around 40%. The trading profit was down by 59.9% to €136.8m and, after a 59.6% increase in the interest charge, the pre-tax profit dropped by 74.7% to €80.3m and the net attributable profit by 75.9% to €40.6m. Net debt increased by 48.7% to €... |
India: infrastructure projects boost cement cos’ realisation11 August 2009, Published under Cement NewsCement companies seem to have benefited the most in the first quarter of financial year 2009-10 from the slew of infrastructure projects announced by the Government. Besides, the sharp drop in operational cost with fall in coal prices and an average increase of INR20 a 50kg cement bag has worked wonders for companies. Cement companies’ realisation has gone up not only year-on-year basis but also sequentially. UltraTech Cement’s quarter-on-quarter realisation was up 14 per cent, Shree Cemen... |
HeidelbergCement Seeks Buyers for Hanson U.K. Units11 August 2009, Published under Cement NewsCement group eyes concrete offers for Hanson businesses German company HeidelbergCement looks to consolidate by offloading its non-core parts Parts of Hanson, the UK construction supplier, could be in different ownership by the end of the year as HeidelbergCement, the German cement maker, considers offloading non-core businesses. Hanson was bought by HeidelbergCement, for UK£8bn in 2007 but the economic downturn has led the debt-laden German group into looking to shed assets. Hanson was li... |
Ghana import facility receives government support10 August 2009, Published under Cement NewsThe Ministry of Transport is facilitating the construction of an import facility on the Aflao border by the Diamond Cement Company to reduce the transport cost of clinker from Lome to Ghana. The Deputy Minister of Transport, Dzifa Aku Ativor led a delegation of Ports Civil Engineers from her Ministry and officials of the Ghana Shipper’s Council to inspect the project site at Aflao. She said the necessary documentation and support will be offered to ensure that the project materialises.... |
Ste. Genevieve plant still on target10 August 2009, Published under Cement NewsThe new Holcim (US) Cement Plant in Ste. Genevieve is still on target for completion later this summer. Company officials have said the plant is in the commissioning and start-up phases. When production is in full swing the plant payroll is expected to exceed $10 million each year. It is also expected to generate local taxes totaling $25 million a year. The plant is located on nearly 3,900 acres in Ste. Genevieve and Jefferson counties. The facility occupies 1,700 acres, which includes the... |