Cement News tagged under: international
First clinker produced at Cimpor’s Hasanoglan cement10 August 2009, Published under Cement NewsCimpor Yibitas’ new 2500tpd clinker line at its Hasanoglan’ works has reached completion stage and the factory produced its first clinker on 29 July 2009. The contract for the new line was awarded to EKON Construction and Trade Inc on a turnkey basis on 20 August 2007. The project, covering the engineering, procurement, construction, erection, start up and commissioning of the new Greenfield clinker line, cement additives and cement grinding facilities has been put into operation as one of ... |
Mangalam Cement awards orders to Thermax & TDPS07 August 2009, Published under Cement NewsMangalam Cement, a part of the BK Birla group awarded two orders to Thermax and Denki Power Systems (TDPS) for captive thermal power plant with a capacity of 17.5MW capacity. Order for boiler has been finalized in favour of Thermax and the order for the turbine generator in favour of Toyo Denki Power Systems (TDPS). The plant is expected to be commissioned within a period of 18 months. |
Siam City Cement 2Q Net Profit down07 August 2009, Published under Cement NewsSiam City Cement PCL posted a 9.5% drop in second quarter profit to THB694.8 million due to falling revenue. Thailand’s second largest cement maker by output said its profit was down from THB768 million a year earlier. Revenue dropped 5.7% to THB4.9 billion during the April to June period from THB5.2 billion last year, it said in a filing to the Stock Exchange of Thailand late Thursday. |
Former Cemex plant posts record monthly production07 August 2009, Published under Cement NewsThe former Venezuelan branch of Mexican cement giant Cemex, nationalised last year, has posted record production at one of its plants, totaling 240,925t last month, state news agency ABN reported. Production at Anzoátegui state’s Pertigalete plant was the highest in the last eight years, and was the result of an increase in the company’s operating hours, and the purchase and installation of four compression facilities. According to the report, improvements and maintenance carried out on ... |
Kesoram Ind begins commercial prod at Karnataka unit07 August 2009, Published under Cement NewsKesoram Industries, part of the BK Birla group today said that the commercial production of cement at the Unit-IV in Vasavadatta Cement, a section of the company at Sedam in the state of Karnataka has started from Aug. 07, 2009. |
Sberbank to loan $62m to Novoroscement06 August 2009, Published under Cement NewsKrasnodar region-based cement manufacturer Novoroscement has announced plans to take out a $62m loan with Sberbank, the company reports. The funds are reportedly to be loaned for three years, the interest rate has yet to be disclosed. Under plans, the funds are to be spent on technological projects, including construction of new production lines |
Vulcan loses money in cement06 August 2009, Published under Cement NewsVulcan Materials’ first half turnover fell by 28.1% to US$1,322.2m and the running EBITDA dropped by 37.3% to US$258.8m, while at the pre-tax level a loss of US$20.3m was incurred compared with a US$226.0m profit a year earlier. Capital investment in the period declined by 69.8% to US$60.1m, while the net debt amounted to US$2950.2m to give a gearing of 60.9%. Turnover from aggregates dropped by 26.0% to US$899.4m as the tonnage fell by 30.9% to 66.02Mt (72.78Mst), while the average price ... |
Lucky Cement full-year06 August 2009, Published under Cement NewsLucky Cement has posted PKR4.596bn net profit in financial year 2008-09 over PKR2.677bn recorded in the previous year, depicting 72 per cent growth. According to a notice of the Karachi Stock Exchange on Wednesday, earnings per share (eps) of the company also rose to PKR14.21 in the year under review as against PKR9.84 a year ago. The company registered record gross sales revenue of PKR30.915 billion, which is 48 per cent higher than the last year whereas net sales also recorded inc... |
Egypt is Vicat’s star performer06 August 2009, Published under Cement NewsVicat’s first half turnover declined by 8.8% to €962m, which represents a 12.4% reduction on a comparative basis and the EBITDA was off by 14.7% to €230m. The net attributable profit fell by 30.6% to €89m. Capital expenditure in the first half amounted to €154m, a reduction of 35%. The gearing remains modest at 39.0% with net debt standing at €766m. Group cement shipments increased by 1.2% to 7.33Mt, though the turnover from cement was 1.2% lower at €579m. Cement accounted for 53% of turno... |
Kenya’s Athi River H1 09 pretax profit up 16 per cent05 August 2009, Published under Cement NewsKenya’s third-biggest cement maker, Athi River Mining, said on Wednesday pretax profit for the first half of 2009 rose 16 per cent to KES2.4bn (US$31.35m). The company said turnover rose by 16 per cent, with half of it coming from cement sales. Pretax profit stood at KES2.07bn in the first half of 2008. Earnings per share rose 32 per cent to KES6.06 from KES4.60 in the same period a year ago, the company said in a statement. The company is building a US$120m, 4000tpd cement plant in Tang... |