Cement News tagged under: international
Oman’s cement prices expected to rise29 July 2009, Published under Cement NewsOman’s cement prices are expected to rise in the latter half of the year thanks to US$8bn worth of state projects awarded in the second quarter, including the expansion of Muscat airport and a highway, industry experts and analysts told Reuters. Oman’s two cement producers had lowered prices up to 40% in early 2009 in the wake of the global financial crisis as construction of private homes and corporate expansions eased. Source: AME Info |
US development team assesses Afghan cement plant29 July 2009, Published under Cement NewsAccompanied by members of Task Force Warrior and Task Force Gladius, a US government business and stability operations team visited the Jabal Saraj Cement Plant in Afghanistan’s Parwan province July 25 as part of a fact-finding mission. Deputy Undersecretary of Defense Paul Brinkley, director of a business and stability task force, and his team of development experts have worked in Iraq for the past three years building the private business sector, and now are travelling across Afghanistan ... |
Akmenes cement sales plunge, Lithuania29 July 2009, Published under Cement NewsAkmenes Cementas (Akmene Cement), the sole Lithuania’s cement manufacturer, posted LTL61m (EUR 17.68m) in revenues for the first half of this year, down 2.3 times from the year-earlier figure of LTL143m. Sales volume plummeted by 2.1 times, YoY, to 251,000t, Richardas Sudaris, the company’s spokesman, told BNS. "Both Lithuania’s and neighboring markets have contracted, the scale of construction has declined," he said. Akmenes Cementas posted LTL48.754m in net profit for 2008, down 9.7 per... |
Lafarge sells Chile cement and downstream assets?29 July 2009, Published under Cement NewsLafarge has agreed the sale of its cement and downstream operations in Chile to the Peruvian conglomerate Brescia Group for some US$466m. This is Brescia’s first investment in the cement sector. The deal values the business at 7.4 times last year’s EBITDA, compared with the 10 times achieved for the Turkish business, which was the previous integrated cement business sold by Lafarge. Lafarge Chile is currently 84.2 per cent owned by Lafarge, with the remainder of the equity being quo... |
Cemex pulled down by US and Spain29 July 2009, Published under Cement NewsCemex’s first half results to not include the operations in Venezuela and the Canary Islands, which had been included last year and this has distorted the comparison for South America and Spain. Certain other asset disposals have yet to be completed and, in some cases, are subject to dispute. Turnover in the first half declined by 33.1% to US$7,825.2m, while the EBITDA only did slightly worse with a 34.2% reduction to US$1,519.5m. Equity shareholders’ funds at the end of June amo... |
Tianrui Cement new line fired, China28 July 2009, Published under Cement NewsTianrui Cement’s 12000tpd NSP cement production line was fired in Xingyang, Henan, the most populated province in Middle China. Construction of the line began in December 1, 2008 and was completed in eight months by Tianrui Cement and the designer, Sinoma International Nanjing Cement Design & Research Institute. The owner, Tianrui Group Cement Co, Ltd, is one of the 12 cement enterprise groups with key national support and the largest cement supplier in Henan Province for years. In 2007,... |
Paraguay plant investment28 July 2009, Published under Cement NewsCamargo Correa Cimentos and Votorantim Cimentos have announced plans to invest US$100m to set up a cement plant at Villa hayers, in the outskirts of Asuncion, Paraguay. This would be the largest investment underway in Paraguay this year and account for 25 per cent of Brazilian investments so far in 2009. The cement plant, with capacity of 400,000tpa should start operations by end 2011. |
Lafarge invests in the Kaluga Region, Russia28 July 2009, Published under Cement NewsLafarge is planning to invest RUB18bn in the construction of a cement plant in the Kaluga Region, Russia. Governor of the Kaluga region Anatoly Artamonov, and president of Lafarge Vostok (a Lafarge company), Nicolas Fournier, have signed an investment cooperation agreement to implement the construction ofthe cement plant in the region. The enterprise will be located in the Ferzikovsky District. Last year Lafarge announced plans to build four cement plants in Russia -in Kaluga, Rostov Reg... |
Lebanese cement deliveries grow28 July 2009, Published under Cement NewsAccording to Assafir newspaper, a recently released report shows that the cement deliveries volume in the Lebanese markets grew by 19.7% in the first half of 2009 compared with the same period last year. |
Oman cement industry growth28 July 2009, Published under Cement NewsCement sales by the Sultanate’s two principal cement manufacturers grew by significant margins during the first half of this year, underscoring the construction sector’s pivotal role in sustaining the economy through the current global downturn. Half yearly financial results released by Oman Cement Company and Raysut Cement Company in recent days show increases averaging 17.5 per cent in cement sales during the first half of this year, compared to figures for the corresponding period last ye... |