Cement News tagged under: international
Shree Cement to invest in expansion, India28 July 2009, Published under Cement NewsShree Cement Ltd proposes to invest in increasing cement and power capacities. According to a company note, it plans to invest INR1000 crore and is setting up cement-grinding units in Suratgarh and Roorkee of 1.5Mta and 1Mta respectively. The commissioning of Suratgarh unit is scheduled for December this year, while the Roorkee unit will come on stream in February 2010. Shree Cement net up six-fold at Rs 236 cr. The company will also add roller presses at its units in Khushkhera, B... |
Czech cement output slumps by a quarter in 1H28 July 2009, Published under Cement NewsCement production in the Czech Republic fell by around one-quarter YoY to 1.656Mt in the first half of this year, the Association of Cement Producers has said on its website. Cement sales on the Czech market decreased at roughly a similar pace and reached 1.506Mt. "While results of cement sales on the domestic market in the first quarter were influenced above all by very unfavourable climate conditions, which in the first quarter of last year were very favourable, the second quarter was ... |
China cement output rises28 July 2009, Published under Cement NewsThe National Development and Reform Committee (NDRC) announced that domestic cement production reached 734.62Mt in the first half year, increasing by 14.9 per cent on a YoY basis. A statement released on its website said the growth rate was 6.2 per cent higher than the same period of last year. In the first six months, cement prices saw a decrease trend all over China. In June, the average price of key monitored cement enterprises was CNY289/t, CNY16 lower than in May. In the first five ... |
Guatemalans protest cement plant27 July 2009, Published under Cement NewsThousands of Guatemalan Indians and peasants continued Tuesday their peaceful march on the capital to express opposition to mining and to the construction of a cement plant in this Central American country. Organizers say that more than 10,000 inhabitants of San Juan Sacatepequez, a town 35km (22 miles) from the capital, marched Tuesday through Guatemala City towards the presidential residence. The outcry against the installation of the Cementos Progreso plant in Sacatepequez began in Dece... |
Saudi annual cement sales growth up in June27 July 2009, Published under Cement NewsThe annual growth in cement sales by Saudi firms rose to 4.7 per cent in June, more than twice its level in May, according to data released on Saturday by NCB Capital. Saudi cement firms despatched 19.36Mt of cement in the six months to June 30, up 4.7 per cent from the same period earlier, data in a NCB Capital report showed. In the five months to May 2009, cement sales rose 1.96 from the same period a year earlier, according to NCB Capital data. For the month of June, Saudi cement firms ... |
Ambuja Cement production up by 8.2 per cent27 July 2009, Published under Cement NewsAmbuja Cements Ltd (ACL) today announced that production of cement for the quarter ended June 30, went up by 8.2 per cent, to 4.9Mt, compared to 4.5Mt for the same quarter last year. Sales volumes increased by 10.3 per cent, from 4.4 to 4.8Mt, of which exports were 0.22Mt compared to 0.08Mt last year. Net sales increased by 18.1 per cent, to reach INR1,847 crore, on the back of the higher volumes and improved realisations, said a company statement. Major input costs grew more slowly, and c... |
Raysut cement Q2 profit up by nine per cent27 July 2009, Published under Cement NewsOman’s Raysut Cement Company reported the profit of SAR9.46m in the 2Q up 8.99% from the year earlier period. It said that the company had profit of SAR 17.3m before tax in the 6 months ended June 30th compared with SAR 20.53m a year ago. Reuters calculated the Q2 figure based on the company’s earlier financial statements. Raysut Cement posted a net profit of SAR 8.68 million in the Q2 of 2008. |
Shree Cement 1Q net profit soars as power ops helps27 July 2009, Published under Cement NewsIndia’s Shree Cement Ltd said Friday its fiscal first-quarter net profit soared from a year earlier, helped by increased contribution from its power business. The company’s net profit for the quarter ended June 30 rose to INR2.91bn from INR1.11bn in the year-earlier period, the company said in a statement. Net sales for the period rose 50% to INR9.22bn from INR6.14bn a year earlier, the company said. Profit before tax from the power segment rose to INR1.27bn from INR207.62m. Shree Cement... |
Semen Gresik plans new plant, Indonesia27 July 2009, Published under Cement NewsState cement producer PT Semen Gresik is planning to invest IDR3.5trn (US$3.5m) to build a new cement plant in Indarung, West Sumatra, to boost its production capacity. “Semen Gresik subsidiary PT Semen Padang will manage the new plant,” Semen Gresik president director Dwi Soetjipto said at a memorandum of understanding signing ceremony between state electricity company PT Perusahaan Listrik Negara (PLN) and the Semen Gresik group in Jakarta, on Friday. Dwi said the new plant’s constructi... |
Albania approves construction of plants worth over EUR1bn27 July 2009, Published under Cement NewsAlbania has approved urban planning studies that open the way for the construction of new cement plants totaling more than EUR1bn. The Territory Adjustment Council (TACRA) chaired by Prime Minister Sali Berisha approved the studies, the cabinet (www.km.gov.al) said in a statement. Domestic demand for cement and construction materials is rising due to infrastructure projects, Berisha noted. He called for an open study on the new plants to be carried out with environmental groups, a precede... |