Cement News tagged under: international
Indonesia Gresik posts 5.7 per cent fall in sales23 July 2009, Published under Cement NewsIndonesian state cement producer PT Semen Gresik reported a 5.7 per cent decline in cement sales in the first half of this year to 8.39Mt on weak demand on the domestic market. Cement consumption in Indonesia fell 8.4 per cent to 19.49Mt in the first six months of the year compared with the same period last year. The purchasing power of the consumers in general was weak, Sunardi, corporate secretary of the country’s largest cement maker told the newspaper Investor Daily. Based on data ... |
Reliance Infrastructure to set up plant in Maharashtra22 July 2009, Published under Cement NewsRevealing ambitious expansion plans, Anil Ambani Group company Reliance Infrastructure on Tuesday said it would invest INR100bn (US$2.07bn) to set up cement plants in Maharashtra. At its 80th Annual General Meeting, Reliance Infra Chairman Anil Ambani further disclosed that the company, which is a major player in power, road, metro and real estate sectors, has emerged as the highest bidder to develop and operate five non-metro airports in the state. Observing that about 40 per cent of the c... |
Binani Cement 1Q net profit INR1.07bn Vs INR533m22 July 2009, Published under Cement NewsIndia’s Binani Cement Ltd said Tuesday its first quarter net profit doubled to INR1.07bn from INR533.0m a year earlier. Net sales for the quarter ended June 30 jumped 61% to INR5.24bn from INR3.2bn, the cement producer said in a statement. The statement didn’t give a reason for the surge in net profit. Total costs increased to INR3.79bn from INR2.52bn, but power and fuel costs shrank to INR1.13bn from INR1.15bn a year earlier, it said. |
Cement price correction, India22 July 2009, Published under Cement NewsCement makers in north, central and east India are likely to be the least affected due to the expected cement price correction in the coming quarters. Demand in these regions is anticipated to remain robust, thereby ruling out the possibility of steep price cuts. The south- and west-based companies will bear the brunt as these two regions have already shown less than the average national demand growth. Analysts tracking the cement industry told Business Standard that southern and western r... |
HeidelbergCement to sell Malaysian assets for US$400m-500m22 July 2009, Published under Cement NewsHeidelbergCement AG is looking to sell its Malaysian assets for US$400m to US$500m, according to banking sources. An information memorandum recently went out and bids were said to have come in from private equity sponsors and strategic investors, the sources told Reuters. Financial adviser Standard Chartered Bank is providing a staple financing for the debt portion of the deal. The company is loaded with debt from its 2007 takeover of British rival Hanson, and is looking to sell assets wo... |
Upbeat year for cement industry, says Birla22 July 2009, Published under Cement NewsUltraTech Cement, the country’s largest manufacturer, is part of the Aditya Birla group. Kumar Mangalam Birla, chairman of the group, said: “The industry demand may grow at nine per cent for the year, given the government initiatives to boost rural development, infrastructure and housing, all of which provide a growth impetus.” He was speaking at the 9th Annual General Meeting of UltraTech. Industry was earlier of the view that the current fiscal would end with a growth rate of around sev... |
Siam Cement sees 2009 demand falling 5-10 per cent22 July 2009, Published under Cement NewsThailand’s Siam Cement PCL expects domestic cement demand to fall 5-10 per cent in 2009 but is banking on a recovery in 2010 on the back of government spending on infrastructure. Siam Cement predicted domestic consumption of 23Mt this year, with its own cement sales falling in line with the industry, cement division president Pramote Techasupatkul said. "For the full year, we expect cement demand to fall by 5-10 per cent. The decline is close to the range of last year. It’s not a big worry... |
Cimerwa progresses with new plant, Rwanda22 July 2009, Published under Cement NewsIn a move to construct a new cement plant, Rwf655m has been allocated for the expropriation of about 284 families in Muganza sector, Rusizi district in Western Province. The money will be given out by CIMERWA, Rwanda’s only cement factory, to families and to be resettled by local leaders according to officials. About Rwf300,000 was paid to the sector for each family. This was revealed by Jean Claude Barihuta the Director General of CIMERWA during a public consultation meeting held at Hot... |
Growth in prices due to State support, Kazakhstan21 July 2009, Published under Cement NewsThe increase in prices for cement from KZT8000 to 16,000/t was due to increased state support for the construction industry, Chairman of the Association of Constructors of Kazakhstan, Aydyn Rahimbaev, stated in an interview with journalists following a selective government session, Kazakhstan Today reports. "All programs were launched simultaneously: the state support program for construction companies, the Samruk-Kazyna program, and the program for the purchase of apartments. Demand for ce... |
Mozambique: cement factory cuts pollution21 July 2009, Published under Cement NewsThe Maputo cement factory in the southern Mozambican city of Matola inaugurated a bag filter that will reduce the emission of pollutants that has long characterized this factory. The factory is owned by Cimentos de Mocambique (Cements of Mozambique), in which the main shareholder is Cimpor, and it has an extremely poor environmental record. Frequently cement dust, and often it carpeted the area near the factory, much to the annoyance of Matola residents and of other nearby, less polluting i... |