Cement News tagged under: international
Dalmia Cement sees pricing pressure in FY1002 June 2009, Published under Cement NewsDalmia Cement (Bharat) Ltd expects pricing to come under pressure in the second half of the current fiscal, a senior official said on Monday. "I don’t expect prices to go up this year as in the coming months construction activity may slow down because of the monsoon and prices may remain flat," Puneet Dalmia, vice-president told television channel NDTV Profit. "I am a little bit more cautious in my outlook because a lot of capacities is coming up in the second half of this year and from De... |
Turkish production grows 12.9% YoY in Jan-Feb02 June 2009, Published under Cement NewsDomestic cement production increased by 12.9%YoY to 6.08Mt in Jan-Feb, according to data of the Turkish cement manufacturers’ association (TCMA). Domestic cement sales in the same period dropped 9.16% YoY to 4.02Mt on the back of slowdown in local construction sector. Exports, however, soared by 99.6% YoY to 2.09Mt. Clinker production, on the other hand, fell 10.96% YoY to 6.16Mt in the above mentioned period. Most of the cement production took place in the Marmara region with 1.7Mt, fo... |
Power cut to cost Mugher over 150mln birr in lost revenue01 June 2009, Published under Cement NewsMugher Cement Enterprise of Ethiopia is set to lose 150.3 million birr in lost revenue this month due to power cut, it was learnt. Owing to the current power constraint, the Ethiopian Power and Electric Corporation (EEPCo) cut almost entirely power supply to Mugher since May 9 along with other 99 factories whose power consumption is high. The power cut is scheduled to last for a month. Mugher is currently undertaking maintenance and related activities with the diminished power supply it cu... |
HeidelbergCement Rises on Merckle Refinancing Talk01 June 2009, Published under Cement NewsHeidelbergCement rose in Frankfurt trading on speculation that its majority owner is close to a refinancing agreement. Heidelbergcement, owned by billionaire Ludwig Merckle, rose 5.8 per cent to EUR25.98 after gaining as much as 9.9 per cent earlier in the day. That gives the company a market value of EUR3.26bn (US$4.60bn). The Merckle group is nearing an agreement with 61 banks on repayment of its 8.4 billion euros of debt, German weekly Manager Magazin reported today. Options include sel... |
Titan advances in Egypt, but falls elsewhere29 May 2009, Published under Cement NewsTitan’s first quarter turnover declined by 9.5% to €307.9m while the EBITDA fell by 18.8% to €62.3m. At the pre-tax level the reduction was more marked, with a 51.8% drop to €22.1m, while the net attributable profit was 50.1% lower at €21.3m. The buying out of Lafarge’s share in the Egyptian joint venture and continued investment on the new production lines in Egypt and in Albania saw finance costs rise by 57.4% to €11.3m. Capital investment in the period amounted to €52.6m, of which arou... |
Titan net seen down 48 per cent28 May 2009, Published under Cement NewsTitan is expected to post a 48 per cent drop in first-quarter net profit, hurt by weak construction activity in the United States and southeast Europe. The average forecast of seven analysts polled by Reuters for net profit was EUR22.4m (US$31m), with estimates ranging from EUR10.4-27.1m. "We expect a weak first quarter on the back of declining construction activity in Greece, a sharp drop in cement demand in southeast Europe and persistent adverse market conditions in the United States," ... |
Lafarge Malayan Cement Bhd posts 53 per cent YoY rise28 May 2009, Published under Cement NewsLafarge Malayan Cement Bhd has recorded a 53 per cent YoY jump in first quarter pre-tax profit to RM101.096m (US$28.7m) despite lower domestic cement sales and higher cost of fuel and other materials. The group’s revenue for the three months ended 31 March 2009 increased nine per cent to RM609.411m from RM559.607m for the same period a year ago mainly due to the impact of higher cement export, better domestic and export selling prices. "In addition to favourable contracted prices, the high... |
Cimpor: improving Egyptian, Brazilian and African profits make up for drop in Spain28 May 2009, Published under Cement NewsCimpor’s first quarter turnover improved by 3.5% to €481.6m, thanks to the initial consolidation of India and good growth in Egypt, Brazil, Africa and China more than making up for the reduction in Spain, Portugal and Turkey. Consolidated cement shipments were 5.5% higher at 6.2m tonnes, thanks to strong volume increases of 27.9% in Egypt and of 26.3% in China as well as an initial 0.26Mt contribution from Shree Digvijay in India. In a Spanish cement market that contracted by more than 4... |
Taiwan Cement ups investment in Guangxi Province of China27 May 2009, Published under Cement NewsTaiwan Cement Corporation, one of Taiwan’s leading producers, will invest US$100m to expand production capacity in Guangxi province of China, while trying to choose among three selected sites for its new plant. Taiwan Cement currently is the largest Taiwanese-invested firm in Guangxi province. Leslie Koo, chairman of Taiwan Cement, said Guangxi province has great potential as the government has kicked off a massive plan to build the Beihai Economic Zone. Since 2006, Taiwan Cement has enter... |
Ukraine cement production falls27 May 2009, Published under Cement NewsCement production in the Ukraine fell by 44.4% in April 2009, compared with April 2008, to 839,000t, according to information released by the State Statistics Committee. Cement production rose 35.3% in April, compared to March. In January-April 2009, cement output decreased by 54.5% to 2,164,000t against January-April 2008. |