Cement News tagged under: international
Mixed results for Chile’s producers18 May 2009, Published under Cement NewsChile’s three cement producers - Bío Bío, Polpaico and the local unit of Lafarge - posted mixed results in the first three months of 2009 compared to the same year-ago period, according to separate reports filed with the country’s securities regulator SVS. Cementos Bío Bío posted consolidated net profits of 415mn pesos (US$739,262), a 91.5% drop from the 4.87bn pesos reported for the same period in 2008. Revenues decreased 1.9% to 85.4bn pesos, mainly due to a decrease in cement demand ca... |
Peru’s Jan-April cement production up18 May 2009, Published under Cement NewsPeru’s overall cement production rose 3.78% in January to April to 2.17Mt, compared with 2.09Mt in the same period last year, the National Association of Cement Producers, or Asocem, said Friday. Asocem said cement production totaled 524,640t in April this year, down from 551,888t in March. Cement production in Peru has grown alongside the expanding economy, which grew by 9.8% last year. |
East African Portland says profit may plunge, Kenya18 May 2009, Published under Cement NewsKenya’s second biggest cement producer, East African Portland , warned on Monday that its profits for the year ending June 2009 could be less than 25 per cent of what it achieved the previous year. "East African Portland Cement wishes to announce... that the projected earnings level for the year ended June 30, 2009, may be lower than 25 percent of that achieved in the year ended June 30, 2008," it said in a statement. Portland said that although production was up 3 percent and revenues had... |
HeidelbergCement may sell stake in Indocement18 May 2009, Published under Cement NewsHeidelbergCement may sell up to 14 per cent of its majority stake in Indonesian unit PT Indocement Tunggal Prakarsa to reduce its debt, sources familiar with the deal said. HeidelbergCement, which has a 65 per cent stake in Indocement, is laden with debt from the takeover of British rival Hanson but might still want to retain 51 per cent control over Indonesia’s second biggest cement maker, said the sources, who declined to be identified because a deal was not public. A source who has been... |
Chettinand Cement to add 2Mta capacity18 May 2009, Published under Cement NewsChettinad Cement Corporation plans to add 2Mta cement capacity at its Dindigul unit in Karikkali village, Tamil Nadu. The company’s board recently cleared the Rs 500 crore investment proposal. Currently, the company has a 1.4Mt unit and a 15MW captive power plant at Dindigul. The company’s ongoing expansion plan at Ariyalur in Trichy district is progressing as per schedule. The first phase of the Rs.450 crore expansion is expected to be commissioned in March 2009. At Ariyalur the company is... |
Pati cement factory development postponed18 May 2009, Published under Cement Newshe Central Java provincial administration has postponed the development of a cement factory in Sukolilo district, Pati regency, because the land acquisition process for both the factory and exploration sites remains unresolved. The launching of the cement factory development, which is the result of cooperation between the provincial administration and state-owned cement company PT Semen Gresik, was initially to be held Saturday. "We want a win-win solution in acquiring the land for the pro... |
Oversupply in cement could squeeze margins in FY1018 May 2009, Published under Cement NewsOver-supply in cement in FY10 could depress prices and squeeze margins by 2-5 per cent, estimate research analysts. The cement industry will add 40-45Mt of capacity this financial year, increasing capacity by 21 per cent. The industry had an installed capacity of 212Mt last financial year, while consumption was 176Mt. Already, 7Mt of supply has been added till April 2009; another 20Mt will get added this financial year. “We expect cement prices to decline sharply from the third quarter of ... |
ACC: demand for cement strong15 May 2009, Published under Cement NewsIndia’s single-largest cement maker by capacity, Thursday said local demand for cement is strong and the company’s expansion plans are on track. However, "demand generally comes under pressure with the onset of the monsoons," Managing Director Sumit Banerjee told reporters on the sidelines of an industry event. Cement demand in the country generally slips with the onset of monsoon season, when construction work generally slows down. Monsoon season in India runs from June to September. Ban... |
Chettinad Cement to expand capacity in TN unit15 May 2009, Published under Cement NewsChettinad Cement Corporation Ltd plans to add a 2Mta cement production line at its Dindigul unit in Tamil Nadu. According to information provided by the company to the stock exchange, its board has accorded in principle approval to set up a second line at its Dindigul cement plant in Karikkali village where it has a 1.4Mt unit and a 15MW captive power plant. Company officials declined to elaborate on the investment details and plans. However, based on current estimates the investment could... |
Cimpor Q1’ 09 profit falls 9.9% YoY15 May 2009, Published under Cement NewsCimpor posted a net profit of EUR 54.6m (US$74.5m) for the first quarter of 2009, which was a 9.9% YoY fall. Cimpor decided to release its results on May 14 instead of May 27 as planned because the figures are positive, the company said. Amid the adverse conjuncture, many of the big international cement players registered a significant deterioration in the operating results or even posted losses, it added. The company’s consolidated profit, after minority interests, dropped 11% to EUR51.2m... |