Cement News tagged under: international
PCA forecasts concentrated weakness in 1H0911 May 2009, Published under Cement NewsAlthough all US market segments and all regions are expected to record significant declines in cement consumption during 2009, stimulus program-related spending and a stabilising economy in 2010 will lead to stronger gains, according to the most recent economic forecast from Portland Cement Association. PCA expects cement consumption to decline 17 per cent during 2009 to 77Mt. Viewed in context of 10-percent and 15-percent declines in 2007 and 2008, respectively, this reflects a peak to tro... |
Egypt is now Italcementi’s largest profit earner11 May 2009, Published under Cement NewsItalcementi’s first quarter turnover declined by 11.1% to €1201.2m, while the running EBITDA fell by 27.0% to €188.9m and the trading profit by 57.3% to €64.6m. The pre-tax profit dropped by 68.4% to €36.9m while the net attributable profit went from a €38.7m profit to a loss of €12.7m after charging €32.8m to minorities. The net debt at the end of March stood at €2689.5m, which represented a gearing level of 57.8%. Cement and clinker shipments were down by 12.8% to 12.9Mt, while in the do... |
Cemex in cement probe, denies collusion, Mexico08 May 2009, Published under Cement NewsCemex said on Thursday it was under investigation for possible collusion with its competitors in Mexico but denied any wrongdoing, reports Reuters. Mexico’s competition commission told Reuters this week it is investigating possible cartel behavior by big building materials companies and expects to announce results next year. Cemex said in a statement it was told of the probe in March and said it was preparing its response. "We are fully confident that we have acted within the law," the com... |
Birla expects 10Mt cement capacity in two years, India08 May 2009, Published under Cement NewsBirla Corp Ltd, part of the MP Birla Group, expects its cement capacity to rise to 10Mt in two years from 6Mt now, the company said in a release Thursday here. "The second and final phase of expansion at the Satna plant is likely to be completed by March, following which total clinker production capacity will increase by 2200tpd to 9600tpd," the release said. By the end of 2009-10, the capacity is expected to touch 7.5Mt. Birla in April expanded clinker capacity at Chanderia plant in Raja... |
Vicat receives boost from Egypt08 May 2009, Published under Cement NewsVicat’s turnover declined by 9.8% in absolute terms and by 14.0% on a comparative basis to €425m during the first quarter of 2009. The cement turnover actually increased by 3.5% to €221m, while volumes were 0.1% higher at 3.19Mt. Turnover in concrete and aggregates registered a 21.9% drop to €152m as aggregates shipments fell by 24.5% to 3.77m tonnes and ready-mixed concrete deliveries fell by 26.5% to 1.40Mm³, while other products and services contributed a 17.6% reduction in turnover to... |
HeidelbergCement sees comfort in China08 May 2009, Published under Cement NewsHeidelbergCement’s first quarter turnover declined by 23.9% to €2,359.4m and the EBITDA fell by 49.6% to €201.6m. The trading profit dropped by 94.2% to €11.3m, while at the pre-tax level there was a swing from a €14.9m profit to a loss of €195.0m, in spite of a 30.4% drop in the net interest charge to €136.8m. Capital investment was down by 32.4% to €132.8m, while spending on acquisitions dropped by 81.6% to €9.9m. Net debt of €12,076m was 0.7% lower than a year ago and represented a gea... |
Ciments Francais to pay extra div, Q1 net drops06 May 2009, Published under Cement NewsCiments Francais will pay a one-off dividend of four euros (US$5.36) a share if the planned takeover by majority shareholder Italcementi SpA goes through, Ciments Francais said on Tuesday. The French cement company also reported first-quarter results that showed a 42 per cent fall in net profit, to EUR54m ($72 million). It forecast its second-quarter result would be in line with that of the first. The drop in net profit stemmed from a drop in volumes and restructuring costs, Ciments Franca... |
Shree Cement shipments rise 28%, India06 May 2009, Published under Cement NewsCement maker Shree Cement said on Wednesday its April shipments rose 28.33 per cent to 788,000t, from 614,000t a year earlier. The firm has a capacity to produce 8Mta of cement at its plant in the northern state of Rajasthan. |
Cemex makes changes in management structure06 May 2009, Published under Cement NewsCemex said Tuesday it has reorganized some of its top management functions in an effort to increase efficiency. In a filing with the Mexican stock exchange, Cemex said that among the changes, Executive Vice President For Planning and Finance Hector Medina will become executive vice president for Finance and Legal Affairs, while Fernando Gonzalez will be executive vice president For Planning and Development. Francisco Garza was named president for the Americas, and Juan Romero president for... |
Boral sells Adelaide Brighton stake06 May 2009, Published under Cement NewsConstruction materials supplier Boral says $210 million from the sale of its interest in cement maker Adelaide Brighton Ltd will be used to pay off debt. Boral has sold its entire 17.6 per cent stake in Adelaide Brighton, of 107.8 million shares, for $1.95 each for a small profit. "The proceeds from the sale of Boral’s 17.6 per cent stake in Adelaide Brighton will be used to reduce Boral’s bank debt and will improve Boral’s gearing," Boral chief executive Rod Pearse said. In its first hal... |