Cement News tagged under: international
Davenport cement faces new financial pressure, USA05 May 2009, Published under Cement NewsThe Cemex-owned Davenport cement plant, which has already been closed temporarily because of the weak economy, will likely face another financial setback in the form of new environmental regulations. The U.S. Environmental Protection Agency, under recently appointed Administrator Lisa Jackson, has proposed strict limits on mercury emissions at cement kilns. According to the EPA, cement production is the fourth largest source of the nation’s airborne mercury -- due to the raw materials and f... |
India cement demand slows in April05 May 2009, Published under Cement NewsIndian cement demand seems to have tapered off in April. After a robust demand in February and March, Holcim group companies ACC and Ambuja Cement marginally added to inventories by selling less than what it had produced. ACC produced 1.84Mt and sold 1.80Mt in April. However, compared with last year the production was up 2 per cent while sales rose 4 per cent. Cumulative production for the first five months of the calendar year was up at 7.44Mt against 7.04Mt in the corresponding period la... |
Lafarge raises some €235m from three disposals05 May 2009, Published under Cement NewsLafarge has agreed the sale of its cement and downstream operations in the Marmara and Black Sea regions of Turkey to Oyak, the armed forces pension fund, for €163m. The deal, valued at 10 times last year’s EBITDA, will only make a slight reduction in the fragmentation of the Turkish cement market, that suffers from a considerable over-capacity. Oyak is already the largest cement producer in Turkey and the deal will, subject to monopolies clearance in Turkey, will give Oyak a clinker capac... |
Indian majors post better than expected profit growth01 May 2009, Published under Cement NewsBL Research Bureau After reporting profit declines for two quarters in a row, cement majors ACC, UltraTech Cement and Ambuja Cements have returned to growth in the March quarter, with results that were above market expectations. An over 60 per cent decline in international coal prices which trimmed fuel cost, consumption growth of close to 9 per cent and the ensuing price increases of Rs 10-15 per bag helped the companies return to growth in the March quarter. ACC’s net profit grew 13 per ... |
Construction of Semen Gresik cement plant to begin01 May 2009, Published under Cement NewsThe Central Java provincial administration said the construction of a cement plant of PT Semen Gresik in Sukolilo, Pati, will be started in May, writes the Antara News. This remark was made by Central Java Governor Bibit Waluyo following a plenum of the local legislative assembly (DPRD) in Semarang Thursday. "The main problems had already been settled, and now we are waiting for the actual construction work," he said. The governor ask the people of Pati, especially those of Sukolilo villa... |
GCC Reports First Quarter 2009 Results01 May 2009, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) of Mexico announced consolidated results for the quarter ended March 31, 2009. In the first quarter of 2009, consolidated net sales rose 15.5% as a result of higher sales in the United States and Bolivia, and the Company generated positive free cash flow as compared to negative free cash flow in the first quarter of 2008. First quarter 2009 sales rose 15.5% compared to the first quarter of 2008. Performance by market was as follows: United States +10.2%, ... |
Lafarge prepares to mothball Westbury factory, UK01 May 2009, Published under Cement NewsWorkers at Lafarge Cement Works in Westbury are preparing to bid goodbye to the firm which will shut down its manufacturing operations at the end of the week, reports the Wiltshire Times. The factory, which includes two kilns and an adjoining chalk pit, will be mothballed because of the downturn in the construction industry. The move has meant the loss of more than 60 jobs. Lafarge said it would operate the factory site as a logistics depot for the foreseeable future. Equipment at the pla... |
Podilskyi Cement records UAH193.5m profit In 200830 April 2009, Published under Cement NewsThe Podilskyi Cement Company (the town of Kamenets-Podilskyi, Khmelnytskyi region) ranking among Ukraine’s top three largest cement producers recorded a net profit of UAH 193.547 million in 2008, the company reported. Net revenue went up by 37.2% or UAH 321.907 million to UAH 1,187.417 million in 2008 versus 2007. As Ukrainian News reported, the Podilskyi Cement Company made a net profit of UAH 258.315 million in 2007 having raised its net revenue by 65.64% or UAH 342.992 million to UAH 86... |
Eagle Materials’ cement revenues down by 16%30 April 2009, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March declined by a further 17.6% to US$697.8m, having fallen by 15.2% in the previous year. Of the total turnover, cement accounted for 41.5%, plasterboard for 40.0%, plasterboard liner for 9.6% and aggregates & concrete for 9.4%. The pre-tax profit, which had dropped by 52.6% in 2007/08 went down by a further 56.9% last year to US$62.2m, with the main profi... |
Sinoma to subscribe new shares of Xinjiang Tianshan Cement30 April 2009, Published under Cement NewsChina National Materials Co Ltd (Sinoma), the world’s largest provider of cement-producing equipment, plans to spend RMB 1bn in purchasing new shares of Shenzhen-listed Xinjiang Tianshan Cement Co Ltdsources reported. Sinoma is expected to raise its shareholding in Xinjiang Tianshan Cement to 44.36% from the current 36.28%. Xinjiang Tianshan Cement said in a statement filed with the Shenzhen Stock Exchange yesterday that it will issue up to 200 million shares at an average price not less t... |