Cement News tagged under: international
Indonesia’s Indocement Q1 net profit up 33 per cent30 April 2009, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk , Indonesia’s second-largest cement maker, reported a 33 per cent rise in its first-quarter net profit on Thursday. Indocement, which has a stock market value of US$1.87bn, said net profit for January-March rose to IDR502.7bn (US$46.3m) from IDR378.9bn a year ago, while revenue climbed 6.5 per cent to IDR2.19trn. |
Cimpor to leave BCP’s capital30 April 2009, Published under Cement NewsPortuguese cement producer Cimpor will no longer own a stake in local bank BCP according to a preliminary agreement between Cimpor and builder Teixeira Duarte. The accord envisages the sale of Cimpor’s stake in construction materials producer C+PA to Teixeira Duarte. Cimpor, in turn, will acquire the cement assets of C+PA. After integrating Cimpor’s 48% shareholding in C+PA, Teixeira Duarte will become owner of 100% in the construction materials company while at the same time gaining cont... |
Cemex posts a US$182m first quarter loss30 April 2009, Published under Cement NewsCemex’ first quarter turnover fell by 32.2% to US$3,660.1m, in part reflecting disposals and, on an underlying basis, the turnover declined by some 15%. The actual EBITDA was down by 25.1% to US$712.2m, but after taking divestments and currency movements into account, the underlying reduction was a mere 3%. At the trading profit level, there was a 29.4% reduction to US$325.7m, while after charging interest and losses on exchange rates and on financial instruments, a the pre-tax loss of US$... |
Asia Cement China net doubles on Sichuan Projects29 April 2009, Published under Cement NewsAsia Cement China Holdings Corp doubled first- quarter profit as it benefited from a slew of building projects in the Sichuan and central Yangtze River regions. Net income jumped to CNY120m (US$18m) for the six months ended March 31, compared with CNY60.2m a year earlier, the Jiangxi province-based company said in a statement to the Hong Kong stock exchange today, without reporting earnings per share. Sales surged 53 per cent to CNY850m. The results are unaudited, the statement said. Asia ... |
India Ambuja Cement sees 10-15% rise in 09 profit29 April 2009, Published under Cement NewsAmbuja Cements, India’s third-largest cement maker, expects its annual net profit to rise by up to 15 per cent in 2009 even as industry demand growth slows, its chairman said on Tuesday. India’s cement sector has recovered from a slowdwon in demand in recent months on resilience in rural consumption and higher government spending on infrastructure. Across the industry, demand would grow 6-7 per cent in the fiscal year ending March 2010, Ambuja Cements chairman Suresh Neotia said. While th... |
Spanish Aricam mulls US$250m Bosnia cement plant29 April 2009, Published under Cement NewsThe Bosnian Serb Republic government awarded on Tuesday a 30-year limestone exploitation concession to Spain’s builder Aricam which plans to invest EUR19m (US$250m) in a new cement plant. Limestone from the quarry located in northwestern Bosnia will serve as the main raw material for the first cement plant in the Bosnian Serb region. Construction is due to start in 2011. "The start of the cement production is planned for 2014. The plant will have an output of 1.2Mta and will employ around ... |
Siam Cement Q1 profit down 27 per cent, above forecast29 April 2009, Published under Cement NewsSiam Cement PCL (SCC), Thailand’s biggest industrial conglomerate, posted a 27 per cent fall in first quarter net profit on Wednesday as weak demand hurt sales, but that was better than expected. SCC reported a January-March net profit of THB5.2bn (US$147m), down from THB7.1bn a year earlier but higher than the THB3.7 bn forecast by five analysts polled by Reuters. SCC had posted a THB3.5bn net loss in the fourth quarter of 2008 due to a huge inventory loss caused by a drop in petrochemica... |
Indonesia’s Gresik 1Q net profit IDR681bn Vs IDR519bn29 April 2009, Published under Cement NewsIndonesia’s largest cement maker by output PT Semen Gresik said Wednesday that its net profit rose 31% during the first quarter of the year on higher cement prices and efforts to cut costs. Gresik said that its net profit rose to IDR681bn during the first quarter of the year from a restated IDR519bn a year earlier. Its total revenue rose 27% during the period to IDR3.23trn from a year earlier as the company increased average selling prices by 20% for the domestic market and 40% for exports... |
Essroc upgrade nears completion28 April 2009, Published under Cement NewsA US$500m upgrade at Essroc Cement Corp. is expected to be finished later this year, an investment that has been good for the local plant and its employees as well as the community, said Derek Nicholls, corporate vice president of operations. The project broke ground in 2006 and is the largest financial investment in North America for Essroc Italcementi Group, which is the fifth-largest cement producer worldwide. Because of the modernisation, the South Queen Street facility also will be th... |
China Q1 cement output up 12.92% YoY28 April 2009, Published under Cement NewsChina’s cement output accrued a 12.92 per cent increase year on year to 280.4919Mt between January and March, still up 3.75 percentage points over 1Q08, the latest National Bureau of Statistics (NBS) showed. According to NBS, single monthly output for March was 122.0674Mt, up 10.09 per cent on year. Corresponding to the national rise, regional cement outputs, except East China, all bumped up last month. The post-quake Southeast output surged 36.2 percent on the year to 16.8034Mt, due to in... |