Cement News tagged under: international
Baltsem ends 2008 with UAH 278m in profit, Ukraine28 April 2009, Published under Cement NewsOne of three largest Ukrainian cement producers Balakliya-based Baltsem Company, Kharkiv region, ended 2008 with a net profit of UAH 278m. Ukrainian News learned this from the statement of the company, the wording of which was made available to the agency. According to the statement, the company increased net revenues by 20.8% or UAH300m in 2008 over 2007, to UAH1.74bn. As Ukrainian News earlier reported, Baltsem ended 2007 with a profit of UAH354.8m. Baltsem is part of the Eurocement Gr... |
Saint-Gobain, CRH upgraded at Credit Suisse on US recovery28 April 2009, Published under Cement NewsCie. de Saint-Gobain SA and CRH Plc were among European building material suppliers upgraded by Credit Suisse Group AG, which citied a possible U.S. housing recovery this year. Both Saint-Gobain and Dublin-based CRH were raised to “outperform” from “neutral,” while Greece’s Titan Cement Co. was upgraded to “neutral” from “underperform” in a note published by London-based Credit Suisse analysts Arnaud Lehmann and Harry Goad today. The analysts also raised their recommendation on the building... |
Holcim halts production partially, lays off 90 workers28 April 2009, Published under Cement NewsHolcim Bulgaria has decided to halt clinker production at its plants in Pleven and the village of Beli Izvor in the region of Vratsa, the company said in a press release on Monday. Some 90 workers will be laid off. The company will take all measures to cushion the effects. The management blames its decision on the plunge in cement demand and the import of cheap cement from Turkey. Production lines in Pleven will be halted for indefinite time and those in Beli Izvor for at least a month. I... |
Deripaska to return Strabag stake, keeps option28 April 2009, Published under Cement NewsRussia’s Oleg Deripaska is set to hand back a 25 per cent stake in Austrian builder Strabag to Strabag’s other key shareholders, Austrian bank Raiffeisen Holding NOe-Wien said on Monday. Under a deal due to be signed this week the family of Strabag’s chief executive, Hans Peter Haselsteiner, Raiffeisen and insurer Uniqa will take back all of Deripaska’s stake but for one share, a spokeswoman for Raiffeisen said. Along with the single share Deripaska will get an option until the end of the... |
Oman Cement Co 1Q rises on higher sales28 April 2009, Published under Cement NewsOman Cement Co beat analysts’ forecasts in the first quarter as prices and sales increased in its home market and plans to invest US$162m to increase cement production. Net income in the three months to March 31 rose 14.2 per cent to OMR4.66m (US$12.1m) compared to the year earlier period. The firm had said in an early regulatory filing pre-tax profit rose 15.1 per cent to OMR5.179m. "The profit is marginally higher compared to the same period of last year due to the increase in selling pr... |
Saudi Arabia may lift ban on cement exports27 April 2009, Published under Cement NewsSaudi Arabia could soon lift its ban on cement exports following assurances from factories that the prices would be kept low, even as producers in the UAE said the impact could be minimal. Local Saudi press yesterday quoted Eid Al Qahtani, Executive Director of the Saudi Exports Development Centre as saying the Saudi Government would soon lift the export ban on cement. "The issue of lifting the export ban on cement was subject to the issue of price stability. Cement prices in the Kingdom h... |
Concrete Associations Unite in Joint Sustainability Initiative27 April 2009, Published under Cement NewsThe Portland Cement Association (PCA), National Ready Mixed Concrete Association (NRMCA), American Concrete Institute (ACI), Concrete Reinforcing Steel Institute, National Concrete Masonry Association and Precast/Prestressed Concrete Institute have signed a memorandum of understanding to align sustainable development activities. “Today we are announcing a new way of thinking that will open channels of communications to involve and engage all industry segments,” said Aris Papadopoulos, vi... |
Lucky Cement third quarter profit lower27 April 2009, Published under Cement NewsLucky Cement Ltd said third-quarter profit rose 70.4 percent on lower production costs and higher overseas demand. Net income rose to PKR1.13bn (US$14m), or 3.51 rupees a share, in the three months ended March 31 from PKR665.3m, or 2.53 rupees, a year earlier, the Karachi-based cement maker said in a statement to the stock exchange today. Sales rose to PKR6.7bn from PKR4.66bn. Production costs fell because coal, which fuels the plant, was less costly,” said Atif Zafar, research analyst at ... |
Argentina building permits, sales fall on slowdown27 April 2009, Published under Cement NewsArgentina may release more data this week showing the country’s construction slump is deepening following the steepest drop in home sales in Buenos Aires since 2002 and a slowdown in building permits. “The numbers are definitely still falling,” said Fausto Spotorno, an economist at Buenos Aires-based researcher Orlando Ferreres & Asociados. “The declining real estate sales data is one sign that construction is going to continue to go down.” Construction permits in Buenos Aires fell 41 perc... |
Indonesia’s Mandiri to lend Semen Gresik US$460m24 April 2009, Published under Cement NewsPT Mandiri Sekuritas said it will arrange a loan of more than IDR5 trillion (US$460 million) for PT Semen Gresik, which needs funds to build a new cement plant. Mandiri Sekuritas Managing Director Kartika Wirjoatmodjo said the securities company will team up with its parent company state lender PT Bank Mandiri to arrange the loan for the country’s largest cement maker. Earlier Semen Gresik President Dwi Soetjipto said the state cement producer would invest US$784m to expand the production ... |