Cement News tagged under: international
Lafarge completes EUR1.5bn capital increase24 April 2009, Published under Cement NewsLafarge SA said Friday it has completed its EUR1.5bn capital increase. The capital increase was 172% oversubscribed, the company said. |
Binani Cement 4Q net declines 68.70%24 April 2009, Published under Cement NewsBinani Cement announced a substantial drop in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company declined 68.70% to INR200.70m from INR641.30m in the same quarter previous year. Net sales for the quarter jumped 48.24% to INR4,980.80m, while total income for the quarter jumped 47.71% to INR5,013.10m, when compared with the prior year period. It posted earnings of INR0.99 a share during the quarter, registering 68.67% decline over previous... |
Peru’s Cementos Lima 1Q net falls24 April 2009, Published under Cement NewsCementos Lima SA said Thursday that its first-quarter net income totaled PEN42.7m (US$13.8m) compared with PEN52.6m in the same quarter in the previous year. The decline was due mainly to increased operating and financial costs. The company said that total revenue rose to PEN234.0m in the first quarter compared with PEN204.5m in the same period a year earlier. The company said that cement production fell in the first quarter to 738,085 metric tons, down 5.5% compared with the last quarter... |
Indonesia demand down 5.8 per cent24 April 2009, Published under Cement NewsDomestic cement consumption in Indonesia dropped 5.8 per cent in the first quarter of 2009, president director of PT Semen Gresik, Dwi Sucipto, said. "Demand for Semen Gresik meanwhile drops two per cent," he said after receiving an award from the Development and Financial Monitoring Agency for his success in implementing good corporate governance. He said the biggest drop in demand occurred in Java followed by Sumatra and Kalimantan. "Demand for the commodity in Sulawesi and the Indonesi... |
Eagle Materials shows 4Q gain24 April 2009, Published under Cement NewsEagle Materials Inc. said Thursday its profit in the fourth-quarter for fiscal year 2009, which ended March 31, was up over 2008. This was due to a gain of US$2.9m tied to the retirement of senior notes. Dallas-based Eagle Materials Inc posted fourth-quarter earnings of US$7m, or 16 cents per share, up 117 per cent from US$3.2m, or 7 cents per share for fiscal 2008. For the entire fiscal year of 2009, Eagle Materials net earnings dropped 57 per cent to US$41.8m, or 95 cents per share. Tha... |
Cemex expects to deliver US$200m additional cost savings24 April 2009, Published under Cement NewsCemex announced today that it expects to realise an additional US$200m in cost savings from the company’s ongoing effort to reduce costs and optimise its business, bringing the total expected savings from the company’s cost-cutting initiatives to US$900m, which includes US$700m previously identified. The additional cost-savings identified represent an extension of earlier cost saving measures originally initiated in 2008. These measures will be fully implemented before the end of the year. ... |
India’s Shree to invest in further capacity expansion23 April 2009, Published under Cement NewsShree Cement Ltd today said it will invest Rs 1,200 crore (US$239.04m) in the current financial year to expand its production capacity, including setting up two greenfield plants and installing four captive power plants. The Kolkata-based firm will have a total cement manufacturing capacity of 11.5Mta after the expansion, up from the existing nine million tonnes a year. "We will invest Rs 1,200 crore in expanding our existing cement capacities as well as setting up new facilities. We will ... |
China National Building Material Plans Northeast Expansion23 April 2009, Published under Cement NewsChina National Building Material forecasts its new cement joint venture with Hony Capital in Northeast China to produce 10Mt of cement in 2009. The joint venture is the first step China National Building Material made to open up the Northeast China market, and is an attempt to lower its capital costs. Since the joint venture is a green-field project for the company, it expects cement production and sales to go up gradually, from 10Mt to 30-50Mts in the end. |
Strong rural demand helps India cement companies profits23 April 2009, Published under Cement NewsIndia’s top two cement firms beat expectations with quarterly profit rising by up to 23 per cent and analysts forecast the growth would be maintained in the near-term on strong rural demand and large constructions. Falling prices of raw materials such as coal and lower transport costs should help cement makers in India, the world’s largest market for the commodity after China, in April-June but large new capacity could weigh in later quarters, analysts said. Producers will also be helped b... |
Japan: cement sales slid to 40-year low23 April 2009, Published under Cement NewsDomestic cement sales fell to 49.16Mt last fiscal year, dropping 10% on the year to the lowest level since 1968, the Japan Cement Association said Wednesday. Housing starts tumbled amid the recession and higher materials costs. And the stricter construction standards implemented in 2007 continued to delay housing starts in fiscal 2008. Public works slowed as well. Sales sagged nationwide, except for in Okinawa, where they inched up 1% thanks to robust construction of condominiums and other... |