Cement News tagged under: international
India’s ACC March quarter net up 23 per cent22 April 2009, Published under Cement NewsACC Ltd posted on Wednesday a better-than-expected 23 percent rise in quarterly profit on strong sales volumes. ACC, 46 per cent owned by Holcim , said consolidated net profit for the March quarter rose to INR3.99bn (US$79m) from INR3.24bn a year ago. Standalone net profit was INR4.05bn. Consolidated sales rose 14 per cent to INR21.64bn, buoyed by rise in demand from rural areas and large constructions. |
UltraTech Cement Q4 net up 9%22 April 2009, Published under Cement NewsUltratech Cement Ltd has posted a profit after tax of Rs 3094.60m for the quarter ended March 31, 2009 as compared to Rs 2828.80m for the quarter ended March 31, 2008. The total income has increased from Rs16289.70m for the quarter ended March 31, 2008 to Rs18888.60m for the quarter ended March 31, 2009. |
HeidelbergCement in talks to refinance EUR5.33bn22 April 2009, Published under Cement NewsHeidelbergCement is in talks with banks to refinance and extend the maturity of a EUR5.33bn loan, banking sources said on Monday. HeidelbergCement is seeking a complex two-part loan waiver to extend the maturity of EUR5.33bn of a multibillion euro loan that backed its 2007 acquisition of Hanson, two bankers close to the deal said. HeidelbergCement was not immediately available for comment. The new waiver will first extend the maturity of HeidelbergCement’s existing EUR5.33bn loan from... |
Indonesia: cement price hike quite reasonable22 April 2009, Published under Cement NewsIndonesian cement producers felt that the cement price hike was quite reasonable as it was based on many acceptable reasons. "One of the reasons is the energy component, which is very decisive to setting cement prices," communications chief of state cement company PT Semen Gresik Tbk Saifuddin Zuhri said here Tuesday. He said Semen Gresik is now using coal energy. Since the price of coal had been raised recently, this should not be ignored by the Business Competition Supervisory Commission... |
Eurocement Group inks deal to supply cement to LSR Group21 April 2009, Published under Cement NewsRussian cement holding Eurocement Group has signed an agreement to supply cement to Russian construction company LSR Group, Eurocement Group said Monday. Under the agreement, St. Petersburg-based Eurocement Trade, a unit of Eurocement Group, will supply at least 10,000 tonnes of cement per month until the end of 2009. St. Petersburg-based LSR Group is one of the largest construction companies in the Northwest Federal District. The group focuses on construction, the production of constructi... |
Lafarge plans to launch plant in Rostov Reg in 201221 April 2009, Published under Cement NewsLafarge to launch the first stage of a cement plant in Russia’s Rostov Region in 2012, the press office of the region’s agency for investment said Monday. The first stage of the plant will have an annual production capacity of 2Mt of cement. According to earlier reports, the plant will be located in the region’s Matveyevo-Kurgansky district. The plant’s capacity is expected to reach 4Mt after the launch of the second stage in 2015. |
Saudi consumers weigh in on cement export dispute21 April 2009, Published under Cement NewsSaudi Arabia’s Consumer Protection Association has called for lower cement prices while producers of the commodity seek to end a 10-month ban on exports which they blame for eroding their margins. Since its imposition in June, the ban on exports "had a positive impact in making cement available and capping the rise in cement prices," the government-sponsored association said in a faxed statement. "The citizen and investor have noticed the natural decrease in the (prices) of the majority of... |
Republic Cement earns nearly PHO3bn as sales go up21 April 2009, Published under Cement NewsRepublic Cement Corp. reported a three-quarter increase in profits in 2008, citing higher sales, cost cuts, and intensified marketing. Republic Cement, which is majority owned by the local unit of French multinational Lafarge, said profits grew to P2.83 billion in 2008 from only P1.63 billion in 2007 after sales climbed to P14.99 billion from P13.82 billion. Earnings per share rose by P0.17 to P0.41 centavos. The cement maker’s shares closed P0.08 lower on Friday at P1.12 apiece. Republic... |
Chinese cement output up 12.9%YoY in 1Q21 April 2009, Published under Cement NewsChina Knowledge quoted the latest data released by the National Bureau of Statistics showed that China produced a total of 280.49Mt of cement in the first quarter of this year, representing an increase of 12.95%YoY compared with the same period of last year. According to the report, in March alone, the cement output in the country rose 10.09%YoYr to 122.07Mt. The growth rate is 16.21 percentage points lower than a year ago. Cement output in Southwest China, which had been greatly hit by th... |
Holland running out of slag??21 April 2009, Published under Cement NewsBlast furnace cement, the staple diet of The Netherlands construction industry, is in short supply following the closure and/or temporary shutdown of the regional steel production base and the consequent loss of slag output. Holland has three producers, all owned by HeidelbergCement who are all dependent upon slag to produce the requisite blast furnace grade of cement. The Ijmuiden grinding facility situated close to the Corus steel works depends on this plant for slag but with this steel ... |