Cement News tagged under: international
Sinoma forecasts 30 per cent decline in orders for equipment20 April 2009, Published under Cement NewsNew orders for cement equipment and engineering services supplied by China National Materials (Sinoma) are expected to fall 20-30 per cent this year, according to Shanghai-listed subsidiary Sinoma International, which designs cement plants and makes cement equipment. The European market for cement equipment and engineering was the hardest hit by the global financial crisis, but Europe accounted for only 13 per cent of Sinoma’s turnover in this sector, said Wang Wei, the president of Sinoma ... |
NW Cement Producers Group Merges with PCA20 April 2009, Published under Cement NewsThe Northwest Cement Producers Group, a multistate association headquartered in Washington, has merged into the national Portland Cement Association. John V. Arroyo of Gig Harbor, who has managed the marketing cooperative as executive director since its inception in 1994, will continue in that capacity to serve the architectural, engineering and construction industries in the private sector and state, county and municipal agencies in the public sector. PCA will continue to provide national... |
Saudi Cement Q1 profit down 12 per cent20 April 2009, Published under Cement NewsSaudi Cement, Saudi Arabia’s second-largest cement producer, said its first-quarter profit fell 12.3 per cent after a government ban on exports. Saudi Cement made SAR152m (US$40.5m) in the three months to March 31 down from SAR173.3m a year earlier, it said in a statement posted on the bourse’s website. ’The decline ... is due to the ban on exports of cement and its derivatives,’ the firm said. Saudi Arabia introduced the ban on cement exports in June to ease supply bottlenecks amid soari... |
Attock cement posts 194% profit growth20 April 2009, Published under Cement NewsThe profit after tax of Attock Cement Pakistan Limited has increased to Rs 317.897 million in the quarter ended March 31, 2009 as compared to Rs 108.119 million in the corresponding period in 2008. The board of directors of the company in its meeting declared that the company’s earning per share surged to Rs 4.41 in the period under review against Rs 1.50 in the same period last year. According to the financial results, the company’s net sales increased to Rs 2.374 billion against Rs 1.470 ... |
Lafarge eyes new cement plant, Kenya20 April 2009, Published under Cement NewsKenya is set to benefit from the establishment of a new cement factory by the Lafarge group of companies. Speaking when he paid a courtesy call on President Mwai Kibaki, Lafarge Executive Vice-President Guillaume Roux said his company was keen on establishing another cement plant at an estimated cost of Sh20 billion. “The new cement factory will a go a long way in complementing the Government’s efforts of creating jobs for the Kenyan youth,” Mr Roux said. |
India: cement production, exports up20 April 2009, Published under Cement NewsThe Cement Manufacturers’ Association, apex body of cement- makers in India, has released figures for March, triggering significant appreciation of cement stocks. The figures say cement production in the month was 18.1Mt from the 16.39Mt in March 2008, an increase of 10.43 per cent. The figures for cement dispatches are 18.12Mt and 16.42Mt. During the past month, cement exports were of 0.35Mt, an increase of 9.38 per cent from the previous March’s 0.32Mt. The figures for March are in kee... |
BusinessCem 2009: Russian cement industry developments20 April 2009, Published under Cement NewsBusinessCem 2009, being held at the President Hotel, Moscow, Russia got off to a flying start with Mr Sedov AG, of the Russian Industry and Infrastructure department giving a good overview of the recent developments in the Russian economy and their impact on the country’s construction industry. He said that GDP had fallen by eight per cent YoY in January-February 2009, while industrial production had dropped by about 15 per cent, with the greatest slowdown seen in the construction material... |
Quinn closes cement and quarry division for a month, Ireland17 April 2009, Published under Cement NewsThe cement and quarry division of the Quinn Group in Ballyconnell, Co Cavan and Derrylyn, Co Fermanagh have had to place of the majority of their workers on temporary leave for a month. A large number of Leitrim workers will be at home for the next four weeks after the group informed employees that both divisions will close down for the month as part of a cost saving plan. The group have assured that all permanent jobs will be safe and work will recommence at both locations after the four ... |
Holcim Philippines sales up but profits decline17 April 2009, Published under Cement NewsHolcim Philippines, Inc.’s profits dropped by over two-fifths last year as growth in sales was not able to offset the surge in operational expenses, documents from the Securities and Exchange Commission showed. The listed firm’s 2008 net income dropped to P1.29 billion from the previous year’s P2.21 billion, despite sales growing by 11.89% to P18.17 billion from P16.24 billion with the cost of operations going up. "As early as the first quarter and onwards for most of the year, increasing ... |
India: cement use grows the most in eastern region17 April 2009, Published under Cement NewsThe growth of cement consumption in the eastern region of India in FY09 has outpaced the other regions for the first time in the last four years. Cement manufacturers in the region said it was mainly on the back of an unprecedented spurt in demand for the building material which made the eastern market outperform the rest of the country. The eastern market, comprising the Northeastern states along with Bihar, Jharkhand, Orissa, Chhattisgarh and West Bengal, registered a rise of 11.32 per ce... |