Cement News tagged under: international
Shree Cement says raised bag prices in Feb04 March 2009, Published under Cement NewsShree Cements Ltd has raised prices of cement in the past month in the range of 2-4 rupees per bag because of rising costs, an official said on Wednesday. "There is no price rise due to shortage but it is done as an effort to cover up cost," said HMBangur, managing director, told television channel CNBC-TV18. Costs will also pressure the company’s margins in the fourth quarter of the current financial year, he added. Shree Cement has passed on the benefit of excise duty cut on bulk cement... |
Adani group to foray into Indian cement sector04 March 2009, Published under Cement NewsAdani Enterprises has chalked out plans to foray into cement sector. The group’s entity Adani Enterprise is aiming to set up a 5Mta cement and clinker unit in Kutch for an estimated investment of Rs 1800 crore. Adani is in the process of setting up a 4,600MW power project in Mundra which together with Tata’s UMPP in the same area is expected to generate about 4Mta of fly-ash that is used for blending with cement. “The capacity of the cement plant looking at the fly-ash available can be ram... |
Holcim Mothballing Mason City plant04 March 2009, Published under Cement NewsHolcim will be moth-balling the plant in Mason City at the end of the year. This means they will stop operations, but won’t physically close the plant. The company plans to keep their permits valid so they can restart operations at a moment’s notice if the economy turns around. The company is confirming there is no current timeline for the plant to re-open. There will be three waves of lay-offs. They’ll start in June with 40 workers in both hourly and managerial positions. The next lay-of... |
ACC looks to raise prices04 March 2009, Published under Cement NewsIndia’s largest cement maker by capacity, may increase product prices in 2-3 months after having raised them by INR3 per 50kg bag last week, said a senior company executive. "We raised prices last week, as demand is very good now," J. Datta Gupta, chief commercial officer, said late Tuesday. "We expect demand to remain good until May-June." Cement companies were struggling with strained demand until the end of last year from the real estate and housing sectors, which have been hurt by a sl... |
Vicat maintains a strong balance sheet04 March 2009, Published under Cement NewsWith a gearing of 34.7% at the end of December, compared with 30.0%, Vicat maintains one of the strongest balance sheets in the sector, with net debt of 678m comparing with an equity of EUR1,954m. Capital investment was 23.2% higher at €383m and a further EUR83m were spent on acquisitions. This year, capital expenditure is expected to be in the order of €380m, including the investment in new cement plants in India and in Kazakhstan. The turnover declined year by 3.7% in absolute terms and... |
Holcim mothballs more US capacity04 March 2009, Published under Cement NewsHolcim’s turnover declined by 7.9% in 2007 to SFr25,157m (€15,822m), though on a comparative basis there was a 4.3% increase. The operating EBITDA fell by 23.0% to SFr5,333m (€3,354m). The trading profit was down by 33.1% to SFr3,360m (€2,113m) and the net attributable profit, which had been helped by an exceptional gain on selling 85% of the South African subsidiary in the previous year, by 53.9% to SFr1,782m (€1,121m). Net debt at the end of December was 16.9% higher at SFr15,047m (€10,... |
Cement market in Romania ’will stagnate in 2009’03 March 2009, Published under Cement NewsThe cement market in Romania will stagnate in 2009, because the lack of liquidities and difficult access to financing will have an important impact on consumption, the president of CIROM, Mihai Rohan said. Last year the overall cement production was of 10.7Mt, on the rise by 6.4% against 2007, according to CIROM. Domestic deliveries were of 10.6Mt in 2008, 8.6% higher than in 2007. In 2005 the cement consumption was 292kg/capita, in 2006 362 kg/capita, in 2007 461kg/capita and in 2008 it r... |
India’s ACC Feb shipments rise 3.6 per cent YoY03 March 2009, Published under Cement NewsIndian cement maker ACC on Monday reported shipments rose an annual 3.6 per cent in February to 1.75Mt. The company, in which Holcim holds more than 46 per cent, said production rose to 1.74Mt from 1.69Mt a year earlier. |
Safety milestone at Hope cement works, UK03 March 2009, Published under Cement NewsLafarge Cement’s Hope Works team of around 200 people is keeping its sights set on safety and has reached a significant milestone to prove it. ”The Works has achieved 1,000 days without a Lost Time Injury (LTI) – an injury that prevents an employee or contractor returning to work the next day.Hope Works manager Ashley Bryan said: "The safety of all employees, contractors and visitors is our top priority. I am pleased we have reached this milestone – all credit to the team here – and I encou... |
Pakistan cement exports up by 60 per cent03 March 2009, Published under Cement NewsPakistan cement exports grew by 60 per cent to 6.83Mt during eight months (Jul-Feb) of the current 2008-09 fiscal year against 4.26Mt of last year, reports the Business Recorder. Industry sources said that rising regional cement demand pushed the country’’s cement export to this level. However, they said that overall cement export growth witnessed a slight decline, as exports to India had almost halted due to the imposition of 12 per cent duty by the Indian authorities. Cement export growth... |