Cement News tagged under: international
Holcim provides job skills amid crisis27 February 2009, Published under Cement NewsCement company Holcim Philippines, Inc. will conduct more masonry skills training this year as part of its Mason Program to provide new skills to Filipino workers especially to those affected by the economic crisis that could boost chances for employment both here and abroad. Despite the financial crisis, there is still huge demand for construction workers overseas, especially Japan, Australia, Guam, and Saudi Arabia. In the Philippines, analysts point to the construction sector as a bright ... |
Bamburi Cement posts 11 per cent decline27 February 2009, Published under Cement NewsLafarge’s Kenyan unit, Bamburi Cement, has posted an 11 per cent decline in full-year profit as fuel, electricity and transport costs increased. Net income dropped to KES3.4bn (US$42.6m) in the 12 months through December, from KES3.8bn a year earlier, Hussein Mansi, managing director of Bamburi Cement Co, told reporters today in the capital, Nairobi. Sales climbed 24 per cent to KES27.4bn. Chairman Richard Kemoli said the company has weathered what would have caused a shake up in its r... |
NZ plant appeal hearing next month27 February 2009, Published under Cement NewsThe next stage to get approval to build a US$300m plant near Weston, New Zealand by Holcim starts in Oamaru next month before the Environment Court. The court’s decision will determine Holcim (New Zealand) Ltd’s next step in deciding how to meet a growing demand for cement in New Zealand. Despite the world economic recession, Holcim still maintains extra cement production is needed in New Zealand. The new cement plant was "a long-term decision", research indicating the demand for cement w... |
Japan domestic demand seen hitting 41 year low27 February 2009, Published under Cement NewsJapan’s demand for cement is projected to fall to its lowest level in 41 years in fiscal 2009, according to a forecast issued Thursday by the Japan Cement Association. The trade group sees demand for the building material dropping 5 per cent on the year to 48 million tons. Private-sector demand is expected to tumble 10.2 per cent to 22 million tons as the recession saps both plant and home construction. Public-sector demand, meanwhile, is seen holding steady at 26 million tons. Cement expo... |
Readymix expects losses of €47m, Ireland27 February 2009, Published under Cement NewsReadymix yesterday said that its losses for year-end December 2008 would be €47m, a hike of €14m on a previous guidance reflecting the downturn. In a trading update, the company, which is a subsidiary of Cemex, said in December it indicated an expected operating loss of €22m and this is unchanged. However, it said total losses before taxes were now expected to be in the region of €47m, an increase of some €14m on the €33m previously advised. "The additional €14m non-cash writedown arises ... |
Indian cement prices to remain unchanged26 February 2009, Published under Cement NewsThe government’s announcement of a cut in excise duty on bulk cement by 2% will have a marginal impact on the overall dynamics of the cement industry, as bulk cement contributes not more than 8-10% of the total cement off-take. At the same time, the prices of bag cement (50 kg bag) that had been increased by Rs 4-5 per bag in parts of the country early this month, will remain unchanged, say industry players. Vinod Juneja, managing director of Binani Cement said, "We are yet to decide on th... |
EAPC posts a loss on fuel costs, Kenya26 February 2009, Published under Cement NewsEast African Portland Cement Co. posted a first-half loss of KES391.91m compared with a profit of KES338.23m shillings the year earlier. The Nairobi-based company posed a loss per share of 4.35 shillings in the six months ended Dec. 31 compared with earnings per sahre of 3.76 shillings the year earlier after fuel costs rose, it said in a newspaper advertisement today. |
ACB lends VND400bn to Hoang Thach Cement25 February 2009, Published under Cement NewsAsia Commercial Bank (ACB) yesterday inked a deal in Hai Duong Province to lend VND400bn to Hoang Thach Cement Company to develop its third cement production line. The loan term is 84 months. ACB in its statement said that the bank would immediately disburse capital for the cement company to cover part of the cost. Hoang Thach Cement’s third production line, whose construction started in 2005 with a designed capacity of 1.06Mt of clinker and 1.35Mta of cement, will come on stream in the th... |
China: Jan cement output hits 82Mt25 February 2009, Published under Cement NewsChina’s cement output hit 82Mt in January, the same as last year’s, while sales decreased in some major cement-producing provinces, an industry association said. The average factory gate price of cement in Zhejiang, Shandong, Hebei and Jiangsu and other major cement-producing provinces witnessed small drops last month, according to the China Building Materials Federation. Average factory-gate prices in those regions dropped below CNY250/t, or CNY50 lower than in December 2008, the federati... |
Caribbean Cement outlook25 February 2009, Published under Cement NewsRather than cutting production in the face of contraction in domestic construction, which estimates place as high as 10 per cent down, Caribbean Cement Company Ltd (CCCL) plans to maintain its 2008 output levels and double its export target for this year. The cement manufacturer’s marketing manager Alice Hyde told the Business Observer that her company was expected to send approximately 200,000t of cement overseas and has even shipped clinker to Trinidad. We have sent shipments to St Kitts... |