Cement News tagged under: international
UK: Lafarge Cement close other half of Westbury13 February 2009, Published under Cement NewsJust five months after halving production at the Westbury plant in Wiltshire, Lafarge Cement have announced it is to mothball the entire factory. Slowing demand for cement means Lafarge have had to mothball the Westbury plant. The company is struggling to deal with the lack of demand for heavyside building materials. A consultation process with the plant’s 68 employees has begun. Lafarge Cement’s UK managing director Erdogan Pekenc said: "Westbury Works has played an important role in our ... |
Vietnam: Calls for stockpiled cement to be sent south12 February 2009, Published under Cement NewsThe Ministry of Construction has asked the Vietnam Cement Corporation to make plans to transfer its cement to the south. The transfer aims to reduce the amount of time cement is kept in storage which is causing price rises. The southern region’s cement market is estimated to need an extra 12-12.5Mt this year. In 2009, under a plan by cement companies in the north, the Vietnam Cement Corporation will transfer 2.3Mt of cement to the south. Cam Pha Cement Co will transfer 1.3 million tonnes... |
Udenwa wants naccima to review prices, Nigeria12 February 2009, Published under Cement NewsMinister of Commerce and Industries, Achike Udenwa has appealed to the members of National Association of Chamber of Commerce, Industry, Mines and Agriculture, NACCIMA, to find lasting solution to the prices of cement which have continued to soar. Udenwa who said the government was making effort to ensure that both the citizens and the manufacturers are well protected as regards high cement prices, however accused the NACCIMA members of sabotaging government efforts on cement. The Minister... |
Cementir’s cement deliveries fall by 4%12 February 2009, Published under Cement NewsCementir’s turnover, which was virtually unchanged after nine months, declined by 4.8% for the full year to EUR1,092m. The EBITDA fell by 23.7% to EUR209m and the trading profit dropped by 35.1% to EUR128m. Net debt at the end of December stood at EUR416.6m, 14.1% higher than a year earlier, but 11.7% lower than at the end of September. Shipments of grey and white cement declined by 3.9% in the year to 10.46m tonnes, while ready-mixed concrete deliveries fell by 10.5% to 4.06Mm³. Shipment... |
Volyn-Cement 2008 profit, Ukraine11 February 2009, Published under Cement NewsThe Volyn-Cement company (Zdolbuniv, Rivne region), one of the three largest cement producers in the Ukraine, ended 2008 with a net profit of UAH 144.404m. This is reported in the statement of the company, a copy of which Ukrainian News has obtained. By the end of 2008 the company’s assets made up UAH548.949m, current liabilities UAH56.049m and no long-term liabilities were reported by the enterprise. As Ukrainian News earlier reported, the Volyn-Cement company ended 2007 with a net profi... |
Global crisis reaches Cemex’s Dominican Republic ops11 February 2009, Published under Cement NewsCemex Dominicana’s local cement plant didn’t escape the global crisis, as sales fell 25% in the last quarter compared with the first half of the year, with 20% of its fixed personnel laid off (around 160) since December. Cemex Dominicana closed one of its production lines and ceased operations in half of its five concrete plants, as the company reportedly aims to save around 16% in its global operations. In a videoconference from Connecticut Cemex Planning and Finances vice president Hécto... |
Lafarge considers selling Turkish units11 February 2009, Published under Cement NewsLafarge has said adviser JPMorgan Chase & Co has begun talks with potential investors over a sale of its stakes in cement and concrete factories in Turkey. “JPMorgan has started negotiations with possible investors and has sent them draft sale agreements,” Lafarge said. Standard & Poor’s lowered its credit rating for Lafarge to BBB- from BBB last month because of weaker financials. Lafarge is among European companies most likely to sell shares over the coming months to reduce debt, Societe... |
Boral paints bleak picture for housing starts11 February 2009, Published under Cement NewsBuilding products maker Boral Ltd continued to paint a bleak picture for housing starts in both its key Australian and US markets after posting a 44% fall in first half earnings Wednesday. Net profit for the six months to Dec. 31 fell to A$75 million, from A$132 million a year earlier, and was in line with Boral’s downgraded guidance provided in late January but slightly below market expectations of A$78 million, according to a poll of five analysts by Dow Jones Newswires. Boral’s earnings... |
Three Oyak units plan investment, Turkey10 February 2009, Published under Cement NewsAdana Cimento, Mardin Cimento and Unye Cimento – all part of the Oyak Group – plan a total of TRY44mn (EUR 21.1m) investments this year. In the filing with the Istanbul Stock Exchange, Adana Cimento details that it will undertake TRY 38.4m worth of investments this year while targeting 2Mt of clinker and 3Mt of cement production. Mardin Cimento plans TRY 4.9m investment, 1.6Mt of cement and 1.7Mt of cement production. Meanwhile, Unye Ciment says it will undertake TRY 0.8m of investmen... |
Akmenes sales up 14% in 2008, Lithuania10 February 2009, Published under Cement NewsAkmenes Cementas, the sole Lithuania’s cement manufacturer, reported LTL281.6m (EUR 81.6m) in sales for full year 2008, up 14 per cent from the YoY figure of LTL247.1m. However, the company sees its sales declining by about one-third this year due to economic downturn. "The market is full of uncertainty, the volumes ordered have dropped by some 25-30 per cent. In 2009 he sales are seen declining by 30 per cent," Richardas Sudaris, Akmenes Cementas’ spokesman, told BNS. The company sold ... |