Cement News tagged under: international
Brazil’s January sales fall10 February 2009, Published under Cement NewsBrazil’s domestic cement sales fell 1.7% in January compared with the same month last year to 3.94Mt, according to figures out Monday from the National Cement Industry Association (Snic). Per working day there was a 0.4% increase compared with January 2008 and a reduction of 3.4% compared with December 2008. Over the 12 months through January, there was a 12.6% increase in sales to 51.023Mt. |
Gujarat Sidhee Cement turns to profit in 1Q10 February 2009, Published under Cement NewsGujarat Sidhee Cement swung to profit for the quarter ended December 2008. During the quarter, the company reported profit of INR116.03m compared with a loss of INR33.34m in the same quarter previous year. Net sales for the quarter jumped 41.01% to Rs 1,145.60m, while total income for the quarter rose 39.43% to Rs 1,145.60m, when compared with the prior year period. |
India: ‘Cement cos to see better margins in Q4’10 February 2009, Published under Cement NewsThe reduction in diesel and imported coal prices, coupled with good demand and price rise, are expected to result in better margins for the cement industry in the fourth quarter of FY09, say experts. Soaring input costs, especially of power and fuel, resulted in a fall in cement companies’ margins in India, which was evident in the 3Q results. Players like Grasim, UltraTech, Ambuja Cement, ACC Ltd and Binani, among others, reported de-growth in their bottomline citing high input cost. Gras... |
HeidelbergCement Ukraine likely to reduce output09 February 2009, Published under Cement NewsHeidelbergCement Ukraine, located in the Dnipropetrovsk region, may reduce cement output by 10% or 400,000t to 3.6Mt in 2009 compared with 2008, a source in the company told Ukrainian News. However, these plans may undergo changes provided the situation is worsened, he said. "We produced about 4Mt of cement in 2008. We plan a 10% fall in this year’s production, but this figure will be adjusted to the economic situation in this country," he said. |
New plant faces long delay, US09 February 2009, Published under Cement NewsAccording to local news reports, it may be some time before Carolinas Cement – a subsidiary of Titan America – can break ground in Castle Hayne. They must first receive an environmental impact statement. On Thursday, the Army Corp of Engineers took the initial step in the process. Wildlife agencies and federal government officials discussed the plan and purpose for the plant. Army Corp officials say it will take at least 1.5 years before the statement is issued. |
Four foreign firms interested in Lanka Cement09 February 2009, Published under Cement NewsFour foreign firms have expressed interest for a strategic alliance with Kankesanthurai (KKS) Cement Factory Ltd, a subsidiary of Lanka Cement PLC (LC), according to a senior LC official. "Ramco India, the Birla Group India, Shanghi Cement India and Cement Italia have expressed interest for a strategic deal with KKS plant," the LC official told The Sunday Times FT. He said Ramco and Cement Italia were taken to the plant about two months ago and Ramco India was very interested in investing i... |
Buzzi Unicem’s preliminary 2008 numbers09 February 2009, Published under Cement NewsBuzzi Unicem’s turnover in 2008 edged ahead by 0.7% to EUR3,520m, which represents an underlying increase of 1.9%. In 2008, the net debt increased by of 70.9% to EUR1,061m on the back of capital spending in excess of EUR850m. Acquisitions included three grinding plants in Italy, 35% stakes in two Algerian cement companies and US ready-mixed concrete operations, as well as increasing the equity stake in Dyckerhoff from 88% to 93%. Cement sales in 2008 declined by 5.8% to 32.1Mt, with lower v... |
HeidelbergCement integration of Hanson virtually complete09 February 2009, Published under Cement NewsPreliminary figures indicate that HeidelbergCement achieved a turnover in the region of EUR14,200m last year. That would represent an increase approaching 31% on the previous year’s EUR10,862.3m, which included Hanson for only four months. The trading profit is expected to have exceeded EUR2000m, compared with the EUR1804.8m achieved in 2007. The integration of Hanson has now largely been completed and synergy benefits of some EUR135m were achieved last year, which was ahead of the manage... |
Weaker second half sales at Italcementi06 February 2009, Published under Cement NewsItalcementi’s underlying turnover in 2009 was up by 1.7% to €5,774.6m, though in absolute terms there was a 3.8% decline because of the non-consolidation of Calcestruzzi. Cement deliveries declined by an underlying 4.3% to 62.6Mt, with the relevant turnover increasing by 3.3% to €4,131.2m, while the corresponding numbers for aggregates and ready-mixed concrete showed decreases of 6.5% to 47.6m tonnes and of 6.0% to 13.9Mm³ respectively. Cement and clinker volumes in western Europe declin... |
Lafarge mothballs Westbury facility06 February 2009, Published under Cement NewsLafarge Cement UK announced that it is ‘mothballing’ all cement production facilities at its Westbury Works in Wiltshire. This decision follows the announcement made in September to mothball half of the site’s manufacturing operations. It reflects further deterioration in the market and the continuing tough cost conditions faced by the company. Lafarge Cement UK’s managing director Erdogan Pekenc explains: “In September, we highlighted the challenges faced by this plant and the entire compa... |