Cement News tagged under: international
Taiwanese producers see robust China growth in 200906 February 2009, Published under Cement NewsCapitaliding on expanded public construction on the other side of the Taiwan Strait, major Taiwanese cement makers are expected to continue enjoying robust business this year in the Chinese market, which has become the major driver of their growth. Taiwan Cement, Taiwan’s leading cement maker, expects to double its sales in the Chinese market to 24 million metric tons this year, more than double the 10 million metric tons it projects for its home Taiwanese market, according to Koo Cheng-yun... |
PT Indocement Tunggal Prakasa forecasts flat growth06 February 2009, Published under Cement NewsIndonesia’s second largest cement producer PT Indocement Tunggal Prakasa predicted a flat growth in income this year amid weak demand. Weak demand for cement in Indonesia would have a negative effect on sales this year, its corporate secretary Dani Handayani said. Sales may decline but the decline would not be more than five per cent in 2009, Dian said, adding the company expected to see stagnancy in its financial performance. She said the company, which is 65.12 per cent owned by Heidelb... |
India’s ACC net profit dips, sees slowing demand06 February 2009, Published under Cement NewsIndia’s top cement maker ACC Ltd on Thursday reported a 23 per cent drop in net profit in 2008 as a slowing economy curbed consumption and high input prices dented margins, and expects demand to ease this year. ACC said it would not embark on new expansion projects as a downturn in Asia’s third-largest economy during the second half of the year had resulted in a crash in demand from housing and construction sectors. "While ACC is focusing on completing ongoing projects, we have, for the ti... |
Vietnam: Road-building may help ease cement glut06 February 2009, Published under Cement NewsThe Government has approved a proposal by the ministries of Transport and Construction to study the possibility of using cement to build roads to boost consumption at a time when domestic cement output is set to overhaul demand. Cement will be used to build especially expressways and roads in border and flood-prone areas to prolong their life. The cement industry is expected to have a huge surplus this year with many new plants set to open. The Ministry of Construction has also proposed o... |
Titan says North Carolina needs its cement operation06 February 2009, Published under Cement NewsTitan America says North Carolina needs a cement plant to keep up with growth and demand, and the site in Castle Hayne is the most viable location. On Thursday, government officials, environmental groups and interested businesses got a chance to provide input on that idea, the first step of a lengthy environmental review of the proposed cement plant and quarry. That review is led by the U.S. Army Corps of Engineers. The end product is an environmental impact statement, a document designed ... |
Eagle’s cement volumes drop by 16%06 February 2009, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months of the trading year fell by 15.9% to US$569.6m, with plasterboard, cement and aggregates and concrete all showing revenue declines of around one-fifth. The group trading profit before corporate overheads fell by 47.2% to US$87.6m, with cement contributing 81.7% of the group total. Corporate overheads declined by 2.0% to US$14.1m, while the capital spent in the cement oper... |
CNBM invests RMB33bn in cement industry05 February 2009, Published under Cement NewsChina National Building Materials (CNBM) has set its sights on leading the regional cement markets in southern China and the Huaihai area by investing RMB 33.3bn to lift annual cement output to 174Mt by next year from just 11Mt in 2006. Earlier, Morgan Stanley had predicted CNBM will triple its capacity by 2010 and it expects CNBM’s cement operating margin, which is now 4% below that of industrial leader Anhui Conch, to gradually close the gap. The investment bank is also bullish on the... |
Dalmia Cement Jan shipments at 259,000t05 February 2009, Published under Cement NewsDalmia Cement (Bharat) Ltd said its January cement shipments rose 5.7 per cent to 259,000t from 245,000t a year earlier. Production in January rose 6.6 per cent to 275,000t from 258,000t a year ago. Its total shipments and production in April-January rose more than a quarter to 2.7Mt each, the company said in a statement. |
Spain’s Bipadosa raises stake in Cimpor05 February 2009, Published under Cement NewsCimpor said in a regulatory filing late Monday that its Spanish peer Bipadosa SA had raised its stake in its share capital to just over 5%. Bipadosa acquired 175,000 Cimpor shares Jan. 30 and now owns some 33.7 million shares. The filing didn’t what the previous stake was, but Bipadosa has been building its stake in Cimpor since last year. In September, Bipadosa raised its stake to 2.3% from 2%. According to Portugal’s market laws, companies must disclose stakes in other companies wh... |
Russia to suffer from cement deficit05 February 2009, Published under Cement NewsThe Russian market may face a constant deficit of cement in 2011, when maximum production capacities in the industry will practically be on a par with consumption. However, only some of the existing Russian cement enterprises are able to work at the full capacity now so the deficit is expected to become a problem as early as 2008-2010. In 2008, the demand is expected to surpass the supply by 9.4%, in 2009 - by 23.5%, in 2010 - by 21.8%. An insignificant surplus in supply (2.8%) over dema... |