Cement News tagged under: international
Marginal delay in upgrading units, says India Cements29 January 2009, Published under Cement NewsIndia Cements has reported a nearly 50 per cent drop in net profits for the third quarter ended December 31, 2008. The company has also decided to defer plans to set up one of the two production facilities it had announced in the North. India Cements Ltd has reported a net profit of Rs 61.91 crore(Rs 127.05 crore) on net sales of Rs 863.72 crore (Rs 854.54 crore). Mr N. Srinivasan, Vice-Chairman and Managing Director, attributed the performance to a two lakh tonnes drop in clinker producti... |
Shortage imminent over Navy blockade, Apapa, Nigeria29 January 2009, Published under Cement NewsCement scarcity is set to hit the Nigerian market following the stoppage of production at the major bagging plants around Apapa. The stoppage of production is due to the action of the Nigerian Navy which imposed a blockade on the supply of bulk cement to the bagging plants. Amongst the affected cement producers are industry giant Dangote Cement, Magen-Roi and Gateway Mining. These firms had been effectively denied access to their bulk supplies since the beginning of this week. Due to th... |
Sri Lanka cement firm eyes increasing demand after war29 January 2009, Published under Cement NewsLanka Cement, a Sri Lankan state-owned firm listed on the Colombo bourse, has increased cement sales with imports from Pakistan and shipments to the island’s war-torn north. Company officials said its trading activity which was resumed in the latter half of last year has turned profitable and future prospects looked good given a revival in construction activity if an internal war ends soon. The company expects sales to rise with the planned re-opening of the A-9 main road to northern Jaffn... |
Laos to produce more cement29 January 2009, Published under Cement NewsEfforts are being made to produce more cement so that by 2011 Laos would be producing 1.5Mt and this should be able to meet the demand for all the small and mega projects in the country. Presently, the cement factories in Laos are producing only 1Mt whereas the local users use as much as 1.5Mt, Lao news agency, KPL, reported Thursday. Inphon Phattananouluk, Deputy Head of Finance and Account Service of Agriculture and Industry Development of State Enterprise Company said that the cement pl... |
Prices remain unchanged until spring, Romania29 January 2009, Published under Cement NewsLafarge, Holcim and Carpatcement Holding are keeping cement prices in Romania at the same level, whereas brick, ACC and reinforcing steel manufacturers have operated price cuts of 10-15% due to the consumption decline. Cement manufacturers say, however, that they may adjust prices in spring, if demand continues to fall. At the end of last year the price of cement went down as much as 50%, from a record high of EUR140/t in the summer, but only distributor prices, as they had to sell the lar... |
Holcim Indonesia reviewing plan to build new plant29 January 2009, Published under Cement NewsPT Holcim Indonesia is reviewing its plan to build a cement plant in East Java this year due to the current global credit crunch, an official said Thursday. "Many companies are reviewing their investment plans, we are also doing it," Rusli Setiyawan, a spokesman for Indonesia’s third-largest cement producer by output, told Dow Jones Newswires. The company had planned to spend around US$500m to build the cement plant in East Java, with an output of 4000tpd, Setiyawan said. He said that the... |
Demand for cement in China to rise28 January 2009, Published under Cement NewsDemand for cement in China is forecast to rise by +6% annually through 2012 to 1.8bnt, according to Cement in China, the latest study by US-based research company The Freedonia Group. Growth, said the study, will be driven by rising, but decelerating, construction expenditures in China. Further advances in cement manufacturing technology will also help stimulate sales by improving the quality of the product, it added. Blended cements will account for about 90% of total sales in 2012, refle... |
Russia’s Sibirsky Cement output down 4.6%28 January 2009, Published under Cement NewsRussian holding Sibirsky Cement produced 4.045Mt of cement in 2008, down 4.6% on the year, the holding’s press office said in a statement Tuesday. Founded in 2002, Sibirsky Cement, or Sibirskiy Cement, is based in the Kemerovo Region. The holding includes five cement plants in the Siberian Federal District. |
Shree Cement 3Q net profit rises28 January 2009, Published under Cement NewsIndia’s Shree Cement Ltd Wednesday said its third quarter net profit jumped to INR1.24bn from INR350.34m a year earlier. Net sales for the quarter ended Dec. 31 was INR6.65bn, up from INR5.30bn a year earlier. The company had operating margins of 37% for the quarter, Chairman and Managing Director H.M. Bangur told Dow Jones Newswires |
Gresik President: expects 2009 net to grow by more than 10%28 January 2009, Published under Cement NewsPT Semen Gresik maintains a target for net profit to grow by more than 10% in 2009 due to a slight increase in sales and lower cost of operations despite weakening demand as a result of the global economic crisis, the company’s top executive said Tuesday. "We will strive to maintain our bottom line for 2009 to grow by at least a double digit," Semen Gresik President Director Dwi Soetjipto told Dow Jones Newswires in an interview. He said the company will launch some cost reduction programs... |