Cement News tagged under: international
Siam City Cement Q3 net profit down14 November 2008, Published under Cement NewsSiam City Cement (SCCC) , Thailand’s second biggest cement maker, said on Thursday its third-quarter earnings fell 2.6 per cent, matching analysts’ forecasts, amid weaker cement demand. It posted a net profit of THB714.9m (US$20.45m) for the three months to end-September, down from a revised THB 733.96m in the same period last year and from THB 768m in the previous quarter. |
Holcim Romania nine month turnover up 31.8%14 November 2008, Published under Cement NewsThe Romanian unit of Holcim said today that its turnover rose by 31.8% YoY in the first nine months of 2008, exceeding its initial forecast of 15% to 20% growth on added capacity and price rises. The company’s sales grew by 18.9% YoY in terms of volume for January to September, fuelled by increased output following the completion of a EUR120m (US$150.48m) expansion project at its plant in Campulung, southern Romania. Cement prices in the country went up by 12% YoY in the period. |
Buzzi Unicem closes three plants in the USA and one in Italy14 November 2008, Published under Cement NewsBuzzi Unicem’s turnover for the first nine months of 2008 improved by 4.1% to EUR2,724.7m, which represents an underlying sales growth of 5.7%. The EBITDA was ahead by 2.7% to EUR 738.7m. Net debt at the end of September was 27.3% higher at EUR 794.7m, which represents a gearing level of just 28.3%, giving Buzzi Unicem the strongest balance sheet among the leading international cement groups. Cement shipments for the nine months were 4.0% lower at 24.9Mt, with the volume reductions ... |
Holcim closes capacity in the USA and Spain13 November 2008, Published under Cement NewsHolcim’s turnover for the first nine months declined by 4.7% to SFr19,340m (EUR12,012m), though on a like-for-like basis there was a 6.6% increase. The operating EBITDA fell by 18.3% to SFr4,365m (EUR2,711m). The trading profit was down by 22.1% to SFr3,087m (€1,917m) and the net attributable profit dropped by 47.3% to SFr1,739m (EUR1,080m) as there had been an exceptional gain on selling 85% of the South African business last year. The net debt at the end of September was 9.5% higher at S... |
NTPC to set up two cement plants, India13 November 2008, Published under Cement NewsNational Thermal Power Corporation (NTPC) on Wednesday announced that it would be setting up two new cement plants in partnership with private sector. The ventures will be executed through the formation of a special purpose vehicle with NTPC holding 26 per cent equity each in both the ventures and private sector taking the major share. Giving this information here, Minister of State for Power, Jairam Ramesh, said the locations for the two cement plants had been decided at Barh (Patna distri... |
Cimpor has capacity for further acquisitions12 November 2008, Published under Cement NewsPortuguese cement producer Cimpor has the financial capacity to make further acquisitions, according to estimates of market analysts polled by local business daily Jornal de Negocios on Monday. The "good financial structure and the free cash flow on markets where Cimpor operates" are the main reasons for the analysts’ belief in the company’s potential for new purchases. In the first half of 2008, despite the overall 6% decline in cash flow, markets like Morocco, Egypt and Brazil represente... |
Star Cement to invest US$200m in RAK unit12 November 2008, Published under Cement NewsStar Cement Co has planned to invest Dh730m ($200m) in a state-of-the-art clinker manufacturing unit in Ras Al Khaimah, a report said. The unit, owned by the giant ETA Ascon Star Group, will have a production capacity of 6500tpd of clinker, according to the Gulf News. The energy efficient and environment friendly unit will be ready by February next year. It will be able to produce 2.2Mta and will supply the much-required clinker for the company’s cement grinding plants in Abu Dhabi and Aj... |
CRH expects a 15% pre-tax profit decline for 200812 November 2008, Published under Cement NewsCRH has seen a sharper than expected slowing down in activity in Europe during September and October, while the American businesses have been performing very much in line with expectations. For the year, the European trading profit is likely to fall from €1,106m to no approximately €1,050m, while in the Americas, the trading profit can be expected to decline from US$1,343m to somewhere in the region of US$1,150m, with the group pre-tax profit declining by some 15% to about €1,600m to €1,... |
Holcim to close plants after 3Q net profit falls 23%12 November 2008, Published under Cement NewsHolcim Ltd Wednesday became the latest cement and building materials company to lower production in response to a severe downturn in construction markets, as it also reported a 23% fall in third-quarter net profit due to higher raw material costs. The Swiss company, one of the world’s top three cement and building materials companies by volume and sales, will close plants in the U.S. and Spain after warning that operating profits will continue to fall in the fourth quarter as the economic d... |
Athi River Mining Firm to List On DSE11 November 2008, Published under Cement NewsHaving invested in a multibillion dollar cement plant construction project in Tanzania, Kenya based firm, Athi River Mining Limited has concrete plans of listing on the Dar es Salaam Stock Exchange (DSE). The Managing Director Athi River Mining Limited, Mr. Pradeep Paunrama, said recently that the company intends to list on the Dar es Salaam Stock Exchange as soon as possible. "We have chosen Tanzania as one of our investment destinations because the country is endowed with industrial mine... |