Cement News tagged under: international
‘Cement M&A may see action in 6-12 months’11 November 2008, Published under Cement NewsThe Indian cement sector is seeing an upheaval due to government intervention, real estate slowdown and looming oversupply fears, according to an article published in DNA. Sourav Mallik, executive director, Kotak Investment Banking, who closely tracks the cement sector, spoke to DNA Money’s Pooja Sarkar on the outlook for the sector. What is your outlook for the cement sector? The sector at present has a capacity of 204 Mta nd a demand of 180-190 Mta with an utilisation rate of 90-95%. With... |
Ciments Francais reports drop in profit11 November 2008, Published under Cement NewsCiments Francais saw its operating profit slump by 21.5 per cent to EUR200m in the third quarter, while the net profit (group share) fell by 12.6 per cent to EUR109m. The company has seen a surge in energy and raw material costs, while exchange rates have been unfavourable. The group’s turnover for the quarter rose by 2.6 per cent to EUR1.2bn, despite a drop in sales volumes. The decline in business has accelerated in developed countries over the last few months, while growth in most emer... |
Siemens AG new order from Ciments du Maroc11 November 2008, Published under Cement NewsSiemens AG announced that the Siemens Industry Solutions Division has received an order from the Moroccan company Ciments du Maroc, Casablanca, to supply electrical equipment for the new cement works at Ait Baha near Agadir, Morocco. The order, valued at around EUR9m, also includes installation services. Commissioning is scheduled for the end of August 2009. |
South Africa’s PPC boost FY headline EPS by 8%11 November 2008, Published under Cement NewsPretoria Portland Cement (PPC) posted an eight per cent rise in full-year headline earnings per share but southern Africa cement sales volumes slipped due to a tough housing market. PPC said headline EPS – South Africa’s key profit gauge which strips out capital, non-trading and some extraordinary items – rose to 283 cents from 263 cents. In southern Africa, cement volume sales declined 1.6 per cent – its first decline in seven years – due to weaker demand from the residential sector, alth... |
Portland Cement Association Congratulates Barack Obama10 November 2008, Published under Cement NewsPortland Cement Association (PCA) congratulates President-elect Barack Obama and Vice president-elect Joe Biden on their election. “Because we are based in Illinois, we are especially proud of our home-state Senator and his agenda for rebuilding and renewal,” said Brian McCarthy, PCA president and CEO. Throughout his campaign, President-elect Obama expressed strong support for restoring and enhancing the nation’s infrastructure critical to economic growth. Infrastructure funding will crea... |
Titan Cement acquires more land10 November 2008, Published under Cement NewsCarolinas Cement Company, a subsidiary of Titan, announced the purchase of additional property south of Holly Shelter Road, across from the site of its proposed cement plant. The company plans to shift some of its mining operations to the new property to ensure the wetlands near the Northeast Cape Fear River will not be impacted by its proposed plant. "This new quarry plan is consistent with Carolinas Cement’s corporate values of environmental stewardship," said Jay Willis, Carolinas Cemen... |
Vietnam: Cement maker to list over 1m shares10 November 2008, Published under Cement NewsThe Thai Binh Cement Joint Stock Company will list more than 1 million shares at the Hanoi Securities Trading Centre (HASTC) under the code TBX starting November 18. The company has a charter capital of VND10.1bn (US$612,969) and specialises in the production of cement and other kinds of building materials. |
Brazil Jan-Oct cement sales grow 15.7 per cent10 November 2008, Published under Cement NewsCement sales grew 15.7% January-October in Brazil compared with the same period last year, to 42.86Mt according to figures out Friday from the National Cement Industry Association (Snic). In October these sales rose 11.6% to 4.82Mt, while sales per day grew 7.2% from October 2007, but fell 1.4% in relation to September 2008. |
India Cements sees no slowdown in demand10 November 2008, Published under Cement NewsIndia Cements Ltd , southern India’s biggest cement maker, sees no slowdown in demand despite the ongoing economic downturn, a top official said. "Overall growth has been eight per cent this year and the south which is our main market has grown about 12 percent," N Srinivasan, vice-chairman and managing director,told newschannel NDTV Profit. However, the company does see delay in capacity expansion in some projects, he added. |
Work starts on new cement plant in Vietnam10 November 2008, Published under Cement NewsThe construction of a cement plant with designed capacity of 800,000tpa was started in northern Thai Nguyen province on November 9. The Quan Trieu Cement Plant, invested by the Viet Bac Mining Industry Company under the Vietnam Coal and Mineral Industries Group, has a total investment capital of over 1.3 trillion VND (US$76.7m). Once operational in 2010, the plant, to be built by a joint venture of two Chinese and three Vietnamese companies, will help raise the company’s annual capacity to... |