Cement News tagged under: international
SCG expects cement demand will contract 10% in 200907 November 2008, Published under Cement NewsMr Pramote Techasupatkul, President of SCG Cement Co. Ltd, a subsidiary of SCC Plc, has stated that domestic demand for Portland cement may drop at least 10% in 2009, from the 25.6Mt in 2008, blamed on the sluggish global economy and domestic political problems. It is expected that SCG’s cement sales in 2008 will reach about 9Mt, up 6% YoY. Their cement exports will total around 8.1-8.2Mt – similar to their 2007 export of 8.1Mt. Currently, the company is producing cement at 80% of capacity.... |
Venezuela VP Hopes for deal this year over seized Cemex unit07 November 2008, Published under Cement NewsVenezuelan Vice President Ramon Carrizales said Thursday that the government hopes to reach a deal with Cemex this year over the company’s compensation for its seized local unit. "We’ve made progress" in the negotiations with Cemex, Carrizales told Dow Jones Newswires. "We hope to reach an agreement this year," he added. "We’re still discussing the price," said Carrizales, who has been overseeing the negotiations with the cement company. Cemex’s Venezuelan unit was seized in August as the... |
Lafarge defers 18Mt of planned new capacity07 November 2008, Published under Cement NewsHelped by the acquisition of Orascom, Lafarge generated a turnover 8.3% higher at EUR14,386m in the first nine months of the year and the EBITDA improved by 14.2% to EUR3,579m, with a similar percentage improvement at the trading level. The net attributable profit before exceptional items rose by 11.6% to EUR1,273m. Net debt at the end of September was 95.6% higher at EUR17,103m, to give a gearing level of 110.8% compared with 77.6% a year earlier. Capital expenditure was 46.1% higher at ... |
Continental Europe & emerging countries help HeidelbergCement’s advance06 November 2008, Published under Cement NewsHeidelbergCement’s results for the first nine months include Hanson for the full period, compared with just one month last year, as a result of which turnover grew by 49.1% to EUR10,809.2m and the EBITDA by 24.4% to EUR2,141.2m, while the trading profit increased by 15.6% to EUR1,552.0m. The net attributable profit, boosted by the capital gain on the sale of Maxit this time and on the stake in Vicat last year, improved by 8.5% to EUR1,984.7m. The net interest charge jumped 118.8% to EUR55... |
Cementir’s main markets become more difficult06 November 2008, Published under Cement NewsCementir’s turnover edged ahead by 0.1% in the first nine months to EUR860m, but actually declined by 6.9% in the third quarter. Volumes have begun falling in the group’s principal cement markets of Denmark, Turkey and Italy, while energy costs continued to rise. This led to a 16.6% reduction in the EBITDA to EUR 173m, while the pre-tax profit fell by 35.3% to EUR 102m. Investments are currently under way in both Italy and Turkey to make use of alternative kiln fuel in some of C... |
Dalmia Cement Oct cement shipments down 10.7% YoY05 November 2008, Published under Cement NewsDalmia Cement (Bharat) Ltd’s October cement shipments fell an annual 10.7 per cent to 216,000t, the company said on Tuesday. Production edged up to 249,000t from 246,000t a year ago, Dalmia Cement said in a statement. |
Israel withholds cement to Gaza Strip05 November 2008, Published under Cement NewsIsraeli companies stopped providing cement to the Gaza Strip upon orders by the Israeli military, a Palestinian importer said on Tuesday. "The Israeli company ceased providing Gaza with the cement since the end of the last week," said Nabil al-Zaeem, director of the Commercial Services Company. "The Israeli security department ordered the withholding of the concrete." Al-Zaeem added that the amount of cement, that Israel started to send into Gaza in June, was "very reduced and only meets 10... |
Shree Cement Oct shipments up 12.8 per cent05 November 2008, Published under Cement NewsShree Cement said on Tuesday its October shipments rose 12.81 per cent to 625,000t, from 554,000t a year earlier. Total shipments between April to October 2008 rose 21.23 per cent to 4.11Mt from 3.39Mt a year ago, it said in a statement. The firm has a capacity to produce 8Mta of cement at its plant in the northern state of Rajasthan. |
India Cements may relocate its proposed Himachal project05 November 2008, Published under Cement NewsIndia Cements, the south Indian cement major, may relocate its proposed 2Mt facility in Himachal Pradesh or put it on hold because of infrastructure hurdles and a slowdown in the cement industry. The plant, which has seen a delay in commissioning by over a year, faces an uncertain future, denting the company’ expansion plans in the northern region. On a query over the expected pull-out from Himachal Pradesh, V M Mohan, joint president, corporate (finance), India Cements, said, “We need to ... |
HeidelbergCement’s 3Q profit drops 25%, to cut costs05 November 2008, Published under Cement NewsHeidelbergCement’s third-quarter pre-tax profit fell 25 per cent, it reported on Wednesday, and said it was launching a new cost-cutting campaign in the face of volatile energy costs and an economic slowdown which could hurt earnings. The world’s fourth-largest cement maker said pre-tax profit in the three months fell to EUR513m (US$658.8m). But revenue rose 25 per cent to EUR3.9bn, boosted by the integration of Hanson, which it bought for EUR14bn in 2007. The company, majority controlled ... |