Cement News tagged under: international
India Cements Q2 net falls 40% on forex losses31 October 2008, Published under Cement NewsIndia Cements Ltd reported a 40 per cent drop in its July-September net profit, lagging analyst estimates on higher depreciation, a notional loss on foreign exchange and more taxes, a top official said. Its profit fell to INR1.34bn from INR2.23bn a year ago despite an increase in sales to INR10.88bn from INR8.90bn a year earlier. A Reuters poll of brokerages forecast a net profit of 1.61 billion rupees for the quarter. Depreciation accounted for INR497.6m from INR303.2m a year ago, manag... |
Semapa posts 11% profit fall31 October 2008, Published under Cement NewsPortuguese construction group Semapa closed the first nine months of 2008 with a net profit of EUR87m, an annual decline of 11%, the group informed the national bourse regulator in a filing on Thursday. Paper and pulp production subsidiary Portucel contributed to the overall profit of Semapa by 5% more than a year ago, and the cement producer Secil by 25% more. The good performance of Secil is explained mainly with a rise in earnings before interest, tax, depreciation and amortisation (EBIT... |
Lafarge plans to invest EUR100m in French plant31 October 2008, Published under Cement NewsLafarge unveiled on Wednesday its plan to invest EUR100m to set up a new production line at its plant in the Provence region, southern France. At present, the company is trying to obtain all necessary approvals for the investment. Local authorities are carrying out a public investigation which is expected to end on November 6. If the planned investment gets the green light, the group hopes that the future facility will be ready by 2012. Thanks to the new production line, the plant’s produ... |
Cemex closes German capacity31 October 2008, Published under Cement NewsCemex is trying to bring capacity in line with the falling demand by three capacity closures in Germany. This follows falling cement demand both in Germany and in the company’s export markets. The 0.4Mta grinding plant at Beckum-Meersmann in North-Rhine Westphalia, where the kiln was shut down in 2006, being closed. Cemex is also shutting down two older 0.3Mta kilns at its large Rüdersdorf works to the east of Berlin. The Rüdersdorf works has been used to supply Cemex trading operation... |
UAE Ministry to retain price cap on cement manufacturers30 October 2008, Published under Cement NewsThe UAE Ministry of Economy says there will not be any immediate revision on the price cap of cement, even as representatives of factories said they are producing at a loss. Despite a drastic fall in oil prices, some cement manufacturers yesterday told Emirates Business they were producing 50kg cement bags at a loss. While the price of cement sold by factories is fixed, traders are selling imported cement cheaper by Dh30 per tonne. "At present we are selling at Dh360/t, while imported cemen... |
HeidelbergCement Ukraine plans US$15m capital investments30 October 2008, Published under Cement NewsHeidelbergCement Ukraine plans to direct UAH 104.5m (US$ 15.3m) of capital investments into its organic development for full year 2008, up from UAH40.3m a year earlier, company representative said today. HeidelbergCement Ukraine will invest UAH 55m of the total in its Novoamvrosievsky cement plant, another UAH40m will go for the development of the Krivorozhsky plant and UAH 10m will be allocated to the cement factory in Dniprodzerzhynsk. The company’s investment programme envisages capital... |
Siam Cement delays overseas cement expansion30 October 2008, Published under Cement NewsSiam Cement PCL has delayed cement plant expansion in Cambodia and a new investment in Indonesia as cement demand falls due to a global economic slowdown, its cement division president said on Thursday. Thailand’s biggest industrial conglomerate also saw domestic cement consumption dropping 6-7 per cent this year from 25.6Mt in 2007, and at least 10 per cent next year, Pramote Techasupatkul told Reuters in an interview. Rather than expansion, Siam Cement would focus on a THB4bn (US$115m) i... |
Cimpor in a further Chinese venture30 October 2008, Published under Cement NewsCimpor Chengtong Cement, which is effectively controlled by the 40% shareholder Cimpor, has agreed to acquire the entire share capital of Liyang Dofang Cement Company at a cost of approximately EUR25m. Liyang Dofang Cement operates a cement works in the province of Jiangsu, near Changzhou in the Yangtze delta, with a clinker capacity of 0.9Mta. The turnover last year approached EUR11m. When the integrated works at Shanting and the grinding mills at Huaian and Suqian are completed next... |
Steppe Cement commissioning of Line 629 October 2008, Published under Cement NewsSteppe Cement Limited announced that its 100% subsidiary Karcement JSC has successfully commissioned line number 6. Line 6 will have an initial capacity of 800,000tpa that will be progressively increased to 1Mta. |
Geocycle Singapore new plant29 October 2008, Published under Cement NewsSingapore’s building industry is taking steps to green itself, with the opening on Wednesday of a new plant which will recycle used copper slag to make concrete. The plant by Geocycle Singapore can process 360,000t of collected copper slag from local shipyards, which will be a substitute for sand in making ready-mixed concrete. The Sungei Kadut facility will also function as a research and development centre for alternative and eco-friendly building materials. It is a joint venture firm b... |