Cement News tagged under: international
Holcim: Mexico not expected to reach growth estimates29 October 2008, Published under Cement NewsThe volatile world economy means forecasts cannot be made regarding the Mexican cement industry’s performance, Holcim spokesperson Gustavo Gastelum told paper Milenio. The company does not, however, expect the local industry to meet the growth estimates posted at the beginning of 2008, the local branch representative said. Holcim expects a slowdown in Latin America’s construction sector, which will lead to modest growth. However, performance in the region will be better than in developed e... |
Maintain the tariffs: CEMAP Philippines29 October 2008, Published under Cement NewsDr Ordoñez, president of the Cement Manufacturers Association of the Philippines and the Asean Federation of Cement Manufacturers wants Philippine cement import tariffs to remain in place, especially with news of a regional cement demand slowdown and with a consequent higher export potential likely to target Philippine shores. The problem is that these imports may be ‘dumped’ says Ordoñez which happened before. This cost the cement industry PHP9bn in losses in 2002 alone, before safeguards ... |
Lucky Cement announces results29 October 2008, Published under Cement NewsLucky Cement has announced its results for the first quarter of fiscal year 2009 with 32 per cent growth. The company posted profits of PKR963m with earnings per share (EPS) of PKR2.98 versus profits of PKR 731m and EPS of PKR2.26 in 1QFY 2008. Gross profit increased by 136 per cent to PKR 2.3bn versus Rs1bn in 1QFY 2008. Moreover, gross profit margins of the company in 1QFY-08 went up to 41 per cent from 27 per cent last year, due to better cement prices in the local market as well... |
Dangote Cement outlines vision for industry28 October 2008, Published under Cement NewsDangote Cement has outlined the company’s vision for the future of the cement industry in Nigeria. A release signed by Chief Executive Officer, Richardson and Briggs, Charles Urhoboghara, noted that over the last six months, the company has announced plans to invest US$3.5bn in the cement industry in Nigeria and invest over $5bn across Africa. It is also targeting installed production capacity of 26Mt in Nigeria by 2010 and 50 million tons of capacity across Africa by 2012. Speaking at , ... |
HeidelbergCement to buy back bonds28 October 2008, Published under Cement NewsHeidelbergCement AG announced on Monday it will buy back bonds issued in April 1999, October 2007 and January 2008. The total nominal value of these bonds comes at EUR 1.78 billion (USD 2.22bn). Of them the cement producer will purchase securities with a nominal value of up to EUR 200 million for a sum not exceeding the current market prices. The company will use free liquid funds to finance the move. |
Lafarge WAPCO to increase production28 October 2008, Published under Cement NewsThe management of Lafarge WAPCO may have concluded arrangements to increase its production output, following plans to deploy, by 2010, a new 2.2Mt-line, which will increase the firm’s aggregate capacity to 4.2Mt. Lafarge WAPCO currently has a capacity of 2Mt through its plants at Ewekoro and Sagamu in Ogun State. The company, it was gathered, has signed a contract with CBMI Construction Company of China for the supply of equipment and subsequent erection in Ewekoro, while it has also signe... |
Holcim Romania: construction to grow at slower pace28 October 2008, Published under Cement NewsThe Romanian construction sector will grow by 10-15% in 2008, but it will temper its pace in 2009, due to the financial crisis and the change of lending conditions, Markus Wirth, cement producer Holcim Romania’s general manager, told MEDIAFAX on Monday. "For 2009, we expect the same ascending trend of this market, yet at a lower level because of the change of the conditions for credits for houses, but also because of the financial crisis," Wirth said. In 2008, the construction sector will ... |
Egypt launches cement projects in North Sinai28 October 2008, Published under Cement NewsEgyptian PM, Ahmed Nazif has inaugurated cement projects in North Sinai governorate, Middle East News agency reported. Nazif inaugurated the second production line for Sinai Cement Company for a total cost of EGP1bn and a capacity of 5.1Mta raising the total production capacity for the company to 9.2Mta. The PM also inaugurated a whitecement factory for a total capacity of 410,000tpa, and another factory for cement packing. The Egyptian government is undertaking several steps to help sup... |
Eagle Materials sales and profits decline28 October 2008, Published under Cement NewsEagle Materials’ turnover for the six months of the end of September declined by 17.6% to US$355.7m and the pre-tax profit dropped by 68.6% to US$33.2m, after a 105.2% jump in the net interest charge to US$16.1m. As a result of the losses incurred in the plasterboard operations, the trading profit from the cement operations accounted for 89.3% of the group total. Turnover from cement fell by 13.0% to US$168.2m, of which the wholly-owned operations saw a 20.7% drop to US$116.1m, but the g... |
HAVER Technology Days roundup27 October 2008, Published under Cement NewsWith its Technology Days, Haver & Boecker, the German specialist for packing machinery, succeeded in launching a new information concept. During the week of October 13-17, both a customer conference and a sales rep session took place simultaneously at Haver headquarters in Oelde, Germany. The Haver Technology Days conference was split up according to the different business units, and took place concurrently. There was a customer conference day for the divisions of Chemicals, Building Mate... |