Cement News tagged under: international
CCP to issue show cause notice to APCMA today27 October 2008, Published under Cement NewsThe Competition Commission of Pakistan (CCP) has decided to issue show cause notice to the All Pakistan Cement Manufacturers Association (APCMA), Lahore on Monday against the Cartelisation of the cement manufacturers, allegedly involved in price hike of cement. Sources told Business Recorder on Sunday that the CCP has completed investigation against the cement manufacturers on the basis of evidence available during inspection of the APCMA headquarters at Lahore. The inquiry has been complet... |
Removal of import tariff on cement opposed, Philippines27 October 2008, Published under Cement NewsFormer senator-turned consumer advocate Wigberto Tañda expressed strong opposition yesterday to the plan of the Philippine Department of Trade and Industry (DTI) to lift the tariff barrier on imported cement. Tanada said he foresees more difficult times for the domestic cement industry, notably its workforce once the government removes the “lready low”ariff on imported cement. Business leaders also warned against the backlash of eliminating cement tariff, saying it would send a wrong signa... |
Jaypee Cements to start work after security assurance27 October 2008, Published under Cement NewsJaypee Cements today said it would begin construction work for the upcoming cement factory here only after getting security assurance from the administration and local villagers. Company’s Vice-President Ashok Sharma said, "We have decided to start work to set up the cement factory in November if we get a guarantee on cooperation from the villagers and the district administration." Jaypee Cements is worried over security after villagers on Thursday set on fire property at Baruatand in Bokar... |
Akmenes Cementas Jan-Sept revenues up 29 per cent27 October 2008, Published under Cement NewsLithuania’s only cement manufacturer Akmenes Cementas said on Friday that its sales revenue for the first nine months of this year jumped by 29 per cent YoY to LTL232m (EUR 67.2m). However, monthly sales for September fell by seven per cent from a year earlier to LTL26m. "The general crisis in the construction market is having an impact on the cement market as well. Construction declined in September, bringing down the company’s sales and revenue," Akmenes Cementas’ public relations office... |
Binani Cement net tumbles 44% for Sep ’08 qtr27 October 2008, Published under Cement NewsBinani Cement announced a substantial drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 43.99% to Rs 268.10m from Rs 478.70m in the same quarter previous year. Net sales for the quarter jumped 45.15% to Rs 3,102.50 million, while total income for the quarter jumped 41.60% to Rs 3,110.90 million, when compared with the prior year period. The company reported earnings of Rs 1.32 a share during the quarter, registering 4... |
China cement production growth slows in Jan-Sept27 October 2008, Published under Cement NewsChina’s cement output growth has decelerated in recent months due to weak demand and cement producers production cut to stabilise prices. Statistics show that China produced 1.01bn tons of cement in January-September, up 6.9 per cent YoY in comparison with 7.35 per cent rise in the first eight months this year. Cement production totaled 124.23Mt in September with month-on-month growth and YoY growth at 3.65 per cent and 3.1 per cent, respectively. Luo Guo, analyst with Orient Securities, ... |
Inekon to build cement works worth CZK 4.7bn in Egypt24 October 2008, Published under Cement NewsCzech company Inekon Group, exporting complete plants, industrial equipment and railway vehicles, will build cement works worth about Kc4.7bn in Egypt under a contract signed on Wednesday, the company told CTK in a press release Thursday. Inekon Group has won a tender put up by North Sinai Cement Company at the beginning of this year. The cement works near ¨Cairo is to be put into operation in 2011, with planned output of 1.6Mt of cement a year. Project documentation is to be drafted by th... |
Lafarge introduces new product, South Africa24 October 2008, Published under Cement NewsLafarge has introduced the high earlystrength cement product Rapidcem CEM II 52,5N, which was developed in New Zealand for projects requiring early setting or strength development, to South Africa. The new generation cement caters for the needs of a growing construction market involving large construction projects, while reducing the negative affects that cement has on the environment. Boosted by the country’s current infrastructural spending drive, South Africa’s construction sector was t... |
Titan Group says turnover up, profits down in Jan-Sept24 October 2008, Published under Cement NewsTitan Cement on Thursday reported a 15.6 per cent decline in its consolidated net, after tax and minorities, profits to EUR 163m in the nine-month period from January to September 2008, and said revenues grew 3.5 per cent to EUR1.184bn over the same period. Operating pre-tax, interest and amortization earnings (EBITDA) fell 15.4 per cent to EUR289m in the January-September period, compared with the same period last year. The Group attributed its improved turnover to the integration of r... |
Grasim, ACC quarterly profits take a plunge24 October 2008, Published under Cement NewsAgainst the backdrop of high input costs and general economic slowdown, Grasim, the Aditya Birla Group’s flagship company, saw a 21% fall in its consolidated net profit for the quarter ended September 30, 2008, at Rs 486 crore against Rs 620 crore registered in the corresponding quarter last year. However, consolidated sales for the period rose 13% to Rs 4,489 crore as against Rs 3,964 crore a year ago. The company, whose business interests lie in viscose staple fibre (VSF), chemical plants... |