Cement News tagged under: international
Boral’s cement volumes ahead24 October 2008, Published under Cement NewsThat the annual general meeting, Mr. Rod Pearse, managing director of Boral, reported higher volumes and prices for cement in its first quarter, to the end of September. Blue Circle Southern Cement increased prices on the east coast during August and September. The 50% capacity increase in the grinding and clinker storage facilities of Sunshine Cement in Queensland are progressing well and will take the annual cement capacity at the associate, owned jointly with Adelaide Brighton, to 1.5M... |
Higher interest charges depress Titan’s profits24 October 2008, Published under Cement NewsTitan’s turnover increased by 3.5% to EUR1,183.5m in the first nine months of 2008, while the EBITDA declined by 15.4% to EUR289.3m. Net debt at the end of September was 114.2% higher at EUR1,133m after having incurred capital expenditure of EUR139m and having spent EUR470 on acquisitions, predominantly in the Near East. In addition, Titan spent EUR56m on buying back its own shares. Higher interest charges contributed to the 27.7% reduction in the pre-tax profit to EUR179m, while the reduced ... |
Indian cos optimistic on 9% consumption growth23 October 2008, Published under Cement NewsDespite a drop in demand from housing sector and a general slowdown in industrial activities, the cement companies are optimistic about 9% growth in demand over the next two years, according to a report in the Financial Express of India. Delays in commissioning of new capacities as well as hiccups in commencing commercial production of new capacities are expected to drive the demand. Moreover, the new capacities will take some more time to operate at 90% capacitiy utilisation, which wil... |
Australia: Adelaide Brighton: FY net expected lower23 October 2008, Published under Cement NewsAdelaide Brighton Ltd Thursday said net profit for the year to December 31 will be towards the lower end of its guidance between A$120m and A$126m. The building products group said cement demand is expected to grow by 5%-8% in 2008 with September cement volumes still robust in all markets. In a presentation to the UBS emerging companies conference, Adelaide Brighton said further weakness of the Australian dollar is likely to impact earnings before interest and tax by circa A$3m-A$4m in fou... |
Indonesia’s Semen Gresik Q3 net profit up 15.4 pct23 October 2008, Published under Cement NewsIndonesia’s largest cement producer, PT Semen Gresik Tbk, saw a 15.37 per cent rise in its third-quarter net profit, according to Reuters calculations, showing a mild slowdown after robust growth in previous quarters. The state-owned firm’s July-September net profit climbed to IDR660.32bn (US$66.73m) from IDR572.36bn reported in the same period a year ago, based on calculations from its published nine-month and first-half results. Semen Gresik recorded a 16.54 per cent increase in sales ... |
GCC reports 3Q 2008 Results23 October 2008, Published under Cement NewsGrupo Cementos de Chihuahua announced consolidated results for the quarter ended September 30, 2008. In the third quarter of 2008, the company generated double-digit sales growth in dollar terms compared to the third quarter of 2007. This growth reflected the integration of acquisitions made in the first quarter of the year, revenues generated by the new cement plan in Pueblo, Colorado, and strong performance in Bolivia. In addition, GCC registered an increase in EBITDA in dollar terms comp... |
Cimpor may invest EUR 60m in Ecuador22 October 2008, Published under Cement NewsPortuguese cement producer Cimpor may invest up to EUR60m in Ecuador, the group’s investment director Antonio Vega admitted this possibility as Portugal’s economic daily Diario Economico wrote in its Tuesday edition. Cimpor is interested in partnering with the state of Ecuador in the conception and construction of a third cement production plant in eastern Misahualli, Vega added. At the end of the previous week, the director of Cimpor’s investment arm Cimpor Inversiones met Ecuador’s Presi... |
China’s Anhui Conch Cement Q3 net profit up 13.3%22 October 2008, Published under Cement NewsAnhui Conch Cement Co Ltd said third quarter net profit under Chinese accounting standards rose 13.3 per cent YoY to CNY704.27m on higher output and prices. In a financial report filed with the Shanghai Stock Exchange, the company said operating revenue in the third quarter rose 40.31 per cent to CNY6.478bn. Net profit in the first nine months rose 34.27 per cent YoY to CNY2.018bn, the company said. Operating revenue in the nine months rose 28.55 per cent YoY to CNY16.675bn. Investment inc... |
Shree Cement Q2 net at RS 107.4922 October 2008, Published under Cement NewsShree Cement Ltd today reported a net profit of Rs 107.49 crore during the second quarter ended September, up merely one per cent over the same period last year. The total income, however, was up by 31 per cent during the period at Rs 647.12 crore. During the quarter the company earned Rs 17.84 crore from sale of carbon credits, the company said in a statement. |
Attock Cement first quarter profit rises to Rs 75.073m, Pakistan22 October 2008, Published under Cement NewsThe profit after tax of Attock Cement Pakistan Limited has increased to PKR 175.073m in the first quarter ended September 30, 2008 as compared to PKR88.048m earned in the corresponding period last year. The earning per share of the company surged to PKR2.43 in the period under review against PKR 1.22 in the same period a year back. According to financial results, the company’s net sales increased to PKR1,913.951m in this period against PKR1,064.213 million the same period last year. The cos... |