Cement News tagged under: international
Cement offtake in South surpasses all-India numbers01 September 2008, Published under Cement NewsCement majors, including India Cements and Madras Cements, have been reaping the benefits of higher prices and the highest growth in demand from the southern market in the first four months of 2008-09. The growth in cement consumption in the southern market has outperformed the country’s demand in the April-July period of the current financial year. The region has registered growth of 12.1 per cent in consumption against the all-India average of 8.2 per cent. Moreover, the South is the o... |
New cement plant in Baha, Saudi Arabia01 September 2008, Published under Cement NewsIn line with the directives of Custodian of the Two Holy Mosques King Abdullah, an SR1.48bn cement plant is to be established in the Baha province, located south of Jeddah. Last year, King Abdullah issued a special directive to establish cement factories in Jouf, Hail and Baha provinces. The agreement to set up Dana Al-Baha for Cement was signed last week in Baha between the Baha Governor Prince Muhammed Ibn Saud and Hussein Ibn Abdul Wahab Ibn Dajaam, chairman of the Dana Holding Company,... |
China’s reports sound performance in January-May01 September 2008, Published under Cement NewsChina’s cement output increased nine per cent to 514Mt, and sales revenue soared 23.6 per cent to CNY160.7bn in January-May, according to Guangzhou Metal Trading Center. The average price increased 10.1 per cent in May due to the growing coal cost and market demands. The profit posted CNY8.41bn in January-May, up 65.4 per cent year on year. Huaxin Cement posted 31 per cent increase in operating revenue to CNY2.725bn, and 74 per cent increase in net profit to CNY190m in its first half repo... |
Fall in coal prices may ease cement firms cost burden01 September 2008, Published under Cement NewsThe recent fall in coal prices seems to have provided a much needed breather to cement companies in India, but it apparently is not enough to protect the depleting profit margins. As per report, coal cost for the cement companies is likely to range between US$190/t and US$200/t in the Q2 of the financial year 2008 against US$170/t to US$240/t in the Q1. Mr KC Birla CFO of UltraTech Cement said that “The dip in coal prices is in line with crude oil. Coal was sold at US$240/t, when crude oil... |
Siam Cement plans to raise output in Cambodia01 September 2008, Published under Cement NewsSiam Cement Group (SCG), Thailand’s largest industrial conglomerate, is planning to invest $200m to more than double the capacity of its cement factory in southern Cambodia. Kampot Cement Co Ltd, a joint venture in which SCG holds 93% and a Cambodian partner the rest, aims to lift its annual capacity to 3Mt by 2010 from the current 1Mt, according to the Thai embassy in Phnom Penh. So far, SCG has invested $127m in the facility located 148km southwest of Phnom Penh and within driving dist... |
Cement prices fall in north India as supply improves29 August 2008, Published under Cement NewsExcess supplies and faltering demand have forced cement makers to reduce prices by Rs5-10 per 50kg bag in north India. The fall in prices of bulk cement, which is sold directly to builders, is more steep at Rs 20-25. Cement makers say prices started softening in March-April across north India. The drop was first seen in bulk cement prices, where builders struck better bargains on the back of imports from Pakistan and fresh supplies from large capacities coming on stream in the January-Marc... |
Cemex, Chávez reach agreement on nationalisation29 August 2008, Published under Cement NewsThe Venezuelan government has reached an agreement with Cemex on the nationalisation of subsidiary Cemex Venezuela, Mexican paper La Jornada reported. Under the deal, the state takes control of Cemex Venezuela plants, while the parent company agrees to negotiate a fair price for the facilities by September 26, the report said. At the same time it was agreed that this price will be determined after the parties analyze the results of several audits on the company. Both parties signed an u... |
Inquiry against cement-makers shelved, Pakistan29 August 2008, Published under Cement NewsThe Ministry of Industries and Production has shelved an inquiry against cement manufacturers with the argument that prevalent cement prices are justified, well-placed sources told Business Recorder here on Thursday. Earlier, the ministry had confirmed that the per bag price calculated by its cost accountant showed a difference of Rs 55 per bag from the price submitted by the All Pakistan Cement Manufacturers Association (APCMA). The shelving of the inquiry has, therefore, raised several q... |
Ground breaking ceremony, Kenya28 August 2008, Published under Cement NewsThe Kenyan economy has, in the past five years, registered impressive growth. This has translated into surging consumer demand and, inevitably, demand-push inflation. Nowhere has this phenomenon manifested itself more than in the construction sector. Demand in the industry has pushed prices beyond the reach of most home-builders, a situation that is of mounting concern to both policy-makers and to ordinary Kenyans. Early this week, President Kibaki, for the second time in his tenure, paid ... |
Saudi Tabuk Cement net profit at US$31.8m in 1H0828 August 2008, Published under Cement NewsSaudi cement producer Tabuk Cement Company (TCC) registered a slight decline in its net profit to SAR119.4m (US$31.8m) in the first half of 2008 from SAR120.1m (US$32m) in the same period last year. The earnings per share (EPS) stood at SAR1.33 (US$0.36) for January to June 2008. The company booked an operating profit of SAR108.3m (US$28.9m) in the first six months of 2008, a decrease of 3.3 per cent YoY. In the second quarter of 2008, TCC’s net profit rose to SAR68.8m (US$18.3m) from ... |