Cement News tagged under: international
Thailand: construction steel prices likely to fall26 August 2008, Published under Cement NewsThe price of construction raw materials is expected to stabilise in the second half, with steel dropping nearly three per cent but cement rising 510 per cent. Construction experts yesterday told a seminar entitled "PropertyMarket Trends in Hard Economic Times", held to celebrate this month’s fourth anniversary of the Real Estate Information Centre (REIC), that several economic factors, such as oil prices, inflation and consumers’ purchasing power, were expected to improve in the second hal... |
Positive results for Holcim Lanka, Sri Lanka26 August 2008, Published under Cement NewsHolcim Lanka has recorded a very positive product results despite the difficult economic environment during the first quarter of the year. The Group companies in Bangladesh and Sri Lanka delivered more cement, and Holcim Lanka benefited from taking over the terminal of Ambuja Cements in the South of the island. a spokesman for Holcim Lanka said. The two Indian Group companies increased their cement deliveries compared with the same period last year. The continuing expansion of the read... |
Cement prices to be adjusted, Vietnam26 August 2008, Published under Cement NewsThe Ministry of Construction has required the Vietnam Cement Industry Corporation to develop a ’road map’ for stabilising cement prices, said deputy Minister of Construction Nguyen Tran Nam. The requirement also calls for a readjustment to current cement prices while also aiming to guarantee stable production and strong development for the country’s cement industry. In the past, the cement industry faced many difficulties in finding investment capital for large projects. The industry’s... |
First phase of Cemex terminal at Liepaja Port completed, Latvia26 August 2008, Published under Cement NewsThe first phase of construction at the Cemex cement terminal at Liepaja Port, Latvia has been completed, according to Cemex public relations manager Eriks Matuli. The project is being implemented by Cemex in conjunction with the Liepaja Port company "Liepajs osta LM". Total investments in the project are estimated at EUR9.7m, including the investments of Cemex at EUR7.2m. The construction of the cement terminal in Liepaja began last November. After the second round of the construction... |
CRH 1H revenue EUR9.7bn26 August 2008, Published under Cement NewsCRH Tuesday announced an interim pretax profit of EUR606m for the six months to June 30, compared to EUR670m for the same period last year. Following 15 years of consecutive growth and a record performance in 2007, more difficult trading conditions and a weaker US$ will, as previously indicated, result in a lower outcome for 2008. The percentage decline in full year profit before tax is expected to be broadly similar to that reported for the first six months, with a lesser reduction in e... |
Egyptian court fines 20 cement firm executives26 August 2008, Published under Cement NewsCairo court fined 20 cement industry executives E£10m each on Monday for violations of the monopolies law and price fixing, a judicial official said. The defendants include executives from Suez Cement, Misr Beni Suef Cement, Misr Qena Cement and Tora Cement. The trial, which began in February, was the first of its kind under an anti-monopolies law passed three years ago to bring Egyptian law into line with international practices. After a 14-month investigation, the prosecution accused th... |
Italy Italcementi signs plant construction deal in Libya26 August 2008, Published under Cement NewsItalcementi has signed a contract to build a cement plant in Libya with the Libyan Mining Company. The contract was signed on August 20, 2008 and envisages the use of raw materials and the construction of a plant in the region of Tobruk, northeastern Libya, the Libyan company said in a statement without stating the value of the deal. The cement factory will have an annual production capacity of 4Mt of cement and 500,000t of concrete. China National Building Material (CNBM) signed at th... |
Saudi Cement Co net profit down to US$92m 1H0822 August 2008, Published under Cement NewsSaudi cement producer, Saudi Cement Company (SCC), registered a 3.8 per cent YoY decline in net profit to SAR344.9m (US$92m) in the first half of 2008. The company attributed the lower bottom line figure to a decline in exports income during the period and higher prices of raw materials. The earnings per share (EPS) dropped to SAR3.38 (US$0.9) from SAR3.51 (US$0.94). SCC’s operating profit stood at SAR332.6m (US$88.7m) for the six months ended June 30, 2008, down 4.6 per cent YoY. In... |
Cement plant to be built in Southern Vietnam22 August 2008, Published under Cement NewsA cement plant with a design capacity of 5000t of clinker and 2Mt of cement will be built in the southern Vietnamese province of Binh Phuoc. Under a deal reached by the provincial administration and the An Phu Cement Company on August 21, the construction will take 33 months and be finished by early 2011. The potential factory is expected to provide jobs for over 400 staff workers and sideline occupations for thousands of others. |
Russia’s Sibirsky output up 9.2% on year in Jan-Jul22 August 2008, Published under Cement NewsRussian holding Sibirsky Cement produced 3.061Mt of cement in January-July, up 9.2% on the year, the company’s press office said in a statement Thursday. Founded in 2002, Sibirsky Cement, or Sibirskiy Cement, is based in the Kemerovo Region. The holding includes five cement plants in the Siberian Federal District. In 2007, Sibirsky Cement produced 5.3Mt of cement, according to the holding’s website. |