Cement News tagged under: international
High energy costs depress Titan’s margins01 August 2008, Published under Cement NewsTitan’s first half turnover improved by 1.0% to EUR765.1m while the EBITDA declined by 13.9% to EUR 191.0m, with the increased size of the operations being offset by currency weakness. The acquisitions in Greece and Turkey let to a 30.4% increase in net interest payments to EUR 19.3m, leaving the pre-tax profit 24.4% lower at EUR 122.4. However, a tax credit in Bulgaria and a reduced tax charge in Greece limited the decline in the net attributable profit to 6.9% to EUR 116m. G... |
Emerging markets lift Lafarge as the US, Spain and Great Britain decline01 August 2008, Published under Cement NewsLafarge increased first half turnover by 8.2% to EUR9,069m, with the EBITDA rising by 15.8% to EUR2116m and the trading profit advancing by 18.5% to EUR1611m, with the numbers reflecting the consolidation of Orascom from the January 23 2008. Net debt at the end of June was virtually doubled (+99.5%) to EUR17,323m, giving a gearing of 124.6%. Capital expenditure was 40.1% higher at EUR1,016m, and of the EUR8,712m spent on acquisitions, 95.7% was accounted for by the acquisition of Orascom. ... |
Saudi Yanbu Cement to boost capacity to 7Mt31 July 2008, Published under Cement NewsSaudi cement producer Yanbu Cement Company (YCC) will reach an annual production capacity of 7Mt when its fifth production line starts operation in 2010. The company has signed an agremeent with Chinese engineering company Sinoma for the construction of a fifth production line at the Yanbu cement plant, western Saudi Arabia, with a total cost of SAR1.7bn (US$453m). The new production line will have a daily capacity of 10,000t and is expected to start operation in 30 months. According to ... |
Birla Corp to set up cement plant in Madhya Pradesh, India31 July 2008, Published under Cement NewsMP Birla Group’s flagship company Birla Corporation, now controlled by R S Lodha, today announced its plan to set up a 3Mt cement plant in Madhya Pradesh at an investment of 1,200 crore. The new plant would augment the company’s total cement capacity to over 10Mt by 2011. "We have decided to install a 3Mt cement plant in Madhya Pradesh for which we have already signed an MoU with the state government. With commencement of this greenfield plant the cement capacity will cross 10Mt," Birla ... |
Global Investment House, Bina: Tunisia venture31 July 2008, Published under Cement NewsKuwait’s Global Investment House signed an agreement with Tunisia’s Bina Holding to jointly develop Carthage Cement, a greenfield cement plant with capacity of 2Mta along with a ready mix and brick plant, Global Investment House said in a statement. The area of the plant is about 220 hectares, of which 30 hectares are presently excavated and already into production and generating revenues. Switzerland ’s PEG is the project manager and HSBC is the advisor to the proje |
Cementir exports more cement to Russia31 July 2008, Published under Cement NewsCementir managed to increase turnover in the first half by 4.0% to EUR575.5m. The group has performed well in Italy, helped by re-commissioning of the kiln at the Arquata Scrivia works. Domestic volumes in Denmark showed a slight reduction. Lower domestic cement demand in Denmark and Turkey has led to increased exports to Russia across the Baltic Sea and the Black Sea respectively. Shipments of grey and white cement in the period rose by 1.5% to 5.36Mt. Sales of aggregates jumped by 31.4... |
Strabag agrees to buy Austro-Hungarian arms of Cemex31 July 2008, Published under Cement NewsThe Austrian-based contractor Strabag has signed an agreement to purchase the Cemex operations in Austria and in Hungary for EUR310m, subject to regulatory approval. The Austrian activities being acquired generated a turnover of €196m in 2007 from the sale of 7.1Mt of aggregates and 2Mm³ of ready-mixed concrete, while the Hungarian turnover reached EUR61m from the sale of 1.8Mt of aggregates and 0.8Mm³ of ready-mixed concrete. Cemex was already the market leader in ready-mixed concrete ... |
India Cements 1Q net profit INR1.42bn30 July 2008, Published under Cement NewsIndia Cements Ltd said Wednesday its fiscal first-quarter net profit fell 22% from a year earlier. Net profit for the April-June quarter declined to INR1.42bn from INR1.83bn in the same quarter a year earlier. The company didn’t immediately give a reason for the fall in net profit. Net profit was slightly lower expected. A Dow Jones Newswires poll of eight analysts had forecast net profit of INR1.45bn for the cement producer. Total revenue rose 18.5% to INR9.87bn from INR8.33bn a year ... |
Midwesco Filter Resources, Inc. announces new president30 July 2008, Published under Cement NewsMidwesco® Filter Resources, Inc announced today Mark Foster will become the new acting President effective August 1, 2008. Mark Foster comes to Midwesco from Saint-Gobain, where he built his professional foundation in industrial/project engineering and plant management, followed by positions in market management, human resources and a series of North American and European general management assignments. Midwesco® Filter Resources, Inc. is a world leader in dry filtration and dust collectio... |
Investors to construct cement plant in Mareb, Yemen30 July 2008, Published under Cement NewsChairman of the Board of Directors of Al-Shulif Company for Trading and Investment Ahmed Ali Al-Shulif pointed out that a joint coalition of Gulf, British and Yemeni investors intend to build a cement factory in Mareb at total costs of US$260m. Al-Shulif added that Yemeni, Emirate, Qatari and British investors were granted a license from the General Authority of Investment to establish a cement factory named as Hilan Mareb Company for Cement. The coalition also intends to build two other f... |