Cement News tagged under: international
’No early end’ to cement shortage23 July 2008, Published under Cement NewsA senior official of Qatar National Cement Company (QNCC) said yesterday that the current shortage of cement in the local market is not expected to be resolved soon, “as the unprecedented demand for the material requires huge investments before bridging the gap between the supply and demand”. Speaking at a meeting held by the QNCC to discuss its first half financial results, Kamel Mohamed Yousuf al-Khateeb, production manager, QNCC, said that the booming construction sector has made it impos... |
Mexico’s Cemex 2Q net profit down 27% to US$444m23 July 2008, Published under Cement NewsCemex said Tuesday its net profit fell 27% in the second quarter to $444m, while higher sales and operating gains helped the company cut debt following athe Rinker acquisition. Cemex said sales in the quarter rose 29% from the year-ago period to $6.3bn, boosted by the acquisition in July 2007 of Australian concern Rinker. "Higher sales were mainly a result of the integration of Rinker as well as better supply-demand dynamics in most of our markets," Cemex said in a press release. Secon... |
China’s Jilin Yatai wins approval for stake sale to CRH23 July 2008, Published under Cement NewsCement firm Jilin Yatai (Group) Co Ltd said it has received approval from the National Development and Reform Commission, China’s economic planning agency, for the sale of a strategic stake to Ireland’s CRH Plc. In December 2007, the company agreed to set up a wholly-owned unit, Jilin Yatai (Group) Cement Investment Co Ltd, with registered capital of CNY2.743bn. It intends to inject its entire cement production assets, including stakes in all cement units, into the new entity. The comp... |
Hoang Thach cement factory’s output hits 1.7Mt22 July 2008, Published under Cement NewsNhan Dan - Hoang Thach cement factory is reported to have sold over 1.76Mt of cement so far this year, nearly 60,000t higher than the same period last year, thus contributing to stabilising the domestic cement market. The company’s industrial production value has reached over VND 1.34 trillion, with a profit of VND 223bn and a State budget contribution of VND 126bn, accounting for 88% of the year’s targeted figure. The company targets to produce and sell 1.93Mt of cement from now till the ... |
India: 1Q cement sales rise22 July 2008, Published under Cement NewsDespite cement sales of leading Indian producers improving in the first quarter of 2008-09, the steep rise in input cost is expected to exert pressure on the bottom lines. Except for ACC and UltraTech Cement, all the other major cement companies have reported an increase in sales in the first quarter, with Shree Cement topping the table. UltraTech despatches have dipped five per cent to 4.25Mt, while ACC fell by one per cent to 5.30Mt. Shree Cement sales jumped 27 per cent to 1.78Mt, Madr... |
Brazil’s cement producers to invest US$3.4bn by 201222 July 2008, Published under Cement NewsBrazilian cement producers will invest around 5.5bn reais (US$3.4bn) by 2012 to expand production capacity by 35% in response to growth in demand, local financial newspaper Valor Econômico reported. By the end of the investment cycle, the cement companies expect to have a production capacity of 80Mta. Votorantim, which holds a market share of more than 40%, is leading expansion in the sector. The company will invest BRL3.2bn in modernisation and the construction of new plants in differen... |
Rajasthan rejects limestone mining applications21 July 2008, Published under Cement NewsBK Birla Group’s Mangalam Cement, Sanghi Industries, MP Birla Group’s Birla Cement, Indorama Cement and three other companies are in a spot with the Rajasthan government rejecting their applications for a limestone mining lease. The rejection follows a denotification of the region in and around Jaisalmer for limestone mining. The reasons for denotification could not be ascertained. The cement companies had applied for mining licences in the state between 2005 and 2007. Lafarge, which ina... |
Belarus output up 10 per cent in first six months21 July 2008, Published under Cement NewsBelarus’ cement output in the first six months of 2008 totaled 2Mt, a 10 per cent YoY increase, according to the Ministry of Statistics and Analysis. Cement output reportedly amounted to 391,800 tons in June, or 1.2 percent less than in May. The stockpiles of cement increased by 370 per cent YoY in the first six months to 61,900 billion rubels, or 18.5 per cent of the average monthly output, the statistics ministry said. The Council of Ministers directed in December that the domestic cem... |
Aditya Birla eyes coal mines21 July 2008, Published under Cement NewsIndia’s Aditya Birla Group Friday said the group is looking to buy coal mines overseas to lower input costs, just as one of the group companies, Ultratech Cement Ltd reported flat first quarter profits, partly due to rising coal prices. "We are open to acquiring coal mines. Ultratech is looking for mines in South Africa and at the group level we are looking for mines in Indonesia," Chief Financial Officer KC Birla said at a press conference. "We understand that coal is very critical. We ... |
Shiva Cement sales rise 24.1% in Q121 July 2008, Published under Cement NewsShiva Cement announced that the despatch of cement during the quarter, April - June 2008 rose by 24.1% as compared to previous quarter last year. However, clinker dispatch was low during the period in view of forthcoming kiln shut down in August 2007 for maintenance. Over all despatch of cement and clinker put together was up by 2.6% only. |