Cement News tagged under: international
Gresik to spend more for investment projects14 July 2008, Published under Cement NewsState-owned cement maker PT Semen Gresik said it may spend 15 per cent-20 per cent more than US$1.22bn it previously estimated to finance its investment in the next five years. The investment including for two new cement factories is estimated to rise to up to US$1.46bn with the increase in the steel price in the world market, company President Dwi Soetjipto said. Semen Gresik plans to build a new cement factory in Makassar, South Sulawesi and another in a small town in Central Java to c... |
Thailand’s Siam City Cement 2Q08 earnings to be flat YoY14 July 2008, Published under Cement NewsSiam City Cement (SCCC) is expected to report a 2Q08 net profit of Bt942m, flat YoY but down 7.1% QoQ. The stable earnings YoY would be due to sluggish cement sales volume being offset by the increase in domestic and export cement selling prices. Meanwhile, the slight drop QoQ would be from a softer gross margin, following the seasonal decline in domestic cement demand during the rainy season. 2Q08 revenue of Bt5.7bn, flat YoY and QoQ, is anticipated. Its domestic cement sales volume is fo... |
Italy Italcementi wins wind farm licence in Turkey14 July 2008, Published under Cement NewsItalcementi has won a licence for the construction of a wind farm in Turkey. The wind farm will be built in the region of Balikesir in northwestern Turkey in uplands characterised by constant wind, near interconnection nodes with the national electricity distribution network. The licence was won through the subsidiary of Italcementi, Italgen. The information was announced in a statement by Italcementi. As ANSA reported on November 26, 2007, Italcementi SpA has signed through its Italge... |
Iraq opens state firms to foreign investors14 July 2008, Published under Cement NewsIraq hopes by year-end to conclude production sharing deals with foreign firms to renovate 35 major state industries, including its sole petrochemical complex, the industry and minerals minister said on Friday. Fawzi al-Hariri said better security in the country had drawn over 120 firms and consortia keen to bid for 10 to 15 year joint ventures that aim to revamp ailing industrial firms under an ambitious multi-billion dollar privatisation plan. Hariri said foreign investor bids would be... |
Ciments du Maroc borrows US$274m for new plant14 July 2008, Published under Cement NewsMoroccan cement producer Ciments du Maroc signed a MOD2bn (US$274m) loan agreement with five banks to help finance a new factory due to start production in March 2009, the company said. The new MOD3.5bn plant near Agadir in southern Morocco, with annual capacity of 2.2Mt of cement and 1.6Mt of clinker, will help the company compete with local rivals Lafarge Ciments and Holcim . All three are investing heavily to meet surging demand for cement in Morocco due to ambitious transport infrast... |
Indonesia’s H1 cement consumption rises 21 per cent14 July 2008, Published under Cement NewsIndonesia’s cement consumption during the first half of 2008 surged 21 per cent from a year ago supported by growing construction activities, a producer association report showed on Monday. Data from the Indonesian Cement Association (ASI) said nationwide cement consumption reached 18.89Mt in the first half against 15.6Mt a year earlier. The country also exported 844,886t of cement during the first six months, down 37 per cent from a year ago. The report said cement consumption in the ... |
Siam Cement: healthy 1H08, but weak prospects for 2H0811 July 2008, Published under Cement NewsSCC’s 2Q08 earnings should be better than earlier expectation due to improving margins for cement and paper businesses. Normalized net profit is expected to increase slightly 3% YoY to Bt6.54bn but fall 5% QoQ due to seasonal effect and lower HDPE-naphtha margin. Due to a lack of divestment gain, net profit should drop 26% YoY and 8% QoQ. Despite the stronger than expected 1Q08 results and the expected healthy 2Q08 results, FY08F net profit was still turned down by 0.5% to reflect growing d... |
India June cement shipments up 8.7 per cent YoY11 July 2008, Published under Cement NewsCement shipments in India rose 8.7 per cent in June from a year ago, data from the Cement Manufacturers’ Association showed. Sales rose to 14.79Mt in June, compared with 13.61Mt a year ago, while production rose seven per cent to 14.67 per cent in the month, according to a statement on the CMA’s website. In the first three months of the year that began April 1, shipments were up 6.2 per cent at 44.37Mt, and production is higher by six per cent at 44.59Mt. |
TXI Reports Fourth Quarter and year-end results11 July 2008, Published under Cement NewsTXI today reported financial results for the quarter and year ended May 31, 2008. During the quarter ended May 31, 2008, average cement prices declined 3% on a year-over-year basis but sequentially increased 2% compared to the quarter ended February 29, 2008. Both price movements were primarily due to changes in the geographic mix of shipments between the Texas and California markets and product mix shifts within the markets. Cement price increases announced in April for Texas were partially... |
Spanish cement sales plummet as housing bubble bursts11 July 2008, Published under Cement NewsCement sales in Spain, where a decade-long housing and construction boom has come to an end, fell 16 per cent in the first half of the year, the association of cement producers said Thursday. "At the end of June, volume was down 16 per cent down" over the same period last year, to 24.34Mt, said the head of the associatiom, Jean Martin-Saint-Leon. "We will finish the year between 15 and 18 per cent down," he told a news conference. "We are in a rather difficult situation, with volumes a... |