Cement News tagged under: international
Nigeria: cement price rises 20% to N1,900 in two months27 May 2008, Published under Cement NewsThe price of cement in Nigeria has risen by 20 per cent in the past two months in spite of government lifting the ban on imports. Cement price dropped significantly from N2000 and N25000 in January/February to N1, 500 in March and early April, according to a Business Day of Nigeria survey. But a fresh survey conducted weekend revealed that a bag of cement, which sold for between N1500 and N1600 last week in Lagos has risen to between N1700 and N1800. In the Federal Capital Territory and N... |
Heracles Cement Q1 net falls to on higher costs27 May 2008, Published under Cement NewsLafarge’s Heracles General Cement Company SA said its first quarter net earnings after taxes fell to EUR1.3m from EUR18.7m booked over the same period last year. The company attributed the decrease to higher fuel and power costs as well as the unfavorable comparison to 1Q07 where a one-off gain was booked from the sale of its participation in Metropolitan Car Enterprises. Sales for the period edged 2.5 per cent higher from last year to EUR168.4m while EBITDA fell to EUR23.1m from EUR37.7... |
Cimpor Q1 seen weak as Iberian operations weigh; Brazil strong27 May 2008, Published under Cement NewsCimpor is expected to post a weak set of first-quarter results to March on Wednesday, pressured by lower revenues and margins at its Iberian operations, while its Brazilian operation is expected to show strong growth, analysts said. A UBS analyst said he expects Cimpor’s sales in Spain to be around 22 per cent lower in the first quarter from a year earlier, ’negatively affected by the crisis in the residential construction segment, the impact of general elections on civil construction and... |
Rates down in the Panamax sector25 May 2008, Published under Cement NewsA steep tumble in Panamax rates pushed the dry index sharply down last week after the mid-sizes failed to hold onto the spectacular gains of the previous ten days. But while the BPI lost 1,107 points from Tuesday to Friday (a net loss over the week of 780 points), the slump did little to impact the Cape market - reports shipbrokers Barry Rogliano in Paris. By contrast the BCI remained only 1% off its record high, as China iron ore trading continued to pump up the market. The combination of h... |
Rail ’essential’ for Holcim (New Zealand) cement plant23 May 2008, Published under Cement NewsHolcim’s $300m cement plant cannot be built near Weston unless the Waiareka-Weston branch rail line is reopened, the Waiareka Valley Preservation Society said yesterday. If OnTrack did not designate the 4.6km railway line, closed in 1997, with the tracks lifted in 1999, to rail bulk cement to the port of Timaru, then Holcim (New Zealand) Ltd could not construct and operate the plant, the society’s legal counsel, Dr Joan Forret, told a Waitaki District Council hearing yesterday. Independe... |
Dalmia Cement Jan-March net rises 13%, India23 May 2008, Published under Cement NewsDalmia Cement (Bharat) Ltd posted a 13 per cent rise in quarterly profits helped by better price realisations from cement and higher sugar sales, but said rising coal and freight costs would squeeze margins. The firm sells almost all of its cement in southern India, and this brings it more than three-fourths of its annual revenue. Sugar makes up slightly less than a fifth of sales. Net profit for Jan-March quarter rose to INR700m from INR618.1m in the year ago period. Net sales rose 39 p... |
Little impact from lifting of cement curbs in Malaysia23 May 2008, Published under Cement NewsThe easing of cement import curbs is not expected to significantly impact domestic producers by making them aggressive exporters, industry observers say. “I believe only excess capacity will go to the foreign markets; the local market will still be their main market,” said an industry observer, adding that local cement makers would also need to consider foreign competition if they aimed to focus on the export market. Just as imports are not expected to flood the local market following th... |
Taiwan Cement to raise export prices 9-12%23 May 2008, Published under Cement NewsTaiwan Cement Corp will raise prices on exports to the Middle East, Africa and the Americas by 9-12 per cent from June 2008, the Commercial Times reported. Senior vice president Edward Huang said in the report that the price hikes will reflect higher coal costs. Due to limits on coal exports from South Africa and Australia, international coal prices are expected to rise and Taiwan Cement will charge more as a result. Taiwan Cement’s production in Taiwan plants is about 10.7Mt, of which... |
Palestinian cement sales at 1.5Mt, new plant needed23 May 2008, Published under Cement NewsAccording to the Palestine news agency, a recently released study by the Palestinian Economic Council for Development and Reconstruction in Palestine (PECDAR) estimated the total cement sales in the Palestinian Territories at 1.586Mt in 2006, including the West Bank and the Gaza Strip. Total imports of the Palestinian Territories stood at US$96.7Mt in 2006, of which 64.4% for the West Bank and 35.6% for the Gaza Strip. The study showed that the growing demand for cement in the Palestinia... |
India’s ACC says margins under pressure23 May 2008, Published under Cement NewsIndian cement maker ACC Ltd sees increasing costs weighing on its margins in the second quarter to June, a senior company official said on Tuesday. "It is quite clear margins in Q2 will be under further pressure," Managing Director Sumit Banerjee said at a news conference. "Given the current situation in the industry, ACC is under tremendous pressure as costs are going up ... not incrementally, but leap-frogging." |