Cement News tagged under: international
China price growth limited despite strong demand12 May 2008, Published under Cement NewsCement prices in China are expected to maintain single-digit growth this year because the fragmented sector lacks a few centralised industry leaders to press for a price increase, industry players say. Figures from the National Development and Reform Commission estimated that at least 1.49bn tonnes of cement will be produced this year, up from 1.36bn tonnes last year. "Big cement companies are not dominating the market in different regions, which makes it difficult for us to set higher s... |
Chongqing Power firm teams up with cement producer12 May 2008, Published under Cement NewsChongqing Fuling Electric Power Industrial said on May 6, 2008 that its affiliate company Chongqing Shuijiang power company and Chongqing Jianan cement company would form a 35-65 cement producing joint venture in Southwest China’s Chongqing City. Registering CNY 108m in capital, the venture is to build a 1Mta cement plant. Chongqing Fuling or Chongqing Shuijiang would make long-term power supply to the project at preferential prices. The alliance follows a recent tide for power producers... |
Tororo Cement to invest US$25m Uganda12 May 2008, Published under Cement NewsTororo Cement has unveiled a $25m four-year expansion plan involving investments in new facilities, the company said last week. Brij Gagrani, the general manager, told the parliamentary committees on natural resources and national economy that phase one of the project had started. “We hope to expand the capacity of the raw mill, rehabilitate the kiln, optimise cement and clinker production with addition of new packer,” Gagrani said. Gagrani said the second phase involves putting up a new ... |
Indian prices to stay stable12 May 2008, Published under Cement NewsIndian cement players have decided to keep cement prices stable in the current quarter, in spite of the rising raw material costs. The Centre has asked cement Companies to reduce prices in its bid to curb inflation, which is at a three and half year peak. India’s largest cement maker ACC Ltd has decided to keep cement prices stable over the next 2-3 months responding to concerns expressed by the government, said a company release late Thursday. "The move will erode margins despite the compa... |
Vietnam confirms sufficient cement supply this year12 May 2008, Published under Cement NewsNguyen Quang Cung, a Ministry of Construction official has confirmed sufficient cement supply for this year, the government’s website reported Friday. Cung, head of Construction Materials Department confirmed that the cement industry plans to supply 43.7Mt to the market in 2008 after state media reported that Ho Chi Minh City is suffering from cement fever. Cung said the supply is now quite profuse as four new cement plants, including Huong Duong, Cam Pha, Yen Binh and Yen Bai have been ... |
Cement contributes 58% of Eagle Materials’ profit12 May 2008, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March fell by 15.2% to US$846.7m. The fall in US housebuilding activity has hit the plasterboard operations badly, and, as a result, the trading profit fell by 44.2% to US$184.2m, of which cement represented 57.9%. The pre-tax profit dropped by 52.6% to US$144.4m and the net attributable profit by 52% to US$97.8m, in spite of the cement business producing its b... |
Heidelberg, Indorama, Mysore Cements to merge12 May 2008, Published under Cement NewsHeidelbergCement India, a wholly-owned subsidiary of HeidelbergCement, on Friday announced complete acquisition of Indorama cement and further consolidation of its Indian operation. HeidelbergCement has decided to merge Mysore Cement, in which it owns around 54% stake, Indorama, (where it acquired 100% stake) and its 100% Indian subsidiary HeidelbergCement India. Post merger, HeidelbergCement will own around 69% stake in the merged entity. In Indorama, the German major had acquired 50% s... |
Cost of South African cement set to increase12 May 2008, Published under Cement NewsCement prices are set to rise significantly again from July, although one of the major local producers is resisting the industry pricing trend. Pretoria Portland Cement (PPC) and NPC-Cimpor confirmed last week that prices would increase from July, while Afrisam South Africa (previously Holcim South Africa) said an increase at the same time was likely. However, Lafarge South Africa chief executive Albert Corcos said it had not increased its cement prices this year and he was unsure when i... |
Italy Cementir 1Q08 pre-tax profit at EUR3.8m09 May 2008, Published under Cement NewsItalian cement group Cementir Holding SpA, a unit of local construction company Caltagirone, posted a pre-tax profit of EUR3.8m (US$5.9m) for the first quarter of 2008 compared to EUR26m (US$40.1m) a year earlier. The revenue rose 3.2 per cent to EUR245m (US$377.9m) from EUR237.4m (US$366.1m). The figures were approved by the board of directors, chaired by Francesco Caltagirone Jr. EBITDA dropped to EUR38.7m from EUR44.6m (US$68.8m) because of the ceased work at the plant in Edirne, northw... |
ACC to freeze cement prices over next 2-3 months09 May 2008, Published under Cement NewsIndian cement manufacturer ACC Ltd said Friday it will hold cement prices for the next 2-3 months in response to the federal government’s request to help keep rising inflation in check. "While ACC has been taking all steps necessary to ensure that production is maintained at peak levels at all its plants and will continue to improve further operational efficiencies, this price freeze will erode the company’s margins," it said in a notice to the Bombay Stock Exchange. "During this period,... |