Cement News tagged under: international
Boral cuts forecast on US housing slump, wet weather08 May 2008, Published under Cement NewsBoral Ltd, Australia’s largest building products maker by sales, Thursday said net profit for the year ending June 30 may drop as much as 21% because of the US housing slump and wet weather at home. Profit growth at Boral has been crimped also by a residential building slump in Australia’s most populous state, New South Wales. This led Sydney-based Boral to cut its full-year guidance to the "lower end" of analysts’ estimates, which range from A$234 million to A$256 million. "The U.S. d... |
Indonesia’s Rajawali wants Semen Gresik to expand abroad08 May 2008, Published under Cement NewsThe Rajawali Group, which has a 24.9 per cent stake in PT Semen Gresik has recommended the country’s largest cement maker expand operation abroad by acquiring one or two cement producers in Southeast Asia. We want to see Semen Gresik to grow to become one of the largest regional players in the cement business, Rajawali managing director Peter Chambers said. Expansion should be made through acquisition instead of by building new factories, Chambers said. Semen Gresik which is 50.1 per c... |
HeidelbergCement upbeat on 2008 outlook08 May 2008, Published under Cement NewsHeidelbergCement , the world’s third-biggest cement maker, expects to boost sales and profit sharply this year as demand from eastern Europe and Asia offsets a weak North American market. The company, which reported pretax profit of EUR15m ($23.23m) for the first quarter, said on Thursday expansion in emerging markets should continue at a high level. "Growth in most eastern European countries, particularly in Russia, remains sound," the company said, adding that the strong euro was weigh... |
Briones to invest US$190m in Cementos Bío Bío08 May 2008, Published under Cement NewsChilean investment group Invesa Briones will invest US$190m over three years in its cement producer Cementos Bío Bío, the holding company’s president Hernán Briones told reporters. The group plans to invest US$290m over the next three years to consolidate and expand its operations in Argentina, Chile, Colombia, Ecuador and Peru. This includes a US$100m investment in its firm Indura, which will carry out projects in Argentina, Ecuador and Peru. Cementos Bío Bío posted a COP4.62bn-peso ... |
German Dyckerhoff 1Q08 net profit rises to EUR40m08 May 2008, Published under Cement NewsGermany’s second largest cement producer Dyckerhoff AG booked a net profit of EUR40m in the first quarter of 2008, up by EUR32m from the same period a year earlier, the company said on May 7. The pre-tax profit advanced by EUR44m on the year to EUR55m, and EBITDA grew by EUR48m to EUR91m. The group generated sales of 400 mln euro ($619 mln), an annual increase of 36 pct. The economic environment in eastern and western Europe was favourable, the company said. The business was boosted by... |
Italcementi 1Q08 net profit down 12.4 per cent YoY07 May 2008, Published under Cement NewsItalcementi booked a consolidated net profit of EUR81.3m (US$126m) for the first quarter of 2008, down 12.4 per cent on the year. The group’s turnover stood at EUR1.207bn (US$1.871bn), falling by an annual 4.5 per cent, while EBITDA declined by 5.3 per cent to EUR260.9m (US$404.5m), Italcementi said in a statement after the board of directors, chaired by Giampiero Pesenti, approved the results. The operating profit of Italcementi totalled EUR157.5m (US$244.2m), marking an 8.8 per cent de... |
Shui On Construction sells cement plants to unit for HKD352m07 May 2008, Published under Cement NewsShui On Construction and Materials Ltd said it will sell cement and concrete plants in the southwestern province of Guizhou to its 45-per cent owned unit Lafarge Shui On Cement Ltd for HKD352m. It expects to record a HKD48m gain on the sale. Shui On said it will sell 90 per cent of Shui On Cement Co and 75 per cent of Ken On Concrete Co for HKD195m. The two make cement and ready-mixed concrete. It will also sell 100 per cent of Kaili Shui On Co for HK157m. Kaili’s plant, designed to pr... |
Cemex exploring sale of assets Cemex exploring sale of assets07 May 2008, Published under Cement NewsCemex is considering the sale of assets including operations in Austria, Hungary and select building products in the United Kingdom. Cemex has mandated Morgan Stanley as its financial advisor in connection with the sales process in Austria and Hungary and Citigroup for the UK sales process. The Austrian operations consist of 26 aggregate plants (7.1Mt of volume sold in 2007) and 39 ready-mix plants (2Mm3 of volume sold in 2007). These assets generated revenues of approximately US$274m in 2... |
Eagle Materials 4Q revenue $144.8m Vs $191.8m07 May 2008, Published under Cement NewsEagle Materials Inc. (EXP) late Tuesday reported its fiscal fourth-quarter net income fell to US$3.2m, or 7 cents a share, from $36.6 m, or 75 cents a share, a year ago. Revenue declined to $144.8 million from $191.8 million a year earlier, the Dallas-based cement manufacturer said. Analysts surveyed by FactSet Research had projected earnings of 24 cents a share on revenue of $155.8 million. |
UAE demand for cement rising07 May 2008, Published under Cement NewsAccording to Al-Bayan newspaper (May 5, 2008), a report by the National Investor, an investment bank based in Abu Dhabi, shows that that the cement consumption in the UAE grew at a compound annual growth of 24.7 per cent between 2003 and 2006. The report added that the demand could reach 26.2Mt by 2011 in the wake of the massive demand brought about by the ongoing construction boom. |