Cement News tagged under: international
Brazil cement prices growth seen positive for Cimpor07 May 2008, Published under Cement NewsThe 39.8 per cent YoY rise of the cement prices in Brazil in the first quarter of 2008 was considered quite positive for Cimpor, Portuguese investment bank BPI said on May 6, 2008. Most of the markets where Cimpor is active reported a growth in the cement prices, except for Spain, which was expected, BPI said in a note. Brazil was an important market for Cimpor in the first three months of 2008, BPI said that, considering the increase in the cement prices there, reported by Swiss cement ... |
ADAG cement plants may kick off in 201207 May 2008, Published under Cement NewsThe Anil Dhirubhai Ambani Group’s (ADAG) proposed foray into cement business is set to start next month with operations commencing on the first of the four 5Mt plants it intends to set up in Madhya Pradesh. The group has secured a prospecting licence (PL) for a limestone mine with reserves of 250Mt to start the cement venture that would be undertaken by a new company, Reliance Cement. The first phase, which entails an investment of about Rs 10,000 crore for putting up manufacturing capacity... |
Vulcan confident about achieving Florida Rock integration benefits07 May 2008, Published under Cement NewsHelped by the inclusion of Florida Rock, Vulcan Materials’ first quarter turnover increased by 18.9% to US$819.3m, while the underlying EBITDA advanced by just 2.4% to US$160m, as the continuing drop in housebuilding activity and comparatively unfavourable weather depressed the results. The integration of Florida Rock has now virtually been completed. Aggregates shipments in the quarter declined by 4.2% to 41.72m tonnes (45.99Mst), while average prices improved by 8.9% to US$11.23 per ton... |
Holcim pushes capital expenditure ahead07 May 2008, Published under Cement NewsFirst quarter turnover at Holcim declined by 3.8% to SFr5,509m (EUR3,443m), principally reflecting the de-consolidation of the Egyptian and South African businesses but, on a comparative basis, there was a 7.4% advance. The operating EBITDA was off by 14.2% to SFr1,151m ( EUR 719m), but improved by a marginal 0.6% on an underlying basis. The trading profit was down by 18.5% to SFr737m ( EUR 461m) and the net attributable profit did increase by 3.9% to SFr370m ( EUR 231m). Net debt a... |
Infrastructure investment boosts PPC’s profits, South Africa07 May 2008, Published under Cement NewsPretoria Portland Cement (PPC) saw its profit increase due to SA’s cement demand for its infrastructural projects, it said on Wednesday. In its interim results for the half-year ended March 31 2008, PPC reported a 16 percent improvement in headline earnings per share, an increase in revenue by 13 percent to R2,9 billion, and an increase in cement production volumes of three percent. It declared an interim dividend of 45 cents per share. Chief executive John Gomersall said the results w... |
Titan 1Q08 turnover declines, buy-out of Lafarge in Egyptian joint venture announced07 May 2008, Published under Cement NewsTitan’s first quarter turnover emerged 0.6% lower at EUR340.2m and the EBITDA declined by 14.3% to EUR76.2m, while at the net attributable level there was a 15.8% reduction to EUR 43.7m. Higher financial charges were largely offset by a lower tax rate that left the reduction the net profit not that much different from the decline in EBITDA, but for the full year this will be very different, when the effect of the acquisition of the Adocim stake and the buying out of Lafarge’s half share ... |
Sri Lanka to import cement from Pakistan early this month06 May 2008, Published under Cement NewsDue to the rising demand for cement Sri Lanka is to import 10,000t of cement from Pakistan to meet its requirements. Trade and Consumer Affairs Minister Bandula Gunawardena said that a high cement demand has been created in the country with the commencement of many construction projects, including buildings and bridges. He also revealed that an agreement has been signed with a company in Pakistan in this regard. The stock from Pakistan is to arrive in Sri Lanka early this month. It would ... |
Outlook: Titan Cement Q1 net down 21 per cent on weaker US06 May 2008, Published under Cement NewsGreece’s Titan Cement Company SA. 2008 first-quarter group net profit is estimated to fall 21 per cent YoY to EUR40m when it announces its results Tuesday, on weaker US and Greek operations and rising input costs, according to analysts. In a Thomson Financial News consensus poll of four leading analysts first-quarter group net profits are seen coming in between EUR36m and EUR43.7m, from EUR50.7m for the first quarter of 2007. Marfin Analysis analyst, Konstatinos Zouzoulas, said: ’This is... |
Tanzania capacity increase update06 May 2008, Published under Cement NewsTanzania Portland Cement Company (TPCC) plans to launch a new grinding mill by August to boost annual production by 90 per cent, or more than 650,000t, the leading cement producer said on Friday. The firm also plans to increase production capacity to more than 1.4Mta by the second quarter of 2009 after the completion of a new kiln. Annual production capacity is now between 720,000 and 750,000t. "The cement mill will be completed in August this year," Klaus Hvassing, TPCC’s managing dir... |
Holcim’s Mason City plant turns 10006 May 2008, Published under Cement NewsThe Holcim Inc. cement plant in Mason City is celebrating its 100th anniversary this year. “For 100 years, Holcim’s Mason City plant has been a major cement producer, dedicated to our employees and the well being of the community,” said Eliseo Robles, plant manager. “We are honored to be a successful and responsible member of the North Iowa family.” To celebrate 100 years the public is invited to an open house with guided bus tours, historical displays and refreshments from 10:30 a.m. to 3... |