Cement News tagged under: international
Turkish production grows 3.9% YoY06 May 2008, Published under Cement NewsCement production grew by 3.9% compared to 2006 and reached 49.3Mt last year, according to data of the Turkey Cement Manufacturers’ Association. Cement exports in the same period surged by 17.4% YoY to 6.6Mt. Most of the cement production took place in the Marmara region with 14.53Mt to be followed by the Central Anatolia region where output amounted to 8Mt. The Mediterranean region’s production stood at 7Mt last year, TCMA data shows. |
Vicat expands US downstream activities06 May 2008, Published under Cement NewsVicat’s first quarter turnover was off by 2.1% to EUR471m in absolute terms, but improved by 1.1% on a comparative basis. Of this, cement contributed 6.0% more at EUR 214m, while the negative effects in the United States led to a 7.4% decline to EUR 195m in concrete and aggregates and a 9.5% decline in other activities to €63 largely reflected the disposal of non-core activities. Cement shipments increased by 4.7% to 3.19m tonnes and aggregates deliveries improved by 5.4% to 4.99Mt. ... |
Heidelberg, Lafarge, Birla Group lead L&T unit bidders02 May 2008, Published under Cement NewsHeidelbergCement, Lafarge and India’s Aditya Vikram Birla Group are the lead bidders for the ready-mix concrete business of Larsen & Toubro, the Economic Times reported Friday, citing unnamed sources. The deal is likely to be concluded very soon and the likely size of the acquisition has now increased to US$350m from the initial US$300m, the report said. |
Indonesia’s Indocement 1Q net profit more than triples02 May 2008, Published under Cement NewsIndonesia’s second-biggest cement maker, PT Indocement Tunggal Prakarsa, said Friday its net profit more than tripled in the first quarter ended March, aided by stronger sales and falling interest expenses. Net profit rose to IDR377.03bn (US$40.8m) from IDR112.50bn a year earlier, the company said. Sales rose 38.5 per cent to IDR2.05trn. Operating profit surged 156 per cent to IDR545.78trn as spending rose by only 19.7 per cent to IDR311.26bn, it said. The bottom line was boosted fur... |
Tasek on the look out for more acquisitions02 May 2008, Published under Cement NewsMalaysian maker Tasek Corp Bhd, which recently announced a RM751m purchase, is still on the lookout for more acquisitions. "We have a team that looks at potential opportunities. I’m part of the team. We can’t be sitting down in the office," said executive director Datuk Teo Tong Kooi after the company’s annual general meeting in Sungai Buloh, Selangor, yesterday. Teo stressed that Tasek’s main priority now is to complete its recently announced proposal. Tasek is buying Hong Leong Asia Lt... |
Cemex UK sales on the slide02 May 2008, Published under Cement NewsCemex has said that sales across all its products in the UK will be down this year, according to reports from Construction News, UK. The firm said that poor weather in the first three months of this year meant demand for its cement and ready mixed concrete on sites had fallen away. Only aggregates continued to hold up. This gloomy news was compounded by the revelation that Cemex expects cement sales to be down by around five per cent and ready mixed by about seven per cent throughout the... |
Goldsun mulls acquisition in Fujian Province, China02 May 2008, Published under Cement NewsIn an attempt to expand production of cement, Goldsun Development & Construction Co of Taiwan’s will set up new plants and acquire others in mainland China. Aimed at boosting market share, the company has projected its annual output at 20Mt of cement within the next five years. It is expected Goldsun is assessing the acquisition of Fujian Cement Corp., the largest cement producer in Fujian Province, which has a production capacity of 5Mta of cement. HH Lin, Goldsun president and CEO, not... |
Athi River Mining in Sh1.2bn rehabilitation project02 May 2008, Published under Cement NewsKenya’s Athi River Mining has set aside Sh1.2bn to upgrade its Kaloleni cement plant. Managing Director, Mr Pradeep Paunrana said the money would be used to control dust pollution and put up good roads within and around the factory. He announced after residents around the factory complained of hazardous emissions from the plant. "Plans are under way to put up shades for storage of products as well as raw materials within the plant to minimise pollution," said Paunrana. He said the co... |
Recent capacity additions likely to soften cement prices, India02 May 2008, Published under Cement NewsThe Indian cement industry has added close to 15Mta capacity in the last quarter, including 10Mt in March alone, resulting in moves that might bring down cement prices in the near future, reports the Economic Times of India. "With so much of new capacity coming on stream, the supply may increase more than the market can absorb. In this scenario, prices may come down," says Ambuja Cement MD AL Kapur. Around 70% of the total 22Mt of new capacity that came on stream in fiscal 2008 was add... |
Sri Lanka keen on Birla cement tie to foster competition: minister01 May 2008, Published under Cement NewsSri Lanka wants to encourage greater competition in local cement production and has given approval for Birla group officials to visit the site of a defunct northern cement plant the Indian group wants to invest in. Minister of Construction and Engineering Services Rajitha Senaratne said the government was in talks with Birla on a public-private joint venture to revive cement production in northern Jaffna and ease a severe local cement shortage. India’s Aditya Birla group had proposed reviv... |