Cement News tagged under: international
Venezuela Oil Min: some cement companies agree to JVs with state01 May 2008, Published under Cement NewsVenezuela has offered foreign cement companies subject to nationalisation the chance to form joint ventures with the state, and "some of them" have agreed to do it, Venezuelan Oil Minister Rafael Ramirez said Wednesday. The government continues to talk to cement companies weeks after President Hugo Chavez announced he was nationalizing the entire industry, which is dominated by Cemex, Lafarge and Holcim Ltd. "Some of them have said they want to stay (in joint ventures). We’re looking to... |
Semapa 1Q net falls due to lack of one-time gain01 May 2008, Published under Cement NewsPortugal’s Semapa said net profit in the first quarter to March dropped to EUR24.4m from EUR47.2m, due to a lack of the one-time gain booked in the first-quarter of 2007. In a statement, the industrial holding stock said that 2007’s results were boosted by a one-off gain of EUR25.6m in the first-quarter resulting from the sale of shares in EDP Energias de Portugal, SA. Semapa said recurring EBITDA decreased three per cent to EUR94.7m. |
Malaysia: slow demand, rising costs to hurt Lafarge01 May 2008, Published under Cement NewsLafarge Malayan Cement Bhd’s YoY (YoY) cement sales growth rates are expected to decelerate over the remaining months this year, due to weaker property development activities and possible delays of certain public projects, said RHB Research. The research house has also trimmed the company’s FY08 to FY10 net profit forecasts by 26.6%-29.5% to RM202.6m-RM222.1m after factoring in higher thermal coal prices and lower domestic sales growth rate in 2009. “Lafarge has raised its 2008 sales gro... |
UltraTech to set up plant in Gujarat01 May 2008, Published under Cement NewsUltraTech Cement, a member of India’s Aditya Birla Group, has announced plans to invest Rs30bn (US$748.8m) in a new cement project at Mahuva, Gujarat. The project will include a cement plant with an annual production capacity of around 3.5Mt and a 60MW power plant. UltraTech’s capacity stood at around 17Mt in the 2007/08 fiscal year, of which around 2.5Mt was exported. The company plans to open nearly 200 additional domestic retail outlets this year, helping to compensate for a recent govern... |
Bulgaria’s Devnya Cement to invest in capacity upgrade01 May 2008, Published under Cement NewsBulgaria’s Devnya Cement, part of Italcementi Group, will invest over EUR250m (US$389m) to upgrade its plant, Sofia-based Dnevnik daily reported on Wednesday. The project is due to be completed by early 2010, Dnevnik quoted the cement plant’s communication manager, Neli Statelova, as saying. The upgraded plant for clinker and cement located in Devnya, in northeastern Bulgaria, will have an annual capacity of 3Mt, Dnevnik added. The current capacity of the plant is some 1.5Mta. |
China: urban development pushes cement demand up01 May 2008, Published under Cement NewsChina’s urbanisation, new rural development and infrastructure investment boost the demand for cement in 2008-2010, says Anhui Conch Cement executive director Guo Jingbin. Urbanisation demands additional 140Mt of cement and new rural development adds another 240Mta between 2008 and 2010. Development of infrastructure projects like railway, road and airport also push up the demand for cement. China is restructuring the cement industry and Guo believes a gross capacity of 70Mt will be elimin... |
UAE cement plants committed to fixed prices01 May 2008, Published under Cement NewsHE Mohammed Ahmed bin Abdulaziz Alshihhi, Under Secretary of the Ministry of Economy, affirmed today that cement plants across the country have pledged their commitment to maintaining cement prices at AED 17 per bag. Alshihhi clarfied in a press statement that rumours about cement plants increasing prices are untrue, since cement manufacturers had previously committed to fixing their sales price. He also emphasised that appropriate actions will be taken in response to any increase in cemen... |
Nigeria: oil price responsible for high cost of cement - MD, Sokoto Cement30 April 2008, Published under Cement NewsManaging director of Cement Company of Northern Nigeria (CCNN), Sokoto, Mr Alf Karlsen has atributed the increase in the cost of cement across the country to the inconsistent fluctuation in the price of fuel which reflects negatively on the total cost of production. Mr. Alf Karlsen who made the remark, at the Company 29th Annual General Meeting recently stated that the total energy costs per ton cement produced are 300 per cent higher today than they were in 2002, adding that the unstable s... |
Sibbank to invest in cement plant in Novosibirsk region, Siberia30 April 2008, Published under Cement NewsConstruction of a cement plant with an annual capacity of 1.3Mt has begun in Iskitim, the Novosibirsk Region (Siberia). The project is financed by the Siberian Bank (Sibbank), a subsidiary of Russia’s largest state-run savings bank Sberbank. The plant is to be put into operation in April 2010. According to Sibbank Chairman Vladimir Vorozheikin, this is the region’s largest industrial project in terms of investments: the bank has opened a credit line of RUR5.5bn ($233mn, or €149mn) for a ... |
NTPC mulls entry into cement manufacture with private partners30 April 2008, Published under Cement NewsIndia’s largest electricity producer, NTPC Ltd, will manufacture cement near six of its power plants through ventures with private firms, said a top official. “We are looking at equity-participation from private sector companies, the percentage for which will be decided (later),” said T. Sankaralingam, NTPC chairman and managing director. “All leading private sector cement manufacturers have shown interest. Depending upon the logistics and the discussions, the investment details will be ... |