Cement News tagged under: international
Tonasa’s Power plant to be completed early 201030 April 2008, Published under Cement NewsPT Semen Tonasa is going to start the construction of a 3x15MW power plant in Pangkep, South Sulawesi in the fourth quarter of IV 2008. The US$157m worth power plant is projected to start its trial operation in the third quarter of 2010. President Director of Semen Tonasa Sattar Taba revealed the power plant was expected to boost electricity capacity of the subsidiary of Semen Gresik to 155 MW in 2011. The new power plant itself will have a 3x15 MW capacity. "The construction time will b... |
Taiwan Cement, Asia Cement Set 2007 record high earnings30 April 2008, Published under Cement NewsInvestment earnings last year helped Taiwan’s two leading cement producers, including Taiwan Cement Corp. and Asia Cement Corp, set after-tax earnings record highs. Taiwan Cement said it registered NT$8.255bn (US$273.34m ) in after-tax earnings, or NT$2.55 (US$0.084) in earnings per share, last year. Asia Cement saw its earnings break the NT$10bn (US$331.12m) mark last year. Huang Chien-chiang, vice president of Taiwan Cement, said that the cement industry in Taiwan and mainland China wi... |
Indonesia’s Indocement Q1 net profit trebles30 April 2008, Published under Cement NewsIndonesia’s second-largest cement maker, PT Indocement Tunggal Prakarsa, reported on Wednesday its first-quarter net profit rose three-fold, helped by better margins. The company, controlled by Germany’s HeidelbergCement AG , booked a net profit of IDR377bn (US$40.82m) in the January-March period compared to IDR112.5bn a year earlier. Sales revenue climbed 38.6 percent to IDR2.05trn, while operating profit climbed to IDR545.8bn from IDR213.3bn a year earlier. |
Siam Cement 1Q net profit down 25% on higher costs30 April 2008, Published under Cement NewsSiam Cement PCL, Thailand’s largest industrial conglomerate, Wednesday reported a 25% fall in the first quarter net profit as rising fuel and raw material costs outpaced an increase in sales. Net profit for the January-March quarter fell to THB7.45bn (US$235m) from THB9.99bn a year earlier, according to the company’s financial statements. A Dow Jones Newswires poll of six analysts had forecast the company to post a net profit of THB6.60bn. The company’s sales rose 20% to THB78.60 billi... |
Grasim 4Q Net profit up 58% on one-off gain30 April 2008, Published under Cement NewsIndia’s Grasim Industries Ltd said its consolidated net profit for the fiscal fourth quarter rose 58% from a year earlier, helped by a one-off gain. However, a drop in its operating margin dragged its share price lower. Consolidated net profit for the January-March period rose to INR8.81bn from INR5.58bn in the same period a year earlier. Profit rose due to a one-off gain of about INR2.37bn from the sale of its stake in Shree Digvijay Cement Co Portugal’s Cimpor for INR3.22bn. Consol... |
Union Cements profit falls 12% in 1Q0829 April 2008, Published under Cement NewsUnion Cement Co, the UAE’s third-biggest cement maker by market value, has announced that its first-quarter profit dipped 12% on higher costs for raw materials and power, but sales more than doubled, reported Bloomberg. Net income fell to Dhs19.5m (US$5.3m), or 3.1 fils a share, from Dhs22.3m, or 3.5 fils, a year earlier. Sales jumped to Dhs208m from Dhs97m, while cost of sales jumped to Dhs181m from Dhs65m. |
Bulk carrier conversion specifies MacGREGOR cement-handling system29 April 2008, Published under Cement NewsAt the beginning of April, Indonesian shipping company PT Rimba Segara Lines ordered a Nordströms cement-handling system from MacGREGOR – which is part of the Cargotec Corporation. The system will be installed on a 7500dwt converted bulk carrier belonging to the Jakarta-based company, and this ship will eventually trade in Indonesia and abroad handling bulk cement. The new system will maintain mechanical loading of 750tph and pneumatic loading direct from eight tank trucks. It will be abl... |
Draft Bill conditions encourage global emissions: Holcim29 April 2008, Published under Cement NewsHolcim (New Zealand) Ltd would not recommend its parent company invest in a new $200m cement plant near Weston with the draft Climate Change Bill in its present form. However, managing director Jeremy Smith said Holcim got a good hearing when it presented its case to the finance and expenditure select committee this month. It had a "very real sense" the Government was listening and taking seriously what was a very complex issue. While the company had been unequivocal in its support for ... |
Singapore’s Hong Leong Asia to control 68.3 percent of Malaysia’s Tasek29 April 2008, Published under Cement NewsHong Leong Asia Ltd. said on Monday it will control 68.3 percent of Malaysia’s Tasek Corp after the sale of its building materials business to the Malaysian cement firm for S$323.5m ($237.9m) in an all-share deal. Under the conditional share and purchase deal between the two companies, Hong Leong Asia will be selling its stakes in six companies and its precast concrete and cement and granite trading business to Tasek, in exchange for about 212.2m new Tasek shares at an issue price of 3.54 ... |
Asia Cement seeks HK$2.4b fund to pursue expansion on mainland29 April 2008, Published under Cement NewsAsia Cement (China) Holdings Corp, the mainland unit of Taiwan’s second-largest cement maker, is raising as much as HK$2.42 billion in an initial public offering in Hong Kong to fund its expansion in the mainland’s booming infrastructure market. "The mainland infrastructure sector has been growing rapidly and demand for cement will remain high. Asia Cement’s operation in China will be surely lucrative in such an environment," said Yiu Chin, a director of financial analysis at Altruist Fina... |