Cement News tagged under: international
Saudi Yanbu Cement net profit up to US$44.9m in 1Q0818 April 2008, Published under Cement NewsSaudi cement producer Yanbu Cement Company (YCC) said on April 16, 2008 its net profit rose to SAR168.4m (US$44.9m) in the first quarter of 2008, up from SAR151.6m (US$40.4m) a year ago. The increase was attributed to a 15.3 per cent YoY rise in operating profit. Earnings per share (EPS) stood at SAR1.6 (US$0.43), up from US$1.44 (US$0.38). In late July 2007, YCC said it was studying a project to renovate its kilns 1 and 2 and increase their capacity. YCC posted a net profit of SAR6... |
Jiangxi Wannianqing Cement, Nanfang Cement joint venture18 April 2008, Published under Cement NewsA subsidiary of Jiangxi Wannianqing Cement Co., Ltd) and Shanghai-based Nanfang Cement Co, Ltd will set up a joint venture in Yongfeng, Jiangxi Province. Named Jiangxi Yongfeng Nanfang Wannianqing Cement Co, Ltd, the new cement company will register CNY200m in capital, 80% of which will come from the listed company. The two shareholders will pay the capital both in cash. The joint venture will build two 4500tpd clinker production lines and associated 9MW low temperature waste heat power ... |
Taiheiyo Cement shares advance on report on price increases18 April 2008, Published under Cement NewsTaiheiyo Cement Corp led gains in cement producers in Tokyo trading after the Nikkei newspaper reported prices rose 10 per cent this fiscal year on higher coal costs. Taiheiyo shares added 2.8 per cent to 259 yen as of 10:13 a.m. on the Tokyo Stock Exchange, after rising as much as 5.6 per cent. Sumitomo Osaka Cement Co., the No. 3 producer, gained 1.9 percent, while Ube Industries Ltd. climbed 2.1 percent. Tokyo cement prices advanced for the first time in four years, rising between ¥1000... |
Exports ban likely to cool down cement prices17 April 2008, Published under Cement NewsThe Indian government’s ban on exports of cement and clinker last week in a bid to contain soaring prices seems to be taking effect as several dealers indicate the likelihood of a Rs 3-per-bag cut in prices next month. H M Bangur, president, Cement Manufacturers’ Association (CMA) & managing director, Shree Cement, said, "The ban on exports will definitely have some impact on pricing, but when and how - that’s too early to say." Though cement prices are still strong, the pace of increase... |
Russia’s Cement production up 1.9% in 1Q0817 April 2008, Published under Cement NewsCement production in Russia went up 1.9%, to 11.3Mt, in the first quarter of 2008, according to the Federal State Statistics Service. In March, cement production went up 5.5 per cent YoY and 25.7% compared with February 2008. |
Cement cos vie for L&T’s ready-mix concrete business17 April 2008, Published under Cement NewsLeading cement manufacturers, including Holcim, AVB Group and Lafarge, are in the race to buy engineering major Larsen and Toubro’s ready-mix concrete (RMC) business, L&T Concrete, according to local press reports. L&T had, in December 2007, decided to hive off its ready-mix concrete business into a separate entity called L&T Concrete. Although L&T sold its cement business to the AVB Group in 2001, it retained the RMC unit. L&T Concrete is the market leader in the segment with a share of ... |
Lafarge to announce new cost-cutting plan at end 200817 April 2008, Published under Cement NewsLafarge will announce a new cost-cutting plan at the end of 2008, the group’s Chief Executive Bruno Lafont says in an interview published Thursday in French business daily La Tribune. The new plan will be implemented after the Excellence 2008 plan ends, to maintain the company’s momentum on the current plan, Lafont says. The plan will be significant and will enable further investments in innovation, he says. |
India March cement shipments up 8.5 per cent on YoY17 April 2008, Published under Cement NewsCement shipments in India rose 8.5 per cent in March from a year ago, the Cement Manufacturers’ Association’s Web site showed. Sales in March were 16.41Mt, compared with 15.12Mt in the year-ago period. Production rose 9.2 per cent to 16.37Mt last month, against 14.99Mt a year earlier. For the full year ending March 2008, cement shipments rose about eight per cent to 167.65Mt and production to 168.29Mt from a year ago. |
Cementir gets green light for second Chinese plant17 April 2008, Published under Cement NewsCementir, a unit of local construction company Caltagirone, has received authorisation to build another plant in China, close to the one it already runs in Anqing, eastern China, president Francesco Caltagirone Jr said. The plant will have a production capacity of 600,000t and will produce mostly white cement, Caltagirone continued, adding that Cementir’s existing plant, which has an output capacity of 100,000t, was about to start production of special cements. The company will invest EU... |
Vietnam producers propose import tax cuts to stabilise prices17 April 2008, Published under Cement NewsVietnamese cement makers have proposed the government slash import taxes on clinker and cement to 0% from 5% and 10%, respectively, in a bid to remain cement prices until the end of June under the instruction of the prime minister. The taxes are expected to take effect for 2008 only. The cement industry will import an estimate of 4.5 million tons of clinker this year to meet the country’s cement demand. Clinker is mainly imported from countries outside ASEAN such as China and South Korea... |