Cement News tagged under: international
Initial Turkish and Chinese contributions boost Cimpor28 March 2008, Published under Cement NewsHelped by the initial consolidation of Turkey and China, Cimpor increased turnover by 20.0% last year to EUR1,966.1m and the EBITDA emerged 7.8% higher at EUR 607.0m. The trading profit was 7.4% ahead at EUR 438.1m and a 13.5% increase in the net financial charge reduced the rise in the pre-tax profit to 6.7% to EUR 390.1m. After higher tax and minorities charges, the net attributable profit emerged 4.2% up at EUR 304.1m. Net debt at the end of the year was 51.7% higher at EU... |
Vietnam cement producers want coal price increase delayed28 March 2008, Published under Cement NewsChairman of the Cement Association Council Nguyen Van Thien on March 25 sent a document to the Prime Minister, asking him to instruct the Vietnam Coal and Mineral Industries (Vinacomin) to delay the coal price increase plan. In January 2008, Vinacomin raised the price of coal sold to cement producers by 70%. On March 25, Vinacomin once more asked to raise the coal price. The continuous coal price increases may lead to the price increases of a lot of commodities and services, threatening to ... |
India Cements to boost capacity28 March 2008, Published under Cement NewsIndia Cements is to boost its production capacity to about 14Mta by December 2008 through de-bottlenecking, upgradation of production facilities and setting up of two new grinding units. Currently, it has a production capacity of 9.1Mta. The two grinding units will come up in Chennai and Perli (Maharastra) — each with a capacity of 1Mta – by the end of the first quarter of fiscal 2009. It will invest around Rs 810 crore in these projects. The company also plans to set up two cement plants... |
Egypt bans cement exports until October 200828 March 2008, Published under Cement NewsEgypt will ban cement exports from March 29th 2008 until October 1st 2008 as part of measures to control the markets. Ms Samiha Fawzi, first deputy to Trade and Industry Minister Mr Mohamed Rachid, said the move is a temporary measure to face the seasonal increase of demand for construction material during summer. She said "Our construction sector is booming and we have shortages in the local market of cement and steel." She added that "Once more companies start production and supply comes... |
China’s Anhui Conch Cement 2007 net profit up 64.23 on strong sales28 March 2008, Published under Cement NewsAnhui Conch Cement Co Ltd said 2007 net profit (under Chinese accounting standards) rose 64.23 per cent to CNY2.49bn, driven by strong sales and higher selling prices. In its annual report filed with the Shanghai Stock Exchange, the company said it produced 64.1Mt of cement and 69.87Mt of clinker last year, up 12.59 per cent and 15.76 per cent respectively. At the end of 2007, the company’s cement production capacity was 69Mt, with clinker capacity at 69Mt. It sold 86.52Mt of cement and clin... |
German Dyckerhoff sees 2008 US sales down27 March 2008, Published under Cement NewsGermany’s second-largest cement producer Dyckerhoff AG expects sales in the USA, where a fifth of its turnover is generated, to fall ostensibly in 2008, CEO Wolfgang Bauer said on March 26, 2008. Bauer based this prospect on the weak residential construction market and the increasing competition in the USA. Therefore, Dyckerhoff’s consolidated profit and turnover are expected to stagnate. In 2007, Dyckerhoff raised its profit 90 per cent YoY to EUR286m (US$449.3m). The turnover it... |
Portugal Cimpor 2007 Profit up 4.2% YoY27 March 2008, Published under Cement NewsCimpor has posted a consolidated net profit of EUR304.1m for 2007, which was a 4.2 per cent YoY rise, the company said in a note to the national bourse regulator CMVM on March 26, 2008. The substantial appreciation of the euro against the currencies of almost all countries where Cimpor operates and the 25 per cent rise in the fuel prices on average affected considerably the company’s operating profit during the whole year. However, the extension of its consolidation perimeter, mainly result... |
Italcementi maintains volumes27 March 2008, Published under Cement NewsItalcementi achieved a 2.5% increase in turnover last year to EUR600.9m, in spite of Calcestruzzi not being consolidated for the final quarter and, on an underlying basis, turnover rose by 3.6%. The EBITDA, on the other hand, declined by 3.0% to EUR1,403.9m as higher costs could not be fully recovered, and the trading profit emerged 5.4% lower at EUR958.0m. Higher financing costs led to a 7.2% reduction in the pre-tax profit to EUR851.9m, but a lower tax rate and lower minorities left the ... |
Pakistani cement makers raise prices on higher costs26 March 2008, Published under Cement NewsIt is has been reported that major cement makers in Pakistan have raised prices due to high cost of raw materials especially coal that has surged to around US$140/t from US$90/t in the last six months. After a PKR20 to PKR25 per bag increase on March 6th 2008, the cement companies have again increased ex factory cement prices by PKR10 to PKR15 per bag now stands at PKR240 to PKR245 per bag. Before this increase, prices averaged at PKR230 to PKR235 per bag. A cement industry official said th... |
Vietnam Ministry denies cement price hike26 March 2008, Published under Cement NewsThe Ministry of Construction has rejected rumours circulated in the local media that cement prices had increased 40 per cent since the end of 2007 or that cement supplies were scarce. Deputy Minister of Construction Nguyen Tran Nam said at a meeting with 24 cement enterprises in Ha Noi last Friday that, in the last few years, the price of cement has been raised only once, by 10 per cent, and the adjustment was made late last year. Despite price increases in materials used for cement produc... |