Cement News tagged under: international
Spanish cement consumption drops 7%17 March 2008, Published under Cement NewsCement consumption in Spain in the first two months of the year dropped by seven per cent from a year earlier to 8.45Mt as residential construction slowed, industry association Oficemen said. |
Cement plant project to start soon in central Vietnam17 March 2008, Published under Cement NewsConstruction company Truong Thinh will build its first cement plant in central Quang Binh Province with total investment capital reaching almost VND3trn (US$187.5m). The plant will include two mills in two locations in Tuyen Hoa and Bo Trach districts. Construction is estimated to be completed within 36 months of being granted a construction license. In stage one of the project, the investor will set up clinker producing factory with a daily capacity of 5,000t and two grinding mills with ... |
Tokyo Cement plans rights issue, Sri Lanka17 March 2008, Published under Cement NewsPublic listed Tokyo Cement which made a Rs. 53.9m loss in the third quarter ended December 31, 2007 plans to raise between Rs. 1.2-1.5bn through a rights issue to strengthen its capital base. However, the management has not yet decided on the rights issue ratio, informed sources said. Discussions are at a preliminary stage, they added. The company currently has 15 million voting shares. Those shares closed flat at Rs. 250 a share on Thursday, on a quantity of 43,400 shares. Its non voting ... |
Russia’s Eurocement Group to up invest in unit to RUB1bn 200817 March 2008, Published under Cement NewsRussian cement producer Eurocement Group plans to invest over RUB1bn rubles in one of its subsidiaries, Pikalevsky Cement, this year, Eurocement Group said Friday. In 2007, Eurocement Group invested RUB132m in the subsidiary, the group said. Pikalevsky Cement produced 2.1Mt of cement in 2007. Eurocement Group controls 16 cement plants in Russia, Ukraine and Uzbekistan. Eurocement’s annual production capacity totals 35Mt. |
Sri Lanka govt to buy cement to bring down price and shortage17 March 2008, Published under Cement NewsIn a bid to curb the prevailing cement shortage and high retail price of cement in the market the government announced its decision of signing of an agreement with American Global Partner (USA) Inc , a US based company to buy cement at US$74/t. This was decided by the cabinet last week in response to a memorandum submitted by Minister of Industrial Development Kumara Welgama. Accordingly government will receive 300,000t of cement supplies from American Global Partner PLC for a period of 12... |
Aalborg Portland’s annual report 200717 March 2008, Published under Cement NewsDanish Aalborg Portland, the world’s largest producer of white cement, boosted turnover by 10% to DKr4,919m (EUR 0.66bn) in 2007 from 2006. Pre-tax profit grew by 15% to DKr723m in 2007 and profit after tax rose to DKr 508m in 2007 from DKr458m in 2006. EBITDA rose from DKr 918m in 2006 to DKr 1,028m in 2007 and EBIT increased from DKr 641m to DKr 738m. EBIT margin in 2007 was 15.0% compared to 14.3% in 2006. The company expects 2008 results to be in line with the 2007 results. Aalborg Port... |
HeidelbergCement 2007 net profit at EUR2.02bn17 March 2008, Published under Cement NewsHeidelbergCement AG increased its net profit to EUR2.02bn (US$3.19bn) in 2007 from EUR951m ($1.5bn) in the previous year, the company said on March 17, 2008. The net income from continuing operations improved to EUR1.97bn (US$3.12bn) from EUR916m (US$1.45bn). EPS more than doubled to EUR17.11. Sales surged by 35.8 per cent to EUR10.86bn (US$17.18bn), mainly due to the initial consolidation of Hanson Plc and the group’s strong organic growth in eastern Europe, central Asia, Norway, Africa,... |
Cement, steel exempt from duty all over UAE17 March 2008, Published under Cement NewsThe United Arab Emirates has decided to apply a country-wide lifting of customs duties on cement and steel. The move comes days after His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued a decree ordering a temporary lifting of the levies in the emirate to control rising costs for building materials. “Sheikh Mohammed ... issued a cabinet decree to widen the exemption of cement and steel from any customs duties in all pa... |
Jidong Cement 07 net profits leaps 75%14 March 2008, Published under Cement NewsTangshan Jidong Cement Co reports its net profits attributed to parent company reached CNY368m in 2007, surging 74.94% YoY. In the annual report, the company’s total cement production capacity hit 25Mt by the end of 2007, and sold 17.8826Mt, growing 30.05%. The operating revenue was about CNY3.86bn, mounting 32.58%. Based on the shining performance, Jidong Cement hopes the operating revenue in 2008 to hit CNY5bn and the increment will mainly come from capacity expansion. It announced in Ja... |
Cemex provides first quarter guidance14 March 2008, Published under Cement NewsCemex SA said Thursday that it expects its first quarter sales to grow 24% YoY to US$5.3bn, thanks to its acquisition of Rinker. "Despite the weakness in some of our major markets, our geographic diversification has helped partially mitigate the impact of those slowdowns, which will be somewhat offset by continuing strength in our Eastern Europe, South America and Australia businesses," the company said in a press release. The company said its first quarter results will be affected by fewe... |