Cement News tagged under: international
ACC production increases 15 per cent04 March 2008, Published under Cement NewsCement production of ACC increased 15 per cent to 1.69Mt in February against 1.47Mt in the same period last year. Dispatches rose 17 per cent to 1.69Mt (1.44Mt) , the company said. Ambuja Cements, another Holcim group company, reported 7 per cent rise in production to 1.47Mt (1.37Mt) in February, while dispatches were up nine per cent to 1.48Mt (1.36Mt). The Aditya Birla group has reported a 5.71 per cent rise in February cement production at 2.75Mt and dispatches were higher 5.28 ... |
SW cement plant at Salboni, India04 March 2008, Published under Cement NewsSajjan Jindal-owned JSW Steel Group will be setting up a 3Mt cement plant at Salboni in West Bengal. The company has already decided to develop a 10Mt integrated steel plant with an investment of Rs 35,000 crore at the same place. “We have planned a 3Mt cement plant. JSW Bengal will construct the cement plant prior to the steel plant as part of the project,” JSW Bengal managing director Mr Biswadip Gupta said. “As per the environment clearance for the project we cannot throw any solid wast... |
Dalmia Cement Feb shipments up 7.7 per cent YoY04 March 2008, Published under Cement NewsDalmia Cement (Bharat) Ltd said its February cement shipments rose 7.7 percent to 287,000t, while production in the month rose 4.2 per cent to 265,000t. Its total shipments and production in April-February rose about 24 per cent to about 3Mt each, the company said in a statement. (Reporting by Rakesh Sharma; Editing by Ramya Venugopal) |
Cimpor buys quarries, six cement plants in Spain for EUR80m04 March 2008, Published under Cement NewsCimpor said in a regulatory filing late Monday that it acquired six cement plants and a set of quarries in Spain, for a total investment of about EUR80m The acquisitions "substantially reinforce the important position it already holds in the Spanish market of concrete and aggregates," Cimpor said in the statement. Cimpor said it acquired three ready-mix concrete plants, two in the region of Seville and one in Huelva, as well as Spanish company Arenor Hormigones, which owns another... |
Readymix profit plummet 35 per cent on slowdown04 March 2008, Published under Cement NewsPre-tax profits at cement group, Readymix, plunged by 35 per cent last year as the construction and property sectors slowed, the group said in its preliminary results for the year to the end of December 2007. The company posted a pre-tax profit total that fell to EUR27.79m compared to EUR 42.59m in the previous year and revenues that dropped by 10.3 per cent to EUR 220.21m compared to EUR 245.37m previously. "As a result of tighter trading conditions, due mainly to the decl... |
Spanish Cementos Molins 2007 profit up to EUR118m04 March 2008, Published under Cement NewsSpanish cement company Cementos Molins booked an EUR118m (US$179.9m) net profit for 2007, up eight per cent YoY, the company said on March 3, 2008. Sales rose by 11 pct to EUR816m (US$1.244bn). Domestic sales accounted for 62 per cent of the total. EBITDA increased by six per cent per cent to EUR239m (US$364.4m). Shareholders’ equity amounted to EUR535m (US$815.7m) at the end of 2007, up by EUR81m from a year ago. The company’s net debt totalled EUR140m (US$213.4m) at th... |
Aditya Birla Feb cement shipments up 5.3 per cent YoY04 March 2008, Published under Cement NewsIndia’s Aditya Birla Group’s cement shipments in February rose 5.3 per cent to 2.73Mt from year earlier. Cement production rose 5.7 per cent to 2.75Mt, it said in a statement on Monday. The group includes flagship Grasim Industries Ltd and UltraTech Cement Ltd , with a combined cement making capacity of more than 31Mt. |
Pakistani cement sales up 22.7 per cent04 March 2008, Published under Cement NewsPakistani cement sales jumped 22.7 per cent in the first eight months of the 2007/08 fiscal year, compared with the previous year on growing construction demand at home and abroad, an industry official said on Monday. Sales totalled 18.7Mt for the eight months to February, compared with 15.24Mt in the same period last year, said Shahzad Ahmed, secretary-general of All Pakistan Cement Manufacturers Association Pvt Ltd. Pakistan’s financial year runs from the beginning of July to the... |
Cement manufacturers’ body, nine others charged with cartelisation04 March 2008, Published under Cement NewsThe MRTPC on Monday found Cement Manufacturers Association (CMA) and nine others including ACC and Birla’s Grasim Cement, guilty of having acted in concert to raise the price of cement bags in Jabalpur (Madhya Pradesh) during 2000 and 2001, and directed them to refrain from fixing prices of cement through such ‘arrangements’ with the apex association. The nine producers — which also include Grasim Cement, Larsen & Toubro Ltd, Lafarge Cement, Satna Cement Works, Jay Pee Cement, Diamond C... |
Cementir buys Danish concrete company for EUR21m04 March 2008, Published under Cement NewsCementir SpA said it has bought 100 per cent of Danish concrete company Kudsk & Dahl for EUR21m, in a deal that will allow the Italian cement group to generate higher synergies and consolidate its presence in Scandinavia. Kudsk & Dahl sells about 1.2Mt of aggregates and 100,000m3 of concrete per year, generating revenues of about EUR16m and a gross operating profit of EUR3m, it said. Cementir carried out the acquisition through its Unicon subsidiary. |