Cement News tagged under: international
BCA: UK cement industry sales rise in 200729 February 2008, Published under Cement NewsThe UK cement industry has published its figures for cement sales for 2007. Despite a seasonal downturn at year end, domestic cement sales showed a 4.8% increase over the year. Cement production by British Cement Association (BCA) members - Castle Cement, Cemex UK, Lafarge Cement UK and Tarmac Buxton Lime and Cement - rose 3.6% in the same period. These figures were achieved despite short term issues early in 2007 when demand temporarily outstripped supply. “Over the past decade, the UK cem... |
SCG Logistics to expand network28 February 2008, Published under Cement NewsSCG Logistics Management plans to spend more than Bt200 million on solution systems this year to integrate its transport network and increase its presence in Asean. After entering Cambodia seven years ago, SCG Distribution plans to expand into Vietnam and Indonesia as part of the "Go Regional" policy of the country’s largest industrial conglomerate, Siam Cement Group In Cambodia, the multimodal system was applied to support SCG Cement’s plant in Kampot province. The logistics network ... |
Gulf Cement okays foreign investors’ stake hike, Qatar28 February 2008, Published under Cement NewsGulf Cement Company shareholders have approved a higher 49% stake for foreign investors, the third listed entity to do so in the recent period. The shareholders gave their consent at the extra-ordinary general assembly meeting, which also approved the conversion of the company into a holding entity. The other two entities that have approved a higher stake for non-Qatari investors are Masraf Al Rayan and United Development Company, while Industries Qatar board recently rejected such a propo... |
Chinfon Haiphong to build cement plant in Dung Quat28 February 2008, Published under Cement NewsVietnamese-Taiwanese cement joint venture Chinfon Haiphong is expected to begin work on a 1Mta cement plant in the central province of Quang Ngai late this year. The company is completing the procedures for the 6.3ha factory targeting local- and foreign-invested construction projects in the Dung Quat Economic Zone and neighboring areas. The provincial government has asked the company to submit reports on technology, environmental impact and input materials for the facility, which w... |
Holcim sells 150Mt of cement in 200728 February 2008, Published under Cement NewsHolcim increased turnover by 12.9% in 2007 to SFr27,052m (EUR16,395m) and the operating EBITDA improved by 13.9% to SFr6,930m (EUR4,200m). The trading profit was up by 14.6% to SFr5,024m (EUR3,045m) while the net attributable profit jumped by 83.7% to SFr3,865m (EUR2,342m), helped by a SFr1,260m (EUR768m) exceptional gain on selling 85% of the South African subsidiary. Net debt at the end of December stood at SFr12,873m (EUR7,755m), an increase of 0.3%, which produced a gearing level of 58... |
Kursk region, RATM Group sign agreement for new plant, Russia27 February 2008, Published under Cement NewsAdministration of the Kursk region and RATM Group have signed an agreement on construction of a new cement plant in Shchigry (Kursk region). According to General Director of RATM Cement Holding Viktor Belyayev, Investments are assessed at USD250m, Vedomosti reported. |
Taiwan Cement to build new plant in China’s Sichuan27 February 2008, Published under Cement NewsTaiwan Cement Corp plans to build a new cement plant in the southwestern Chinese province of Sichuan, the Economic Daily News reported, citing company senior vice president Edward Huang. The Sichuan plant is part of the company’s plan to increase its production lines in the mainland from 15 to 25. Taiwan Cement has yet to decide on the details of its Sichuan site, the report added. The ultimate goal is for its China operations to have a total annual capacity of 50Mt, the paper... |
Nigeria president orders cement price reduction27 February 2008, Published under Cement NewsPresident Umaru Yar’Adua has directed the Minister of Commerce and Industries, Charles Ugwuh to ensure that the price of cement which currently stands at N2,500 per bag is reduced to between N800.00 and N1,000.00 in the next six months. Addressing State House correspondents after he was summoned to a meeting with the president, Minister of Commerce and Industry, Charles Ugwu said the spiraling price of cement was ’unacceptable’ to the president who has directed that urgent remedial meas... |
GCC reports full year and 4Q 2007 results27 February 2008, Published under Cement NewsMexico-based Grupo Cementos de Chihuahua (GCC) has announced consolidated results for the year and quarter ended December 31, 2007. GCC’s product and market diversification, as well as the successful growth strategy and continued efforts to achieve higher levels of operating efficiency, contributed to the company’s double-digit increase in sales and EBITDA in 2007. GCC’s Net Sales in 2007 grew 11.7% over 2006, driven by increases of 16.2% and 9.4% in the United States and Mexico, re... |
Cement to get costlier, again27 February 2008, Published under Cement NewsCement prices in parts of India are expected to go up from first week of March by Rs 5-7 per bag, sources said. The retail price per 50 kg bag is expected to touch Rs 275 whereas the wholesale prices will be around Rs 260 per bag in Maharasthra. The prices were last hiked by Rs 5 in February. A Mumbai-based cement dealer said on condition of anonymity: “We are getting feelers from top cement companies for another price hike next week. A hike of Rs 5-7 per bag would be expe... |