Cement News tagged under: international
Akcansa posts TRY 186m net profit26 February 2008, Published under Cement NewsTurkish Akcansa announced that it recorded a net profit of TRY 185.8m last year while increasing turnover by 20% YoY to TRY690.6m. Akcansa is a joint venture by local Sabanci Holding and HeidelbergCement. The company raised domestic cement sales by 21% YoY to 5Mt compared to 2006 while ready-mix concrete sales were up by 10% YoY to 3.2Mm3. |
Gresik projects 2007 net Profit at IDR1.7trn, discusses expansion plans26 February 2008, Published under Cement NewsThe Semen Gresik Group (SGG) is optimistic that its unaudited net profits in 2007 would reach IDR1.7 trillion, up by 31.78% from IDR1.29 trillion in 2006. SGG is going to spend a total US$1.6bn to construct new factories, boost capacity, and develop new power plants. It expects the mega-project to be completed in 2012. Vice President Director of PT Semen Gresik Tbk Rudiantara revealed the expansion plan aimed to boost the total design capacity of Semen Gresik from the current 17.1... |
Baharoun to set up cement factory in Yemen26 February 2008, Published under Cement NewsThe Baharoun investment company has announced it intends setting up a cement factory in the Shuqra region of Abyan governorate, Yemen with a capacity of 1.5Mta. During his meeting with Abyan governor Mohammed Shamlan, Board chairman of the company Omer Ali Baharoun confirmed that the company had completed technical studies for the project and it is currently making geological studies preparing to start implementation of the factory which would provide 450 work opportunities. B... |
Work starts on Albanian cement plant26 February 2008, Published under Cement NewsWork started on a new €170m cement plant outside the Albanian capital, in the latest sign of increased foreign investment flowing into the country. The plant, in the town of Fushe Kruja, 25 kilometres from Tirana, will be owned by Antea Cement, a subsidiary of Greece’s Titan Cement Group. Albanian Prime Minister Sali Berisha, present at the inaugural ceremony, said the project will benefit the local economy. "A large number of workers will be employed in the construction phase of this pla... |
Holcim seen posting strong FY net, focus on outlook26 February 2008, Published under Cement NewsHolcim is expected to post on Wednesday a full year net profit of SwFr4.479bn, up from SwFr2.719bn in 2006 with the Swiss cement maker’s bottom line boosted by a divestment from its South African operations and improved demand from emerging markets. Analysts polled by Thomson Financial News forecast net profit in the range of SwFr4.419-4.531bn. Net profit after minorities and excluding the South African divestment is forecast at SwFr2.475-2.700bn or SwFr2.587bn on average, up from ... |
Portugal Semapa 2007 Profit Seen at EUR141m25 February 2008, Published under Cement NewsPortuguese construction and cement group Semapa is seen to post a net profit of EUR141 mln euro (US$209.1m) for 2007, compared to EUR91.4m (US$135.6m) for 2006, projections of Spanish bank Santander showed on February 22, 2008. Semapa’s EBITDA are expected to rise by 13 per cent to EUR422m (US$625.8m). The revenue is estimated to total EUR1.41bn (US$2.091bn), up seven per cent. Semapa will announce its 2007 earnings results on February 25, after the close of Euronext Lisbon stock e... |
Ambuja Cements to buy three cargo ships, India25 February 2008, Published under Cement NewsTo tap the growing demand of cement in the country, Ambuja Cements is expanding its cargo fleet for the internal movement of the construction material and is adding three ships by next year at an investment of Rs 150 crore. The company currently has a fleet of seven cargo ships for transporting cements for domestic as well as export purpose. "Seeing the demand in the country and the cost and problems faced in transporting cement through the surface route, we have decided to primar... |
BaselCement to ’become Russia’s biggest cement importer’25 February 2008, Published under Cement NewsBaselCement and Turkish Cimentas signed a two-year contract for the delivery of 2Mt of cement to Russia. Thanks to this deal, BaselCement will become Russia’s biggest cement importer. In 2007, the country’s cement prices exceeded average European prices by some 150% and in some months increased by more than 10% per month. By the time the Russian government’s Affordable Housing programme begins in 2009-2010 and the construction of major infrastructure projects gets underway, Russia will nee... |
BaselCement to ’become Russia’s biggest cement importer’25 February 2008, Published under Cement NewsBaselCement and Turkish Cimentas signed a two-year contract for the delivery of 2Mt of cement to Russia. Thanks to this deal, BaselCement will become Russia’s biggest cement importer. In 2007, the country’s cement prices exceeded average European prices by some 150% and in some months increased by more than 10% per month. By the time the Russian government’s Affordable Housing programme begins in 2009-2010 and the construction of major infrastructure projects gets underway, Russia will nee... |
JP Associates reopens new-look Chunar cement factory25 February 2008, Published under Cement NewsThe Chunar cement factory, which was closed in 1998 due to huge losses, has been recommissioned after a Rs 1,100 crore makeover by Jaiprakash Associates. Manoj Gaur, executive chairman of JP Associates, inaugurated the modernised factory here, about 50 km from Varanasi. JP Associates had acquired the erstwhile state-run facility in 2005 after the Allahabad High Court invited bids for sale of the plant and other assets of the UP State Cement Corporation Ltd through a global tender. ... |