Cement News tagged under: international
Brazil’s Jan cement sales up 17 per to record 4Mt15 February 2008, Published under Cement NewsBrazil’s domestic cement sales rose 17.6% in January compared with the same month last year, to 4Mt, the National Cement Industry Union (Snic) said Thursday. This is a record volume for the first month of the year. In a statement, Snic said cement plants across the country had a good performance last month, especially in the South and Center-West, where sales increased 30.2% and 22.9% respectively. |
Second-tier cement firms speed up deployment in Mainland China14 February 2008, Published under Cement NewsFollowing the footsteps of Taiwan Cement Corp. and Asia Cement Corp., Taiwan’s second-tier producers in this line, including Lucky Cement Corp and Hsing Ta Cement Co, will speed up production deployment in mainland China this year. Lucky will set up a plant in Hebei Province this year, becoming the first Taiwanese cement producer to launch production in that province. Hsing Ta will build a new plant in Nanjing municipality this year. At present, Lucky operates a production line in Taiwan. ... |
Vulcan announces record operating earnings for 200714 February 2008, Published under Cement NewsVulcan Materials Company today announced that 2007 full year sales, net cash provided by operating activities, operating EBITDA were at record levels. Consolidated net sales were US$3.1bn in 2007, an increase of two per cent from the prior year’s level. Net cash provided by operating activities of $708m increased 22% from the 2006 level of US $579m. Operating earnings for 2007 were US $714m, up three per cent from the 2006 level of US $695m. EBITDA in 2007 was $982m, up three per ce... |
Qatar cement firm sees 78% jump in net gains14 February 2008, Published under Cement NewsQatar National Cement Company (QNCC) yesterday reported 78% jump in net profit to QR355m in 2007. The producer also recommended 70% cash dividend for its shareholders for the review year, according to a news item posted on the Doha Securities Market website. Its earnings-per-share was QR9.95 in 2007 compared with QR5.60 in the previous year. QNCC yesterday pared a huge 3.22% to QR147.20 in an otherwise bullish market. A total of 35,915 shares worth QR5.29mn changed hands across 77 transact... |
Taiwan Cement Jan consolidated sales TWD2.99bn, up 6.6 per cent YoY14 February 2008, Published under Cement NewsTaiwan Cement Corp said its consolidated sales amounted to around TWD2.99bn in January, up 6.6 per cent from the same month a year ago thanks to a contribution from its China operations. Its parent-level sales in January fell to TWD2.25bn from 2.30 bln achieved in the same month in 2007, said the island’s leading cement firm. |
Indonesia Jan cement consumption up 18.4 per cent14 February 2008, Published under Cement NewsIndonesia’s domestic cement consumption rose 18.4 percent in January from a year ago to 3.12Mt, data from the Indonesian Cement Association showed on Wednesday. The increase in sales was helped by lower interest rates, which provided a boost for Indonesia’s residential market, as well as construction of infrastructure projects. Southeast Asia’s largest economy has been trying to overhaul its creaky infrastructure, such as ports, airports and toll roads, in a bid to prop up economic growth ... |
Hima Cement new plant okayed, Uganda14 February 2008, Published under Cement NewsHima Cement is to build a second plant when mining in Dura region in Kasese begins in 2010. This follows approval of funds from Lafarge, Hima’s parent company. Lafarge’s offer of $50m (sh85.2b) will fund half of the project, while the remainder would be sourced internally. Dura is located in Queen Elizabeth National Park. Hima is waiting for a permit from the Uganda Wildlife Authority, which approved the project in principle. Environmentalists have criticised the project, saying mining i... |
Lafarge 2007 net rises 39%; sees 2008 earnings growth14 February 2008, Published under Cement NewsLafarge SA Thursday reported a better-than-expected 39% rise in 2007 net profit on cost cutting and higher sales and margins, and said it expects earnings growth in 2008 despite weakness in the U.S. and Spain, two of its key markets. The company also reiterated its 2010 targets for earnings per share of more than EUR15 and free cash flow of EUR3.5bn. Its EPS in 2007 rose 41% to EUR11.05 and free cash flow rose 23% to EUR1.7bn. Net profit for the full calendar year rose 39% to EUR1.91bn, fr... |
Zimbabwe: firms resume cement deliveries13 February 2008, Published under Cement NewsCement manufacturers have started delivering cement following a review of prices by the National Incomes and Pricing Commission. Pretoria Portland Cement has 1188t stored at Bak Storage in Harare awaiting distribution. NIPC chairman Mr Godwills Masimirembwa yesterday said cement shortages that had hit the construction industry lately are set to ease following the reviewing of prices. The commission has also reviewed the prices of coal which cement makers said was in short supply because of... |
Zimbabwe: firms resume cement deliveries13 February 2008, Published under Cement NewsCement manufacturers have started delivering cement following a review of prices by the National Incomes and Pricing Commission. Pretoria Portland Cement has 1188t stored at Bak Storage in Harare awaiting distribution. NIPC chairman Mr Godwills Masimirembwa yesterday said cement shortages that had hit the construction industry lately are set to ease following the reviewing of prices. The commission has also reviewed the prices of coal which cement makers said was in short supply because of... |