Cement News tagged under: international
Boral 1H net falls on Australia, US housing slump13 February 2008, Published under Cement NewsBoral Ltd said Wednesday net profit in the six months ended December 31 fell 10.1% because of a housing slump in its key markets, adding full-year earnings may fall lower. The Sydney-based company reported earnings of A$132.4m in the first half, down from A$147.2m a year ago, as sales rose 5% to A$2.63bn from A$2.49bn in the same period in fiscal year 2007. Profit growth at Boral, which makes bricks, roof tiles, cement, plasterboard and other construction products, has been crimped b... |
Siam City Cement’s EcoSiam changes its name13 February 2008, Published under Cement NewsSiam City Cement (SCCC) has renamed its EcoSiam business unit Geocycle, in line with the policy of its major shareholder, Holcim, to focus more on waste management under a global brand that abides by international standards, The Nation reports. "This change is a major step to assure all of our practices will continue to meet international standards," said Geocycle general manager Ghassan Broummana. "Moreover, being part of the Geocycle global network, we have a unique line of access... |
Serbian Railway Co to enable rail transport for Lafarge Serbian Unit13 February 2008, Published under Cement NewsSerbia’s state railway operator Zeleznica Srbije will invest EUR16m to reconstruct a railroad that would enable the Serbian unit of French construction materials giant Lafarge, BFC, to transport its production via rail, media reports showed. The 17.2km section between the town of Petrovaradin to Beocin, where BFC is based, in Serbia’s northern province of Vojvodina, was closed in early 2007 and its reconstruction should be completed in the spring of 2009. The authorities of Vojvo... |
Bring down excise duty on cement to 6%: Binani13 February 2008, Published under Cement NewsVinod Juneja, Deputy Managing Director, Binani Group has observed that despite the growth of the Indian cement industry, India’s per capita production of 115kg per year lags way behind the world average of over 250kg and China’s production of more than 450kg. “Cement capacity utilization have crossed the 100% mark riding on the construction boom in the economy. The cement sector has logged in impressive growth figures. But infrastructure development is going to be the key to India’s growth ... |
Volskcement Board recommends to accept offer from Alpha Cement12 February 2008, Published under Cement NewsThe Board of Directors of Volskcement (Saratov region, Russia) at its meeting on February 4, 2008 decided to recommend that shareholders of the company accept an offer of Alpha Cement on aquisition of stocks. The price of the offer is RUR8,930 per stock, the company said in an official statement. |
HeidelbergCement Ukrainian plants up output 15%12 February 2008, Published under Cement NewsUkrainian plants within the HeidelbergCement Group increased production 14.8% in 2007 to 4.3Mt of cement. Doncement (Donetsk region) increased output 20.7% to 1.84Mt, Krivoi Rog Cement (Dnepropetrovsk region) raised production 1.7% to 1.51Mt, Cement Donbass (Donetsk region) saw a 150% surge to 377,000t and Dniprocement (Dnepropetrovsk region) saw output drop 3% to 554,000t of cement, the companies told Interfax. |
Turkey’s Oyak Cement 2007 sales up 10 per cent12 February 2008, Published under Cement NewsTurkish Oyak Cement Group’s net sales rose some 10 per cent to TRL850m (US$690m) last year, while EBITDA amounted to TRL400m, its chairman said on Monday, quoting preliminary results. Celal Caglar, chairman of Oyak Cement, whose four cement units are listed, told Reuters the company targeted net sales of TRL915m this year, including exports of TRL268m. Its four listed companies are Adana Cement , Bolu Cement , Mardin Cement and Unye Cement. |
Taiwan Cement to raise domestic prices by 10%12 February 2008, Published under Cement NewsTaiwan Cement Corp will increase domestic bulk cement prices by 10% to NT$2,500/t in March to reflect rising material costs, the Economic Daily News reported Tuesday, citing company Vice President Huang Chien-chiang. Because Taiwan Cement controls 52% of the island’s cement market, smaller rivals Asia Cement Corp. , Chia Hsin Cement Corp. and Universal Cement Corp. will likely follow suit, the Chinese-language newspaper added. |
Indian cement industry reports moderate quarterly growth12 February 2008, Published under Cement NewsDuring the December 2007 quarter, the Indian cement sector reported a moderate growth in sales and profits over the robust growth seen during the corresponding quarter of the previous year, according to a report by the Economic Times of India. Growth in sales was more a function of better realisation than higher production. This also resulted in improved profitability. Sales grew 17% on top of the 48% jump a year ago. Net profit rose by 30% over and above the 202% jump seen during the third... |
South Africa monthly cement sales solid12 February 2008, Published under Cement NewsCement sales in South Africa increased 5.8 per cent YoY in January 2008 from the 7.4% YoY increase reported in December, according to Cement and Concrete Institute (CNCI) data. At the end of January 2008, cement sales were reported up to 15.29Mt from the 14.45Mt reported a year earlier. Total sales in January, however, amounted to 982,424t from 1.008Mt in January 2007, a decrease of 2.5%. Exports of cement in January decreased 79.7% to 6713t from 33,430t a year earlier. Sales to Botswana... |