Cement News tagged under: international
Cimpor to invest EUR600m by 2012 to boost production capacity11 February 2008, Published under Cement NewsCimpor plans to invest EUR600m by 2012 to hike its production capacity to about 33.5-36Mta from 28.5Mta currently, Diario Economico reported, citing an official source at the company. The paper said that Cimpor plans to invest in its operations in China, India, Peru, Turkey and Morocco. In China, Cimpor could acquire new operations in the short term to add to its current operations in the Xandong area, the paper added. |
Buzzi Unicem: growth in Eastern Europe and Mexico offset weaker USA and Italy11 February 2008, Published under Cement NewsBuzzi Unicem improved turnover by 9.1% to EUR3,205m in 2007. Based on a constant structure and exchange rates, the underlying increase was 8.8%. Net debt at the end of the year stood 2.0% higher at EUR621m. Group cement deliveries were 2.2% higher at 34.1Mt, with improved volumes being registered in most markets with the exception of the United States and Italy. Ready-mixed concrete deliveries improved by 2.0% to 17Mm³. The full results will be announced on the 27th of March. Italian t... |
Lipetsktsement to invest in upgrade in 200808 February 2008, Published under Cement NewsRussian-based manufacturer Lipetsktsement said it produced 1.5Mt of cement in 2007. The company forecasts a growth rate in 2008 of be around 11%. Under an investment programme relating to upgrade its facilities over RUR250m was spent in 2007 – twice the amount posted in 2006. Within the development of its concrete business a new mortar-concete plant was constructed to produce 60m3 per hour last year, it will come on-stream in February 2008. In 2008 investments in the plant will rise by 64% t... |
Shanks in second Castle Cement fuel deal08 February 2008, Published under Cement NewsShanks will supply refuse-derived fuel to Castle Cement’s Ketton works in Rutland. The announcement came this month as Environment minister Joan Ruddock revealed plans by Defra to actively stimulate markets for SRF across the country- including the development of a standard to distinguish SRF from untreated municipal solid waste. Under the Shanks contract, up to 50,000t of solid recovered fuel produced at mechanical biological treatment plants at Jenkins Lane and Frog Island in East London... |
Votorantim purchases Prairie in the US08 February 2008, Published under Cement NewsBrazilian company Votorantim Cimentos announced today the purchase of the American company Prairie, a leading company in the production of concrete in the region of the Great Lakes, with production of 5Mm3 of concrete. Votorantim plans to unify Prairie’s activities with the assets of its local subsidiary, Votorantim Cement North America (VCNA), operating the company in partnership with St. Marys Cement, Canada. |
Ukrainian cement production grows 9.3% in 200708 February 2008, Published under Cement NewsUkraine cement production increased by 9.3% YoY to 15Mt in 2007, according to industry association Ukrcement. Ukrcement members produced 11.765Mt of cement, 7.3 per cent more than a year earlier. The country produced 1.014Mt of cement in December alone, 2.8% less YoY, with Ukrcement members reducing output by two per cent to 842,500t. The State Statistics Committee has reported that cement production in the country rose 9.1% year-on-year to 14.989Mt in 2007. |
Cement prices up INR5 per bag, India08 February 2008, Published under Cement NewsCement prices have shot up by INR5 per 50kg bag in Maharashtra and Mumbai on account of pressure on margins faced by manufacturers. Companies including Grasim, Ultratech, ACC, Ambuja J K Lakshmi, Binani and Indorama have hiked cement prices in the western market. The retail price per 50kg bag has touched INR268 whereas for institutional buyers, it rose to INR249 a bag. The wholesale prices will be around INR255 per bag. The prices were last hiked by INR5 across Maharashtra in the fir... |
GBL mulls boosting Lafarge stake to 25 per cent08 February 2008, Published under Cement NewsGBL, the Belgian investment group controlled by Albert Frere and Canada’s Desmarais family, has raised its stake is mulling boosting its stake in Lafarge from 18 to 25 per cent, according to local press reports. According to La Tribune, which did not cite sources for the information, Frere could move quickly to take advantage of a recent drop in Lafarge’s share price. After Lafarge’s recent acquisition of Egypt’s Orascom Cement and a capital increase of EUR8.8bn, GBL’s stake in th... |
Semen Gresik plans up to US$500m of bonds by March08 February 2008, Published under Cement NewsPT Semen Gresik plans to issue US$300m to US$500m of bonds in the overseas market by March to help finance construction of cement and power plants, a company official said Friday. The official also told Dow Jones Newswires that the state-owned cement maker is mulling issuing bonds in the domestic market, but declined to provide details. Semen Gresik plans to invest a total of $1.3bn until 2010 to build several cement plants. Only US$300m of the total investment will be financed wit... |
Siam City Cement Q4 net profit down 42 per cent08 February 2008, Published under Cement NewsSiam City Cement , Thailand’s second biggest cement maker, missed forecasts with a worse-than-expected 42 per cent drop in fourth-quarter earnings on Friday due to weak cement demand. SCCC, 32 per cent owned by Holcim, made an October-December quarter net profit of THB412.6m ($12.54m), down from THB706.1m a year earlier, the company said in a statement. Full-year 2007 net profit fell 17.5 per cent to THB3.23bn and the firm would pay an interim dividend of 7.5 baht per share, the stat... |