Cement News tagged under: international
Lucky Cement earning likely to show 22% rise, Pakistan08 February 2008, Published under Cement NewsLucky Cement Limited is expected to show a 22 per cent YoY increase in its net earnings to PKR968m for the first half of the current financial year. Analysts at Arif Habib Securities said in a report released on Thursday that the company’s earning per share is likely to be PKR3.67 for the above period mentioned. A 31 per cent increment in sales volume to 2.63Mt is expected to support the bottom line growth. Gross profit margins, however, are expected to go down to 25 per cent compared to 2... |
India’s cement demand seen growing 10 per cent in fiscal 2008, 200907 February 2008, Published under Cement NewsFitch Ratings said it expects India’s demand for cement will grow 10 per cent in fiscal years 2008 and 2009 due to increasing infrastructure spending, real estate development and corporate capital expenditure. But the ratings agency said its outlook on the Indian cement sector for 2008 is stable to negative, adding it expects export demand for Indian cement to decline to 3Mt in fiscal year 2009 from the estimated 5Mt for 2008 as producers focus on strong domestic demand and as global ce... |
China’s changing industry structure07 February 2008, Published under Cement NewsMore global cement producers have been swarming into China in recent years, and many domestic companies are actively consolidating local cement markets, which signals a change of the nation’s cement industry structure. On January 30, 2008, Jilin Yatai (Group) Co., Ltd declared that it would sell 26% of its wholly-owned arm Yatai Group Cement Investment Co., Ltd. to a cement affiliate of CRH plc. Yatai Group, as a state-run listed cement producer lying in the northeastern domestic city of C... |
PPC to raise quarry output with jaw crusher07 February 2008, Published under Cement NewsPretoria Portland Cement (PPC) said yesterday it would invest R40m to increase capacity at its Laezonia quarry by 340,000tpa the installation of a new jaw crusher. The Siyaya Egoli project would replace the existing jaw crusher, which had reached the end of its life span. The new crusher would provide greater flexibility in crushing the various rock types mined at Laezonia. "This will not only increase efficiency and improve the output of our plant, but also help meet the demand in the Gau... |
Syria to add up to 25Mt of new capacity07 February 2008, Published under Cement NewsSyria’s production of cement could exceed 30Mta by the end of 2011 according to official statistics. This figure could be reached should all 10 cement projects licensed by the Syrian Investment Authority start operations and add 25Mt in planned capacity to the existing 5.7Mt produced by state plants. For decades, the production of cement was a state monopoly. In 2004, private investors were allowed in but it was only early 2006 that a specific set of rules and incentives regulating investme... |
Improving UK performance06 February 2008, Published under Cement NewsCemex has announced record cement clinker productivity at all three of its UK cement plants which together achieved world-class efficiency levels of 90.5 per cent in the period January 2007 to January 2008. This has resulted in an increase in production of 13 per cent compared to the same period last year. The current world class production performance has been achieved on the back of a combination of three major factors, including major investments, training and development and strong l... |
CNBM acquires two cement producers06 February 2008, Published under Cement NewsChina National Building Material Co Ltd (CNBM) has inked contracts with Sin Chang An Holding Ltd, a unit of the Singapore-listed Jurong Cement Ltd, to acquire a 60% stake in both Zhejiang Shanying Cement Co Ltd and Zhejiang Jurong Cement Co respectively at a combined value of US$41.8m in cash, sources reported. The transaction still needs approvals from shareholders and regulatory authorities. The deal was announced by Jurong Cement on January, 30 2008 in a statement filed with Singapore ... |
Cement firms to appeal against MRTPC order, India06 February 2008, Published under Cement NewsA majority of the 44 cement companies recently accused of cartelisation by the Monopolies and Restrictive Trade Practices Commission (MRTPC) are in the process of filing an appeal against the commission’s order at a higher court. "We have sought legal opinion from experts and are in the process of filing an appeal at the Supreme Court against the MRTPC order. MRTPC’s findings are baseless and we need to establish that," said an executive of a leading cement company that has been found g... |
Readymix warns on 2007 op profit as market slows06 February 2008, Published under Cement NewsIrish cement supplier Readymix warned on Tuesday that operating profit before non-recurring items in 2007 is expected to be substantially below market expectations. In August Readymix posted a 50 per cent drop in operating profit for the first six months of 2007, pressured by a slowdown in Ireland’s housing sector. An end to Ireland’s decade-long property boom, when house prices quadrupled, is expected to lead to a sharp cooling in house building this year, which in turn is set to ... |
Polish building materials prices to increase06 February 2008, Published under Cement NewsPolish building materials’ experts forecast prices will gain between 7 and 10 per cent this year. Still, there should not be any such shocks as the 200-per cent growth in brick prices within three months witnessed last year, they predict. Cement prices rose 19 per cent last year but Jan Deja, head of association of cement producers, claims that price speculation is unlikely as the wholesalers may be afraid of competitive imports. However, Lafarge Cement said that increases are inevitable d... |