Cement News tagged under: international
Indian companies’ margins under pressure06 February 2008, Published under Cement NewsConstruction activity has hit rough weather especially in the north of India, taking its toll on cement demand, according to local press report. Even as cement makers are struggling to cope with spiralling costs, the lacklustre demand is now forcing them to put off price increases. Earlier, the cement companies have announced price hikes between Rs 5-7/bag in northern markets over the weekend. But the price increase failed to take off due to sluggish demand. The prices in the western and ... |
Bush proposes cut in FY09 highways programme06 February 2008, Published under Cement NewsIn the proposed budget for FY09 (fiscal year starts in October) the Bush Administration has set highway funding at US$39.4bn, which is US$1.8bn (c.4%) short of the proposal under SAFETEA-LU (the current multi-year highway programme) and the level enacted in FY08. There were some fears that the cut could have been more severe given the state of the highway trust fund. However, this level of funding is supported by a transfer of $3.2bn from the highway trust fund’s mass transit account to t... |
Italcementi 2007 revenue up 4.2% on improved sales05 February 2008, Published under Cement NewsItalcementi SpA said late Monday its full-year 2007 revenue rose 4.2%, thanks to improved sales and the consolidation of operations in India as well as new acquisitions. In a statement sent to the Italian stock exchange, the company said its 2007 revenue increased to EUR6.1bn from EUR5.85bn the year before. Full-year sales in western Europe rose 2.8 per cent to EUR3.766bn and fell 8.2 per cent to EUR605.7m in North America, while sales in eastern Europe and the Mediterranean area r... |
CNBM invests RMB 33bn in cement industry05 February 2008, Published under Cement NewsChina National Building Materials (CNBM), China’s biggest building materials manufacturer, has set its sights on leading the regional cement markets in southern China and the Huaihai area by investing RMB 33.3bn to lift annual cement output to 174Mt by next year from just 11Mt in 2006. Earlier, Morgan Stanley had predicted CNBM will triple its capacity by 2010 and it expects CNBM’s cement operating margin, which is now 4% below that of industrial leader Anhui Conch, to gradually close the... |
ACC Jan cement production 1.67Mt vs 1.66Mt a year ago05 February 2008, Published under Cement NewsACC Ltd said its cement production for the month of January 2008 is 1.67Mt, up from 1.66Mt in the previous year. The Indian cement company said its cement sales for the month rose to 1.68Mt from 1.67Mt in the previous year. |
Nigeria: Lagos sees cement prices rise over last week05 February 2008, Published under Cement NewsPrices of cement have notably increased in the Lagos market, according to a survey by Daily Trust market over the past week. This may not be unconnected to the granting of provisional license to some cement manufacturers and stakeholders for importation of bulk cement towards bagging it in the country, this paper has learnt. Before the announcement by the Federal Government through the Ministry of Commerce and Industry, prices of bagged cement, (Dangote Cement and the West Africa Portland C... |
Dalmia Cement Jan shipments at 259,000t05 February 2008, Published under Cement NewsDalmia Cement (Bharat) Ltd said its January cement shipments rose 5.7 per cent to 259,000t from 245,000t a year earlier. Production in January rose 6.6 per cent to 275,000t from 258,000t a year ago. Its total shipments and production in April-January rose more than a quarter to 2.7Mt each, the company said in a statement. |
Shiva Cement sales rise 15.4% in Jan 200805 February 2008, Published under Cement NewsShiva Cement said that the sales of cement and clinker for the month of January 2008, rose by 15.4% as compared to January, 2007. During the quarter ended December 2007, the sales of cement and clinker was up by 10.62%, compared with the quarter ended December 2006. Shiva Cement is a Rourkela-based cement company. The company has its plants located at Kalunga and Sundargarh in Orissa. The company has a combined installed capacity of 177,000tpa. |
Gulf Cement mulls higher stake for non-Qataris05 February 2008, Published under Cement NewsQatar producer Gulf Cement is considering a higher 49% stake for non-Qatari investors, the third listed entity to make such a move. The cement manufacturer, whose production capacity is 5000tpd, would be convening its ordinary and the extra ordinary general assembly meeting on February 17 to discuss the 49% stake for non-Qatari investors, according to Gulf Cement’s statement to the Doha Securities Market. The move follows Masraf Al Rayan and United Development Company, which received appro... |
Pakistan exports to India could increase05 February 2008, Published under Cement NewsCement exports in January hit a record high of 618,000t breaking the previous record of 575,000t shipped out in August 2007 data available with the research department of a brokerage house revealed. As per the data compiled by the JS Global research, January 2008 cement exports have increased by a massive 152 per cent on YoY basis and by 60 per cent when compared to December 2007. On the other hand, local dispatches stood at 1.6Mt in January 2008 down by 13 per cent compared to January 2007... |