Cement News tagged under: international
Outlook: Buzzi Unicem FY revenues may rise 10% on Eastern Europe05 February 2008, Published under Cement NewsBuzzi Unicem SpA is expected to show an up to 10 per cent rise in full-year revenues when it reports its preliminary results on Friday, driven by continued strength in eastern Europe, analysts said. Revenues are seen rising to 3.472 bln eur from 3.205 bln in 2006, according to an average of estimates from six analysts, whose forecasts range between 3.385-3.516 bln eur. Figures for net and operating profits will be disclosed with the final report on March 27. A UBS analyst said the ... |
Shree Cement Jan shipments up 41 per cent YoY05 February 2008, Published under Cement NewsShree Cement Ltd said on Monday its January shipments rose 40.59 per cent to 5.8Mt from 4.09Mt a year earlier. Total shipments between April 2007 to January 2008 rose 24.8 per cent to 4.93Mt from 3.95Mt in the same period a year ago, the company said in a statement. The cement maker has a capacity to produce 8Mta of cement at its plant in the northern state of Rajasthan. |
Outlook: Italcementi FY revenues to rise on emerging markets04 February 2008, Published under Cement NewsItalcementi SpA is expected to show a slight rise in full-year revenues when it reports its preliminary results this evening, as a strong performance in emerging markets should have more than offset weakness in North America, analysts said. Revenues are seen rising to EUR6.096bn from EUR5.854bn a year earlier, according to an average of estimates from seven analysts. Figures for net and operating profits are due to be disclosed with the final report on March 6. Analysts said no co... |
Holcim firming up strategy to tap rural market in India04 February 2008, Published under Cement NewsHolcim is firming up a plan to tap India’s rural markets and hopes to achieve a "substantial shift" in revenues from this market in the next 3-5 years. The Swiss major, which controls India’s largest cement maker ACC and Ambuja Cement, has mandated the National Council for Applied Economic Research (NCAER), a Delhi-based poilcy research organisation, to conduct a comprehensive study on rural housing in India. The report will also review the existing policies and programmes of the govern... |
Pakistan cement sales up 22 per cent July-Jan04 February 2008, Published under Cement NewsPakistan cement sales increased 22 per cent in the first seven months of the 2007/08 fiscal year compared with the previous year on growing construction demand at home and abroad, an industry official said on Monday. Sales were 16.2Mt for the seven months to the end of January compared with 13.28Mt in the same period the previous year, said Shahzad Ahmed, secretary-general of the All Pakistan Cement Manufacturers Association Pvt Ltd. Pakistan’s financial year runs from the beginni... |
PPC says it expects to finalise empowerment deal by March, South Africa04 February 2008, Published under Cement NewsAt a recent shareholder meeting, cement company PPC said it hopes to finalise its empowerment deal by March. Last year the company had had to import 5% of its cement from China and Zimbabwe to meet growing domestic demand but such growth could not continue indefinitely, and sales slowed to 6.6% last year. This year experts are predicting a 5% increase in demand, but PPC’s share price has shed 10% in the past month admittedly amid market carnage. Chairman Martin Shaw appeared unfluster... |
Lafarge Ciments to invest EUR20m in grinding facility04 February 2008, Published under Cement NewsLafarge Ciments said it will invest EUR20m in its facility in Brest, northwestern France, according to local press reports. Located at the Brest Port, the cement grinding unit will be expanded as the group plans to raise output from 150,000tpa to 300,000tpa. The investment programme is subject to approval by the competent authorities and environmental protection bodies. |
Northern Osetiya and UMMC start construction of new plant, Russia01 February 2008, Published under Cement NewsThe ceremony of laying the first stone for Alagir Cement Plant is scheduled for today, February 1. The new plant will be built under the agreement reached by the Northern Osetiya’s Government and Ural Mining and Metallurgical Company UMMC. Investments into the project are estimated at RUR5.8bn, the plant’s projected capacity is 1.5Mt. |
Birla Corp net sees increase of 11.84 per cent01 February 2008, Published under Cement NewsBirla Corporation, the flagship company of the MP Birla group, has reported a net profit of INR106.40 crore in the quarter ended December 31, 2007, an increase of 11.84 per cent over the same period last year. Operating profit increased 10 per cent to INR150 crore. Gross turnover stood at INR497.86 crore, an increase of 7.2 per cent. Turnover for nine months was at INR1,433.64 crore, an increase of 11.8 per cent and net profit during the period was at INR307.01 crore, an increase of 36.... |
India’s ACC FY08 net up 16.78 per cent01 February 2008, Published under Cement NewsCement maker, ACC Ltd, today said its net profit has increased 16.78 per cent to INR1,438.59 crore for the year ended December 31, 2007 as compared to INR1,231.84 crore during the previous fiscal. Total income also witnessed a hike of 20.03 per cent to INR7,135.97 crore for FY08 as against INR5,945.13 crore for FY07. The Group has posted a net profit of INR1,427.34 crore for the year ended December 31, 2007 as compared to INR1,239.6 crore for the year ended December 31, 2006, an i... |