Cement News tagged under: international
CRH confirms China purchase30 January 2008, Published under Cement NewsIrish-based CRH confirms that it has signed an agreement with Shanghai-listed Jilin Yatai Group whereby CRH will acquire a 26 per cent shareholding in Jilin Yatai Group’s cement operations (Yatai Cement) and partly finance a doubling of production capacity, for a total CRH investment of RMB 2.1 billion (Euro 200m). The agreement also includes an option for CRH to increase its holding in Yatai Cement to 49% by acquiring a further 23% shareholding at an agreed formula after 4 years. The agreem... |
New plant for Vietnam underway30 January 2008, Published under Cement NewsCosevco Joint Stock Company No. 6 has started to build a new 300,000tpa cement kiln line for Ang Son cement in Quang Ninh district, central Quang Binh province on January 24. The 472.6 billion VND plant, with daily capacity of 1000 tonnes of clinker, is equipped with Chinese imported equipment meeting European standard. The plant is capable of producing Vietnamese standard cement including packed porland cement PCB-30 and PCB-40, bulk cement and clinker. |
Segezha Packaging to acquire Isiklar sack plant30 January 2008, Published under Cement NewsSegezha Packaging Limited, a paper sack manufacturer, has entered into an agreement to acquire the cement sack operations, with 2 sack plants in Izmir and Elazig, Turkey, and a combined production capacity of 300M paper sacks per annum, of Isiklar Ambalaj, a manufacturer of industrial paper sacks. |
Eurocement Group may construct Lipetsk plant30 January 2008, Published under Cement NewsRussia’s Eurocement Group is considering the special economic zone (OEZ) Lipetsk as a site for the construction of a factory to produce cement equipment. CEO Filaret Galchev said that the company is going to be engaged in building a new works designed to output four cement lines per year. The company is planning to launch the project in spring 2008 and this would now represent the only factory in Russia capable of producing such equipment. |
Cemex 4Q net profit US$538m Vs US$377m29 January 2008, Published under Cement NewsCemex reported higher fourth-quarter sales and net profit Monday as the acquisition of Australia’s Rinker more than compensated a slowdown in the US residential construction market. Monterrey-based Cemex said in a press release that its net profit rose to US$538 million, or US $0.72 per American depositary receipt, from US $377m or US $0.52 per ADR in the year-ago quarter, helped by monetary and financial gains. Sales were up 30% at US$5.8bn, while EBITDA, rose 18% to US$1... |
Thai TPI Polene Q4 earnings below forecasts29 January 2008, Published under Cement NewsTPI Polene (TPIPL), Thailand’s third largest cement firm, said on Tuesday its fourth quarter net profit fell almost half, far below analyst forecasts. TPIPL’s October-December net profit fell to THB294m (US$8.90m) from THB 572m a year earlier, the company said in a statement. The quarterly profit was below the THB 449m net profit of the third quarter and a fourth quarter forecast of THB 600m by four analysts polled by Reuters Estimates. The firm gave no details of the ... |
Vietnam Quang Binh to get new cement plant29 January 2008, Published under Cement NewsThe Covesco Joint Stock Company No.6 broke ground on the construction of Ang Son cement plant in Quang Ninh District in the central province of Quang Binh on Thursday. The VND472.6bn (US$29.53m) plant will have a daily capacity of 1000t of clinker. The company expects the plant to be completed two years from now. |
Vicat 2007 revenue Up 2.6 per cent29 January 2008, Published under Cement NewsFrench building materials group Vicat SA closed 2007 with a revenue of EUR2.13bn (US$3.12bn), up by 2.6 per cent YoY, in line with the company’s expectations. At a constant scope of consolidation the revenue moved up by 4.3 per cent, Vicat said. Throughout the year, the best performing business was the cement activity which registered a sales growth of 7.5 per cent despite the difficult situation on the North American market. In 2007, Vicat continued implementing its external g... |
Prosperity Minerals sees FY net profit at least 20 per cent above market expectations29 January 2008, Published under Cement NewsProsperity Minerals Holdings Ltd, a cement manufacturer and iron ore trader in China, said it expects its net profit for the year ending March 31 will be at least 20 per cent ahead of current market expectations. Both the cement and iron ore divisions benefited from strong demand, the company said. The company added that iron ore trading shipments from Asia increased from the same period last year which, in turn, enhanced overall profit margins. Iron ore shipments rose 74 pct from ... |
Cement production in Bolivia up 6.25%29 January 2008, Published under Cement NewsProduction of cement in Bolivia increased 6.25% from January to November 2007 when compared to same period in 2006, said INE. During the period, production of cement totaled 1.5Mt. In same period in 2006, production reached 1.49Mt. Production was driven by the cement plants located in Chuquisaca, Cochabamba, Tarija and Santa Cruz. During the period Chuquisaca accounted for 23.8% of total production followed by La Paz with 22.6%, Cochabamba with 21%, Santa Cruz with 18.3%, Tarija with 7.6%... |