Cement News tagged under: international
Portland changes name to Lafarge Cement Malawi29 January 2008, Published under Cement NewsLafarge Portland Cement Friday announced it has changed its name to Lafarge Cement Malawi migrating to the company’s global brand. Announcement the change at a press briefing in Blantyre Managing Director Sjoerd Grueter said the move is a sign of growing commitment and confidence by the Lafarge group in Malawi. “The decision to change the name was made last year and it is exciting to local management since it means that there would be introduction of other international products and we wou... |
Taiwan cement firms in Mainland China expect to see bright outlook28 January 2008, Published under Cement NewsThanks to the implementation of electric power rationing, cement prices in Guangdong Province of mainland China will continue stay at a high level even after the Lunar New Year holidays which fall in the beginning of February, which will benefit domestic cement firms operating in southern China region, including Taiwan Cement Corp., Universal Cement Corp. and Goldsun Development & Construction Corp. The cement price rose to a high of CNY410/t in the beginning of January and since that ... |
Mangalam Cement net up 26% for Dec 2007 quarter28 January 2008, Published under Cement NewsMangalam Cement reported 26.04% increase in net profit to Rs 257.45m for the quarter ended December 2007 as compared with Rs 204.26m in the corresponding quarter, last fiscal. Net sales for the quarter rose 6.73% to Rs 1,192.56m as against Rs 1,117.34m in the same quarter, a year ago. Total income for the quarter surged 7.82% to Rs 1,209.54m from Rs 1,121.84m in the corresponding quarter, a year ago. The earnings per share (EPS) surged 26% to Rs 9.11 for the quarter ended December 2007. ... |
Dalmia Cement Q3 net rises 74%28 January 2008, Published under Cement NewsRiding on a stable demand, Dalmia Cement (Bharat) Ltd today reported a 73.57 per cent jump in its profit after tax at INR112.54 crore for the quarter ended December 31, 2007 as compared to INR64.84 crore for the same period previous year. It also registered an increase of 58.96 per cent in its total income at INR458.54 crore in the third quarter of the current fiscal against INR288.46 crore in the corresponding period a year ago. "Despite a monsoon season, the cement demand was qu... |
Construction of three new cement plants to kick off in Belarus this year28 January 2008, Published under Cement NewsThe construction of three new cement plants will kick off in Belarus this year, Construction Minister Alyaksandr Selyaznyow said at the ministry’s board meeting in Minsk on January 25. The plants, which will have an annual output capacity of 1.8Mt each, are scheduled to be put into operation by April 2010. “A contract with the Chinese has already been signed regarding the construction of one of the plants and they need to get down to work in February,” Mr. Selyaznyow said. The minister... |
Azerbaijan output reaches 1.778Mt in 200728 January 2008, Published under Cement NewsAzerbaijan cement production reached 1.778Mt representing an increase of 10.6% compared with 2006. Garadagh Cement is the main local producer and has an annual capacity of 1-1.4Mt of cement, which is good enough to meet 50% of the domestic demand. The rest is imported. The 2006 domestic production of cement equalled 1.554Mt being merely 0.1% up on 2005. Yet, this remains to be the record mark for Azerbaijan. The Azeri government muses on creating new cement plants in the country... |
Turkey’s Unye plans TRY 13.5m investment this year28 January 2008, Published under Cement NewsCement producer Unye Cimento unveiled its investment plans, production and revenue targets for this year with a statement issued to the Istanbul Stock Exchange. The company plans TRY 13.5m investment and targets TRY 233m sales revenue. Unye Cimento projects 1.5Mt of clinker and 1.8Mt of cement production and domestic clinker and cement sales are expected to be 80,000t and 1.2Mt, respectively. The company plans 80,000t of clinker and 0.6Mt of cement exports this year. |
Slowing demand in South Africa28 January 2008, Published under Cement NewsPretoria Portland Cement (PPC) said its overall results were in line with forecasts, despite slower demand in cement and Eskom's rolling power cuts. "Overall our results are in line with our expectations, and we continue to look forward to a year of improved earnings and continued strong cash flows," a spokesman for the group said in a note to the Johannesburg Stock Exchange. Although cement demand slowed during the first quarter, it still expected regional demand to reflect positive growt... |
Taiwan’s Asia Cement adds capacity in China25 January 2008, Published under Cement NewsAsia Cement Corp , Taiwan’s second largest cement producer, said it is building new plants to meet rising demand in China but has no plans to add to its capacity at home. "Our plants’ annual capacity on the mainland is estimated to reach about 14Mt by the end of this year and grow to about 16Mt by the end of 2009," vice president WK Chou said in an interview with XFN-Asia. Its mainland production capacity was 8.5Mt last year, all of which was shipped. "Given the economic situati... |
Thailand’s Siam Cement (SCC): 4Q07 earnings better than expected25 January 2008, Published under Cement NewsSCC announced a 4Q07 net profit of Bt5.8bn, up 23.5% YoY but down 23.5% QoQ. Stripping out extra gain, normalised profit was Bt5.7bn, down 2.3% YoY but up 1.6% QoQ. The results were 10-14% higher than expectation and market consensus due to i) higher-than-expected paper earnings following an adjustment to the selling price of paper and improved sales volume, ii) sale of assets of around Bt500m recorded in other income item. Cement EBITDA from operation was Bt2.2bn, down 15.5% YoY and 10... |