Cement News tagged under: international
Pakistan cement co earnings may rise by 89 per cent in 2Q0825 January 2008, Published under Cement NewsEarnings of the Pakistan cement sector would grow by 89 per cent on YoY basis in the second half of the current fiscal, said Muhammad Rehan Khan, analyst at First Capital Research has said. This will translate into a full year growth of 19 per cent during fiscal year 2007-08 as against 2006-07, he said in his report on cement sector’s profitability on Thursday. The profitability of the sector is likely to grow by 22 per cent annually in next five years. The volumetric sales are likely to ... |
Turkey’s Cimsa sees 2008 revenue of US$500m24 January 2008, Published under Cement NewsCimsa, Turkey’s third-largest cement producer, expects revenue of US$500m this year after hitting sales targets in 2007, the company’s general manager told Reuters. The company, a unit of Sabanci Holding , expects 2007 revenue of TRY500m (US$418m) although it had posted lower-than-expected profits in the first nine months as spiralling fuel costs dented margins in the cement sector. The company, which has a market capitalisation of US$978m, also expects US$145m in earnings before in... |
Indonesia concerns over cement shortage by 201224 January 2008, Published under Cement NewsDue to the country’s increasing demand for cement, the Indonesian government predicts the country could suffer a cement shortage of up to 1.8Mt in 2012. "The number is derived from the projected demand and supply of cement in the next four years, assuming the country’s average growth and inflation rate are 6.5 and 7 per cent, respectively," deputy minister to the State Minister for State Enterprises, Roes Aryawijaya, said Wednesday. He was speaking after a hearing with House of Repre... |
Indian cement firms go global24 January 2008, Published under Cement NewsIndian cement companies are now venturing out of the country to diversify their markets and the Middle East has emerged as a preferred destination for the companies. JK Cement and Binani Cement are in advanced talks to set up their units in the region. Unconfirmed market reports suggest that Jaiprakash Associates, a leading north-based cement firm, had also chalked out plans to enter the Middle East market.Tax incentives, export potential, mines and good infrastructure in the region ar... |
OCI/Lafarge transaction completion24 January 2008, Published under Cement NewsLafarge and Orascom Construction Industries have today completed the acquisition of Orascom Cement by Lafarge, announced on December 10, 2007. Lafarge now owns 100% of Orascom Cement. The reserved capital increase approved at the Lafarge shareholders’ meeting on January 18 will be carried out by the end of the first quarter 2008. This follows the announcement for the divestment of the Cement Group dated 10 December 2007 |
Poland cement trust investigation slowly moving forward24 January 2008, Published under Cement NewsAnti-trust proceedings instigated by the Consumer and Competition Protection Office (UOKiK) against cement companies are taking longer than initially planned. According to unofficial sources, the conclusion of the investigation has been postponed to 2 March 2008 (it started in spring 2006). "In theory, proceedings should be over in six months, but conspiracies are very hard to prove. It is not uncommon for the investigation to take this long. More so, as we have collected a lot of evidence... |
Ethiopia: 1.4 bn Birr cement project launched24 January 2008, Published under Cement NewsThe 1.4 billion Birr cement expansion project launched by Muger Cement Enterprise with an objective of minimising the growing shortage of cement in Ethiopia would begin production by in March 2009, Enterprise Acting General Manager said. In an interview with ENA on Monday, the Acting General Manager, Mekonnen Zergaw said the construction of the project would enable the Enterprise to increase its existing production capacity of 870,000t to 1.4Mta, a 150 per cent increment. He said 17 per ce... |
Indian nine month sales up 10 per cent24 January 2008, Published under Cement NewsThe Indian cement industry continued to maintain its steady growth of 10% in sales for the nine-month period between April-December 2007. Led by southern and northern states, the cement despatches during the period went up to 121Mt as against 112Mt during the same period last fiscal. This is despite there has been a sizeable addition of nearly 7Mt during the said period. Led by Gujarat with a growth of 18%, the western region has reported a growth of 16% in despatches during the nine-month ... |
Dangote considers Ugandan investment24 January 2008, Published under Cement NewsNigerian conglomerate Dangote Industries Ltd, with its annual turnover in excess of US$1.4bn, - has expressed intentions to invest in Uganda’s cement industry. Dangote’s president, Aliko Da was very much interested to participate in this fast-growing marketplace. Chairman of the UIA Patrick Bitature said once the Dangote’s deal is signed, it would boost the production of cement cutting down on the country’s huge annual import bill as well as create new jobs. Aliko Dangote explained that w... |
Siam Cement to invest up to THB65B During 2008-201023 January 2008, Published under Cement NewsSiam Cement PCL, Thailand’s largest industrial conglomerate by revenue, plans to invest up to THB65bn (US$2bn) between 2008 and 2010, Chief Financial Officer Roongrote Rangsiyopash said Wednesday. The planned investments will expand its cement, petrochemical, and paper businesses at home and overseas, Roongrote told reporters. Of the total, about THB35 billion to THB40 billion will be for 2008. The company plans to spend THB15 billion and THB10 billion in 2009 and 2010 respectively... |