Cement News tagged under: international
Indonesia’s Semen Gresik sees net profit up 31 per cent this year02 January 2008, Published under Cement NewsIndonesian cement maker PT Semen Gresik is expecting net profit to increase by about 31 per cent to 1.7 trillion rupiah this year, helped by higher sales and improved cost efficiencies, the company’s deputy president Rudiantara said late Thursday. Earnings before interest, tax, depreciation and amortization (EBITDA) is expected to rise to 2.85 trillion rupiah from 2.2 trillion a year before. In the first nine months, Semen Gresik, the largest cement maker by sales volume, made ne... |
Buzzi Unicem concludes acquisition of stakes in Algerian companies02 January 2008, Published under Cement NewsBuzzi Unicem SpA has concluded a contract for the acquisition of 35 per cent stakes in two Algerian companies, which respectively own the cement plants of Hadjar Soud and Sur El Ghozlane. On June 21, 2006, Buzzi Unicem won the bid for the acquisition of the stakes in the two companies. Buzzi Unicem will pay a total EUR110m. The Algerian Government will keep the ownership of the remaining 65 per cent of the share capital. According to the contract, Buzzi Unicem will have responsib... |
Azerbaijan Investment Company and Holcim are completing Garadagh share deal02 January 2008, Published under Cement NewsThe realisation of memorandum between Holcim and Azerbaijan Investment Company (AIC) on introduction of Azerbaijan Investment Company (AIC) into Garadagh Cement is being completed. Anar Akhundov, AIC Chief Executive, informed Fineko/abc.az that AIC has already received sale-purchase agreement from Holcim and hopes to sign it in January. “We have reached consensus with Garadagh Cement shareholders on acquiring 10% of the stake. At the first session of Supervisory Board in 2008 w... |
Vietnam Cement Corp to stabilise cement prices02 January 2008, Published under Cement NewsThe Ministry of Construction has requested Vietnam Cement Corporation take measures to stabilise cement prices to avoid shocks for construction developers, state-run Vnexpress said. The ministry asked cement companies to develop business and distribution networks in order to reduce costs. “Vietnam Cement Corporation must coordinate with clinker importers to know well monthly imported volume to ensure cement amount to be produced for each region,” the ministry instructed. Local... |
Cement production grows 4.7% YoY in Jan-Sep02 January 2008, Published under Cement NewsCement production increased by 4.7% YoY in Jan-Sep and reached 37.9Mt, according to data of the Turkish cement manufacturers’ association (TCMB). Cement sales rose by 5% y/y to 33.4Mt in the same period. Cement exports rose by 3.25% YoY to 4.5Mt. Clinker production increased 8.4% YoY to 30.8Mt in Jan-Sep. Most of the cement production took place in the Marmara region with 11.5Mt that is followed by the Central Anatolian region where 6.4Mt of cement were produced, data of the TCMB also ... |
Eurocement signs credit line agreement with BNP Paribas syndicate02 January 2008, Published under Cement NewsEurocement Group has signed a credit line agreement to the amount of EUR140m for 10 years with BNP Paribas, acting as the lead-manager of the syndicate composed of Danske Bank, Nordea Bank and HSBC. The funds are supposed to finance the construction of a cement works in the Voronezh region. The works will be put into operation in 2010. Investments in the project will exceed 15 billion rubles. |
Builders say automatic price mechanism will raise costs, Malaysia02 January 2008, Published under Cement NewsTwo bodies representing builders are worried that the automatic price mechanism (APM) for setting cement prices, due to take effect today, would further increase their cost burden and in turn affect new property launches. The Real Estate and Housing Developers Association of Malaysia (Rehda) and Master Builders Association Malaysia (MBAM) said in joint statement that “any attempt to further increase the price of cement will definitely affect project costs. Inevitably, this will result in u... |
Taiwan Lucky Cement builds a cement plant in Hebei02 January 2008, Published under Cement NewsTaiwan’s Lucky Cement Corporation plans to invest RMB3 billion to build a cement plant in Handan city’s Cixian county in the province of Hebei. Lucky Cement and the city of Handan recently signed the contract. Phase One investment is RMB1 billion. The plant will make use of the rich energy resource, coal ore and power plant by-products of cinders nearby to make green and clean cement. The plant will make clean cement 10Mta. The RMB1 billion phase one investment will make clean cement 2.5Mta.... |
Marginal increase in cement prices likely, India02 January 2008, Published under Cement NewsCement prices may see a marginal hike next year despite input costs going up, say industry executives and analysts. This is because of new capacities coming on stream and also government’s unwillingness to accept a higher inflation rate close to general elections slated for mid-2009. The average cement price, which at present is around Rs 241, moved up 7% in 2007. The hike is expected to be lesser next year. "The government’s close watch on cement prices is likely to restrict pricing po... |
China Resources enhances cement output in Nanning02 January 2008, Published under Cement NewsChina Resources Cement (Nanning) Limited, a subsidiary of China Resources (Holdings) Co., Ltd., commenced the operation of its first production line in Nanning city in Guangxi Zhuang Autonomous Region on December 26, 2007. The production line engages new dry-process cement production with a daily capacity of 4,000t. The second production line has also started a construction work in December. The cement plant in Nanning, involving a total investment value of RMB1.35 billion, anticipates its ... |