Cement News tagged under: international
Belarus production up 10 per cent in first 10 months of 200720 November 2007, Published under Cement NewsBelarus cement production in the first 10 months of 2007 totaled more than 3.2Mt, 10 per cent higher than in the same period in 2006, reported the Ministry of Statistics and Analysis. October’s cement output amounted to 341,100t, six per cent more than in October 2006. The production of building materials in the first 10 months of 2007 reportedly totaled 2,589.4 billion rubels in terms of value, a 12.1 per cent YoY increase. |
Raysut Cement Company reports OMR19.69m profit rise20 November 2007, Published under Cement NewsRaysut Cement Company (RCC) reported a net profit of OMR19.69m as against OMR 15.68m registered during the same period in 2006, an upsurge of 25.6 per cent. The growth resulted from a 418 per cent climb in domestic sales volume and a substantial rise in the selling price of cement per tonne. The companys sales revenue moved up by 19 per cent to OMR43.34m from OMR36.43m, while earnings per share stood higher at OMR0.098 as against OMR0.078 for the year ago period. RCCs net profit margin b... |
Mozambique agreement on cement factory19 November 2007, Published under Cement NewsThe government of the southern Mozambican province of Inhambane on Thursday signed a memorandum of understanding with the Indian company Aar Ess Exim Pvt Ltd, for the building of a cement factory in the locality of Pambara. The factory, budgeted at more than US$65m, would be able to produce 1000tpd, and would employ around 250 workers. Construction is scheduled to begin next year, and the factory should start operating by late 2009. That, however, depends on the viability stud... |
Cement prices likely to increase from January, India19 November 2007, Published under Cement NewsCement prices are expected to remain constant next month and will start picking up from January onward, traditionally the busiest season for construction activity, a top industry analyst said. "Dealers across the country expect cement prices to remain constant during the next couple of months and anticipate its prices to pick up from January, which is the busiest season for construction activity," brokerage firm Sharekhan Ltd’s Senior Vice President Sandeep Nanda said. "Any such pri... |
Azerbaijan produces over 1.5Mt of cement in January19 November 2007, Published under Cement NewsFor January-October 2007, as much as 1.508Mt of cement was produced in Azerbaijan, an increase of 9.5% from January-October 2006. Garadagh Cement is the chief producer of cement locally; it is capable of putting out 1-1.4Mta of cement , which is good to meet 50 per cent of national demand. Last year’s production reached 1,554Mt being merely 0.1% up on the year before; still, this is the highest mark achieved in Azerbaijan so far. By the way, the Government is looking at options to ... |
Cement Consumption in Spain up 1.28 per cent YoY Jan-Oct 200719 November 2007, Published under Cement NewsCement consumption in Spain rose by 1.28 per cent YoY to 47.7Mt in the first 10 months of 2007, the Spanish cement makers association Oficemen said on November 16. Cement output in Spain totalled some 46Mt, increasing by 1.6 per cent. Spanish cement imports continued growing, standing at 11.6Mt, up 8.9 per cent. Exports went on decreasing by 8.4 per cent to 892,974t. The main destination for the Spanish cement were the EU countries. Cement consumption in October 2007 alone rose by ... |
Growing inflation will increase cement prices by 12 per cent, Sri Lanka19 November 2007, Published under Cement NewsCement prices will increase by 12 per cent by the end of next year if the present inflation continues, said CEO and Managing Director Holcim (Lanka) Ltd. Peter Spirig. He said the staggering inflation in the country is the primary challenge for the construction industry which has been badly affected due to the low purchasing power of consumers. "The construction sector was growing steadily during the past two years but that trend has changed over the last six months due to the growing infl... |
13 cement firms in fray for joint venture with SAIL, India19 November 2007, Published under Cement NewsThirteen cement companies, including two foreign firms, have evinced interest in entering into a joint venture with Steel Authority of India (SAIL) for a slag cement plant at Rourkela. Without divulging names, sources said, the foreign companies had not indicated that they were currently present in India. The partner for the project was likely to be selected by February 2008. The companies’ interest was in response to Steel Authority of India ’s memorandum seeking expression of interest.... |
Saudi Arabian Cement Co subsidiary to acquire Jordan Ready Mix Concrete19 November 2007, Published under Cement NewsArabian Cement Bahrain, a subsidiary of Saudi cement producer Arabian Cement Company (ACC), has signed a memorandum of understanding with Jordan sector company Ready Mix Concrete and Construction Supplies (RMCCS), under which Arabian Cement Bahrain will acquire a 36 per cent stake in RMCCS for SAR143m (US$38.3m), it was reported on November 19, 2007. Some 60 pct of the funds for the acquisition will come as a loan and the remaining will be own financing. No further details regard... |
Price for cement may exceed RUB10,000/t19 November 2007, Published under Cement NewsThe price for cement may exceed RUB10,000/t by the end of this year, the president of the Russian Association of Builders, Nikolai Koshman, said at the international construction and investment forum. The prices rose 140 percent this year, and even more in some regions, Koshman noted, adding that the association made a statement that such a price rise jeopardized national interests. Prime-Tass cited the director of the concrete production network management, Viktor Gubanov, as sayin... |