Cement News tagged under: international
Strike threat looms over Carib Cement14 November 2007, Published under Cement NewsCarib Cement Rockfort plant. The threat of strike action now hangs over Caribbean Cement Company Limited. The National Workers Union (NWU) has called a press conference for Tuesday morning to announce a 72-hour ultimatum on the company. According to NWU Deputy Island Supervisor, Danny Roberts, Caribbean Cement has not responded to concerns raised that its plant modernisation programme could result in job losses. Mr. Roberts on Monday night warned there could be a work stoppage at the comp... |
Indonesia’s Semen Padang mulls plan for new cement plant14 November 2007, Published under Cement NewsPT Semen Padang, a unit of Indonesia’s largest cement producer, PT Semen Gresik, is considering building a new cement plant with a production capacity of 2.5Mta, Semen Padang finance director Epriliyono Budi said. "We’re considering building a new cement plant to anticipate rising cement demand in the Sumatra island area," Budi told a hearing at the lower house of parliament late Tuesday. The company is conducting a feasibility study, Budi said. A preliminary study indicates t... |
Cimpor 9-month net seen lower on higher debt but revenue seen increasing13 November 2007, Published under Cement NewsCimpor’s nine-months’ to September net profit is seen slightly lower on higher debt, while revenue is seen increasing due to strong demand in emerging-market countries where the cement maker is present. Nine-month net profit is seen at EUR207m at BES, EUR209m at Banco BPI and EUR212m at Lisbon Brokers, compared with EUR214m in the same period last year. Analysts said they see a higher debt burden taking its toll on financial charges. Additionally, last year, Cimpor benefited from t... |
Turkish Akcansa Posts $136.5 Mln Net Profit Jan-Sept 200713 November 2007, Published under Cement NewsTurkish cement producer Akcansa posted a net profit of 165 mln Turkish lira (US$136.5m) in the first nine months of 2007. Akcansa registered a net profit of 133.7 mln lira ($110.6 mln/75.8 mln euro) in the same period of 2006 The pre-tax profit of the company stood at 192 mln lira ($158.8 mln/108.8 mln euro) in the nine months of 2007. Akcansa boosted its sales by 25.6 per cent YoY to 53m lira (US$445m). The company added it was planning to launch its Canakkale plant, north... |
Finland: Shortage of cement causes plant stoppages13 November 2007, Published under Cement NewsIn spite of promises by Finnish cement producer Finnsementti, the shortage of cement has not eased in Finland. The concrete block plant of concrete product manufacturer HB-Betoniteollisuus in Jyväskylä, in Finland, was closed on 9 November 2007 as no cement was available. The stoppage is the company’s fourth in week 45 of 2007. According to HB-Betoniteollisuus, also other plants have held stoppages causing significant financial losses. If the situation is not remedied, a competing cemen... |
Egypt’s South Valley Cement to launch rights issue13 November 2007, Published under Cement NewsEgypt’s South Valley Cement announced a one-for-two rights issue which will increase the company’s capital 50 per cent to E£2.22bn (US$403.3m), the company said. Existing shareholders will be able to subscribe to the new shares at the nominal value of £E5 a share, with no issuing fee or premium, it said in a statement. It did not give the date on which shareholders must hold shares in order to qualify. Around two weeks ago South Valley Cement reported a 323 per cent rise in net pro... |
Indian cement firms take alternative energy route13 November 2007, Published under Cement NewsWith crude oil prices at historical highs coupled with rising costs of coal, domestic cement companies are looking at alternate sources of energy for their upcoming captive power plants (CCP). Since cement manufacturing is a highly energy intensive process and dependence on captive power is fast rising, analysts believe such initiatives will help cap the increasing input costs. ACC, the country’s largest cement maker, has outlined plans for biodiesel production through a drive for jatrop... |
Semen Gresik 10-Month Sales Volume Up 3.1% At 13.93Mt13 November 2007, Published under Cement NewsPT Semen Gresik Tuesday said its cement sales in the first 10 months of this year rose 3.1% on year to 13.93Mt, driven by growth in both domestic and export demand. Indonesia’s largest cement maker said domestic sales rose 1.9% to 12.34Mt, while exports rose 14% to 1.6Mt. Gresik didn’t provide a reason for its improved performance. According to data from Indonesia’s cement producers’ association, domestic sales in the January-to-October period rose 7.8% to 34.33Mt, from 31.85M... |
Saint Gobain buys Vietnamese plasterboard business13 November 2007, Published under Cement NewsHaving recently decided to build a plasterboard plant in Abu Dhabi in the United Arab Emirates, Saint Gobain has bought Vinh Tuong Corporation, which has a plasterboard operation rear Ho Chi Minh City with a annual capacity of 9Mm². Vinh Tuong was set up at the beginning of this year as a joint venture between Universal Cement of Taiwan and Compact Resources of Singapore. Until now, Saint Gobain has been supplying the Vietnamese market from its factory in Thailand. Universal Cement, whi... |
Cimpor to more than double Chinese capacity12 November 2007, Published under Cement NewsHaving taken a controlling stake in Shandong Liuyuan New Type Cement in the spring, Cimpor has now announced a major investment programme for a cement project in the Shanting area of the province of Shandong that amounts to approximately EUR100m. The programme involves a new integrated cement works with two production lines, each with a clinker capacity of 1.5m tonnes per annum. The first kiln should be lit during the first half of 2009 and work on the second unit will begin thereafter, pr... |