Cement News tagged under: international
Indonesia`s cement consumption down 20 per cent in October12 November 2007, Published under Cement NewsIndonesia’s cement consumption fell 20 per cent to 2.50Mt in October from a month earlier due to the Eid-al Fitri holidays, said Urip Timuryono, chairman of the country’s cement producers association (ASI), Monday. The Eid holidays were celebrated to mark the end of the Muslim fasting month of Ramadan. Most government offices and private companies were closed for nearly 10 days last month. With a population of over 220Mt Indonesia is the world’s most populous Muslim nation. "The drop is q... |
China’s Anhui Conch Group to invest CNY3bn to expand in Guangdong12 November 2007, Published under Cement NewsAnhui Conch Cement Group plans to invest CNY3bn in Foshan city in southern China’s Guangdong province to build six cement production facilities with daily capacity of 5000t each, the official Shanghai Securities News reported. Citing unidentified local government officials, the newspaper said the Foshan city government is in the process of phasing out small cement producers. |
Lafarge turnover rises 4.5 per cent09 November 2007, Published under Cement NewsIn the first nine months of 2007 Lafarge generated a turnover EUR13,279m, an increase of 4.5%, and the EBITDA improved by 13.8% to EUR 3,148m. At the trading level there was a 17.7% improvement to EUR 2,442m, while the net attributable profit rose by 40.0% to EUR 1,534m. Net debt at the end of September stood at EUR 9,103m, an 11.3% reduction compared with a year ago, to give a gearing level of 77.6% compared with 88.8% a year earlier. Capital expenditure was 19.6% higher at ... |
Colombia’s Argos transfers $43.5m to US unit to boost revenue09 November 2007, Published under Cement NewsColombia’s largest cement maker Cementos Argos SA Thursday transferred US$43.5m to its US unit to boost its revenues there, the company said in a filing to the Colombian securities regulator. Argos USA Corp. will use the money to invest in new machinery and plants in the U.S., the company’s spokesman Pablo Arroyabe said Thursday. In 2005, Argos bought two cement companies in the U.S. for a total of $257 million, and in the first quarter of last year it agreed to buy RMCC Group Inc... |
M&A trend in China’s cement industry to continue09 November 2007, Published under Cement NewsThe trend of merger and acquisition (M&A) in China’s cement industry will continue in the coming few years, said Kong Xiangzhong, general secretary of the China Cement Association, in an interview. The country will promote structural adjustment, support the formation of large enterprises, and raise the production concentration of the industry in a bid to change disorderly competition in the sector. As result, a number of small enterprises and even some midsize companies will be forced o... |
Siam City Cement 3Q Net Profit Falls 27%09 November 2007, Published under Cement NewsSiam City Cement PCL, Thailand’s second largest cement producer, said third quarter net profit fell 27%, hit by the weak economy and the higher cost of fuel and electricity. Net profit for the July-September quarter fell to THB732.8 million ($21.6 million) from THB1.01 billion a year earlier, Siam City Cement said in a statement Friday. Sales fell 4.7% to THB5.76 billion from THB6.04 billion a year earlier "mainly due to lower domestic cement sales," the company said. Thailan... |
Cementir boosted by increased Turkish business09 November 2007, Published under Cement NewsCementir improved turnover in the nine months to the end of September by 10.5% to EUR856.09m and the EBITDA increased by 11.1% to EUR 207.78m. The trading profit advanced by 12.6% to EUR 154.48m, while the net financial item turned positive, leading to a 29.9% increase in the pre-tax profit to €157.56m. The net debt declined by 19.2% to EUR 391.3m compared with a year ago. Deliveries of grey and white cement increased by 9.9% to 8.24Mt, while aggregates shipments rose by 25.7% to ... |
New Holcim cement plant for Mexico08 November 2007, Published under Cement NewsHolcim’s turnover increased by 15.8% to SFr20,286m (EUR12,370m) and the operating EBITDA rose by 19.0% to SFr5,340m ( EUR 3,256m). The trading profit advanced by 20.7% to SFr3,961m ( EUR 2,415m) and at the net attributable level the increase reached 119.3% to SFr3,300m ( EUR 2,012m), thanks to a S.Fr. 1,260m ( EUR 768m) exceptional gain on selling 85% of the South African business. The net debt at the end of September was 13.0% higher at SFr14,509m ( EUR 8,847m), giving a gearing... |
Portugal Semapa Jan-Sept 2007 profit rises 53 per cent YoY08 November 2007, Published under Cement NewsThe consolidated net profit of Portuguese construction and cement group Semapa increased by 53 per cent YoY to EUR97.3m ($141.61m) in the period January to September 2007. The paper and pulp production activities of the group contributed with EUR74.7m to the result, while the cement production was responsible for EUR25.2m. The group’s total turnover went up by eight per cent, while EBITDA increased by 14 per cent to EUR321.1m. In the area of paper and pulp production, Portucel... |
Vassiliko to discuss share issue to Cyprus Cement08 November 2007, Published under Cement NewsVassiliko Cement Works Public Company Ltd announced that the Board of Directors will meet on Tuesday, November 13, 2007 to decide when to call an Extraordinary General Meeting and proposal to the EGM for the increase in the Company’s authorised share capital and the issue of new shares to The Cyprus Cement Public Company Ltd (CCC) for the enforcement of the agreement dated March 9, 2007, which was signed between the Company and CCC for the management, exploitation and sale of cement of the ... |