Cement News tagged under: international
Birla Plus Cement renamed UltraTech02 November 2007, Published under Cement NewsThe Aditya Birla Group has announced renaming of its premier product, Birla Plus Cement, as UtraTech Cement, while claiming that it has become the largest cement brand in the country with volumes in excess of 25Mt. Aditya Birla Group executive president and chief marketing officer O. P. Puranmalka told reporters here that while UtraTech would now be the company’s national brand, the regional brands would continue to be part of the brand portfolio. The quality and core values would remai... |
Pakistan cement sector profitability dips 87% in Q102 November 2007, Published under Cement NewsCement sector witnessed a steep decline of 87 per cent in its profitability during the first quarter of current fiscal year against the corresponding period of last year. Total profit of cement sect or stood at Rs 252 million during the period under review as compared to Rs 1.88 billion in the corresponding period a year ago, according to research report based on 19 major companies of cement sector released on Thursday by InvestCap. Khurram Schehzad, Senior Financial Research Analyst at In... |
Florida holds back Titan01 November 2007, Published under Cement NewsFor the first nine months of the year, Titan’s turnover declined by 3.7% to EUR1,143.8m and the EBITDA was off by 6.7% to EUR 341.8m. Net debt at the end of September was 35.0% higher at EUR 529m on the back of acquisitions, notably in the United States, and capital expenditure. As a result, the net interest charge was 27.7% higher at EUR 24.0m and the pre-tax profit fell by 16.0% to EUR 248.2m. The lower US profitability, notably in Florida, led to a reduction in the tax rate a... |
Taiwan Cement Guangdong plant raises China price by CNY20/t01 November 2007, Published under Cement NewsTaiwan Cement Corp has decided to raise cement prices from its Guangdong plant in mainland China by CNY20 to CNY330/t, effective from November 5, the Economic Daily News reported. Shipments from the plant have risen since October but demand continues to outpace supply, company vice president Edward Huang was quoted as saying. Shipments in October from the Guangdong plant totaled 490,000t, the report said. |
Cement producers’ profits dip in Jan-Sep01 November 2007, Published under Cement NewsChile’s top three cement producers - Cementos Bío Bío, Lafarge and Polpaico - all saw their bottom line drop during the first nine months of this year compared to January-September 2006, according to separate company filings with securities regulator SVS. Bío Bío saw consolidated net profits plunge 68.4% to 14.2bn pesos (US$28.8m) during the first nine months of 2007 compared to the same period in 2006. The difference is due to the sale of forestry assets in June last year, which brou... |
Nexe nine-month net profit rises 9.3%01 November 2007, Published under Cement NewsCroatian building materials producer Nexe Grupa reported on Wednesday a rise in net profit through September to 114.8 million kuna (US$22.6m), up from 105 million kuna a year earlier, with its third-quarter earnings almost unchanged. The net profit in the third quarter was 66.2 million kuna, compared to 67.4 million in the sale period last year, the company said in a consolidated report to the Zagreb Stock Exchange. |
Italcementi Q3 EBITDA may fall by up to 4.8 per cent despite higher revenues01 November 2007, Published under Cement NewsItalcementi SpA third-quarter results on November 7 may show an up to 4.8 per cent fall in recurring EBITDA despite a 1.5-3.7 per cent expected rise for revenues, as higher fuel and transport costs coupled with lower volumes in the key markets of Italy and the US should have more than offset cement prices increases, analysts said. Revenues are seen rising to EUR1.521bn from EUR1.481bn a year earlier, while recurring EBITDA should fall to EUR393.5m from EUR398.3m, according to an average... |
Cementos Argos profit doubles to US$62.1m Jan-Sept 200701 November 2007, Published under Cement NewsThe net profit of Colombian cement products manufacturer Cementos Argos almost doubled to COP124bn (US$62.1m) in January to September 2007, from COP53bn (US$26.6m) a year ago, the company said on October 29, 2007. Consolidated operating profit stood at COP253bn (US$126.8m), while EBITDA amounted to COP496bn (US$248.6m). Cementos Argos cement sales rose by 13 per cent to 3.28Mt, while concrete sales stood at 1.1Mt, marking an increase of seven per cent. Exports of cement, clink... |
Cement plant to be built in Tuyen Quang01 November 2007, Published under Cement NewsNhan Dan – CTQ Cement Joint Stock Company which act as the investor in a cement plant project that has just beth launched in Tuyen Quang province. The plant has a design capacity of 910,000tpa. Total investment for the project is put at over VND 1.25 trillion. CTQ company has a charter capital of VND 300 billion. All four founding shareholders of the company are members of the Vietnam Coal and Minerals Industrial Group: the Minerals Corporation, the Viet Bac Mining Industrial Company Limi... |
Russian govt to take action against monopoly in building materials industry31 October 2007, Published under Cement NewsThe state council for the implementation of priority national projects has exposed signs of monopolism in the sphere of building materials production, according to local press reports. “There are instances of monopolisation in the industry and adequate measures are to be taken,” the chairman of the commission for the market of affordable housing under the state council, Alexander Braverman said on Tuesday. “There is the Eurocement company, which takes the commanding position. At a certain ... |