Cement News tagged under: international
Siam Cement maintains local cement prices unchanged, Thailand26 October 2007, Published under Cement NewsSiam Cement has affirmed it will maintain local cement prices despite increasing production costs. Karn Trakulhoon, the company’s president, said the firm had seen no need to raise prices of products under the group’s umbrella despite higher production costs attributed to rising oil prices. He said the company would instead opt to reduce operation costs in other areas. Mr. Karn conceded the firm’s decision to maintain its cement price levels was in part due to concerns over slow... |
Semen Gresik’s Q3 net profit increases by above 10%25 October 2007, Published under Cement NewsPT Semen Gresik Tbk has estimated that its three quarter profit will increase by more than 10% from IDR394 billion on the same period of 2006. Semen Gresik’s Vice President Director Rudiantara said the company has been successful in cutting the production cost so that the revenue has increased substantially. "We have been able to cut cost of sales to IDR310,000/t even though the coal price has increase. Our net profit growth will be double digit in three quarters." He said th... |
Cement likely to get dearer this Diwali25 October 2007, Published under Cement NewsCement prices in Mumbai could rise by Rs 3-5 per bag this Diwali, inching closer to the Rs 270 mark. Dealers are learnt to have got feelers to this effect from manufacturers. A K Saraogi, chief financial officer, JK Cement said, "Pricing depends on market forces and input cost are increasing. As a result, there could be an increase of Rs 3-5 per bag during Diwali days." Notably, retail cement prices have already increased by Rs 5 per bag across the country over the last three month... |
Holcim consults staff over cement plant options, New Zealand25 October 2007, Published under Cement NewsHolcim said today it was consulting with staff over three options for its future supply, although a final decision was still a year away. The company is importing cement to supplement production from its Westport plant, which is running at full capacity. Holcim is considering a medium-term option of maintaining the status quo, and building a new plant at either Westport or Weston, near Oamaru, to meet long-term demand."While no decision has yet been made, the findings so far indicate th... |
Azerbaijan produces over 1.2Mta of cement, Jan-Sept 200725 October 2007, Published under Cement NewsAzerbaijan produced over 1.285Mta of cement in the Jan-Sept 2007 period – an increase pf 5.6% YoY. Garadagh Cement, the country’s largest producer, is capable of manufacturing 1-1.4Mta, which is able to meet 50% of the national demand. The rest is imported. Last year’s production reached 1.554Mt being just 0.1% up on the year before but still, the highest level achieved in Azerbaijan so far. The Government is currently looking at options to construct new cement plants in the cou... |
Benue Releases N15m for cement factory25 October 2007, Published under Cement NewsIn a bid to ensure the realization of inherited on -going projects in the state, Benue State Government has released the sum of N15 million to the management of Igumale Cement Factory to ensure resumption of work at the site. The Commissioner for Commerce, Industry and Tourism, Mr. Ben Meladu who disclosed this to news men in Makurdi, further explained that the amount is meant for shipping and clearing of equipments for the company among other procedures that are necessary for the actua... |
Cement output up 8.4%, West Bengal25 October 2007, Published under Cement NewsCement production in West Bengal grew by 8.4 per cent compared to an India average of 9.8 per cent during 2006-07. Cement production in the state had registered 5.5 per cent rise during 2005-06. The installed cement capacity in the state was nearly 4 million ton per annum (mtpa). Demand growth had encouraged major producers in the state to take up expansion plans, with Gujarat Ambuja setting up a 1mtpa cement plant at Farakka in Murshidabad and Lafarge adding a greenfield unit of 1mtpa... |
Eagle Materials reports record second quarter cement profits24 October 2007, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, first half turnover at Eagle Materials showed a 15.4% decline in turnover to US$478.7m, because of lower volumes and prices in the gypsum business. The turnover generated by the cement and plasterboard operations were virtually identical at 40.4% each. The trading profit before corporate overheads was down by 37.5% to US$125.8m, of which cement accounted for 50.8%. Corporate overheads rose by 7.2% and the net interest, largel... |
CPC may reopen cement merger file again, Cyprus24 October 2007, Published under Cement NewsThe Commission for Protection of Competition (CPC) may decide to reopen the cement merger deal between Vassiliko Cement (VCW) and Cyprus Cement (CCC) according to the new Chairman of the Commission Panayotis Kallis. Testifying before the House Commerce Committee, Kallis told deputies that “all the previous decisions are under scrutiny” indicating that old files may be reopened, according to stockwatch. Kallis revealed that the CPC is currently investigating 145 cases and he promised that o... |
Shree Cement July-Sept net up 36 per cent, trails forecast24 October 2007, Published under Cement NewsShree Cement Ltd on Tuesday posted net profit of 1.06 billion rupees for the July-Sept quarter, trailing analysts’ forecast. A Reuters poll of analysts had forecast net profit of 1.15 billion rupees against 0.78 billion rupees in the same period last year. It reported revenues of 4.66 billion, up from 3.16 billion rupees last year. "Higher sales volume has driven the profit growth during the quarter," managing director H M Bangur told Reuters without elaborating. The firm’s annual output ... |