Cement News tagged under: international
Mexico’s GCC 3Q net profit rises 22.1 per cent24 October 2007, Published under Cement NewsMexican cement company Grupo Cementos de Chihuahua (GCC) said Tuesday its third-quarter net profit rose 22.1% on robust sales in Mexico and the US. In a statement GCC said net profit reached MXP526.8m (US$48.7m) in the third quarter, up from MXN431.6m in the year-ago period. Net sales rose 10.6% compared with the year-ago period to MXN2.4 billion. Sales grew 12.8% in the U.S. and 11.7% in Mexico, its main markets. The company said U.S. sales were driven by commercial investments in... |
Eurocement to increase Ukraine output by 33%24 October 2007, Published under Cement NewsIn 2008, Kyiv-based Eurocement Group Ukraine, a subsidiary of Eurocement Group (Moscow), plans to increase cement production by 33.33% – equivalent to 1.2Mt, compared to expected indicator of 2007, up to 4.8Mt. Chairman of the directors board of Eurocement Group Holding, Russia, Filaret Galichev disclosed this to local press. By the end of 2007, Eurocement Group Ukraine plans to increase cement production to 3.6Mt. Eurocement Group Ukraine intends to invest US$40m in developmen... |
Cameroon gov’t calls for cancellation of price increase24 October 2007, Published under Cement NewsCameroonian Trade Minister Luc Magloire Mbarga Atangana on Tuesday demanded that Cameroon’s CIMENCAM, subsidiary of Lafarge, cancels the seven per cent increase in the price of the 50kg cement bag, unilaterally decided by this company. “The present economic situation, marked by the drop of the purchasing power of populations, led the Cameroonian opinion to reject the unilateral decision of CIMENCAM to increase prices”, noted Atangana. “We demand CIMENCAM to defer this decision, pending the... |
Baltsem launches fifth cement kiln24 October 2007, Published under Cement NewsBalakliya-based Baltsem Company, Kharkiv region, Ukraine has commissioned its fifth cement kiln with a cement capacity of 1Mta. The length of the kiln is 200m and diameter seven meters. Capacity of the line is 1Mt of cement a year. After commissioning of the new cement kiln, the total production capacity of the plant rose up to 4.9Mta of cement. Baltsem is part of Eurocement Group Ukraine, which is a subsidiary of Eurocement Group International Industrial Holding. |
Taiwan Cement, Chia Hsin to merge HK Subsidiaries at end-Oct24 October 2007, Published under Cement NewsTaiwan Cement Corporation recently announced that its subsidiary – Taiwan Cement International will officially merge Chia Hsin Cement Corporation’s subsidiary – Chia Hsin China Corp. which is listed on the Hong Kong Stock Exchange, at the end of October. Taiwan Cement anticipated the merger would be completed on January 1, 2008, with the move to help both sides become one of the top-three cement producers in mainland China. In June last year, both Taiwan Cement and Chia Hsin Cemen... |
Indonesia consumption drops to lowest level24 October 2007, Published under Cement NewsIndonesian cement consumption in September fell by 2.4% from September last year, or the sharpest decline in the past nine months. In January-August 2007, the national cement consumption rose by 2.2% to 18% from the same period last year YoY. The decline of cement consumption in September was the first in 2007. Data released by the Indonesian Cement Association (ASI) revealed the cement consumption in September only reached 3.11Mt, down by 78,000t from 3.188Mt in September 2006 or d... |
PPC to expand Gaborone plant, Botswana24 October 2007, Published under Cement NewsPPC Botswana will invest R6.5m in expanding its Gabarone facilities as demand for cement in Botswana continues to rise. The expansion project includes the installation of state-of-the-art palletising equipment, and construction of a new warehouse at the Gaborone depot. “Demand for PPC’s general all purpose cement Botcem, a brand manufactured exclusively in Botswana, has soared from a few hundred tons a month when we opened the Gaborone depot in 1996 to more than 20,000 tons a month current... |
Indian cement industry to grow by 10 per cent in 2007-0823 October 2007, Published under Cement NewsThe demand for cement in India is expected to grow by 10 per cent in 2007-08 fiscal driven by housing sector, a senior industry official said. "The kind of growth we are seeing in Indian economy, the prospects are going to be good as far as cement industry is concerned," OP Puranmalka, Group Executive President Aditya Birla Group, told reporters here today. The demand for cement industry would grow by 10 per cent in 2007-08 fiscal against eight per cent compounded annual growth rat... |
Eagle Materials posts 47% Q2 earnings decrease23 October 2007, Published under Cement NewsEagle Materials Inc reports that, for the quarter ended September 30, its revenues and net earnings were $210.5m and $34.8m, respectively. The company s revenues decreased 18% from the prior year second quarter and net earnings decreased 47% from the same period. The company s diluted earnings per share for the second quarter of fiscal 2008 were $0.73 compared with $1.32 in the same period a year ago, a 44% decline. Since June 30, 2007, Eagle has repurchased around four million shares of it... |
Olympus Capital agrees to invest US$28m in Chinese Cement Co23 October 2007, Published under Cement NewsOlympus Capital Holdings said Tuesday it agreed to invest $28 million in Chinese cement producer Sichuan Golden Summit (Group) Joint Stock Co. With the investment, Olympus and Golden Summit will establish a joint venture, Emeishan Special Cement Co., in which Olympus will own a 49% stake. The transaction, which is subject to regulatory approvals, is expected to close by the end of the year. Golden Summit said the investment will help boost its capacity by 5000tpd. "In addition... |