Cement News tagged under: international
AV Birla group to raise cement production capacity23 October 2007, Published under Cement NewsThe Aditya Birla Group today said it will increase its cement production capacity by almost 50 per cent to 46Mt in the next one year as it seeks to increase sales and gain higher market share. The diversified corporate house also announced change of name of its ’Birla Plus’ brand to ’UltraTech’ Cement, making it the largest cement brand in the country with a capacity of more than 25Mt. "UltraTech will be the face of our cement business. This will be the biggest brand in the Indian ... |
Investments in Peru cement plants expansion seen over $300m23 October 2007, Published under Cement NewsCombined investments in ongoing expansion works in plants of Peruvian cement producers Cementos Lima, Cementos Pacasmayo and Cementos Yura are projected to exceed US$300m (EUR209.7m) in 2007 and 2008, the country’s Production Minister Rafael Rey estimated on October 19, 2007. The expansion projects are expected to be completed in 2008. Some brick production plants are also expected to undertake expansions at the end of 2007, according to the minister. Peruvian domestic cement sa... |
Lithuania’s Akmenes raises sales 37.6 per cent in Jan-Sept23 October 2007, Published under Cement NewsAkmenes Cementas (Akmene Cement), the sole Lithuania’s cement manufacturer, reported LTL179.2m (EUR 51.94m) in sales for the first nine months of 2007, a surge of 37.6 per cent versus the year-earlier figure of 130.28 million litas. In September alone, the sales grew by 34 per cent, to LTL 28.04m, from LTL 20.92m in September 2006. Arturas Zaremba, Akmenes Cementas CEO, attributed the increase in sales to growing demand on domestic market. The company was not afraid of competition with... |
Pakistan’s Lucky Q1 net profit up 53 per cent23 October 2007, Published under Cement NewsPakistan’s biggest cement manufacturer, Lucky Cement, reported on Monday a 53 per cent rise in earnings for the quarter ending on Sept. 30, which analysts said was due to higher sales and cement prices. Lucky, in a statement to the Karachi Stock Exchange (KSE), reported net profit of 730.60 million rupees for the July-September period, up from 478 million rupees in the corresponding period a year ago. This translates into an earning per share of 2.77 rupees. "The growth in ear... |
Camargo Correa investment plan announced22 October 2007, Published under Cement NewsCamargo Corrêa has approved a R$ 10.3bn investment plan for the next five years, local business daily Valor Econômico reported Friday. The company - which has businesses in engineering and construction, cement, steelmaking, textiles, footwear and concessions - aims to triple its annual revenue, to R$ 38.6 billion. Camargo Corrêa has ambitious plans for the cement area, which will receive around R$ 4 billion for production to more than double, Valor said. New plants area report... |
PM lays foundation stone for Qatranah cement plant, Saudi Arabia22 October 2007, Published under Cement NewsPrime Minister Marouf Al Bakhit laid today the foundation stone for Al Qatranah Cement plant, which is one of the Saudi Arab Cement Company investments. CEO of the Company Abdullah Al Essa said that the company has chosen Jordan to establish this factory because of the stability and investment attracting climate Jordan enjoys, as well as the current construction boom in the Kingdom. The factory is expected to start production in the fourth quarter of 2009 with a production capacity of 5000... |
Benin to build new cement plant22 October 2007, Published under Cement NewsBeninese President Boni Yayi will Monday in Massè, a district in the country’s south-eastern Plateau, lay the foundation stone for a 1.2Mta cement plant, sources close to the presidency said on Saturday. The plant, to be built at an overall cost of FCFA130bn (about US$290m), will have a capacity to produce 1.2Mta, when completed. Construction work on the plant is expected to start in two weeks Once set up, the plant plans to supply the whole country, Nigeria and other neighbours. It coul... |
UltraTech Q2 net up 46%22 October 2007, Published under Cement NewsUltraTech Cement (UCL), the country’s second largest cement maker and part of the Aditya Birla Group, has posted a 45.84% rise in its net profit at Rs 185.86 crore for the quarter ended September 30, 2007 as against Rs 127.44 crore in the corresponding quarter last year. Net sales during the quarter grew 16.81% to Rs 1,173.41 crore compared with Rs 1,004.54 crore. Higher sales, improved realisations and buoyant cement demand helped the company come up with the good set of numbers. The qu... |
Construction growth ups appetite for cement, Kenya22 October 2007, Published under Cement NewsCement consumption rose steeply in the month of September against the backdrop of a slight fall in output, signalling a possible rallying of prices in the coming month. Data from the Kenya National Bureau of Statistics (KNBS) indicates that month to month consumption of cement rose by a margin of 1,000 metric tonnes in August, helped by a steady rise of activity in the construction sector. Production declined by 737 metric tonnes from 215,088 metric tonnes in July 2007 to 214,351 metric to... |
Portland Holdings Limited on verge of shutdown22 October 2007, Published under Cement NewsPortland Holdings Limited (PHL), a subsidiary of Pretoria Portland Cement (PPC), could shut down due to lack of raw materials. The company does not also have the foreign currency to import spares for some of its plant equipment. The situation at PHL’s worsened in June after government ordered businesses to reduce prices. Government pegged the price of a bag of cement at $170 000 at a time when the actual price was around $1,5 million. Investigations by businessdigest revealed... |