Cement News tagged under: international
CRH’s Americas Materials Division completes four acquisitions for US$350m13 September 2007, Published under Cement NewsCRH plc, the international building materials group, announces four separate acquisitions by its Americas Materials Division for a total combined cash consideration, including debt assumed, of US$350m (EUR 258 million). Intangible assets (largely goodwill) arising on these four transactions amount to approximately US$140m. The combined businesses reported EBITDA of US$53m in 2006 on sales of US$360m. In early September, the Americas Materials Division acquired Conrad Yelvington Distribut... |
Taiwan Cement says China operations to double its pretax profit in 200812 September 2007, Published under Cement NewsTaiwan Cement Corp said its operations in mainland China are expected to double their pretax profit to CNY200m in 2008 compared with a profit of CNY100m seen for this year and a loss in 2006. However, the company did not reveal the extent of the losses made by their mainland-based units last year. China operations have already managed profits of around CNY40-50m in the first half to June, while capacity expansion and the prospects of a cement price upswing will serve as a growth cat... |
Cement is too expensive in the North, Nigeria12 September 2007, Published under Cement NewsAN NPP activist, Mr James Zoogah, has made a passionate appeal to President J. A. Kufuor to use his influence on GHACEM, one of the cement producers in Ghana to make their product affordable to the people in North. He said the recent astronomical increase in the price of cement meant that it was becoming virtually impossible for those in the North to use the product due to the high price there compared to that of the South. According to him even though the country was practising a ... |
China cement output growth rate slows in July12 September 2007, Published under Cement NewsChina’s cement output increased by 11.6% year-on-year in July, with the growth rate down 3.1 percentage points as compared to June, according to the information released by the Ministry of Commerce on September 10th. The ex-factory average cement price of China’s key building material enterprises was RMB284/t in July, up RMB1/t year-on-year. At the end of July, cement inventory was at 9.61Mt in key building material enterprises, up 19.3% year-on-year. In the first seven months of 2007, Chi... |
Domedko Haksli to build plant in Voronezh Region in Russia12 September 2007, Published under Cement NewsThe Domedko Haksli company is considering building a cement plant in Russia’s Voronezh Region. The construction cost is put at EUR150m. The capacity is one million tonnes of cement a year. The project will be finalized in half a year after a feasibility study is completed. The company thinks it will not take long to recoup the investment, given a growing demand for cement in the Central Federal District. The company bought a plot in Liski District next to a lime and fine-dispersed ... |
South Africa builds slowly on cement sales12 September 2007, Published under Cement NewsCement sales in South Africa increased 10.4% year-on-year (YoY) in August 2007 according to Cement and Concrete Institute (CNCI) data. July recorded growth of 10.8% YoY. At the end of August 2007, cement sales for the 12 months were reported up to 15.293Mt from the 13.850Mt recorded a year earlier. The moving average total a month earlier - in July 2007 - was reported at 15.212Mt. Exports of cement in August were down 0.9% YoY at 177,083 tons from the 178,632t reported a year earlier. |
Cementir ahead in spite of weaker Italy11 September 2007, Published under Cement NewsCementir increased its total grey and white cement shipments in the first half of the year by 10.1% to 5.28Mt. In the downstream operations, ready-mixed concrete deliveries improved by 8.6% to 2.30Mm³ and the aggregates tonnage advanced by 26.2% to 1.67Mt. Net turnover rose by 9.0% to EUR549.6m, but higher energy and transport costs did put pressure on margins, which eased from 23.5% to 22.6%. As a result, the EBITDA improved by a more modest 5.1% to EUR 124.3m and the trading profit... |
Saudi Southern Province Cement launches third cement plant11 September 2007, Published under Cement NewsSaudi cement producer Southern Province Cement (SPC) has launched its third cement plant, board chairman, Prince Khalid al-Turki bin Turki, was quoted saying. The facility is located on the southern Red Sea coast. Initially, the plant will produce clinker and will launch cement production in the last quarter of 2007. The plant’s daily output is 5000t of clinker bringing SPC’s total clinker output to 18,000t. Besides the newly-launched plant, SPC operates two other cement plant... |
Cement from abroad to rein in local prices, India11 September 2007, Published under Cement NewsWith India opening its doors for cement imports, many local companies have begun buying the commodity from neighbouring countries, including Pakistan. Though it may not trigger a price war in the domestic market in the immediate future, the imports are adequate to keep cement prices under check. However, if the imports, currently a trickle, get streamlined, it may have an impact on domestic prices, according to industry observers. Nitco Tiles, a Mumbai-based tile maker, is importing 1Mt of ... |
Demand for cement to hit 17Mt, Nigeria11 September 2007, Published under Cement NewsThe Minister of Commerce and Industry, Mr Charles Ugwu, has in Abuja predicted that demand for cement in the country will rise to about 17Mt in 2008. “Unfortunately, as at today, only about 4Mt are produced, though production will push up to about 7Mt with the new capacity being built. Ugwu, who gave these figures at a meeting with stakeholders in the industry said: “Yet a deficit of about 10Mt is recorded”. He said government would allocate the shortfalls to investors in the downstream s... |