Cement News tagged under: international
Lack of transportation facilities hit cement exports to India06 September 2007, Published under Cement NewsInadequate transportation facilities in Pakistan are hampering cement exports to India by road, manufacturers have claimed. "There is unlimited demand for cement in India. But the problem is we just don’t have enough trucks to send our product across the border via Wagha," the ’Dawn’ reported today, quoting Rizwan Butt of Maple Leaf as saying. "It will take a truck at least three days to cross the border, get customs clearance, offload the product and return home. That means we shal... |
Steppe Cement 1H Pretax Profit $15.6M Vs $11.5m06 September 2007, Published under Cement NewsSteppe Cement said Wednesday that first half pretax profit was $15.6m, compared with $11.5m the previous year. The company said that at the operational level, sales have increased by 42% in Tenge with the average sales price achieved rising from US$78/ton to US$101/ton compared with the corresponding period last year. Production costs have been held to 2006 levels as increased utility, transport and labour costs were offset by increased productivity due to the increased efficiency ... |
Cement factory licence ’stands’, Saudi Arabia06 September 2007, Published under Cement NewsCouncillors who voted against a new cement factory in Askar yesterday overstepped their authority, say government officials. Southern Municipal Council voted to reject a permit for the factory - despite four government bodies insisting that it had no right to do so and that permission stands for the project. Work is currently under way on the Al Saqr Factory, in the Hafeera Industrial Area. However, councillors voted at their weekly meeting yesterday to reject the permit, saying it would ... |
Unstable cement prices hit builders06 September 2007, Published under Cement NewsEscalating prices of cement could wipe away gains being made in the construction and estate industry. While the price of new homes has been on a downward trend following the reduction of Value Added Tax by the Ministry of Finance in this year’s Budget, developers could find it increasingly difficult passing on this benefit to buyers due to a sustained increase in input prices. The instability in the price of cement, a key ingredient in construction, has been blamed on growing demand, both ... |
Kenya: Delay in JKIA Project Linked to Cement Shortage06 September 2007, Published under Cement NewsAn acute shortage of cement, and heavy rains during December, has delayed the completion of Phase One of Jomo Kenyatta International Airport’s expansion plan. The project was initially set to be to be completed by the end of last month, but heavy demand for cement in the domestic and export markets slowed down progress, causing a three- month delay, according to Kenya Airports Authority managing director George Muhoho. Demand for cement has been rising due to what industry players attribut... |
Kesoram Industries starts cement production ahead of schedule06 September 2007, Published under Cement NewsKesoram Industries Ltd has started cement production at its Unit III facility one month ahead of schedule on September 4, 2007. Production was able to start early because a new roller was delivered to the factory site and fitted ahead of schedule, in the second week of August 2007 instead of early September. The roller, supplied by Polysius AG Germany, was expected to arrive by sea route but was instead airlifted to the factory by a chartered flight. |
Orascom continues to expand05 September 2007, Published under Cement NewsOrascom Construction Industries increased first half turnover by 46.5% to US$1,731.3m (E£9874.1m) and the EBITDA rose by 48.1 per cent to US$515.0m (E£2,937.5m), with the net profit advancing by 46.2 per cent to US$307.1m (E£1,751.5m). The cement division raised its turnover by 73.9 per cent to US$692.9m, with the EBITDA improving by 54.8 per cent to US$339.6m, with the largest contributions coming from Algeria, Egypt, Northern Irak and Spain. Cement shipments in Algeria and ... |
India Ambuja August cement shipments up three per cent YoY05 September 2007, Published under Cement NewsAmbuja Cements, India’s third-largest cement maker, said on Wednesday its August shipments rose three per cent to 1.15Mt from 1.12Mt a year earlier. Production rose an annual four per cent to 1.13Mt, the company said in a statement. Holcim owns more than 36 per cent of Ambuja Cements and has said it would launch an open offer to buy another 20 per cent. |
Producers see lower earnings from core business in Taiwan05 September 2007, Published under Cement NewsTaiwan’s cement firms are suffering shrinkage in earnings from core business in domestic market while posting growth in mainland China. All the listed cement firms on the Taiwan Stock Exchange and over-the-counter stock market encountered declines in earnings in the first half of this year, with Lucky Cement Corp. posting the largest decline in earnings at 60% year-on-year in the first half. Impacted by the demand slump in domestic market, Taiwan Cement Corp. and Asia Cement Corp.... |
Bamburi moves on disputed site05 September 2007, Published under Cement NewsBamburi Cement has begun exploratory drilling for limestone in Kanziku and Mathima locations of the newly-created Mutomo District. The Sh50-million exercise is expected to take approximately three months. "This is a critical step... aimed at obtaining samples... to determine the quality and quantities of the limestone deposits," the company said in a statement on Monday. Deposits of limestone, used in manufacturing cement, have been found in the area. The site also has other m... |