Cement News tagged under: international
FLS bullish on capacity growth24 August 2007, Published under Cement NewsFLSmidth has increased its estimate of the amount of new annual cement capacity that would be ordered in 2007, outside of China. It now expects it to be 125-150Mta, up from 100Mta previously. Its revised total is similar to its estimate of the 140Mta of new capacity ordered in 2006. FLS estimates that 24% of the cement capacity ordered in H1-07 was for India and a further 24% in the Middle East. Africa, mainly North Africa accounted for a further 20%. On its conference call FLS reported th... |
Holcim H1 net triples, exceeds forecasts, positive outlook23 August 2007, Published under Cement NewsHolcim reported an expectation-beating first half net profit rise of 162.7 per cent to SwFr2.9bn, driven by a one-off capital gain of SwFr21.11bn from the divestment from Holcim South Africa and improved demand in all segments. Net profit after minorities and attributable to equity holders reached SwFr22.4bn, up 195.1 per cent year on year. Looking ahead, Holcim said it expects to exceed its long-term growth target of five per cent in internal operating EBITDA, with acquisitions un... |
No move to regulate cement prices: Govt23 August 2007, Published under Cement NewsThe Indian government will not administer cement prices, despite manufacturers of the construction material resorting to frequent hikes in rates. However, to ensure adequate availability of cement in the market, public sector MMTC has been given a special dispensation license to import the material, Minister of State for Commerce Ashwani Kumar said in a written reply. The government has also removed the 12.5 per cent import duty on the commodity, along with countervailing duty and ... |
Croatian Nexe Group to build cement plant in Russia23 August 2007, Published under Cement NewsCroatia’s Nexe Group will invest roughly EUR180m in building a cement plant in Russia’s Vladimir Region. The capacity is said to be 1Mta of cement. A major part of the future output will be sold outside the region, whose construction industry needs just 200,000t of cement a year. Production is to be placed in Sudogda district, which has four major deposits, including two limestone deposits and two clay deposits. |
Saima Industry acquires Liupanshan Cement23 August 2007, Published under Cement NewsNingxia Saima Industry Co., Ltd announced on August 22nd that its board of directors approved the ‘Proposal for the Acquisition of Equity in Guyuan City Liupanshan Cement Co., Ltd’. The company decided to acquire 100% of equity held by an individual, Shi Xin, in the latter. |
Amreya Cement H1 net profit down 11 per cent23 August 2007, Published under Cement NewsEgypt’s Amreya Cement made a net profit of E£134.3m (US$23.6m) in the first half of 2007, 11 per cent down on the same period a year earlier, the stock exchange said on Wednesday. The company did not give a reason for the decline in profit, which was reported before minority interest. |
Shree Cement plans to set up new plant23 August 2007, Published under Cement NewsShree Cement Ltd plans to invest INR10bn to set up a 2Mta cement plant in the central Indian state of Chattisgarh, its managing director said on Wednesday. "We are trying to set up a cement plant in Chattisgarh, but we are yet to get the limestone mining lease," H.M. Bangur told Reuters in an interview. The expansion would be funded through a mix of debt and internal accruals, Bangur said, adding the company is also looking at expanding in other parts of the country. Its exist... |
Cement prices up by Rs10 per 50kg bag22 August 2007, Published under Cement NewsCement dealers in Pakistan raised prices of cement on Tuesday by Rs10 per 50kg bag due to rising transportation expenses in the wake of a ban on the entrance of heavy vehicles in the metropolis, market sources said. They said that traffic police had put a complete ban on the entrance of the heavy vehicles, including trucks, trailers and container trucks, during daytime following the order of the Supreme Court to control the traffic jams. Following the restriction on heavy vehicles, th... |
Anhui Conch Cement sees a drop in export due to rebate cut22 August 2007, Published under Cement NewsAnhui Conch Cement Company Limited anticipates the export of mainland Chinese produced cement and clinker will slow down due to a cut in export tax rebate and an appreciated yuan. For the second half of 2007, Anhui Conch Cement expects to maintain a steady growth in the level of fixed asset investment and the infrastructure project. The price of cement is estimated to have a slight increase in a stable situation. However, the general cost is anticipated to increase by 2.91% compared wit... |
Belarus cement output rises by 12.8 per cent22 August 2007, Published under Cement NewsThe output of cement in Belarus in the first seven months of 2007 totaled more than 2.2Mt, 12.8 per cent more than in the same period in 2006, reported the Ministry of Statistics and Analysis. July’s cement output amounted to 377,900t, nine percent more than in July 2006. The production of building materials in the first seven months of 2007 reportedly totaled 1,696.8 billion rubels, a 14.3 per cent YoY increase. |