Cement News tagged under: international
Boral’s pre-tax profit falls 19%16 August 2007, Published under Cement NewsIn its year to the end of June, Boral increased turnover by 3.0% to Aus$4,909m ( € 3,029m) while the EBITDA declined by 7.4% to Aus$762m ( € 470m), with the trading profit falling by 13.5% to Aus$531m ( € 328m). The net interest charge rose by 13.3% Aus$111m ( € 68m), leaving the pre-tax profit down by 18.6% to Aus$420m ( € 259m). The Australian construction materials arm increased turnover by 5.8% to Aus$2,549m ( € 1.573m) and EBITDA improved by 10.7% to Aus$454m ( € 280m), out of whic... |
Cimpor and Lafarge16 August 2007, Published under Cement NewsRecent speculation over whether Lafarge will make a full bid for Cimpor seems unfounded when one looks at the present shareholding structure. The Portuguese construction group Teixeira Duarte is the largest, and most influential, shareholder in Cimpor. The Portuguese businessman Manuel Fino, who has been on the board since 2004, is the second largest shareholder with a 19.0% stake. Lafarge has been increasing its stake of late and currently holds 17.3% of the equity and has two members on th... |
Cement: Pricing curbs hurting16 August 2007, Published under Cement NewsThe Indian BS Cement Index fell 7.83 per cent with ACC and Shree Cement being the major losers, down by over 10 per cent each. The decline in market value was attributed to the notice from the Monopolies and Restrictive Trade Practices Commission on price cartelisation. The price restrictive policy by the government hurt the industry in the June 2007 quarter with profit growth rate falling below 50 per cent from over 100 per cent in the previous three quarters. The stocks of Andhra Cement, U... |
Portland to switch to coal16 August 2007, Published under Cement NewsEast Africa Portland Cement Company (EAPCC) will shift its energy source to coal to cut down power bills and operation costs. The move by the cement maker follows recent discovery of coal deposits in parts of Kenya. Coal, which could bridge the electricity gap that is starting to widen because of an expanding economy, is tipped to change the country’s energy security situation. Significant coal deposits have been found in more than a half of the wells drilled so far in sections of Kitui ... |
India: Monsoon effect lower this year16 August 2007, Published under Cement NewsThe seasonality in cement production is increasingly becoming a thing of past for the Indian cement producers. Gone are the days when the cement companies used to curtail production between April and July to avoid a market surplus that could force them to reduce prices. In the past, leading cement companies cut down production by 15-16 per cent between April and July in 2005. However, this has come down to as low as 6-8 per cent in the current year. Demand for cement has been buoyant... |
Oman may import cement?15 August 2007, Published under Cement NewsThere has been an appreciable increase in the cement prices in the past few months say local reports. To meet the growing demand, the Sultanate could resort to importing cement, a source told Al Shabiba Arabic daily yesterday. The actual demand for cement may be about 10,000tpd, said an official at Oman Cement Factory. The productivity at the Raysut Cement Company may reach 8,000tpd effective this month, the source also added. The demand for cement over the half year stood... |
Pricing power of cement might be curtailed15 August 2007, Published under Cement NewsAccording to local reports, the Indian Government will allow state run MMTC to import cement without a BIS certification. This pricing debate has spilled over onto local TV stations with one recent interview with a local analyst summarised below: Q: What are the advantages of allowing cheaper imports A: During monsoon we do not see prices of cement going up but this time it has happened and there has been tug of war going on between the cement manufacturer and the government because pri... |
15 Pakistan firms seek OK to sell cement to India15 August 2007, Published under Cement NewsFifteen Pakistan firms have sought approvals to sell cement to India, which is facing a shortage to feed hectic construction activity in the rapidly growing economy, a minister said in parliament on Tuesday. Junior Commerce Minister Jairam Ramesh did not disclose the name of the firms or the quantity that will be imported in his written reply to lawmakers questions. The Pakistani firms have sought clearance certificates from the Bureau of Indian Standards to sell the cement in India, he sa... |
Construction of cement factory in Kyzylkiya15 August 2007, Published under Cement NewsKrgyzstan’s proposed new factory is scheduled to begin construction in the Kyzylkiya region on September 1, said State Secretary Adakhan Madumarov on Monday in a meeting with China Export-Import Bank Chairman & President Li Ruogu. State Secretary Madumarov said this meeting is relevant on the threshold of Chinese President Hu Jintao’s visit to Kyrgyzstan. During the last two years, a mutually beneficial cooperation between Kyrgyzstan and China reached a new quality level, said the State Sec... |
Xuancheng Conch first 5000tpd production line approved15 August 2007, Published under Cement NewsThe 5000tpd cement clinker production line of Xuancheng Conch Company completed successfully the 72 hours production standards trial, with 5414t of average kiln output per day and 230.4t of average output per hour. By August 11th, Xuancheng Conch had produced 28,315t of quality cement clinker. |