Cement News tagged under: international
Lafarge increases cement shipments by 5%03 August 2007, Published under Cement NewsLafarge’s first half turnover improved by 4.1% to EUR8,385m, with the EBITDA rising by 14.4% to EUR1,825m and the trading profit by 19.9% to EUR1,360m. The net interest charge was 23.4% higher at EUR 187m, while capital gains amounted to EUR164m, compared with a EUR2m loss in the comparative period last year. The net attributable profit advanced by 70.4% to EUR934m. Net debt at the end of June stood at EUR9445m, representing an 11.0% reduction to give a gearing level of 84.2% compare... |
ACC production rises 10.8 per cent03 August 2007, Published under Cement NewsACC Ltd registered 10.8% increase in cement production in July to 1.63Mt from 1.47Mt a year ago. The cement major’s despatches stood at 1.64Mt from 1.43Mt in the previous year. During January-July, the company’s production was 11.84Mt against 11.15Mt in the same period a year ago. Sales rose to 11.84Mt from 11.10t a year ago. |
New cement plant planned in Balkan province03 August 2007, Published under Cement NewsThe cabinet of ministers of Turkmenistan made a decision to construct a new cement plant in the Balkan province. The project is designed to increase the capacity of the construction industry by expanding the production of construction materials using local raw materials. Speaking at the cabinet meeting, the Chairman of the state corporation Turkmengeologiya Sapargeldi Jumayev reported that the Balkan province has considerable reserves of raw materials making it possible to set up produc... |
Cementos Argos plant in Trujillo pending nationalisation03 August 2007, Published under Cement NewsThe Venezuelan government has submitted to the Asemblea Nacional a proposal to acquire assets of the Colombian company Cementos Argos, a cement plant controlled by Corporacion de Cemento Andino, at Trujillo, privatized years ago. Cementos Argos, then named Cementos Caribe, won the plant with an offer of US$82mil superior to the competitors Cemex, Vencemos and Cementos Chihuahua. Venezuelan authorities reason the acquisition of Argos would pave the way to investments in a plant that would s... |
Lafarge to invest in cement plant in Kaluga Region03 August 2007, Published under Cement NewsLafarge may invest about €230m in constructing a cement plant in the Kaluga Region not far from Moscow. It also won the auction for the development of the Borshchevskoye deposit located in the Ferzikovo District of the Kaluga Region. The equipment for the plant will be made in China. The capacity of the plant will be up to 2Mta, enough to meet the requirements of the Kaluga Region. It will be later doubled |
India’s July cement production rises on capacity addition, low base last year03 August 2007, Published under Cement NewsIndia’s July cement production increased, due to capacity additions by a few domestic cement manufacturers and as last year’s volumes for the month of July were low. "It’s just the low base effect for some cement majors," said Rakesh Arora, associate director of Macquarie Securities, explaining the year-on-year rise in production. Also, most cement manufacturers have been operating at about 100 per cent capacity, analysts said. "The increase in production is due to units added... |
Universal to set up US$160m cement plant with British partner03 August 2007, Published under Cement NewsCEO of cement company Universal Cimento, Mete Bulgun says that the company will set up a cement plant in the city of Bilecik with US$160m investment. 65% of the plant’s capital will be provided by a British partner says Bulgun however declines to give the name of the investor. The plant will have an annual cement production capacity of 1.5Mt and is expected to be constructed in 2 years. |
Housing market, cement consumption expected to rebound in 200902 August 2007, Published under Cement NewsBurdened by the hard correction in the housing market, cement consumption has weakened in 2007, according to the most recent forecast from the Portland Cement Association (PCA). Cement consumption this year is expected to fall 4.4 percent lower than 2006 levels. According to PCA Chief Economist Ed Sullivan, however, the decline will be temporary, with a 2.2 per cent cement consumption gain anticipated for 2008. "Sustained growth in cement consumption normally occurs when all three sector... |
Kuwait Cement Q2 net profit rises 76 per cent02 August 2007, Published under Cement NewsKuwait Cement Co. reported a 76 per cent rise in second-quarter net profit on Wednesday. Net profit was KWD24.8m (US$87.94m) after KWD14.1m in the year-ago period, the firm said in a statement on the bourse website, but did not explain the profit rise. Earnings per share rose to 53.21 fils from 30.06 fils. There are 1,000 fils to the dinar. Kuwait Cement’s half-year profit, which rose 114 per cent to KWD40.4m, include unrealised profit of KWD18.9m, reflecting the value of inves... |
Argument continues over cement investigation02 August 2007, Published under Cement NewsThe British Aggregates Association (BAA) and British Cement Association (BCA) are continuing to disagree over the BAA’s ongoing investigation into the UK cement market, with both parties issuing statements rejecting each other’s claims. Earlier this year the BAA brought in specialist firm Cartel Damage Claims (CDC) to look into allegations that the UK cement market is not operating properly, a move it says was brought about a number of complaints from BAA members about material shortages, h... |