Cement News tagged under: international
Pakistan cement sales grow 41 per cent on yearly basis02 August 2007, Published under Cement NewsPakistan cement sales have marked massive growth of 41 per cent YoY in July of current financial year to 2.39Mt as against 1.69Mt in the corresponding of last year. According to latest data of cement dispatches in the first month of current financial year, the growth includes exports of 441,000t, surging by phenomenal 134 per cent in the month under review whereas the local sales of the cement registered a growth of 29.6 per cent to 1.95Mt during this period. The company-wise details of ce... |
Hanson profit dips on weak dollar, housing market01 August 2007, Published under Cement NewsHanson Plc, which is being taken over by HeidelbergCement reported lower half-year profit on Wednesday, hit by weaker US dollar and residential demand. Hanson, the world’s biggest aggregates specialist, posted UK£181.8m (US$369.4m) in first-half pretax profit, down from UK£193.6m a year ago. "We expect continued weakness in the U.S. residential market and adverse foreign exchange to impact the second half of the year, with trading in divisions elsewhere remaining robust," it said in... |
CNBM in joint venture with Jiangxi Cement01 August 2007, Published under Cement NewsChina National Building Material (3323) said it has signed letters of intent with four other parties to acquire 80% equity interest in Zhonglida Group, Lima Cement, Yaya Cement, Shenhe Cement and Zhejiang Tongxing Cement, 100% ofthe equity interest in Anhui Feida Cement and Zhejiang Tianji Cement, and at least 50 per cent of the equity interest in Hejiashan Cement. Meanwhile, it has also agreed to set up a JV with Jiangxi Cement. The authorised share capital of the proposed JV will be R... |
Imerys may buy India’s ACE Refractories for INR5.50bn01 August 2007, Published under Cement NewsFrance’s Imerys may buy India’s ACE Refractories for about INR5.50bn (US$136m) from private equity fund ICICI Ventures, the Business Standard reported, citing unnamed sources. The report said ICICI Ventures had bought the refractory unit from cement company ACC Ltd for INR2.57bn two years back. |
Pakistan looks for government facilities to enable bulk exports01 August 2007, Published under Cement NewsPakistan can export cement in bulk to meet the emerging demand in Middle East, India, Central Asia and Africa, provided the government creates an enabling environment through relief in taxes, project financing facility, provision of bulk handling facility at ports, etc, and the industry works professionally for cost optimisation. This was the conclusion drawn at the roundtable on cement industry, organised on Monday at the Institute of Cost and Management Accountants of Pakistan (ICMAP)... |
St Lawrence Cement Group Inc - 2Q results01 August 2007, Published under Cement NewsSt. Lawrence Cement Group Inc reported consolidated sales of $366.7 million for the second quarter ended June 30, 2007, compared to $364.7 million for the same period last year. Sales of aggregates, ready-mix concrete and construction services increased compared to the 2006 second quarter, partly offset by lower sales of cementitious materials and a negative foreign exchange impact of approximately $1.3 million on the translation of U.S. sales into Canadian currency for reporting purposes. ... |
Holcim may up Ambuja Cement stake01 August 2007, Published under Cement NewsFund managers are forecasting that Holcim, the majority shareholder in Ambuja Cements, may announce another buyback of shares — to hike its stake in the company. Holcim currently holds 30% in the company that was formerly called Gujarat Ambuja Cements. Cement firms have been registering strong earnings for the past two years on the back of an investment boom in the Indian economy and increased construction activity. Industry analysts expect cement prices to rise after the monsoon as most r... |
Vulcan sees volume drop declining01 August 2007, Published under Cement NewsVulcan Materials’ first half turnover decreased by 0.8% to US$1,438.0m, while the EBITDA improved by 7.7% to US$431.4m and the running profit before tax advanced by 5.7% to US$299.9m. Aggregates shipments in the six months were 12.0% lower at 100.83m tonnes (111,15m short tons), but prices remained strong and aggregates turnover improved by 1.5% to US$1,044.9m. Aggregates prices are expected to rise by some 12% to 13% for the full year, while volumes are expected to decline by around 7%, su... |
Cement becomes the top profit earner at Eagle Materials01 August 2007, Published under Cement NewsFor its first quarter year to the end of June, Eagle Materials produced a turnover 14% lower at US$221.2m, principally reflecting lower plasterboard volumes and prices, while cement continued to show positive trends and overtook plasterboard as the largest contributor to profits. The trading profit before corporate overheads declined by 31.7% to US$65.4m. The net interest charge just over doubled by rising 103.9% to US$3.6m, leaving the pre-tax 36.0% lower at to US$57.5m. Cement turno... |
Anhui Conch Cement expands in northwest China by alliance31 July 2007, Published under Cement NewsAnhui Conch Cement Company Limited will ally with a cement company in China’s northwestern province of Gansu to expand the regional market. Anhui Conch Cement will subscribe at least 50 million new A shares of Gansu Qilianshan Cement Co., Ltd. for RMB160 million as a strategic investor. Gansu Qilianshan has a well-established network and market resources in Northwest China. Anhui Conch Cement aims to work with Gansu Qilianshan to consolidate the cement markets in the provinces and... |