Cement News tagged under: international
Florida Rock Industries, Inc announces 3Q results31 July 2007, Published under Cement NewsFlorida Rock Industries, Inc today announced net income of $36,054,000 or $.54 per diluted share for the third quarter of fiscal year 2007 versus $58,317,000 or $.87 per diluted share for the same quarter of fiscal year 2006. Merger expenses of $4,422,000 ($2,852,000 after tax) are included in this third quarter net income. Consolidated total sales for the quarter decreased 23.6% to $275,631,000 from $360,993,000 in the same quarter last year driven by volume decreases in all three segm... |
Polpaico 1H07 profits drop 37%31 July 2007, Published under Cement NewsChilean cement producer Polpaico’s consolidated net profits fell 37.5% to COP6.32bn (US$12m) during the first half of 2007 compared to the same period the previous year, the company reported to securities regulator SVS. Revenues for the first six months of 2007 were down 9.1% at COP 63.0bn. Operating profits also sunk 26.9% to COP 9.14bn in the first six months of the year. Cement sales decreased by 7.3%, the company reported without mentioning specific tonnage. At t... |
Eurocement to Invest $39mn in Maltsovsky Portlandcement31 July 2007, Published under Cement NewsEurocement Group will invest about RUR1bn ($39mn) to develop production at Maltsovsky Portlandcement in 2007-2008. Modernisation of the Bryansk-based plant will increase its cement output from 3.7Mt in 2007 (an increase of 6% against 2006) to over 4Mt by 2010. |
Govt probes high financing charges on cement industry, Philippines31 July 2007, Published under Cement NewsTrade and Industry Secretary Peter Favila yesterday said he will validate the claim of local cement producers that high financing charges are responsible for the high prices of the construction material. Favila said he would check the claims of higher charges from banks that extended loans to the big three cement companies—Cemex, Lafarge and Holcim—despite historically low interest rates. The three companies dominate and control the domestic cement market. “The financing charges are on the... |
Cement shortage delays development projects in Sabah, Brunei31 July 2007, Published under Cement NewsDevelopment projects in the State are being seriously hit by a continued shortage of cement resulting in many developers incurring additional costs. Developers said the situation had been going on for more than two weeks now and has come to a point where they virtually have to fight for every bag of cement available at outlets. And, even now it is not sufficient to meet the demand of private developers what more if the Ninth Malaysia Plan’s projects have already come up. In this respect, ... |
Indian cement prices aren’t done with rising, yet31 July 2007, Published under Cement NewsNotwithstanding the action of Monopolies and Restrictive Trade Practices Commission (MRTPC) against errant cement firms for price rise and cartelisation, cement prices are seen rising by around Rs 5 per bag each in the next two quarters, hitting a level of Rs 240 by this fiscal-end. Even imports are unlikely to help as the long-drawn BIS certification procedures are making it difficult for foreign companies to enter the local market. Cement retail prices have risen by Rs 5 per bag since... |
Taiwan Cement, Asia Cement do well in mainland China31 July 2007, Published under Cement NewsThe National Development and Reform Commission of mainland China predicted the prices for cement would continue to rise in the second half of this year, which is expected to benefit such Taiwanese cement investors as Taiwan Cement Corp. and Asia Cement Corp. Because of the promising prospect for mainland’s cement market, Taiwan Cement will see earnings from mainland investment reach RMB100 million (US$13.33 million) and Asia Cement RMB250 million (US$7.62 million). In the meantime, ... |
India’s Binani Cement buys 49 per cent in Chinese cement plant30 July 2007, Published under Cement NewsBinani Cement, part of the Rs 15bn (US$371m) Binani Group, announced it will acquire a 49 per cent stake in a cement plant in China from Shandong Rongan Group. It is the first time that any Indian company has sought to acquire a cement plant in China. A spokesman for Binani Cement said the capacity of the Chinese company is 400,000t. This can be raised to over 2Mt over the next few years given the large limestone deposits it possesses. Binani will pay US$11m to acquire 49 per c... |
Meeting on ways to develop the cement industry of Belarus30 July 2007, Published under Cement NewsOn July 24, 2007 the President of the Republic of Belarus, Alexander Lukashenko, held a meeting focused on the development of the Belarusian cement industry, reported the Presidential website www.president.gov.by. The Head of State tasked the government to triple the annual production of cement in Belarus from 3.7Mt in 2006 to 9.5-10Mt by 2011. The need for holding today’s meeting was fuelled by the difficult situation in recent years in the domestic market of cement and building m... |
Sales of cement increase in Venezuela30 July 2007, Published under Cement NewsSales of cement in Venezuela increased 23 per cent during the first half of 2007. According to Asociacion Venezolana de Productores de Cemento, 3.2Mt of cement were sold during the period, while in H1 2006 sales totaled 2.6Mt. According to the association, cement market was driven by the expansion of the construction sector. |