Cement News tagged under: international
Jordan Cement posts 6% lower profit in H127 July 2007, Published under Cement NewsA statement released by the Jordan Cement Factories Company Ltd. (JCFC) said that the company has posted lower profits during the January-June period compared to the same period last year because of high production costs, particularly the rise in fuel prices. The statement attributed the six per cent drop to the recession in the cement market and to the decline in demand in the first half of this year in comparison with that recorded in the first six months of last year. During the first ha... |
Cement price hike on cards27 July 2007, Published under Cement NewsUK cement producers are expected to introduce price hikes next year, according to reports from Construction News. They are looking to increase the price of bulk cement by as much as 20 per cent by the turn of the year. Manufacturers are understood to have told ready-mixed concrete producers and precasters of plans to introduce the price hikes in December and January. The move would see UK£15/t increases slapped on the price of bulk concrete, an inflation busting hit of about 20 per cent o... |
MRTPC to deal with cement firms27 July 2007, Published under Cement NewsThe government on Thursday said it is up to the Monopolies and Restrictive Trade Practices Commission (MRTPC) to take action against cement “cartels”, even as it announced plans to ease import rules to rein in high domestic prices. “The MRTPC can take any action according to its provisions to deal with cement firms,” Department of Industrial Policy and Promotion Secretary Ajay Dua said on the sidelines of a CII seminar, adding, the government would relax certification norms to make cements ... |
Cementir H1 sales up nine per cent27 July 2007, Published under Cement NewsCementir SpA, the Italian cement producer, said first-half sales rose nine per cent to EUR549.6m from EUR504.2m a year earlier. Cement sales rose 10.1 per cent to 5.284Mt, ready-mixed concrete sales increased 8.6 per cent to 2.299Mm3 and sales of aggregates jumped 26.2 per cent to 1.669Mt. |
Kerala blames Centre for soaring cement prices27 July 2007, Published under Cement NewsThe Kerala government has blamed the Union Government for soaring cement prices in the country and said the issue would be raise before the Centre soon. The Centre’s inability to take effective steps against cartelisation of cement manufacturers was mainly responsible for steep rise in cement prices, state Finance Minister T M Thomas Isaac told the assembly. Finance Minister P Chidambaram had in April admitted the presence of a cement cartel and its inability to deal with them without effec... |
Higher bid wins over St. Lawrence holdouts26 July 2007, Published under Cement NewsA group of minority shareholders that tried to block an “undervalued” buyout of St. Lawrence Cement Group Inc. by its parent company has decided to throw in the towel. The institutional investors, led by Jarislowsky Fraser Ltd. of Montreal, will now tender their shares to the recently enriched $43.50 a share offer from Holcim Ltd. Jarislowsky Fraser was unhappy with Holcim’s initial proposal, made in February, to buy out minority shareholders of the Montreal-based cement maker for $36.... |
Pakistan cement export to India: Govt’s help needed to finalise deals26 July 2007, Published under Cement NewsPakistan’s cement industry has been unable to get direct approval for cement export to India and has asked the federal government to take effective measures to get the deal finalised with Indian importers. “We have properly asked the federal government to get approval from Bureau of Indian Standards (BIS) as a number of Pakistani companies have applied for it,” said Aizaz Shaikh, chairman All Pakistan Cement Manufacturers Association (APCMA). “I think that without political interference, th... |
Vietnam’s BIDV insures Binh Phuoc cement plant26 July 2007, Published under Cement NewsBIDV Insurance Co (BIC) signed a VND4 trillion (US$250m) deal with Ha Tien 1 Cement Co to insure the Binh Phuoc Cement Plant. "Contract bidding to choose an insurance company for Binh Phuoc Cement Plant took place publicly so we could select the best company with competitive premiums for this very large cement plant in the south," Ngo Minh Lang, director of Ha Tien 1 Cement, was quoted on BIC’s website. The 4.8 trillion cement plant will produce about 2Mta when it is complete. |
Greece’s Titan Cement H1 net seen up 11 per cent to EUR133.7m26 July 2007, Published under Cement NewsGreece’s Titan Cement first-half net profit is seen rising 11 per cent to EUR133.7m YoY when it announces results today, boosted by robust southeast European operations. In a consensus poll taken by Thomson Financial News of six leading analysts, first half year group net profit forecasts range from EUR127m to EUR140m, from EUR120.3m from the same time last year. ’The second quarter is expected to be another good quarter for Titan, both in terms of sales and profitability, boosted ... |
Circle Cement to rehabilitate limestone quarry26 July 2007, Published under Cement NewsCircle Cement is working on logistics to reclaim the more than 100-metre deep limestone quarry near Chikurubi Maximum Prison, the Herald Business has learnt. In an interview, Circle Cement acting managing director Mr Jonathan Shonhiwa said the rehabilitation of the limestone quarry would cost about $10 billion. Disused quarries, like Epworth’s "Sleeping Pool", have become death traps over the years or convenient dumping grounds for stolen vehicles, stripped of their parts. But... |