Cement News tagged under: international
Ukraine production up 21.4 per cent23 July 2007, Published under Cement NewsUkrain production increased 21.4 per cent to 6.921Mt in the first six months of 2007 YoY. June saw 1.4Mt of cement produced, a 7.4 per cent increase over June 2006, the State Statistics Committee reported. |
Vietnam Produces 17.5Mt of Cement in H123 July 2007, Published under Cement NewsVietnam’s cement factories are estimated to have produced 17.5Mt of cement in the first half of this year, up 12.3% on-year and fulfilling 49.5% of the full-year target, said the Ministry of Construction. The industry has planned to invest VND11.1 trillion ($964m) into its undergoing cement projects this year in a bid to churn out 36Mt of cement in 2007 and import over 2Mt of clinker, said a senior official. Vietnam will have 10-12Mt cement surplus in 2010-2012 and become ASEAN’s l... |
Thai TPI Polene Q2 net profit rises, beats forecast23 July 2007, Published under Cement NewsTPI Polene (TPIPL), Thailand’s third largest cement firm, said on Friday its second quarter net profit more than doubled, beating analysts’ expectations. TPIPL’s April-June net profit rose to THB877.7m ($26.11 million) from TH342ma year earlier, the company said in a statement. It was higher than a THB769m net profit in the first quarter. Broker Kim Eng Securities had forecast a second quarter net profit of THB547m. The company’s six-month net profit rose to THB1.65bn from... |
Shiva cement to expand capacity23 July 2007, Published under Cement NewsShiva Cement Ltd has approved its proposed plant expansion to 2.6Mta at a board meeting on July 21, 2007. Shiva is proposing to expand its plant’s capacity in a memorandum of understanding with the Government of Orissa. |
Prosperity Minerals Chaodong Gets Regulatory Approval23 July 2007, Published under Cement NewsProsperity Minerals Holdings Ltd said Monday that the share restructuring at Anhui Chaodong Cement Co. Limited has now received all the necessary regulatory approvals. This means that Prosperity’s shareholding in Chaodong, a company listed on the Shanghai Stock Exchange of the PRC, is fully tradeable. The Board confirms that on 1st June 2007 China Securities Depository & Clearing Co., Ltd. issued a share certificate to confirm Prosperity’s holding of 80 million Chaodong shares. On Jul.... |
Regulatory ok for Holcim take-over of Bulgaria plant23 July 2007, Published under Cement NewsThe Bulgarian unit of Holcim has secured the approval of the local anti-trust authority for the acquisition of a 90.42 per cent stake in ZSK-Kremikovtzi, a local producer of steel-reinforced concrete products. The anti-trust notification from Holcim specifies that the core business of the ZSK plant is planned to be transferred to third parties before the deal is finalised. In Bulgaria, Holcim owns the Plevenski Tsiment mill, Holcim Quarry Materials, Quarries, Komars and Ekorek Bulgaria. |
Cemex 2Q net profit rises six per cent20 July 2007, Published under Cement NewsCemex said Thursday its net profit rose 6% year-on-year in the second quarter, with sales increasing in all regions around the world where the company operates except for the U.S. Cemex, the world’s biggest supplier of ready-mix concrete and No. 3 cement maker, reported a net profit of $611m, compared with $579m in the year-earlier period. Cemex’s consolidated sales also rose 6% to $4.9bn. Volume increases amounted to 1% in cement, 4% in ready-mix and 1% in aggregates, it said in a... |
Shree Cement April-June net profit up 29 per cent20 July 2007, Published under Cement NewsIndia’s Shree Cement Ltd. on Thursday posted a 29 per cent rise in April-June net profit on improved price realisation and sales, beating analyst expectations. A company official said total sales volumes during the quarter went up by 22 per cent while net price realisation went up by 13 percent. There was also a savings of 27 percent in the company’s interest costs thanks to prepayment of some loans, Executive Director, M.K. Singhi said. |
Cement shares fall as gas squeeze hurts RAK CEment20 July 2007, Published under Cement NewsCement shares in the United Arab Emirates and Oman fell after second-quarter profit at Ras Al Khaimah Cement Co. plunged as a shortage of gas supplies forced it to use more expensive fuels. With gas scarce, cement makers in the UAE are turning to imported coal to fire their furnaces to cope with surging demand for cement as the government of the world’s sixth-largest oil exporter invests petrodollars in infrastructure projects. RAK Cement blamed the gas shortage for the drop in it... |
Holcim Bulgaria gets green light to acquire domestic building materials company20 July 2007, Published under Cement NewsBulgaria’s anti-trust regulator said on Thursday it gave the green light to the local unit of global cement maker Holcim to acquire a majority stake in building materials manufacturer ZSK Kremikovtzi. ZSK Kremikovtzi’s sole valuable asset is a gravel pit near the Bulgarian capital Sofia, Holcim Bulgaria’s CEO Todor Kostov said. He added Holcim Bulgaria could extract between 400,000 and 500,000t of gravel annually from the career, if there was demand from the road construction sector in... |