Cement News tagged under: international
Semen Padang surpasses production target28 June 2007, Published under Cement NewsState cement maker PT Semen Padang said on Wednesday its net profit in 2006 rose 33.39 per cent to Rp242.6bn from a year earlier on higher demand for its product. Semen Padang produced 5.3Mt of cement last year, surpassing the production target of 5.1Mt, the company’s president director, E Irzal, said. Compared to 2005, the production in 2006 represented a 3.9 per cent increase. The company has set itself the target of selling Rp3 trillion worth of cement this year. |
Beiliu Conch’s first 5000tpd clinker line operational28 June 2007, Published under Cement NewsA 5000tpd cement production line funded by Anhui-based Conch Cement Company’s subsidiary, Beiliu Conch Company, in Beiliu City, Guangxi Zhuang Autonomous Region, went into formal operation on June 22nd, according to news by Anhui-based Conch Cement Company. |
Pakistan cement prices rise amid strong rains28 June 2007, Published under Cement NewsTwo Pakistan cement companies have raised prices of their products during the last few days despite sluggish demand, said dealers. They said that Dadabhoy Cement has raised the price of ordinary Portland cement to Rs232 per 50kg bag from Rs 222-224. Lucky Cement, the largest producer of cement in the country, pushed its price to Rs240 from Rs238 the other day. Dealers said the cement companies have been raising their prices by small amounts in the recent months. The price raise comes despi... |
DIPP wants cement to be under ’core sector’, India28 June 2007, Published under Cement NewsThe department of industrial policy and promotion (DIPP) has opposed the move by the coal department to remove the cement sector from the “core sector” category. As a result, the cement sector will get less coal from Coal India Ltd, which supplies 80 per cent of the fuel at a fixed notified price through fuel sale agreements. The new coal distribution policy proposes to put the cement sector into the “other sector” category. In the proposed policy, only power, fertiliser and defence sect... |
Italcementi moves into China27 June 2007, Published under Cement NewsThrough Ciments Français, Italcementi has acquired 100% of the shares in Fuping Cement from the Chinese group Zhejiany Guangyu for around US$70m. This marks the first entry of Italcementi into the Chinese cement market and the group has indicated its intention to build up a meaningful presence there. Fuping Cement has a single cement plant in the Shaanxi province of central China with a 1Mta integrated cement works that went into production in June of last year. Approvals have already b... |
St. Lawrence buyout bid gains more opposition27 June 2007, Published under Cement NewsMontreal investment manager Jarislowsky Fraser Ltd. has recruited more minority shareholders of St Lawrence Cement Group Inc to try to block the buyout of the company by its controlling shareholder Holcim Ltd. Earlier this month Jarislowsky Fraser, run by outspoken investor advocate Stephen Jarislowsky, put out a statement saying Holcim’s $40.25 a share buyback offer undervalued the company. Now several others have joined Mr. Jarislowsky and written to Holcim saying they will accept noth... |
Sunshine Cement launches EUR54m investment programme27 June 2007, Published under Cement NewsSunshine Cement, the Queensland joint venture between Adelaide Brighton and Boral, is building a new cement grinding centre at its plant in the port of Brisbane to take advantage of the growth in the Queensland construction industry. The total planned investment of Aus$85m (EUR54m) also includes additional clinker and cement storage as well as fly ash storage and processing facilities and additional conveyors for discharging ships. The investment is aimed at increasing Sunshine Cement’s an... |
Prosperity Minerals FY pretax profit up 37 per cent; revenues rise 46 per cent27 June 2007, Published under Cement NewsProsperity Minerals Holdings Ltd said its full-year pretax profit increased 37 per cent and it expects further progress in the current year. The cement manufacturing and iron ore trading group said pretax profit for the year to March 31 was US$45.9m, compared with US$33.6m last year, while revenues rose 46 per cent to US$331.3m from US$226.4m. It said the full-year results were achieved despite a weather-affected first half and difficult trading conditions in July and August, partic... |
Anhui Conch to sell additional 200m A-shares to finance projects26 June 2007, Published under Cement NewsChina’s Anhui Conch Cement Co Ltd said its board has approved the sale of an additional 200m A-shares to both institutional and individual investors to fund several cement and power generation projects. In a statement to the Shanghai Stock Exchange, the company said proceeds from the share sale will be used to construct 32 cement and power generation projects which cost 12.04 bln yuan. The plan is subject to shareholders’ approval. |
Belarus’ cement output up 15.3% YoY, January-May26 June 2007, Published under Cement NewsBelarus’ cement output increased 15.3% YoY in January-May to 1.466Mt, according to data from the Statistics Ministry. Belarus’ OAO Krasnoselskstroymaterialy, based in the Grodno Region, turned out 666,247t of cement, up 10.8% on the year, to Br67.836bn. Cement exports declined 19% to 101,825t. State-owned Krichevtsementnoshifer, located in the Mogilev Region, increased output by 26% to 452,300t worth Br45.4bn. Exports declined 44.4% to 43,500t. State-run Belarusian Cement Pla... |