Cement News tagged under: international
Cimpor restructures Chinese ops, takes 60% stake in new company31 May 2007, Published under Cement NewsCimpor has said it plans to restructure its industrial holdings in China after acquiring 60 pct of the Shandong Liuyuan New Type Cement Development Co, Ltd for about EUR2m though its 80 per cent-owned Cimpor Chengtong unit. In a statement, Cimpor said that the acquisition and subsequent reorganisation of its stakes in China will boost its cement production with own clinker capacity to 28Mta and allow it to extract more value from China’s high growth potential in cement. Following t... |
Heracles Cement Q1 net profit rises, Greece31 May 2007, Published under Cement NewsLafarge’s Greek unit Heracles Cement said group net profit rose to EUR18.7m in the first quarter from EUR2.9m a year earlier on increased sales volumes of cement and ready-mix concrete in Greece. It said first-quarter group sales rose 16.4 per cent YoY to EUR164.3m, aided by good weather and higher export prices. It added first-quarter EBITDA came in at EUR37.7m against EUR14.6m a year ago on higher sales, increased export prices and control costs. Heracles Cement said these ... |
Cemex opens cement terminal in Loviisa, Finland31 May 2007, Published under Cement NewsCemex has set up a new bulk cement terminal in Loviisa, Finland. Its reported delivery capacity is 250,000tpa. Bulk cement will be imported in from affiliated operations in the Baltic region and northern Europe. The company also has cement import terminals in Joensuu and Naantali in Finland. |
Government urged to allow use of alternative fuel in cement production, Jordan31 May 2007, Published under Cement NewsThe private sector on Wednesday warned of another hike in cement prices next month in Jordan, if the government does not adopt mid- and long-run solutions, rather than "postponing the problem" through temporary measures. Jordan Cement Factories Company (JCFC), Jordan Construction Contractors Association (JCCA) and the Association of Investors in the Housing Sector called on the government to allow the use of alternative fuel resources. Such an approach would lower the production cost for t... |
10% VAT will cripple industries, says WAPCO31 May 2007, Published under Cement NewsWest African Portland Cement PLC (WAPCO), has reacted to the just hiked VAT from 5-10 per cent by the Federal Government, saying it will cripple industries. However, despite epileptic supply of power and high cost of gas which made the company lost 150,000t of cement, its profit and turnover (sales) in the first quarter of 2007, jumped by 24 per cent, and 14 per cent, respectively. Reacting to the increment in VAT which became effective since last week, Chairman, WAPCO, High Chief Bayo A... |
Cement plant planned for Mtwara, South Africa31 May 2007, Published under Cement NewsA South African bank has shown interest to enter into a joint venture with State Mining Corporation (Stamico) for construction of a cement plant at Mikindani in Mtwara Region. Stamico Acting Board Chairman Ramadhan Hatibu, said the company had held talks with NEDBANK Capital Investment Banking officials who expressed their willingness to invest in mineral and energy sectors. “Preliminary studies have already been conducted at the area but further work needs to be done to determine the actu... |
Turkey’s production rises by 31.5%, Jan-Feb 200730 May 2007, Published under Cement NewsTurkey’s cement production rose by 31.5 per cent on the year to 5.22Mt in the first two months of 2007, according to Cement Manufacturers’ Association (TCMB) data. Of the total, 2.03Mt of cement were produced in the Marmara region, followed by the Aegean region with 854,000t and the Mediterranean region with 805,000t. Cement companies from Black Sea region produced 578,000t and from southeastern Anatolia 508,000t. Output in central Anatolia stood at 419,000t and in eastern Anatolia at 2... |
China’s cement industry continues to grow in April30 May 2007, Published under Cement NewsChina’s cement industry continued to grow in April with cement prices rising over the previous month and same period of last year. Experts attribute the rebounding of the industry to the following reasons: 1. The seasonal demand for cement has increased steadily with the monthly inventory rate dropping to 22 per cent. The cement price kept rising in April. 2. The Chinese government’s policy of supporting the construction of infrastructure and rural areas has boosted demand for... |
Construction slides into South Africa’s driver’s seat30 May 2007, Published under Cement NewsSouth Africa’s economic growth rate slowed in the quarter to March compared with the previous quarter but accelerating growth in the construction industry, which outperformed other sectors, is likely to be a driver in coming months. The economy expanded by an annualised 4.7 per cent in the first quarter, effectively a slowdown when compared with the last quarter of 2006, in which gross domestic product (GDP) grew by 5.6 per cent. On a YoY basis, economic activity increased by 5.4 per ce... |
Producers increases cement prices, Nigeria30 May 2007, Published under Cement NewsCement producers in the country have announced a six per cent increase in the price of each bag of cement with effect from yesterday. This according to the producers is as a result of recent increase in VAT from five per cent to 10 per cent. Federal Government has last week implemented the proposed increase in VAT from five to ten per cent. The producers said given the prevailing high cost of production in the country they have no option than to increase the price to meet with the n... |