Cement News tagged under: international
Workers demand re-start of South India Cement factory14 May 2007, Published under Cement NewsMembers of South India Cement Factory Workers’ Union staged a dharna near the deputy commissioner’s office in the City on Saturday. Members of South India Cement Factory Workers’ Union staged a dharna near the deputy commissioner’s office in the City on Saturday, demanding the re-start of the factory which has been closed since March 2003. The dharna was led by union President Malleshi Sajjan, Shivarudhra Bhini, Manjoor Ahmed, Vithoba, Sharanabasappa, Chandra Naidu, Gurunath, Anand Sadrak,... |
Eastern Europe leads the growth at HeidelbergCement11 May 2007, Published under Cement NewsThanks to the mild European winter, HeidelbergCement’s first quarter turnover increased by 18.1% to EUR2,060.3m, which represents a 20.3% advance at constant structure and exchange rates. Margins widened considerably, with the EBITDA improving by 49.0% to EUR283.2m and the trading profit jumping by 148.8% to EUR158.8m. Capital expenditure in the year to date has amounted to EUR240m, of which EUR137m relate to fixed assets and EUR103m to acquisitions. The net debt at the end of March stood... |
Colombian consumption up 11.2 per cent11 May 2007, Published under Cement NewsThe Instituto Colombiano de Productores de Cemento said that domestic Portland cement consumption reached 2.789,481t from January to April this year. This represents an increase of 11.2 per cent YoY, and a growth of 13 per cent if compared with the same period of 2005. |
Northern Europe leads Cementir’s strong performance11 May 2007, Published under Cement NewsCementir increased its turnover in the first three months of the year by 12.0% to EUR243.3m. Helped by the mild winter in Europe and in Turkey and good market conditions in northern Europe, the EBITDA rose by 25.0% to EUR45m in spite of higher energy costs. The benefits of increased volumes showed through more strongly going down the profit and loss account, with the trading profit rising by 40.2% to EUR27.9m and the pre-tax profit adding 76.0% to EUR26.m%. Net debt at the end of March w... |
Orient Cement reduces price11 May 2007, Published under Cement NewsOrient Cement has reduced the price of its popular brands, Orient Gold and Birla A1 premium cement by Rs 2 to Rs 4 per bag. The measure was in support of the Government’s effort to contain cement prices and pass on the benefit to the consumers, Mr A.K. Kejriwal, Executive Vice-President (Marketing), Orient Cement said in a release. |
Cemex expands operations in Pertigalete, Venezuela11 May 2007, Published under Cement NewsCemex of Mexico has announced that it has expanded its operational and logistical platform in Venezuela so as to increase its supplies of cement to the domestic construction sector. Cemex’s plant in Pertigalete received investment of Bolivar$18bn in this sense and can now offer an extra 500,000 bags of cement per month. Cemex’s Venezuelan sales have risen by more than 116% in the last three years. |
Lafarge to build third plant in Russia11 May 2007, Published under Cement NewsLafarge plans to start the construction of a new plant in Russia’s Kaluga Region south of Moscow in the autumn of 2007, to produce 2.5Mta, according to local news reports. Lafarge has won the tender to develop the Borshchovskoye limestone deposit and use that resource as raw material for cement production, the regional Economics Ministry said. The French company paid RUR400mn ($15.5m) to use the deposit. As of now, the Kaluga Region has no cement plants and imports cement from the adj... |
Cap sought on cement price rise, UAE11 May 2007, Published under Cement NewsLimits must be imposed on the frequency and percentage increase of hikes in the price of cement, say manufacturers of concrete products used in the construction industry. Companies producing products like concrete blocks and road kerbs say regular price hikes totalling 15-20 per cent since the start of the year make it virtually impossible forecast the contracts they can commit to for the year ahead. Cement accounts for around 70 per cent of the cost of producing some concrete items. Accor... |
South Africa cement sales strong10 May 2007, Published under Cement NewsSouth African cement sales accelerated to a 17.8% YoY increase in April to 1.098Mt despite the disruption caused by many public holidays in the month after rising by 15.8% YoY in March, data supplied by the Cement and Concrete Institute showed. This brought the increase in the first four months of 2007 to 16.5% YoY after last year’s 11.0% rise to a record 13.252Mt. This followed a 11.6% gain in 2005, a 17.4% surge in 2004 and a 7.0% climb in 2003. The monthly record of 1.288Mt was achieve... |
UOKiK penalises cement price cartel, Poland10 May 2007, Published under Cement NewsCementownia Ozarow has been ordered to pay a fine of PLN 2m (EUR530,000) for withholding information and obstructing the inspection process, the Office for Competition and Consumer Protection (UOKiK) has announced. The fine was imposed following legal proceedings launched by the UOKiK in April 2006 against 11 cement manufacturers. The government suspects the companies of forging a price cartel, setting the terms of sale, dividing up the market between themselves and exchanging confidential ... |