Cement News tagged under: international
Holcim (Philippines) Q1 net profit PHP475.9m10 May 2007, Published under Cement NewsHolcim (Philippines) Inc’s first quarter net profit jumped 174 per cent YoY to PHP475.9m, driven by higher sales. Holcim said net sales for the period rose 18.9 per cent to PHP4.15bn pesos as domestic demand for cement grew 14 per cent. In a statement to the stock exchange, Holcim said its operating profit rose 51 per cent to PHP913m. Operating expenses on the other hand, rose 20.3 per cent to PHP318.6m. Holcim (Philippines) is 51 per cent-owned by Cemco Holdings Inc, in ... |
Siam City Cement 1Q07 earnings beat expectations10 May 2007, Published under Cement NewsSCCC reported a 1Q07 net profit of Bt1.1bn, up 0.2% YoY and 64.3% QoQ. The surge QoQ was attributable to the rise in sales volume in the domestic and export markets. The results were 19% higher than the market expected due to higher-than-expected cement sales volume, combined with an improved gross margin following lower production costs. Higher-than-expected sales volume in both domestic and export markets SCCC’s 1Q07 sales were Bt5.9bn, down 3.6% YoY but up 7.1% QoQ. The lower Yo... |
Burnpur Cement plans 1Mt plant in Jharkhand, India10 May 2007, Published under Cement NewsBurnpur Cement Ltd (BCL), a West Bengal-based cement manufacturer, has tied up with ThyssenKrupp Industries India for setting up a1Mt at Patratu in Jharkhand with an eye on the 8-9% demand growth. Ashok Gutgutia, vice-chairman and managing director of BCL, said the plant, to be set up in two phases, will involve a total investment of Rs 500 crore, of which Rs 120 crore will be invested in the first phase expected to be complete by 2008. Gutgutia said BCL has already entered into an agreement... |
Cement dilemma could hit projects10 May 2007, Published under Cement NewsThe UAE’s booming real estate sector is under pressure from a sharp rise in cement prices and restricted supplies, Gulf News reported. Cement product manufacturers told the daily that cement prices have shot up by 15%-20% since the start of the year; and demand is outstripping supply. This could lead to some companies not bidding for contracts without being able to guarantee delivery times or future price, the report said. |
CRH says year started well; European ops outweighing challenging Americas market09 May 2007, Published under Cement NewsCRH has said its the year has started well with a strong performance across its European activities outweighing more challenging conditions in the Americas. In an AGM statement, CRH said its overall trading in the first four months of the year is ahead of last year -- with a particularly strong start from its operations in Europe. Development activity has been brisk with about 400 mln eur invested in acquisitions and investments, including buying a 50 pct stake in Denizli Cement in Turk... |
China’s output of cement in March 200709 May 2007, Published under Cement NewsChina produced 93,086,000t of cement in March 2007. The output in January-March reached 241,818,000t, up 14.5 per cent YoY, according to the National Bureau of Statistics. |
Pretoria Portland Cement Company interim results09 May 2007, Published under Cement NewsSouth Africa’s Pretoria Portland Cement (PPC) reported domestic cement demand continued to grow at double digit levels and is evidence of the strong growth in the South African economy. Increased investment in public-sector infrastructure is materialising rapidly and is likely to offset any slowdown in the rate of growth in the residential building sector following the continued rise in interest rates. Group revenue increased by 19% to R2,6 billi... |
Italcementi’s Medcem JV acquires 20 per cent in shipping firm Sider Navi09 May 2007, Published under Cement NewsItalcementi SpA said its Medcem venture with the Romeo group has acquired a 20 per cent stake in shipping company Sider Navi, in a deal which gives Medcem a say in possible purchases of cement carriers and/or mini bulk carriers by Sider Navi. Under the transaction, Medcem will pay EUR5.2m to Sider Navi’s existing four shareholders and transfer to Sider Navi its White Shark bulk carrier. The deal will also generate a capital gain for Medcem of over EUR2m. Sider Navi, one of the... |
Govt not interested in Cemex plant construction09 May 2007, Published under Cement NewsHonduras’ government is not presently interested in the possibility of Mexican cement company Cemex building a plant in the Central American country, foreign service official Carlos Arturo Bueso told BNamericas. While Cemex has expressed interest in the possibility of building a plant, cement demand in Honduras is presently covered by its three existing plants, one operated by Holcim, another by Lafarge, and a third from a Japanese company, Bueso said. But the government "does no... |
Steppe Cement FY Pretax Profit $21m09 May 2007, Published under Cement News2006 saw Steppe Cement’s sales volumes increase by 4% and selling prices by 11% in Tenge over the previous year. Gross profit grew 11% for the operating company, CAC (Central Asia Cement JSC). During 2006 the Company completed the refurbishment of three of the four wet kilns and, despite the prolonged shutdowns, production for the year was 740,000t of cement, representing a 4% increase over the previous year. The remaining wet kiln was refurbished during February and March of 2007, and ... |