Cement News tagged under: international
Pakistan cement sales up 33% in first 10 months08 May 2007, Published under Cement NewsPakistan local producers sold 19.73Mt in the first 10 months of the current fiscal, rising by 32.95 per cent from 14.84Mt sold during the same period of the last year, according to latest data provided by the cement manufacturers. Their capacity utilisation stood at 79 per cent. They sold 17.27Mt in the local markets and managed to export 2.45Mt. They had sold 13.63Mt in the local markets and exported 1.2Mt in the same period last year. Manufacturers of the north zone sold 14.36Mt ... |
New plants in UAE set to ease shortages08 May 2007, Published under Cement NewsThe cement shortage affecting the UAE’s construction industry, and which has seen prices rocket, should ease shortly with new factories coming on line, reported ArabianBusiness.com. The Union Cement Company is set to open a plant in Ras Al Khaimah within weeks which will produce 10Mta of cement. Another facility in Fujariah, with an output of 3Mta, should open before the end of 2007. |
Iran ups cement output08 May 2007, Published under Cement NewsIran is set to produce around 42Mt of cement in the current Iranian year, which began on March 20, up from 35Mt last year, according to a senior government official cited by the Tehran Times. Mohammad Hossein Bassiri, the Deputy Minister of Industry and Mining, said it was hoped a lift of a further 10Mt will be produced next year. |
Some relief in cement prices, India08 May 2007, Published under Cement NewsFinance Minister P Chidambaram’s efforts to bring down cement prices have finally borne fruit as cement manufacturers have introduced cuts in prices. Cement prices have come down by Rs 2-5 per 50kg bag in certain regions. “Our company has announced a price cut of Rs 4 per 50-kg bag in our markets with effect from today. The industry is supportive of the government’s efforts to check inflation,” said HM Bangur, chairman and managing director of Shree Cements, a leading player in North Ind... |
Lafarge sees higher demand for cement, Malaysia08 May 2007, Published under Cement NewsLafarge Malayan Cement Bhd expects cement demand to rise considerably in the second half of this year as construction projects under the Ninth Malaysia Plan (9MP) get implemented. President and chief executive officer Alain Crouy said the construction industry should get a shot in the arm in the later part of the year. Alain Crouy said: “We hear that the order books of some developers and contractors are fast filling up and this should lead to increased purchase of raw materials, includi... |
Sibirskiy Cement to construct plant in Kazakhstan08 May 2007, Published under Cement NewsSibirskiy Cement intends to construct a cement plant in Kazakhstan with a capacity of 1.2Mta of cement. Investments will total RUR5.25bn. The construction is expected to be completed in 2010. Equipment will be supplied by Polysius AG, a part of ThyssenKrupp (Germany), the company said in a statement. |
HeidelbergCement says may make offer for Hanson04 May 2007, Published under Cement NewsHeidelbergCement AG said on Thursday it was looking at the possibility of acquiring British building materials company Hanson Plc. Shares in Hanson shot up to close 20.4 per cent higher at 1,025 pence on the announcement, valuing the world’s largest supplier of sand and gravel for buildings at around 7.3 billion pounds ($14.6bn). " HeidelbergCement is currently reviewing its options with respect to its interest in Hanson, including the possibility of seeking to acquire the company,... |
Lafarge boosts first quarter margins04 May 2007, Published under Cement NewsLafarge increased turnover by 6.2% in the first quarter of 2007 to EUR3,695m. The underlying EBITDA rose by 28.6% to €575m and the running profit before tax improved by 26.0% to €451m. Capital gains of EUR148m, compared with a EUR 3m loss in the comparative period last year, led to an almost trebling of the pre-tax profit (up 2.94 times) to EUR 317m, while the net profit jumped from EUR 70m to EUR 397m. Net debt at the end of March was 9.4% lower than a year earlier at €7,650m... |
Australia Rinker Investors Hold Back From Cemex Bid04 May 2007, Published under Cement NewsRinker Group Ltd investors said Friday they are holding back from taking up Cemex’s US$14.25 billion takeover offer because they believe the bid undervalues Rinker with prospects of a recovery in the U.S housing market later in the year. Two weeks before the US$15.85 (A$19.36) cash a share offer closes, the Mexican company said it has only garnered 1.7% of the stock, a fraction of its 90% minimum acceptance condition, despite Rinker board’s recommendation. Investors said they wer... |
Indocement plans US$75m capital expenditure this year04 May 2007, Published under Cement NewsIndonesia’s second largest cement maker PT Indocement Tunggal Prakarsa (JSX:INTP) said it will spend up to US$75 million in capital expenditure this year. Company Executive Director Kuky Permana said the fund will be used to finish modification of a number of its factories and to build installations for alternative fuel. Its Finance Director Christian Kartawijaya said the company will retain part of its net profit in 2006 for new investment. Last year, the company, which is 65.... |