Cement News tagged under: international
Siam Cement 14 pct Q1 net profit fall beats forecasts25 April 2007, Published under Cement NewsSiam Cement PCL (SCC), Thailand’s biggest industrial conglomerate, reported a less than expected 14 percent fall in quarterly earnings on Wednesday as a weak domestic economy hit its construction and cement businesses. Higher petrochemical margins for the quarter lent support for Siam Cement, which makes almost half its profits from petrochemicals, but the rising cost of naphtha would render full-year earnings nearly flat from last year, analysts said. SCC said its January-March ... |
Cement exports dive as building boom eats up supply25 April 2007, Published under Cement NewsSouth Africa’s cement exports plunged 34 per cent last year as the country’s construction and building boom accelerated. Cement exports now represent only one per cent of demand and only 156,256t of cement were exported from South Africa last year, according to the latest Cement and Concrete Review published by the Cement and Concrete Institute. Apart from two peaks in 1999 and 2002, exports have been on a downward path for the past 10 years. In 1999 cement exports totalled clo... |
Vietnam: Work begins on cement production line25 April 2007, Published under Cement NewsWork began on the construction of the second production line for the Nghi Son cement plant began in central Thanh Hoa province, on April 23. The 2.15Mta production line being built at a cost of over US$240m, is a key component of a government plan to develop the country’s exploding cement industry. Chinese firm CNBM will provide and install mechanical and electrical for the new facility. The project is expected to be completed by July 2009 and will raise the plant’s overall ye... |
Albert Frere’s GBL raises its stake in Lafarge to 17%25 April 2007, Published under Cement NewsAlbert Frere’s holding company Groupe Bruxelles Lambert has raised its stake in Lafarge to 17 pct, the group said at its shareholders’ meeting. The group did not exclude the possibility of further increasing its Lafarge stake. In March, French weekly Challenges reported without citing sources that GBL would raise its stake in the French cement group to 20 pct in 2007 in order to fend off potential takeover bids by the KKR private equity fund or Lafarge’s rivals Cemex in Mexico ... |
HeidelbergCement starts construction of Russian cement plant25 April 2007, Published under Cement NewsHeidelbergCement has begun construction of a cement plant worth over EUR200m in Russia’s Tula Region, Bernhard Gebler, the project’s manager, said Tuesday, ITAR-TASS reported. The annual production capacity of the plant will amount to 2Mt, he said. The company plans to complete construction of the plant sometime in 2009. HeidelbergCement is an international cement producer, which operates in more than 50 countries and has two more cement plants in Russia. |
No discrimination between foreign and domestic in cement industry25 April 2007, Published under Cement NewsCompetition Board President Mustafa Parlak has spoken about Turkey’s cement industry, saying that there are no differences between foreign and domestic investors in terms of their rights and liabilities in terms of competition. He said new entries to the cement industry will have no negative effect on the established competition structure of the market, and in particular will not weaken domestic producers, in his evaluation yesterday of recent foreign investments in the cement industry. Pa... |
Govt can’t ban cement cartel: FM25 April 2007, Published under Cement NewsGovernment on Tuesday admitted to the presence of cement cartels and its inability to deal with them without effective competition law in the country. "...As Mr Dhall has said there are well known cartels, especially in tyre and cement industry... I don’t deny that there are many unseen cartels in India’s economy," FM P Chidambaram said. The book, titled Competition Law Today, is edited by Vinod Dhall, a member in the Competition Commission of India. Chidambaram said: "If any law requires ... |
Cement production reaches record high25 April 2007, Published under Cement NewsProduction of clinker in Poland reached 2.37Mt in Q1 2007, an increase of 102.4% compared with the corresponding period of 2006, and cement output soared 184.6% to 2.9Mt, according to the Polish Cement Association. Production of clinker was up 63.3% year on year in March 2007 and cement output jumped by 155.6%. Meanwhile, sales of cement in Q1 2007 increased by 165% in relation to the first quarter of 2006; domestic sales noted a mammoth increase of 165.6%, and exports surged by 148%. |
Cement producers oppose 2007 incentives25 April 2007, Published under Cement NewsLocal cement producers have strongly opposed the plan of the government to extend incentives to new players in the industry, saying it will create an unfair non-level playing field. Cement Manufacturers Association of the Philippines Inc. president Ernesto Ordoñez has sought an audience with Finance Secretary Margarito Teves to clarify the position of the Department of Finance favoring the inclusion of cement in the proposed 2007 Investments Priorities Plan. “We are surprised why DoF took ... |
Cement consumption up by 14% in Q1, Philippines24 April 2007, Published under Cement NewsLocal cement manufacturers are upbeat on this year’s business prospects as consumption of cement grew 14% to 3.285Mt in the first quarter -the highest since 2001. The amount is almost 500,000t more than the 2.883Mt reported during the same period last year, the Cement Manufacturers Association of the Philippines (CeMAP) said. "From 2001, cement consumption remained flat. The first-quarter growth is significant because it is the first since 2001," CeMAP President Ernesto M. Ordonez ... |