Cement News tagged under: international
7Mt of surplus cement by June-end, Pakistan23 April 2007, Published under Cement NewsPakistan’s cement industry is likely to produce 7Mt surplus cement by the end of current fiscal year ending June 2007, followed by another 12Mt surplus production during next fiscal year 2007-08. Sources in the cement industry told Daily Times that the industry is estimating at shipping some 10Mt cement to India through Dubai or directly across the border. According to them, the latter would be a better option, as it would become more economical for the Indian manufacturers, which despite f... |
Guyana government mulls ending tariff waiver on cement23 April 2007, Published under Cement NewsGuyana’s Minister of Tourism, Industry and Commerce, Manniram Prashad, has indicated that TCL Guyana’s (TGI) state-of-the-art cement bagging terminal can adequately supply the cement needs in the Guyana market and therefore “the waiver of the Common External Tariff (CET) can now be lifted. The CET was waived to allow the importation of extra-regional cement to meet the short fall in supply. The minister, during a tour of the bagging facility on Wednesday, expressed satisfaction at the level... |
Al-Barah Cement Factory sales exceed YR10bn23 April 2007, Published under Cement NewsThe total value of Barah Cement Factory sales exceeded YR 10.131 billion in 2006. This is the first time the factory’s sales exceeded the 10 billion rial mark, according to Dr. Ahmed Saeed al-Malsaai, general manager of Al-Barah Cement Factory. Sales in 2005 had reached a respectable YR 8.4 billion, he said. “Al-Barah Cement Factory has achieved great successes in various fields of business, in continuation of the successes achieved in the previous two years. In terms of cement production,... |
Cement industry gathers, sets hardened targets through 2010, Vietnam23 April 2007, Published under Cement NewsDomestic demand for cement this year was expected to reach 35Mt, a YoY increase of 10 per cent, Vietnam Cement Association chairman Nguyen Van Thien told the 9th Cement Trade Conference yesterday. "The cement industry is viewed as one of the important industries in building and developing the economy, as well as in the industrialisation and modernisation of Vietnam," Thien told attendees. "During 2001-05, this industry developed rapidly, with a growth rate of 10.4 per cent." "2006 was a y... |
Option for cement roads to reduce maintenance cost23 April 2007, Published under Cement NewsContractors are encouraged to replace asphalt with cement in the construction of roads frequently used by heavy vehicles to reduce the cost of maintenance, Works Minister Datuk Seri S. Samy Vellu said Monday. He said the cost of maintenance of bitumen roads applied with asphalt, a tar material processed from petroleum, went up in tandem with the rise in fuel prices. "When bitumen peaked at RM1,300 per tonne some time in 2006, studies showed that the initial construction cost for typical as... |
Cemex 1Q net seen suffering from tough YoY Comparison20 April 2007, Published under Cement NewsCemex is expected to report a drop in first-quarter net profit due to the absence of a one-time gain enjoyed in the year-earlier period, while topline growth should remain modest despite continued weakness in the U.S. Cemex is expected to generate a net income in a range of around US$375m to US$450m, according to analysts surveyed by Dow Jones Newswires. That would come in below the $505m profit the company posted during the first quarter of 2006, though most of the difference can... |
Italcementi: 2007 margins in line with last year20 April 2007, Published under Cement NewsItalcementi yesterday predicted growth in Europe and major development in emerging countries as it forecast 2007 margins in line with those achieved last year. It will aim to reduce costs by looking at alternative sources of energy, and will invest 650m-700m euros over the next four years in structural improvements to factories. Shareholders yesterday approved the accounts for 2006, which show profits of 112.3m euros and an ordinary unit dividend of 0.36 euros. They also appointed a new... |
India ACC 1Q net up 54.9% boosted by higher prices20 April 2007, Published under Cement NewsIndian cement maker ACC Ltd Thursday said its fiscal first quarter net profit surged 54.9% on year, driven by higher cement prices. The company, which is India’s largest standalone cement maker by sales volume, said it expects its production to rise in line with that of the cement industry, which is likely to fare well in the near term due to the country’s booming housing and infrastructure sectors. However, analysts expect recent measures by the government to curb inflation to cr... |
Peru’s cement, construction cos’ Q1 growth seen booming20 April 2007, Published under Cement NewsPeru’s construction and cement companies likely benefited from rising domestic demand and strong economic growth in the first quarter, analysts say. Peru’s robust growth has propelled cement and construction company shares to double digit gains on the Lima Stock Exchange so far this year. Some observers, including President Alan Garcia, are forecasting growth in gross domestic product of some 8.0% this year, following an 8.0% rise in GDP last year. "The construction sector grew... |
Competition: ECJ dismisses cartel damages claim20 April 2007, Published under Cement NewsIn the case of Holcim v Commission, the EU Court of Justice confirmed on 19 April that the European Commission is not liable for costs arising from a cartel fine which was quashed on appeal. It follows the opinion of Advocate-General Mengozzi given on 11 January 2007 (see Europolitics 3225). However, the ECJ declined to rule on the issue of whether there was a causal link between the Commission’s action in wrongly imposing the fine and the damage suffered by the applicant. The Court held, ra... |