Cement News tagged under: international
Incombank, VNCC cement partnership16 April 2007, Published under Cement NewsVietnam Industrial and Commercial Bank (Incombank) signed an agreement with Viet Nam Cement Corp (VNCC) on Thursday to supply financial services. "I do believe that this co-operation will bring more opportunities for both of us in terms of supporting investment capital, expanding operational networks, diversifying business sectors, and exploiting each partners’ advantages," said Pham Huy Hung, Incombank general director. "The economic alliance is in line with the new development trend of e... |
China Anhui Conch Cement ’06 Net CNY1.48bn13 April 2007, Published under Cement NewsAnhui Conch Cement Co, China’s largest cement producer by output, Friday said its 2006 net profit almost quadrupled from a year earlier, helped by sales growth in rural areas and an increase in exports. The company posted net profit of CNY1.48bn for 2006, up from CNY385.8m in 2005, under international accounting standards. The result was higher than an average forecast of CNY1.1bn from 15 analysts polled by Dow Jones Newswires. Earlier this year, the company said it expects its 2006 net p... |
Sri Lanka sees rich cement export potential from Jaffna plant13 April 2007, Published under Cement NewsSri Lanka has the potential to ship cement to South Indian markets across the Palk Straits if peace comes and a defunct plant in the northern Jaffna peninsular sitting on a rich limestone deposit is rebuilt, a top cement maker said. Manilal Fernando, chairman of Swiss cement giant Holcim’s Sri Lanka unit, said any future revival of Jaffna’s Kankesanturai cement plant depends on peace but offers huge potential economic benefits. Shipping cement to Tamil Nadu from Jaffna would be cheaper tha... |
Venezuela’s Chavez: government could seize cement factories13 April 2007, Published under Cement NewsPresident Hugo Chavez said Thursday that his government could seize control of Venezuela’s cement factories if their owners refuse to lower prices while his government struggles to satisfy rising demand for housing. Chavez, who says his government is transforming Venezuela into a socialist state, said many of Venezuela’s cement factories "prefer to send the product abroad to sell it at high prices rather than offer supplies for the interests of the Venezuelan people." "If the cemen... |
Cement price raised by Rs 10 per 50kg bag, Pakistan13 April 2007, Published under Cement NewsLocal cement manufacturers on Thursday have raised the prices of cement by Rs 10 per 50kg bag in the wake of its rising export orders, dealers said. After this recent upsurge, average quality cement is being sold at Rs 240-245 per bag as previously sold at Rs 230-235 per 50-kg bag. While dealers are selling the prime quality commodity at Rs 255 per 50-kg bag against Rs 245 per bag previously in the domestic market. Dealers said that cement exporters are looking for new opportunities to e... |
Iran completing Syrian cement plant13 April 2007, Published under Cement NewsIran’s Ehdasse Sanat Corp will complete a cement production plant in Syria by the end of the Iranian year on March 20, 2008. "The plant is under construction in the city of Hama and is slated to produce 1Mta of cement," said Ahmad Hallajian, the managing director of the Ehdasse Sanat Corp. He added that the Syrian side is satisfied with the construction process. Ehdasse Sanat is also building a cement production plant in Venezuela. "The plant in Venezuela, under construction in Monayas p... |
Limak Ergani Cimento increases production capacity by 50%13 April 2007, Published under Cement NewsGeneral manager of Limak Group’s Ergani cement factory, Huseyin Sahan, said that the plant’s production capacity was increased by 50%. In 2005, Limak placed the highest bid for Ergani cement plant, which was offered by the saving deposit insurance fund, with USD 120.7mn. Sahan said that the plant’s daily production capacity was raised to 2,300t from around 1,600t. General manager also noted that the company would focus on domestic market this year and projected to sell around 0.65Mt of cemen... |
Orascom to add 10.3Mt of capacity in 200712 April 2007, Published under Cement NewsOrascom Construction Industries increased its turnover in 2006 by 46.7% to US$2,865.3m and the EBITDA advanced by 68.9% to US$778.9m, while the net profit rose by 59.0% to US$464.5m. Capital expenditure last year rose by 113.0% to US$1,415.5m, including the US$252.9m spent on acquisitions, but after deducting divestments of US$4.0m. The net debt at the end of 2006 increased by 47.2% to $1,386.3m. However, shareholders’ funds more than doubled, with the result that the gearing level fell f... |
India cement exports hit record low12 April 2007, Published under Cement NewsCement exports have hit record lows because cement manufacturers are worried of drastic measures including a possible ban on exports after they refused to give in to the government pressures to reduce domestic prices. Finance Minister P Chidambaram is clearly not quite happy with the one-year price freeze agreed to by manufacturers and what followed was the withdrawal of countervailing duty on imported cement to step up the heat. As a result, the companies realized that it’s time to scale ... |
Domestic cement market expected to top EUR600m, Romania12 April 2007, Published under Cement NewsThe Romanian cement market is expected to expand by around 15% this year in terms of volume, helped by a 4-5% price hike. As a result, the value of the cement market could reach around EUR600m this year, boosted by private sector investments. The constructions market achieved a record high growth rate last year, around 20%, the most dynamic growth registered since 1990. The ballooning demand for construction materials generated growth on the cement market, with producers having to make mas... |