Cement News tagged under: international
Gulf Cement Company has no plans to raise prices29 March 2007, Published under Cement NewsThe Gulf Cement Company, UAE yesterday announced the company has no plans to raise cement prices, especially after the company implemented a major expansion plan which almost tripled its production of clinker and will at least double its cement production. Shaikh Omar bin Saqr Al Qasimi, chairman of the company’s board of directors, said: "The company does not have the intention to raise cement prices and prices will be totally left to the supply and demand scheme." He added that cement ... |
Indian rail freight hike to squeeze margins29 March 2007, Published under Cement NewsBarely three weeks after they agreed to hold the prices, Indian cement companies are preparing for more cost hikes. This time it is a railway freight hike owing to a 6% busy season surcharge levied on the commodity. While the busy season surcharge during April-June has become a yearly phenomenon, this year cement manufacturers will feel the pinch because they can’t pass it on to the end consumer following the pact they made with commerce and industries minister Kamal Nath earlier this mon... |
Changes to CAC Board of Directors29 March 2007, Published under Cement NewsThe Cement Association of Canada (CAC) is pleased to announce the appointment of Mr. Jim Brown, President and Chief Operating Officer of Lehigh Northwest Cement Limited, as Chairman of its Board of Directors, effective March 19, 2007. He succeeds Mr. Alan Kreisberg, who stepped down after serving as Chairman for two years, and will remain on the Board as a member representative. Jim Brown is President and Chief Operating Officer of Lehigh Northwest Cement Limited, the British Columbia-ba... |
Reduced Saudi cement production hits Bahrain construction28 March 2007, Published under Cement NewsA production problem that has halved the cement output of a Saudi factory in the eastern province could spell disaster for Bahrain’s construction industry, the Bahrain Chamber of Commerce and Industry (BCCI) warned Tuesday. The chamber in response urged a strategy which adopts increased cement imports from neighbouring countries and the establishment of cement factories in Bahrain. The BCCI warned that in light of the acute cement shortage failure to take urgent and effective action would ... |
Semapa’s Secil cement unit seeks full control of Cimentos da Madeira28 March 2007, Published under Cement NewsSecil, the cement division of Semapa SGPS, wants to acquire full control of cement maker Cimentos da Madeira, according to a press release on the Portuguese competition authority website. The AdC said that it received on Jan 30 a notification regarding the acquisition by Secil of Madeira-based Cimentos da Madeira. According to press reports, Secil and Cimpor reached an agreement early this year to exchange assets in the Portuguese island regions of Azores and Madeira. Under the deal, Seci... |
Camargo Correa builds cement plant in Uruguay28 March 2007, Published under Cement NewsBrazilian firm Camargo Correa announced that it will invest US$130m in a cement manufacturing plant in Paysandu (Uruguay). In a first phase, investments amount to US$60m and in a second US$70m. The plant is set to start operations by the first half of 2009. Brazilian development, minister and trade minister Luiz Furlan, during a visit to Montevideo, signed an agreement to set up a regasification plant of Petrobras and the cement plant of Camargo Correa as well as an automobile agreement. ... |
Holcim Romania sees domestic cement market up 15 per cent in 200728 March 2007, Published under Cement NewsHolcim Romania on Tuesday projected a 15% growth of the domestic cement market in 2007 and a similar rise in its own sales. The company posted sales of 774 million lei (US$307m) in 2006 backed by a robust rise in construction activity in Romania ahead of the country’s EU accession. "For this year we estimate a 15% increase of the cement market [...] due to infrastructure development projects and the increase in residential projects", the company said in a statement, adding that its... |
Beni Suef Cement’s 2006 profit up 71 per cent28 March 2007, Published under Cement NewsThe Egyptian company Misr Beni Suef Cement made net profit of E£227.7m (US$39.9m) in 2006, 71 per cent more than in the previous year, the stock exchange said on Tuesday. The company’s net profit in 2005 was E£132.8m. |
West China Cement FY pretax profits double, considering new plant in Shaanxi28 March 2007, Published under Cement NewsWest China Cement Ltd said its full-year pretax profit more than doubled on a 29 per cent sales hike, and said it is considering building a new plant in Shaanxi province. The company, which listed on AIM in December via a UK£22m fundraising, reported a pretax profit of CNY86.30m in the year ended Dec 31 compared with CNY40.02m the last year, as sales rose to CNY307.32m from CNY238.24m. The company added that it is well-positioned to benefit from the increasing consolidation in the ... |
Zambia’s second cement plant to start production28 March 2007, Published under Cement NewsZambezi Portland Cement (ZPC) in Zambia’s northern city of Ndola, Copperbelt Province, will start cement production between August and September this year, local newspaper Times of Zambia cited a company official as saying on Tuesday. ZPC Managing Director Antonio Ventriglia said the company had already installed the pre-heater tower and would soon start the mining of limestone, used in the cement manufacturing process. Ventriglia said ZPC had invested US40m dollars in the plant an... |