Cement News tagged under: international
Fauji Cement’s half-yearly profit crosses Rs 366m22 February 2007, Published under Cement NewsThe Fauji Cement Company Limited (FCCL) has earned Rs 366.096m after tax profit in the first half of current fiscal year of 2006-07. This translates earning per share (EPS) of Rs 0.987 as compared to Rs 560.447m after tax profit and EPS of Rs 1.512 in the corresponding period of 2005-06. In a notice sent to the Karachi Stock Exchange (KSE), it was announced that the company earned Rs 541.593m in the period under review against Rs 830.534m in the same period last year. The net sales of th... |
India cement consumption to cross 150Mt this fiscal22 February 2007, Published under Cement NewsWith the capacity utilisation crossing the 100% mark for the first time in January 2007 and two more peak months of February and March left in the current fiscal, cement consumption this fiscal is all set to exceed the 150Mt mark for the first time. The industry is expected to end the fiscal with a despatch of about 155Mt.This has been possible thanks to the overall economic growth in general and more particularly, impressive growth of the realty sector. Cement industry has already despatched... |
Mediterranean find petcoke cheaper option22 February 2007, Published under Cement NewsCement makers in Turkey, Greece and Italy are seeking more steam coal to replace expensive petcoke for 2007 delivery, traders and cement industry sources said. Spot petcoke for delivery within the next three months is currently trading at just under $100/t, they said. Although petcoke has a higher calorific value (cv) than steam coal (7,500kc/kg compared with around 6,000kc/kg for coal), steam coal is cheaper at $78 at cost/insurance/freight (CIF) a ton, they said. Some of the larger Medi... |
India Cements mull merger with Visaka Cement22 February 2007, Published under Cement NewsIndia Cements Ltd said Thursday its board will meet on Wednesday, Feb. 28, to consider a proposal to merge with an associate firm, Visaka Cement Industry Ltd. Mid-sized India Cements didn’t disclose any further details in a notice to the stock exchange. |
German Court finds claim against cement firms cartel admissible22 February 2007, Published under Cement NewsThe Duesseldorf regional court in Germany found admissible the 114 mln euro ($149.8 mln) compensation claims against six leading cement producers accused of price-fixing, according to an interim judgement on February 21, 2007. The affected companies include Dyckerhoff, HeidelbergCement, Holcim, Lafarge, Schwenk Zementwerk, and Cemex, former Readymix. They allegedly have taken part in cartel agreements and offered products at excessive prices for more than ten years. Their customers can c... |
HeidelbergCement FY sales up 18.3 per cent21 February 2007, Published under Cement NewsHeidelbergCement AG said full year 2006 sales rose to EUR9.234bn from EUR7.803bn in 2005 and forecast a ’noticeable’ increase in 2007 full year earnings and sales. It said net profit in 2006 has ’exceeded’ EUR1bn. On Jan 9, the company said net profit would reach about EUR1bn, up from EUR471m in 2005. Measures to restructure and increase efficiency helped the company to achieve a ’significant double-digit’ increase in operating income last year. No figures were provided. In 20... |
Cemex to build plant in Teruel21 February 2007, Published under Cement NewsMexican cement manufacturer Cemex is to invest EUR84.4m in the construction of a new cement plant in Andorra, in the Spanish autonomous region of Aragon. According Aragon’s minister for tourism, industry and trade, Arturo Aliaga, the plant, which will be operational in the first quarter of 2009, will have a cement production of capacity of more than 650,000tpa and create 120 jobs directly. According to Ignacio Madridejos, the manager of Cemex Espana, ’the production of the plant will be... |
Presidential decree liberalises cement sector in Congo21 February 2007, Published under Cement NewsA decree signed Saturday (17 February) by Congolese president Denis Sassou Nguesso has liberalised the price and import of cement. This effectively puts an end to the cement monopoly formerly held by Chinese-owned Société des Ciments du Congo (SCC). Recurring shortages of cement were at the root of this initiative. Indeed, SCC’s productive capacity stands at 100,000tpa, an estimated 200,000t short of the country’s yearly domestic needs. Now that economic actors will no longer be required to ... |
Eurocement Group Business of Uzbekistan boosts Output 16%21 February 2007, Published under Cement NewsAfter being incorporated in the Eurocement Group, the Akhangarancement mill of Uzbekistan tangibly improved performance in 2006. Thus, Akhangarancement’s output rose from 1.15Mt of cement in 2005 to 1.34Mt in 2006, a 16.5% growth YoY. A 1.62Mt cement output is targeted this year. Jointly with the Eurocement Group, Akhangarancement managers continue taking measures to raise equipment productivity and improve the mill’s financial and economic situation. Over 7.5 billion sum was invested in ... |
Cement manufacturers asked to cut prices21 February 2007, Published under Cement NewsThe federal government on Tuesday warned the cement manufacturers that if they did not reduce prices within one week, they would have to face the music. The cement price issue was discussed in a meeting between the federal government officials and cement industry tycoons here, but it apparently failed to yield any positive results. The meeting was attended by the chairman All Pakistan Cement Manufacturers Association, All Pakistan Contractors Association, Association of Builders and Develo... |