Cement News tagged under: international
Indian prices show no signs of relenting22 January 2007, Published under Cement NewsAfter being range-bound for over six months, cement prices have once again started to rise across the country. In New Delhi, for instance, cement is now selling at over Rs 215 per bag of 50 kg, compared to less than Rs 200 per bag in early October ’06. On a year-on-year (YoY) basis, the increase in retail price works out to over 25%. Though definite prices are not available for other major centres such as Mumbai, Chennai and Kolkata, a similar price trend is expected in these cities as w... |
Jidong Cement’s annual operational results up 50%-100%22 January 2007, Published under Cement NewsJidong Cement reported its operational results yesterday. The company realised a net profit of RMB127.725,591.75 in 2005, with the earnings per share reaching RMB0.1327, In 2006 the company’s net profits are expected to have increased by 50%-100% over the 2005 figure. The main reason for this change is that the company’s subsidiaries formally operated indivually, thus increasing output. The company strengthened management so as to reduce the average cost of cement cost per ton. The company... |
ACC to enhance Wadi plant22 January 2007, Published under Cement NewsIndia’a ACC plans to enhance capacity at its Wadi plant in Gulbarga district of Karnataka, as part of its overall expansion plans to meet growing demand for the material in the country. From the existing 4.6Mta, the capacity would be increased to 5Mt, while the overall installed capacity in the 11 existing units of ACC would be increased to 20Mt in the next few years, according to Mr Arvind Pathak, Business Head for South & West Region. Stating that the supply-demand situation for cement w... |
Italcementi to invest in Bulgarian upgrade22 January 2007, Published under Cement NewsItalian cement giant Italcementi Group will spend BGN 360m (Blugarian lev) on the upgrade of its Devnya Cement plant in the northeastern Bulgarian city of Devnya, the company said. Italian cement giant Italcementi Group will spend BGN 360m (Blugarian lev) on the upgrade of its Devnya Cement plant in the northeastern Bulgarian city of Devnya, the company said. The reconstruction will make the production process more environment-friendly and will raise the plant’s capacity by some 50 per cen... |
Lafarge Shui On Cement inaugurates a new production line, China19 January 2007, Published under Cement NewsLafarge Shui On Cement announces today the inauguration of a new production line at the Dujiangyan cement plant in Sichuan province in south-west China. Representing a total investment of US$58m, the new line will double the production capacity of the Dujiangyan plant, taking it to 3Mt, from 1.4Mt. This investment will be value-creating for the Group as from 2007. The Dujiangyan plant is ideally located to supply the market of the city of Chengdu. It is one of the most modern cement plants ... |
PPC won’t profit from imports, South Africa19 January 2007, Published under Cement NewsCement producer PPC says it is not going to profit from imported cement that the company has had to bring into South Africa to meet growing cement demand in the construction industry. PPC CEO John Gomer-sall says that “logistics costs have increased, putting additional pressure on cement margins”. He notes that the company’s imports might run into several million bags over this period and that the undertaking is a large one with long lead times and supply lines in foreign exchange and ship... |
Indonesia’s Gresik passes profit target19 January 2007, Published under Cement NewsPT Semen Gresik Tbk has said that the company’s 2006 net profit increased by 30% from IDR1.02 trillion in 2005 to IDR1.32 trillion, compared with the target of IDR1.12 trillion. The President Director of Semen Gresik Dwi Sutjipto said the company’s revenue should have reached IDR8.1 trillion, compared with the target of IDR8 trillion. "The unaudited financial report of 2006 shows that the revenue has increased by 16% from IDR7.53 trillion in 2005, while the net profit has increased b... |
India Cements plant in Himachal delayed by six months19 January 2007, Published under Cement NewsThe Chennai-based India Cements Ltd proposed plant in Himachal Pradesh has been delayed by at least six months as costs have gone up by Rs.2.5bn, officials here said. India Cements and the Himachal Pradesh government signed a memorandum of understanding (MoU) in May last year to set up a Rs.7.5bn project at Gumma in Shimla district, 150 from here. According to officials, the company has informed the state government about the enhanced costs and another detailed survey would have to b... |
Ukraine cement output up 12.9%, 200619 January 2007, Published under Cement NewsUkraine’s cement output grew by 12.9 per cent YoY to 13.732Mt in 2006, data of the State Statistics Committee showed. In December alone, cement production jumped by 43.2 per cent YoY, but declined by 10.6 per cent month-on-month, to 1.049Mt. The country’s overall cement production rose by 12.7 per cent on the year to 13.683Mt last year, according to estimates of local cement producers’ association Ukrcement. The total output of the 12 companies members of Ukrcement climbed by 11.5 ... |
Indian cement makers’ profit seen soaring18 January 2007, Published under Cement NewsIndian cement companies should report robust quarterly earnings growth helped by higher prices and strong demand, a trend expected to continue in coming months on rising investment in roads, bridges and houses. India is pouring money into infrastructure projects such as airports and highways to feed an economy expanding by more than 8 per cent a year, while rising affluence has spurred a housing boom. "The ongoing upturn in the cement cycle is expected to be sustained at least for a furthe... |