Cement News tagged under: international
Six-month cement sales register 25 per cent increase09 January 2007, Published under Cement NewsCement sales in Pakistan stood at 9.975Mt during the first six months of the current financial year, rising by 25 per cent compared to the same period of last fiscal. According to figures released by All Pakistan Cement Manufacturers Association, the cement-making companies of the country exported 1.6Mt of cement during this period, which was higher by 37 per cent from the exports of last financial year. Total sales of cement companies mounted to over 11 million tonnes. In December 2006, l... |
Holcim sees strong growth lasting into 2007, continues expansionary course08 January 2007, Published under Cement NewsHolcim’s strong performance leading to record-breaking results in the first nine months carried over into the fourth quarter of 2006, and the group expects growth to continue in 2007, Holcim chief executive Markus Akermann said in an interview with Swiss bi-weekly Finanz und Wirtschaft. ’We have achieved record-breaking results in the first nine months. In the fourth quarter, the positive trend continued,’ Akermann said. For 2007, Akermann expects the pronounced growth to continue in... |
Cemex plans to enter India08 January 2007, Published under Cement NewsFinancial analysts consider it positive that Mexico’s Cemex, the world’s third biggest cement maker, starts negotiations to purchase India’s cement company Deepak Cements and Chemicals. However, the company hasn’t reported about any negotiations yet. Talks between Cemex and Deepak could have started three months ago, but there wouldn’t be an agreement about the prices, according to the Indian newspaper DNA. The media said that the Chairman and CEO of the Indian company, Henmat Pandey, couldn... |
Cement industry profits to hit record figures, 200708 January 2007, Published under Cement NewsAccording to the report ‘Prospects for 2007 and the Economic Operating Situation Analysis on Cement Industry in 2006’, released by the China Cement Association yesterday, the profits made by the entire cement industry will hit a new historic record in 2007. The report predicts that in 2007 China’s demand for cement will exceed 100mt, with the rate of growth exceeding 10%. |
Vinacomin coal price hike approved08 January 2007, Published under Cement NewsVietnam National Coal-Mineral Industries Group (Vinacomin) received the approval by the Prime Minister for the increase in coal prices to its four major customers in the cement, electricity, paper, fertiliser and industries, said the group. The group will make the final decision on detailed increase levels to be harmonised with the demand and supply in the domestic market instead of the proposal submitted by Finance and Industry Ministries in November. Coal prices applied to paper, fertili... |
Lack of proper monitoring hindering due tax levying08 January 2007, Published under Cement NewsThe production of cement in Pakistan is not being strictly monitored in certain factories, which is hindering proper tax audit of the industry for levying taxes, reports the Business Recorder. Sources said on Saturday that the Large Taxpayer Unit (LTU) at Lahore had conducted a tax gap analysis of cement industry, which showed variation in production and tax levy. Tax gap is the difference between the tax which taxpayer should pay and what he actually pays on regular basis. The departmen... |
Cement price hike may backfire: Sabah Umno, Malaysia08 January 2007, Published under Cement NewsThe Economic Bureau of Sabah Umno Youth described the increase in cement price as not in the interest of the people at large. Its Chairman Haji Osman Ahmad said the people’s interest should be the main priority, and not just for profit margins. Domestic Trade and Consumer Affairs Minister Datuk Shafie Apdal recently announced the hike in cement prices, prompting the Sabah Property and Housing Developer to say this opened the possibility to increase in property prices. According to Osman, t... |
Builders cry foul over backdated cement price hike05 January 2007, Published under Cement NewsBuilders and property developers’ are bracing themselves for losses after the Malaysian Government’s decision to backdate price hikes in cement, instead of giving them some lead time. From December 1 2006, the Government lifted ceiling prices for cement by between 3 per cent and 10 per cent. The cement price in Pahang, Selangor, Malacca, Negri Sembilan, Kuala Lumpur and Putrajaya increased from RM198 a tonne to RM219. In Perlis, Kedah, Penang and Perak, the new price is RM217 a tonne... |
Texas Industries 2Q net income rises05 January 2007, Published under Cement NewsCement maker Texas Industries Inc. on Thursday said fiscal second-quarter net income rose sharply, helped by increased prices and a gain from a settlement. Net income for the quarter ended Nov. 30 more than quadrupled to $28.7m, or $1.09 per share, compared with a profit of $6.2m, or 26 cents per share a year ago. Excluding an after-tax gain of 47 cents per share from the settlement of the long-standing US antidumping order on Mexican cement, net income was 62 cents per share. Revenue... |
Limak Cimento investments, Turkey05 January 2007, Published under Cement NewsGultekin Akyusek, general coordinator of Limak Cement Group, said that the company would build three cement plants this year. The new plants which will have a total production capacity of 4.5Mta, will be built in the Marmara, Aegean and Central Anatolia regions. Limak will also build mix ready-mix cement facilities, added Akyusek. The group plans to have 20 ready-mix cement facilities by end-2008. Limak increased cement production capacity of its three plants, namely Ergani, Kurtalan and ... |