Cement News tagged under: international
Duty drawback on cement export restored01 December 2006, Published under Cement NewsThe Central Board of Revenue has restored duty drawback of Rs 25.08/t on export of cement. The board on Thursday amended Schedule XIX of SRO 840(I)/2006 through a notification to implement the decision. The Economic Co-ordination Committee (ECC) of the Cabinet considered the summary submitted by the Ministry of Industries and Production on "Cement Industry situation/prices" and decided to restore exemptions on federal excise duty (FED), sales tax and duty drawback on exported cement; whil... |
SAI Operates Cement-Packaging Terminal01 December 2006, Published under Cement NewsCement producer PT Semen Andalas Indonesia (SAI), a company associated in Lafarge Group, has started operating a cement-packaging terminal with the monthly production capacity of 70,000t at Pelindo I port in Dumai. "The new terminal is SAI’s solution to meet demands from Riau and its surroundings," said President Director of SAI Marcel Cobuz during the inaugration of the terminal recently. The inauguration of the terminal, which is built with US$4.5m in investments, was made by Dum... |
China’s Cement industry sales income increases in first 10 months01 December 2006, Published under Cement NewsAccording to the latest statistics, as of October 2006, the sales income of China’s cement industry totaled RMB254.309bn, up 25.92% YoY. In following with the steady increase of output and sales income, the total profits also kept increasing. The total profits of the entire cement industry reached RMB10.101bn, up by 1.26 times over 2005. |
Lafarge acquisition01 December 2006, Published under Cement NewsCement producer Lafarge’s aggregate and ready-mix business has acquired the Mpumalanga aggregates quarry and ready-mix operations of White River Crushers. Lafarge aggregate and ready-mix business MD Ulrich Aumuller tells Engineering News that the privately negotiated deal follows an acquisition of the Knysna quarry last year and that the company is looking at other expansion plans. The operations will ultimately be held by Lafarge Mining, the unit under which the new aggregate business wil... |
Turkish demand to reach 42Mt this year30 November 2006, Published under Cement NewsDomestic cement demand is expected to reach 42Mt this year, said Burhan Evcil, board member of Turkish Cement Manufacturers’ Association. This translates to a 20% Yoy increase from 35Mt last year. The main reason behind the increase is the boom in construction sector. In Q2, the construction sector was the most rapidly expanding sector, as it was the case in previous quarters; it rose by 13.7% YoY. Turkey, with 58 production facilities, has the capacity to produce 41Mt clinker and 53Mta ... |
Heidelberg expands in India30 November 2006, Published under Cement NewsGerman cement major, Heidelberg Cement, is strengthening its position in India. After buying a controlling stake in Mysore Cement in July, it has now acquired two grinding units in Kerala, according to local news reports. Heidelberg officials in India were not available for comment. An industry analyst said, "Although these grinding units are small in size, it will help Heidelberg consolidate its position in one of the most stable markets in the south. It is more a strategic fit for Hei... |
Assocham pitches for peak custom duty reduction30 November 2006, Published under Cement NewsNew Delhi, Nov 29 (PTI) Industry chamber Assocham today pitched for lowering peak custom duties rate to 10 per cent in the Union budget for 2007-08, from the existing 12.5 per cent. In a pre-budget deliberation, Assocham’s indirect taxation committee co-chairman Krishna Kant said customs duty rates have been reduced by 2.5 per cent in this fiscal’s budget and there is need to reduce it further by 2.5 per cent. Peak customs duty can be reduced to 10 per cent on all the goods, except agri-pro... |
Holcim projects 15% growth in 200730 November 2006, Published under Cement NewsHolcim Romania, the domestic subsidiary of Switzerland’s construction materials manufacturer, forecasts its turnover will reach EUR225m in 2007, Ziarul Financiar daily reports on Thursday. "This year, we’ll witness growth by some 16-18%, above our initial expectations of 10-12%, owing to the rising consumption of cement and to the expansion of the overall construction market. In 2007, we estimate our turnover will increase by 15%,", general manager with Holcim Romania Markus Wirth said. ... |
Florida Rock 4Q profit rises30 November 2006, Published under Cement NewsFlorida Rock Industries Inc, said Wednesday its fiscal fourth-quarter profit grew 14 per cent as higher product prices and a lower tax rate helped offset a weaker residential construction market. Quarterly net income rose to $53.3m, or 80 cents per share, from $46.5 m , or 69 cents per share, in the year-ago period. Net sales rose to $326.6 m from $320.8 m . Total sales, including freight revenue, grew to $336.5 m from $328.5 m . Wall Street, on average, had been expectin... |
Rinker Rejects Cemex bid, Mexican firm may walk29 November 2006, Published under Cement NewsRinker Group Ltd Wednesday said the US$11.7 billion hostile bid from Cemex SA is "far too low", pressuring the world’s third largest cement maker to sharply improve its terms or walk away from Australia’s largest takeover offer. The Australian building materials company said Mexico-based Cemex could afford to pay 38% more and still be ahead while leaving the door open for talks next week when Hector Medina, the second most senior Cemex executive, arrives in Sydney. Buying Rinker wil... |