Cement News tagged under: international
Lafarge invests to keep pace with growing demand24 November 2006, Published under Cement NewsIn a bid to meet the rapidly growing cement demand in South Africa, Lafarge has committed itself to a number of short- and medium-term infrastructure investments to increase its local production capacity. The largest of these investments, explains newly-appointed Lafarge South Africa CEO Albert Corcos, is the R1.2bn project to increase cement capacity by one-million tons a year at its Lichtenburg cement works in the North West province. The Lichtenburg cement works is, currently, the larges... |
Indonesia October consumption down 15 per cent YoY24 November 2006, Published under Cement NewsDomestic consumption of cement last month, at 2.25Mt, was 15 per cent lower than the 2.65Mt used a year before, with consumption in the provinces of Jakarta and Banten leading the fall, a report by the Indonesian Cement Association shows. The report said cement consumption in Jakarta last month had fallen by 35 per cent YoY to 187,186t and that consumption in Banten had dropped by 45 per cent to 99,163t. It said that in the first 10 months of this year, domestic cement consumption ... |
No relaxation of cement quality standards24 November 2006, Published under Cement NewsThe Cement & Concrete Institute (C&CI) said on Thursday that there will be no relaxation of cement quality standards in the future. In an electronically-disseminated statement the C&CI MD Dr Graham Grieve, said that some cement consumers had become concerned, following recent press reports citing the regulatory division of the South African Bureau of Standards (SABS) as stating that it would not be a legal requirement to have the SABS mark for cement sales in the future. “However, this doe... |
Cypriot Vassiliko Cement net profit rises24 November 2006, Published under Cement NewsCypriot cement maker Vassiliko Cement Works said its consolidated net profit grew to C£5.7m (US$12.8m) in the first nine months of 2006 from C£4.8m (US$10.7m) a year earlier, on the back of higher sales. The company’s cement and clinker sales increased to 1.084Mt for January to September 2006, boosted by higher exports, from 1.016Mt a year ago. Its cement exports in the period rose by 37.5 per cent to 220,000t, while domestic sales edged up 3.4 per cent to 862,000t. Cement consumption in ... |
YTL Corp 1Q net profit down 11% to RM154m24 November 2006, Published under Cement NewsMalaysia’s YTL Corporation Bhd posted a net profit of RM154.13m in the first quarter ended Sept 30, 2006, down 11.8% from RM174.83m a year ago. It announced on Nov 23 that net profit from operations improved 11.5% to RM364.1m from RM326.5m. However, by excluding the group’s employees share option scheme expense of RM5.89m, the net profit from operations would have increased by 13.33%. "This increase in operating profit was mainly attributed to the better performance of the cement manufactu... |
Gresik to postpone construction of new plant23 November 2006, Published under Cement NewsState-owned cement maker PT Semen Gresik (SG) says it will postpone construction of a new cement factory with an annual capacity of 2.5Mt due to weak demand in the country. Construction of the Rp3.5 trillion (US$388m) project, originally scheduled to begin this year, will be postponed until next year, the company’s president Dwi Soetjipto said. In addition, shareholders of the company have not given approval for the project, Soetjipto said. The project is expected to be operat... |
HeidelbergCement leads race for GSCL23 November 2006, Published under Cement NewsHeidelbergCement AG is understood to have emerged as the frontrunner to pick up the promoters’ stake in Gujarat Sidhee Cements Ltd (GSCL), according to local news reports. The Mehtas, who control the mid-sized company, are planning to divest a major part of their over 30 per cent stake in GSCL. Industry circles say several other suitors are circling GSCL: these include Holcim, Cemex and Lafarge SA. It is learnt that the company’s promoters are likely to prefer the German major which figure... |
Bolivian cement sales rise 17.7%23 November 2006, Published under Cement NewsBolivian cement sales rose 17.7 per cent YoY to 1.17Mt in the period January to September 2006, Bolivia’s national statistics institute INE said. The southern region of Chuquisaca concentrated 26.79 per cent of the country’s cement sales, followed by the western area of La Paz with 21.9 per cent, the central area of Cochabamba with 18.59 per cent, the eastern region of Santa Cruz with 16.5 per cent, the southern area of Tarija with 9.56 per cent, and the western area of Oruro with 6.76 per ... |
Russian deputy PM urges cement cos to up production for housing23 November 2006, Published under Cement NewsRussian cement companies should increase their output to 85-90Mt of cement by 2010 from the current 65-75Mt in order to meet goals for housing construction, according to local news reports citing First Deputy Prime Minister Dmitry Medvedev. Medvedev was speaking during his visit to Nevyansky Tsementnik plant, controlled by Russia’s Eurocement Group. The increase is necessary to build 85-90Mm2 of housing per year by 2010, Medvedev said. Eurocement Group plans to increase its output to 34M... |
Spanish consumption up 7.92 per cent YoY Jan-Oct 200623 November 2006, Published under Cement NewsCement consumption in Spain rose by 7.92 per cent YoY to over 46.7Mt in the first 10 months of 2006, the Spanish cement makers association Oficemen said. Cement output in Spain totalled some 45.1Mt, increasing by 6.72 per cent. Spanish cement imports continued growing, standing at 10.4Mt, up 17.5 per cent. Exports went on decreasing by 21.6 per cent to 974,812t. Cement consumption stood at 4.7Mt in October 2006 alone, rising by 12 per cent YoY, while cement output climbed 4.96 per cent to ... |