Cement News tagged under: international
Lafarge gets its best improvements from Eastern Europe10 November 2006, Published under Cement NewsLafarge’s turnover for the first nine months increased by 17.9% to EUR13,863m and the rose EBITDA by 23.5% to EUR2,959m. The trading profit before exceptional items rose by 29.3% to EUR2,181m, while the net attributable profit grew by 41.8% to EUR1,096m. Net debt was 36.3% higher at EUR10,261m to give a gearing level of 88.7%, with the buying out of the North American minority being the principal reason for the rise in the debt. Cement shipments in the period rose by 6.7% to 98.3Mt, while r... |
PCA: housing drop contributes to lower forecast for cement10 November 2006, Published under Cement NewsAccording to the most recent forecast from the Economic Research department at Portland Cement Association (PCA) although cement consumption is not projected to decline, only marginal gains are expected. The fall forecast, presented last week at the PCA Board of Directors Meeting in Sea Island, Ga., by chief economist Ed Sullivan, revises cement consumption growth for 2006 to an increase of .6 percent. An even more modest growth rate of .3 percent is expected in 2007 with more robust tre... |
Akcansa nine-month 2006 net profit rises 49%10 November 2006, Published under Cement NewsTurkish cement producer Akcansa booked a net profit of US$94m for the first nine months of 2006, up 49 per cent on the year, the company said on November 8, 2006. Sales went up 38 pct to US$298m and EBITDA jumped 64 per cent to US$115m. Gross profit margin stood at 35.8 per cent, EBITDA margin at 38.6 per cent and net profit margin at 31.5 per cent. Akcansa’s improved results were attributed to the steady demand for cement on the local market in the period, brokerage HSBC Yatirim... |
Pioneer Cement lays foundations for the future10 November 2006, Published under Cement NewsPioneer Cement LLC, a joint venture between India and Ras Al Khaimah producing 1Mt of cement was inaugurated yesterday by Shaikh Saud Bin Saqr Al Qasimi, Ras Al Khaimah Crown Prince and Deputy Ruler. The plant is a joint venture between the RAK Investment Authority and the Indian company Penna Cement Industries Limited. The Pioneer Cement Plant with the state of the art technology was set up in a record of 16 months at a cost of Dh400m. The project was financed by Arab Bank, HSBC Limited, ... |
Asia provides the main growth at Holcim09 November 2006, Published under Cement NewsFor the first nine months of 2006, Holcim increased turnover by 30.5% to SFr17,514m (EUR11,155m) with the EBITDA advancing by 28.2% to SFr4,489m (EUR2,859m). Net debt at the end of September stood at SFr12,892m ( EUR8,108m), which is 4.3% lower than a year earlier. Cement shipments rose by 25.1% to 103.8Mt, with ready-mixed concrete deliveries rising by 16.7% to 32.8Mm³ and aggregates shipments increasing by 12.89% to 138.0Mt as the deliveries of downstream products slowed down in the thir... |
Strong cement growth drives further expansion at PPC, South Africa09 November 2006, Published under Cement NewsSustained double digit growth in cement demand has resulted in the domestic industry reaching full capacity according to Pretoria Portland Cement Ltd (PPC) who released their full year results to September, today. Commenting on the results John Gomersall, chief executive officer of PPC said: “Regional cement sales grew 17% year-on-year and boosted market share as PPC supplied an increased customer base.” “Both the residential and non-residential construction sectors continued to exhibi... |
Danareksa to join cement project in Central Java, Indonesia09 November 2006, Published under Cement NewsState-owned trust company Danareksa has agreed to partly finance the construction of a Rp 4.5 trillion (about US$500m) cement plant to be built by Semen Gerobogan in Central Java. Semen Gerobogan general manager Tonny Santoso said Tuesday that Danareksa had signed a letter of intent (LoI) to become one of the financiers for the cement plant, which when completed will have a production capacity of 2.3Mta. However, Tonny refused to disclose any details on the size of Danareksa’s inve... |
Himachal targets 14Mta of production, India09 November 2006, Published under Cement NewsHimachal Pradesh is aiming to produce 14Mt of cement every year soon in light of the fact that the area contains some of the best limestone mines in India. "At present, three cement plants produce 4.2Mt of cement every year, but with the setting up five new plants the production in the next few years could touch 14Mta," said Kuldeep Kumar, state industries minister. He said the hill state ranked sixth in limestone reserves of the country. Kumar said Himachal was the only state i... |
Vietnam producers request price adjustment09 November 2006, Published under Cement NewsThe Ministry of Construction and the Vietnam Cement Corporation have asked the government to increase cement prices as coal prices are about to increase. According to the Vietnam Cement Corporation, the cement industry is facing many difficulties and this moment is suitable for the adjustment of cement prices. The corporation’s representative said that the negotiations between the corporation’s leaders and representatives of the Vietnam Coal and Minerals Corporation didn’t result in a fina... |
HeidelbergCement expects ’significant double-digit’ growth for 200608 November 2006, Published under Cement NewsFor the first nine months of the year, HeidelbergCement increased turnover by 19.4%, or by 14.6% on an underlying basis, to EUR6,852m, with the EBITDA advancing by 31.8% to EUR1,464m and the running profit before tax showed a 48.6% rise to EUR1,064m. Cement shipments increased by 14.4% to 58.8Mt, which represents an underlying increase of 8.9%, while ready-mixed concrete deliveries rose by 11.1% to 23.19Mm³ and aggregates shipments advanced by 14.0% to 76.57Mt. Capital investment amounted ... |