Cement News tagged under: international
Binani revives stake sale plan in cement arm, India08 November 2006, Published under Cement NewsBinani Industries has revived its plan to float 10.9 per cent equity of its cement arm Binani Cement Ltd through a public issue. the company said it had withdrawn the draft prospectus filed with SEBI in February for sale of 10.9 per cent in the cement arm. the prospectus will be re-filed with J.P. Morgan Special Situations (Mauritius) Ltd to dilute part of its 25 per cent equity stake in Binani Cement bought from Binani Industries in September for Rs 250 crore (Rs 49.2 per share). ... |
Romania to register double increase as against estimates08 November 2006, Published under Cement NewsThe Romanian cement market has increased over the first nine months of 2006 by 20 per cent, which is against the value estimated at the beginning of the year, while by the end of December, the sales might reach EUR450m, accounting for approximately 7.3Mt. The large number of extensive real-estate projects in Bucharest led to an increase that exceeds the average sales of cement and concrete all over Romania. "This summer alone we registered an increase in deliveries in Bucharest, up by... |
Chinfon’s clinker production rises, Vietnam08 November 2006, Published under Cement NewsChinfon Cement Co has produced 1.2Mt of clinker and 1.8Mt of cement by the middle of October, 65,000t more than last year’s corresponding period. The company has sold over 1.75Mt of cement, 200,000t more than in the same period last year. The company plans to sell 2.4Mt of cement in 2006 and to keep a stable price in the market. |
China to build cement factory in Cape Verde08 November 2006, Published under Cement NewsChina plans to build a cement factory in Cape Verde at a total investment of US$55m, as part of a package of trade agreements that China signed with 10 African countries Sunday in Beijing. The construction of the factory on Santiago Island is a “strategic objective” for Cape Verde as it will support the construction of infrastructures in the country, financed by the United States, the European Union (EU) and the World Bank. “The intention is, not only to supply the domestic market in this ... |
JK Cement to start work for Karnataka plant by December08 November 2006, Published under Cement NewsJK Cement today said it proposes to start construction work for its three million tonne greenfield plant at in Karnataka by the end of December this year. "Currently the land for the proposed plant in Karnataka is being acquired and we have already acquired 80 per cent of the factory land and propose to start work at site by December this year or by the last quarter of the current fiscal," company’s Chief Financial Officer A K Saraogi told PTI here. The estimated project cost, exc... |
Carib Cement pays out additional compensation08 November 2006, Published under Cement NewsCustomers claimed an additional J$100m in compensation from Caribbean Cement Company in the September quarter, according to reports from the ’Jamaican Gleaner,’ pushing overall demand for damages so far for being sold a poor quality product to J$260m, the latest figures from the company show. The company had made provisions of J$160m for the claims. However, a 15 per cent price increase in July - the company’s third in a year - plus a 5.5 per cent increase in sales volume, not only he... |
Holcim set for improved Q3 results as price hikes offset energy costs07 November 2006, Published under Cement NewsSwiss cement maker Holcim Ltd is due to announce an after minorities net profit of sfr569-711m , or sfr638m on average, on Wednesday, up from sfr525m one year ago, with higher prices and efficiency improvements likely to compensate for rising energy costs, analysts said. Analysts also expect an EBITDA of sfr1.766-1.833bn, or an average of sfr1.806bn, after sfr1.464bn, with the EBITDA margin likely to reach 25.9-28.0 per cent, or 27.1 per cent on average, after 26.4 per cent. Net sal... |
Italcementi Q4 sales growth unlikely to exceed 10 per cent07 November 2006, Published under Cement NewsItalcementi SpA managing director Rodolfo Danielli said sales growth in the fourth quarter is unlikely to exceed 10 per cent compared to a year earlier. ’I would be surprised to see another ten per cent growth as we have seen in the last quarters because the fourth quarter in 2005 was extremely good,’ Danielli said in an analyst conference call. In the third quarter Italcementi’s sales rose 12.0 per cent YoY. On cement market trends for the fourth quarter, he said prices in Italy... |
Thailand’s cement industry: Back from the brink07 November 2006, Published under Cement NewsBank of Thailand’s latest statistics indicate a mild recovery in domestic cement consumption in September of 2.4Mt, increasing 5.3 per cent YoY while domestic price remains flat MoM but increased 4.3 per cent YoY. For 3Q06, domestic cement consumption was 7Mt, increasing 3.6 per cent YoY and entering into positive territory for the first time since 4Q05. On the export side, September’s export volume decreased 2 per cent to 1.3Mt, continuing the negative trend seen in August. Thanks to s... |
Vietnam-based company Lilama 18 to build cement plant in Cambodia07 November 2006, Published under Cement NewsLilama 18, a subsidiary of the Vietnam Machinery Installation Corporation (Lilama), and Seam Cement Co. Ltd. signed a contract to build a cement plant in Cambodia’s Kampot province on Oct. 30. The plant will cost US$6m and have a capacity of 1Mta of clinker. Lilama 18 also continues to bid for other contracts for building cement and electric plants in Cambodia. Meanwhile, Vietnamese producer Chinfon Cement Co has produced 1.2Mt of clinker and 1.8Mt of cement by the middle of Octo... |