Cement News tagged under: international
Cemex 3Q net up 24% to $836m, Mexico26 October 2006, Published under Cement NewsCemex registered a 24% year-over-year gain in third-quarter net profit, beating analyst expectations with higher-than-anticipated sales growth. Cemex, the world’s biggest supplier of ready-mix concrete and number three cement maker, said lthat net profit rose to $836m from $675m in the year-earlier period. That included an extraordinary gain of about $100m from the sale of its 24.9% stake in Indonesian conglomerate PT Semen Gresik in July. Cemex’s 8% increase in consolidated sales to $... |
Cementos Lima to expand Atocongo plant, Peru26 October 2006, Published under Cement NewsPeruvian major cement producer Cementos Lima plans to invest US$120m to expand the capacity of its cement plant in Atocongo, in the metropolitan area of the country’s capital Lima, the company’s CEO, Carlos Ugas The investment will allow Cementos Lima to reach a production of 5.5Mta. The project will be launched by the end of October 2006 and will be carried out by the end of 2008. Peruvian cumulative domestic cement sales rose to 4.3Mt in 2005, up 9.54 per cent YoY. Cement e... |
Argos freezes cement prices until June ‘07, Colombia26 October 2006, Published under Cement NewsColombian Cementos Argos agreed to freeze the price of a 50kg bulk of cement at COP16,000(US$6.80) until June 2007, after the Colombian government threat of price intervention. According to Colombian legislators, cement prices have risen 56 per cent since the end of 2005, boosting the costs of the local construction sectors. Moreover, cement companies have been accused of collusion. The Colombian cement sector is very concentrated with Argos, Cemex and Holcim the country’s biggest co... |
Lehigh increases cement capacity with investment in Houston terminals, US26 October 2006, Published under Cement NewsLehigh Cement Co. announced that its 50-percent-owned subsidiary, Texas Lehigh Cement Co. LP (Texas Lehigh), has made an investment in Houston Cement Co. LP, which owns two Portland cement import terminals located along the Houston ship channel. Houston Cement Co. is expected to have an annual throughput capacity of as much as 3Mt. As a result of this investment, Texas Lehigh owns a minority interest in Houston Cement Co., with Ash Grove Texas and Alamo Cement Co. II Ltd. owning the remaini... |
Cement industry awaits roll-out of 9MP, Malaysia26 October 2006, Published under Cement NewsSince the Government unveiled the RM220bn Ninth Malaysia Plan (9MP) some seven months ago, the construction industry has waited anxiously for projects to be rolled out. With only two mega projects - the RM2.8bil second Penang bridge and the RM7bil Klang Valley light rail transit new line and extension - put up for tender so far, industry players like cement and steel companies are hopeful that the new projects will benefit them. The Cement & Concrete Association of Malaysia executive dir... |
China curbs rapid investment in cement sector25 October 2006, Published under Cement NewsFixed asset investment in China’s cement sector dropped by 2.63 per cent year on year to 23.2bn yuan (US$2.9bn) for the first eight months of this year, said a government official here on Tuesday. Zhang Li, an official with the National Development and Reform Commission (NDRC), told an international cement conference, which kicked off here Tuesday, that China’s rapid investment in the cement industry has been curbed and the industry’s structure has been improved thanks to a series of go... |
Siam Cement: 4Q Net Profit To Exceed THB5bn25 October 2006, Published under Cement NewsSiam Cement PCL’s President Kan Trakulhoon said Wednesday he expects the company’s net profit in the fourth quarter to exceed THB5 billion. He also expects the fourth quarter operating profit to be higher than in the same period last year. The better earnings outlook is expected to be driven by strong sales at its petrochemical businesses, said Kan. |
Chia Hsin net profit rises sharply24 October 2006, Published under Cement NewsChia Hsin Cement Greater China Holding Corp (CHC) said its net profit for the nine months to to September rose sharply to US$5.14m from US$457,000 a year earlier. Turnover amounted to US$94.27m, up 46.8 per cent from the same period last year. Sales volume of cement and clinker reached 2.81Mt, representing a year-on-year increase of 12.0 per cent. |
Lafarge prepares new plant in Chile24 October 2006, Published under Cement NewsLafarge, controller of Empresas Melon, submitted an Environmental Impact Declaration (DIA) in order to build a grinding plant in Ventanas, V Region. The project involves investments for US$30m and will have an output capacity of 600,000tpa. According to the DIA, the project aims to “supply the country’s increasing demand for cement”. The company is also building a plant in Puerto Montt, which should start operations in 2007, with investments for US$20m. |
Pakistan cement prices ease amid ample supply, low demand24 October 2006, Published under Cement NewsCement prices in Pakistan have come down in the recent weeks, as the production of the local manufacturers has exceeded the demand in the local market. That is also the reason the export of cement has risen to record levels. Locally manufactured cement is now selling at prices as low as Rs240-250 per bag. In March and April this year the prices had risen as high as Rs400 per bag, which had forced the government to allow import of cement and grant subsidy thereon. Even after the imported ce... |