Cement News tagged under: international
HeidelbergCement To Raise Cement Prices In 200707 August 2006, Published under Cement NewsGermany’s HeidelbergCement AG said Friday it will raise cement prices starting early 2007. Chief Executive Bernd Scheifele said Friday in a telephone press conference the company currently isn’t achieving a positive return on assets in Germany. In order to change this, the company must raise prices for cement by at least Euro 7 a tonne, he said. According to Scheifele, the company hasn’t been able to pass on to its customers the 20 per cent rise in energy costs that occurred within the ... |
Twiga Cement crisis yet to be resolved07 August 2006, Published under Cement NewsOver 180 casual labourers of a Dar es Salaam-based company, Hoageys (T) Limited, who were verbally fired on Thursday this week, have vowed to continue assembling at the company’s grounds pending final settlement of their dues. The company fired them allegedly for non-compliance to contractual agreement for loading, off loading and other daily chores at one of the country’s leading cement producing companies, Twiga Cement Limited. The move was allegedly in retaliation to having contravened e... |
Saudi Arabia licenses new cement company07 August 2006, Published under Cement NewsSaudi Arabia has licensed al-Jouf Cement Co, a firm with a paid-up capital of 1.02 billion riyals (US$267m), the state news agency SPA said on Sunday. The planned company is at least the fifth to be announced since May to boost cement production to help cope with a real estate boom and huge infrastructure projects. The previous projects were worth some $1.5 billion. The ministry last year licensed projects worth 21.6 billion riyals to treble cement production to some 68Mt per year. currentl... |
HeidelbergCement Q2 operating profit jumps04 August 2006, Published under Cement NewsHeidelbergCement reported operating profit of EUR498m (up from EUR325) operating profit on Friday, thanks to a recovery in demand in Europe, strong growth in North America and cost cuts. In the first half of the year, cement and clinker sales volumes rose by 16% to 36.6Mt (previous year: 31.5). Excluding changes in the consolidation scope, the increase amounted to 10.8%. Demand in the European countries and the Africa-Asia-Mediterranean Basin Group area experienced particularly lively de... |
’Cement Plants Should be Built Overseas’04 August 2006, Published under Cement NewsRising demands for cement from the international market should be responded by the national cement producers by constructing cement plants overseas, especially in countries that have huge market and abundant stock of raw material. Secretary General of the Department of Industry Agus Tjahajana Wirakusumah, who is also President Commissioner of publicly listed PT Semen Gresik, argued that it was not a wise decision for some national cement companies to export their cement amidst the declining... |
Vietnam supplies pours 18.8Mt of cement04 August 2006, Published under Cement NewsThe Vietnamese cement industry produced 18.8 million tonnes of cement in the first seven months of the year, said the Ministry of Construction. Domestic cement makers have a combined annual production capacity of 32 million tonnes of cement, meeting 85 per cent of domestic demand, said the Vietnam Cement Association. The industry expected to be able to meet 100 per cent of local demand by the end of 2009. - VNS |
Romcim sales up 24.2 per cent YoY H1 200604 August 2006, Published under Cement NewsCement producer Lafarge Romcim registered a 24.2 per cent YoY increase in sales value and a 21.4 per cent rise in volume in the first half of 2006. Lafarge Romcim expects its 2006 turnover to go up by seven per cent on the year to 680m new Romanian lei ($245.74m). French Lafarge has invested over 300 mln euro ($383.6 mln) in the Romanian building materials market since it entered the country in 1997. The company has also set aside another EUR100m (US$127.87m) for investments between 2... |
Lafarge improves volumes and margins, investment plans in China03 August 2006, Published under Cement NewsLafarge’s turnover increased by 21.3% to EUR 8,759m and the EBITDA by 31.5% to EUR 1,699m. The trading profit before exceptional items pushed ahead by 40.6% to EUR 1,177m, while the net attributable profit advanced by 52.7% to EUR 548m. In part reflecting the buying out of the North American minority, the net debt rose by 34.9% to EUR 10,610m, while capital expenditure increased by 50.2% to EUR 691m. Group cement deliveries increased by 7.3% to 62.6Mt, with ready-mixed concrete deliveries r... |
JK Cement to invest INR7.5bn in new plant, India03 August 2006, Published under Cement NewsJK Cement Ltd. will invest more than INR7.5bn to set up its fourth plant in the southern Indian state of Karnataka to increase marketshare in the region, a senior official said. The company hopes to commission a 3Mta grey cement plant by September or October 2008, A.K. Saraogi, JK Cement’s president for corporate affairs and chief financial officer, told Reuters over phone from Kanpur. "There is an infrastructure and construction boom in the region. We are looking at the Maharashtr... |
Brennand sets cement plant in Minas Gerais, Brazil03 August 2006, Published under Cement NewsThe Brennand group, from Pernambuco state, is to invest R$286m in setting up a cement unit at Sete Lagoas (Minas Gerais); works will begin in 2007 and should be concluded as of 2009. The unit would have capacity of 910,000 tons per year and generate 1,000 direct & indirect job positions until works are finished. With such project Brennand is resuming investments in the sector (currently led by Votorantim with a 40% stake), as the group sold off its three cement units by US$594m in 1999. ... |