Cement News tagged under: international
Rinker looks for acquisitions after handout, Australia11 May 2006, Published under Cement NewsAustralia’s biggest building materials maker Rinker Group Ltd is fishing for acquisitions as spending on commercial building and infrastructure in the fastest-growing American states keeps a housing slowdown at bay. The concrete, asphalt and cement maker today signalled another strong year of revenue and profit growth as it handed about US$614m ($A794.46m) back to shareholders. The outlook came despite a slowing housing market in the United States, the source of 80 per cent of Rinker... |
Jamaica sends delegation to Cuba to finalise shipment11 May 2006, Published under Cement NewsJamaica is sending a four-member delegation to Cuba on Thursday [11 May] to finalise arrangements for the shipment of 64,000t of cement in the wake of a protracted shortage on the island. Information and Development Minister Colin Campbell said the delegation would be led by the Chief Technical Director in the Ministry of Development, Dennis Morrison and would include representatives of the Caribbean Cement Company (CCC). "We have secured the logistical arrangements for the shipment o... |
Oman Cement Q1 net up 16 per cent11 May 2006, Published under Cement NewsThe 51 per cent government-owned Oman Cement Company (OCC) yesterday reported a 16 per cent jump in its net profit at RO4.943m for the first quarter of 2006. Sales rose to RO11.126m in Q1 2006 compared with RO10.929m in Q1 2005. The company had posted more than 39 per cent jump in net profit for the 12-month period December 31, 2005 at RO18.224m. Its sales grew by 10.5 per cent to 1.82Mt last year. |
Government asks cement firms to justify price hike, India11 May 2006, Published under Cement NewsIndia’s government has asked a body representing cement manufacturers to explain a recent spike in prices and suggest ways they could be moderated, an official said on Wednesday. Commerce and Industry Minister Kamal Nath would meet the cement manufacturers’ association on May 12, Ajay Dua, a secretary at the industry ministry, told reporters. Cement prices have risen to 200 rupees ($4.45) per 50-kg bag from 135 rupees four months ago in India, the world’s biggest market after China.... |
Guidelines on cement import freight subsidy, Pakistan11 May 2006, Published under Cement NewsThe State Bank of Pakistan (SBP) has issued guidelines to the banks for disbursement of freight subsidy for import of cement. The issuance of guidelines is inline with the cabinet in order to reduce the cost of construction and to control the prices of cement in the local market. In terms of the decision made by Economic Coordination Committee (ECC) of the Cabinet last month, the import of cement from all countries, including India by rail, road and sea, has been allowed. Further, freight ... |
Kamal to invest Rs 1,000 cr, India11 May 2006, Published under Cement NewsKamal Cement & Infrastructure Ltd has proposed setting up a 2Mt (in two phases of 1Mt each) cement plant in the Satna district with an investment of Rs 1,000 crore. The company will join hands with the Rashtriya group to set up the unit. The project will be executed on a turnkey basis and will undertake mining, limestone, storage, clinkerisation, cement grinding and packing. The company has also proposed to set up two captive power plants of 30 Mw each at the site. "They are setti... |
Analysts look for higher earnings from Holcim10 May 2006, Published under Cement NewsHolcim could report higher first-quarter profits after the purchase of its third-largest competitor in India and an increased stake in a Chinese partner. Net income may have risen by 32 per cent to SwFr168.5m (US$137m) from SwFr128m a year earlier, according to the median estimate of six analysts in a Bloomberg survey. Sales could have gained 49 per cent to SwFR4.08bn. Holcim reports results tomorrow. Earlier Holcim took control of Gujarat Ambuja Cement, a year after buying a sizeable stake... |
Pakistan lifts ban on cement export to Afghanistan10 May 2006, Published under Cement NewsPakistan has lifted a ban on the export of cement to neighbouring war-battered country Afghanistan, but has increased its custom duties. Representatives of cement manufacturer companies said Tuesday they had been allowed to export cement to Afghanistan with raising custom duty that would soar prices in war-torn country. As long as export of cement to the central Asian country was free of tax, its prices were quite normal, the manufacturers said. The ban was imposed on April 6 and was val... |
HeidelbergCement unit falters, Bosnia10 May 2006, Published under Cement NewsTvornica Cementa Kakanj (TCK), a Bosnian cement plant owned by Germany’s HeidelbergCement, said on Tuesday it had a 2005 net profit of 12.34 million marka ($8m), down from 16.02 million marka profit the company made in the previous year. The company’s assets totalled 156.25 million at the end of 2005, up from 144.02 million marka a year earlier. HeidelbergCement bought initially 51 per cent of TCK from the state in 2000. The German company raised its stake subsequently and has owned 73.94... |
April cement shipments up (and down), India10 May 2006, Published under Cement NewsIndian companies shipped 13Mt of cement in April, up 10.2 per cent from a year ago, an industry body said on Wednesday. Production in April was 12.4 percent higher at 13.2Mt from a year ago, the Cement Manufacturers Association of India said. However, the performance was down from March when shipments were 14.24Mt and production was 14.15Mt |