Cement News tagged under: international
Indian producers asked to stabilise prices03 May 2006, Published under Cement NewsThe government has requested the Cement Manufacturers Association to call a meeting of its members urgently and decide on steps for lowering of cement prices, instead of waiting for the rainy season when cement prices automatically tend to fall. Conveying this at a meeting held under his chairmanship here this afternoon to discuss the recent increase in cement prices, Dr. Ajay Dua, Secretary (Industrial Policy & Promotion), Ministry of Commerce and Industry, also indicated that the position ... |
ACC says April cement shipments up03 May 2006, Published under Cement NewsIndia’s second-biggest cement producer, Associated Cement Companies said on Wednesday its April shipments rose 5.7 percent to 1.66Mt from 1.57Mt from a year ago. The Mumbai-based company also said April production totalled 1.66Mt, up 8.5 per cent from 1.53Mt a year ago. |
Eagle Materials positive gains03 May 2006, Published under Cement NewsEagle Materials has just reported financial results for the fourth quarter ended March 31, 2006 and for fiscal year 2006. Eagle also issued guidance for the first quarter of its fiscal year 2007. Eagle produces and distributes Gypsum Wallboard, Cement, Recycled Paperboard and Concrete and Aggregates. For the fiscal year ended March 31, 2006, Eagle’s net earnings increased 51 per cent to US$161.0m, or $3.02 per diluted share, from US$106.7m, or US$1.91 per diluted share, for the previous f... |
GCC launches new works03 May 2006, Published under Cement NewsGrupo Cementos de Chihuahua ( GCC) of America hosted a kickoff party for its US$225m cement plant Monday. Federico Terrazas of Mexico, chairman of the board of - GCC of America’s parent corporation - attended the luncheon event at the plant site south of Pueblo. At the event, Grupo Cementos also announced plans to make a substantial gift to benefit the Historic Arkansas Riverwalk expansion. Details were not immediately announced but Terrazas hinted the company may help with the cement... |
Local investors encouraged to buy SG shares02 May 2006, Published under Cement NewsProminent figures urged local investors to purchase Mexico-based Cemex Asia Holdings’ 25.53 per cent stake in the country’s largest cement producer, PT Semen Gresik (SG), to avoid foreign domination of the domestic cement industry. Capital markets expert Dandossi Matram said that the domestic supply of cement would be very vulnerable over the next two years due to limited production capacity. Data from the Industry Ministry show that Indonesia has a total cement production capacity of... |
Cement groups line up expansion plans02 May 2006, Published under Cement NewsThe Indian cement industry could witness an investment of around Rs 20,000 crore over the next one and a half years, as cement companies are adding capacities to meet huge demand in the world’s second largest cement market. During the past one month alone, leading cement majors like Grasim Industries, the Holcim-controlled Gujarat Ambuja and Sanghi Cement, have announced plans to invest around Rs 9000 crore to add capacities in their manufacturing units (reports the Economic Times) Nagpu... |
Cement valuations firm on rising demand02 May 2006, Published under Cement NewsMarket valuations of cement companies in India are on the higher side, based on the enterprise value (EV) per tonne. The top four Indian cement companies are valued at US$150 and above, analysts say. "Companies like Holcim, Lafarge and HeidelbergCement, the top three players in the world with an EV/tonne around US$200, eye markets with 5-6 per cent growth rate. Cement sector in India already has 8-10 per cent growth. The demand-supply gap gives that kind of a valuation to the companies," sai... |
Resources and energy supply hold key02 May 2006, Published under Cement NewsResources and energy sustainability will be the keys to healthy development in the housing market, says the China Cement Association. "Insufficient [land] and energy could pose problems for the housing sector as the area is as equally resource intensive as the steel and cement industries," Liu Zuoyi, director of the association’s information department, said. The mainland’s cement industry reported a decline in profits of more than 38 per cent to 8.05 billion yuan in 2005, partially due... |
Ministry to analyse firms’ production costs02 May 2006, Published under Cement NewsThe Thai Internal Trade Department plans to use an economic production cost analysis system as its guide to assess manufacturers’ requests to increase retail prices. In announcing the new approach yesterday, the department’s director-general, Siripol Yodmuangcharoen, also said the department would reject a request from Siam Cement Plc to increase the retail price of cement. Siripol said the analysis system would allow officials to closely monitor production costs from raw materials th... |
Cementing the No 1 status02 May 2006, Published under Cement NewsAfter making an emphatic move in the telecom arena, buying out Tata’s stake in Idea Cellular for Rs 4406 crore, Kumar Mangalam Birla has turned his attention back to one of his favorite commodity businesses-cement, where his leadership is increasingly coming under threat from international major Holcim. The tycoon has been on the lookout ever since the foreign major got control of both ACC and Gujarat Ambuja. Interestingly, a portion of Kumar Mangalam’s capacity expansion will come from asse... |