Cement News tagged under: international
Cement prices jump 15% in Feb24 February 2006, Published under Cement NewsCement makers have raised retail prices by about 15 per cent in February following a recent court ruling restricting the loading of cement on trucks, and prices could rise further in March, dealers said on Thursday. Rising investment in houses and roads has also helped prices. Retail cement prices have gone up to about Rs 214 ($4.8) per 50-kg bag in Mumbai from Rs 186 in early February, while in Delhi the prices have risen to Rs 205, dealers said. "Companies raised prices twice in Februa... |
Lafarge benefits from strong 2H23 February 2006, Published under Cement NewsLafarge said full year operating profit was Euro 2.357bn, up seven per cent on the year and up four per cent at constant prices. For the 2H period operating income was up 17 per cent. Net profit was Euro 1.096bn, up five per cent on the year. Sales were recorded at Euro 15.969bn eur, up 11 per cent. The company plans a six per cent dividend rise to Euro 2.55 per share, and an end to scrip dividends to avoid a dilution in EPS. In a statement, CEO Bruno Lafont said Lafarge will restructur... |
Cement Plant Becomes Operational in Quang Binh23 February 2006, Published under Cement NewsThe Vietnamese Song Gianh cement plant, at total investment of VND3.2 trillion ($202.5m), was officially put into operation in central Quang Binh province on February 19. The plant, invested by the Central Construction Corp. (Cosevco), is capable of producing 1.4Mt of cement a year. Major products of the plant are PC-30 cement, PCB-40 cement and PC-50 cement. Vietnam is predicted to consume 31.5-32Mt of cement this year, up 6.8-8.47 per cent against last year. Its demand for cement w... |
Valderrivas cement now controls Lemona23 February 2006, Published under Cement NewsCementos Portland Valderrivas said on Wednesday it now controlled 96 per cent of the share capital of rival cement manufacturer Cementos Lemona after a public takeover offer. Valderrivas, which is a unit of construction group Fomento de Construccciones y Contratas, said it received acceptances from shareholders representing 65.3 per cent of Lemona’s share capital. Valderrivas already owned 30.7 per cent of Lemona. |
Mexico Cemex to offer Ara special deal23 February 2006, Published under Cement NewsCemex and Mexican housing developer Consorcio Ara have signed an agreement, through which the cement company sold an 89-hectare land in Puebla and will supply products at preferential prices. Ara’s Investor Relations Director, Jaime del Río, commented that works in this housing development, named Los Angeles, will begin the next year. The project involves a shopping center and 5300 medium and residential houses. The land sold by Cemex will be paid by Ara over the following years. |
Semen Gresik expects infrastructure surge22 February 2006, Published under Cement NewsPT Semen Gresik, Indonesia’s largest cement maker, expects sales this year to rise on the back of an expected surge in national infrastructure investment, a senior company executive said Tuesday. "We hope our sales this year will hit around IDR8 trillion, compared with an estimate of IDR7.5 trillion in 2005," Chief Financial Officer Cholil Hasan told Dow Jones Newswires in an interview. The company has a net profit target for 2006 of over IDR1 trillion, which would mark an 11 per cent in... |
Law & order concerns Karachi22 February 2006, Published under Cement NewsDr. Muhammad Aslam, President of Lasbella Chamber of Commerce has expressed concern over law and order situation in Hub since past few weeks during which bomb blasts in various localities of Hub have taken place and quite recently as a result of terrorist attack on Attock Cement Pakistan Limited at Hub, three Chinese engineers and a Pakistani Driver were killed. In a statement on Tuesday, he showed his deep concern over such an incident of target killing in the premises of Attock Cement, wh... |
Higher Cement Prices in Ethiopia22 February 2006, Published under Cement NewsIncremental increases in cement prices over the last few months helped boost gross profits of the state-owned Mugher Cement Factory by 46 percent, sources disclosed to The Daily Monitor. The factory has grossed 63 million birr profits in the concluded first half of the current fiscal year, the amount surpassing Muger’s registered profits before tax in the same period the year earlier by over 20 million, according to our sources. The increase in cement prices has also picked up Mugher’s ... |
Cemex Venezuela unit reopens22 February 2006, Published under Cement NewsThe Venezuelan unit of Mexican cement company Cemex (CX) reopened its administrative offices Tuesday after the Seniat tax authority shut them on Monday for bookkeeping irregularities, said a company executive. "The offices are open," said Corporate Director Luis Manuel de Llano. He said Vencemos, as Cemex’s local unit is known, plans to pay a $106,000 tax fine shortly. He added that the administrative closure caused no losses, as the company’s plants remained operational Monday. Vencemos’ ... |
Falcon Cement Company Bahrain22 February 2006, Published under Cement NewsFalcon Cement Company has recently appointed India-based ERCOM Engineering Company to develop the design of the new cement plant which will cover an area of more than two million square feet in the Hufaira Industrial Area. The plant’s first construction phase is expected to take place during the first quarter of 2006 at a total cost of US $45 million. This is the first project of its kind in the Kingdom and is in line with the high demand for building products in Bahrain due to the current c... |