Cement News tagged under: international
TCMB elects new chairman11 March 2014, Published under Cement NewsMehmet Göçmen has been elected chairman of the Turkish Cement Manufacturers Association (TÇMB) by board members at the 56th General Assembly meeting last month. Mr Göçmen is currently Sabanci Holding Cement Group President. He has previously held positions at Akcansa and Lafarge. Mr Göçmen replaces Mustafa Güçlü who has served as TÇMB chairman since 2011. Mehmet Göçmen elected as TÇMB chairman The TÇMB, which represents 68 domestic cement plants comprising 49 integrated wor... |
Italcementi eyes Myanmar investment11 March 2014, Published under Cement NewsItalian cement major Italcementi is studying the possibility of entering the Myanmar market in the the next few years, its chief executive has said in a recent interview. Speaking to The Nation about Italcementi's growth potential in the Asean region, Carlo Pesenti said: "We are negotiating with a local partner in Myanmar and also studying the country's Foreign Investment [Law]," he said. Italcementi is already active in Southeast Asia through its Jalaprathan Cement and Asia Cement operat... |
Eastern Province full-year profit declines, Saudi Arabia10 March 2014, Published under Cement NewsEastern Province Cement Company (EPC) booked a SAR309m (US$82.4m) net profit for 2013, down from SAR387m a year ago, a decrease of 20.2 per cent YoY. The company attributed the decline to lower sales and higher manufacturing costs as a result of maintenance works. Earnings per share (EPS) stood at SAR 3.59, compared with SAR 4.5. The Saudi-based producer registered an operating profit of SAR298m for the 12 months to December 2013, down from SAR374m a year earlier. |
Reliance begins serving the Uttar Pradesh market10 March 2014, Published under Cement NewsReliance Cement has expanded its footprint in the Indian market by launching its products into Uttar Pradesh. Commenting on the developments, Arvind Pathak, CEO Reliance Cement, said: “Uttar Pradesh is one of the largest cement consuming states in the country with total consumption of around 26Mta. With the ever increasing industrial activities, real-estate, construction and infrastructure, in addition to the onset of various Special Economic Zones (SEZs) being developed in Uttar Pradesh th... |
Italcementi: 2013 turnover declines 5.4%07 March 2014, Published under Cement NewsItalcementi's 2013 turnover declined by 5.4 per cent to EUR4,235.4m while the underlying EBITDA way off by just 1.9 per cent to EUR631.0m. The depreciation charge declined by 6.5 per cent to EUR426.5m and impairment charges dropped by 89.6 per cent to EUR32.1m from EUR309.4m and the previous year's trading loss EUR140.2m was turned into a trading profit of EUR159.3m. Net financial charges rose by 31.1 per cent to EUR123.9m and the contribution from associates declined by 27.2 per cent to ... |
Argos increases cement price in Honduras07 March 2014, Published under Cement NewsArgos Honduras will increase the price of its cement as of Tuesday, 11 March after it received government authorisation to raise prices by HNL8/bag. A 42.5kg bag of Piedra Azul cement will cost HNL168. The company had sought a price hike of eight per cent or HNL11. "We have been meeting with executives from Argos, after more than a month and a half of analysis costs we believe that the company has had significant increases in the structure of its business operations and is able to reque... |
Semen Indonesia inaugurates Banjarmasin packing plant07 March 2014, Published under Cement NewsSemen Indonesia has inaugurated a new cement packing plant in Banjarmasin, South Kalimantan, taking the company’s total number of packing facilities to 23. The plant is estimated to have cost IDR120bn (US$10m), the company said in a statement posted on its website on Thursday. It has a cement silo equipped with two lines capable of packing 2200 bags per hour, the statement said. The new facility will also be equipped with a port that can unload at 300tph which is set to begin operations in... |
Cimsa full-year net profit surges07 March 2014, Published under Cement NewsTurkey-based Cimsa said its consolidated net profit surged 162 per cent to TRL302.3m (EUR99.6m) in 2013. Cimsa’s income from investment activities soared to TRL145.7m in 2013 from TRL11m a year earlier, it said in its consolidated income statement on Tuesday. The company’s consolidated operating profit increased 22.9 per cent to TRL179.5m in the review period. Consolidated revenue rose 11 per cent to TRL954m as domestic sales went up 14 per cent to TRL704m and sales abroad cli... |
Greece: Titan to supply quake-hit Kefalonia07 March 2014, Published under Cement NewsTitan Cement is to provide 500t of packed cement to the earthquake-hit island of Kefalonia, catering for repair works urgently needed in buildings of public interest. The Greek cement major said it will respond to related requests addressed to it directly for the prompt restoration of the most serious construction problems presented in public or municipal buildings, churches, and infrastructure projects, aiming to relieve the inhabitants of the island who were struck by the earthquake. ... |
Cimentos de Moçambique boosts 2013 sales07 March 2014, Published under Cement NewsCimentos de Moçambique, the Mozambican subsidiary of Cimpor, saw a 9.8 per cent rise in sales last year to 1.3Mt as the start up of two new mills and a more “aggressive commercial policy” improved competitiveness in 2013 against imports. The most recent estimates indicate that Mozambique's GDP grew about 6.5 per cent in 2013, led by the construction and agriculture sectors, Cimpor noted in its latest annual report. The domestic cement market continued its upward trend and grew more than th... |