Cement News tagged under: international
Henan Tongli profit declines, China05 March 2014, Published under Cement NewsHenan Tongli Cement Co Ltd earned a net profit of CNY66.38m (US$10.83m) in 2013, a YoY decline of 59.58 per cent, China Business Newswire reported. Meanwhile, operating revenue decreased 2.89 per cent YoY to CNY4bn. The company attributed the downward trend in profit to low production capacity and a decrease in product price. |
TCL sees strong rise in 2013 earnings04 March 2014, Published under Cement NewsFor the year 2013, Trinidad Cement Ltd Group recorded a notable improvement in its financial performance with EBITDA increasing by TTD268.9m, or 174 per cent, to TTD423.4m (US$66.3m). This reflects a margin of 21.8 per cent compared with the previous year margin of 9.6 per cent, the company’s results stated. Domestic cement sales volumes increased by 13 per cent, largely driven by advances in Trinidad and Jamaica, while exports rose 22 per cent and clinker output was up by 15 per cent. T... |
Steppe Cement completes commissioning of Line 504 March 2014, Published under Cement NewsSteppe Cement Ltd announced that its wholly-owned subsidiary, Karcement JSC, has successfully completed the commissioning of the new dry-process Line 5 in Kazakhstan. The new kiln line is expected to increase Steppe Cement Group's cement production capacity by an additional 1.2Mta. "In view of the successful completion, Steppe Cement Group, its board of directors and management wish to congratulate all employees for their commendable efforts especially during the cold winter season whic... |
India sees rise in average nationwide price04 March 2014, Published under Cement NewsCement prices in India increased throughout the country with the exception of the south due to high inventories in the region. On the other hand, prices in the north saw the highest increases due to supply constraints. A report by Money Control (India) stated that the national price was INR304/bag in February compared to INR294/bag the month before. The February increment is the second consecutive monthly increase. Overall, cement prices in the country increased by INR10/bag. Prices i... |
Lafarge plans additional Nigerian spend04 March 2014, Published under Cement NewsLafarge Cement Wapco Plc has revealed plans to invest an additional NGN1bn (US$1.37bn) in the next 3-4 years inline with the company's target of doubling capacity in Nigeria. The company plans to lift its capacity from 8Mta to 16Mta, Guillaume Roux, Country Chief Executive Officer of Nigeria and Benin Republic, told local media. The proposed investment will enable Lafarge complete the expansion of its plant in Calabar and the Ashaka Cement in the North, Roux said. "We have started the ex... |
Cimpor achieves record cement sales and profits03 March 2014, Published under Cement NewsOn a comparative basis, turnover at Cimpor increased by 25.5 per cent last year to EUR2624.5m and the EBITDA rose by 45.5 per cent to EUR691.8m. The trading profit emerged at EUR487m compared with a loss of EUR7.2m in the previous year on an integrated basis, or a EUR305.8m proforma profit on a restated basis, or a 59.3 per cent increase. The net financial charge, on an integrated basis, rose by 23.2 per cent to EUR406.9m, giving a pre-tax profit of EUR80.1m and at the net attributable le... |
Dangote eyes 3Mta Kenyan plant construction03 March 2014, Published under Cement NewsAlhaji Aliko Dangote, president of the Dangote Group, has said his conglomerate is planning to build a greenfield cement plant in Kenya. Dangote made the disclosure during the visit of the Kenyan deputy prime minister, William Ruto, to Dangote Cement Obajana plant in Kogi State, Nigeria, on Friday. The pending plant is slated to have a capacity of 3Mta. The Kenyan deputy prime minister said he was impressed with Dangote’s Obajana, telling local press that “as soon as the remaining two lice... |
Dalmia's Belgaum plant set to lift group capacity to over 20Mta03 March 2014, Published under Cement NewsDalmia Cement Bharat is set to commission its greenfield cement works in Belgaum, Karnataka, in five months, taking total group capacity to over 20Mta. The 2.5Mta plant, situated in Yadwad village, Gokak taluk, will cater to the Karnataka region, Business Line India, reports. “The new plant when commissioned will augment our overall manufacturing capabilities, and expand our annual production capacity from 17Mta to 21.8Mta,” the company said. To build the Belgaum plant, Dalmia Cement ha... |
Lafarge constructing Chipata depot, Zambia02 March 2014, Published under Cement NewsLafarge Zambia is constructing the first cement depot in Chipata District in Eastern Province, valued at US$700,000. The depot will have a cement storage capacity of 3000t. Emmanuel Rigaux, managing director of Lafarge Zambia, said the depot would benefit customers in Eastern Province as cement prices would now be stable. He noted, however, that storage capacity would not be enough to meet demand requirements for the whole province and that the company would increase the number of warehouse... |
Vicem: January cement and clinker output declines28 February 2014, Published under Cement NewsState-owned Vietnam Cement Industry Corp (Vicem) saw output in January fall to 1.44Mt, a 9.4 per cent decline from December 2013 and 19.5 per cent reduction YoY. Of the total, 986,000t of cement and clinker were sold in the domestic market, down 28.8 per cent MoM and 40.2 per cent YoY, while 456,000t were exported, up 120.3 per cent MoM and 219 per cent YoY, respectively. In January, Vicem produced 1.23Mt of clinker and 1.05Mt of cement, down 11.6 and 16.7 per cent, respectively. Th... |