Cement News tagged under: international
Saudi Cement reports 9.6% rise in 3Q net profit23 October 2013, Published under Cement NewsSaudi Cement Co reported a 9.6 per cent rise in third-quarter net profit on the back of higher domestic sales. The company made SAR229m (US$61.1m) in the July-September quarter compared to SAR209m in the same period of last year, it said in a bourse filing. With around 7Mta of capacity, Saudi Cement operates two plants – Hofuf and Ain Dar. In late 2012 it reopened three of its kiln lines at its Hofuf plant, boosting capacity by 1325tpd. This was followed in May this year by an announcement... |
BTA Bank to finance Standard Cement new line23 October 2013, Published under Cement NewsBTA Bank JSC will act as the main creditor for the construction of Standard Cement factory's second production line in southern Kazakhstan. The funds will be used to acquire equipment for the dry-process line, a statement released on 21 October said. The new 1Mta line will be supplied by Tianjin Cement Industry Research and Design Institute of China. Construction and assembling works will financed by the cement producer. Standard Cement currently operates a 1.2Mta plant on Sairam village.... |
RAK Cement nine month net profit declines, UAE23 October 2013, Published under Cement NewsRas Al Khaimah Cement reported an 86.6 per cent decline in net profit for the nine months to the end of September due to technical stoppage at the plant earlier this year. The UAE-based producer said net profit fell to AED650,000 (US$176,000) compared to US$1.3m (AED4.85m) last year. Sales rose by 3.7 per cent during the 9M13 period to AED182.6m, with domestic dispatches increasing 37 per cent YoY to AED138.7m while exports were down 41 per cent YoY to AED43.9m. The company said that p... |
Lesotho plans 0.2Mta cement plant23 October 2013, Published under Cement NewsLesotho plans to build a 0.2Mta plant to meet cement requirements for the country’s second phase of its Lesotho Highlands Water Project (LHWP) and reduce reliance on imported cement from South Africa. Joshua Setipa, CEO of Lesotho National Development Corporation (LNDC), told South Africa Commercial Prop News: “We are keen on getting phase 2 going as that would stimulate demand and provide much-needed infrastructure.” Lesotho has reportedly begun talks with major cement producers about t... |
Titan looks to boost energy supplies in Egypt23 October 2013, Published under Cement NewsTitan Cement Company has begun discussions with Egypt’s Ministries of Petroleum to boost its energy supplies. In an interview with Egypt Daily News, Titan Cement Company executive VP, Medhat Stephanos, said some Egyptian cement factories have had to scale back production and distribution by an average of 24 per cent due to low and intermittent supplies of natural gas. However, the company has opened dialogue with the Ministries of Petroleum to explore new options: “We have already su... |
Spanish demand falls 22% in first nine months22 October 2013, Published under Cement NewsCement consumption in the first nine months of this year fell by 22 per cent YoY to 8.3Mt, latest data from domestic association Oficemen shows. In September, demand fell to 947,170t, a decline of nine per cent YoY. "The continuing cuts in public works investments are a blow to the activity and jobs in the construction sector, an industry that has been generating wealth and jobs in our country and a benchmark for global efficiency," CEO of Oficemen, Aniceto Zaragoza, said. Citing da... |
Holcim Indonesia secures loan for Tuban Line 2 project22 October 2013, Published under Cement NewsHolcim Indonesia is to receive a loan from the commercial arm of the German development bank KfW Ipex and BNP Paribas for US$98m for a second kiln line project at the new Tuban cement works. “The financing is covered with an Euler Hermes export guarantee based on deliveries and services provided by ThyssenKrupp Resource Technologies,” Stefan Eitel, director team head of Metals & Mining at KfW Ipex said. The loan has a term of 7.5 years and will have a fixed interest rate based on the c... |
Akkord to expand capacity of Gazakh plant, Azerbaijan22 October 2013, Published under Cement NewsAkkord Cement is preparing to more than double capacity at its recently-launched Gazakh Cement plant in Azerbaijan over the next three years. Line No 1 of the Gazakh plant, which was commissioned on 5 July 2013 in the presence of Azerbaijan president Illham Aliyev, has a cement capacity of 1-1.2Mta. SC Endüstri of Turkey was the project’s main contractor. In a second phase of construction involving a 2Mta kiln line, Akkord Cement plans to hike capacity to keep apace with rising domestic r... |
Fauji 1Q boosted by higher sales and prices22 October 2013, Published under Cement NewsPakistan-based producer Fauji Cement reported a 61 per cent rise in profit after tax for the first quarter of the current Pakistan fiscal year to PKR582m (US$5.4m), as higher volumes and prices boost sales. According to analysts at Summit Capital, the company performed well due to sharp increase in its top line which was up by 12 per cent YoY and improved gross margins due to higher cement prices and lower coal expenses. Higher prices and increased sales volumes were the core factors beh... |
Dalmia's new Karnataka plant scheduled for March completion22 October 2013, Published under Cement NewsDalmia Cement (Bharat) Ltd has said its new plant in Karnataka will start production before the close of the current fiscal year and serve the neighbouring state of Maharashtra. Speaking to local reporters, Vipin Agarwa, CEO, South-Cement. Dalmia Bharat Group, told the Business Standardt aht the new 2.5Mta is expected to begin production by March 2014. He further added that the company plans to sell some of its product to the Maharashtra market which offers a good potential. The project h... |