Cement News tagged under: international
New Ethiopian cement factory to set to start production30 October 2012, Published under Cement NewsA new 1500tpd cement plant, situated in the eastern town of Dire Dawa, is set to start production in a fortnight. Ture Dire Dawa Cement factory has completed its construction and is awaiting approval from the Ethiopian Conformity Assessment Enterprise (ECAE), according Mohammed Amin, public relation officer of the factory. “We have delivered a sample of our products and are waiting for ECAE’s approval to start our operation, Mohammed told Fortune.” The company, named after the late... |
Indian cement prices rise30 October 2012, Published under Cement NewsA positive cement pricing trend which started in September has continued into October across most of India. The national average price of cement in October stood at INR299/50kg bag, representing a 1.7 MoM rise. A disciplined pricing approach by cement producers has helped drive prices upward. An increase in prices in the southeastern state of Andhra Pradesh has been most welcome as the area has not been so profitable in recent times for cement producers active in that area. Furthermore... |
Congo New Cement capacity expansion plans29 October 2012, Published under Cement NewsCongo New Cement Co expects profits to double this year amid increasing demand and plans to increase capacity at its Loutete cement works. Bloomberg reports that the company, a joint venture owned by China Road & Bridge Corp and the Republic of Congo’s government called, expects profit to increase to almost CFA1bn (US$2m) in 2012 from CFA500m last year, Eugene Ngangoue, a director of the company, told reporters today in Brazzaville, the capital. Production at the company’s plant at Lou... |
JK Lakshmi to revive Udaipur operations, India29 October 2012, Published under Cement NewsJK Lakshmi Cements plans to restore operations at its Udaipur cement plants as part of its efforts to double cement capacity in the next two years. "We will be spending nearly INR350 crore for reviving the operations. This will help us add nearly 1.4Mta to our existing capacity, thus enabling us to cater to the growing demand for cement," JK Lakshmi Whole-time Director Shailendra Chouksey told local press. The revival of the plant is expected be completed by September-October 2014. ... |
Siam Cement outlines Southeast Asian expansion plans26 October 2012, Published under Cement NewsThailand’s Siam Cement Group has outlined further details of plans to expand its cement presence in Southeast Asia. According to reports in The Nation, the group is to invest THB11bn to set up a cement plant in West Java, Indonesia with a capacity of 1.8Mta which is scheduled to commence operations in 2015. The board has also approved a THB5.5bn (US$ 357m) investment to increase capacity of the group’s Kampot Cement plant in Cambodia by about 0.9Mta, with the additional output expecte... |
Lucky Cement 1Q net rises, updates on international expansion26 October 2012, Published under Cement NewsLucky Cement has reported a strong rise in profit after tax for the first quarter of the current fiscal year and provided a progress update on its expansion into Iraq and Democratic Republic of Congo. The company declared an after tax profit of PKR2014m (US$21m) for the quarter ending 30 September 2012, representing an increase of 33.79 per cent higher than the same period of last year, thanks to higher domestic sales. Gross profit increased by 32.87 per cent as net sales revenue improve... |
Anhui Conch earnings outlook raised, China26 October 2012, Published under Cement NewsDespite Anhui Conch posting a 67 per cent YoY decline in third quarter net profit, Credit Suisse and Citigroup see an improved outlook for the Chinese cement major. Credit Suisse said that Conch’s results "were solid in the context of a very difficult quarter for the industry”. The house estimates unit gross profit to average at CNY80/t in 4Q12, leading to a potential net profit of CNY2.4bn. "We believe consensus downgrades have come to an end at this point, and estimate that the market is... |
Italcementi to revamp Rezzato works, Italy26 October 2012, Published under Cement NewsLeading Italian cement producer Italcementi said it will invest EUR150m to revamp its Rezzato works. The project is scheduled to start in November and is expected to be operational by the end of 2014. The restructuring will lead to improvement in the environmental and economic sustainability of the plant, CEO Carlo Pesenti said. The project aims to cut production costs by 23 per cent and reduce specific consumption of raw materials by eight per cent. The company has been in the ... |
Keeping pace with demand26 October 2012, Published under Cement NewsUpdates this week from the Latin American cement sectors of Colombia, Bolivia and Peru show buoyant market conditions prevail and some local producers are expanding capacities to capture a greater share of market growth. Colombia Earlier this week, Cementos Argos reported that it has seen a continued upward trend in its domestic market of Colombia where current economic growth forecasts, the recovery of the sovereign-grade investment and government infrastructure projects point to a po... |
Cementos Moctezuma posts positive 3Q12 results25 October 2012, Published under Cement NewsMexico’s Cementos Moctezuma 3Q12 net sales reached MXN2.297bn (US$177.7m), representing a rise of 12.7 per cent when compared to last year’s equivalent period. Operating profit climbed MXN757m, up from 3Q11’s figure of MXN573m. Pretax profits improved from MXN591m to MXN758m over the three-month period, according to information sent to the Mexican stock exchange. For the first nine months of the year, Cementos Moctezuma registered net sales of MXN6.820, increasing from MXN5.988bn, noted... |