Cement News tagged under: international
TPI Polene 1Q profit falls 17%, Thailand21 May 2012, Published under Cement NewsTPI Polene posted a normalised profit of THB299m for 1Q12, down 71% YoY, but a marked improvement from a loss of THB105m in 4Q11. The YoY decline was mainly due to gross margin drop from 32.3% to 18.3% due to lower cement and LDPE margins; and a 21% jump in S&A expenses. Cement margin narrowed YoY due to a THB200/t YoY fall in local cement prices. The QoQ improvement stemmed from 27.5% sales growth as demand for all products recovered from the 4Q1 flooding crisis. In terms of the ce... |
Irish Cement workers reach settlement, Ireland21 May 2012, Published under Cement NewsWorkers at Irish Cement, a subsidiary of CRH, on Friday voted to accept proposals agreed between the company and worker representatives which provides a settlement to the dispute at plants in Castlemungret, Co. Limerick and Platin, Co. Meath. SIPTU Organiser, Karan O'Loughlin, said: "The workers have voted by a large majority to accept the proposals agreed between worker representatives and the company following a mediation process overseen by an independent chairman. "The implementati... |
US cement: on the recovery path21 May 2012, Published under Cement NewsThis week saw US building materials producer Eagle Materials report a return to profitability in its fiscal fourth quarter with the company noting an improvement in construction activity across most of its markets. These favourable results reflect an overall trend witnessed by a number of producers in recent quarterly figures, giving rise to optimism that a US recovery may be on the way. Cement consumption volumes in the US have declined rapidly in recent years: from the peak in 2005-06 t... |
GCC Dacotah plant considers expansion, USA18 May 2012, Published under Cement NewsThe GCC Dacotah cement plant in Rapid City is considering a US$100m expansion of its main production line, according to local press reports. The upgrade would increase the plant’s production capacity by about 20 per cent while allowing it to remove two 1950s production lines that have been idle since 2008, plant manager Steve Post said. A construction permit application for the project is under review by the state Department of Environmental and Natural Resources. A 30-day public comme... |
Polimeks plant construction underway, Turkmenistan18 May 2012, Published under Cement NewsThe construction of Turkish company Polimeks new 1Mta cement plant in the Lebap region, Turkmenistan is underway, Neutral Turkmenistan reported. The main technological and additional equipment is being assembled on site and construction work on the social facilities has been completed. The railway line has been laid to the factory and a highway is being built. Most raw materials such as limestone, clay, gypsum and sand will be delivered to the plant from the local quarry. |
Sibirsky Cement output rises 23% YoY Jan-Apr18 May 2012, Published under Cement NewsSibirsky Cement increased cement output by 23% YoY to 982,000t in January-April, according to the holding’s statement released Friday. Cement sales amounted to 978,400t in January-April, up 23.6% on the year. |
Cementos Argos bond offering, Colombia18 May 2012, Published under Cement NewsColombia's largest cement firm, Cementos Argos raised COP700bn (US$389m) through its bond offering on May 16. The offering was 2.17 times oversubscribed, the company said in a press release. The issuance was comprised of three tranches, maturing in 6, 10 and 15 years. In April, Cemargos raised 300bn pesos through a bond issuance, with 18-month, two and three-year maturities, as part of the company's 1tn-peso bond issuance programme. |
Ndola Lime plans cement production venture, Zambia17 May 2012, Published under Cement NewsZambia-based Ndola Lime Company (NLC) has commenced discussions with potential partners for a joint venture cement plant project on the Copperbelt. Abraham Witika, company chief executive officer, has received numerous offers from interested partners and a feasibility study is being undertaken, reports the Times of Zambia. During a tour of the Ndola Lime Company plant on Monday by Mines and Mineral Resource Deputy Mininster Richard Musukwa, Mr Witika said Ndola Lime had enough raw mate... |
Adelaide Brighton forecasts slight rise in sales, Australia17 May 2012, Published under Cement NewsAustralia-based Adelaide Brighton expects a slight improvement in sales as market challenges continue. Managing director Mark Chellew said sales of the cement products would be marginally higher in 2012 than in 2011 Demand was robust in South Australia and Western Australia due to infrastructure and mining projects, but the timing of sales to those projects would influence the company's 2012 performance, he said Adelaide Brighton made a net profit of A$148.4m in calendar 2011. |
JK Lakshmi capacity to reach 8.5Mta by end-2013, India17 May 2012, Published under Cement NewsJK Lakshmi Cement Ltd's capacity is expected to rise to 8.5Mt by end-2013 from 4.7Mt currently, Whole-time Director Shailendra Chouksey said at a conference organised to announce the company's Jan-Mar earnings. The Rajasthan-based company reported Jan-Mar net profit of INR303m, down 5.2% YoY. Net sales for the March quarter rose 27.8% to INR5.26bn. JK Lakshmi Cement commissioned its 0.6Mt grinding unit in Haryana in April and is expanding capacity of its existing kilns in Raja... |