Cement News tagged under: international
New Zealand: Fletcher rivals “attacking our market”23 April 2012, Published under Cement NewsFletcher, with a market capitalisation of NZD4.2bn (US£3.4bn), is under attack from firms undercutting prices by up to a third and aiming at Christchurch's post-quake rebuild. Stephen Hudson, Macquarie Equities Research analyst, said new import-based competition had emerged in cement products, insulation, wallboard, laminates and steel categories. Hudson said construction of a new third-player clinker grinding facility had begun in New Zealand and Ling said this Tauranga business was a cha... |
India: Udayapur Cement to shut for a month23 April 2012, Published under Cement NewsOne of the biggest cement factories in the country built with Japanese assistance has been closed for a month for ‘maintenance work’ at a time when the demand for construction materials has been witnessing a boom. According to a Himalayan Times report, the closure of Udayapur Cement Factory, which has a cement capacity to churn out 800tpd every day, is not a result of technical failure, as claimed by the management, but due to the shoddy management, say employees of the cement factory. “Pr... |
Dominican Republic consumption declines 8% in 201120 April 2012, Published under Cement NewsDomestic consumption in the Dominican Republic fell eight per cent in 2011 compared to 2010, as the Caribbean island continues to feel the impact of the global economic downturn. According to Dominican Republic cement association, Adocem, local consumption stood at 2.8Mt in 2011 compared to 3.05Mt the year before with the decline attributed to the ongoing effects of the global economic crisis. "The biggest increase in cement sales are made to the Dominican private sector,” according to O... |
Ukraine production rises 4% in March20 April 2012, Published under Cement NewsCement production in the Ukraine in March 2012 grew by 7% compared to March 2011 to 620,000t, the country’s state statistics service has said. Cement output in the January-March 2012 period came to 1.28Mt, which is 3.5% up YoY. Last year, cement production rose 11.2% compared to 2010, to 10.52Mt. Earlier Ukrcement CEO, Petro Lopatyev, forecast that Ukrainian cement factories would be able to produce 10.9Mt of cement in 2012, representing an increase of 4% on 2011. However, he also s... |
Ambuja Cements first quarter net profit declines, India20 April 2012, Published under Cement NewsAmbuja Cements posted a 23.4% drop in its first quarter net profit at INR312.2 crore against INR407.5 crore in the corresponding quarter last year. The company's 1Q net sales saw a rise of 19% to INR2633.3 crore against INR2212.5 crore in the corresponding quarter last year. Net profit declined due to an additional depreciation charge of INR289 crore. First quarter dispatches rose to 6.1Mt versus 5.5Mt last year. The company hiked cement prices in March on the back of a 20% railways frei... |
Loma Negra announces new plant construction, Argentina20 April 2012, Published under Cement NewsArgentine cement producer Loma Negra has announced it will invest US$250m in a new cement plant in the province of San Juan. The factory will be built in the town of Pocito, 20km from the capital of San Juan, and will have a production capacity of 1Mta of cement. Currently, Loma Negra has nine plants, six of which are in the province of Buenos Aires, while the remaining are in Neuquén, San Juan and Catamarca. Loma Negra is part of Brazilian conglomerate Camargo Corrêa. |
UltraTech in talks to buy Mozambique mine19 April 2012, Published under Cement NewsAditya Birla group's UltraTech Cement - India's largest cement maker, is in talks to acquire a large limestone mine in Mozambique for about INR1500 crore. According to reports in the Economic Times of India, negotiations between the Mumbai-based company and the mine owner began two months ago and could subsequently result in UltraTech constructing a 1-2Mta cement plant in the southeast African country. Demand in Mozambique has been growing at 8-9 per cent annually, a source familiar with th... |
Pakistan’s DG Khan Cement swings to net profit19 April 2012, Published under Cement NewsDG Khan Cement, Pakistan’s second-biggest producer, swung to a third-quarter profit thanks to an increase in prices. Net income in the three months ended March 31 was PKR754.6m (US$8.3m), compared with a loss of PKR5.32m in the same period a year ago, according to a statement to the Karachi Stock Exchange. Sales rose 21 per cent to PKR6.23bn. |
Saudi cement sales reach monthly high – report19 April 2012, Published under Cement NewsSaudi Arabian cement sales and clinker production reached record monthly highs in March 2012, a new report by NCB Capital shows. “Domestic cement sales rose 12.6 per cent YoY and 10.2 per cent MoM to 4.89Mt in Mar-12. Local clinker sales rose to 135,000t against 10,000t in February 2012,” the report said. Clinker production was up 10 per cent YoY and 22.3 per cent MoM in March 2012 to 4Mt, another record NCB noted. Among listed players, Southern Cement reported the highest increase in... |
European construction reports third consecutive monthly fall19 April 2012, Published under Cement NewsEuropean construction output dropped for a third month in February, led by declines in Germany and Italy. Construction in the 17-nation euro region plunged 7.1 per cent from January, when it slipped a revised 0.5 per cent, the European Union’s statistics office in Luxembourg said. From a year earlier, output fell 12.9 per cent. German builders’ output plummeted 17.1 per cent after a 4.7 per cent gain in January, according to today’s report. In Italy and France, output declined 9.9 per ... |