Cement News tagged under: international
Kuwait Portland Cement 2011 net drops23 February 2012, Published under Cement NewsKuwait Portland Cement has reported a net drop in profit to KWD2.54m (US$9.1m) for 2011 from KWD22.3m in 2010. The company did not disclose reasons for this decline. Earnings per share (EPS) decreased to 27.9 fils from 245.2 fils. The company said total assets stood at KWD68.2m by the end of 2011, down from KWD85.4m a year earlier. The board of directors proposed a 65 per cent cash dividend for 2011, equal to 65 fils/share. |
Proposed Daqm plant being studied, Oman23 February 2012, Published under Cement NewsOman Cement Company (OCC) is interested in establishing a cement plant in the port town of Daqm, the Times of Oman reports. The company is currently carrying out a feasibility study for a plant which would be a joint venture with fellow Oman cement producer, Raysut Cement. Jamal Shamis Al Hooti, chief executive of Oman Cement Company, said: “If the feasibility report says it is viable to install the plant, supply cement locally and for export market there is nothing like it. We just awar... |
Rises in Pakistan cement prices lower than other building materials23 February 2012, Published under Cement NewsAizaz Mansoor Shaikh, chairman of the All Pakistan Cement Manufacturers Association (APCMA) has said cement prices have displayed a much lower increase over the last few years compared to other building materials and essential commodities. The News Tribe of Pakistan reports that on average, cement prices increased 6.28 per cent since 2000 to the first half of the current fiscal compared to steel rates raised by 15.90 per cent while the cost of bricks were up by 13.12 per cent. Mr Manso... |
New Algerian cement plant proposed23 February 2012, Published under Cement NewsThe National Agency for Investment Development (Andi) and the Society of Aggregates and Building Materials (Sagremac) have signed an investment agreement for the implementation of a US$400m cement plant in Biskra. The agreement involves the construction of a 2Mta cement plant in the town of Djemourah, located in the wilaya of Biskra, northern Algeria. Sagremac is a private company incorporated under Algerian law regarding mixed capital held under rule 51/49 per cent applied to foreign ... |
Lafarge Malayan Cement pretax profit rises22 February 2012, Published under Cement NewsLafarge Malayan Cement Bhd's pre-tax profit rose 10 per cent to MYR414.65m (US$136.7m) for the financial year ended Dec 31, 2011 from MYR345.397m in 2010, Business Times of Malaysia reports. In filing to Bursa Malaysia, the group said the higher profit was in line with the increase in revenue as well as the better performance of its ready mix businesses.??Revenue for the year amounted to MYR2.552bn, up 10 per cent from MYR2.324bn, mainly due to higher domestic demand, it said. ??The highe... |
2011 global consumption reaches 3.6bnt22 February 2012, Published under Cement NewsGlobal cement consumption amounted to around 3.6bn tones in 2011 of which China accounts for approximately 2.0bn and India approximately 0.2bnt, according to FLSmidth in its latest annual report. The Danish engineering group expects annual growth in global cement consumption is expected to be 3-4% in the coming years. Capacity utilisation on a global scale. meanwhile, remains relatively subdued around 75% but is expected to increase in the coming years. The global market for contracted... |
Indian cement importers meet Pakistan exporters22 February 2012, Published under Cement NewsAn Indian trade delegation of over 120 business people, government officials and members of Federation of Indian Chambers of Commerce and Industry (FICCI) including cement importers visited Pakistan last week to make head way on Most Favoured Nation (MFN) status to India and further enhance bilateral trade relations between the two countries. The Indian delegation was led by Anand Sharma, Minister of Commerce & Industry, Government of India. On the sidelines of visits, a group of Indian ce... |
India January cement dispatches up 9.4%22 February 2012, Published under Cement NewsIndian cement dispatches during January 2012 increased by 9.4 per cent – the third straight month of high growth due to a low base effect (January 2011: +1.1 per cent). Dispatches in January 2012 reached 220.4Mt compared to 18.6Mt in the year-ago period. Cement production rose 10.6 per cent to 20.6Mt, according to figures from the Cement Manufacturers Association of India and Holcim. For the April-December 2011 period, demand rose 17 per cent in th western market, 10 per cent in the north... |
Cement shortage hits Ghana’s Cape Coast22 February 2012, Published under Cement NewsA shortage of cement has been reported in the Cape Coast, central regional capital of Ghana as a result of faulty equipment at Tarkarodi Cement, according to local press reports. Retailers at Cape Code told City & Business Guide that customers are struggling to buy a bag of cement which is currently being sold for GHS18 instead of the previous GHS14. Kwame Mensah, a retailer at Sackey Cement Works said in an interview that they have not received cement since last week. |
UK: budget opportunity to stimulate growth21 February 2012, Published under Cement NewsThe UK’s Construction Products Association (CPA) has written to the Chancellor in advance of his Budget statement next month, calling for the introduction of a range of practical policies that, whilst helping drive growth, will not endanger the government’s desire to achieve its medium term deficit target, but speed the country’s economic recovery. Speaking about the Association’s proposals, Michael Ankers, Chief Executive of the Construction Products Association said: “Public sector capi... |