Cement News tagged under: international
Qatar National Cement full-year net profit falls 5%21 February 2012, Published under Cement NewsQatar National Cement, the country’s principal cement producer, reported a five per cent drop in 2011 net profit to QAR44.65m (US$12.3m) as revenues slipped. Revenue was down by nine per cent to QAR989.62m but cost f sales fell faster by 12 per cent to QAR10.72m, leading to a six per cent decline in gross profit to QAR478.91m, the Gulf Times reported. However, the company has recommended a cash dividend which will have to be approved by shareholders at the annual general assembly sched... |
Shriram EPC to enter cement business through acquisition21 February 2012, Published under Cement NewsShriram EPC, part of the financial services major Shriram Group, is expected to enter the Indian cement sector by picking up a majority stake in Sree Jayajothi Cement, according to local press reports. Should the move be approved, Cimpor is thought to be in line as the group seeks a strategic European investor. Shriram EPC's board is said to have approved acquiring a significant equity share capital of the cement producer by partially converting the dues owned by Sree Jayajothi into equit... |
High input costs impact HeidelbergCement India 4Q20 February 2012, Published under Cement NewsHeidelbergCement India posted lower-than-expected results on the back of a sharp rise in input costs. However, the company’s exposure to the Central and Western regions, where demand remains strong, stands it in good stead. The company’s topline increased by 36 per cent YoY and 25 per cent QoQ to INR2570m, it recorded a net loss of INR18m in the fourth quarter of the 2011 calendar year. Strong demand in the Central and Western regions enabled the company to operate at utilization rates... |
Brazil: 12-month accumulated sales up 7.6%20 February 2012, Published under Cement NewsPreliminary data and market estimates show that domestic cement sales in Brazil for the accumulated 12 months from February 2011 to January 2012 reached 64Mt. This represents an increase of 7.6 per cent over the same period a year earlier (February 2010 to January 2011). In January 2012, sales were 5.2Mt, up 4.1 per cent on the same month of last year, data from the Sindicato Nacional da Indústria do Cimento showed. For full year 2011, Brazilian cement sales reached 63.51Mt, up 5.17... |
Al Jouf raises Saudi Arabia selling prices20 February 2012, Published under Cement NewsSaudi Arabian cement producer, Al Jouf Cement, says it has increased cement prices by 30 per cent to SAR260/t (US$69, however, a dispute with Saudi Aramco could mean prices will continue the upward trend. Al Jouf Cement's move to raise prices comes on the back of the government's ban on exports announced last week. Saudi Arabia said it would halt exports of cement and clinker to prevent shortages and stabilize prices particularly in the western region around Jeddah and the holy cities o... |
Gresik establishes subsidiary to run coal mining business, Indonesia20 February 2012, Published under Cement NewsPT Semen Gresik has established a new subsidiary to run its coal mining and processing business with a total investment of IDR500m (US$55m), reports the Jakarta Post. The establishment of SGG Energi Prima is part of the company’s strategic measures to secure an energy supply for its cement factories, according to Gresik president director Dwi Soetjipto. "Semen Gresik as a group is facing challenges to secure a supply of energy and electricity in accordance with its long-term developmen... |
Holcim sees 20% rise in production capacity from new plant, Indonesia20 February 2012, Published under Cement NewsHolcim Indonesia, the country’s third largest cement producer, says its new plant in Tuban, East Java, will increase the company’s domestic cement capacity by 20 per cent, the Jakarta Globe reports. “We’re projecting production capacity in Tuban of up to 1.7Mta," Holcim’s relationship management director, Rusli Setiawan, said. Holcim currently has a production capacity of 8.3Mta from its exisiting plants in Cilacap, Central Java and Narogong, West Java. The new facility will bring capacit... |
Dangote Cement – Africa market expansion20 February 2012, Published under Cement NewsDangote Cement, Africa’s biggest producer of the building material, last week inaugurated its Ibese plant in southwestern Nigeria. The occasion marks a significant milestone for Nigeria, as the country moves closer to becoming a net exporting nation – something that was inconceivable even five years ago. Meanwhile, Dangote Cement continues to expand its domestic production base with major new announcements, and reasserts plans to become a major global force in the cement sector. The compa... |
Spanish consumption falls to 1987 levels17 February 2012, Published under Cement NewsSpanish cement consumption fell to 1.1Mt in January 2012, representing a 23.5 per cent decline than the same month of last year, latest figures from Spanish cement association Oficimen show. Cement production was 1.4Mt, a 17.26 per cent decline over January 2011. Looking at the past 12 months (February 2011 - January 2012), the decline in production was slightly over 17% to 21.7Mt, while consumption registered a decrease of 18.6% of 19.9Mt. Regarding trading, exports remained at 3.9Mt whi... |
Vietnam Ministry toughens stance on cement projects17 February 2012, Published under Cement NewsVietnam’s Ministry of Construction is to temporarily delay work on several approved cement projects, Le Van Toi, the director of the ministry’s Construction Materials Department. Projects must follow the cement industry development strategy 2011-20, ratified by the Prime Minister last year, and must also be agreed upon by the ministry’s managerial body. Toi said the ministry had recently sent directives to the People's committees of cities and provinces nationwide to prevent the authorit... |