Cement News tagged under: international
Saudi Yamama Cement boosts nine-month net profit 10% YoY09 December 2011, Published under Cement NewsSaudi cement producer Yamama Cement Company said it registered a 10% YoY rise in its net profit for the nine months through September 2011 to SAR549m (US$146.4m) from SAR497m a year ago. For the third quarter of 2011, the company booked a net profit of SAR149m, an increase of 6% on the year. The strong increase was attributed to a rise in sales as a result of higher local demand, Yamama Cement said without giving exact figures. EPS stood at SAR 4.06 in January-September 2011, up from SAR ... |
Debra Cement to begin test productions, Ethiopia09 December 2011, Published under Cement NewsDerba Midroc Cement plc, Ethiopia is expected to start test production in the coming week. The factory is 100% complete and has undergone individual unit testing according to Tadesse Kebede, Project Director. It is expected that the factory will be fully operational for commissioning in 10 days he said. |
US September shipments edge ahead YoY09 December 2011, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico for September 2011 were 7Mt, according to the latest data from the US Geological Survey. September’s figure was 3% higher than the same month in 2010. Shipments for the year through September were 53.8Mt, slightly higher than those of the same period in 2010. The leading producing States in September were Texas, California, Missouri, Michigan, and Pennsylvania, in descending order and accounted for about 42... |
Russia’s Iskitimtsement to increase output 7.7%08 December 2011, Published under Cement NewsRussian cement plant Iskitimtsement, the main asset of Eduard Taran’s RATM Holding, plans to increase its cement output by 7.7 per cent YoY to 1.4Mt in 2012, Yevgenia Svitova, spokeswoman for the company said Wednesday, as cited by RIA Novosti. Svitova added that the company’s cement output in 2012 is expected to mirror the levels registered in 2010 and 2009. |
Egypt’s Misr Beni Suef exports to Libya decline08 December 2011, Published under Cement NewsMisr Beni Suef Cement (MBSC) exports to Lybian Market reached 1000t daily two months ago but have since declined, Almal newspaper reported. Firms exporting bids to Lybia increased from 50,000t to 300,000t. The company’s managing director said that MBSC started to receive exporting bids to Libyan market since last October with good quantities. He added that exporting price ranges from US$45-47/t as selling prices in the local market decreased to EGP 350-400. Source: arabfinance.com |
Vicem faces demand and cost challenges, Vietnam08 December 2011, Published under Cement NewsThe Vietnam Cement Industry Corporation (Vicem) now has some 2Mt of cement and clinker stockpiled. However, unlike price movements in the steel market, cement prices have gained five per cent compared with the previous quarter. Mr Le Van Chung, President of the Board of Directors of the Vietnam Cement Industry Corporation, forecast cement sales will reach 50Mt in 2011, a decrease of 4Mt from the previous year. Input costs have risen at a double-digit rate. Coal, electricity and packaging p... |
Pakistan July-November sales expected to remain flat08 December 2011, Published under Cement NewsTotal Pakistan cement dispatches are likely to remain flat at 12.42Mt during the first five months (July-November) of the current financial year compared to 12.54Mt in the corresponding period last year. According to industry sources, domestic sales improved slightly to 8.67Mt in the five month period compared to 8.62Mt in the same period of the previous fiscal. Exports, however, are expected to register a four per cent decline to 3.75Mt as demand from the Middle East has slowed due to subd... |
Chinese firm looks to establish Papua plant, Indonesia08 December 2011, Published under Cement NewsState Development and Investment Corporation (SDIC), China’s largest state-owned investment holding company, is looking into setting up a cement plant in Manokwari, West Papua, with an anticipated investment of US$200m, an official says. SDIC is currently conducting a feasibility study for the plant, which it expects to begin building in 2013 and complete in 2014, Industry Ministry upstream chemical industry director Tony Tanduk told The Jakarta Post on Wednesday. “The firm has alrea... |
Siam Cement sees double-digit growth in 201208 December 2011, Published under Cement NewsThailand’s top industrial conglomerate, Siam Cement Pcl, said on Thursday it expected double-digit growth in sales in 2012 to more than THB400bn (US$13bn) due to post-flood demand for cement and building materials. Siam Cement expected sales to increase almost 20 percent this year although the fourth quarter would be hit by the flooding, Chief Executive Kan Trakulhoon told reporters. "It should be double-digit growth next year because of rising demand for building materials. We should get ... |
Holcim postpones Hungarian plans07 December 2011, Published under Cement NewsHolcim Hungaria has postponed indefinitely the construction of a cement distribution base in Dabas, near Budapest, because of the prolonged recession, communications director Iren Marta told local on Tuesday. |