Cement News tagged under: international
Dangote continues with Gboko expansion, Nigeria08 November 2011, Published under Cement NewsDangote Cement Plc has invested NGN50bn into its Gboko plant, , the Managing Director and Chief Executive Officer Mr Shree Junnarkar said. Mr Junnarkar said that the company has raised its production to 3.5Mta, and plans to hit 4Mta next year. With 4Mt in Gboko, about 10Mt in Obajana, 6Mt in Ibese, the Dangote cement production is expected to hit about 20Mt next year. "We are expanding the company and aiming at 4Mt capacity. The ongoing project would be completed by the first quarter of ... |
Cementir sees an improving trend in Italian cement prices08 November 2011, Published under Cement NewsCementir’s turnover was ahead by 10.4% for the first nine months of the year to €696.6m. While the EBITDA advanced more slowly by 8.7% to EUR91.7m, because of higher energy costs, the trading profit showed a strong increase of 46.2% to EUR 29.3m. Financial costs, much of it to do with hedging, produced losses and the pre-tax profit dropped by 76.7% to EUR6.69m, which is still an improvement on the EUR1.9m loss reported at the half-way stage. Net debt at the end of September was 11.2% higher... |
Italcementi’s volumes fall in Greece, Egypt Bulgaria and Spain08 November 2011, Published under Cement NewsItalcementi’s turnover for the first nine months edged ahead by an underlying 0.8% to EUR3,600.2m, but the running EBITDA came down by 15.2% to EUR564m. The trading profit fell by 25.3% to EUR236.2m and the net interest charge came down by 38.6% to €56.7m. The reduction in the pre-tax profit was limited to 13.8% at EUR198.6m. Net profit was boosted by a EUR107.4m gain from the sale of discontinued activities and rose by 59.5% to EUR 212.8m, with the net attributable profit rising almost sev... |
CRH revises 2011 EBITDA guidance, changes primary listing08 November 2011, Published under Cement NewsCRH published its 3Q11 Interim Management Statement with like-for-like sales showing growth of approximately four per cent in the 3Q. Overall sales for the quarter were up three per cent ahead of last year (2010: €5.1bn), with cumulative sales for the nine months to September now five per cent up (2010: €12.8bn). On a constant currency basis, EBITDA in the third quarter registered a five per cent decline. This, combined with an adverse impact of exchange rate movements, resulted in overall ... |
ACC launches new cement, India07 November 2011, Published under Cement NewsCoastal Plus, a specialised cement manufactured by Associated Cement Company (ACC), was released on Friday. The cement is manufactured at Encore, a cement plant in the special economic zone (SEZ) at Duvvada, acquired by ACC a few years ago. Chief Executive (East) of the company Vivek Chawla at a press conference described Coastal Plus as premium high-performance cement. The company said it gives high early strength and enhances the durability of the structure. The product was released ... |
India: joint venture partner sought for new proposed plant07 November 2011, Published under Cement NewsHeidelbergCement and domestic producers such as UltraTech Cement and Reliance Cements are said to be among those interested in partnering state-run Rashtriya Ispat Nigam’s proposed 3Mta plant at Vizag, southeast India. "We are looking for a partner to set up a 3Mta plant at Visakhapattanam. Heidelberg, Ultratech and Reliance Cements have shown interests to be our JV partner," RINL Chairman and Managing Director AP Choudhary, said. Sources said Zuari Cements, Bhavya Cements, JP Cements a... |
India’s Jaypee to sell stake in cement unit07 November 2011, Published under Cement NewsIndia’s Jaypee Group, the US$3bn engineering and construction conglomerate, is in talks to sell a stake in its cement unit Jaiprakash Associates, the Economic Times newspaper reported on Monday citing a company executive. Jaypee has approached a number of investors including Singapore state investor Temasek Holdings regarding a stake in Jaiprakash, India’s fourth-largest cement company by sales, group managing director Manoj Gaur was quoted as saying. The stake sale is part of fundraising ... |
PPC sees marginal improvement in sales07 November 2011, Published under Cement NewsSouth African sales in September rose 12.7% YoY and while sale in the year are up 2.1%, the industry is still reeling from the effects of the global recession and slow building and construction markets. Recently, PPC CEO Paul Stuiver said the country’s larger cement producers had not seen any benefit from the government’s promised infrastructure spending. The industry had production capacity of about 16Mta, while demand had fallen to less than 12Mta. Cement overcapacity has also been made... |
Philippine government spending fuels Holcim sales04 November 2011, Published under Cement NewsThe Philippine cement industry is feeling the effects of higher public works spending by the Aquino administration, with Holcim Philippines seeing a slower decline in sales of six per cent. The improved infrastructure disbursements in the third quarter “would have pushed up monthly volumes had it not been for the typhoons," said Holcim Philippines COO Roland van Wijnen. “The increased implementation of government projects in the third quarter bodes well for the company and the industry... |
Pakistan: rise in domestic sales offset by falls in exports04 November 2011, Published under Cement NewsPakistan registered an increase in cement sales in October of 0.74 per cent while domestic demand was ahead by 5.77 per cent to 2.09Mt but exports dropped. According to figures released by the All Paksitan Cement Manufacturers Association, cement dispatches were nominally higher but the growth was neutralised by a 9.71 per cent decline in exports to 856,769t. In October last year 529,689t of exports were sent to Afghanistan but in October 2011 this figure declined to 489,398t. Exports to ... |