Cement News tagged under: international
Eagle Materials first half cement turnover improves28 October 2011, Published under Cement NewsEagle Materials’ first half turnover, including its share of the Texan cement joint venture with HeidelbergCement, came off by 0.4% to US$298.48m for the six months of the end of September and the trading profit fell by 29% to US$29.5m. Other expenses increased 5.8% and the net interest charge rose 8.3% to US$9.1m, leading to a 52.9% drop in the pre-tax profit to US$11.8m. Net debt of US$274.3m at the end of September represented 59.4% of shareholders’ funds. Turnover from cement improve... |
Bharathi Cement set to introduce product into Sri Lanka27 October 2011, Published under Cement NewsBharathi Cement will introduce their product line to the Sri Lankan market from tomorrow. Bharathi Cement’s local agent Metsteel (Pvt) Ltd Managing Director S. Kanakaraja told to the Daily News Business that 50 containers of Bharathi Cement have already been brought into the country and cement will be available in the Sri Lankan market from tomorrow at competitive prices. He said that Sri Lanka is rapidly developing after the war and there will be a huge demand for construction material. |
Semen Tonasa looks to increase 2012 sales27 October 2011, Published under Cement NewsIndonesian cement company PT Semen Tonasa said it hopes to increase cement sales to 4.6Mt in 2012 from this year’s target of 4.26Mt. There should be no difficulty in reaching the target as the production capacity of Semen Tonasa would increase and demand is growing, said Sattar Tabba, the president of the subsidiary of state cement producer PT Semen Gresik. Semen Tonasa will commission its fifth unit with a capacity of 2.5Mta in mid-2012, Sattar said. The new unit, built at a cost of IDR5... |
Pakistan 1Q cement export surge27 October 2011, Published under Cement NewsPakistan exported 2.335Mt of cement and earned US$111.818m during the first three months of the current financial compared to 2.33Mt at US$117.372m in the corresponding period. This shows cement exports rose 0.21 per cent YoY in terms of quantity but fell 4.73 per cent in terms of value, according to data released by the Federal Bureau of Statistics. In terms of Pakistani currency, exports dipped 3.54 per cent during July-September 2011-12. During September 2011 alone, Pakistan exported ... |
Oman Cement mulls further expansion of grinding capacity27 October 2011, Published under Cement NewsOman Cement is weighing moves to increase its cement grinding capacity, Hamdan Mohammed al Wahaibi, Member of the Board, stated in the Board of Directors’ Report for the nine months ended September 30, 2011, issued here yesterday. A company has already engaged the services of a consultant to study and advise the Oman Cement on the proposed expansion, Al Wahaibi noted. The move comes on the heels of a contract signed by Oman Cement with China National Building Materials & Equipment Import... |
Chinese investors plan grinding plant, Kenya27 October 2011, Published under Cement NewsA consortium of Chinese and local investors is setting up a grinding plant expected to open early next year, reports the Business Daily. The firm now known as Savannah Cement will break into the highly competitive regional market that has seen the entry of two new manufacturers in the past three years, as the existing players have raised their production capacities. Benson Ndeta, the chairman at Savannah Cement and a former chair of the government-controlled East African Portland Cement, ... |
Saudi cement firms face fuel shortages27 October 2011, Published under Cement NewsA shortage in subsidised fuel is threatening growth among Saudi cement firms amid rising demand, chief executive of Southern Province Cement Co (SPCC) said at the Reuters Middle East Investment Summit on Wednesday. Safar Dhufayer said his firm, the Gulf country’s biggest cement producer by market value, may delay the launch of a new line expected to raise its production capacity due to the fuel shortage. "Our new line under construction should be commissioned by the end of this year, but i... |
Cemex’ volumes ahead, but so is the gearing level27 October 2011, Published under Cement NewsDuring the first nine months of the year, Cemex’s turnover improved 8.1% to US$11,436.7m, but the EBITDA was off 1.9% to US$1793.7m. The underlying trading profit was down by some 4% to US$737.3m, while the net interest charge rose by 11.2% to US$1,047.4m. After taking losses on financial instruments and other non-trading items into account, the pre-tax loss jumped by 113.2% to US$1,186.3m, while the net attributable loss emerged 92.1% higher at US$1415.9m. Net debt at the end of September... |
Lafarge announces Ravena cut backs, USA27 October 2011, Published under Cement NewsJohn Reagan, Environmental Manager for the Lafarge Cement Plant in Ravena announced Thursday that layoff notices had gone out earlier in the day to 39 employees. Thirty-six of the 39 were hourly employees, three were salaried and the company will not fill several vacant salaried positions. The layoffs are effective immediately and followed union contract seniority rules. That leaves the plant with roughly 130 to 135 workers. To further save costs the plant will operate at 50 per cent util... |
Shanxi Xishan coal and electricity power to set up cement JV26 October 2011, Published under Cement NewsShanxi Xishan Coal and Electricity Power Co of China released an announcement that it planned to establish a joint venture with Huatong Group. The venture is named Shanxi Xishan Huatong Cement Co, Ltd Shanxi Xishan Coal and Electricity Power will account for 90 per cent of registered capital by an investment of CNY45m. The venture will be engaged in production and transportation of cement, material stone and woven bags. It will build a 4500tpd clinker cement production line and support low... |