Cement News tagged under: international
Land acquisition plan hits hurdle, India26 October 2011, Published under Cement NewsAmrit Cement Company, which had earlier proposed to establish a unit at the Kahalgaon-based Industry Growth Centre (IGC) through Bihar State Industrial Development Authority (Biada), was the first company to backtrack on its decision to acquire 60 acres following disputes with landowners. Now, Cement Manufacturing Company Ltd (CMCL), also known as Star Cement, has decided to follow suit. In a letter to BIADA executive director Bhogendra Lal yesterday, Star Cement vice-president Shivshanker ... |
DG Khan Cement sales rise 44 per cent26 October 2011, Published under Cement NewsDG Khan Cement profits jumped 14 times to PKR318m in the first quarter of the current fiscal, according a statement to the Karachi Stock Exchange. Gross margins improved to 30% during July to September from 19% in the same period last year, said Global Research analyst Wajid Rizvi. Net sales of the company went up by 44% to PKR5.09bn during the period under review primarily driven by 36% higher net prices. |
Lucky Cement donates relief goods to flood victims26 October 2011, Published under Cement NewsPakistan’s Lucky Cement has donated relief goods for displaced people affected by the recent floods in Sindh. The company has catered to the needs of 6000 affected families in Umerkot, Sanghar, Tando Jan Mohammad, Sumaro, Naukot, Tando Allahyar, Tando Mohammad Khan and Saeedabad, it said. Relief bags, containing rice, sugar, pulses, tea, other edibles, drinkable water, medicines, mosquito nets and blankets were distributed among the affected families, it said. Lucky Cement also donated hands... |
Lucky Cement first-quarter net doubles, Pakistan26 October 2011, Published under Cement NewsLucky Cement Ltd, Pakistan’s biggest cement producer, reported first-quarter profit more than doubled on higher domestic prices and a 31 per cent jump in sales. Net income climbed to PKR1.5bn (US$17.3m), or 4.66 rupees a share, in the three months ended September 30 from PKR726.7m, or 2.25 rupees, a year earlier, the company said in a statement to the Karachi Stock Exchange today. Sales rose to PKR8.71bn. Lucky, based in Karachi, raised the price of cement by 15 per cent during the quarter... |
UK construction facing worst decline for more than 30 years26 October 2011, Published under Cement NewsConstruction activity in the UK is unlikely to return to growth until 2014, sparking the worst decline for 30 years, according to the latest Construction Industry Forecasts, published by the Construction Products Association. Since the start of the economic downturn in 2007 more than UK£32bn of construction activity has been lost. Commenting on today’s figures, Michael Ankers Chief Executive of the Construction Products Association said: ‘Although government is committed to cut capital exp... |
Tamil Nadu Cement Corp sells 25% output in open market25 October 2011, Published under Cement NewsWith the public reeling under a spiralling construction cost, state-owned Tamil Nadu Cement Corporation (Tancem) plans to sell at least a quarter of its production in the open market at a competitive price. Tancem usually supplies cement to state government departments such as Public Works and the Electricity Board, operates two plants at Alungulam, Virudhunagar District and Ariyalur with a total capacity of 0.8Mta. However, state-directed sales have fallen as several civil works have be... |
Xishan Coal to invest cement joint venture25 October 2011, Published under Cement NewsShanxi Xishan Coal and Electricity Power and Huatong Bridge Group plan to set up a joint venture, Shanxi Xishan Huatong Cement, which plans to establish a cement works with a daily clinker capacity of 4500tpd. Once operational, the plant will be able to produce 1.4Mta of clinker and 2.26Mta of cement. Annual profits are expected at around CNY115m on a revenue of CNY443m. The facility has a forecast breakeven period of 7.77 years. |
Saudi cement companies beat Tadawul on government spending plan25 October 2011, Published under Cement NewsSaudi Arabia’s cement producers are beating the country’s benchmark stock index on speculation they will fare well following US$500bn in government spending and projects. This year has seen the Tadawul All Share Cement Index, which includes nine stocks, surged 20%, the third-best performance after media and retail stocks and compared with a 7.4% fall in the Tadawul All Share Index. Cement producers offer a dividend yield of 6.6%, second only to transport companies. “The sector will conti... |
Ash Grove Cement temporarily shuts down six plants25 October 2011, Published under Cement NewsAsh Grove Cement Company plans to suspend operations temporarily at six of its 10 production plants in the Midwest and Western US. The shutdown comes amid growing inventories due to the economic situation in the US and forecast slowdown of demand during winter. It will be the company’s third consecutive furlough period. In the West Region, the Durkee, Oregon, and Inkom, Idaho, plants will halt production on 5 December, with Montana City, Montana, to follow a fortnight later. The week of 26... |
Jaypee Cement may start Dalla clinker unit in early 201224 October 2011, Published under Cement NewsJaypee Cement, the cement division of Jaiprakash Associates, is seeing a delay in the commissioning its 2Mt clinker unit in Uttar Pradesh. Market sources said that, "The plant was scheduled to commence production from October 2011, but this may now start from February or March 2012. The project had run into environment clearance hurdles." Rahul Kumar, CFO of Jaypee Cement commented: “Till we secure the environmental clearance, we would not be in a position to comment when the production ... |