Cement News tagged under: international
China Resources confident on second half16 August 2011, Published under Cement NewsDespite the recent price correction, China Resources Cement Holdings Ltd, a unit of China Resources (Holdings) Co, said it expects that buoyant demand for cement and concrete on the mainland will remain for the rest of the year due to economic growth and fixed asset investment (FAI). The company also reported on Monday that its net profit for the first half to June 30 more than doubled to HK$2.05bn. Zhou Longshan, chief executive officer of China Resources Cement, said he expects cement ... |
Brazil Jan-July 2011 sales up 7.6%16 August 2011, Published under Cement NewsPreliminary data and market estimates show that domestic cement sales in Brazil between the Ja nuary-July 2011 period were 35.6Mt, up 7.6 per cent on the same period of 2010. In July alone, sales stood at 5.5Mt, representing an increase of 5.6 per cent on July 2010. For the 12 months between August 2010-July 2011, sales reached 61.6 per cent, up 10.4 per cent over the August 2009-July 2010 period. SNIC - Sindicato Nacional da Indústria do Cimento |
US shipments see second successive monthly increase16 August 2011, Published under Cement NewsUS Geological Survey preliminary estimates indicate that US cement shipments in June 2011 were 2.8% higher than in June 2010, in line with expectations by Jefferies. This followed an increase of 2.5% in May. US cement shipments have increased in four of the first six months of this year, and were only down 0.4% in January-June 2011 compared with the same period last year due to April’s 13.5% decline. They have increased in 13 of the last 16 months. Amongst the larger states, shipments incr... |
CRH reports first half turnover recovery16 August 2011, Published under Cement NewsCRH’s first half turnover recovered by 4.4% to EUR8525m as the EBITDA recovered by 8.6% to EUR626m and the trading profit by 45.1% to EUR209m. The pre-tax profit more than trebled to EUR95m. Net debt at the end of June was 21.4% lower at EUR 3906m, giving a gearing ratio of 39.5% compared with 48% a year earlier. Myles Lee, Chief Executive, said today: "The positive outcome for the first half of 2011 clearly demonstrates the advantages of CRH’s product and sectoral end-use balance and the ... |
TANCEM to begin importing cement, India16 August 2011, Published under Cement NewsThe Tamil Nadu Cement Cements Corporation Limited (TANCEM) would take steps to import cement from other countries and sell them at lower cost, Industries Minister S P Velumani told the State Assembly today. Making announcements, while replying to the demand for grants for his department, Mr Velumani said in order to control cement price in the open market, TANCEM is exploring the possibility of importing cement of up to five lakh tonnes from other countries and provide it at lesser cost. |
Questions over preventing Pakistan imports into Sri Lanka15 August 2011, Published under Cement NewsPreventing cement imports into Sri Lanka from Pakistan by raising quality issues is a conspiracy that some private sector companies and government officials engage for personal gain, the Minister of Internal Trade and Consumer Affairs Johnston Fernando told the Sunday Observer. There is a sharp increase in demand for cement due to a boom in the construction industry. Therefore, to prevent a short supply and resulting price increase the ministry has to intervene and import cement. Since th... |
Mangalam Cement well-positioned for long-term growth15 August 2011, Published under Cement NewsThe growth in cement dispatches in the northern region has been broadly stronger than the all-India growth on YoY basis, both during FY11 and the June 2011 quarter. This comes at a time when the cement industry has been grappling with a rising cost structure. Also, rising interest rates could hurt demand from housing, in the short term. But the BK Birla controlled-Mangalam Cement appears well-positioned to take advantage of long-term opportunities in the North. The company is adding capacit... |
New Nigerian plant investment announced15 August 2011, Published under Cement NewsThe Bauchi State government has signed a Memorandum of Understanding (MOU) with a United States construction giant, C& C International, Florida, to establish a cement company in Nigeria. Speaking at the signing ceremony at the Government House at the weekend, the state Governor Isa Yuguda represented by his deputy, Sagir Aminu Saleh, assured that ’’Bauchi State Government will fullfil its obligation as contained in the MOU’’. The project, floated under Public Private Partnership (PPP), wil... |
Vietnam’s Hoang Thach to expand production15 August 2011, Published under Cement NewsHoang Thach Cement Company, a subsidiary of the Viet Nam Cement Industry Corp (VICEM), plans to upgrade production lines 1 and 2, increasing their capacity by 15-45 per cent to 3800-4500tpd. The company will also install another grinding mill with a capacity of 250tph and cement silos which can hold up to 20,000t. |
Hima Cement boosted by new quarry licence, Uganda15 August 2011, Published under Cement NewsHima Cement has received a license to mine limestone from the Dura quarry to supply its new factory in Kasese district. It will help Hima increase production capacity from 350,000t to 850,000t, according to Allen Mate, plant manager. Mate pointed out that the Dura limestone reserves, in use since the 1950s, would enable the production of over 500,000tpa for the next 25 years. |