Cement News tagged under: international
Export ban has little effect on Saudi cement firms28 July 2011, Published under Cement NewsA ban on cement exports in from Saudi Arabia three years ago seems to be having a limited effect on cement suppliers in the kingdom, reports Construction Week. The cement cap was put in place to ensure the kingdom has enough cement supplies for its vast construction projects. This includes a ban on cement exports to all countries except Bahrain, where weekly exports were halved from 50,000 to 25,000t. The restrictions also stipulated that local cement companies were required to keep 10% of... |
Groundbreaking ceremony for new Dangote plant, Zambia28 July 2011, Published under Cement NewsZambian President Rupiah Banda today attended a ground-breaking ceremony for the US$400m Dangote Cement Factory which will be located in Masaiti District near Ndola. The new factory will have a design capacity of 1.5Mta. Dangote President and Chief Executive Officer, Alhaji Aliko Dangote, noted that the investment will further cement the relations between Zambia and Nigeria. |
Vietnam likely to produce 34.7Mt of cement in Jan-Jul27 July 2011, Published under Cement NewsCement producers in Vietnam are estimated to have made 34.7Mt of cement in the first seven months of this year. The figure represents a YoY rise of 12.3%, the government’s General Statistics Office said in its monthly report released Jul 23. In July, the country’s cement output is estimated to stand at 5.6Mt, up 19.1% YoY. The Ministry of Construction forecast Vietnam’s cement consumption is forecast to stand between 54.5Mt and 56Mt this year, up 9%-10% from a year earlier. |
Sinai Cement approves EGP3/share payout27 July 2011, Published under Cement NewsSinai Cement (SCEM) approved in its OGM meeting held on Tuesday 26/07/2011 to distribute part of the delayed profits by EGP3/share with total value of EGP210m. |
Thai Siam Cement 2Q net profit up slightly27 July 2011, Published under Cement NewsSiam Cement Pcl (SCC) Thailand’s biggest industrial conglomerate, posted a 2.8 per cent rise in quarterly net profit on Wednesday, thanks to rising sales and the improved performance of its paper business. The company reported an April-June net profit of THB7.5bn (US$252.7m), or THB6.25/share, up from THB7.29bn a year earlier but lower than the THB9.2bn in the first quarter. Siam Cement operates five major businesses – cement, petrochemicals, paper and packaging, building products and dist... |
PCA: marginal consumption improvement forecast27 July 2011, Published under Cement NewsDespite recovery momentum in late 2010, the US economy is again in a slowdown. This will weaken construction activity and restrain gains in cement consumption until 2013, according to the most recent economic forecast from the Portland Cement Association (PCA). PCA downgraded its cement consumption forecast to 0.2 per cent in 2011, 0.4 per cent in 2012, and a significant 16.4 per cent increase in 2013. According to the report, uncertainty regarding highway spending legislation and governmen... |
UltraTech Cement first-quarter results27 July 2011, Published under Cement NewsUltraTech Cement Limited, an Aditya Birla Group Company, today announced its unaudited financial results for the quarter ended 30 June, 2011. The results for Q1FY11 have been recasted to include Samruddhi Cement Ltd’s performance for a like-for-like comparison. The results are strictly not comparable with the corresponding period of the previous year. Net Sales stood at INR4365 crores (US$991.234m) as compared to INR3,990 crores in the corresponding period of the previous year. Profit befor... |
Sociedad Boliviana del Cemento hikes prices27 July 2011, Published under Cement NewsSociedad Boliviana del Cemento reports that a 50kg bag of cement now on costs BOB53.50 (US$7.8). The company said the increase is due to accumulated inflation and rising production costs, forcing the Sociedad Boliviana del Cemento to level its prices by 7%. Since 2009, inflation was 22.05%, while freight transport increased by more than 20%, staff costs, 32% and the price of raw materials, 60%. |
Lehigh May Lose Right To Sell Cement To Government26 July 2011, Published under Cement NewsIn a move the company says could be "devastating," the Lehigh Southwest Cement Permanente Quarry could lose its ability within the next 30 days to sell cement to some of its biggest customers—state and local governments—according to a notice sent to the company on July 20 by the state Office of Mine Reclamation (OMR). Since Henry Kaiser bought the quarry in 1939, cement and rock from the Cupertino hillsides have helped build Shasta Dam, Highway 85, and scores of other public works projects ... |
Cost, weak demand to hit India cement makers’ profits26 July 2011, Published under Cement NewsIndian cement companies are expected to post lower net profits in the April-June quarter due to sluggish demand and higher cost of raw materials such as gypsum, coal and fly-ash. Cement consumption has remained flat during the past quarter as a drop in urban housing demand has hurt construction activity and also due to a slowdown in the government’s infrastructure spending, brokerage company IIFL said in a research note. However, the companies are likely to post higher sales as cement pric... |