Cement News tagged under: international
Russian Novoroscement to acquire Inteco’s cement business22 July 2011, Published under Cement NewsNovoroscement, Russia’s second largest cement producer, is considering acquiring two cement plants owned by its local competitor Inteco, 99% of which is owned by Yelena Baturina, Russia’s richest woman and wife of former Moscow city mayor, Yuriy Luzhkov. The first plant is JSC Atakaytsement, with a capacity estimated at 0.3Mta, while the second is JSC Verkhnebakansky cement plant, which after reconstruction could produce up to 2.3Mta. Inteco also had plans to start construction of i... |
New cement plant planned for Middle Urals, Russia??22 July 2011, Published under Cement NewsA new cement plant is being proposed for Russia’s Middle Urals region, according to Yuri Chumerin, the director of the Union of Construction Industry Enterprises of the Ekaterinburg region. Among potential investors are the Russian financial conglomerate Renova Group, Ural Mining and Metallurgical Company (UMMC) as well as Russia’s leading producer Eurocement. Currently the companies are completing feasibility studies for the project. The location of the plant as well as its potential... |
GCC pulls out of US$100m investment22 July 2011, Published under Cement NewsMexican cement firm Grupo Cementos Chihuahua has suspended a planned US$100m investment in a Bolivian housing project, citing a lack of legal security, according to Bolivian GCC partner Samuel Doria. "We were completing a study to implement a social housing project in Bolivia, and were planning to invest US$100m in the project, but due to legal insecurities [GCC] decided not to make the investment," Mexican press quoted Doria as saying. Last September, Bolivia’s national government transfe... |
Lafarge: first-half drop expected by the market22 July 2011, Published under Cement NewsIn a recently-released flash report, analysts a CM-CIC Securities reports that it expects a 70bp drop in operating margin for Lafarge’s in first-half 2011 to 12.1%. The figure was hurt by the rise in factor costs not being fully passed on to clients. CM-CIC forecast operating income of EUR962m vs EUR1072m in H1-2010 with only the gypsum division seeing a substantial rise in its contribution, from EUR34m to EUR50m. It is revising down its FY estimates for 2011-2013. For volumes, it still ... |
Cemex narrows second-quarter loss22 July 2011, Published under Cement NewsCemex said Friday its net loss narrowed slightly in the second quarter to US$294m from US$306m in the year-ago period as sales picked up in northern Europe, Mexico and Latin America, while the US market remained sluggish. Cemex said sales rose 9% from a year earlier to US$4.1bn, with most of the growth coming from infrastructure and residential sectors. While sales rose, operating gains were below what they were a year ago, affected by higher energy and maintenance costs. EBITDA fell 7% ... |
PPC: investing in people, South Africa22 July 2011, Published under Cement NewsThe principle of learning for growth remains a key in Pretoria Portland Cement (PPC)’s success and the group needs the right people, with the right skills to do the right things. Kevin Odendaal, the group’s investor relations and strategy manager, said last week that PPC was focused on building sustainable competence to remain globally competitive. He said new skills training was an important building block of the company’s strategy for growth. “We pride ourselves on people and we invest q... |
Vietnam Cement Finance posts pre-tax profit21 July 2011, Published under Cement NewsCement Finance Joint Stock Company (CFC), an affiliate of Vietnam Cement Corporation, said it made a pretax profit of VND49bn (US$2.38m) in the first half of this year. At end-June, CFC had total asset of VND3trn, the company said in a statement posted on its website, without giving comparative figures. This year, CFC targets a pretax profit of VND136bn in 2011, rising 26% from last year, and a dividend payout equivalent to VND1,400/share. CFC expects to have total assets of VND3.6trn. It... |
Pakistan full-year sales decline21 July 2011, Published under Cement NewsPakistan’s domestic and export sales fell to 31.38Mt in fiscal 2010/11 which has just ended, down by eight per cent from 34.20Mt in the previous fiscal year, according to the All Pakistan Cement Manufacturers Association (APCMA) on Monday. Of total dispatches, 21.97Mt were local sales and 9.41Mt export markets. Local sales declined by 6.68 per cent from 23.55Mt sold in the previous year. Export fell by 1.76 per cent from 10.65Mt last year. A spokesman for APCMA said that the just ended fi... |
Gov’t officials step in to resolve Twiga land dispute, Tanzania20 July 2011, Published under Cement NewsThe Tanzanian government has assured Twiga Cement Company that it is working to ensure that Chasimba villagers, staying on the firm’s land are relocated by December this year. The assurance follows a threat by the firm last month to close down its Wazo Hill plant in Dar es Salaam “soon” unless the 952 Chasimba villagers said to have invaded its premises heeded a court order and moved out. The company’s lawyer, Sam Mapande, had then said they were contemplating the unprecedented measure aft... |
Lafarge Ogun power plant to boost local supply, Nigeria20 July 2011, Published under Cement NewsLafarge Cement WAPCO’s recently inaugurated 90MW power plant at its cement works in Ewekoro, Ogun State, is set to boost power supply for the surrounding community. The power plant is part of the company’s plan to ensure Federal Government’s aim of stabilising power supply and becoming self-sufficient in cement production. BusinessDay learns that discussions are ongoing with the government to grant supply to the host community as it is expected to add about 30MW to the national grid at full... |