Cement News tagged under: international
Sinai Cement suffers after strikes on pipeline, Egypt14 July 2011, Published under Cement NewsA series of explosions that have rocked Egypt’s main gas pipeline through the Sinai Peninsula is taking its toll on the companies that need the gas to operate. Sinai Cement is a prime example. The Cairo company yesterday said it would have to use fuel oil for a longer period because of disrupted access to natural gas supplies. The use of fuel oil will cost the company 25 per cent more than if it used natural gas, the local newspaper Al Mal reported. This week’s explosion, the fourth this y... |
Association welcomes foreign investment, Indonesia14 July 2011, Published under Cement NewsThe Indonesian Cement Association (ASI) says it welcomes several foreign companies’ plans to build new cement factories in the country, adding that their operations will not affect the existing cement producers’ operations, according to an industry group. ASI chairman Urip Timuryono said on Tuesday in Jakarta that, because the new plants would be primarily designed to fulfill the supply shortage in the eastern part of Indonesia, their operations would not affect the existing cement produc... |
Lafarge in talks with Etex over gypsum assets14 July 2011, Published under Cement NewsLafarge announced that the Group has entered into exclusive negotiations with Etex Group for the sale of its European and South American Gypsum assets at an enterprise value of EUR1bn. Under this proposed agreement, Lafarge would receive net cash proceeds of approximately EUR850m and in addition would receive a 20% interest in the new partnership, which would combine the European and South American Gypsum activities of both Groups. Lafarge’s European and South American Gypsum division manu... |
Spanish association sees larger than expected falls for 201114 July 2011, Published under Cement NewsSpanish cement consumption is expected to fall between 12% and 13% year on year in 2011 versus 10% previously projected, mainly due to lower civil engineering activity, according to Spanish cement association Oficemen. "If at the start of the year we expected a consumption of 22Mt, with the latest data we think that the fall will be higher, up about 21.5Mt," said president of the association, Dieter Kiefer. The association reported that in the first half of this year 11Mt was consumed, a... |
Texas Industries posts US$106.8m pre-tax loss14 July 2011, Published under Cement NewsTexas Industries’ turnover was a marginal 0.1% ahead at US$621.8m, in the financial year to the end of May, having fallen by 26.0% in the previous year. The EBITDA fell by 69.7% to US$13.2m and, after an interest charge 8.9% lower at US$47.6m, there was a running loss of US$34.4m and the pre-tax loss jumped by 75.5% to US$106.8m, having more than doubled in the previous year. Net debt at the end of May was 15.6% higher at US$536.7m giving a gearing level 26.7% higher at 77.2%. The agreeme... |
Calls for increased energy self-sufficiency at Vietnam plants13 July 2011, Published under Cement NewsCement plants across Vietnam with a combined production capacity of 100Mt in 2015 are likely to consume 9bnkWh of electricity, said the Ministry of Industry and Trade. The power demand will be lift to 11.7bnkWh in 2020, the ministry attributed without giving details on both the number of the cement mills and their total capacity. The Ministry of Industry and Trade is calling on cement mills to be self-sufficient of at least 20% of electricity consumed from now through 2015. |
Taiwan firms forecast second-half earnings growth13 July 2011, Published under Cement NewsThe power rationing policy in China and resulting tightened supply will help Taiwan’s two leading cement producers, including Taiwan Cement Corp. and Asia Cement Corp., to see growing sales and earnings in the second half. Both Taiwan Cement and Asia Cement posted solid profits from operations in China in the first half. With weather expected to improve and rising demand, cement prices will rise in the third quarter to continue to benefit Taiwan Cement and Asia Cement, who are expanding ... |
Lafarge India considers M&As to boost market share13 July 2011, Published under Cement NewsLafarge India today said it would consider mergers and acquisitions (M&As) among other options to boost its share in the market. "Lafarge India is committed to growing in the domestic market in India and we will look at value added organic and inorganic opportunities that offer us a strategic fit," a company spokesperson told local press. The company is now understood to have initiated talks with Meghalaya-based "Star Cement" for buying a majority stake and also with Chennai-headquartered ... |
Rise in Colombian cement production and dispatches13 July 2011, Published under Cement NewsColombia cement production in May amounted to 933,300t, 14.8 per cent more than the same month of 2010 (813,000t). During May 2011, 870,000t were shipped, an increase of 15.2 percent over May 2010. For the year to date (January to May 2011), cement production also increased 14.1 per cent over the same period of 2010. Meanwhile, shipments to the domestic market showed a rise of 12.5 per cent. By department, Huila demanded the most input (39.4 per cent), followed by Cesar, Córdoba, Boya... |
Moroccan group ready to construct new Ivory Coast plant13 July 2011, Published under Cement NewsDirector General (DG) of the Ivorian Centre for Investment Promotion in Côte d’Ivoire (CEPICI), Roger Banchi Monday received a delegation from the Moroccan group Addoha which says it is ready to invest in the construction of a cement plant in Abidjan. Accompanied by the Ambassador of Morocco in Ivory Coast, Faouzy Ahmed, the Addoha group said the funding entirely, is available. "We came inquiring of the investment climate and above all a search field, preferably in the port area, ... |