Cement News tagged under: international
Saudi Yanbu Cement 1Q net profit drops 17.9% Y0Y03 June 2011, Published under Cement NewsSaudi cement producer Yanbu Cement Co (YCC) said its net profit for the first quarter of 2011 dropped 17.9% YoY to SAR101.1m (US$26.9m). Earnings per share (EPS) stood at SAR 0.96, down from SAR 1.17. The company attributed the decrease in bottom-line figures to lower sales and the temporary shutdown of kiln 4 due to regular maintenance works. |
Texas cement data suggests weak April nationally03 June 2011, Published under Cement NewsRecent data shows that the Texas market registered a 14 per cent decline in April, which analysts at Jefferies believes were mainly due to three factors. First, one of the major producers had some planned shutdowns in April 2011 and compensated by shipping cement into Texas from a surrounding state. This cement was not included in the official Texas shipments data, whereas in April 2010 it had supplied its customers with cement manufactured in Texas, which had been included in the official d... |
Pakistan 11-month sales down 7%03 June 2011, Published under Cement NewsCement sales in Pakistan have dropped seven per cent in the first 11 months (July-May) of the current fiscal 2010-11, leading to a decline in utilisation rates and losses to the industry, the industry association says. According to the All Pakistan Cement Manufacturers Association, domestic cement sales decreased seven per cent to 19.94Mt during July-May 2010-11 compared to the same period last year. Sales in the northern region of the country declined 11.65 per cent mainly due to floods ... |
Xinjiang West to construct 3000tpd line, China03 June 2011, Published under Cement NewsXinjiang West-Construction plans to invest CNY350m (US$54m) to construct a 3000tpd dry-process line, according to a company filing. Tianyu Huaxin Cement Development, a wholly-owned subsidiary of Xinjiang West-Construction, will oversee the construction of the production line. Upon completion, the production line is expected to produce 900,000t of clinker and 1.2Mt of cement. |
India’s UltraTech Cement May shipments down 3.2%02 June 2011, Published under Cement NewsIndia’s largest cement producer UltraTech Cement said on Wednesday cement shipments in May were at 3.24Mt, down 3.2 per cent from a year earlier. Production was down 4.9 percent to 3.25Mt, the company said in a statement. UltraTech Cement, part of the Aditya Birla group, has an installed capacity of about 49Mta. |
Vietnam Ministry proposes to raise cement export duties02 June 2011, Published under Cement NewsThe Tax Policy Department under the Vietnamese Ministry of Finance has proposed to raise export duties for cement and steel in an effort to regulate business profits, driven by the low prices of inputs. The ministry has proposed imposing a 5.3% tax on cement, and 5% on clinker. The ministry has proposed raising the tax to 1.3%-2% for construction steel, the Thoi bao kinh te newspaper reported Tuesda |
Fire halts production at South Sulawesi cement factory, Indonesia02 June 2011, Published under Cement NewsA fire at the PT Semen Tonasa IV plant in Bungoro, South Sulawesi, on Monday gutted the plant’s newest mill. The plant, owned by PT Semen Gresik Group, has estimated a loss in output of up to 8000tpd of cement. Gresik corporate secretary Sunardi Prionomurti said production at the plant would stop for at least 10 days. “We need maybe 10 days to repair the mill,” he said. “I expect the total production loss for the 10 days reach 60,000t. We sell the cement for IDR750,000/t (US$87.... |
Ghana sees cement prices rising02 June 2011, Published under Cement NewsThe price of cement has gone up in the Ho Municipality, Volta Region, which lies at the eastern part of Ghana, from GHS12 to GHS15 (US$8 to US$10). On Tuesday, the cement was reportedly available in only one store, which received a limited supply and sold a bag for GHS15. Contractor John Mokli, told the Ghana Business News that cement had been in short supply in the Municipality since the beginning of May. He said that the limited quantity that been supplied were often sold at GH¢14 per bag... |
UltraTech cement deal with RIICO for railway project02 June 2011, Published under Cement NewsUltraTech Cement, an Aditya Birla Group company, signed an MoU with Rajasthan State Industrial Development & Investment Corporation Limited (RIICO) signed an memorandum of understanding (MOU) for commissioning of a railway project in Sikar and Jhunjhunu districts. The MoU was signed by RIICO’s Managing Director Rajendra Bhanawat and Ultratech Cement Ltd Asstt. Vice President Rakesh Misra. As per the agreement, RIICO will acquire 67.812 hectares of land in Sikar and Jhunjhunu districts for t... |
Taiwan Cement launches new plant in Guizhou, China01 June 2011, Published under Cement NewsTaiwan Cement’s new factory in Anshun, in southwestern China’s Guizhou province, was launched on Tuesday. The Anshun factory will have two production lines with a capacity of 4Mta after construction is fully completed at the end of the year. Taiwan Cement Chairman Leslie Koo said since the company began to invest in mainland China in 2004, its businesses have expanded to 10 provinces. "Guizhou, located in southwestern China, has a major role in mainland China’s western region development ... |