Cement News tagged under: international
Proposed dam likely to boost cement consumption, Pakistan31 May 2011, Published under Cement NewsConstruction of the Diamer Bhasha Dam, a proposed dam in the Northern Areas of Pakistan on the River Indus, will boost Pakistan cement sector growth as it is expected to consume approximately 5Mta. Officials from the Water and Power Development Authority (WAPDA) of Pakistan have revealed that China will most likely fund the bulk of project costs, as well as provide 17,000 workers from the Three Gorges Dam Project. The Asian Development Bank (ADB) has formally informed Pakistan that it was r... |
Indian cement demand seen growing 8-9%31 May 2011, Published under Cement NewsDemand for cement in India is likely to grow by 8-9 per cent in the current fiscal year, but prices will remain stable in the absence of any pricing war, JK Lakshmi Cement has said. "The demand for cement grew by just five per cent in the last fiscal year compared to 12 per cent in the previous one. It is likely to grow by 8-9 per cent this fiscal year," JK Lakshmi Cement whole-time director Shailendra Chouksey told PTI. Demand growth will stem from the government’s increased spending on i... |
Lucky Cement green light from SA authorities to export cement? ?31 May 2011, Published under Cement NewsLucky Cement, the largest manufacturer and exporter of cement from Pakistan, was under the spotlight after the claims from some local cement players in South Africa about its quality issues. However, the company has noted it has steered of this propaganda after the Court in Durban gave its verdict in favour of the Pakistani exporter recently. Lucky Cement exports regularly to South Africa and has a valid certification from South African Bureau of Standards (SABS), which has stringent requ... |
Asia Cement eyes benefits from power shortages31 May 2011, Published under Cement NewsAsia Cement (China) Holdings Corporation expects its cement sales this year to grow by 23-28 per cent from 2010 as the company looks to benefit from higher prices caused by reduced cement supply due to power shortages on the mainland. In a media briefing on Monday, Chairman Douglas Tong Hsu said the company expects to sell 24-25Mt of cement in 2011, up from 19.5Mt in 2010. The bright forecast is in part due to the prediction that cement supply will be tight this year as a result of the pha... |
PPC Zimbabwe hit by inflation, lower demand31 May 2011, Published under Cement NewsSouth African-owned Pretoria Portland Cement’s Zimbabwe division has reported production and inflation problems as obstacles in the year ending March 2011. This was largely because of an upsurge in selling prices and also poor performance by other sectors. Some of the biggest PPC customers are in the steel and alloys industry that has not been performing well. According to financial results, PPC’s group revenue declined by 5% to ZAR3257m (US$472m) from ZAR3421m in 2010 and total cement vol... |
India Cements net down 80%31 May 2011, Published under Cement NewsIndia Cements has reported a steep decline of over 80 per cent in its net profit for the year 2010-11 at INR68.1 crore (US$15m) as against INR354.34 crore registered in the previous year, due to sluggish market scenario in the south. The firm’s gross turnover was lower by five per cent at INR 4,011.34 crore during the just concluded fiscal year, as against INR4,221.69 crore reported in the previous year. Given the negative growth in South India for cement, the company’s capacity utilisation... |
Tanzania: uncertainties to reduce profit, says Tanga31 May 2011, Published under Cement NewsTanga Cement Company projects a positive business outlook this year but repairs to its kiln, uncertainties brought by poor economic growth prospects and competition are expected to cut into the firm’s profit. The company hopes to spend US$6m (about TZS9bn) on repairing its kiln. In March, the company which trades as Simba Cement, announced a dividend of TZS10.633bn after posting a net profit of TZS32.19bn in 2010 - higher than TZS30.42bn profit the previous year. Managing director Erik Wes... |
US March year-to-date shipments up 3%31 May 2011, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico for March 2011 were 5.4Mt, slightly lower than shipments in March 2010. Shipments for the year through March were about 12.7Mt, about 3% higher than those of the same period in 2010. The leading producing states in March were Texas, California, Missouri, Florida, and Alabama, in descending order. The leading consuming states (Texas, California, Florida, Louisiana, and Oklahoma, in descending order) received... |
Votorantim sees modest rise in 1Q11 cement sales31 May 2011, Published under Cement NewsVotorantim Group’s overall operating performance improved in the first-quarter 2011 compared to the same period in 2010. Sales volume increased in steel, metals and cement, while remained stable in pulp business. Consolidated net revenues and EBITDA amounted BRL$5627m and BRL$1357m, an increase of 11% and 1%, respectively. EBITDA margin declined from 26.5% to 24.0%, impacted by the cement and steel businesses. Metals business accounted for 45% of industrial EBITDA, cement 35%, steel 7% and p... |
New projects set to drive Mozambique output31 May 2011, Published under Cement NewsSeveral cement factory projects are being launched in Mozambique, including three from Chinese companies, which will make it possible to triple cement production in the country in just two years, according to the Economist Intelligence Unit (EIU), of The Economist group. According to the EIU in its most recent report on Mozambique, expansion of cement production capacity is intended to cover growth in demand from the construction market in Mozambique, with large mining, energy and construct... |