Cement News tagged under: international
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... |
HeidelbergCement domestic business doing "very well"31 May 2011, Published under Cement NewsHeidelbergCement AG Chief Executive Officer Bernd Scheifele said the company’s German business is “going very well,” Deutsche-Presse Agentur said, citing an interview with the manager. HeidelbergCement is selling every ton of cement it can and ready-mix concrete is showing double-digit growth rates, the German newswire cited Scheifele as saying. The company expects strong growth from China and India in coming years, while “no big impulses” are expected from the US market, the CEO told the n... |
German demand seen rising 6% in 201131 May 2011, Published under Cement NewsThe German cement sector expects to register in increase in domestic consumption this year boosted by improvement in the economy and demand for construction services. According to the German cement industry federation, BDZ, demand is expected to increase by nearly six per cent to 26Mt from 24.6Mt recorded last year. According to president of the BDZ, Andreas Kern, the industry will also benefit from weather-related improvements compared to 2010. For the first four months of the curren... |
TCC to buy limestone quarries to reduce costs30 May 2011, Published under Cement NewsTCC International Holdings said it has agreed to acquire the entire equity interests in Guigang Chien Kuo Mining Co., Ltd., Jiangsu Chien Kuo Mining Industrial Co., Ltd. and Yingde Chien Kuo Mining Industrial Co., Ltd. at a total of HKD436m. By bringing the above three companies and their operations into the TCC International Group through the acquisition, the relevant subsidiaries will no longer have to outsource the limestone quarrying part of their production chain to third parties. The... |
BBMG China to acquire new plant30 May 2011, Published under Cement NewsBBMG Corp, a leading cement producer and property developer headquartered in Beijing, announced recently that it plans to buy a cement production line from a Henan Province-base cement producer for RMB350m, China Industry Daily reported. The production line is located in Shanxi Province and has a clinker capacity of 3000tpd. Following the deal, BBMG expects its annual cement production capacity to expand by 1.5Mta. |
Fauji Cement to profit from new dam30 May 2011, Published under Cement NewsThe construction of the Diamer Bhasha hydroelectric dam in Pakistan is expected to boost cement demand by up to 5Mta during its construction, with Fauji Cement likely to benefit the most. The Asian Development Bank (ADB) has confirmed that it is ready to lend US$4.5bn for the construction of the dam, which will play an essential role in enabling Pakistan to meet its future energy requirements and will also support general economic growth. Fauji Cement’s proximity to the dam and historical... |
ACC to expand Karnataka production base30 May 2011, Published under Cement NewsACC Ltd, India’s largest manufacturer of cement, plans to expand its capacity in Karnataka by setting up a 1Mta fly ash-based Portland Pozzolana unit in the coastal area. The company plans to invest INR280 crore (INR2800m) to set up the plant, its fifth in the state. “We have signed the (deal) with the state government and are working out the specific details like capacity, investment and land availability before going to the board for final approval,” N Iyer, Director, sales, south, told B... |