Cement News tagged under: international
Cementos Polpaico hopes for better 2011 demand, Chile18 May 2011, Published under Cement NewsChilean cement operation Polpaico is hoping for a better 2011 given that increased demand predicted in the wake of February 2010´s earthquake did not really materialised. The president of the company, Juan Antonio Guzman stated yesterday at the company’s Annual General Meeting that sales volumes advanced somewhat in 2010 but that clinker imports rising 77% impacted sales. Overall results fell short of 2008. Profits for Polpaico in 2010 came to CHP$399m, down 92% when compared to 2009 as di... |
Russia’s Sibirsky Cement swings to 2010 loss18 May 2011, Published under Cement NewsRussian holding company Sibirsky Cement swung to a net loss of RUB69.6m (US$2.5m) in 2010 against a net profit of RUB6.9m in 2009, the company said in a statement Tuesday. Sibirsky Cement’s revenue rose 14.3% on the year to RUB887.5m in 2010, the gross profit was up 14.8% on the year to RUB831.6m, while the operating profit fell 21.3% on the year to RUB315.1m. The company posted a pretax loss of RUB47.8m in 2010 compared to a pre-tax profit of RUB34.0m in 2009. However, for the first four... |
Polish producers see strong period of growth18 May 2011, Published under Cement NewsDuring the first four months of 2011, Polish cement producers sold 4.3Mt – up 33 per cent over the same period last year, Puls Biznesu reports. In April alone, sales were up 17.4 per cent with 1.7Mt sold. According to Jan Deja, director of the Polish Cement Association (SPC), if there is no early onset of winter this year, sales could rise by an impressive 10 per cent to a total of 17Mt. The Institute for Market Economics predicts that growth will continue until at least 2015. |
Poor demand leads to Philippine producers to price war18 May 2011, Published under Cement NewsUncharacteristically low demand of cement during this summer season on poor government infrastructure projects has forced Philippine cement producers to engage in a price war to achieve a larger share of the small construction demand coming from the private sector. Prices of cement have gone down to as low as PHP185-190/40kg bag (US$4.3) from a high of PHP220-230/bag (US$5.10) in the middle of last year when strong demand was boosted by the completion of the remaining infrastructure project... |
Adelaide Brighton forecasts flat full-year profit, Australia18 May 2011, Published under Cement NewsCement and lime manufacturer Adelaide Brighton Ltd says it expects its full year profit to be in line with its calendar 2010 result, despite a weaker first half. The company also says it is confident there are good opportunities for long-term growth for shareholder returns despite mixed and uneven economic conditions. Adelaide Brighton reported a net profit after tax of A$151.5m for the year to December 31. EBITDA increased 16.7 per cent to A$216.2m due to higher selling prices, managemen... |
Indian prices to rises to see marginal increases - report18 May 2011, Published under Cement NewsBrokerage firm Elara Securities (India) has said it does not expect Indian cement prices to rise significantly in the current fiscal due to sluggish demand. Historically, the cement industry has gained pricing power only when capacity utilisation surpasses 85 per cent. Thus, the firm expects pan-Indian cement prices to increase only by 1.7 per cent to 3.3 per cent on an average over FY11. The brokerage firm expects capacity utilization to be 75-82 per cent in FY12. As a result, cement comp... |
Mombasa Cement looks to doubling output, Kenya?17 May 2011, Published under Cement NewsMombasa Cement has started construction of a new grinding plant that will double its cement capacity next year, boosting the company’s drive for increased market share. Harish Patel, a director at the cement-maker in charge of the Kenya operation, says there still exists huge potential to grow its turnover backed by a pricing strategy. “There is a huge potential in this market and we will continue to offer the lowest prices to grow our market share,” said Mr Patel, adding that the addition... |
No cancer cluster evidence found at Hanson Cement, UK??17 May 2011, Published under Cement NewsInvestigations into health concerns over a Flintshire cement plant in Wales have found no evidence of consistent cancer clusters in the area. The study, by Public Health Wales and other agencies, also says air quality around the Hanson Cement plant in Padeswood near Mold is "favourable". Hanson cement works at Padeswood, Flintshire has always said there are no health risks at the plant. A report from the Welsh Cancer Intelligence and Surveillance Unit (WCISU) concluded there is "no eviden... |
Kuwaiti Shuaiba Industrial wins Lebanese order17 May 2011, Published under Cement NewsKuwait-based paper manufacturer Shuaiba Industrial Co said yesterday in a bourse filing it had won a KWD170,000 (US$615,049) contract to supply cement bags to an undisclosed Lebanese cement firm. The contract is valid for a period of three months. |
Thang Long Cement secures African export order17 May 2011, Published under Cement NewsThang Long Cement JSC, a joint venture between the state-run Vietnam Machinery Installation Group (Lilama) and Hanoi General Export Import Corporation (Geleximco), exported 33,000t of cement to Africa May 11. The amount was the second batch under an export contract of 50,000t of cement to Africa which was signed earlier, the Dau tu newspaper reported Monday. The company has recognised Africa as a potential market with a high demand for construction materials. Therefore, it has been strivin... |