Cement News tagged under: international
Podilskyi Tsement’s 2010 performance, Ukraine13 May 2011, Published under Cement NewsPodilskyi Tsement cement company (Kamianets-Podilskyi, Khmelnytskyi region), which is one of the three largest producers of cement in Ukraine, has posted a net profit of UAH16.6m (US$2m) for 2010. In 2010, net revenue was down by 13.68% or UAH 96m to UAH 605.9m, compared with 2009. |
Siam City Cement 1Q net profit rises13 May 2011, Published under Cement NewsSiam City Cement PCL said Friday its first-quarter net profit grew 37% due to higher revenue. In the three months ended March 31, Thailand’s second-largest cement maker by capacity posted a net profit of THB1.12bn (US$37m), compared to THB816.8m a year earlier. Sales revenue during the period rose to THB6.22bn from THB5.41bn a year earlier. Expenses rose to THB4.73bn from THB4.30bn over the same period. |
Sumitomo Osaka Cement to resume Tochigi operations, Japan13 May 2011, Published under Cement NewsSumitomo Osaka Cement Co will resume production on Saturday at its Tochigi Prefecture factory where operations had been suspended due to radioactive contamination of materials, the company said Thursday. The plant in the city of Sano was shut down May 2 after radioactive cesium released from the crippled Fukushima Daiichi nuclear power facility was found in sewage sludge used to make cement. After testing cement produced and shipped after the March 11 disaster, the product was determined s... |
India capacity seen reaching 320Mt by fiscal-end13 May 2011, Published under Cement NewsIndian cement capacity is expected to increase to 315-320Mt by end of this financial year from the current 300Mt. “The target was 290Mtby the end of this year, which we have already achieved. So, we expect the capacity to increase up to 320Mt by the year end,” NA Viswanathan, secretary general, Cement Manufacturers Association (CMA), said. Stating that India was seeing an addition of almost 40Mta, he said in the last five years the production capacity has doubled. |
New 0.54Mta cement factory for Niger13 May 2011, Published under Cement NewsThe Niger government has approved the creation of a new cement company – La Nouvelle Cimenterie du Niger Diamond SA – with a planned production capacity of 0.54Mta, according to an official source. The government says the CFA3bn (US$85m) project will help to stabilise market prices and ensure a regular supply of cement for Niger. It aims to bring Niger one step closer to self-sufficiency in cement. At present, the country has one cement works, Damnaz Cement Company, which has long struggl... |
Lafarge sells US units for US$760m to Cementos Argos12 May 2011, Published under Cement NewsLafarge announces the sale of its cement and concrete assets in the southeast United States to the Colombia-based conglomerate Cementos Argos for an enterprise value of US$760m. The assets acquired include: - Roberta cement plant, Alabama (capacity: 1.6Mta) - Harleyville, South Carolina (1.1Mta) - grinding unit in Atlanta, Georgia (500,000tpa) - 79 ready mix plants in Georgia, South Carolina, Alabama, and Florida (3.3Mm3 per annum) - 347 ready mix trucks - five rail terminals (three i... |
Egypt’s North Sinai Cement regains licence12 May 2011, Published under Cement NewsNorth Sinai Cement will resume operations within a week after a court cancelled a government decision to scrap the firm’s licence, its chairman told Reuters on Wednesday. Egypt’s Industrial Development Authority (IDA) removed North Sinai’s licence late in 2009 over start-up delays and financing shortfalls. The firm was granted a 60-day appeal period but failed to meet conditions to challenge the decision. Investors in listed rivals, such as South Valley Cement and National Cement , were wa... |
Grasim 4Q10-11 beats expectations12 May 2011, Published under Cement NewsGrasim Industries’ consolidated results for the March 11 quarter were broadly better than analysts’ expectations, thanks to a sharply improved performance in its smaller viscose staple fibre (VSF) and wood pulp division. Its cement interests also reported an improved performance. Group net revenue was INR6502 crore for the period, up 19 per cent YoY. Net profit was INR865 crore, an increase of 32 per cent compared to the same period of last year. Cement demand growth remained subdued durin... |
Iran’s monthly cement output hits 5.6Mt11 May 2011, Published under Cement NewsIran’s cement output amounted to some 5.6Mt in the first month of the current calendar year (ended April 20), up 17.6 per cent compared to the same period last year, IRNA reported. Nearly 5.6Mt of clinker was also produced, up 18 per cent more than last year’s figure. Some 126,191t of clinker and 547,163t of cement were also exported during the same period, an increase of 3.5 per cent YoY. |
Cimpor profit up 24.7%, new Brazil plant announced11 May 2011, Published under Cement NewsBrazil has consolidated its leading position in the Cimpor empire as the Portuguese-based cement major reports a rise in first-quarter 2011 profit. Cimpor’s turnover in the first quarter rose by 14.3 per cent to Ä547.7m and the EBITDA improved by 15.4 per cent to Ä142.4m. A 4.2 per cent reduction in depreciation and provision charges to EUR53.7m led to a 31.7 per cent increase in the trading profit to EUR88.7m. Net financial expenses rose by 2.5 times to EUR9.8m, leading to a pre-tax... |