Cement News tagged under: international
Liberia: gov’t holds down gas, cement prices27 April 2011, Published under Cement NewsIf fuel suppliers and Liberia’s lone cement manufacturer, CEMENCO, stay faithful to their shared responsibility to the Liberian consumers, gasoline and cement prices are unlikely to increase any time soon. This is due to the new Executive Order #31, which President Ellen Johnson signed Wednesday this week, suspending a US $2.00 protective tariff on a 50 kg bag of Portland cement and on petroleum products intended for use by schools and industries not ‘covered adequately’ by government subsi... |
South Valley Cement net income down27 April 2011, Published under Cement NewsEgyptian cement company, South Valley Cement, said full-year net income declined 66 per cent to EGP50.9m (US$8.6m). The shares gained 1.1 per cent to EGP4.48. |
China cement production increases by one-third27 April 2011, Published under Cement NewsCement production in China reached 164.56Mt in March 2011, up 29.8% compared with the same period last year, according to the latest data released by the National Bureau of Statistics (NBS). Production volumes ended the first quarter 2011 at 369.85Mt, 18.1% ahead of 2010, and confirming expectations that China is set for another record year. In February, Xiangzhong Kong, Secretary General of the China Cement Association, told International Cement Review that cement consumption in China wo... |
PCA expects constrained demand growth27 April 2011, Published under Cement NewsWhile the economic recession is over and economic growth is strengthening, the construction recession may not run its course for another 18 months, hindering an improvement in cement consumption for the next two years according to the most recent economic forecast from the Portland Cement Association (PCA). In 2011, PCA anticipates marginal growth with a two per cent increase in consumption. However, this will increase to 8.5 per cent in 2012 and swell to 18.5 per cent in 2013 when all cons... |
Benin Cement output may fall 44% amid electricity shortages27 April 2011, Published under Cement NewsCement output in Benin may fall 44 per cent this year as damaged machines and a lack of power hinders production, Trade Minister Christine Ouinsavi said. Output of the building material may decline to 800,000t from 1.43Mt last year, she said in an interview with Reuters in the southern city of Cotonou. Benin’s government plans to boost cement imports from neighbouring countries to help meet local demand, she said, without providing further details. Benin, which relies on cotton for most ... |
Camargo Correa cement arm rebrands as InterCement27 April 2011, Published under Cement NewsCamargo Correa of Brazil has rebranded its cement arm under the holding name of InterCement. The group’s cement business formerly operated under the name Camargo Correa Cements. The new name represents efforts by the company to increase brand recognition outside of Brazil. "The repositioning of the brand is related to our acquisitions in history, the ability to integrate business and turn them into business models," said Andrew Schaeffer, director of InterCement Brazil. |
Caribbean Cement targets South American export order27 April 2011, Published under Cement NewsCaribbean Cement Company Limited (CCCL) is about to expand its supply markets into South America, virgin territory for the Jamaican company, which has been building out its export operations to make up for business lost to imports in its home market. General Manager Anthony Haynes said his company expects to close a new deal with a South American company in three months. "The new contract will represent significant business for us but I can’t speak to volume," Haynes told Wednesday Busines... |
Taiwan producers report strong first-quarter China results26 April 2011, Published under Cement NewsThanks to a cement price hike in China, Taiwan’s leading cement producers which have invested in the country, including Taiwan Cement Corp, Asia Cement Corp, Chia Hsin Cement Corp and Goldsun Development & Construction Co, all reported strong sales and earnings in the first quarter of this year. Taiwan Cement’s subsidiary in China—TCC International Holding Limited is expected to see first-quarter earnings exceed CNY280m (US$42.9m), compared to a loss of CNY20m in the same period of 2010. T... |
Mbeya Cement loses tax appeal, Tanzania26 April 2011, Published under Cement NewsMbeya Cement Company Ltd of Tanzania will have to pay over TZS1bn (US$662,251) unremitted tax to the Tanzania Revenue Authority (TRA) after losing an appeal that challenged tax assessment. Last week, the Court of Appeal sided with TRA when by ruling that “there was no cause for the court to interfere with the decision of the administrative tribunal” that the assessment was valid. The cement company was challenging the assessment of additional Value Added Tax (VAT) of TZS1bn made by TR... |
Ras Al Khaimah Cement’s 1Q revenue plunges26 April 2011, Published under Cement NewsUAE-based producer, Ras Al Khaimah Cement has reported a fall in net profit of 90.9 per cent to AED0.27m (US$73,510) for the first-quarter of 2011, as the local market continues its weak performance. Depressed cement demand and low prices resulted in the company’s revenue plunging by 24.1 per cent to AED53.3m. On an operational front, the company ended in losses of AED1.1m compared to AED0.5m in 1Q10. Compared to previous quarter, the share of profits from associates also declined by 3... |