Cement News tagged under: international
Tanga marks anniversary with improved packaging, Tanzania14 April 2011, Published under Cement NewsTanzanian cement producer, Tanga Cement has launched new bags for its Simba Cement brand to improve packaging. The managing director of Tanga Cement Company Erik Westerberg said in a statement yesterday that by improving the packaging, Simba cement seeks to extend further our dedication to customer requirement, ensuring the renowned cement reaches the customer fresh and intact. The new bags are also part of commemorating the 30th year of the company’s founding. The new red and white col... |
Pakistan likely to lift ban on cement exports14 April 2011, Published under Cement NewsPakistan is very likely to lift ban off cement export to India latest by next month, which will allow transportation of cement to its neighbour overland, Geo News reported on Monday. Federal government sources told Geo News that a summary seeking ratification of cement exports to India through the Wagha route has been sent to the cabinet by the ministry of Trade and Production. The source said that a notification was likely to be issued after receiving approval from the prime minister. |
Saudi Cement profit up 19%, Saudi Arabia14 April 2011, Published under Cement NewsSaudi Cement Co, Saudi Arabia’s second-biggest cement producer by market value, said-first quarter profit rose 19 per cent as production efficiency increased with additional capacity. Net income climbed to SAR210.8m (US$56m), or SAR1.38 riyals a share, from SAR176.6m, or 1.15 riyals, in the year-earlier period, the Dammam-based company announced in a statement to the Saudi bourse website today. Saudi Cement results exceeded Global Investment House’s (GIH) estimate by 11.4%. The house not... |
Thailand’s Siam Cement 1Q11 earnings to THB8bn14 April 2011, Published under Cement NewsKim Eng Securities expects Thai conglomerate Siam Cement’s 1Q11 earnings to be strong at THB8bn (+19% QoQ, +17% YoY) with continuing growth. Over the next 4-5 years (2011-2015), the house notes that SCC earnings will see strong growth at 15-20% driven by higher value added products and more investment. It expects the company’s cement division to be driven by growth in domestic demand of 5% and higher cement prices, up THB150/t in 4Q10 and THB50/tin 1Q11. Cement earnings will rise to THB2... |
Podilskyi Tsement to increase output 15.3%, Ukraine14 April 2011, Published under Cement NewsUkrainian producer Podilskyi Tsement plans to increase cement output by 15.3% this year, or up 0.2Mt to 1.5Mta. Podilskyi Tsement increased production volume in 2010 by 8.33% or 0.1Mt to 1.3Mt compared with 2009. The company, a subsidiary of CRH, operates a six-kiln wet process plant in south-western Ukraine which is currently being replaced by a state-of-the-art dry-process plant. The new kiln will have a clinker capacity of 2.5Mta and cement capacity could exceed 3Mta. |
Shree Cement revives Raipur cement plan, India14 April 2011, Published under Cement NewsShree Cement, the biggest in the northern region, is to set up a clinker plant in Raipur, Chhattisgarh. This is the first time the company is expanding its presence outside Rajasthan. HM Bangur, managing director, said, “We have been acquiring the land for the last two years and have got partial success. We have acquired 75 per cent of the area and once completed, we will first put up the clinker plant.” In April 2007, nine cement companies had each signed a memorandum of understanding (Mo... |
Turkey’s Sabanci seeks acquisitions14 April 2011, Published under Cement NewsTurkey’s Sabanci cement group is seeking acquisitions in the region and could spend between TRL1bn-1.5bn (US$660-$988m) on buy-outs this year, its chairman Mehmet Gocmen said. The group is also interested in acquiring domestic cement makers and could buy Afyon Cimento, Gocmen told reporters late on Thursday. "Some large cement companies are selling assets because they can’t pay their debts and this offers an opportunity to companies with strong cash flow like us. We will either buy the net... |
ACC expects market share to cross 11 per cent mark14 April 2011, Published under Cement NewsACC, one of the largest cement manufacturers, expects its market share to cross 11 per cent in 2011 from 10.2 per cent recorded in 2010. Speaking to the media on the sidelines of the company’s 75th annual general meeting, Mr Kuldip Kaura, Chief Executive Officer and Managing Director, ACC, said the company’s overall capacity stands enhanced to 30Mta from 22Mta last year with the expansion at Wadi in Karnataka and Chanda in Maharashtra completed. “Post-expansion, we expect our market share ... |
Spanish cement demand up 2.2% in first-quarter14 April 2011, Published under Cement NewsSpanish cement consumption in the first quarter reached 5.2Mt, representing a 2.18% increase compared with the same period last year. On a monthly basis, March 2011 consumption was down 6.4% to 1.99Mt. The upward trajectory of exports has been maintained, up 33.62% in the last 12 months to 3.92Mt. Imports continued their decline as they fell 35.7% during the same period to 1.75Mt. |
Saudi cement sector first-quarter results14 April 2011, Published under Cement NewsA number of leading Saudi cement producers have released their first-quarter 2011 results this week with three of the four companies under Global Investment House’s (GIH) coverage reporting better than expected results, reflecting improvements in cement demand outlook. Saudi Cement Co said-first quarter profit rose 19 per cent as production efficiency increased with additional capacity. Net income climbed to SAR210.8m (US$56m) from SAR176.6m in the year-earlier period. These results exceede... |