Cement News tagged under: international
Southern Province Cement 1Q profit rises13 April 2011, Published under Cement NewsSouthern Province Cement Co said first-quarter profit rose to SAR225.9m (US$60.2m) from SAR189.6m a year earlier as sales in the kingdom increased. The shares were unchanged at SAR61.5. |
Jaiprakash Associates targets 40% growth rate, India13 April 2011, Published under Cement NewsManoj Gaur, executive chairman of Jaiprakash Associates Limited (JAL) is surprised at the recent under-performance of this company in the secondary markets. "We have been able to maintain decent growth rate," he said. Going forward, he said, the company aims to maintain a growth rate of 40%. "We expect debt to scale down significantly in FY12," he said adding, "The treasury stake sale remains an option to pare down debt." Gaur expects FY12 EBITDA above Rs 4,000 crore. “We expect constructi... |
Botswana firm receives mark of quality13 April 2011, Published under Cement NewsMatsiloje Portland Cement (MPC) has been awarded BOS ENV 197-1:1992, a certificate of quality, by the Botswana Bureau of Standards (BOBS). BOBS handed the certificate to MPC at the company’s factory in Matsiloje Village last Friday. Speaking at the ceremony, the Managing Director of BOBS, Masego Marobela, said BOBS felt honoured that MPC had chosen it for certification instead of going out of the country. "We are not only privileged to welcome MPC into our family of licensed organisations,... |
Siberian Cement to acquire 51% in Angarskcement, Russia13 April 2011, Published under Cement NewsKemerovo region’s Siberian Cement intends to purchase 51% shares in Irkutsk region-based Angarskcement for $62m from RATM holding, Kommersant reports. The buyer is reportedly to get RATM’s shares in Angarskcement plant, Pereval mine and Bystrinsky deposit. As a result of the deal, the Siberian Cement is to grow its share in Angarskcement to 100%, the newspaper said. The deal is scheduled to be closed in May-June 2011. |
Salt River Materials Group seeks tax reduction, USA13 April 2011, Published under Cement NewsSalt River Materials Group ( SRMG) , owners of the Phoenix Cement Plant in Clarkdale, Arizona is seeking a US$60m reduction in the assessed value of the company’s personal property at the Clarkdale plant – ie the value of the plant itself, not the land on which it sits. The plant is currently valued at approximately US$111m. The county assessor’s office says it’s worth closer to US$128m. SRMG says it is worth exactly US$56,944,903. In a statement sent to Verde Valley Newspapers, SRMG Pr... |
Turkish exports rise 7.38% in 201013 April 2011, Published under Cement NewsTurkish cement exports increased by 7.38 per cent in 2010 compared to 2009, according to the Union of Turkish Cement Producers. Clinker exports, however, fell 29.7 per cent YoY. In 2009, the country exported 14Mt of cement while in 2010 exports reached 15.06Mt. Last year clinker exports amounted to 2.77Mt against 3.95Mt in 2009. Exports from the Mediterranean region registered the highest increase last year up 50.1 per cent YoY. |
Argentina March sales rise13 April 2011, Published under Cement NewsAfter the 3.7 per cent monthly decline witnessed in February, Argentina shipped 924,684t in March (including exports) which represented a MoM improvement of 10.9 per cent and an annual rise of 3.1 per cent. According to provisional data from the Association of Portland Cement Manufacturers (AFCP), domestic shipments totaled 911,933t, 11.3 per cent more than February and 4.6 per cent above the March 2010 figures. In the first quarter, cement deliveries totaled 2.6Mt, a rise of 10.75 pe... |
Indonesia exports set to decline this year13 April 2011, Published under Cement NewsIndonesia’s cement exports will likely decline this year, as most of the country’s major cement producers are focusing on the domestic market, according to Urip Timuryono, chairman of the Indonesian Cement Association (ASI) "Cement exports are likely to decrease to 1Mt or 2Mt this year from 3Mt last year as producers will allocate a larger part of their production to meet the surging demand in the domestic market," Urip told The Jakarta Post on Monday. Indonesia has eight cement compan... |
Dangote signs US$3.9bn contract with Sinoma13 April 2011, Published under Cement NewsThe Dangote Group of Nigeria and Chinese firm Sinoma have entered into a fresh US$3.9bn contract to be executed in six African nations. The contract which was signed in Lagos by the President of Dangote Group, Alhaji Aliko Dangote, and President of Sinoma, Wu Shoufu, will see Dangote cement’s output across Africa rise to about 50Mta in two and a half years. Dangote said the move is in line with his company’s overall objective of boosting cement production and supply within the African cont... |
Ulyanovskcement boosted by production revival, Russia13 April 2011, Published under Cement NewsZAO Ulyanovskcement (Ulyanvosk region, Russia), a member of the Eurocement Group, reported a 65% increase in cement production for the first quarter of 2011, boosting volumes to 205,000t. In March the company produced 91,000t of cement, up 42% on the same period last year. Clinker production during the period amounted to 79,000t, an increase of 16% YoY. Deliveries surged to 207,000t, up 67% on the same period last year. In March, the factory dispatched 95,000t cement, rose 51% YoY. The... |