Cement News tagged under: international
BBMG sees bright future through affordable housing12 April 2011, Published under Cement NewsBBMG Corporation, a cement maker and property developer in the Bohai Rim region, plans to expand its affordable housing development operations this year to take advantage of favourable government policies, the company said Monday after posting a 42.5 percent gain in its full-year net profit for 2010. The company’s net profit amounted to CNY2.72bn (US$0.42bn) for the year ended December 31, up 42.5 per cent compared with 2009, as its revenue soared 65.8 per cent YoY to CNY22bn, thanks to bri... |
Colombia Feb’ production increases12 April 2011, Published under Cement NewsCement production in Colombia in February 2011 stood at 754,075t, up 1.7 per cent on the same month in 2010. According to the Departamento Administrativo Nacional de Estadistica (DANE) deliveries were also up 2.1 per cent compared to February 2010. "This increase occurred due to the rise in the amount that is sent to the ready-mix, which contributed 4.4 percentage points to annual variation, in the other channels, shipments fell." The largest increases were recorded in the regions of Atlán... |
Holcim Maroc 2010 sales down 4%12 April 2011, Published under Cement NewsHolcim Maroc recorded a four per cent drop in 2010 cement sales volumes recording 3.57Mt against 3.7Mt the year before. This decline in sales of the company, whose production capacity is estimated at 4.5Mt, comes in the context of a domestic cement market that only grew by 0.4 per cent in 2010 compared to 3.4 per cent growth in 2009, CEO of Holcim Maroc, Dominique Drouet, said. The company also noted a fall in aggregates to 1.15Mt against 1.16Mt in 2009 (down one per cent). Ready-mix sal... |
JK to foray into power generation business11 April 2011, Published under Cement NewsDelhi-based JK Organisation has decided to invest INR15,000 crore over the next four years, including INR7000 crore for a foray into the power generation business. The company has interests in tyre, cement and paper businesses. While growing existing business, the group has chalked out a new strategy for power generation. "We will start with a 660MW thermal power plant in Madhya Pradesh. This would require investments of roughly INR7000 crore and we have already started work on the projec... |
Keralan builders looking to tackle rising prices, India11 April 2011, Published under Cement NewsAs builders elsewhere team up to explore opportunities of setting up a cement plant to tackle rising costs, Kerala builders are looking at the option of opening up dealerships. The build-up of ire against repeated hikes in cement price by manufacturers found concrete expression last week when the Builders Association of India (BAI) declared that it would proceed to put up its own cement plants. An apex body of engineering and construction contractors, the BAI is initially looking at least... |
Holcim Slovensko plans investments, Slovakia11 April 2011, Published under Cement NewsDuring a visit by Prime Minister Iveta Radicova to Holcim Slovensko’s Rohoznik works in Slovakia, a company spokesman presented plans to invest EUR11m this year. One-third of the amount will be put towards improving reliability of cement production while some EUR7m will be for improving production efficiency. During the PM’s visit, the company introduced proposals on how to save 40-60 per cent of highway construction costs through the use of cement-concrete pavements, and how to stimulate ... |
Lafarge looks to sell plasterboard unit – report11 April 2011, Published under Cement NewsLafarge is looking for a buyer of its plaster division Lafarge Gypsum, according to media reports. Daily Les Echos wrote that the value of Lafarge Gypsum is estimated at EUR1.5bn. French bank BNP Paribas (EPA:BNP) and global financial services holding company Citigroup will study the possible options. Reportedly, they started yesterday contacting potential buyers, which include industrial, financial companies and funds. News agency Reuters said yesterday that the majority of the candidates... |
Vietnam sales at 11.19Mt in first-quarter 201111 April 2011, Published under Cement NewsVietnam’s cement sales stood at 11.19Mt in the first quarter of this year, fulfilling 20.5% of the sector’s full-year target. In March, the country consumed 5.01Mt, the Ministry of Construction reported. Cement production stood at 5.07Mt in March, raising the country’s total production in first-quarter to 11.67Mt, meeting 21.4% of the full-year target. The country’s cement consumption is forecast to stand between 54.5-56Mt this year, up 9-10 per cent on last year. |
Mangalam benefits from strong northern India demand11 April 2011, Published under Cement NewsMangalam Cement, which is controlled by the BK Birla group, has benefited from strong demand in the northern part of the country over the past few months. Cement prices have increased on a-per-tonne basis in this region during the current peak construction season. According to brokerage house estimates, cement despatches in the northern region grew nearly 14% YoY between January and February 2011, significantly higher than the all-India growth during this period. This was due to a pick-up ... |
Al-Duqm joint venture project on hold, Oman11 April 2011, Published under Cement NewsA proposal to build a cement plant in Oman’s northern city of Al Duqm has been put on hold due to lack of long-term availability of natural gas to run the project. The initial proposal was to promote the project as a joint venture between Raysut Cement Company and Oman Cement Company, with an active support from a government-owned company. Jamal Shamis Al Hooti, chief executive of Oman Cement Company told the Times of Oman that the ministry could not commit natural gas for the projec... |