Cement News tagged under: international
Buzzi Unicem buys 3,200 own stocks23 March 2011, Published under Cement NewsItalian cement maker Buzzi Unicem bought 3200 own shares for EUR 1.371 each between March 14 and 18, 2011, as part of a share buy back programme. The company has acquired a total of 115,425 stocks and sold 512,738 since the start of the programme. As at March 18 Buzzi Unicem held 76,025 stocks of its own share capital, equal to a 0.813% stake. |
Indo Zinc is now Trinetra Cement Ltd, India22 March 2011, Published under Cement NewsIndo Zinc Ltd has it received approval to change its name to Cement Limited from shareholders through postal ballot. The new name is effective as of March 18, 2011. |
Bajrashakti Cement introduced to Nepal market22 March 2011, Published under Cement NewsNarayani Cement Industry has introduced Bajrashakti cement in the Nepali market after the success of its another brand Tri-Shakti. The new brand is suitable to Nepal’s market, the company, claimed adding that Bajrashakti cement is produced from high quality raw materials from the factory equipped with state-of-art technology from Germany. Lately the country has witnessed a construction boom giving enough room for the expansion of cement industries. The brand is sent to the market after a ... |
PPC profits seen down 30%, South Africa22 March 2011, Published under Cement NewsPretoria Portland Cement (PPC) said Tuesday that due to difficult trading conditions, PPC’s financial results for the six months ended March 2011 are expected to decrease by more than 30% compared to those for the six months ending March 2010. South African cement sales continue to decline and industry figures released for the five months from October 2010 to February 2011 show a cumulative decline of 6.5%, it said. Further guidance will be provided once the management accounts for the r... |
Egypt’s Suez Cement counts cost of unrest21 March 2011, Published under Cement NewsSuez Cement, Egypt’s biggest listed cement maker by market value, said the political unrest that ousted Hosni Mubarak cost it and a subsidiary E£80m (US$13.5m), Reuters reports. "The firm lost a total of nine days during the events of the months of January and February 2011, while the company’s estimated total losses were E£30m due to the interruptions," it said in a statement on Sunday. Suez said its 99 per cent owned Helwan Cement unit lost another EG£50m after its plants stopped operati... |
Peru: demand putting pressures in national producers21 March 2011, Published under Cement NewsWith the demand surpassing 9.05Mt 2010, of which 8.1Mt supplied by national companies, the Peruvian market is increasing imports. Around 60% of the domestic market is cornered by Cementos Lima, Cemento Andino and Cemento Yura, which are running at above 90% of the installed capacity unable to meet the market requirements. |
CMCL look to northeast markets21 March 2011, Published under Cement NewsCement Manufacturing Company Limited (CMCL), a 70 per cent subsidiary of Century Plyboards Limited (CPL), is looking to exploit the strong demand in the northeast. A Crisil report marks the northeastern region as the fastest growing cement producing area with a compounded annual growth rate of 13 per cent. CMCL, which enjoys an 18 per cent market share in the region, has its cement and clinker units at Lumshnong in Meghalaya and sells the cement under the brand name — Star Cement. At pre... |
Egypt’s Misr Beni Suef seeks 25 per cent capital hike21 March 2011, Published under Cement NewsThe board of Egypt’s Misr Beni Suef Cement said it had proposed increasing the company’s capital by E£100m (US$16.9m) to support its capital base. If shareholders approve the proposal, the cement maker’s capital will rise 25 per cent to E£500m, it said in a statement released by the stock exchange on Sunday. The company said last week its 2010 net profit fell 22 per cent to E£303.9m. |
EEL India to set up manufacturing plant in Haryana21 March 2011, Published under Cement NewsEEL Private Limited, a subsidiary of the FLSmidth group, will set up a new manufacturing plant in Haryana, a senior official said Sunday. According to Rajeev Arora, managing director of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), the foundation stone of the project will be laid Tuesday in Bawal industrial area, 90km from New Delhi. |
Oman Cement to invest in modernisation21 March 2011, Published under Cement NewsOman Cement Copany, the Sultanate’s second biggest cement producer, is planning to modernise its clinker unit and reduce emissions with a total capital expenditure of US$37.57m. The contract has been awarded to CNBM International Engineering of China. The work is expected to be completed by end of February 2012. The modernisation of Line No 1 will also result in increased production from 2000tpd to 2700tpd. Also, the plant will be energy-efficient in terms of fuel consumption with an in... |