Cement News tagged under: international
Shanshui Cement to raise capacity to 80Mt22 February 2011, Published under Cement NewsChina Shanshui Cement Group Ltd, a Hong Kong-based cement producer, plans to boost its cement capacity to 80Mt of cement and 50Mt of cement clinker at the end of 2011, reflecting a YoY increase of 22% and 62%, respectively. At the end of last year, the firm’s cement and clinker output capacity was 65.8Mt and 30.95Mta, respectively. To meet the target, the company has allocated between CNY3bn and CNY4bn for capital expenditure for 2011, and the capital expenditure for 2012 will reach CNY5b... |
India to add 23Mt of fresh capacity next fiscal22 February 2011, Published under Cement NewsThe Indian cement industry, already experiencing an oversupply situation, is expected to add 23.3Mt of capacity in 2011-12 with the southern region accounting for a lion’s share of 9.2Mt. The East is next with 4.1Mt while the north will see 3.7Mt being added. The western and central regions are not too far behind with 3.3Mt and 3Mt each, say industry sources. This fiscal, cement companies have added 24Mt till October with another 20.9Mt scheduled to be wrapped up by the end of this fisca... |
Malaysia Tasek Corp profit rises22 February 2011, Published under Cement NewsTasek Corp Bhd’s pre-tax profit for the fourth quarter ended 31 December 2010 rose to MYR72.765m (23.89m) compared with MYR20.943m (US$6.9m) in the same quarter of 2009. Revenue increased to MYR133.674m from RM116.084m previously. For the 12-month period, its pre-tax profit rose to MYR156.272m from MYR87.160m in 2009. Revenue increased to MYR546.762m from RM520.785m previously. In a filing to Bursa Malaysia on Friday, Tasek said the better results were mainly in line with the incr... |
Votorantim & Camargo Correa purchase of Cimpor given green light – with restrictions22 February 2011, Published under Cement NewsBrazil’s antitrust authority Seae said Monday it approved Brazilian cement producers Votorantim Cimentos SA and Camargo Correa SA’s purchase of 53% of the total stock in Portuguese cement maker Cimpor, with restrictions. Seae’s recommendation will now proceed to Cade, Brazil’s antitrust council that is part of the country’s justice ministry, for a final ruling. Seae is part of Brazil’s finance ministry. The companies will need to sell cement and concrete plant assets in Brazil in areas... |
Brazil’s January sales up 9.1%22 February 2011, Published under Cement NewsJanuary 2011 sales in Brazil reached 4.7Mt, an increase of 9.1 per cent on the same month last year, recent data from Sindicato Nacional da Industria do Cimento (SNIC) showed. Cumulative sales for the last 12 months (February 2010 – January 2011) reached 59.3Mt, representing an increase of 14.4% over February 2009-January 2010. |
Pakistan exports decline22 February 2011, Published under Cement NewsIn the first seven months of the current fiscal (July 2010-January 2011) Pakistan exported 4.74Mt of cement and earned US$244.53m compared to 5.98Mt at US$289.27m between July-January 2009-10. This marks a decline of 20.81 per cent in terms of volume and 15.47 per cent in terms dollar value. However, the average cement export price has increased to US$51.63/ t during July 2010- Jan 2011 from 48.36/t in the same period of the previous fiscal. Afghanistan remained the biggest importer of Pak... |
Proposed increase of Federal Excise Duty on Pakistan cement22 February 2011, Published under Cement NewsAccording to Karachi-based analysts, InvestCap Research, Pakistan’s Federal Bureau of Revenue (FBR) is proposing to increase Federal Excise Duty (FED) on the cement industry by PKR200/t (US$2.4). The plan has been submitted it to the Ministry of Finance for approval. This will act as a backup if the Reformed General Sales Tax (RGST) bill does not receive parliamentary approval in the coming months. This proposes an increase of FED on certain items, including cement, which is currently being ... |
Indian SC questions govt stand on Lafarge mining project21 February 2011, Published under Cement NewsThe Indian Supreme Court Saturday questioned the government why it had given environmental clearance to Lafarge’s mining site in the forests of Khasi hill in Meghalaya. A special forest bench, headed by Chief Justice S H Kapdia, asked Attorney General Goolam E Vahanvati as to why the Ministry of Environment and Forest (MoEF) relied on the wrong report of the local authority and did not send its own team to verify the facts. The bench said: "When you have doubts regarding the project, you... |
Saudi Cement Company net rises 13%21 February 2011, Published under Cement NewsSaudi Cement Company, one of the Kingdom’s biggest manufacturers, said net profits last year rose 13% to SAR659.5m (US$ 205m) as enhanced production lines translated into higher takings against 2009. The Dammam-based maker of standard Portland salt-resistant and oil-field cements said this after-tax gain compared to SAR582.4m the previous year. Gross profits increased by the same percentage – up to SAR768.9m from SAR679.5m - with earnings per share rising to SAR 4.31 from SAR 3.81. “The ma... |
Holcim joins suit against EU regulator21 February 2011, Published under Cement NewsThe Romanian unit of Holcim Ltd plans to start legal action against the European Commission to help find 1 million stolen carbon permits, according to the attorney handling the case. The company will join a suit started last month by Italian energy trader TCIE Srl, which is seeking as much as 100,000 euros ($136,000) a day in penalty payments from the commission after about 268,000 carbon allowances disappeared from its account in November, said Laurent Arnauts, head of the law firm repres... |