Cement News tagged under: international
Saudi Arabia may scrap export ban mid-year21 February 2011, Published under Cement NewsSaudi Arabia may lift a 2008 ban on cement exports in the middle of this year, Al Yaum reported, citing people familiar with the Supreme Economic Council. Saudi Arabia awarded new export licenses for cement production companies in October 2009 to reduce cement prices in domestic markets, the newspaper said. The Supreme Economic Council was set up in 1999 to promote the sale of state assets and boost investment by industry. |
Holcim defers decision on NZ plant21 February 2011, Published under Cement NewsA decision on building a cement plant at Weston near Oamaru, New Zealand has been further delayed. Holcim New Zealand’s Swiss parent company is considering plans for the plant after it was given the go-ahead by the Environment Court in August 2009. It was thought a decision would be made early this year. However, Holcim New Zealand capital projects manager Ken Cowie said yesterday it was more likely to be known later in the year. Holcim New Zealand team members working on the proposal we... |
Saudi Cement Co full year net profit up 13 per cent21 February 2011, Published under Cement NewsSaudi Cement Co, the country’s second-largest producer, said on Saturday its net profit rose by 13 per cent in 2010 as it boosted capacity to meet higher local demand. Saudi Cement made a net profit of SAR660m (US$176m) in 2010 compared with SAR582m in the previous year, the firm said in a statement. "The reason for the rise in net profit for the year compared to the previous year is the increased production capacity as new production lines were used... as well as increased local demand," ... |
Anglo American & Lafarge UK cement tie-up21 February 2011, Published under Cement NewsAnglo American plc and Lafarge announced their agreement to combine their cement, aggregates, ready-mixed concrete, asphalt and contracting businesses in the United Kingdom, comprising Tarmac Limited and Lafarge Cement UK, Lafarge Aggregates and Concrete UK (Lafarge UK). The transaction will form a 50:50 joint venture and will create a leading UK construction materials company. The combined sales of these two businesses in 2010 amounted to UK£1.8bn (US$2.8bn), with combined EBITDA of UK£21... |
Kunda Nordic to build new terminals, Estonia20 February 2011, Published under Cement NewsKunda Nordic Tsement intends to build two-four new terminals in the Kunda port it owns for round timber and other materials. Engineering company Sweco Projekt announced that it would compile a development plan of the Southern part of the port. AS Kunda Nordic Tsement board chairman Meelis Einstein said that the plan is to complete the development plans during 2011 and start construction work in 2012. Since it is a big area, the complex would be built in three stages. “Thanks to the port, ... |
Sri Lanka cement company reveals losses19 February 2011, Published under Cement News@font-face { font-family: "Arial"; }@font-face { font-family: "Times"; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0cm 0cm 0.0001pt; font-size: 10pt; font-family: "Times New Roman"; }div.Section1 { page: Section1; } Lanka Cement, a state-owned firm with a defunct factory in northern Sri Lanka, has revealed heavy losses. Auditors have refused to give an opinion on plans to revive production in its latest accounts. According to ... |
Lafarge posts stronger fourth quarter results18 February 2011, Published under Cement NewsLafarge SA on Friday swung to a fourth-quarter net profit of EUR62m and looked ahead to a 2011 in which it said it expects cement demand to grow and to be able to raise its prices and cut its debt by at least EUR2bn. Sales in the three months to December 31 rose 9% to EUR3.96bn, from EUR3.64bn a year earlier, the company said. The company said it swung to a fourth quarter net profit of EUR62m, from a net loss of EUR38m a year earlier. "While 2010 was a tough year for the cement sector as ... |
Spanish consumption continues at minimum levels18 February 2011, Published under Cement NewsSpanish cement consumption in January 2011 was 1.5Mt, a figure which goes back to 1988 consumption levels. Cement production, however, reached 1.6Mt, representing an increase of 7.1% compared to January 2010. Despite this data, the figures for the cement sector remain negative. In the last 12 months production has declined just over 10% to 26Mt compared to 29Mt YoY. |
China cement consumption to top 2bnt18 February 2011, Published under Cement NewsCement consumption in China is expected to reach a record 2bnt in 2011, up 7% YoY, Xiangzhong Kong, Secretary General of the China Cement Association, told International Cement Review in a recent interview. In spite of fears that China’s economy is growing at an unsustainable rate, Mr Kong insisted that 2011 would be a year of “stable development” as the country continues its drive to develop from an agricultural to an industrial nation. “China can still maintain the current pace of devel... |
Nigeria: cement scarcity to end in 201117 February 2011, Published under Cement NewsJoseph Makoju, chairman of the Cement Manufacturers Association of Nigeria (CMAN), has predicted an end to the perennial scarcity of cement in Nigeria by the end of the year. In an interview with the Daily Independent, Makoju said: "by the end of 2011 the importation of cement would be a thing of the past going by the quantity of cement being churned out by the producers in the country… The total demand for the product in the country last year, was 7Mt but as of now, the demand had fallen ... |