Cement News tagged under: international
HeidelbergCement optimistic for 201111 February 2011, Published under Cement NewsPreliminary figures from HeidelbergCement show 4Q volumes continued on a positive path and indicate full-year rises in EBITDA and operating income. The group says its performance reflects further growth in emerging markets and the start of recovery of mature markets in North America and Europe after having reached the bottom of the crisis in 2010. For its 2011 outlook, the company paints an optimistic picture with demand expected to increase in all regions. Fourth-quarter 2010 figures sho... |
Lafarge progressively resuming Egyptian output11 February 2011, Published under Cement NewsLafarge has been resuming cement production in Egypt since February 6, after a halt caused by the uprising against President Hosni Mubarak’s rule intensified. “Production is progressively resuming since Sunday,” Christel des Royeries, a spokeswoman for Paris-based Lafarge, Bloomberg reported. |
Zambezi Portland Cement to build plant in Lusaka, Zambia10 February 2011, Published under Cement NewsZambezi Portland Cement (ZPC) Limited says it will this year construct a cement plant in Lusaka’s Chilanga area, Zambia, according to local press reports. ZPC managing director Antonio Ventriglia said the plant is expected to have a capacity of 2000tpd. “We have reached the final stages of feasibility studies to set up a brand new cement plant in Lusaka to be located in Chilanga area,” Mr Ventriglia said. Construction is slated to begin by the end of this year. Mr Ventriglia said the pla... |
Semapa reports decline in Angola sales10 February 2011, Published under Cement NewsSales of cement in Angola by Portuguese group Semapa fell 42.8 per cent in value in 2009 to EUR27.8m. The company has attributed the decline to: “a fall in consumption of cement of around 20 per cent and strong competition from cement imported from China at low cost". Semapa reported turnover of EUR535.8m in 2010, which is a drop of 6.4 per cent compared to 2009, mainly due to a reduced performance of its Portuguese and Angolan operations where EBITDA was down 19.8 per cent and 90 per cent ... |
Yamama 4Q net profit rises 17%, Saudi Arabia10 February 2011, Published under Cement NewsDespite the fact that the bulk of the demand growth is being absorbed by the new players, Yamama cement net profit increased by 10.2%YoY in 4Q10 to SAR159.4m. Though cement dispatches declined by 4.5%YoY to 1.35Mt in 4Q10, increase in realisation prices by 5.5%YoY to SAR233.5/t supported profitability growth. On an annual basis, sales increased by 9.4%YoY to SAR1.27bn driven by increase in volume sold by 5.4% and increase in realization price by 3.8%. Yamama cement has been able to charge ... |
Orient Paper to set up Karnataka plant, India10 February 2011, Published under Cement NewsThe board of Orient Paper & Industries cleared the company’s proposal to set up a 3Mta greenfield plant at Gulburga, Karnataka. The board also approved plans to set up a 50MW power plant. OPIL is understood to have already obtained the Karnataka government’s approval for the proposed project as well as its go ahead to buy some 1500 acres. The cement plant is likely to be financed by a mix of internal accruals, debt and equity. |
Iran to build cement plant in Tajikistan10 February 2011, Published under Cement NewsIranian Ambassador to Dushanbe Ali Asghar Sherdoust says Iran plans to set up a cement plant in Tajikistan. The 1Mta factory will be constructed in Nosir Khusrav district in Tajikistan’s Khatlon province, the Iranian envoy told reporters on Tuesday. “The agreement on building this plant was signed in late January 2011” after two years of negotiations, he further explained. A seven-member Iranian delegation, comprising legal experts, investors and experts from the Lian Kavan Kaniha Co... |
Vicem increases cement prices, Vietnam10 February 2011, Published under Cement NewsVietnam Cement Industry Corporation (Vicem), which now holds 40% domestic market share, has raised prices of their cement by VND60,00/t (US$3.08). The rise is blamed for the recent devaluation of Vietnamese dong versus US dollar along with price hikes of input materials including coal and power, the Thanh nien newspaper reported Wednesday. |
Qatar National Cement rises nearly a quarter10 February 2011, Published under Cement NewsGross profit at Qatar National Cement Company rose by nearly a quarter last year against 2009 as a steep fall in sales cost compensated for a 28% fall in revenue. The country’s biggest manufacturer of the building product saw pre-tax gains leap from QR421.6m to QR509.5m between the two years, according to its latest financial statement. The cost of sales fell by almost half from QR1.09bn to QR580.5m to make up for the slide in revenue from QR1.5bn to QR1.09bn. A fall in finance charges an... |
HeidelbergCement reports strong increase in 4Q1010 February 2011, Published under Cement NewsHeidelbergCement AG Thursday reported a strong increase in fourth quarter operating income on the back of a positive contribution from carbon dioxide emission rights sales and positive currency exchange effects. Fourth quarter operating income was EUR383 million compared to EUR290 million in the same period of the previous year. Turnover rose to EUR2.89 billion versus EUR2.73bn YoY. For full year 2010, turnover reached EUR11.76bn, up 5.8% from 2009. The increase in 2010 earnings reflects ... |