Cement News tagged under: international
Holcim marks 10 years of operating in Mauritius07 February 2011, Published under Cement NewsAfter 10 years of operations in Mauritius, the Holcim Group brought its customers and partners together to celebrate the anniversary. To express the commitment of Holcim (Mauritius) to sustainable development, an Urban Village has been created at the Café du Vieux Council to allow guests to better familiarise themselves with long-term projects, supported by the Holcim Foundation for Sustainable Construction. Sir Anerood Jugnauth, President of Republic and members of government were prese... |
Ohorongo Cement plant inaugurated, Namibia04 February 2011, Published under Cement NewsGerman firm Schwenk Zement KG on Thursday opened its Ohorongo Cement factory in Namibia, officials said. "It is the most modern cement plant in Africa and shows our commitment to economic development in Namibia and Africa," chief executive Gerhard Hirth said. The factory, located some 400km northwest of capital Windhoek, is expected to produce 700,000tpa of cement. "The complete value chain will be done in Namibia from mining the limestone on site to the packaging of cement bags under t... |
Shree Cement: sluggish demand, rising input costs hurt margins04 February 2011, Published under Cement NewsShree Cement’s result for the December 2010 quarter again highlights the difficult conditions for the sector due to sluggish demand and rising costs of key inputs like power and freight on a per-tonne basis. Its operating profit margin declined by 1,850 basis points YoY to 20.3% in the third quarter. The net sales of the company, a leading player in the northern region, also fell 9.9% to INR780.4 crore. Its net profit also declined by almost four-fifth compared with a year earlier to INR27.... |
Egypt uprising disrupts cement industry04 February 2011, Published under Cement NewsMounting political turbulence in Egypt has resulted in a number of local cement producers temporarily closing production lines and evacuating expatriates as demand wanes and future prospects in the country remain uncertain. Over a week of protests have left Egypt in turmoil as anti-demonstrators across the country demand the immediate resignation of President Hosni Mubarak. The situation has further worsened since Wednesday following violent clashes in the capital Cairo between supporters... |
Ambuja Cements 2010 net profit rises03 February 2011, Published under Cement NewsAmbuja Cements Ltd, India’s third-largest cement maker by capacity, Thursday posted a 3.8% rise in its 2010 consolidated net profit, buoyed by higher sales. Ambuja Cements, a unit of Swiss cement giant Holcim Ltd., posted a net profit of INR12.63 billion, up from INR12.17 billion the previous year. Sales for the year rose 4.4% to INR73.90 billion from INR70.77 billion. The company said it expects its margin to remain under pressure from high raw material costs and price volatility, due to ... |
South Africa bank buys stake in Ohorongo, Namibia03 February 2011, Published under Cement NewsThe Development Bank of Southern Africa Ltd., a state-owned lender, will acquire a 7.3 per cent stake in Schwenk Zement KG’s Ohorongo Cement unit in Namibia, Ohorongo General Manager Hans-Willem Schuette said. “We expect to sign the agreement with the Southern African Development Bank this week,” Schuette told reporters yesterday at the plant’s site in Otavi, northern Namibia, declining to say how much the lender will pay for the stake. It will first be “warehoused” by the South African ba... |
Canadian cement industry applauds impact of economic plan03 February 2011, Published under Cement NewsThe Cement Association of Canada (CAC) today applauded the findings of the Seventh Report to Canadians on the Implementation of the Economic Action Plan. Released on January 31, 2011 by the Honourable Jim Flaherty, Minister of Finance, the report indicates that several billion dollars have successfully been invested in critical infrastructure projects across Canada. The CAC took the opportunity to highlight the critical importance of the planned corporate tax reductions in boosting the comp... |
Southern Pakistan prices increase03 February 2011, Published under Cement NewsCement companies in the Southern region have raised prices by PKR20 per bag. A senior executive of Lucky Cement said in answer to queries on Tuesday that the price was increased in late January to cover costs. The off-take was also said to have improved by 25 per cent. Lucky had unveiled the financial figures for first six months of FY11 on Monday, which could be a harbinger for the upcoming industry results. The company suffered 23 per cent drop in profit-after-tax to PKR1461m (EPS: PKR4... |
Jefferies cuts HeidelbergCement to Hold03 February 2011, Published under Cement NewsJefferies International downgrades HeidelbergCement to hold from buy, but raises the target price to EUR48 from EUR46. Jefferies notes HeidelbergCement is under-represented in emerging markets vs peers, but the company will benefit from recovery in the UK and US, which account for 40% of Jefferies’ EUR2.86 billion mid-cycle profitability estimate. It reduces Ebitda estimates by 1.2% to EUR2.2 billion for 2010 and by 4.4% to EUR2.4 billion for 2011. |
India’s UltraTech Cement Jan shipments at 3.3Mt03 February 2011, Published under Cement NewsIndia’s largest cement producer UltraTech Cement said on Wednesday cement shipments in January were at 3.34Mt. Production was 3.39Mt, the company said in a statement. It did not disclose year-ago numbers. UltraTech Cement, part of the Aditya Birla group, has an installed capacity of about 49Mt. |