Cement News tagged under: international
2011 a turning point for the industry?03 February 2011, Published under Cement NewsImproving prospects for the construction sectors in the core markets of the main global cement producers heralds a more positive outlook for corporates over 2010 and 2011, argues the latest Building Materials Sector Report from analysts at Jefferies. The main source of this optimism is a belief that that the US construction sector has troughed and is set to experience a ‘significant recovery’, with construction output forecast to increase by 2% in 2011 and 10% in 2012. Cement demand wi... |
Vicat turnover advances, brings two new lines on-stream03 February 2011, Published under Cement NewsVicat’s turnover advanced by 6.2% in 2010 to €2,014m, which represents a marginal underlying improvement of 0.3%. Turnover in cement improved by 8.8% to €1,034m, while aggregates and concrete showed a more limited 3.0% increase to €716m. Other activities improved by 5.5% to €264m. Cement accounted for 53.0% of turnover, slightly higher than the 52.1% seen in 2009, while the concrete and aggregates share eased further from 33.4% to 32.6%. Group cement deliveries rose by 11.5% to 16.18Mt, ... |
Cimpor cuts output in Egypt02 February 2011, Published under Cement NewsPortuguese cement maker Cimpor has reduced production at its factories near Alexandria, Egypt, and temporarily withdrawn most of its expatriate employees for security reasons. "We are monitoring the situation very closely with prudence to safeguard the security of people and goods," Bloomberg quoted Raul Caldeira, a Cimpor spokesman, as saying. |
Cement Companies raise prices by INR5/bag in West India02 February 2011, Published under Cement NewsIndia’s cement companies have raised prices by INR5 for each 50kg bag in the western part of the country, a dealer said Tuesday. "We see an upward trend in prices. More such increases are likely to happen over the next the next couple of months," the dealer, who didn’t want to be identified, told Dow Jones Newswires. Cement prices in Mumbai are around INR260 a bag after the price increase. |
ACC output rises 10%02 February 2011, Published under Cement NewsIndian cement major ACC has reported a modest rise in its cement production and dispatches in January. While cement production during the month rose to 2.06Mt from 1.88Mt in the same month last year, its cement shipments during the first month of the calendar year 2011 stood at 2.05Mt versus 1.91Mt last year. |
Eagle’s cement prices continue to drift02 February 2011, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months of the trading year to the 31st of December, edged up by 0.8% to US$422.7m. The trading profit before corporate overheads declined by 15.1% to US$56.8m, with cement being, by far, the biggest contributor, accounting for 72.3% of the total. The pre-tax profit fell by 15.9% to US$31.6m, but the net profit was just 5.1% lower at US$25.7m. Shareholders’ funds at the end of... |
UAE cement producers hike prices02 February 2011, Published under Cement NewsCement manufacturers in the UAE raised their rates as much as 15 per cent yesterday, drawing complaints from the struggling construction industry with contractors saying they cannot afford the increases. "Our margins are extremely thin," said Matti Mikkola, the chief executive of Dubai Precast. "Anyone in the construction industry is just trying to survive." Major cement manufacturers sent out notices last week advising clients of the increases. The new rates reflect a rise in electricity ... |
Romania probes carbon credits theft from Holcim01 February 2011, Published under Cement NewsRomanian prosecutors said Monday they had launched an investigation after the theft of 1.6 million carbon credits from the local branch of Holcim. "A total of 1.6 million carbon credits, worth 24 million euros, have been transferred illegally," the Department Investigating Organised Crime and Terrorism (DIICOT) said in a statement. About 600,000 credits have been recovered, a DIICOT spokeswoman told AFP. Late November, Holcim informed authorities about "10 unauthorised transfers of pollut... |
BBMG to Issue A-shares, Acquiring Taihang Cement01 February 2011, Published under Cement NewsBBMG Corporation on January 28, 2011 won the approval from the China Securities Regulatory Commission on an initial public offering (IPO) on the Chinese A-share market and the acquisition of Hebei Taihang Cement Co., Ltd via share swap. According to the prospectus, the Hong Kong-listed company intends to issue 410 million A-shares via the IPO. All the raised capital from the IPO will be used for the acquisition of the Shanghai-listed company via share swap. After the share swap, Taihang Cem... |
Italcementi Temporarily Halts Egypt Production01 February 2011, Published under Cement NewsItalcementi has decided to temporarily halt its production in Egypt for safety reasons following the civil unrest in the country, a source with knowledge of the situation said Monday. According to Italcementi’s website the company has five cement plants as well as 20 concrete plants in Egypt and in 2009 it employed over 4550 people. Its Egyptian unit, Suez Cement has a market share of around 30%, according to the website. |