Cement News tagged under: international
Binani Cement posts 3Q loss on higher costs31 January 2011, Published under Cement NewsIndia’s Binani Cement Ltd Friday swung to a net loss for its fiscal third quarter, hurt by higher raw-material and energy costs. For the quarter ended Dec. 31, the cement company posted a net loss of INR115.2m, compared with a net profit of INR571.7m in the year-earlier period. Sales dropped marginally to INR3.98 billion from INR4.02bn. Binani Cement’s power and fuel costs rose more than 15% to INR1.27bn, while its outward freight costs increased over 25% to INR1.04bn. |
Loma Negra appoints Argentinean executive31 January 2011, Published under Cement NewsLoma Negra, the cement company from Camargo Correa, has appointed as CEO the Argentinean executive Oswaldo Schutz, that prior performance as commercial manager of the company, responding to Brazilian executives heading it since the 2005 purchase from Amalia Lacroze Fortabat. Schutz, 59, graduated in the UBA university and has post graduation studies in Penn State and Harvard Business School and IAE. |
Tororo Cement expands, Uganda31 January 2011, Published under Cement NewsTororo Cement Industry, a local manufacturer of cement will complete the expansion of its production facility worth Ushs100b ($50m) by June 2011. According to the Chief Marketing Manager, Mr. Alok Kala, this may bring down the price of cement and other building materials hence boosting the construction industry as a result of increased production. Cement, a major construction material witnessed volatile price trends forcing a retail price of 26,500 ($12) a bag towards the end of 2010. U... |
Steppe revenue up 23%, Kazakhstan31 January 2011, Published under Cement NewsSteppe Cement Ltd said it recorded revenue for the year ended 31 December 2010 of KZT10,740m (US$73m) up 23% higher than KZT8,737m last year. Cement sales volumes for the year were 1.16Mt, representing an improvement of 24% over sales of 930,297t in 2009. The company stated that in 2010, cement demand in Kazakhstan reached 5.7Mt, up 14% over 2009. Imports into Kazakhstan remained stable at 21%. In addition, Steppe Cement also stated that its market share grew to 20.3% in 2010 from 18.4% ... |
Lucky Cement posts 9% fall in second-quarter profit31 January 2011, Published under Cement NewsLucky Cement Ltd, Pakistan’s biggest producer of the building material, said second-quarter profit fell nine per cent after transport costs rose and exports to Gulf nations declined. Net income fell to PKR733.9m (US$8.58m), or 2.27 rupees a share, in the three months ended Dec. 31 from PKR805.2m, or 2.49 rupees, a year earlier, the cement maker said today in a statement to the Karachi Stock Exchange. Sales fell to 7.77 per cent to PKR7.09bn. Pakistan increased domestic gasoline prices in... |
Turmoil in Egypt impacts cement industry??31 January 2011, Published under Cement NewsThe Egyptian cement industry is likely to be affected by the ongoing political turmoil which has seen government protesters taking to the streets across the country calling for President Hosni Mubarak to step down. Lafarge has organised the return of approximately 30 of its Cairo-based expatriates and their families, involving around 100 people in all. The decision was taken “as a measure of prudence and in the interest of the families”, the company stated in a press release. Lafarge doe... |
PPC quarterly sales down five per cent31 January 2011, Published under Cement NewsPretoria Portland Cement Co, South Africa’s largest cement producer, slumped to a four-month low after the company said its cement sales in the country in the quarter through December declined by five per cent. PPC’s cement sales followed this trend in most provinces with sales to the construction sector experiencing the greatest decline. On a provincial level, demand in the Western and Eastern Cape continued to be the most disappointing. Cement demand in Botswana remained resilient and sa... |
Vietnam exports forecast to rise by 500,00t28 January 2011, Published under Cement NewsVietnam will export 1.5Mt of cement this year, an increase of 500,000t over last year, according to the Vietnam Cement Association. Twelve new cement plants would become operational this year, with a capacity to supply 10.18Mta, said the head of the association’s secretariat, Nguyen Van Diep. This would increase the total capacity of the domestic industry to 60Mt, Diep said. Since domestic demand has been forecast to rise 10 per cent over last year to about 55-56Mt, most of the additional ... |
Nigeria targets 17Mt output28 January 2011, Published under Cement NewsThe Cement Manufacturers Association of Nigeria (CMAN) says estimated supply of 17Mt of local production of cement is achievable in 2011. The executive secretary of CMAN, James Salako, said in Lagos that this was part of the manufacturers’ efforts to guarantee self sufficiency in the local demand of cement. He said that new cement plants with combined capacity of 14Mt were currently under construction, adding that they were expected to come on the stream at different periods of the year. ... |
CR Cement buys Fujian cement plant28 January 2011, Published under Cement NewsChina Resources Cement said its wholly-owned subsidiary China Resources Cement (Longyan Yanshi) Limited has entered into a property transfer agreement with Fujian Zijin Hengfa Construction Materials Limited for acquiring a cement production plant under construction in Longyan Municipality of Fujian Province. The consideration will be satisfied in cash using CR Cement’s internal resources. CRC Yanshi will incur further capital expenditure of about CNY520m to complete the construction of a 4... |