Cement News tagged under: international
India: rural demand revives December sales12 January 2011, Published under Cement NewsCement sales seem to have revived across various Indian regions in December after a lull in the preceding two months, reports Business Line. The pick-up in cement demand was attributed to revival of infrastructure and real estate projects, especially in rural areas. The sales would have been much better if not for untoward developments in Rajasthan, one of the major cement manufacturing hubs. “Dispatches from our plant in Rajasthan were impacted by the rail roko and agitation on road by the... |
South Africa December sales fall12 January 2011, Published under Cement NewsCement sales in South Africa were down 5.2 per cent YoY in December 2010 to 746,514t from 787,719t in December 2009, data from the Cement and Concrete Institute showed on Wednesday. Domestic sales on a year-to-date basis were down 7.8% at 10.87Mt, from 11.78Mt for the same period in 2009. The moving annual total in SA was down 7.8% YoY in December 2010 to 10.87Mt from 11.78Mt in December 2009. Cement sales in SA had edged up 2% YoY in November to 1.045Mt from 1.024Mt at the same time a ... |
Gresik to raise output, proceed with Sumatra plant12 January 2011, Published under Cement NewsIndonesia’s PT Semen Gresik plans to build another plant next year which is expected to be located in Sumatra. CEO Dwi Sutjipto said his company had allocated IDR3.5-4trn for construction of the new plant. “Around 70 per cent of the fund comes from external parties, such as banks and bonds,” Dwi said yesterday, during the Development Program Implementation 2011 meeting at the Jakarta Convention Centre. Last year, Semen Gresik’s production stood at 18.5Mt and it is expected to increase ... |
Cimpor sees growth in India, emerging markets12 January 2011, Published under Cement NewsPortuguese cement major Cimpor says it is looking for more investment opportunities in India, where it already has a factory, and is optimistic for 2011 thanks to its diversification into emerging markets, said Antonio Varela, Chief Financial Officer (CFO), told Reuters. The company’s sales in Iberia have been negatively affected due to the global financial crisis, but Cimpor has experienced significant increases in turnover in emerging countries like Brazil and Turkey. Speaking on ... |
Hima Cement more than doubles output, Uganda12 January 2011, Published under Cement NewsLafarge Cement’s Ugandan unit has more than doubled its output after it completed expansion at its Hima cement plant in the country’s western region, general manager, David Njoroge, told Bloomberg in a recent interview. Production capacity increased to 850,000t from 350,000t after it built a second plant at Hima near the border with the Democratic Republic of Congo, Njoroge said. The company gained the new capacity six months ago after it completed a US$120m investment over a two-year pe... |
Saudi Arabia’s December Cement output rises 16%11 January 2011, Published under Cement NewsSaudi Arabia’s cement production rose an annual 16 per cent in December and exports increased from the Arab world’s biggest economy. December production was 3.83Mt compared with 3.31Mt a year earlier, according to industry data posted today on Yamamah Saudi Cement Co’s website. Exports rose eight percent to 139,000t from 129,000t a year earlier. Saudi Arabia has 13 cement companies with an estimated annual production capacity of 49Mt, according to a report from NCB Capital. |
Cemex: "constructive progress" in nationalisation talks11 January 2011, Published under Cement NewsCemex is hoping to reach an agreement with the Venezuelan government regarding the nationalisation of its local subsidiary Cemex Caracas in the near future. Negotiations to reach an amicable settlement have made "constructive progress," Cemex said in a release, without giving an estimated timeframe for when the talks will end. The agreement would make the arbitration process with the World Bank’s International Centre for the Settlement of Investment Disputes (ICSID) unnecessary. The court ... |
Vietnam CFC Pretax Profit Surges 50% in 201011 January 2011, Published under Cement NewsCement Finance Joint Stock Company (CFC), an affiliate of Vietnam Cement Corporation, said it made a pretax profit of VND108.5bn (US$5.56m) in 2010, surging 50% from a year earlier. At end-2010, it had total assets of VND3.476trn, up 3.65% from end-2009, CFC said on its website. The finance company will pay a dividend equal to VND1,500/share. In 2011, CFC targets a pretax profit of VND136bn and total assets of VND4trn. |
Jefferies Downgrades Texas Industries (TXI) to Hold11 January 2011, Published under Cement NewsJefferies downgraded shares of Texas Industries to a Hold rating as they closed inline with the firms US$43 price target on last Friday. The firm is raising their FY11 EPS estimate to (US$1.73) from (US$1.90) as 2Q11 posts stronger than expected earnings due to an increase in pricing and volumes. Jefferies is commenting that they see cement production costs increasing in the mid to near future and is lowering their FY12 EPS estimate to (US$0.72) from (US$0.62) as a result. |
Vietnam But Son Cement opens new line11 January 2011, Published under Cement NewsBut Son Cement Joint Stock Company (BTS) operated a new cement production line with a design capacity of 1.6Mta in Vietnam’s northern province of Ha Nam on Jan 9. The production line has a total investment of VND3trn (US$157.11m), the state-run Vietnam News Agency said Monday. The Japanese technology line was started construction in early 2007 under the government’s development planning till 2010 with a vision for future development through 2020. The Hanoi Stock Exchange-listed firm earli... |