Cement News tagged under: international
Cimpor to integrate operations in Portugal, Spain29 November 2010, Published under Cement NewsPortuguese cement producer Cimpor intends to integrate its activities on the markets in Portugal and Spain. The integration will be carried out in the short term resulting in a new business area, named Iberia, the company said in a filing with Portugal’s bourse regulator CMVM. This internal reorganisation will allow the firm to cancel part of its costs in the region which are now double. Cimpor expects to narrow costs by EUR60m (US$79.8m) with the new structure within three years. The int... |
Saudi Cement Co nine-month net profit rises29 November 2010, Published under Cement NewsSaudi Cement Company (SCC) said its net profit for the nine months through September 2010 rose 14.6% YoY, to SAR507.5m (US$135.3m) from SAR 442.8m a year earlier. The earnings per share (EPS) stood at SAR 3.32, up from SAR 2.89. The operating profit increased to SAR523.7m for the first nine months of 2010, from SAR450.8m a year ago. For the third quarter, the company reported a net profit of SAR140.3m, an increase of 14% year-on-year. In mid-May, SCC approved a 50% capital hike to SAR1.5... |
Big players looking for place in Peru market29 November 2010, Published under Cement NewsPablo Nano, an analyst at the Departamento de Estudios Economicos at Scotiabank, says that foreign firms are being attracted to Peru’s cement sector because of the buoyancy of the construction sector, responsible for 93.48% of Peruvian cement consumption, and because of the infrastructure and housing shortfalls (put at over US$37.7bn in the case of infrastructure) nationally. Other analysts refer to global consolidation of the sector, reaching Peru a little late. Whatever the true reasons,... |
Stabilising German market outlook29 November 2010, Published under Cement NewsIn the wake of a sharp rise in GDP of nearly four per cent in 2010, cement consumption in Germany is expected to stabilise in the current year at around 25Mt. Because of this positive trend and particularly hopeful signs in the housing and commercial buildings sectors, the industry expects a growth of 2.2 per cent in 2011. In the first nine months of 2010, cement industry turnover decreased slightly by about 3.4 per cent. However, local producers have kept employment of largely stable. ... |
Ohorongo considers next move as merger prohibited29 November 2010, Published under Cement NewsOhorongo Cement was surprised by the decision of the Competition Commission last week to prohibit the merger of Ohorongo with AfriSam Namibia Cement. In a press release, Ohorongo Cement, Ms Kirsten Günzel, public relations officer of Ohorongo, said: “We were always under the impression that it was the wish of Namibians to have control over their own supply, distribution and selling of cement as described in our application. “The intended agreement between the parties is precedent in th... |
Vietnam to face surplus at end-201028 November 2010, Published under Cement NewsVietnam is projected to face a cement glut of 3.5Mt of cement this year, the Ministry of Construction said. The country’s cement and clinker exports will be modest at 700,000t in 2010, the Tuoi tre online newspaper cited the MoC as saying Tuesday. Vietnam Cement Industry Corporation (Vicem), which now holds nearly 40% of the domestic market share, is estimated to export 500,000t of cement and clinker this year, failing to realise its target of 1Mt. The country’s cement consumption is esti... |
Demand for Finland cement increasing27 November 2010, Published under Cement NewsAccording to Finnish cement manufacturer Finnsementti, sales of cement will increase by about 17% in 2010 from 2009. According to estimates, the volume of Finland’s cement market will be about 1.7Mt in 2010, compared to about 1.4Mt in 2009. According to Customs, the value of cement imports totalled about EUR21.6m in January-August 2010, representing about one third of Finland’s cement market. |
Ambuja Cements resumes Himachal operations, India27 November 2010, Published under Cement NewsAmbuja Cements has resumed operations at its Suli and Rauri plants in Himachal Pradesh, as transporters have resumed supply and despatches of materials. The operations at the plants were affected for over a month due to transporters strike. |
India: prolonged monsoon to dampen cement consumption growth26 November 2010, Published under Cement NewsA prolonged monsoon has hit cement consumption growth in India hard. The sector, which had recorded 10.5 per cent growth last fiscal year over the previous one, is expected to manage only around 6.5-7.5 per cent growth this fiscal. "Cement consumption is not going to match the last year’s growth rate. During the first half, growth was only 5-6 per cent over the corresponding period last year. We are expecting 8-9 per cent growth in the second half," J K Laxmi Cement Whole-Time Director Shai... |
Belarus’ cement output up four per cent to 3.832Mt in Jan-Oct26 November 2010, Published under Cement NewsBelarus’ cement output increased four per cent on the year in January-October 2010 to 3.832Mt, a representative in the National Statistics Committee told Prime-Tass. In value terms, cement output rose four per cent on the year to BR1.157trn. Cement inventories fell 2.2 per cent in January-October to 29,200t, 7.6 per cent of the average monthly output. Asbestos wallboard output went down 3 per cent to 159.5m equivalent tiles. End (BR3031 - US$1). |