Cement News tagged under: international
Truckers strike to impact Ambuja margins, India19 November 2010, Published under Cement NewsAmbuja Cements Ltd is facing adverse impact on its profit margins due to the strike by transporters in Himachal Pradesh. Transporters associated with Suli and Rauri plants are demanding higher rates. The plants have a capacity to produce 3Mt of cement. Ambuja Cements has increased the despatches by 20 per cent in October 2010 despite the strike. |
Siam Cement chief expects economy to grow 4-5% next year19 November 2010, Published under Cement NewsSiam Cement president Kan Trakulhoon on Thursday projected that the Thai economy will expand 4-5 per cent next year, which could contribute to the higher growth of both the agricultural and cement business sectors. Given the continued economic expansion, he said the demand for cement for construction would increase. In the past few years, he revealed, the local demand for cement in provincial areas had surged to 60 per cent while that in Bangkok metropolitan dropped to 40 per cent due pa... |
Portland plans Uganda factory19 November 2010, Published under Cement NewsKenya’s East African Portland Cement (EAPCC) will set up a factory in Uganda next year. The plans follow shareholders’ approval to transform what has been a distribution centre into a fully-fledged operation. Mark Karbolo, EAPCC chairman, said the operation would be a subsidiary of EAPCC Kenya, and operate as EAPCC Uganda. He added that the plant would help increase distribution of its products in the region. "Other than increase our market share in Uganda, it will enable us attack the mar... |
Brazil sees 13.5% domestic sales rise19 November 2010, Published under Cement NewsPreliminary data industry data and market estimates indicate that accumulated domestic cement sales over the 12 months from November 2009-October 2010 reached 57.9Mt, up 13.5 per cent YoY (November 2008-October 2009). In October 2010 alone, domestic cement sales were 5.4Mt. Between January 2010-October 2010, sales amounted to 49.1Mt. Source: Sindicato Nacional da Industria do Cimento |
Spanish demand down 14.8% Jan-Oct 201019 November 2010, Published under Cement NewsCement consumption continues to decline and for January to October 2010 has amounted to 21Mt down 14.8% YoY, according to recent industry statistics. Spanish cement plants have had to adjust their production and are trying to cushion the fall of domestic demand by increasing exports. Accumulated annual production for the period January to October 2010 reached 22.28Mt, a reduction of 11.4 per cent compared to the same period last year. In the first 10 months of this year Spanish factories so... |
Semen Gresik construction of cement mill reaching 50%18 November 2010, Published under Cement NewsUp to October, the construction of two cement mills owned by PT Semen Gresik Tbk (SMGR) in South Sulawesi and East Java with total investment of US$594 million is claimed to have reach more than 50 percent. The two new cement mills are constructed by the state cement mill producer have 2.5 million tons capacity which is targeted to finish by 2011-2012 since first construction kickoff in 2008. "So far it is on the right track. The average is above our projection," said Investor Relation Mana... |
Brazil: Lafarge firms position in the cement market18 November 2010, Published under Cement NewsLafarge has spotted the opportunities to expand its operations in Brazil that have become key for the expansion in Latin America, in the words of president Thierry Metro. Cement industry is in its peak days, with consumption growing 15% annually, and Lafarge is repositioning its operations after divesting 17,2% on Cimpor, sold to Votorantim. Thierry said Lafarge was the largest cement investor in Brazil during 2010, with Euro$750mil, and further investments are to follow. As part of the di... |
India: revival of cement unit in sight18 November 2010, Published under Cement NewsA proposal for the revival of the Adilabad unit of Cement Corporation of India (CCI) under public private partnership will be placed before the Union Cabinet for its approval in the ongoing winter sessions of parliament. Union minister for industries Vilasrao Deshmukh agreed for reopening of the unit under 50:50 public private partnership but the leaders of the recognised trade union, Aituc, opposed the proposal. There are chances for reopening the unit in the first quarter of next year if... |
Cimpor to place US$150m bonds on North-American market18 November 2010, Published under Cement NewsPortuguese cement producer Cimpor will issue bonds worth US$150m in the North-American market. The private placement will be carried out by the wholly-owned subsidiary Cimpor Financial Operations BV, the company said in a filing with Portugal’s bourse regulator CMVM yesterday. Cimpor will pay a coupon of 6.7% on the ten-year bonds, which compares favourably with the sovereign cost of risk. The placement is part of a set of Cimpor’s liquidity enhancement and maturity extension transactions... |
Saudi Arabian Cement Co profit18 November 2010, Published under Cement NewsArabian Cement Company (ACC) registered a 5.6% year-on-year decline in its net profit for the nine months through September 2010 to SAR 244.6m (US$65.2m), compared to SAR 259.2m a year ago. The decrease was chiefly due to a decline in average sales prices and despite the higher sales during the nine-month period, ACC said without giving exact figures. The earnings per share (EPS) stood at SAR 3.06, down from SAR3.24. The operating profit also decreased in the first nine months of 2010 --... |