Cement News tagged under: international
Czech cement output down 10% at 2.5Mt18 November 2010, Published under Cement NewsCzech cement output fell by 10 per cent on the year to 2.5Mt 1Q-3Q this year, according to the latest results made public by the Association of Cement Producers. Sales decreased by around 13 per cent to 2.2Mt on the Czech market, the association said. "The decrease in cement production is mainly due to lower demand on the domestic market. Since this material cannot be produced for stocks, cement consumption necessarily affects its production," board chairman of the company Ceskomoravsky cem... |
Portland Valderrivas increases its share of exports18 November 2010, Published under Cement NewsSpanish market leader Cementos Portland Valderrivas saw its turnover decline by 14.9% to €681.5m in the first nine months of 2010, with the EBITDA being down by 30.9% to €159.4m and the trading profit (EBIT) falling by 47.7% to €59.1m. The net attributable profit dropped by 87.8% to €4.3m, which represents a net margin of 0.6%. The turnover contribution from Spain came down from 71.6% to 67.4% of the group total, while the USA improved from 13.3% to 14.4% and Tunisia from 8.2% to 9.8%, w... |
Holcim NZ plant decision soon?17 November 2010, Published under Cement NewsWhile Holcim is not commenting on the pending investment decision to reinvest and perhaps even expand production at its NZ manufacturing facility in Oamaru, rather than in Aust, there are high hopes in Govt circles a NZ investment will be preferred, perhaps because of certainty here about the ETS - a key consideration for a heavy-emitting industry such as cement. Other than to confirm it is likely in the first quarter of 2011, Holcim announced in July it was exploring export opportunities f... |
Gresik upgraded to buy from hold17 November 2010, Published under Cement NewsUOB-KayHian upgrades Semen Gresik to Buy from Hold, targets IDR11,100; says its likes Gresik’s efforts to ramp up cement production amid strong demand. "The company may benefit from higher cement volume and (selling prices) in the future, especially in 2012 when two cement plants are completed." |
Saudi Eastern Province Cement net profit drops17 November 2010, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPC) said it booked a net profit of SAR260m (USD 69.3m) for the nine months through September 2010, down 14% year-on-year from SAR301m a year ago. The earnings per share (EPS) stood at SAR3.02, versus SAR3.05. The decrease in the company’s bottom-line results was attributed to a rise in operating expenses, coupled with lower sales volumes and prices. The operating profit declined to SAR266m in the first nine months of 2010 from SAR308... |
Thailand’s TPI Polene (TPIPL): Good 3Q10 result17 November 2010, Published under Cement NewsTPI Polene (TPIPL) posted a better than expected 3Q10 result due mainly to higher margins for its cement business. Profit forecasts have been lifted to reflect this and the improved outlook for the industry. The company booked a normalised 3Q10 profit of Bt554m, up 77.9% YoY and 111.2% QoQ. The improvement was mostly attributable to an increase in its gross margin to 22.8% from 21.2% and 19.1% respectively in 3Q09 and 2Q10. This in turn mainly reflected a higher margin of 15.7% on cement co... |
Hungarian Court upholds ruling against Holcim17 November 2010, Published under Cement NewsHungary’s Supreme Court on Monday upheld a previous court ruling in favor of Magyar Cement Kft in its dispute with Holcim Hungaria Zrt., the Hungarian unit of Swiss cement company Holcim, over ownership rights to property at the Hejocsabai Cement and Meszmuvek in Miskolc (NE Hungary). Holcim Hungaria told MTI on Monday that it accepts the Supreme Court’s decision in the 15-year-old case and would attempt to purchase the property in question from Magyar Cement. |
Conch: gross margin to hit new record17 November 2010, Published under Cement NewsAnhui Conch Cement said its gross margin is expected to set a new record high in the fourth quarter this year, up from 29.19 per cent in the third quarter, reports caijing.com.cn, citing the firm’s securities representative Yang Kaifa. The fourth quarter is traditionally the high season for cement sales in eastern and southern China, Yang said. Conch Cement launched a nationwide price hike between September and October by between 10-CNY50/t. The company put into use five new cement product... |
Catskill plant announces more temporary layoffs, USA17 November 2010, Published under Cement NewsHolcim will temporarily cut 70 hourly positions at its Catskill plant effective until January, Plant Manager Deon van den Berg announced Tuesday. The layoffs will affect 65 workers — nearly two-thirds of its current workforce — and five others on short-term disability or workers compensation, van den Berg said in a statement. He did not elaborate on the types of workers who will be let go. Tony Madrazo, the plant’s human resources manager, could not be reached for comment. Tuesday’s lay... |
China group plans Mozambique plant17 November 2010, Published under Cement NewsA group of Chinese businesspeople, representing the Africa Great Wall company, plans to build a cement factory in the Cheringoma district of Mozambique’s Sofala province, according to state daily newspaper Notícias. The paper added that an analysis of the availability of limestone in the Mazamba region was underway and that checks had already been made for commercial exploration as well as the delivery of the environmental impact study to the Ministry of Mining Resources for analysis and ... |