Cement News tagged under: international
Egypt’s Alexandria Cement nine-month net gains 10%?15 November 2010, Published under Cement NewsEgypt’s Alexandria Cement posted a 10 per cent gain in net profit for the first nine months of 2010, the stock exchange said on Sunday, defying a slowdown in its Greek parent company’s main markets. The Egyptian firm, a subsidiary of Titan Cement, posted net profit of E£404.5m (US$70m), up from E£366.4m in the same period last year. Titan, Greece ’s biggest cement producer, says its sales have been hit by the collapse of the U.S. housing market and the recession in Greece, but the com... |
Union Cement Company third quarter net falls 51%15 November 2010, Published under Cement NewsUnion Cement Company has seen net profits more than half for the third quarter against the same period last year, with nine-month figures reversing an AED97.3m profit into the red. The Abu Dhabi-listed Portland cement supplier saw after-tax gains for the third quarter fall more than 52% to AED5.2m against AED10.8m last year. Sales revenues fell 24% to AED114m against AED152.2m as the cost of sales also fell. The company is domiciled in Ras Al Khaimah with its main production plant in the K... |
Iran increases cement production15 November 2010, Published under Cement NewsDuring the seven months of this year (year begins on March 21 in Iran) cement production in Iran increased by 1.18 per cent to 36.526Mt, sale of cement amounted to 4.164Mt, the Iranian Ministry of Industry and Mines said on Saturday. In October 2010 cement production increased by 20 per cent and amounted to over 5.66Mt compared to the same period last year. Sale of cement amounted to 615,000t. During seven months, clinker production increased by 21 per cent and amounted to 34.73Mt in Iran.... |
Siam City poor 3Q10 earnings, eyes Burma project15 November 2010, Published under Cement NewsThailand producer Siam City Cement’s disappointing 3Q10 earnings were down 20%-21% QoQ and YoY to THB582m. However, earnings next year will be strongly driven by better efficiency and full utilisation of a new kiln leading to energy savings of THB540-640m. The 2011 earnings will also be driven by volume and better prices. SCCC is a dividend play with an expected 2011 yield of 6.4%. Siam City Cement (SCCC) announced rather disappointing 3Q10 earnings of Bt582mn (EPS Bt2.53), down 20%-21% Qo... |
Afghanistan invites Indian companies to invest in cement production15 November 2010, Published under Cement NewsThe Minister of Mines of Afghanistan, Mr. Waheedullah Shahrani called on the Union Minister of Mines & Development of North Eastern Region (DoNER), Shri B.K. Handique to invite Indian companies to the global tender floated by Afghanistan Government for allotment of mineral concessions. The tender is open until the second week of January, 2011. Shri BK Handique expressed his pleasure on the progress made in the field of mining between the two countries since the two leaders met in June thi... |
India Cements to up IndoZinc stake15 November 2010, Published under Cement NewsSouth-based India Cements is going to increase its stake in IndoZinc, the company where it has 69% stake. But the total stake will not exceed 90%, the company management said. IndoZinc has notified the exchanges that it will issue further equity or preference shares or other equity related securities for a sum not exceeding Rs300 crore. Indo Zinc also said it’s changing its name to Trinetra Cement. At an analyst call last week, the India Cements management said discussions are on with mer... |
Lafarge Cement Zimbabwe re-brands15 November 2010, Published under Cement NewsLafarge Cement Zimbabwe has unveiled its new brand and has pledged to spend a substantial amount of money on a three-month marketing and advertising campaign that kicks off this month. Communications manager, Nyaradzo Makombe-Hazangwi, said the cement manufacturer had already "spent a lot" as it seeks to secure the Lafarge brand, which officially took over from the Circle Cement brand on Tuesday, 9 November 2010 on the Zimbabwean market. "We are indeed on a campaign [involving] press adver... |
HeidelbergCement India seeks coal supply partnerships15 November 2010, Published under Cement NewsHeidelbergCement India Ltd is seeking to form joint ventures to secure coal supplies for a planned INR12bn (US$265m) expansion. The local unit of Germany’s Heidelberg AG plans to double capacity to 6Mt by 2012 to tap demand that is expected to grow as much as 10 per cent annually over the next five years, Managing Director Ashish Guha said. The company used coal worth INR740m (US$16m) in 2009, according to its annual report. “We will have to link our coal supply to someone for long- term s... |
Shree Cement 2Q net profit declines, India12 November 2010, Published under Cement NewsShree Cement Ltd Thursday reported a 96% plunge in second-quarter net profit, due to lower cement prices and higher input costs. For the July-September quarter, net profit fell to INR105.4m from INR2.89bn. Sales fell 20% to INR7.18bn from INR9.00bn. Total costs rose to INR7.03bn from INR5.85bn. |
Siam Cement to invest in expanding business12 November 2010, Published under Cement NewsSiam Cement Group (SCG) has decided to invest about THB100bn (US$3.35bn) by 2015 to expand its businesses across Asean, which includes its planned acquisition of two cement plants, and paper and building-material units. About 50% of the planned investment budget from 2011-2015 would be earmarked for mergers and acquisitions and the remaining funds will be utilised for upgrading existing plants in Thailand to produce value-added products. In 2011, SCG plans to set up a green-field cement plan... |