Cement News tagged under: international
Buzzi reduces cost base in Russian and Ukrainian ops12 November 2010, Published under Cement NewsBuzzi Unicem’s turnover for the first nine months came down by 3.7% to EUR1999.5m and the EBITDA fell by 23.4% to EUR 326.4m. The trading profit declined by 40.6% to EUR 154.8m and net financial charges were 7.2% lower at EUR 72.1m, giving a pre-tax profit 54.7% lower at EUR 87.7m and a net attributable profit decline of 49.2% to EUR 59.6m. Cement shipments were 1.3% higher overall at 20.0m tonnes, but volumes declined in the Czech Republic, the USA and in Mexico. Italian turnover decline... |
Cementos Portland Jan-Sep 2010 profit down 87.8% YoY12 November 2010, Published under Cement NewsThe attributable net profit of Spanish cement producer Cementos Portland Valderrivas for the nine months through September 2010 crashed by 87.8% on the year to EUR 4.3m (US$5.9m), the company told the national stock market regulator CNMV today. Revenue came in at EUR681.5m, losing 14.9% on the year. The worsened performance was chiefly due to the weak cement consumption, slow recovery of the sector and reduced public work orders in Spain. EBITDA came in at EUR159.4m, an annual plunge of 30... |
Egypt’s Torah Cement 9-month net profit up 1%12 November 2010, Published under Cement NewsEgypt’s Torah Cement posted a one per cent rise in nine-month net profit to E£270m (US$46.9m), the stock exchange said on Thursday. Torah is a subsidiary of Egypt’s largest listed cement maker, Suez Cement which reported an 8.5 percent dip in its nine-month profit on October 28. |
Ghacem reiterates commitment to sustainable construction11 November 2010, Published under Cement NewsGhana’s largest cement producer, Ghana Cement Limited (Ghacem), has reiterated its commitment to help build a formidable infrastructure in communities, through its free cement application criteria throughout the country. Since its establishment eight years ago, the Ghana Cement Foundation has donated about 270,000 bags of cement, at an equivalent market value of more than GHA2,700,000, to beneficiaries in more than 1,600 communities across the country. According to Nana Prah AgyenisamVI... |
Slovenia PM orders new environmental report on Lafarge11 November 2010, Published under Cement NewsSlovenian Prime Minister Borut Pahor ordered Environment Minister Roko Zarnic to prepare a new environmental report for Lafarge Cement plant in Trbovlje and its waste incineration facility as he met local representatives prior to a protest rally in Ljubljana on Wednesday. Despite the promise given to representatives of the Zagorje municipality, the Eko krog environmental group and a Trbovlje-based civil initiative, some 2,000 protesters gathered in front of the government building. They al... |
Argos to begin Panama Canal exports in December11 November 2010, Published under Cement NewsArgos has posted concrete sales of 1.4Mm3 in Colombia (a nine-month record) and 2.8Mm3 in the US. Its national sales of cement came to 3.1Mt and exports to the US and the Caribbean totalled a further 1.9Mt. In consolidated terms, to the end of September 2010, assets at Cementos Argos totalled Peso$15,600bil, up 6%. The firm’s net worth grew 18% to reach Peso$11,500bil. The cement group has added that its production line in Cartagena is currently working at 60% of its nominal capacity. Cement... |
Sinoma starts cement project in Gansu, China11 November 2010, Published under Cement NewsChina National Materials Group Corp or Sinoma on November 9 put a cement plant into operation in Gansu Province with an output capacity of 4500tpd, sources reported. The plant, which cost CNY600m, is operated and managed by one of Sinoma’s subsidiaries Ningxia Saima Industry Co Ltd, whose annual output capacity of cement exceeding 7Mt. On October 25, a 200Mt cement production line also owned by Sinoma also started operation in Yongdeng County, Gansu Province. The two cement projects will str... |
Egypt’s Misr Cement Qena 9-month net up 19%11 November 2010, Published under Cement NewsEgypt’s Misr Cement Qena’s net profit rose 18.8 per cent in the first nine months of 2010, the stock exchange said on Wednesday. Net profit rose to E£313.9m (US$54.6m) from E£264.2m in the first nine months of 2009. Misr Cement Qena is 27.6 per cent owned by ASEC, which is the cement division of private equity firm Citadel Capital . Misr Cement Qena formed a E£43m joint venture last May to make ready-mix concrete in southern Egypt. |
Adelaide Brighton shares down after stocks downgraded11 November 2010, Published under Cement NewsAdelaide Brighton Cement are down nearly 16 per cent this week in response to analysts downgrading the stock after managing director Mark Chellew’s earnings warning. “A competitive landscape remains,’’ Mr Chellew said of its profit outlook, released to the ASX after the market closed on Monday. High energy prices might cut $10 million from earnings while reduced volumes on a key West Australian contract might take a $10 million bite from this year’s pre-tax earnings, he said. “On current ... |
PCA elects new chairman, vice chairman, USA10 November 2010, Published under Cement NewsThe Portland Cement Association (PCA) Board of Directors elected Aris Papadopoulos as chairman during the association’s fall board meeting in Florida, USA. Papadopoulos succeeds Enrique Escalante of GCC of America. Papadopoulos is the current CEO of Titan America. Meanwhile, Gilberto Perez has been elected as vice chairman. Perez is the current president of Cemex USA. |