Cement News tagged under: international
Saima Industry puts 2Mta into operation, China10 November 2010, Published under Cement NewsNingxia Saima Industry has put its 2Mt dry-process production line in Baiyin city, Gansu province, into operation on November 9, reports yicai.com, citing a company filing. The production line costs CNY600m, an amount invested by its parent company, China National Materials Group (Sinoma). Sinoma plans to invest over CNY5bn in Gansu province by 2013. Its revenue and pre-tax profits grew 46 per cent and 73 per cent YoY in the first three quarters, according to Sinoma’s filing on November 5... |
China: power rationing drives up cement prices10 November 2010, Published under Cement NewsCement prices in China have climbed steadily since August, as local governments resorted to power rationing in their final dash to meet the energy-intensity cut goals for the 2006-10 period. Local cement price data provider, Digital Cement Net, reports that cement prices in most Chinese regions increased 5.6% in October from a month earlier and 6.15% from the same month of 2009. Eastern China and central-southern China have led the cement price increase, recording over 10% MoM gain in prices... |
Malaysia: Cima on the expansion trail?10 November 2010, Published under Cement NewsAs demand for building materials trends up, it is no surprise that cement players are mulling capacity expansion to cater for future needs. According to sources, Cement Industries of Malaysia Bhd (Cima) is looking to possibly expand its facilities down south. It was reported last year that Cima was planning an additional line at its Bahau facility in Negeri Sembilan and had set aside RM800 million for the expansion. However, given that Cima was privatised by the UEM Group in 2008, it has k... |
Vietnam to build cement port in central province10 November 2010, Published under Cement NewsAuthorities of Vietnam’s central province of Thua Thien-Hue have licensed International Transportation Development and Investment Joint Stock Company to build a cement port. Dong Lam port to cover 106 hectares in Phong Dien district will have a total investment of VND1.23trn (US$63.37 ) and be developed into two phases, the Nong nghiep Viet Nam newspaper reported Wednesday. The port will be capable of handling two million tons of cargoes per year in the first phase, which is slated for con... |
Cimpor advances in Brazil and Turkey10 November 2010, Published under Cement NewsCimpor’s turnover for the first nine months improved by 6.7% to EUR1681.1m, boosted in particular by to a 45.0% advance in Brazil, and the EBITDA emerged 4.0% higher at EUR475.1m, with a EUR 55.6m increase coming from Brazil. A 12.0% increase in depreciation charges and provisions led to a 0.3% reduction in the trading profit (EBIT) to EUR 298.7m. Net debt at the end of September stood at EUR 1657.5m, giving a gearing level of 78.8%, down from 97.7% a year earlier. Capital expenditure in... |
Holcim third-quarter net profit falls10 November 2010, Published under Cement NewsHolcim said its third-quarter net profit fell 19.2 per cent with the company saying its markets in the United States, Mexico, Eastern Europe and India suffered the biggest setback. The company says net profit attributable to shareholders was SFR544m (US$561m) during the quarter, down from SFR673m in the same period last year. EBITDA fell 16 per cent to SFR1.234bn. Consolidated cement deliveries increased by 3.7 per cent to 102.8Mt in the period to end-September. The biggest increases were... |
Uganda cement prices fall10 November 2010, Published under Cement NewsPrices in Uganda have dropped by 18% in the past one year. The East African Cement Producers Association (EACPA) attributes the decline to an increase in local cement production. Recent dealer price trends in Kampala show that the price of cement fell from KES27,090 for a 50kg bag in August last year, to KES22,200 in October this year. The price includes 18% value-added tax and the KES500 per bag excise duty. The earlier high prices of cement were largely attributed to huge demand and in... |
Saudi Cement to invest in new Kuwait firm10 November 2010, Published under Cement NewsSaudi Cement Co said Tuesday it plans to invest KWD4m (US$142.3m) in setting up a new firm in neighbouring Kuwait. The firm will set up a closed joint stock company that will distribute cement with investors from Kuwait, it said in a statement posted on the Saudi bourse website. Last month, the kingdom’s second-largest cement producer said its third-quarter net profit climbed 14% to SAR140.3m (US$37.41m) from SAR123.1m in the year earlier period. |
ASEC inaugurates Takamol plant, Sudan10 November 2010, Published under Cement NewsASEC Cement announced today the inauguration of Takamol, its greenfield cement plant on the left bank of the River Nile some 320km north of the Sudanese capital of Khartoum. The total investment cost for Al-Takamol Cement, which began production of clinker and cement in August of 2010, stands at US$252.7m. The plant is 51% owned by ASEC Cement and 49% controlled by the Sudanese Social Security Investment Authority (SSIA), the entity that manages all pension funds in Sudan. In just under s... |
Egypt’s National Cement net profit drops 17%10 November 2010, Published under Cement NewsEgypt’s National Cement’s net profit for the July-September quarter fell 17 per cent from a year earlier, the stock exchange said on Wednesday. Net profit for the three months was E£54.5m (US$9.5m), down from E£65.8m in July-September 2009, the exchange said without adding details. National Cement, majority controlled by state-owned Chemical Industries Holding Co., produces and trades cement, clinker and other related construction materials. |