Cement News tagged under: international
Lafarge’s Meghalaya cement plant hits roadblock08 November 2010, Published under Cement NewsLafarge’s proposed 1.1Mt greenfield cement plant in limestone-rich Jaintia Hills of Meghalaya has hit a roadblock, with locals opposing it on environmental grounds. This is the company’s second project that has hit a roadblock in Meghalaya. The first one is Lafarge’s limestone mining project in the East Khasi Hills to feed its cement plant at Chhatak, Sunamganj, Bangladesh. Hundreds of people of the Nongkhlieh, the village where the plant is proposed, yesterday foiled a move by officials of... |
PCA sees flat growth in 201008 November 2010, Published under Cement NewsThe Portland Cement Association has said in a recent statement that the economic momentum that was gathering steam early in the year has dissipated to a large extent and along with it the potential for an increase in cement consumption in 2010, according the most recent economic forecast from the Portland Cement Association (PCA). In 2010, PCA anticipates nearly flat growth, with a 0.3 per cent increase in consumption. Although this will be followed by small increases of 1.4 per cent in 201... |
Lower European and Asian profits at Italcementi08 November 2010, Published under Cement NewsItalcementi’s turnover for the first nine months declined by 4.7% to €3,665.9m and the running EBITDA was down by 16.2% to €660. The trading profit fell by 25.1% to €303.4m and the interest charge rose by 19.6% to €92.8m, which after other items left the pre-tax profit 36.0% lower at €198.6m. The net attributable profit dropped by 82.2% to just €18.5m, with minority interests claiming considerably more with €115.0m, just 2.5% less than a year ago. Net debt at the end of September was 2.6%... |
Cement prices rise in East, South India08 November 2010, Published under Cement NewsIn a trend that suggests cement producers may be teaming up to see that prices do not come down, cement prices, pan-India, have been rising since September 2010. This is despite the fact that demand for the commodity has been rather subdued, across most of the country, in part due to a prolonged monsoon. If dealers are to be believed, cement prices have risen by Rs15 per 50-kg bag in Gujarat and by Rs 7 per bag in Mumbai in the last ten days. There are, of course, a few pockets where pri... |
Argentina shipments see monthly rise08 November 2010, Published under Cement NewsThe Argentine Portland Cement Manufacturers Association (AFCP) reported that in the month of September, the Portland Cement factories shipped 933,785t, including exports, representing an increase over last August of 0.7 per cent. This figure, when compared against the values of September 2009, recorded a growth of 15.4 per cent. Destined for domestic consumption, the dispatches of the associates, including imports, totaled 911,514t, which shows a rise of 1.1 per cent over the previous mo... |
Cementir Q3 2010 turnover rises 9.7% YoY08 November 2010, Published under Cement NewsCementir Holding closed the third quarter of 2010 with EUR 231.1m in revenues, up by 9.7% on the year. EBITDA fell by 18.6% to EUR 34.2m. The pre-tax profit went down to EUR14.1m from EUR 21.3m a year ago. Revenues came in at EUR 630.9m for January to September 2010, in line with the EUR 629.9 million for the same period of 2009. Sales went up by 9.6% in the third quarter. Operating costs increased by 3%. EBITDA stood at EUR 84.4m, compared to EUR100.1m a year ago. The pre-tax profit fell ... |
Rising costs may pinch JK Cement, India08 November 2010, Published under Cement NewsJK Cement, which is focused on the northern Indian and Karnataka markets, has seen some investor interest over the past three months, despite a rather lacklustre performance in the September 2010 quarter. The investor interest is because of expectations of a pick-up in the demand for cement post monsoon, given the strong economic activity in the country and pick-up in housing demand. Also, reports indicate that cement prices have risen sharply in several parts of the country. For insta... |
Lafarge cement sales in Romania down by 18%08 November 2010, Published under Cement NewsLafarge posted an 18 per cent drop in sales on the Romanian market in the first nine months of this year, according to its quarterly report. The sales declined by 16.4 per cent in volume, while prices were down about 1.6 per cent, says the report, which doesn’t specify the actual sales. The group’s representatives mention that the third quarter shows the first signs of market improvements in Central and Eastern Europe since mid-2008. Lafarge saw its sales in Romania drop by 35 percent in ... |
Syria inviting private investment in state industry08 November 2010, Published under Cement NewsSyria is inviting investors to help revamp the state’s underperforming industrial sector but privatisation is not on the table, the industry minister said. The Syrian state owns factories producing everything from cigarettes to washing machines, despite recent steps to lift Soviet-style economic policies imposed by the ruling Baath Party when it came to power nearly 50 years ago. Now state factories that need an overhaul, especially cement, are being offered on build-operate-and-transfer... |
Holcim Ecuador expands production07 November 2010, Published under Cement NewsHolcim Ecuador is expanding its plant in Guayaquil to increase its production capacity from 3.5Mt to 5.4Mt of cement, which is expected to be completed in late 2011. As part of the works, the company installed a German mill and two concrete silos, one of 70m for the storage of 70,000t of clinker and the other, 50m high, to store 10,000t of cement. In addition to these structures, the project includes the assembly of other equipment. At the time, the extension works are advanced by 12%. |