Cement News tagged under: international
Controlling shareholder raises stake in Anhui Conch, China04 November 2010, Published under Cement NewsAnhui Conch Cement Co Ltd announced that its controlling shareholder Anhui Conch Group has raised its shareholding in the company to 36.48%, sources reported. In a statement filed with the Shanghai Stock Exchange, the company said that Anhui Conch Group bought a total of 28.90 million shares of the firm, via the Shanghai Stock Exchange system, thus raising the shareholdings to 1.29 billion shares. Last week, Anhui Conch Cement announced that its net profit for the third quarter of this y... |
HeidelbergCement raises 3Q04 November 2010, Published under Cement NewsHeidelbergCement, said third-quarter profit more than doubled as sales rose and cost cuts took hold. Net income rose to EUR322m from EUR149m a year earlier, the company, based in HeidelbergCement, said in a statement today. Sales rose 13 per cent to EUR3.4bn. “Demand for our building materials has further improved in the third quarter,” Chief Executive Officer Bernd Scheifele said in the statement. The company posted the second consecutive gain in sales today, snapping six quarters of de... |
Vicat sees improvement over nine months of 201004 November 2010, Published under Cement NewsVicat’s turnover for the first nine months of the year improved by 5.9% to EUR1528m, which represents an underlying advance of just 0.5%. The gearing level increased from 35.9% a year earlier to 40.6% at the end of September. This increase reflects the acquisition of Bharathi Cement in India at the beginning of May. The turnover in cement rose by 8.8% to EUR784m, with cement deliveries increasing by 10.7% to 12.12Mt. The French turnover declined by 0.9% over the nine months to €635m. ... |
Cimpor opens new Chinese facility04 November 2010, Published under Cement NewsCimpor has opened its biggest cement factory Wednesday in China doubling its production capacity in the country, the group said in a stamen issued in Lisbon. Cimpor Zaozhuang has a cement production capacity of 2Mta, the statement said. The factory, the group’s second in China after the one in Shandong, is located in Zaozhuang. Cimpor entered the Chinese market in May, 2007, with the acquisition of 60 per cent of Chinese company Shandong Liuyuan, and currently has two integrated cement p... |
Jefferies reduces Holcim’s full-year EBITDA estimates04 November 2010, Published under Cement NewsDue to its concerns about the shorter-term outlook in India, analysts at Jefferies International are reducing its operating EBITDA estimates for Holcim by 4% for this year and by 6% for next year. In a recent note, Jefferies said it expects the Swiss-based maor to report a 6% decline in its third quarter operating EBITDA to around SF1388m. Despite an additional three month contribution from last year’s acquisition in Australia of around SF80m, it expects a reduction in the profit contribut... |
Pakistan cement exports up 52%04 November 2010, Published under Cement NewsPakistan’s cement exports has increased by 52 per cent to reach 0.94Mt in the month of October 2010 compared to 0.62Mt during the previous month, latest figures released by All Pakistan Cement Manufacturers Association (APCMA) showed Thursday. According to the numbers by APCMA, cement dispatches stood at 4-month high for the month of October. The dispatches stood at 2.9Mt compared to 2Mt in September, showing an increase of 45 per cent on a month-on-month (MoM) basis. The major increas... |
Gujarat Sidhee Cement loss widens in September quarter03 November 2010, Published under Cement NewsGujarat Sidhee Cement reported the loss for the quarter ended September 2010 has widened. During the quarter, the loss of the company increased to INR129.24m compared with a loss of INR58.41m in the same quarter last year. Net sales for the quarter declined 42.18% to INR504m, while total income for the quarter fell 40.11% to INR522.32m, when compared with the prior year period. It reported loss of INR 1 a share during the quarter compared with loss of INR0 a share in the previous year pe... |
Indian producers promise price cuts03 November 2010, Published under Cement NewsA host of cement manufacturers assured Chief Minister M. Karunanidhi on Tuesday that they would soon convey to him a “favourable decision” they would take on the reduction of retail prices of cement. The manufacturers gave the assurance at a meeting chaired by the Chief Minister at the new Secretariat (Omandurar Government Estate). They responded to a request made by the State government at the meeting. P. R. Ramasubrahmaneya Rajha, chairman of Madras Cements, MAMR Muthiah, Managing Direct... |
China Shuangji Cement completes installation of equipment03 November 2010, Published under Cement NewsChina Shuangji Cement, Ltd, a leading producer of high-quality Portland cement in Shandong and Hainan Provinces in the People’s Republic of China (PRC), announced today that it has completed the installation of all the equipment at its new Zhaoyuan City cement plant and has been in full testing mode of all production lines for the past two weeks. The Company expects to complete testing in approximately two more weeks. Mr. Wenji Song Chairman of China Shuangji stated, "We are and all our cl... |
Gulf Cement Company installs SAP solution03 November 2010, Published under Cement NewsGulf Cement Company, based in Qatar, has announced it has selected Fujitsu Consulting for a company-wide SAP deployment. The cement company, a subsidiary of the Alkhalij holding group, will roll out an end-to-end SAP solution to manage finance, production, distribution and human resources. The company will also look to integration of the system with various business functions related to the cement, business, including time card management, Truck Yard management, weight bridges and DCS integ... |