Cement News tagged under: international
Lafarge appoints new director of sustainable development29 October 2010, Published under Cement NewsLafarge has appointed Kareen Rispal-Bellanger director of sustainable development and public affairs. Previously, Kareen Rispal-Bellanger, 50, has occupied different governmental positions. In 2003, she was appointed deputy director in charge of European cooperation at the French Ministry of foreign affairs. |
Indocement says nine-month net profit jumps 27%29 October 2010, Published under Cement NewsPT Indocement Tunggal Perkasa said nine-month net profit rose 27 per cent. Indocement, which has a market capitalisation of US$7.56bn, reported a net profit of IDR2.383trn in the first nine months of 2010. That compared with a net profit of IDR1.868trn in the year-ago period. Revenues rose 9.2 per cent to IDR8.11trn from IDR7.42trn a year ago. Indocement is expected to post a full-year 2010 net profit of IDR3.51trn, according to the consensus in Thomson Reuters. |
Russian market developments29 October 2010, Published under Cement NewsHard-hit by the global economic crisis, Russia may now be re-entering the growth path pursued in the years immediately before the downturn. In its improving economy much of the liquidity generated by commodity earnings is likely to be channeled into the property sector. This is positive news for cement demand, but while the near-term looks relatively bright, the subsequent years may prove more difficult for producers. Last year cement demand saw its biggest single-year drop (-28%) since t... |
Builders protest over cement price rise, Tamil Nadu imports28 October 2010, Published under Cement NewsProtesting against the unprecedented 100% hike in the price of cement in the last one month, builders across the state have decided to stage a one-day strike on Thursday and take out a rally from the Rajarathinam Stadium in Egmore to the state secretariat. At a joint press meet on Wednesday, Confederation of Real Estate Developers’ Association of India (CREDAI) Tamil Nadu chapter president T Chitty Babu and Builders’ Association of India (BAI) past president Radhakrishn... |
Eurocement invests in Voronezh plant, Russia28 October 2010, Published under Cement NewsEurocement is to invest US$328m in a plant located in the Voronezh region of Russia. The fully automated plant is to produce 2.2Mta. |
FLSmidth acquitted of violating disclosure rules28 October 2010, Published under Cement NewsThe Frederiksberg District Court has today ruled in favour of FLSmidth & Co. A/S with regard to its disclosure procedures for new orders according to Section 27, subsection 1 of the Danish Securities Trading Act. The case concerns the release of a stock exchange message in November 2007 when 20 hours passed from a journalist asked FLSmidth & Co. A/S to verify rumours of a contract in Russia until FLSmidth & Co. A/S issued a stock exchange message regarding the same contract before the St... |
Sephaku Cement opts for efficiency, South Africa28 October 2010, Published under Cement NewsSephaku Cement, which will commission two cement plants in South Africa with a total a capacity of 2.2Mta by 2012, believes its plants will be between 15 per cent and 20 per cent more efficient than existing plants in South Africa. Pieter Fourie, the chief executive of Sephaku Cement, said the average age of existing cement kilns in South Africa was 33 years and the oldest kilns were 50 years old, while its plants would have new technology and logistical advantages. This was particularly be... |
Siam Cement Group plans investment over next five years28 October 2010, Published under Cement NewsSiam Cement Group (SCG), the country’s largest industrial conglomerate, has set aside an investment budget of at least Bt100bn (US$3.3bn) for the next five years, mainly to expand its domestic and overseas business through mergers and acquisitions. Kan Trakulhoon, president and CEO of SCG, said yesterday that M&A is still a key tool to expand SCG’s business, particularly overseas. The investment will be geared towards core businesses - petrochemicals, paper and cement. In particular, SCG wi... |
Cementos Argos third-quarter EBITDA falls28 October 2010, Published under Cement NewsColombian producer Cementos Argos posted COP2.2bn (US$1.2bn) in consolidated revenues for the first nine months of 2010. Although this represents a decline of 17 per cent in pesos and three per cent in dollar terms, it should be noted that last year’s figures income of US$42m received for the sale of coal mining assets (El Hatillo and Cerro Largo) to Brazilian multinational firm, VALE. Cementos Argos’ EBITDA, on a year-to-date basis at September 30, 2010 dropped by 19 per cent in pesos or s... |
Brazil sales rise 12 per cent YoY28 October 2010, Published under Cement NewsPreliminary data industry data and market estimates indicate that domestic cement sales over the 12 months (August 2009-September 2010) reached 57.2Mt, representing an increase of 12 per cent versus the same period the year earlier (August 2008-September 2009). In September 2010 alone, monthly sales in the domestic market were 5.3Mt. |