Cement News tagged under: international
Roanoke’s Front Royal Site celebrates 10th anniversary26 October 2010, Published under Cement NewsRoanoke Cement Company’s Front Royal terminal celebrated its 10-year anniversary on October 20 with a luncheon focusing on safety. "That may seem boring to most people," says Dwayne Whited, Terminal Manager. "But for us, it’s pretty exciting that we have reached 10 years of operating our business without a lost time accident, and we plan to build on that accomplishment for as long as we can." Front Royal has been blessed with loyal and dedicated employees. Whited, along with his Terminal Op... |
Vietnam Vicem Jan-Sept sales rise26 October 2010, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) sold 13.017Mt of cement and clinker in the first nine months of this year, rising 6.7% from a year earlier and fulfilling 68.5% of its full-target. Of the amount, 12.8Mt was cement and 216,000t, was clinker, up 6.2% and 58.8% YoY, respectively, the corporation said on its website Monday. Vicem held 36.43% of the domestic market share during the period. |
UAE dumping hits Raysut bottomline26 October 2010, Published under Cement NewsOman’s Raysut Cement, yesterday reported a 21.3 per cent fall in net profit at OMR19.03m (US$49.4m) for the first nine months of 2010, hit by dumping from neighbouring UAE producers, coupled with slack demand in export markets. This is against a net profit of OMR24.18m registered for the same period last year. The company’s sales revenue also dipped by 30.5 per cent to OMR49.88m from OMR71.80m during the period under review. “Raysut Cement has been faced with twin problems. One the one sid... |
UltraTech Cement readies expansion, India26 October 2010, Published under Cement NewsIndia’s largest cement maker, has kick-started the next round of its capacity expansion which is likely to cost INR5000 crore, immediately after execution of its earlier plan of adding nearly 20Mt over the past four years. The Aditya Birla Group company has placed orders for two 3.3Mt kilns on KHD Humboldt Wedag of Germany as part of its plan to add 9.4Mt capacity by 2012-13, said a company official. The Aditya Birla group spokesperson declined to comment as the company was in the silent p... |
Oman Cement profits jump 35% in nine months26 October 2010, Published under Cement NewsOman Cement Company said that it has achieved a 34.9 per cent growth in net profit at US$59.3m for the first nine months of 2010, up from US$43.9m a year earlier, ONA reported. According to officials, the government has fully reimbursed the company for the losses incurred in 2008 and 2009 on import of clinker and cement, which was undertaken by the company under the directions of the government. However, sales revenue fell 23 per cent to US$105.5m from US$137m during the period under rev... |
Anhui Conch Cement 3Q net profit up 45%26 October 2010, Published under Cement NewsAnhui Conch Cement Co, China’s largest cement maker by output, said Monday its third-quarter net profit rose 45% from a year earlier due to higher product prices. The Hong Kong- and Shanghai-listed company said in a statement its net profit for the three months ended Sept. 30 was CNY1.36bn, up from CNY937.9m a year earlier. Revenue rose 32% to CNY8.49bn from CNY6.43bn. Demand for cement in China has been boosted by last year’s CNY4 trillion stimulus program, which included heavy spendin... |
Dangote takes majority shareholding in Sephaku Cement26 October 2010, Published under Cement NewsNigerian conglomerate Dangote on Monday officially upped its stake in South Africa’s Sephaku Cement to 64%. Sephaku plans to bring an additional 2.2Mta of cement to the South African market by 2012/13, through the commissioning of two plants, one at Aganang in North West province and the other in Delmas in Mpumalanga province. Footing the bigger part of the ZAR3.3bn bill and debt guarantees for these new plants will be Dangote, the largest cement company in Nigeria and now the majority st... |
YPFB and Soboce gas agreement, Bolivia26 October 2010, Published under Cement NewsYacimientos Petrolíferos Fiscales Bolivianos (YPFB Corporation), delivers 7.5 to 10.5 million cubic feet per day (MMcfd) of natural gas to Sociedad Boliviana de Cemento (Soboce) and plans to build a new pipeline from Achica Arriba until Viacha to increase the flow of energy up to 20 MMcfd and benefit the entire industrial park established under the heading of construction in the area. The National Measurement and Regulation supervisor dependent on the National Management Gas and Pipeline N... |
Malta: ‘EUR9 excise duty will make things difficult’26 October 2010, Published under Cement NewsThe construction industry in Malta is currently going through a recession, therefore increasing its costs will only serve to make things increasingly difficult, according to Michael Falzon, president of the Malta Developers’ Association. Mr Falzon was speaking with regard to a budgetary measure which was announced last Monday, where it was stated that an excise duty of €9/t of imported cement is to be levied. However, Mr Falzon said that based on his calculations this cost is actuall... |
Hanil looks to strenghten global future, Korea25 October 2010, Published under Cement NewsHanil Cement has been providing the building materials for decades of Korea’s real estate projects, and has now grown into a company with an annual production capacity of 8.1Mt of cement, 24 subsidiaries including eight firms abroad and assets of 1.35 trillion won (US$1.2bn) as of 2009. Last year, the company booked a net profit of it marked net profits of 40.4bn won (US$36m) in 2009. Financial experts forecast a solid future for Hanil Cement even in the midst of a cement and construction... |