Cement News tagged under: international
Cementos El Monte to be absorbed by Cimpor company24 October 2010, Published under Cement NewsIntegrated Spanish cement manufacturer Sdad. de Cementos y Materiales de Construcción de Andalucía, part of the Cimpor group, is the process of absorbing of Cementos El Monte. Cementos El Monte has a grinding plant in Palos de la Frontera (Huelva), which was idled about 16 months due to the slowdown in the Spanish ceemnt market over the last two years. The company’s sales declined from EUR27.15m in 2008 to EUR4.07m registered in 2009. |
Dangote post record growth ahead of Nigerian listing23 October 2010, Published under Cement NewsNigeria’s Dangote Cement Plc posted a turnover of NGN146.56bn (US$965m) and a profit of NGN76.93bn for the third quarter ended 30 September 2010. The Lagos-based company’s unaudited results for the first nine months of the year showed an increase in turnover by NGN55.26bn from the NGN91.30bn posted in the equivalent period in 2009. Profit before tax rose from NGN46.93bn to NGN76.93bn while profit after tax experienced a similar climb to NGN75.30bn. Cement sales rose in terms of volumes to... |
Sri Lanka: port prospects22 October 2010, Published under Cement NewsA new port being built in Sri Lanka’s southern Hambantota has drawn investment proposals from local and foreign businesses. Madras Cements, India’s fifth largest cement maker and part of Chennai-based Ramco Group, has proposed investing in a cement terminal at the port, a greenfield site to be operated as a free port with no taxes. A Sri Lanka Ports Authority statement said that 27 local and foreign companies among 63 that collected the request for investment proposals have submitted bids.... |
USA: Ash Grove production suspensions22 October 2010, Published under Cement NewsAsh Grove Cement Company has announced plans to alter operations at nine manufacturing plants in the Midwest and Western United States due to adverse economic conditions that continue to affect the entire U.S. cement industry. Ash Grove will temporarily suspend production at the plants as inventories continue to rise and seasonal demand is projected to decrease due to the onset of winter conditions. Product shipments to current and prospective customers will not be affected as Ash Grove wil... |
Bangladesh clinker imports surge22 October 2010, Published under Cement NewsPrivate cement producers and traders in Bangladesh imported clinker to the value of BDT2400m (US$34.29m) in July 2010, reflecting a 147.42% YoY growth when compared with the BDT970m value of imports in July 2009. Total imports of clinker in FY2009-10 (July-June) reached BDT23.05bn, up 6.8% against BDT21.58bn registered in FY2008-09, according to the State Bank of Bangladesh. Moreover, the higher level of imports appears set to continue. At present, 10 vessels at Chittagong Port are read... |
Pakistan exported cement worth US$110m22 October 2010, Published under Cement NewsThe Pakistan government released official export data regarding cement deliveries from the country to Afghanistan, India and African markets during the first three months (Jul-Sep) of the current FY2010-11. According to the information, Pakistan exported 2.435Mt of cement at US$109.515m during the period, compared to 2.484Mt at US$124.133m in the equivalent period one year ago. Exports recorded a drop of 1.99% and 11.78% in terms of quantity and dollar value, respectively, according to dat... |
Raysut Cement posts lower earnings21 October 2010, Published under Cement NewsRaysut Cement Co has reported a 21% decline in net profit before tax for the nine months ended 30 September, 2010. Earnings fell to OMR19.03m, compared with OMR24.18m the previous year. Sales revenues fell by 30% to OMR49.88m from OMR71.30m during the equivalent period last year. In terms of volumes, 1.557Mt of cement and 0.319Mt of clinker was sold. Chairman of the board of directors, Mohammed bin Alawi Ali Muqaibal attributed the decline partly to severe competition and demand recessio... |
Malaysia’s YTL signs deal with Gopeng21 October 2010, Published under Cement NewsYTL Cement Bhd entered into an agreement with Gopeng Bhd for the acquisition of the 35.16% interest in Perak-Hanjoong Simen Sdn Bhd for MYR200m. At present YTL owns 64.84% of equity interest in Perak-Hanjoong and after completion the purchase, the company will wholly own Perak-Hanjoong. YTL Cement plans to fully integrate the subsidiary’s operations and create synergistic benefits to its entire company. Source: Business Times, India |
Mexico cement industry to end year with 6% drop in sales21 October 2010, Published under Cement NewsDespite expected growth for the Mexican economy, 2010 will prove less profitable for the country’s cement industry as a 6% fall in sales and in 4% decline in production are forecast. Osmin Rendon, president of the National Cement Chamber (Cancem) attributes the contraction partly to the delay in implementing the National Infrastructure Plan as well as the decreases in remittances to the country, which impact on the auto-construction sector. The latter accounts for 70% of bulk sales, accor... |
Vietnam to export 60,000t of clinker to Bangladesh21 October 2010, Published under Cement NewsVietnam Cement Industry Corporation (Vicem) said it recently signed a contract to export 60,000t of clinker to Bangladesh. At the end of September, Hoang Phat Vissai Group Co was awarded the contract by Hong Kong’s Peakward Enterprises Holdings to export 1.2Mt of clinker to Bangladesh. Vicem aims to export around 1Mt of cement of cement this year and reduce the country’s surplus. And while it has exported modest tonnages to America, Africa, Middle East and other Asian countries, it fell ... |