Cement News tagged under: international
Construction of Azerbaijan’s latest cement plant back on track21 October 2010, Published under Cement NewsAkkord, Azerbaijan’s largest construction holding, will accelerate the construction of a new cement plant in 2011, according to company spokesman Afag Guliyeva. The decision is envisaged to put the implementation of the project back on track. First launched as a project in 2007, the 1.2Mta cement plant will be build in Dash Salahli, Gazakh region. However, the project experienced some delays in getting the necessary equipment to the site but Guliyeva said that this are being resolved. Aze... |
Lucky Cement profits likely to fall21 October 2010, Published under Cement NewsOn Thursday, Pakistan largest cement producer and exporter, Lucky Cement Ltd (LCL) is expected to post a profit after tax (PAT) of PKR837m (US$9.84m) in first quarter of financial year of 2010-11 (July-Sept) against PKR1103m PAT earned in corresponding period last year, reflecting a fall of 24% on a YoY basis. Lucky is expected to post EPS of PKR2.59 for 1QFY11 in its board meeting tomorrow. An analyst of Invest & Finance Securities Ltd has pointed out that despite local cement prices esc... |
ACC headquarters receives LEED India NC Gold20 October 2010, Published under Cement NewsACC Limited has received the LEED India NC Gold rating awarded for its headquarter building ’Cement House’ located in Mumbai, India. The award was presented by Tony Arnel, Chair, World Green Building Council (WGBC) to ACC’s Adviser Corporate Affairs Mr. N A Mirza at a specially organized ceremony during the Annual Meet of Indian Green Building Council at The Chennai Trade Centre, Chennai. Cement House was the first project in the country to be registered under the criteria of major renov... |
JK Cement confident of better show in second half20 October 2010, Published under Cement NewsRG Bagla, group executive president at JK Cement, has spoken about the latest activity at his company and the road ahead for the producer in an interview with CNBC-TV18. Below is a verbatim transcript of the interview. Q: How exactly has demand picked up post the monsoon in terms of dispatches in volumes? A: Every year monsoon is a depressed period and this time the monsoon came in late-August and September with great furry in northern, western and southern India. This depressed the market... |
Latvian PM to meet with Northern European regional head of Cemex20 October 2010, Published under Cement NewsLatvian Prime Minister Valdis Dombrovskis is scheduled to meet with Ruediger Kuhn, Regional President Northern Europe of Cemex on Wednesday, the prime minister’s spokespeople told BNS. Cemex representatives informed BNS that Dombrovskis would meet with both Kuhn and Cemex CEO in Latvia Enrique Garcia. The objective of the Cemex executives’ visit is to get acquainted with the prime minister and discuss various business-related topics, the Cemex representatives said. Garcia was appointed Ce... |
Lower demand, prices to affect most Indian producers20 October 2010, Published under Cement NewsTwo of India’s top three cement makers are likely to post a drop in net profit for the quarter ended September 30, due to a fall in demand, lower prices and higher costs. Among the three, UltraTech Cement Ltd, India’s largest cement maker by capacity, may show a growth in sales, benefiting from its merger with Samruddhi Cement Ltd. Goldman Sachs estimates that cement prices in India fell 10%-15% in the July-September quarter. The June-September monsoon traditionally slows construction acti... |
Shree Digvijay Cement Company swings to loss20 October 2010, Published under Cement NewsShree Digvijay Cement Company swung to loss for the quarter ended September 2010. During the quarter, the company reported loss of INR103.00m compared with a profit of INR69.00m in the same quarter previous year. Net sales for the quarter declined 35.27% to Rs460m, while total income for the quarter fell 35.34% to Rs 461.80m, when compared with the prior year period. |
Pakistan cement price increase20 October 2010, Published under Cement NewsCement manufacturers have raised cement prices by PKR55 per bag in two months which, analysts believe, may compel the Competition Commission of Pakistan (CCP) to intervene, again. Talking to Business Recorder, a cement trader, Muhammad Afzal, said that quota fixation for every district and under-utilisation of capacity are the main reasons for the fresh bullish trend in cement prices. "Current trend of cement prices may have a negative impact on the government’s efforts to build houses fo... |
Nigeria’s Dangote Cement plans global share offer20 October 2010, Published under Cement NewsNigeria’s biggest cement maker Dangote Cement is planning to sell a 20 per cent stake through a global share offering in the next 18 months as it gears up for a construction boom in Africa, a senior executive said on Monday. Dangote Cement will list on Nigeria’s stock exchange on Oct. 26 after a merger with local rival Benue Cement, in a deal valuing it at US$14bn and making it the country’s largest company by market capitalisation. Chief Operating Officer Kunle Alake told Reuters the Nig... |
Tamil Nadu builders import cement from Pakistan20 October 2010, Published under Cement NewsWith rising cement prices in Tamil Nadu, a group of builders are importing cement from Pakistan. ’A group of builders have imported cement from Pakistan via Kochi port in Kerala,’ Prakash Challa, vice president of Confederation of Real Estate Developers’ Association of India, told reporters Tuesday. He said the first consignment of 20 containers with 20 tonnes of cement each has arrived at Kochi port. ’The cost works out to around Rs.190, which is much cheaper than Rs.300 charged by loca... |