Cement News tagged under: international
Catalonia consumptions falls 26% in September20 October 2010, Published under Cement NewsCement consumption in Catalonia fell 26 per cent YoY in September, compared to 2009, now registering three consecutive years of decline in the sector, Ciments Català in a statement. The fall exceeds the average 20 per cent decline that the sector has experienced so far this year. However, exports have increased significantly by trading 1.25Mt so far in 2010 – "the highest level of the last 10 years." Català Ciments has stressed, however, that this positive does not outweigh the declin... |
South Africa’s PPC earnings seen 20-30 per cent higher20 October 2010, Published under Cement NewsPretoria Portland Cement (PPC) said on Tuesday that its headline earnings per share for the year ended September 2010 are expected to be between 20 and 30 per cent higher compared to the previous corresponding period. Earnings per share are expected to be within a 10 per cent range of the previous corresponding period’s EPS. PPC referred shareholders to its trading statement dated 28 October 2009 and that the ZAR490m IFRS2 charge relating to PPC’s Broad Based Black Economic Empowerment t... |
Caribbean Cement lowers price, Jamaica20 October 2010, Published under Cement NewsIn an effort to recapture share in the domestic market defined by economic downturn and an insurgence of dumped cement, Caribbean Cement has dropped the price on its main product – Carib Plus – by 7.5 per cent. Carib Cement’s general manager, Anthony Haynes, said the company is also saw this as "an opportune time to be aggressive with pricing and give people an opportunity to rebuild at the lower price", following the effects of Tropical Storm Nicole. "We are trying to stimulate sales — th... |
Lafarge plans Russian expansion19 October 2010, Published under Cement NewsLafarge is planning to invest around EUR1-2bn in the Russian cement industry over coming years, according to reports from local press. Russian Prime Minister Vladimir Putin has confirmed the major plans of Lafarge at the annual meeting of Council on Foreign Investments, saying the company is ready to expand production capacity despite economic volatility. “In the midst of economic turmoil the company has started the construction of a cement plant in the Kaluga region. Lafarge has operat... |
India’s Ambuja says strike hits cement output19 October 2010, Published under Cement NewsIndia’s No. 3 cement maker Ambuja Cements Ltd said on Monday dispatches and production at its plants in the northern Himachal Pradesh state had stopped since Oct 7, due to a transport strike. The company, in which Holcim holds about 46 per cent, did not give details of the likely financial impact of the strike. The two plants in Himachal account for about 2.8Mt, or about 13 per cent of the company’s total annual capacity of 22Mt. |
Philippines: Zero duty on cement to stay – DTI19 October 2010, Published under Cement NewsThe Department of Trade and Industry (DTI) said the duty-free status of imported cement and wheat would stay. DTI Secretary Gregory Domingo on Monday told reporters that it is “too late” to change the Cabinet-level Tariff and Related Matters (TRM) Committee’s decision to extend the zero tariff on these goods. Domingo had said that the executive orders (EOs) that would extend for six months the duty-free entry of cement and wheat were being drafted and would be issued when Congress goes o... |
Vietnam cement demand forecast to rise 10% in 201119 October 2010, Published under Cement NewsVietnam’s Ministry of Industry and Trade has predicted Vietnam’s demand for cement and steel will increase about 10% next year, state media reported. Vietnam is forecast to consume between 12.5Mt and 12.8Mt of steel products in 2011, up 8% and 10% from a year earlier, the MOIT was cited by the Vietnam News Agency as saying Monday. The country’s demand for cement will rise about 10% YoY to 55Mt and 56Mt next year and its cement output will reach 60Mt the ministry gave the forecast based on ... |
HeidelbergCement sticks to 2010 debt target19 October 2010, Published under Cement NewsHeidelbergCement still expects to reduce its debts to almost EUR8bn by the end of 2010 from EUR9.1bn, CEO Bernd Scheifele said. Despite the weak recovery in the sector Scheifele maintained the target for a relatively strong free cash flow this year. In the first half, free cash flow from the operating business was still negative which is usual in the construction sector due to the winter pause. In the medium term, HeidelbergCement aims to reduce its debts to 2.8 times the earnings before ... |
Russian government cancels duty on cement exports19 October 2010, Published under Cement NewsThe Russian government has cancelled the duty on the country’s cement exports, according to a government ruling dated October 12 and seen by PRIME-TASS on Monday. The ruling is to come into force a month after its official publication. The duty on cement exports before the cancellation amounted to 6.5%. |
Cementos Portland Valderrivas presents new brands19 October 2010, Published under Cement NewsCementos Portland Valderrivas presented special ’Microval’, ’RapidVal’ and ’UltraVal’ cements recently. ’Microval’ is an ultra high durability microcemento, with a particle size below 32 microns in type TP-32 and less than 12 microns in the TP-12, designed to solve problems and fissure permeability. For its part, ’RapidVal’ is a fast setting (4-5 minutes) and rapid early strength (15 minutes) hydraulic binder, particularly suitable for masonry work and restoration. Finally, ’UltraVal’ is a c... |