Cement News tagged under: international
Saudi Tabuk Cement books US$26.5m net profit12 October 2010, Published under Cement NewsSaudi cement producer Tabuk Cement Company (TCC) said yesterday it booked a net profit of SAR99.5m (US$26.5m) for the nine months to September 2010, up from SAR 95.6m a year earlier. The earnings per share (EPS) stood at SAR 1.11, slightly up from SAR 1.06. The gross profit rose to SAR 107.6m, up 5.7% on the year, while the operating profit came in at SAR 96.5m, up 7.6%. For the third quarter of 2010, TCC registered a slight decline in net profit, to SAR23.8m from SAR24.2m in the same per... |
Growth of the Dominican Republic cement sector12 October 2010, Published under Cement NewsThe executive director of the Dominican Association of Cement Companies (Adocem), Julissa Baez, highlighted the stability of the cement industry in the Dominican Republic. She stated that of the six producers of cement in the country are members of the Adocem, two of which are important concrete companies. Last September revealed that Adocem members exported 1Mt of cement to the Caribbean. Q: What is the status of the cement sector currently? A: Stability. Consumption volumes remain sta... |
Pakistan cement sector reports losses12 October 2010, Published under Cement NewsThe cement sector in Pakistan continues to suffer on the back of decline in cement prices and high cost of production in country. Out of 20 listed companies in Karachi Stock Exchange (KSE), some more cement manufacturers reported losses in financial year 2009-10 (July-June), last week. Dewan Cement reports loss of PKR 622.764 m Pakistan’s private sector cement manufacturer – Dewan Cement Ltd. (DCL) has posted a loss of PKR622.764 m (US$7.33m) for the financial year 2009-10 (July-June) comp... |
Lafarge Emirates launches new cement brand12 October 2010, Published under Cement NewsLafarge Emirates Cement has announced the launch of its latest brand ‘Shield’ - the new sulphate-resistant Portland cement (SRPC). The sulfate-resistant Portland cement is suitable for areas where concentrated sulfate abounds in soil, groundwater or seawater. The company’s current range of products include ‘Classic’ - the ordinary Portland cement, ‘Flexi’ - the Portland limestone cement, and GGBS - ground granulated blast-furnace slag cement. "The new product will be highly effective to bu... |
Portland Cement turns to coal plant to reverse losses, Kenya11 October 2010, Published under Cement NewsEast African Portland Cement (EAPC) is betting on its new coal-driven plant and the hedging of its yen-dominated loans to return to the profit zone after announcing a KES292m (US$3.62m) loss in the year ended June 2010. The losses were attributed to rising production costs led by energy expenses. The firm uses the more expensive fuel to drive its machines as opposed to coal, which is cheaper and less prone to price volatility. This has seen EAPC absorb huge energy costs estimated at 45 ... |
Aditya Birla September production up 4%, India11 October 2010, Published under Cement NewsProduction for the Aditya Birla Group company UltraTech Cement, for the period April to September 2010 rose by 3.99% at 18.63Mt against 17.92Mt during April to September 2009. Dispatches rose by 4.18% at 18.61Mt in April to September 2010 compared to the 17.86Mt in the corresponding period last year. Cement production for the month of September 2010 is higher by 2.91% at 2.819Mt and dispatches, at 2.85Mt by 2.71% over September 2009. |
CIMERWA to receive AFDB loan, Rwanda11 October 2010, Published under Cement NewsThe African Development Bank (AFDB) has granted a US$30m loan to CIMERWA for expansion to increase capacity at a time when cement prices have been rocketing high, RNA reports. The financing approved Wednesday, will allow CIMERWA to construct a new 700,000tpa cement plant that will replace the existing 100,000 capacity plant. The total cast of the plant is US$60m – with more financing coming from other sources. The plant will create 285 jobs as well as enhance social infrastructure for ... |
New Iran factory opened11 October 2010, Published under Cement NewsThe Jovein Cement Factory officially came on stream in Khorasan Razavi province, Iran on Sunday. The factory has the capacity to produce 4000tpd of cement. The unit was implemented over the course of three years. |
Anhui Conch Cement says Ping An Trust sells shares11 October 2010, Published under Cement NewsAnhui Conch Cement Co. said Ping An Trust & Investment Co. sold 176.6 million shares of the cement company as of 8 October, according to a statement to Shanghai’s stock exchange. Ping An Trust’s stake in Anhui Conch was reduced to 6.54 per cent from 11.54 per cent, according to the statement. Ping An Trust doesn’t exclude the possibility of selling more shares in the next 12 months, according to the statement. |
Ambuja Cements sees exports falling, India11 October 2010, Published under Cement NewsAmbuja Cements Ltd, an Indian unit of Holcim expects its exports to fall by up to 25% this fiscal year, as it plans to sell more in the local market, a company executive said Friday. Ambuja Cements, the third largest cement maker in India by capacity, expects to export around 600,000-650,000t in 2010, down from around 800,000t in 2009. "With good monsoon rains, growth in domestic demand could even shoot up to 10%-12%. We will focus more on the domestic market," Ajay Kapur, business head - ... |