Cement News tagged under: international
Zimbabwe production expected to rise01 October 2010, Published under Cement NewsCement production is expected to increase by 29.8 per cent this year on the back of optimism that the construction industry will grow marginally this year. In an interview with Herald business Lafarge managing director Mr Johnathan Shonhiwa said production for the whole cement industry was expected to increase from the current 400,000t to 570,000t. "In terms of domestic demand as Lafarge we expect the numbers to increase by over 46 per cent compared to last year," he said. Mr Shonhi... |
Attock Cement profit after tax decreases01 October 2010, Published under Cement NewsThe profit after tax of Attock Cement Pakistan Limited has declined to PKR1.016bn in the year ended June 30, 2010 as compared to PKR1.492bn earned in the corresponding period in FY09. The company’s earning per share declined to PKR11.74 in the period under review against PKR17.24 in the same period last year. The board of directors of the company, in its meeting held on September 30, 2010 at Damascus, Syria recommended a final cash dividend for the year at Rs 3.25 per share ie 32.50 per c... |
Holcim invests more than US$400m in cement plant01 October 2010, Published under Cement NewsHolcim has committed more than US$400m over the past two years to build a new cement plant in Hermosillo, Sonora, Mexico. In a statement, said the cement plant is in its final stage of development and resources disbursed in it demonstrates its confidence in Mexico. With the new factory to open in the coming winter, the company will increase to seven points of cement production in the country, leading to levels of installed capacity to more than 12Mta. "Holcim has a long-term in Mexico,... |
Semen Gresik to optimise bank loans30 September 2010, Published under Cement NewsPT Semen Gresik Tbk, state-owned cement producer, plans to optimise a bank loan worth IDR3.54trb from this year to finalise construction of Tonasa V’s new line and the supporting infrastructures. Investor Relations of Semen Gresik Agung Wiharto said the construction of the 2.5Mta Tonasa V line and 2 x 35MW power plants is predicted to end quarter IV/2011. "The loan syndication led by Bank Mandiri now is totally worth IDR3.54 trillion. We will use it by end of the year and next year to fina... |
Egypt: no need to extend export ban30 September 2010, Published under Cement NewsEgypt does not need to extend a ban on cement exports that expired on Wednesday, the country’s trade minister said. "Today while we sit here, the ban on export of cement has expired," Trade and Industry Minister Rachid Mohamed Rachid said at a business conference in Cairo. "Supply and demand mechanisms in the market ensure that our domestic needs are secured, and that there is no need to interfere in the market," said Rachid. Cement demand in Egypt rose 25 percent last year, driven largel... |
Asia Cement plans to raise output in 2H1030 September 2010, Published under Cement NewsAsia Cement (China) Holdings, a mainland subsidiary of Taiwan-based Asia Cement Corp, plans to raise its cement output to 11.5Mt in the second half of this year, 44% more than in the first half, said Chief Executive Chang Tsai-hsiung, sources reported. The cement maker may see the average selling price of the material rising RMB20-30/t in the fourth quarter of this year because the government’s restriction on power-use caused the short supply of cement in eastern China, according to the re... |
SCCC to become first Thai cement makers to raise prices30 September 2010, Published under Cement NewsThe Bangkok Post reported that Siam City Cement will become the first local producer to raise its prices as domestic consumption has been better than expected, thanks to growth in infrastructure and property development. Mr Philippe Arto MD of SCCC said that the price increase by THB 200/t mainly reflected more costly coal, for which 2011 prices are being quoted at 15% higher than this year’s level. Before the increase, SCCC’s Insee cement products were priced from THB1900 to THB2020/t. ... |
Votoratim plans to sell bonds30 September 2010, Published under Cement NewsVotoratim SA plans to sell perpetual bonds in dollars, which are callable after five years, years, according to a banker involved in the transaction. Bank of America Corp., HSBC Holdings Plc, Itau Unibanco Holding SA and Morgan Stanley are managing the issue, which will be guaranteed by Votorantim Participacoes SA and Votorantim Industrial SA, the banker said. |
Lafarge Ciments 1H profit down 2.8%30 September 2010, Published under Cement NewsLafarge Ciments posted lower first-half profit and sales, as power and materials costs rose and economic slowdown hit demand for cement. Casablanca-based Lafarge Ciments, a listed subsidiary of Lafarge and Moroccan partner SNI, made a net profit of MOD953m (US$114m), down from MOD980m, on revenue down one per cent at MOD2.789bn. Analysts said the company and its rivals Holcim Maroc and Ciments du Maroc were grappling with a stagnant market since last year after years of growth fed by infra... |
Tianshan Cement to Invest in eight new lines30 September 2010, Published under Cement NewsFollowing the start of two 4000tpd cement production lines in Kashi and Yecheng and a 4500tpd cement production line in the Chabu Chaer County of the Yili prefecture, Xinjiang Tianshan Cement, the regional subsidiary of China National Materials Company Limited (Sinoma Limited) (Beijing) in the Xinjiang autonomous region, is planning to invest US$670m for another eight dry-process cement production lines in Urumqi, Hami, Turpan, Fuyun, Emin, Hejing and Kuche in the Xinjiang region, the Board ... |