Cement News tagged under: international
Hima Cement looks to export markets, Uganda31 August 2010, Published under Cement NewsHima Cement, a subsidiary of Larfarge Group, has completed a major expansion project worth Ush265bn (US$118m) with installed capacity of 10 million bags per year, as it seeks to satisfy growing demand and environmental compliance requirements. The investment is in line with regional cement producer’s efforts to bridge output gaps and satisfy surging demand generated by boom cycles in the real estate sector and massive public infrastructure projects. With original output of seven million b... |
Indian producers cut Mumbai prices31 August 2010, Published under Cement NewsIndian cement manufacturers cut their product prices by INR2-INR4 per 50kg bag in the western city of Mumbai Friday, a trade official said Monday. "With the monsoon going strong, we could see more such small price cuts in the western region in September," the official told Dow Jones Newswires on condition of anonymity. India’s June-September monsoon rains have picked up pace across western India, slowing construction activity. |
Benue Cement 1H10 profit down 2%, Nigeria?31 August 2010, Published under Cement NewsNigeria’s Benue Cement Company said on Friday its half-year pretax profit had fallen two per cent to NGN9.48bn (US$63m), it said in a filing with the Nigerian Stock Exchange. Turnover at Benue Cement, a unit of local conglomerate Dangote Group, fell to NGN18.88bn in the first half from NGN19.59bn in the same period a year ago, it said. Benue said pretax profit in the first quarter was down 15.5 per cent at NGN4.52bn. Source: Reuters |
?India’s monthly infrastructure output grows 3.9%31 August 2010, Published under Cement NewsIndia’s infrastructure output grew 3.9 per cent in July, marginally higher than annual growth of 3.6 per cent in June, as crude oil and refinery output grew in double-digits, government data showed on Friday. Infrastructure growth has been slowing from 9.5 per cent in January, but analysts expect growth to pick up over the next few months. "Infrastructure industries witnessed low growth in July as growth was subdued on account of low growth of electricity, the largest sub-component within ... |
Holcim makes moves towards Indian merger31 August 2010, Published under Cement NewsHolcim AG has made the initial move towards merging its Indian subsidiaries, Ambuja Cements and ACC, two people familiar with the development said. It is learnt to have given Hewitt Associates the mandate to undertake organisational restructuring of the two companies. Sandeep Chaudhary, business leader, Hewitt Associates, replied: “It is right that we have been retained by Holcim, but we cannot comment on anything in the media.” It will take three months to complete the entire relocation o... |
Cement output for Brazil’s CSN may peak in 201031 August 2010, Published under Cement NewsCia. Siderurgica Nacional (CSN) Brazil’s largest diversified steel group, will probably increase cement output by 36 percent through the end of 2010, reaching full capacity to feed the country’s insatiable appetite for building materials ahead of hosting the World Cup and Olympics, its CEO said Monday. "There’s not enough cement in Brazil, The country is importing cement," Chief Executive Benjamin Steinbruch told reporters at an event in Sao Paulo. Brazil is due to host the 2014 World Cup ... |
Govt for further probe on banned cement brands, Nepal31 August 2010, Published under Cement NewsThe Nepal government has said that it will decide the fate of six different cement brands that it banned last week after conducting additional laboratory tests. For the purpose, it has agreed to the manufacturers’ demand to conduct tests of their fresh samples at an independent laboratory. "We will carry out fresh test of new samples of the banned brands before taking further action against them," Rajendra Mahato, Minister for Commerce and Supplies told myrepublica.com. The government had ... |
Siam Cement sees volumes rising 10%?31 August 2010, Published under Cement NewsSiam Cement Pcl , Thailand’s top industrial conglomerate, expects 2010 cement sales volume to rise 10 percent, higher than previously forecast, as growth in the economy has boosted domestic demand. The country’s top cement maker planned to invest at least THB20bn ($639 million) to expand at home and abroad over the next five years, Pramote Techasupatkul, president of SCG Cement Co. Ltd., told Reuters on Tuesday. Siam Cement already has a cement plant in Cambodia and is looking for opportun... |
Secil turnover declines 6.7% Y/Y in H1 2010?31 August 2010, Published under Cement NewsPortuguese cement producer Secil Group, 51% owned by local diversified holding group Semapa, closed the first half of 2010 with a turnover of EUR 273.1m (US$347.7m), down 6.7% YoY. The result was penalised by the performance in Portugal and Angola, according to Semapa’s filing with the Portuguese bourse regulator CMVM sent on Friday. Secil’s turnover in Angola dropped by 52% in the six-month period, due to the reduced sales volume and the lower average prices. The lower sales in Portugal w... |
TCC International hopes favourable weather boosts sales27 August 2010, Published under Cement NewsTaiwanese cement producer TCC International says its sales volume and selling price are set to jump in the second half on the back of growing demand. The firm has expanded production capacity by 50 per cent to meet rising orders. First-half sales volume surged 75 percent from a year ago to 12.24Mt. "The second half, especially from September, is our busiest season as the weather [with little rain] is more conducive for the construction industry," said TCC managing director Wu Yih-chin. T... |