Cement News tagged under: international
Roanoke’s Front Royal Site: 10 years with no lost time accident27 August 2010, Published under Cement NewsRoanoke Cement Company’s Front Royal terminal was honoured last month by parent company, Titan America, LLC for its outstanding safety record. The terminal, located three hours north of Roanoke in Front Royal, VA, has been injury-free for 10 years. The cement terminal receives cement product via railcar and then distributes it to Roanoke Cement Company customers located in the Shenandoah Valley, Northern Virginia and surrounding areas. The Front Royal terminal permits customers to obtain ef... |
West China Cement first-half profit rises27 August 2010, Published under Cement NewsWest China Cement Ltd posted on Thursday a net profit of CNY 362.8m (US$53.4m) for the first half of 2010, up from CNY140m a year earlier, and some 18.2% higher than the company’s projections. This translated into earnings per share of CNY0.11, up from CNY 0.04. The cement producer completed its HK$1.28bn (US$165m) listing in Hong Kong on August 23, 2010, selling 823 million shares. Gross profit margin for the first six months of 2010 declined slightly to 39.1% from 39.6% a year before. ... |
Camargo Correa continues invests in Argentine facilities27 August 2010, Published under Cement NewsBrazilian producer Camargo Correa yesterday announced that it will be investing US$50m in two of its Argentinian operations, namely Loma Negra and Ferrosur. The investment, coming on top of US$50mil already invested this year so far locally, has been announced hard on the heels of last week’s adjudication of the contract to construct a hydroelectric dam in Santa Cruz for over US$4bn. The new investment will be split 70-30 between cement group Loma Negra and rail-transport operation Ferros... |
Dalmia: investors concerns about prospects27 August 2010, Published under Cement NewsThe stock of Dalmia Cement (Bharat), a diversified player, has sharply under-performed the broader market over the past three months. Investors are concerned about the bleak prospects of the company’s key businesses. There are no signs of revival in the operating environment in the company’s key southern markets. Its sugar division is also hit due to falling sugar prices. The stock has declined nearly 5.3% during the said period as compared to the 11% increase in the Sensex. Cement com... |
Titan Cement earnings rise27 August 2010, Published under Cement NewsTitan Cement Thursday posted a 14% rise in second-quarter net profit due to the start-up of new facilities in the eastern Mediterranean and southeastern Europe and the weakness of the euro, but it gave a bleak assessment of the markets in which it operates and said it would focus on belt-tightening for the remainder of 2010. "Under the prevailing conditions of uncertainty in the economic environment, the group will continue in the near future to focus on reducing debt by prioritizing invest... |
Thai cement price hike in August27 August 2010, Published under Cement NewsLocal press has reported that the four largest Thai cement producers, which command more than 85% local market share, announced a Bt200/ t hike in local cement price in mid-August with a plan to further increase it by Bt200/t in September. Though there is concern that excess capacities could preclude the hike, the demand growth of almost 10% YoY suggests that cement producers are regaining their pricing power. Analysts at TISCO Securities believe this price hike is sustainable as it is a co... |
Siam Cement Group seeks wider market base26 August 2010, Published under Cement NewsThe Bangkok Post reported that Siam Cement Group, Thailand’s top industrial conglomerate, wants to establish a global presence for its SCG and COTTO brands of building materials starting in ASEAN. Currently, Vietnam is considered the first strategic country for the move to establish the international recognition of its SCG brand for construction products and COTTO brand for sanitary ware including tiles and faucets. Other countries in Indochina, including Burma and Cambodia, as well as... |
Lucky Cement sets up scholarship fund with LUMS, Pakistan26 August 2010, Published under Cement NewsLucky Cement Chief Executive Officer Muhammad Ali Tabba has joined hands with the Lahore University of Management Sciences (LUMS) to set up the “Abdul Razzak Tabba/Lucky Cement Scholarship Fund”, which will sponsor approximately 23 students of the National Outreach Programme (NOP) over a period of four years, according to a press release issued on Wednesday. A contract to this effect was signed between the two parties, in Karachi. The first batch of the Abdul Razzak Tabba/Lucky Cement Sc... |
Vietnam produces 36.8Mt of cement in Jan-Aug26 August 2010, Published under Cement NewsCement producers in Vietnam are estimated to have produced 36.8Mt of cement in the first eight months of this year, the General Statistics Office said. The figure represented an on-year increase of 17.2%, the GSO said in a statement released Thursday. In August, the country’s cement output was 5.1Mt, up 16.7% YoY. The Ministry of Construction forecast Vietnam will face a cement surplus of at least 2Mt this year due to the boom of new cement plants nationwide while its cement export plans a... |
Indonesia July sales up 6.6%26 August 2010, Published under Cement NewsCement sales in Indonesia rose 6.6 per cent to 3.74Mt in July from 3.51Mt in the same month last year. The increase in cement sales was attributed mainly to revival of the property and lower lending rates, the association of cement producers (ASI) said. Increase in demand is not significant from the infrastructure sector as there was no much headway made in the implementation of the government’s infrastructure projects, ASI chairman Urip Timuryono said. Significant progress, however, is p... |