Cement News tagged under: international
Taiheiyo Cement taps top dealers in Vietnam05 August 2010, Published under Cement NewsTaiheiyo Cement Corp has been expanding its operations in Vietnam, doubling its capacity in the country earlier this year. One key to success is partnering with strong regional sales agencies, Director Ryuichi Hirai recently told The Nikkei. Excerpts from the interview follow. Q: How much demand is there for cement in Vietnam? A: Because of an infrastructure development rush, cement demand is growing rapidly. Demand stood at 13.7Mt in 2000, and since then it has increased by more than 10% a... |
Lafarge Jordan profit falls 73%04 August 2010, Published under Cement NewsLafarge Cement Jordan, the country’s leading cement producer, posted a 73 per cent fall in first-half net profit to JD9.4m (US$13.3m) on Tuesday, on weaker domestic sales. Sales fell 38 per cent to JD95.8 million from the previous year, hit by weaker domestic consumption as the country reels from the impact of the global downturn. The firm’s bottom line has also been hurt by a flood of cheap clinker imports using subsidised fuel from Saudi Arabia that gave an advantage to its local competi... |
Nigeria’s Ashaka Cement 1H pre-tax profit rises04 August 2010, Published under Cement NewsNigeria’s Ashaka Cement said on Tuesday pre-tax profit rose 41 per cent to NGN2.29bn in the first half of the year, despite falling in the first quarter. Pre-tax profit in the first quarter dropped 17 percent to NGN1.31bn, the company said in a filing to the Nigerian Stock Exchange (NSE). Turnover rose to NGN10.08bn in the first half from NGN8.95bn a year earlier, despite a slight fall year-on-year to NGN5.13bn in the first quarter. |
Vulcan sells more cement at lower prices04 August 2010, Published under Cement NewsVulcan Materials’ first half turnover declined by seven per cent to US$1,229.4m, though in the last quarter there was a 2.0% improvement. The EBITDA fell by 41.1 per cent to U$156.1m and the pre-tax loss for the period jumped from US$20.3m to US$122.4m. Capital investment was reduced by 29.9 per cent to US$42.2m. The net debt came down by 8.3 per cent to US$2,704.2m to give a gearing of 69.1 per cent. Vulcan sold 0.38Mt (0.4Mst) of cement in the period, an increase of 32.8 per cent... |
Holcim US fined for safety violations, NY04 August 2010, Published under Cement NewsGovernment records show that Holcim has been cited for more than 300 safety violations carrying fines totaling $455,000 since it became the Smith’s Landing plant operator in 2008. The records, compiled by the Mine Safety and Health Administration, which regulates U.S. metal, nonmetal and coal mines, show over the last two years the plant has incurred up 310 violations, 97 of which the government says could lead to serious injury or illness. During Holcim’s first year as operator, 155 vio... |
Cement firms earnings lower as capacities kick in03 August 2010, Published under Cement NewsCement makers India Cements and Madras Cements posted lower net profit for April-June, as additional capacities went on stream as construction activities slowed down in the quarter. The industry was expecting an addition of close to 72Mt of capacity by 2013, increasing total Indian capacity to 319Mt, an Mumbai-based analyst said. "During the first quarter of this year itself a total of 15 million MT has been added, but demand has been subdued due to normal monsoon and near-completion of pr... |
Jaiprakash Associates July shipments up03 August 2010, Published under Cement NewsJaiprakash Associates reported that its cement shipments rose 60.5% to 1.22Mt in July 2010 over July 2009. The monthly sales figures were announced after trading hours on Monday, 2 August 2010. |
Construction to start on Karbala cement plant, Iraq03 August 2010, Published under Cement NewsThe joint venture partners behind the US$200m rehabilitation of the Karbala cement plant in Iraq have agreed the security contract for the facility. Construction work will start at the beginning of August. UK investment firm MerchantBridge and Lafarge have reached an agreement with an as-yet-unnamed company to build a camp that will house 600 workers, as well as provide security for the whole site. “Even though the contract has yet to be signed, the first day of the contract delivery is nex... |
RAK Cement reports loss, UAE03 August 2010, Published under Cement NewsRas Al Khaimah Cement Company posted a net deficit for the last three months of AED4.2 million – a significant reversal from the AED21.7 million profit for the same period last year. Sales declined more than 10% from AED65.7 million to AED59 million and the cost of sales swelled by more than half from AED41 million to AED62.1 million. Half-year results – the first two quarters combined - saw heavier losses, reversing a AED51.1 million net profit into a AED1.266 million net loss, with sale... |
Lafarge Hima commissions new plant, Uganda03 August 2010, Published under Cement NewsHima Cement last week opened its new plant set to raise annual production and supply of cement by an additional 500,000t. The opening of the plant now increases Hima Cement’s annual production capacity to 850,000t from the previous 350,000t. “I believe the new investment will go along way in increasing the supply of cement in the local market, meaning Uganda will cease to be a net importer of cement,” Hillary Onek, the energy minister, said in a statement. Peter Lokeris, the minera... |