Cement News tagged under: international
July construction growth slowest in four months03 August 2010, Published under Cement NewsBritish construction sector activity slowed markedly in July to a four-month low as firms’ confidence about the outlook deteriorated due to concerns about public spending cuts, a survey of purchasing managers showed on Tuesday. The Markit/Chartered Institute of Purchasing and Supply construction PMI fell to 54.1 in July from 58.4 in June, suggesting that expansion in the sector may have peaked. Official data last month showed British construction output jumped 6.6 per cent between April an... |
PPC reviews expansion program, reduces expenditure03 August 2010, Published under Cement NewsPretoria Portland Cement Ltd. will revamp two plants instead of building a new one in South Africa’s Western Cape and will reduce spending on expansion in the province by ZAR1.5bn (US$205m) because of slower demand. “The original design was done during a period of peak demand and cement shortages,” CEO Paul Stuiver said today in a statement. “The economic landscape and capacity requirements have changed significantly since then.” Africa’s largest cement maker would have spent ZAR4.5bn over... |
Egypt’s Alex Cement H1 net profit rises 13%03 August 2010, Published under Cement NewsEgypt’s Alexandria Cement posted a 13 per cent gain in first-half net profit, the stock exchange said on Tuesday, defying a slowdown in its Greek parent’s main markets. The firm, a subsidiary of Titan Cement, reported net profit rose to E£286.5m from E£253.3m a year earlier. The bourse statement gave no further details. Business in Titan’s main markets of Greece and the United States is suffering from a building slump, but its Egyptian unit is seeing strong growth. The results were as goo... |
Lafarge Nigeria 1H pre-tax profit up 2.6%02 August 2010, Published under Cement NewsLafarge Cement (WAPCO) said its half year to June pre-tax profit rose 2.6 per cent to NGN6.38bn (US$42m) from NGN6.bn a year ago. The company said its turnover dropped to NGN23.05bn in the period from NGN25.03bn a year earlier, the cement firm said in a filing to the Nigerian Stock Exchange. |
Holcim Philippines to resume Line No 2 at Lugait plant02 August 2010, Published under Cement NewsHolcim Philippines Inc announced they will be resuming operations at the second production line at its Lugait, Misamis Oriental plant in November given the strong market demand. Holcim still has idle lines in Davao and Bulacan. Holcim said that the opening of the second production line that they closed July last year will result in the hiring of 40 contractual workers. The demand for cement has grown by five percent for the first semester when compared to the same period a year ago. Mark... |
India: cement prices to remain under pressure02 August 2010, Published under Cement NewsAditya Birla group-controlled Grasim Ltd today said that cement prices will remain under pressure over the next six to eight quarters due to oversupply. "Cement prices are expected to remain under pressure due to an oversupply scenario," Grasim Whole-Time Director and CFO Adesh Gupta told reporters here. Cement prices are under pressure across the country and particularly in the South. The oversupply is due to new capacity addition, Gupta said. The uptrend in input prices, like the... |
Gresik first half net profit up 7.9%02 August 2010, Published under Cement NewsPT Semen Gresik Friday said first half net profit rose 7.9% to IDR1.63trn from IDR1.51trn a year earlier, thanks to a drop in cost of sales and lower income tax. Sales dropped 1.6% to IDR6.66trn from IDR6.77trn a year earlier. The cost of sales, however, fell 7.2% to IDR3.5trn from IDR3.77trn a year earlier, driving the company’s gross profit up to IDR3.16trn from IDR2.99trn a year earlier. For the six months ended June 30, income tax dropped to IDR540.22bn from IDR561.91bn a year earlier... |
Cemex plans for disused quarry, UK02 August 2010, Published under Cement NewsCemex is planning to turn a disused quarry into farmland by filling it with 1.2Mm3 of waste material. The proposal by Cemex involves transporting more than four train loads of construction and demolition debris every day for five years to the former Roman Quarry at Barrington. Trees and hedgerows will be planted around an existing lake to improve bio-diversity and the railway line between the site and the main line at Foxton will undergo a nine-month refurbishment, if the company secures t... |
Lafarge monthly exports to DRC reach 15,000t02 August 2010, Published under Cement NewsLafarge Cement Zambia is currently exporting 15,000t of cement to the Democratic Republic of Congo (DRC) per month, commercial director Bwembya Chikwanda has disclosed. Chikwanda said besides the export quota to the DRC, Lafarge was currently exporting 4,000t of cement per month to Burundi. “At present, we are averaging between 10,000 to 15,000t of exports per month to the DRC market and we export about 4,000t per month to Burundi… those are our two main export markets. In addition to that... |
Grasim Industries 1Q net profit down 8%02 August 2010, Published under Cement NewsThe Aditya Birla-promoted Grasim Industries Limited Saturday reported an eight per cent decline in net profit at INR685 crore for the first quarter of 2010-11 as against INR744 crore in the like period of 2009-10. According to the company, this was due to the demerger of the cement business into Samruddhi Cement Limited (SCL) and the allotment of SCL equity shares to Grasim shareholders. ’As a result, an amount of Rs 110 crore out of the net profit of SCL, which was the share of Grasim s... |