Cement News tagged under: international
Minorities virtually eliminate Italcementi’s net profit02 August 2010, Published under Cement NewsItalcementi’s first half turnover declined by 5.1% to €2,455.1m and the running EBITDA was down by 12.6% to €434.5m. The trading profit fell by 16.8% to €197.9m and the net attributable profit virtually disappeared by dropping 99.3% from €55.1m to €0.4m, above all reflecting the large minority in the profitable Egyptian business. Net debt at the end of June was 11.7% lower than a year earlier at €2,458.1m, giving a gearing of 48.3%. Cement and clinker shipments in the period declined by... |
Argentine cement dispatches see month-on-month rise02 August 2010, Published under Cement NewsCement dispatches from Argentine cement producers, including exports, in June 2010 reached 818,933t representing an increase of 3.1% on May’s figures. Compared to June 2009, cement dispatches were 1.7 per cent higher. |
Cimentos de Moçambique expands to meet growing demand02 August 2010, Published under Cement NewsCimentos de Moçambique factory, located in Matola in Mozambique’s Maputo province plans to double its cement production capacity to 1Mta, as of May 2011, the chairman of the company’s executive commission, Steffen Kasa told Mozambican newspaper Notícias. The company has just invested over US$23m in acquiring a new mill and three bagging machines in order to increase production from 500,000t to 1Mt. “At the moment we are installing the new mill and all the heavy components are already l... |
India’s Ambuja July cement shipments down 1.2%02 August 2010, Published under Cement NewsAmbuja Cements Ltd India’s No. 3 cement maker, reported shipments in July fell 1.2 per cent from a year ago to 1.42Mt. The company, in which Holcim holds about 46 per cent, said production in July fell to 1.41Mt from 1.44Mt a year earlier. |
Votorantim sees Natal plant completion in February 201202 August 2010, Published under Cement NewsWith the Brazilian region of Natal and surrounding states expected to see cement demand intensifying over the coming years, Votorantim expects its new cement plant which is being constructed in the area to start grinding operations in February 2011. The plant is being built in the city of Baraúna the municipality which lies 317km from Natal at a cost of US$350m. The new works will have a capacity of 1.3Mta. When grinding operations begin in February next year, the plant will be able to pro... |
Adani imports coal for three Indian producers02 August 2010, Published under Cement NewsAdani Enterprises Ltd., India’s biggest coal importer, plans to import 400,000t of the fuel from South Africa for three major Indian cement producers. Adani, based in Ahmedabad, will import the coal by the end of this year, an unnamed source said. The coal will be sourced as part of orders for 200,000t from ACC and 100,000t each from Grasim Industries Ltd’s cement unit and Jaypee Cement Ltd, he said. India is increasing imports of coal as it tries to meet rising demand in an economy that... |
European producers first-half performance weak01 August 2010, Published under Cement NewsEuropean cement makers posted weak or opaque outlooks on Friday, adding to investor concern about the patchy recovery in global construction markets. A lower outlook from Lafarge and a vague one from HeidelbergCement was followed by No. 5 producer Italcementi’s forecast for an uneven recovery, all of which weighed on the sector. France’s Lafarge cut its 2010 outlook estimate for demand in its global markets on Friday and posted underwhelming second-quarter results, while HeidelbergCement b... |
New Angolan factories to boost production30 July 2010, Published under Cement NewsAt least six new cement factories will be built in the coming three years in the country, so as to increase the offer of the product in the market. This was said on Wednesday in Lobito District, in the central Benguela Province, by the national director for construction materials, Manuel Victor. The director said so on the fringes of the ceremony of laying the foundation stone for the construction of the cement plant named “Palanca Cimentos” to be based in Hanha locality. Manuel Vic... |
CAW members and St Mary’s approve new agreement, USA30 July 2010, Published under Cement NewsCAW members at St. Marys Cement in Bowmanville, Ontario have ratified a new three-year agreement by 58 per cent, ending a bitter five month strike. "This is a significant achievement for this group of workers to fight off the massive concessions demanded by this employer," said CAW Local 222 President Chris Buckley. "St Marys Cement, now a Votorantim-based company, was looking to eliminate the pension plan, slash wages, drastically reduce benefits and extend the current contract to five ye... |
Lafarge reduces 2010 demand forecasts30 July 2010, Published under Cement NewsLafarge said second-quarter profit fell 15 per cent and pledged to extend costs cuts and asset sales to reduce its debt as it reduced its forecast for demand in 2010. Net income fell to EUR329m from EUR387m a year earlier, the Paris-based company said in a statement today. “Based on second quarter activity, we have lowered our full-year volume estimates for western and eastern Europe and increased our volume estimates for North America,” Lafarge said in the statement. The company said it... |