Cement News tagged under: international
Birla Corp 1Q net profit drops, raises Satna capacity22 July 2010, Published under Cement NewsIndian cement maker Birla Corp. Wednesday said its first-quarter net profit fell 24%, as raw material costs jumped. Net profit for the quarter ended June 30 slipped to INR1.18 billion from INR1.55 billion a year earlier, the company said in a statement to the Bombay Stock Exchange. Sales rose 17% to INR5.75bn from INR4.90bn. Total costs increased 29% to INR4.24bn, with raw material costs surging 84% to INR1.12bn, the statement added. Meanwhile, the company announced that it has success... |
Tangshan Jidong Cement to target North China market22 July 2010, Published under Cement NewsTangshan Jidong Cement Co Ltd has announced plans to inject a total of CNY 700m into seven subsidiaries to expand its market in North China. One of the seven firms is preparing to build a cement production line that is designed to produce 2500tpd, and the remaining six firms will each have an output of 4500tpd of cement. In addition, the Shenzhen-listed firm has received approval from board of directors to issue 135 million new shares for RMB 14.21 apiece or RMB1.92bn in total. After the p... |
Cement body appoints Lafarge CEO as chair, South Africa22 July 2010, Published under Cement NewsThe Association of Cementitious Material Professionals (ACMP) said on Thursday that it had appointed Lafarge Cement South Africa CEO Thierry Legrand as its new chairperson. The ACMP said in a media statement that it welcomed Legrand as its chairperson for the next two years, and thanked the outgoing chairperson AfriSam CEO Dr Stephan Olivier for his leadership over the past two years. Legrand has been with Lafarge for the past 18 years, first joining the company in France for 13 years, f... |
Turkish cement sector faces energy cost hit22 July 2010, Published under Cement NewsTurkey’s cement sector growth could hit double-digits this year on domestic demand, although higher energy prices will likely sap profits, Turkey’s Cement Manufacturers’ Association (TCMA) said. Chairman Adnan Ignebekcili told Reuters the industry association expected growth of 8-10 per cent to would feed into higher revenues, although profits would lag 2009. "Revenues will rise slightly as prices increase, but costs will increase by a larger amount. Import coal and petrocoke prices have ... |
Namibia: Ohorongo Cement plant on track22 July 2010, Published under Cement NewsConstruction of Ohorongo Cement Namibia’s (OHN) new cement plant near Otavi, Nambia is well on track, according to company officials. Preliminary production is expected to start in December and the plant is expected to be operational by January 2011. The official inauguration is planned for February 2011, when President of Nambia, Hifikepunye Pohamba, will commission the plant. The plant will produce approximately 700,000tpa of cement once fully operational. Around 300,000t will serve t... |
Ambuja Cement 2Q net up by 20.5%, India22 July 2010, Published under Cement NewsBuoyed by increased sales, Ambuja cement today reported a 20.5 per cent increase in its net profit to INR391 crore for the quarter ended June 30, 2010. The company had reported a net profit of INR325 crore for the quarter ended June 30, 2009, it said in a statement. During the quarter under review, net sales rose by 10.8 per cent to INR2048 crore against INR1847 crore in the year-ago period. The company said that cement production for the second quarter of the current fiscal rose by 12.7... |
Dominican Republic spends more on power generation22 July 2010, Published under Cement NewsThe need for reliable power supply, has forced more and more companies in the Dominican Republic to make significant investments to generate their own power and ensure stability in the supply of this vital input for their production processes. An example of this is the cement industry that has decided to invest over US$100m in building its own generating plants, reports the Association of Dominican Republic cement producers, Adocem. The production process of the cement industry requires, n... |
Eagle Materials 1Q profit declines22 July 2010, Published under Cement NewsTexas-based cement manufacturer Eagle Materials Inc posted first quarter net income of US$10.5m or US$0.24 per share, compared to US$12.0m or US$0.27 per share in the same quarter last year. Revenues for the first quarter were $130.8 million, compared to $127.8 million in the preceding year period. The company said the rise in revenue from the prior year is due primarily to higher sales volumes across all of the company’s major businesses. Operating earnings from cement for the first q... |
Fire breaks out at St Mary’s cement, USA22 July 2010, Published under Cement NewsThe fire department was called to the blaze at St Marys Cement’s Bowmanville plant on Thursday, July 22 around 9 a.m when a fire broke out on top of a 200ft silo. Fire Chief Gordon Weir said it was not a big fire, but the height of the structure was challenging. There are no water hookups at the top of the silo to extinguish the fire. Firefighters had to haul numerous extinguishers up the elevator and carry them from one silo across the catwalk to the other silo to battle the flames. Eve... |
Shiva Cement awarded Certificate of Merit, India21 July 2010, Published under Cement NewsShiva Cement Ltd has announced that the company have received a "Certificate of Merit" awarded by ’Dalal Street Investment Journal’ for ranking among India’s top 400 small cap company in the year 2010. In the previous years 2008 & 2009, the Company was also included in the list of top 1000 company in the country by ’Business Today’. |