Cement News tagged under: international
Earnings outlook: ACC quarter net seen down21 July 2010, Published under Cement NewsLower net realisations and despatches in Apr-Jun are likely to pull India’s leading cement maker ACC Ltd’s net profit down 23% from a year ago to INR3 .72bn rupees, a NewsWire18 poll of 11 brokerages showed. Net sales during the period is seen falling 2% to INR20.49bn. Sequentially, net profit and net sales for Apr-Jun are likely to decline 8% and 3%, respectively. Net sales is seen falling due to the 1.3% YoY decline in despatches to 5.35Mt owing to capacity constraints faced by... |
PPC Zimbabwe warns public to resist high prices21 July 2010, Published under Cement NewsPPC Zimbabwe has urged customers to resist high prices triggered by a shortage of cement on the market, saying it expected a glut of the product soon once its Bulawayo-based plant is commissioned. Dealers had hiked prices of cement, particularly for the Portland cement brands whose availability has been affected by a delay in the re-commissioning of PPC Zimbabwe’s Bulawayo plant. The company, a Zimbabwe Stock Exchange-listed subsidiary of South Africa’s Pretoria Portland Cement (PPC), was ... |
Vietnam: cement export regulations build solid foundations21 July 2010, Published under Cement NewsAccording to Nguyen Van Thien, Chair of the Vietnam Cement Association, total cement output for 2010 will reach 55Mt, while design capacity is 70Mt, and total consumption will be 50Mt. In theory, Vietnam’s supply should be profuse, but the southern market will lack around 3.5-4Mt. Thien explained that companies really want to bring concrete southward but there is no place to gather the products, no transit ports, and ships are difficult to charter. Southern enterprises always want prompt d... |
China partners Sokoto on cement factory, Nigeria21 July 2010, Published under Cement NewsSokoto State Governor, Alhaji Aliyu Wamakko, has revealed plans by the state government in collaboration with the Chinese government to establish a cement factory in the state. Alhaji Wamako who made the disclosure at a dinner organised by the Nigeria-China Business Council in Abuja to honour the outgoing Chinese Ambassador to Nigeria, Mr. Xu Jianguo, said that the state is embarking on the project to boost its economic potentials and create jobs for the people. He said, “We have put in ... |
Texas Industries posts narrower-than-expected 4Q loss21 July 2010, Published under Cement NewsCement maker Texas Industries Inc posted a narrower-than-expected quarterly loss, helped by higher shipments of cement and consumer products. For the fourth quarter, the company posted a loss of $9.8 million, or 35 cents a share, compared with a loss of $42.4 million, or $1.53 a share, a year ago. Excluding items, the loss was 25 cents a share, according to Thomson Reuters I/B/E/S. Sales fell 6 percent to $49.3 million. Analysts on average had expected a loss of 33 cents a share, befor... |
Bolivian production increases 15 per cent21 July 2010, Published under Cement NewsBolivia increased cement production by 15 per cent in the first half of this year compared to the same period of 2009, reported an official source. The general manager of the Bolivian Institute of Cement and Concrete, Marcelo Alfaro, noted that the increase in production adds stability in prices, almost unchanged in recent years. However, he noted that imports of other building products such as steel and asphalt saw their prices rise in the domestic market. |
Votorantim transfers units to Lafarge, Brazil21 July 2010, Published under Cement NewsLafarge has assumed the complete takeover of cement operations transferred by the Votorantim group as payment for a 17.28% stake in Cimpor. In the wake of that agreement, reached in early February, Lafarge acquired a factory in Caaporã (CP) and two grinding stations: one in Candeias (BA) and another in Cocalzinho (GO). The deal – which also included three distribution centers in those regions – has enabled Lafarge to climb from sixth to third position in the Brazilian cement sector. Acco... |
Shiva Cement net increases20 July 2010, Published under Cement NewsShiva Cement reported a significant rise in standalone net profit for the quarter ended June 2010. During the quarter, the profit of the company rose 2.50 times to INR14.20m from INR5.69m in the same quarter previous year. Net sales for the quarter for the quarter rose 27.01% to Rs 140.49 million, while total income for the quarter rose 27.10% to Rs 141.72 million, when compared with the prior year period. |
Angola’s largest import in 2009 was cement20 July 2010, Published under Cement NewsThe list of the 100 products most imported by Angola in 2009 was topped by cement, which accounted for 20.94 percent of all the country’s imports, according to figures from the National Freight Council (CNC) cited by weekly newspaper Semanário Angolense. After cement, of which 10.5Mt were imported, granite and other stones for construction were the next product on the list (2.46 per cent), ivory and other animal products for carving (2.25 per cent), malt beer (2.19 per cent) and cane and be... |
Lower demand, prices to hurt Indian producers quartery profit20 July 2010, Published under Cement NewsThree of India’s top four cement manufacturers will likely report a fall in April-June net profit, hurt by lower demand and a decline in product prices. Barring Ambuja Cements, which is projected to show growth, peers such as Ultratech Cement Ltd, ACC Ltd. and Grasim Industries Ltd. are likely to be hit by falling sales. But Grasim’s drop may be limited by higher sales of its viscose staple fiber textile business. Indian cement prices on average dropped by INR7-INR8 for every 50 kilogram b... |