Cement News tagged under: international
Raysut first-half profit falls 21%, Oman14 July 2010, Published under Cement NewsRaysut Cement, the Sultanate’s largest cement manufacturer, registered a 21 per cent decline in profit before tax for the six-month period ended June 30, 2010. Profit before tax decreased to OMR3.65m this year, from OMR17.30m during the corresponding period of last year. Mohammed bin Alawi Ali Muqaibal, Chairman of the Board of Directors, attributed the decline in profit to competition from overseas suppliers a trend that began in the second half of last year. Also contributing to lowe... |
Ninth Malaysian Plan to boost cement demand14 July 2010, Published under Cement NewsMalaysian cement producers are looking forward to a brighter second half in 2010 in anticipation of the roll-out of much delayed projects under the Ninth Malaysia Plan (9MP). These may include the Light Rail Transit (LRT) extension and Low-Cost Carrier Terminal (LCCT) project, said ECM Libra Capital Sdn Bhd. " Although these projects are gaining traction, it did not appear likely that they would lend a hand in boosting demand significantly in the remainder of the year," it said in a secto... |
Cemex Philippines addresses affordable housing issues13 July 2010, Published under Cement NewsCemex in the Philippines has strengthened its commitment to address the need for quality and affordable housing by signing a new partnership with the Subdivision and Housing Developers Association (SHDA). As per the agreement, Cemex will provide cement for the SHDA’s socialized housing programs, which provide housing for low-income Filipinos. The SHDA is the country’s largest national organisation of private subdivision and housing developers. The organization works alongside the government... |
Trading on Saudi Yanbu Cement suspended after fire13 July 2010, Published under Cement NewsThe Saudi bourse regulator on Monday suspended trading on Yanbu Cement Co after a fire erupted at one of its production lines. "The other production lines are operating at full capacity and the plant’s sales are not going to be halted. Both the production and the plant are totally insured," Yanbu said in a statement. The fire erupted at a boiler after a technical glitch, said Yanbu Cement, the fifth biggest cement producer in the kingdom. Yanbu Cement sales won’t be impacted after fire on... |
Cilacap students awarded financial support from Holcim13 July 2010, Published under Cement NewsHundreds of disadvantaged students will receive scholarships and financial support from Holcim Indonesia, says a representative of the cement company. The 456 students come from all educational levels, from elementary to senior high school. The amount of aid to be given each recipient was not specified but a representative said aid packages were intended to cover all costs for one year of study. "We are channeling the aid to schools. Recipients may get another aid package next year dependi... |
Coal price trouble cement firms, India13 July 2010, Published under Cement NewsA section of cement manufacturers has asked the government to bring parity in coal prices. Some of the older players enjoy the advantage of assured coal linkage from Coal India Limited (CIL), while about 55 per cent buy it through the e-auction route. CIL offers coal at Rs 800/t under assured linkage, while others pay Rs1500/t in e-auctions. The industry had proposed that CIL should distribute its cheap coal among all players on a pro rata basis according to their production. Alterna... |
Vietnam cement prices expected to remain stable13 July 2010, Published under Cement NewsVietnam’s Ministry of Industry and Trade’s Domestic Market Management Bureau has predicted cement prices in Vietnam will remain stable in the third quarter of this year when the rainy season starts. The domestic cement sales and output will fall slightly during the rainy season, the bureau was quoted by the state-run Vietnam New Agency as saying late Monday. Retail cement prices are now offered at VND950,000-VND1.15m/t in the north and VND1.1m and VND1.4m in the south. |
Saudi cement sales up 12.3% in 2Q13 July 2010, Published under Cement NewsSales by 12 Saudi cement firms rose 12.3 percent during the second quarter but the listed manufacturers are not doing as well as non-listed rivals, according to data released by Yamama Cement on Monday. Saudi Cement Co posted the strongest sales growth among listed firms with a 27.1 per cent rise in the second quarter while Arabian Cement’s sales grew eight per cent, according to the data released by Yamama. Yamama’s sales rose two per cent while Southern Province Cement achieved a 1.3 per... |
Ireland rate of decline in construction eases13 July 2010, Published under Cement NewsIrish construction shrank at the slowest pace in almost three years in June as the economy stabilised after the recession, according to an index that tracks the industry. The Construction Purchasing Managers’ Index rose to 44.9 in June from 40 the previous month, Ulster Bank said in a monthly report released today. The index has been below 50, which indicates contraction, for 37 months. New construction orders fell the least since August 2007, while builders remained “strongly optimistic... |
L&T Finance buys 50.56% in Panyam Cement, India13 July 2010, Published under Cement NewsL&T Finance, a subsidiary of Larsen and Toubro, acquired 8.10 million equity shares of the company from seven promoters of Panyam Cements on July 7, according to statement filed to the stock exchange. Panyam Cements currently has a 1Mta cement plant at Nandyal in the Kurnool district of Andhra Pradesh. |