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MMTC's coal imports expected to drop 25 April 2011 in 2011-12. ┬á (CW Group) MMTC Ltd, announced that it expects its coal imports to tumble by 33 percent in the current financial year reports Business Standard. ┬á The company says the drop is due to a lower import order by India's largest power... Type: Article Category: Markets & trade Italcementi compensates Egyptian traders 24 April 2011 temporary closures led to distribution problems, resulting in order backlogs and unpaid advances, adding to the dealers financial burdens. The report did not mention the payment date or the compensation scheme.[/PAID] Copyright CW Group. All rights... Type: Article Category: People US cement consumption remains sluggish 21 April 2011 States were at 3.55 mm tons in February, markedly lower than the 8 mm tons it recorded at its peak in 2006 before the financial crisis hit, a report from El Semenario said. ┬á According to the report, in February this year the portland cement shipments... Type: Article Category: Volume & Pricing Malabar Cements posts record profits 21 April 2011 capacity utilization of 138.5%. ┬á (CW Group) Malabar Cement says its profits rose to a record f Rs.51.23 crore during the financial year 2010-11 as against Rs.30.31 crore last year, as its capacity utilization also posted record growth, a report from... Type: Article Category: Financial Dangote seeks 75% of Nigerian cement market 20 April 2011 and the nation's investment community recently, Jagat Rathee, chief executive of the company, while highlighting its 2010 financial performance, regretted the delay in completion of its Greenfield plant at Ibese. The delay was blamed on changes to key... Type: Article Category: Markets & Competition Indian cement sales growth slows in FY11 20 April 2011 to a report from the Business Standard, manufacturers have failed to match their expectation of 9-10 per cent growth in financial year 2010-2011, and is the first time since the industry entered its boom time during mid-2005 that cement makersÔÇÖ high... Type: Article Category: Volume & Pricing Al Jouf Cement to hike output 20 April 2011 5,000 tons depending on the demand in the foreign markets. Al-Jouf Cement Company announced has announced its preliminary financial results for the period ended 03/31/2011 (three months) with net profit of 28.23 million riyals, compared with a loss... Type: Article Category: Volume & Pricing Al Jouf Cement to hike output 20 April 2011 5,000 tons depending on the demand in the foreign markets. Al-Jouf Cement Company announced has announced its preliminary financial results for the period ended 03/31/2011 (three months) with net profit of 28.23 million riyals, compared with a loss... Type: Article Category: Markets & trade Soboce appeals decision freezing accounts 19 April 2011 to reverse that decision and was not finally made ÔÇïÔÇïthat decision from the ASFI (Authority Control Authority of the Financial System). Is an arbitrary and abusive threatening production, "said company general manager Armando Gumucio. On Friday,... Type: Article Category: Mergers & Acquisitions Trinidad Cement needs more time to complete financials 19 April 2011 Firm asks for an extension in the 90-day limit for submission of its financial reports. (CW Group) Trinidad Cement Ltd (TCL) has asked the T&T Stock Exchange for an extension in the 90-day limit for submission of its financial reports, noting that it... Type: Article Category: Financial INC halts cement sales in Paraguay 18 April 2011 it is sold to, "he said. "If I said we will deliver the 400,000 bags, we must, and until I can fix that, there will be a financial disaster. I do not want is that they (distributors) sell to the companies themselves, or a single department, "he... Type: Article Category: Markets & Competition Saudi to issue up to 7 new cement, limestone mining licenses 18 April 2011 on 7 new licenses. The undersecretary of the ministry that it will soon qualify for the invitation to get close to the financial proposals, which include a number of conditions, including profits from the achievement of these quarries and factories... Type: Article Category: Markets & Competition Bolivia: Court freezes Soboce assets 18 April 2011 harassment from the government of Sucre. (CW Group) A judge in Sucre has frozen the assets of cement maker Soboce in the financial markets, an act the company calls as pure harassment on the part of the government, a report from Los Tiempos said.... Type: Article Category: Mergers & Acquisitions Citadel Capital denies it bought Helwan 'undervalued' 17 April 2011 the [former] government and perceiving it as negative," said Mostafa Abdel Aziz, the head of regional trading at Beltone Financial in Cairo. "Investors are now worried that if there are hidden cases with this company, it applies to other companies." The... Type: Article Category: Mergers & Acquisitions Turkey: Sabanci looking for acquisitions 14 April 2011 Akcansa, its joint venture with Germany's HeidelbergCement, and Cimsa. Sabanci Holding is a leading Turkish industrial and financial conglomerate, the report said. The group is looking at North Africa, the Middle East, the Caucasus, the Balkans and Iraq... Type: Article Category: Mergers & Acquisitions Cemex expects $400 mm in savings from re-organization 13 April 2011 in Reforma newspaper. The company said on Monday that senior executive Fernando Gonzalez will take on the role of chief financial officer. The executive, who as Cemex's vice president of planning and finance already handled top financial decisions in... Type: Article Category: Financial Malaysia: RAM re-affirms rating for Lafarge Malayan Cement 13 April 2011 the flexibility to shift excess production to a larger market overseas, the report said. "The Group maintained a strong financial profile in fiscal 2010, as reflected by its healthy margin on operating profit before depreciation, interest and tax of... Type: Article Category: Financial Kuwait: Lower dispatches for Portland Cement 12 April 2011 3.5 million dinars, bringing total investment income to 15.3 million dinars. According to the Chairman, while the global financial recession continues to affect operations and sales, stability has also been observed in some quarters, though not... Type: Article Category: Volume & Pricing Kuwait: Lower dispatches for Portland Cement 12 April 2011 3.5 million dinars, bringing total investment income to 15.3 million dinars. According to the Chairman, while the global financial recession continues to affect operations and sales, stability has also been observed in some quarters, though not... Type: Article Category: Shipping & logistics Cemex announces changes to senior level organization 12 April 2011 is named as executive vice president of finance and administration, and will also directly assume the role of Chief Financial Officer. The company also appointed Juan Pablo San Agustin as executive vice president for strategic planning and business... 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