Cement News tagged: Corporate
Peru’s Unacem swings into profit in 4Q17
Unión Andina de Cementos reported a profit of PEN34.5m (US$10.7m) in the 4Q17. The result, which is a marked improvement when compared with the loss of PEN42.3m in the same period of the previous year, was driven by the progress of public and private works. The Peruvian producer’s billed cement shipments edged up to PEN1789.2m in 4Q17. Cost of sales during the quarter rose to PEN302.8m ...
Qassim Cement sees 38% drop in profit
Saudi Arabia’s Qassim reported a 26.5 per cent YoY fall in sales to SAR626m in 2017 from SAR852m. Net profit fell 37.8 per cent from SAR405.1m in 2016 to SAR251.8m one year later. Qassim Cement runs a single 4.4Mta plant with two kiln lines in Buraydah, central Saudi Arabia. The company had a 7.4 per cent market share in 2016, according to The Global Cement Report, 12th Edition.
Jammu and Kashmir Cements’ Khrew plant shut due to coal shortage
The Khrew plant of Jammu and Kashmir Cements Ltd was shut for nine days as a result of a coal shortage. The shutdown occurred between 14-22 January and is reported to have cost the company at least INR60m (US$ 943,879) . Usually the cement producer stores 1.52Mt of coal, procured on advance payment from Kolkata. However, to meet exigencies and following losses, the company has now p...
Vietnam’s VVMI La Hien profit slips 1% in 2017
VVMI La Hien Cement JSC reported a one per cent YoY decrease in its net profit to VND27.98bn (US$1.23m) in 2017. The company’s revenue fell one per cent YoY to VND649.46bn in 2017. In 4Q17 the Vietnamese cement producer saw a a more than two-fold rise of its net profit to VND18.37bn and a 12.3 per cent increase of its net revenue to VND221.79bn.
Power Cement announces progress of expansion
Power Cement Limited has released a progress report regarding its brownfield project in Nooriabad, for the quarter ending 31 December 2017. The expansion is expected to increase plant capacity by 2.5Mta to 3.4Mta, at an estimated cost of PKR24.9bn (US$224.8m). The company plans to commission the new capacity by the last quarter of FY19, ending 30 June 2019. Power Cement has already provided...
Ecebol Oruro plant ready for trial in September
Empresa Pública Cementos de Bolivia (Ecebol)’s plant in Caracollo, Oruro, is expected to be ready for its trial run in September, according to the country’s Minister of Productive Development and Plural Economy, Eugenio Rojas. "The cement plant of Oruro de Caracollo we will do the test in September, at the end of the year we would be starting to operate or in the last case in 2019,” he said.
Indocement to commission terminal
Indocement Tunggal Prakarsa expects to complete construction of its new cement terminal in Palembang in the first quarter of 2018, according to Indonesia Investments. The terminal will have a 1Mta capacity once the project is commissioned in March. In December 2017, Indocement began production at its 4.4Mta plant in Citeureup, West Java, bringing the company’s total capacity to 25Mta. Howev...
ACC launches new cement
Neeraj Akhoury, CEO, ACC Ltd, launched the company’s new F2R Superfast cement on Tuesday, according to the Business Standard. The product is the latest addition to the F2R range, designed to meet consumer needs and local conditions. It will feature tamper-proof packaging to ensure that the cement retains the best possible quality during its delivery to the customer. "We are very excited w...
Lipetskcement produces 0.684Mt of cement
Lipetskcement, part of the Eurocement Group, produced 684,000t of cement in 2017, representing a rise of 6.8 per cent YoY, and 600,000t of clinker, a YoY increase of 16.1 per cent. Bagged cement output grew by 2.7 per cent YoY to 160,500t. CEM I 42.5N high-quality cement accounted for 478,500t , an increase of 17.5 per cent when compared with 2016. The company’s cement sales advanced by...
Devki Group plans to construct two plants in Kenya
Devki Group plans to construct two new cement plants in Kenya, according to Construction Kenya. The first plant is expected to have a 0.75Mta capacity and be located on a 20ha plot in Mariakani, Kilifi County, while the second will have the same capacity and be situated in Njoro, Nakuru. Each of the two plants are expected to represent an investment of KES3bn (US$29.2m). The proposed facili...
Carthage Cement sees 12% sales drop
Tunisia-based Carthage Cement reported a 12 per cent YoY decline in its revenues to TND172.9m (US$72.2m) when compared with revenues of TND196.1m in 2016. While sales in the domestic market slipped by two per cent YoY to TND125.2m, exports saw an 80 per cent contraction to TND4.4m. Tunisian exports to Algeria, where a rapid capacity build-up has affected imports, have fallen by some 79 per ...
Attock Cement reports net sales increase in 2H17
Attock Cement Pakistan Ltd has announced its financial results for the half-year period ended 31 December 2017. The company’s profit after tax fell 16 per cent YoY, to PKR1.15bn (US$10.38m) from PKR1.37bn seen in the year-ago period. Attock Cement’s net sales increased to PKR7.56bn in the second half of 2017, compared to PKR7.22bn of 2H16. The company also reported a distribution cost of PKR...
Loma Negra to consider LCVs to transport product
Argentine cement producer Loma Negra is currently studying the use of long combination vehicles (LCVs) to reduce logistics costs while transporting more product on the country’s roads. "We do not yet use that kind of transportation. We are analysing the [Executive Power’s] decree to take advantage of the logistic improvements it offers, but LCVs would only be possible in certain corridors, ...
Voronezh Cement increases dispatches by 5%
Eurocement-owned Voronezh Cement saw a five per cent YoY advance in its shipments to customers in 2017. Dispatches rose to 1.8Mt by the end of the year. The company increased its cement output by five per cent to 1.808Mt while its clinker production rose by 10 per cent to 1.717Mt when compared with the company’s production figures in 2016.
Indonesia’s state-owned cement companies to increase efficiency
State-owned cement producers in Indonesia have announced that they will continue with efficiency measures to improve their bottom line amid increasing competition and domestic oversupply. The country’s largest producer, PT Semen Indonesia, will pursue a more efficient production process this year following last year’s fall in profit, said the company’s President Director, Hendi Priyo Santos...
SCG cement revenues up 6%
Thai conglomerate Siam Cement Group (SCG) saw a 14 per cent YoY rise in consolidated sales in 4Q17 to THB113.4bn, as growth in the Packaging business offset a slight decline in the Chemicals division, reports the company. Consolidated EBITDA advanced by seven per cent YoY to THB26.593bn. Revenues from SCG’s Cement-Building Materials in 4Q17 increased six per cent YoY to THB43.372bn due to t...