Cement News tagged: International
Ukraine producer widens net loss
HeidelbergCement Ukraine, the local unit of HeidelbergCement AG, saw its net loss expand to UAH425.4m (EUR18.5m) in 2014 from UAH99m the previous year, the plant said in a statement seen by news agency Ukrainian News on Tuesday. As of 2014, Dnipropetrovsk-based HeidelbergCement Ukraine had two cement production facilities, four ready-mixed concrete plants, five cement terminals, two aggregat...
Germany: 2014 cement edges ahead
Cement consumption in Germany rose by 2.2 per cent YoY in 2014 to 27.1Mt, according to data German Cement Works Association (VDZ), which also predicts further growth in 2015. "Significant catch-up effects from 2013 and mild weather really bolstered cement consumption, particularly in the first quarter of 2014," said Gerhard Hirth, President of VDZ. However, the generally reserved economic cli...
Polish monthly production rises 16.1% YoY
Cement production in Poland rose by 16.1 per cent to 720,4000t in February, while sales fell by 2.3 per cent to 722,300t, according to the Polish Association of Cement Producers (SPC). For the first two months of this year, production grew 8.6 per cent to 1.24Mt, while sales increased 5.3 per cent to 1.36Mt. Last year, Polish cement consumption increased by 6.6 per cent in 2014 to 15.59Mt,...
Challenging year in store for Holcim Indonesia?
Holcim Indonesia will be challenged by tighter competition and high debt levels that could spike costs this year, according to a report by Bahana Securities has said after the cement producer announced 30 per cent lower profits last year. Indonesia's third-largest cement producer saw its net profit plunge to IDR668.35bn (US$50.69m) in 2014 from IDR952.11bn in 2013, as costs soared, despite a...
Jaipur plant proposals, India
Five new cement plants will be set up in Jaipur, the largest city of the northern Indian state of Rajasthan, with a total production capacity of around 3Mta. The mines department has issued a letter of intent (LOI) to the firms and submitted the application for approval from the Union government. Three LOI have been given for blocks at Chittorgarh while two are issued for the blocks in Jais...
Holcim says does not comment on shareholder reactions to merger terms
Holcim said on Monday it would not comment on press reports about shareholder reactions to the terms of its planned merger with Lafarge. "The board of Holcim has taken note of press statements about shareholder reactions relating to the commercial terms of the combination," Holcim said in a statement. The company added that any transaction will have to be approved by two-thirds of Holcim's s...
Titan Egypt's profits decline, but Greece and the USA recover
Titan's turnover improved by 2.7 per cent in 2014 to EUR1158.4m but the EBITDA emerged 2.6 per cent lower at EUR181.6m. Following an 8.5 per cent reduction in the depreciation charge, the trading profit advanced by 7.0 per cent to EUR76.6m. The net financial charge increased by 6.2 per cent to EUR65.7m and there was a EUR31.1m foreign exchange gain compared with a loss of EUR18.4m in the pr...
Bamburi Cement pretax profit grows by 5.5%
Bamburi Cement of Kenya yesterday announced a 5.5 per cent increase in pretax profit from KES5.5bn (US$1.8bn) to KES5.8bn in its full-year results for 2014. Group’s turnover increased by six per cent from KES34bn in 2013 to KES36bn mainly as a result of improved market conditions in Uganda, which is expected to continue into 2015. Commenting on the company’s results, the board stated: “We ...
Pakistan shipments advance over first eight months
Total cement shipments over the first eight months of the current Pakistan fiscal (July-February 2015) rose eight per cent YoY, according to data by the All Pakistan Cement Manufacturers’ Association. The advance was led by domestic sales which climbed 11 per cent YoY to reach 17.4Mt. Exports, however, declined one per cent to 5.12Mt over the same timeframe, with contrasting results in the nor...
Yanbu Cement Co signs contract for WHR plant
Yanbu Cement Company (YCC), one of Saudi Arabia’s leading cement companies and a major player in the western region of the kingdom, has signed a contract for the establishment of a 34MW waste heat recovery (WHR) power plant at its cement plant located north of Yanbu town. Sinoma Energy Conservation Ltd of China will set up the WHR plant at a cost of US$61.8m. The agreement was signed in YCC's ...
SCG Indonesia on course to launch operations in 3Q15
SCG Indonesia, part of SCG Cement is set to launch operations of its first cement plant in Indonesia during the third quarter of the year. The US$356m cement plant, situated in Sukabumi, West Java, is slated to produce as much as 1.8Mta, SCG Indonesia country director Nantapong Chantrakul told reporters in Jakarta on Tuesday. The plant’s products, all of which will be sold locally, will enab...
Lafarge told to suspend operations in Slovenia over enviro permits
Slovenian producer Lafarge Cement said on Wednesday that the country’s environment inspectorate has ordered the plant to suspend operations for lacking environmental permits. The inspectorate acted following a recent decision of the European Commission to refer Slovenia to the European Court of Justice for failing to issue an industrial permit to a major cement factory. The Commission is als...
Semen Indonesia targets higher 2015 revenue and profit
Semen Indonesia is targeting a 2015 profit of IDR5.93trn (US$456m), up from IDR5.56trn in 2014, the Kontan newspaper reported, quoting Ahyanizzaman, Semen Indonesia's finance director. The country’s largest cement maker, according to its recently published financial result, saw its 2014 net profit up slightly by 3.53 per cent from IDR 5.37trn (US$413.43m) in 2013. Semen Indonesia investor re...
Iran 11-month export update
Iran exported 17.5Mt of cement and clinker in the first 11 months of the current Iranian fiscal year (21 March 2014-19 February 2015), according to the industry's association. Secretary of Iran's Cement Industry Employers Association, Abdolreza Sheikhan said that 61Mt of cement and 64Mt of clinker were produced in the mentioned period, Iran’s ILNA news agency reported earlier this week. ...
Tunisia: Bizerte cuts cement price
Ciment de Bizerte is lowering its whole-sale cement price from MAD149.9/t to MAD147.9/t for bagged cement while bulk cement will cost MAD127.4/t to MAD130.4/t. Earlier Carthage Cement had announced a drop in its prices. Ciment de Bizerte forecasts a production of 1Mt in 2015 as the producer noted it was running at full capacity since the start of the year after the renovation of one of its ki...
Vietnam monthly sales remain flat
Vietnam’s cement sales remained flat at 5.87Mt in January compared to the month before, the Ministry of Construction said on its website Tuesday. Of the sum, 4.37Mt were sold in the domestic market, while 1.5Mt were exported. The ministry predicted Vietnam's sales of cement and clinker to rise 1.5-4 per cent YoY to between 72-74Mt in 2015, of which domestic sales will rise 4.5-6.5 per cent to...