Cement News tagged: International
Indocement sees volumes rising 6% YoY
PT Indocement Tunggal Prakarsa expects volumes to grow six per cent this year, reported Kontan, citing CEO, Christian Kartawijaya. The HeidelbergCement group reported cement sales of 18.8Mt in 2014, up three per cent YoY, thanks to increased capacity. The company said it will spend IDR5trn (US$391m) on capital expenditure this year. The 14th line at its Citeureup plant in West Java is ex...
Indonesia's January sales decline
Indonesian cement sales fell by 2.9 per cent YoY to 4.5Mt in January 2015, as heavy rains affected construction activity in several areas. Most region of the country registered a drop in demand during the month. Widodo Santoso, head of the Indonesia Cement Association (ASI), said that the largest declines were recorded in Kalimantan (-12.9 per cent) and Sumatra (-9.6 per cent). Sales on the...
Binani reportedly in talks to sell Rajasthan grinding unit
Binani Cement is in discussions to sell its 1.2Mta grinding unit at Neem Ka Thana, Rajasthan, to reduce debt. The company is looking for prospective buyers and is hoping to complete the sale after March, a source told Cogenis news. UltraTech Cement is said to be among the parties interested in the acquisition. Binani Cement expected to raise INR4bn (US$64.2m) through the sale of the norther...
Kuwait Portland Cement posts 5.2% rise in annual profit
Kuwait Portland Cement said Tuesday its net profit stood at KWD8.26m (US$27.9m) for 2014, up 5.2 per cent from the KWD7.85m recorded in 2013. Earnings per share increased to 90.89 fils from 86.37 fils. The company said total assets rose to KWD88.9m at end-2014 from KWD74m a year earlier. The board of directors proposed a 70 per cent cash dividend for 2014, equal to 70 fils per share,...
TPCC refutes plant closure reports, Tanzania
Tanzania Portland Cement Company (TPCC) has refuted reports of closing down its operations due to environmental concerns as "false and overly exaggerated". Alfonso Rodriguez, TPCC managing director told the Daily News on Wednesday that: "We are not closed, the operations are going on as usual at TPCC." Last week, the cement producer was reportedly ordered to close down operations by the N...
Australia: Boral swings to profit
Boral Ltd today reported a 23 per cent increase in profit after tax (before significant items) to $112m in the six months to the end of December 2014. After significant items, net profit was $104.5m, compared to a loss of $26.3m in the first half of the 2014 financial year. But turnover for the six months to the end of December declined by 20.5 per cent to AUD22285m (€1561m), largely reflect...
Martin Marietta Materials boosted by Texas Industries
Martin Marietta Materials, including Texas Industries from mid-2014, saw turnover increase by 34.2 per cent in 2014 to US$2958m and the EBITDA of US$631.2m was 59.9 per cent higher than the figure shown a year ago. The trading profit rose by 44.4 per cent to US$314.9m while the net attributable profit it improved by 12.8 per cent to US$155.6m. Aggregates Martin Marietta's aggregates prod...
Cemex may sell parts of business to pay down debt
Cemex could sell part of its business in northern Europe, the Mediterranean and Asia as it seeks to pay down debt, the company’s CEO told Reuters on Tuesday. Fernando Gonzalez said the firm could also sell 5-10 per cent of its subsidiary Cemex Latam Holdings, and set aside half of its earnings from asset sales to lower its debt burden. In addition to streamlining the asset portfolio and cutt...
ACC resumes Chaibasa mining operations, India
ACC has resumed limestone mining operations at the captive mines of its Chaibasa cement plant in Jharkhand in eastern India, the company informed the exchanges. The Holcim group company had suspended mining activities temporarily in October at its plants in Chaibasa in Jharkhand and Bargarh in Odisha follwing a Supreme Court order. However, ACC resumed its operations after the government pro...
Argentina: January domestic sales up 2% YoY
The Argentine cement market expanded by four per cent MoM and 1.9 per cent YoY as domestic sales reached 927,510t in January 2015, according to the latest figures released by AFCP, the country’s cement association. Imports increased from 163t to 227t. However, exports in January fell by 21.9 per cent when compared with January 2014 to 16,705t and by 27 per cent in comparison with December 2...
Ciment Catalá: Catalan cement demand up 5% in 2015
The Catalan cement association, Ciment Català, forecast Catalan cement consumption to rise by five per cent, the first increase after seven years of continuous falls. Ciment Català’s president, Angel Cercós, said 2014 would prove to be another “bad year” for the sector as consumption is estimated to have fallen “between nine and 10 per cent” with demand barely reaching 1.31Mt – far below t...
Polish monthly sales rise
Polish cement sales rose by 15.4 per cent YoY in January 2015 to 638,500t, according to the country’s cement association, Stowarzyszenie Producentów Cementu (SPC). Production during the first month of the year, however, declined by 0.1 per cent to 520,000t, the data shows. Last year, domestic production increased by 6.8 per cent YoY to 15.4Mt, with sales during the period rising by 6.6 per...
Mangalam Cement gets grinding go-ahead
Mangalam Cement’s board of directors have approved the construction of a new grinding plant in the northern Indian state of Uttar Pradesh. The company informed the Bombay Stock Exchange that at a meeting on 9 February 2015, the board gave the green light to a 0.5Mta facility to be set up in Aligarh.
10th Cemtech MEA opens in Dubai
Cemtech Middle East & Africa 2015 opened at the Grand Hyatt Dubai, UAE, today with over 270 participants for a two-day conference covering the worldwide cement industry and manufacturing technology. The 10th Cemtech Middle East & Africa conference opens before an international audience of 270 cement sector professionals Opening the meeting, Thomas Armstrong, managing editor of...
Italcementi saw weaker French and Italian volumes in 2014
Italcementi's turnover declined by 1.8 per cent in 2014 to EUR4155.6m, or by 0.7 per cent on a comparable basis. Group cement shipments edged ahead by 0.6 per cent to 43.4Mt and the turnover from cement and clinker was ahead by 1.0 per cent to EUR2742.9m, with cement volumes improving everywhere but in Europe. The concrete and aggregates turnover declined by 6.9 per cent to EUR1162.5m as s...
Raysut full-year profit dips, Oman
Raysut Cement reported full-year net profit of OMR27.42m (US$71.22m), 0.4 per cent lower than the OMR27.52m posted in the previous year. Revenue rose 1.1 per cent to OMR94,29m from OMR93.29m, according to a company filing with the Muscat Securities Market on Thursday. A research note by Gulf Baader Capital Markets (GBCM) said the company’s revenue was in line with estimates but earnings ...