Cement News tagged: Corporate
Shree Cement commissions grinding unit
Shree Cement has commissioned a new grinding unit in Sri Ganganagar, Rajasthan. The new facility has a capacity of 3.6Mta. In the 3Q17 the company reported a net profit increase of 41.6 per cent YoY to INR3.33bn (US$52.1m) and 23.1 per cent growth in net sales to INR22.96bn.
Cemex conducting pilot tests for Magdalena river transport
To improve its operational efficiency, Cemex has started running pilot tests to transport cement via the Magdalena River in Colombia. Cement is transported from central Colombia to the Caribbean region during these trials. On the first trip, some 950t were transported from the main plant at Caracolito to Sociedad Portuaria de Barranquilla. The river journey took six days with the entire trip...
Adelaide Brighton reports equipment issues
Adelaide Brighton Cement has reported issues with manufacturing equipment at its Birkenhead plant. Large plumes of dust were spotted leaving the chimney of the facility last Sunday, according to Westside Weekly. "I could see the plume rising into the air and spreading over residential areas from 10km away," said Tony Bazeley, member of the Port Adelaide Residents Environment Protection Grou...
Prism Cement posts increase in net profits
Prism Cement has posted its results for the quarter ended 31 December 2017. The company reached a net profit of INR148.5m (US$2.31m), compared to a loss of INR470m in the year-ago period. The total net sales of the company advanced to INR12.96bn from INR12.34bn, according to Reuters.
Martin Marietta Materials’ improves prices in spite of some weak markets
Martin Marietta Materials saw turnover advance by 3.8 per cent in 2017 to US$3965.6m and EBITDA was 3.4 per cent ahead at US$1004.4m, with the final quarter showing a 14.2 per cent advance. The trading profit improved by 3.4 per cent to US$700.4m while interest charge increased by 12 per cent 91.5m, giving a pretax profit two per cent ahead at US$618.9m. Thanks to a tax credit, the net attribu...
Siam Cement record revenue increase in 2017
Siam Cement has released its financial results for the full-year period ended 31 December 2017. Revenue reached THB450.9bn (US$14.34bn), an YoY increase of six per cent from THB423.4bn. Net profit fell two per cent to THB55bn from THB56bn of 2016, due to weakness in the domestic cement and building materials operations. However, EBITDA advanced four per cent to finish at THB102bn. In the 4Q...
Cementos Chihuahua sees 58% EBITDA hike in 4Q17
Cementos Chihuahua increased its EBITDA by 58.4 per cent YoY in the 4Q17 due to higher cement and concrete sales in Mexico and the USA as well as a 6.2 per cent cement price increase, according to a company statement to the Mexican Stock Exchange. "In the United States, sales increased 29.8 per cent and accounted for 76 per cent of Cementos Chihuahua's consolidated net sales. In Mexico, fou...
INC sales surpass 1m bags in January
Paraguay’s Industria Nacional del Cemento (INC) sold 1,003,000 bags of cement in January, of which 87 per cent was sold from its Villeta plant, according to Derlys Ortiz, the company’s commercial manager. Sales from Vallemí represented 13 per cent, or 133,000 bags. In January 2017 the company sold 1.1m bags and therefore, this year’s first-month sales were down eight per cent. In 2017 I...
Ras Al-Khaimah Cement records net profit increase
Ras Al-Khaimah Cement has recorded a substantial increase in net profit for the full-year period of 2017, reaching AED21.3m (US$5.79m) from AED5.8m a year ago. However, the company also announced a fall in revenue to AED199.2m from AED229.5m of 2016, reports Reuters.
Cementos Pacasmayo records sales volume increase in 4Q17
Peru's Cementos Pacasmayo has announced its consolidated results for the fourth quarter and full-year period ended 31 December 2017. The sales volume of cement, concrete and blocks increased 7.3 per cent YoY in the 4Q17, attributed to growth in the self-construction market and an uptick in public sector spending. Cement EBITDA rose 13.9 per cent to PEN105.5m (US$32.2m), while the EBITDA margin...
Mangalam records 8% revenue increase
India-based Mangalam Cement has submitted its results for the quarter ending December 2017, which feature a 46 per cent YoY decrease in net profit to INR27m (US$420,126) from INR58.5m. However, revenue has increased eight per cent to INR2.92bn from INR2.7bn of the year-ago period. The company has also received approval to construct a 11MW waste heat recovery unit at its plant in Morak, Raja...
Hail Cement and Wärtsilä renew agreement
Hail Cement Co and Wärtsilä have renewed their co-operation for a further three years. Wärtsilä will continue to ensure the operational reliability and availability of the company’s power plant in Turbah, Saudi Arabia. "Wärtsilä has been responsible for the full operation and maintenance of our power plant in Turbah for about six years now. We have been satisfied with their flexibility, qua...
Cementos Argos sees revenues rise, but Colombia challenges income
Argos reported an improvement in its revenues for 4Q17 with stable sales for the full-year 2017. While EBITDA results fell both for 4Q17 and 2017, adjustment for non-recurring severance payments and anticipated pensions took out some of the sting as adjusted EBITDA margins for 4Q17 and 2017 reached 17.8 and 17.3 per cent, respectively. However, positive dynamics in the USA and the Caribbean an...
Boral reports strong 1H performance
Boral's turnover for the six months to the end of December jumped by 40.3 per cent to AUD2937m (EUR1868m/US$2312m), helped by the acquisition of the Headwaters business in North America and by a strong performance from Boral Australia. EBITDA advanced by 50.1 per cent to AUD500m (EUR318m) while the trading profit increased by 49.8 per cent to AUD316m (EUR201m). After a net interest charge ...
Eagle Materials reports 19% YoY rise in sales
Eagle Materials reported a 19 per cent YoY rise in revenues to US$359.4m for the third quarter ended 31 December 2017. Cement revenues in 3QFY17-18, including joint venture and intersegment revenues, totalled US$161.6m, up 17 per cent from the comparable period the previous year. The average net sales price during the quarter was US$106.83/t, reflecting a YoY price increase of six per cent....
Thatta Cement's profit falls
Thatta Cement Co Ltd's (TCCL) financial results for the half year ended 31 December 2017 saw a profit after tax PKR321.66m (US$2.9m), compared to PKR405.79m earned in corresponding period last year – showing a fall of 20.7 per cent in profit on YoY basis. The company's net sales stood at PKR1.73bn compared to PKR1.77bn in 6MFY16. It incurred a distribution cost of PKR35.43m against PKR45....