Cement News tagged: Corporate
Peru: Unacem reports rise in 4Q14 income
Peruvian cement producer Unacem saw revenues increase 13.2 per cent to PEN516.5m (US$167m) in the last quarter of 2014 when compared with 4Q13. EBITDA rose 52.5 per cent thanks to clinker exports and despite higher fuel costs. Net profit increased 179.9 per cent YoY to PEN138.4m. The company’s deliveries advanced 4.4 per cent YoY to 1.504Mt with the domestic market expanding 3.6 per cent ove...
Bestway Cement first-half profit up 5% YoY
Bestway Cement of Pakistan has posted a five per cent rise in half-year net profit to PKR3.94bn compared to PKR3.75bn (US$36.8m) in the comparative period of the previous fiscal . The second quarter (October-December 2014) proved better for the company as it earned PRK2.34bn, up 12.5 per cent YoY. Bestway Cement has three plants in the north of the country (one in Chakwal and two in Hattar)...
Votorantim’s volumes slightly lower but prices improve
Votorantim Industrial generated a turnover 6.9 per cent higher at BRL28,059m (€8660m) while the EBITDA rose by 31.9 per cent to BRL7105m (€2193m). Votorantim Cimentos contributed 46.5 per cent of the turnover and 50 per cent of EBITDA in 2014, with metals being the second largest contributor accounting for 32.9 per cent of turnover and 30.7 per cent of EBITDA, with steel and the mining operat...
China: Lafarge to buy out 45% interest in Lafarge Shui On Cement
Lafarge has signed an agreement to acquire the 45 per cent stake held by SOCAM Development Ltd in Lafarge Shui On Cement, for a consideration of HKD2553m (c€294m) subject to the completion of its merger project with Holcim. With a total cement production capacity of 32Mta in South West China in the provinces of Yunnan, Sichuan, Guizhou and Chongqing, Lafarge Shui On Cement would thus become a...
East African Portland Cement posts pretax loss
East African Portland Cement Co (EAPCC) posted a first-half loss after a maintenance shutdown of its packing and clinker units. The company reported a pretax loss of KES124m (US$1.36m) for the six months to end of December, against a profit of KES171m in the same period in 2013. The firm, which also operates in Uganda, said it hopes to regain its market share in the industry after completing...
Semen Indonesia 2014 net profit rises 3.7% YoY
PT Semen Indonesia Tbk, the country's leading cement producer, posted on Monday a 3.7 per cent rise in 2014 net profit from a year earlier. The company reported net profit of IDR5.57trn (US$429.62m) for the full-year ended December, up from IDR5.37trn a year earlier. (Source: Reuters)
Rodolfo Montero new Holcim México CEO
From 1 March, Rodolfo Montero becomes the new CEO of Holcim México, succeeding Eduardo Kretschmer, who will leave Holcim after 34 years. Mr Montero previously held the position of CEO of Holcim Ecuador, a post for which he was appointed for in 2010. He started work for Holcim in 1990 and has since fulfilled a variety of roles, including business manager for ready mix concrete in Costa Rica, ...
Allied Cement issues profit warning, China
China-based Allied Cement said it expects to record a significant decline in net profit by about 40 per cent for the year ended 31 December 2014 as compared to the audited net profit of around HK$46.2m for the previous financial year. The decline is primarily attributed to the significant increase in finance cost incurred in connection with additional bank and other borrowings drawn by the gr...
CMS earnings boosted by cement division, Malaysia
CMS Bhd earnings rose by 26 per cent to MYR221.34m (US$61m) in the year ending 31 December 2014, from MYR175.07m from a year earlier, boosted by its cement division. Revenue increased by 18 per cent to MYR1.67bn from MYR1.42bn m a year earlier. Pretax profit increased by 16 per cent to MYR341.45m from MYR294.89m. The cement division recorded a pretax profit of MYR120.48m, up 25 per cent co...
Holcim to offer shareholders merger sweetener?
Holcim is considering offering its shareholders a sweetener to win their approval for a planned merger with Lafarge, Reuters reported citing an article in a Swiss newspaper. Analysts have seen a potential divergence in earnings outlooks between the two companies as opening the possibility of a renegotiation of the terms of the deal, which foresees each Lafarge share being swapped for one Holc...
GCC's fourth-quarter sales rise 18% YoY
GCC (Grupo Cementos de Chihuahua) reported a sales increase of 18 per cent in the fourth quarter compared to the same period of 2013, totaling MXN2546.1m (U$$170m), reflecting an increase in both Mexico and the US across all the company's products. In the US, sales rose 17.6 per cent compared to the fourth quarter of 2013 and totaled MXN1735.6m. Cement sales volumes grew five per cent and con...
Ecuador: Holcim inaugurates modernised Guayaquil works
Holcim recently opened Phase II of its Guayaquil, Ecuador, cement works modernisation. The second phase of the Guayaquil modernisation includes the addition of a new raw vertical mill, clay storage building and raw material storage. During the 28-month construction period, the company strived to maintain high industrial safety, promoting safe work sites through 49,000h of staff training. ...
Adelaide Brighton reports record net profit
Adelaide Brighton reported record sales and net profit after tax of AUD1337.8m and AUD172.7m, respectively, for the year ended 31 December 2014. Revenue increased 8.9 per cent and net profit by 14.3 per cent YoY. Adjusting for a number of one-off items, underlying net profit after tax of AUD166.5m was 8.5 per cent higher than 2013. EBIT increased 11.1 per cent to a record AUD247.5m on an ...
PIBTL board approves terminal capacity expansion, Pakistan
The board of directors of Pakistan International Bulk Terminal Ltd (PIBTL) on Wednesday approved the expansion of overall handling capacity at the terminal from 12Mta to 16Mta. PIBT is being set up as the country’s first terminal for handling coal, clinker and cement on a build, operate and transfer (BOT) basis. The terminal will be situated at Port Qasim, 50km from Karachi on the coast of ...
Suez Cement Group sees 4Q gains
With improved market conditions, Suez Cement Group of Companies (SCGC) of Egypt saw a 2.5 per cent increase in fourth-quarter revenues to EGP1.539m and progress in EBITDA which gained 11.5 per cent to EGP300m. Net profit after non-controlling interest increased 15.2 per cent during the same period to EGP129m. For the whole year, the Italcementi group company reported that sales increased 22 ...
Spain: Portland Valderrivas reduces full-year loss
Cementos Portland Valderrivas reported a EUR52.3m loss in 2014, around 27.3 per cent less than the previous year. The company attributed the improved result to the recovery of the Spanish economy which was reflected in a rise in public tenders, boosting in turn cement consumption. Cementos Portland Valderrivas reported a net operating profit of EUR35.9m, against a net operating loss of EUR...