Cement News tagged: International
Egyptian Tourah Portland Cement net loss widens
Tourah Portland Cement Co more than doubled its third-quarter net loss to EGP35.38m (USD 4.95m) from EGP 14.69m in the same period of last year. The pre-tax loss stood at EGP37.72m versus EGP 20.57m a year earlier and operating loss amounted to EGP37.3m, compared to EGP 15.45m Gross loss came in at EGP16.9m, against EGP 3.56m. Revenue, however rose to EGP259.14m from EGP169.58m in the compara...
Holcim increases shipments in the USA, Africa and Asia
Holcim’s turnover for the first nine months declined by 4.7 per cent to CHF14,243m, while in euro terms the reduction was 3.6 per cent to €12,136m and in US dollar terms the decline was just 0.9 per cent, while on a like for like basis there was a 3.4 per cent increase. The Asia Pacific region generated 36.6 per cent of group turnover, down from 37.5 per cent a year earlier, while Europe re...
HeidelbergCement won't bid for Lafarge and Holcim assets
HeidelbergCement has said it will not bid for any of the assets up for sale by rivals Lafarge and Holcim as part of their planned merger. “After a thorough analysis, HeidelbergCement has decided to refrain from the ongoing bidding process for the assets offered for sale of Lafarge and Holcim in the frame of its merger proceedings, “ the German cement major said in a statement. There had been...
Vietnam's October sales slip
Vietnam’s cement sales are estimated to have fallen by three per cent YoY during October to 5.37Mt, latest data from the country's Ministry of Construction shows. Of the total sales volumes, domestic shipments accounted for 4.25Mt. In the first 10 months of the year, total sales are estimated to have risen six per cent YoY to 53.22Mt, including 41.51Mt for the local market. Vietnam’s ...
Ashaka Cement appoints new CFO, Nigeria
Ashaka Cement Plc announced Bruno Bayet as new Chief Finance Officer (CFO) of the company. In a statement to the Nigerian Stock Exchange (NSE), the Nigeria-based cement producer said Mr Bayet was appointed following the resignation of Yusuf Lamuwa. The position is effective as of 1 September 2014.
Coal prices expected to firm up in 2016
Coal prices are expected to remain subdued into 2015 as supply outpaces demand. Soft demand in China combines with strong mine ramp-ups around the world, which force additional cuts in output in the USA, according to Bank of America Merrill Lynch (BoAML). BoAML recently lowered its 2015 average Newcastle thermal price from US$73/t to US$65/t, but a new six per cent import tax for Australian...
Better price realisations boost ACC and Ambuja’s third-quarter revenues
Holcim’s Indian subsidiaries ACC and Ambuja Cements both reported higher revenues for the 3Q14, on the back of a recovery in prices, but sales volumes remained a concern. ACC, the country’s second-largest producer, saw revenue grew by 9.4 per cent to INR2742 crore, driven primarily by a better pricing environment. Operating EBTIDA rose 32 per cent to INR379.08 crore. Net profit was INR193 cr...
Egypt: Suez Cement reports 18.3% rise in 3Q14 EBITDA
Suez Cement Group of Companies (SCGC) reported a 48.2 per cent increase in revenues for the third quarter of this year. EBITDA during the three-month period rose by 18.3 per cent and net profit after non-controlling interest was up by 40 per cent. The Italcementi group company said that for the nine months to the end of September 2014, sales increased 30 per cent while recurring EBITDA was 7...
Cimerwa expansion on-track for 1Q15 completion
Rwanda’s sole cement producer, Cimerwa, is nearing completion of its expansion project and is on track to be ready in the first quarter of next year. Busi Legodi, chief executive officer of the cement producer, told AllAfrica News that 94 per cent of works have already been completed, with electrical installations and minimal mechanical works remaining. Legodi added that the plant should be...
Cemex UK launches new Technical Development Programme
A new Cemex UK Technical Development Programme has been launched this week to develop the technical managers of the future. Six technicians embarked on the first 18 month programme with an Orientation Day at Cemex’s National Technical Centre in Warwickshire, UK. They had the opportunity to meet and work with their individual mentors and existing senior technical managers, as well as learn ab...
SCG chief anticipates 5% rise in 2015 demand
Cement demand in Thailand is expected to increase by at least five per cent next year stimulated by an acceleration of government infrastructure development, according to the chief of the country’s leading cement producer. Kan Trakulhoon, CEO of Siam Cement Group (SCG), believes that the Thai economy has bottomed out since August and is recovering gradually. He said the company expects cemen...
Vietnam October output up 10.3% YoY
Vietnam is estimated to have produced 5.2Mt of cement in October, up 8.33 per cent from September and 10.3 per cent from a year ago, the government’s General Statistics Office (GSO) said. In the first 10 months, the country’s cement output has risen five per cent YoY to 48.4Mt, the office said in a monthly report. The GSO has also revised down the country’s cement output in September to...
India: Malabar Cements gets state gov't nod for Cochin Port unit
The state government of Kerala, India, has given Malabar Cements Ltd the green light to set up a bulk cement handling unit at the Port of Cochin. Malabar Cements has shown an interest in establishing a cement handling and bagging unit following the decision by Cochin Port to allow cement companies to bring in raw materials via sea using the port facilities. The new unit is expected to have a...
Nova Scotia to use fracking waste at Lafarge plant
Canada's Nova Scotia province has given the go-ahead for 5Ml of hydraulic fracturing wastewater to be disposed at the Lafarge Brookfield plant following a successful pilot project earlier this spring. The province’s Environment Minister, Randy Delorey, said in a statement he's approved a request from Atlantic Industrial Services to use the waste water at the Brookfield plant. The leftover wa...
Al Jouf sees double-digit rise in 3Q net profit, Saudi Arabia
Saudi-based Al Jouf Cement Co posted a 17 per cent YoY increase in its third-quarter net profit to SAR8.6m (US$2.29m), boosted by higher sale volumes. Operating profit grew almost 19 per cent in annual terms to SAR2.5m. Gross profit rose 10 per cent to nearly SAR19.7m. During January-September 2014, the company saw its net profit fall 14 per cent on an annual basis to SAR39.7m. Earnings p...
Holcim Philippines board gives nod for Lafarge talks
Holcim Philippines’ board of directors have authorised the company to “consider and negotiate the purchase” of Lafarge’s shares in Lafarge Illigan Inc, Lafarge Mindanao and Lafarge Republic Aggregates, Holcim said in a disclosure to the local stock exchange. Also included is Lafarge's stake in Star Terminal at the Harbour Centre in Manila, and "such other specific assets or contracts as may ...