Cement News tagged under: Weekly Newsletter
UltraTech Cement receives approval for 6Mta plant project11 June 2019, Published under Cement NewsIndia’s UltraTech Cement has received environmental approval to set up a INR25bn (US$360.37m) project in Petnikota village, Andhra Pradesh. The integrated facility is expected to have a clinker capacity of 4Mta and 6Mta of cement. Alongside the cement works, the company also plans to install a 60MW captive power plant and 15MW waste heat recovery unit. It has already acquired 431.92ha of land but still requires ‘consent to establish and operate’ from the state’s pollution control board, ac... |
Vassiliko Cement reports rise in domestic sales for 201811 June 2019, Published under Cement NewsCyprus-based Vassiliko Cement has reported a 17 per cent rise in cement sales to the domestic market in 2018. However, total income fell 4.4 per cent YoY to EUR97.9m from EUR102.4m. The company has attributed the result to a decline in cement exports, alongside a rise in the cost of energy and CO 2 emission allowances. Cyprus’ construction industry contracted between 2008-15. However, the last four years have seen a steady upward trend. In 2018 the company noted that cement sales reached ... |
Rhiddhisiddhi Cement Industry commences production10 June 2019, Published under Cement NewsCement production at the plant of Nepal-based Rhiddhisiddhi Cement Industry has started. During the start-up phase, the company willl produce 20,000 bags/day of cement, which will then be ramped up to 60,000t/day. The cement producer was established with NPR10.5bn (US$94m) of domestic capital and operates a cement works at Ratomate, Hetauda, Makwanpur. It employs around 300 people and uses European technology. It uses limestone from deposits in Rarksirang, Kaialsh in Makwanpur, as well as... |
Votorantim Cimentos records 6% net revenue rise06 June 2019, Published under Cement NewsBrazil's Votorantim Cimentos has reported a 5.5 per cent YoY rise in net revenue to BRL2524m (US$654.5m) for the first quarter of 2019. The increase was attributed to the results of its Brazilian and other Latin American operations, combined with the positive effect of the real’s depreciation against the US dollar. The company’s adjusted EBITDA surged 179.9 per cent to BRL586m from BRL214m, while its EBITDA margin advanced to 23 per cent from nine per cent. The most significant growth in E... |
Argentine market expands 4% in May05 June 2019, Published under Cement NewsArgentina’s cement consumption advanced 4.3 per cent YoY to 964,762t in May 2019 from 924,211t in May 2018, according to the latest data by the country’s cement association, AFCP. Market demand was entirely met by domestic production in May 2019, unlike in the year-ago period when 554t was imported. In addition, cement producers in Argentina exported 8891t of cement, up 49 per cent YoY. January-May 2019 In the January-May 2019 period domestic demand slipped 6.9 per cent to 4.601Mt, dow... |
Holcim Philippines reports 35% EBITDA surge in 1Q1905 June 2019, Published under Cement NewsHolcim Philippines has reported a 5.8 per cent YoY decrease in revenue to PHP8.1bn (U$156.28m) for the first quarter of 2019. However, EBITDA has surged 35 per cent to PHP1.7bn while its EBITDA margin climbed from 14.6 per cent to 20.8 per cent in the 1Q19. A minor increase in net profit to PHP704m from PHP700m has been attributed to higher interest expenses for funding capital projects. "I am very pleased to share that we have successfully followed up our strong finish in 2018 with an exce... |
Salvadorian cement demand surges 28% in 11M1805 June 2019, Published under Cement NewsApparent cement consumption in El Salvador has increased by 28 per cent in the January-November 2018 period to 27,314,750 bags of 42.5kg, or 1,160,877t, when compared with 21,802,300 bags or 926,598t in the 11M17, according to the country’s construction chamber, CASALCO. The latest increase represents the fifth-consecutive 11M rise since 2014. The rise comes on the back of construction activity outperforming economic growth in the Latin American country. Annual economic growth in the 11M18... |
YTL Corp sees cement revenue fall 4% in 9MFY1904 June 2019, Published under Cement NewsYTL Corp Bhd released disappointing results for the 9MFY19 for its cement division. Cement revenue was down by four per cent YoY, but earnings were up 96 per cent YoY. The Malaysian company reported lower a sales volume impacting its top line. YTL Cement's margins improved significantly given the higher selling price and lower operating expenditure. The recent 51 per cent acquisition of Lafarge Malaysia will reflect a small loss in contributions in 4QFY19. The acquisition is expected to im... |
Armenia places import duty on Iranian cement03 June 2019, Published under Cement NewsArmenia's parliament has approved a 14,000/t duty to be set on imported cement from Iran. A total of 85 law makers voted in favour of the duty with 16 voting against and three abstaining. The Armenia party also wanted a state duty on the import of clinker from Iran but this has not been put in place. The bill for the cement duty passed while a group of construction workers protested outside parliament. The demonstrators were arguing that the duty would increase prices of cement. Babken Tun... |
Lafarge Malaysia reduces net loss in 1Q1930 May 2019, Published under Cement NewsLafarge Malaysia successfully reduced its net loss to MYR32.07m (US$7.64m) in the 1Q19, compared with MYR68.73m of the year-ago period. However, revenue saw a minor 1.5 per cent YoY fall to MYR538.7m from MYR546.8m, with the decrease attributed to lower cement sales caused by market conditions. The company noted that key infrastructure projects will help reduce the domestic cement industry’s overcapacity, but market conditions are expected to remain challenging. "There is still healthy ... |