Cement News tagged under: Weekly Newsletter
El Sewedy Cement sells Sinai Cement stake21 May 2019, Published under Cement NewsEgypt-based El Sewedy Cement has sold its entire stake of 7.476 per cent in Sinai Cement’s capital for EGP41.97m (US$2.46m), or at an average price of EGP8.25/share, EFG Hermes said in a statement to the Egyptian Exchange on Monday. In the first quarter of 2019, Sinai Cement’s net losses eased to EGP-78.18m from EGP-83.98m in the year-ago period. Revenues increased to EGP201.08m, up from EGP147.99m in the 1Q18. |
Peru's cement market expands 3% in April16 May 2019, Published under Cement NewsCement consumption in Peru advanced 3.4 per cent to 905,000t in April 2019, up 3.4 per cent when compared with April 2018, according to the country’s cement association, Asocem. Of this total, 898,000t was supplied by domestic cement companies, down from 922,000t in March 2019. Peruvian cement production increased 4.6 per cent YoY but fell 5.3 per cent MoM to 811,000t in April 2019 while clinker production advanced 6.3 per cent YoY and 12.9 per cent MoM to 796,000t. In addition, 69,000t ... |
LafargeHolcim reports net sales growth of 6% in 1Q1915 May 2019, Published under Cement NewsLafargeHolcim reported strong growth in net sales for 1Q19, rising 6.4 per cent and an over-proportional increase in recurring EBITDA, up 20.6 per cent. Group net sales of cement for 1Q19 amounted to CHF4079m up from CHF3995m in 1Q18, advancing by 2.1 per cent. Aggregate net sales climbed to CHF813m, up from CHF764m, an increase of 6.4 per cent on 1Q18. The group's ready-mix net sales in 1Q19 totalled CHF1223m, up 3.6 per cent from CHF1181m in 1Q18. The Solutions and Products sector recor... |
Cementir shows strong 1Q recovery15 May 2019, Published under Cement NewsCementir's first-quarter turnover recovered by 9.1 per cent to EUR264.4m (US$296.4m) and EBITDA rose by 39.8 per cent to EUR33.7m, while at the trading level the advance was reduced to 23.6 per cent to EUR7.8m. At the pretax level, there was a swing from a EUR7.2m profit to a loss of a EUR0.3m. Net debt at the end of March was EUR416.4m compared with EUR387.1m a year earlier, to give a gearing level of 16.9 per cent. The number of employees increased by 2.6 per cent to 3063. Shipments of ... |
Buzzi Unicem 1Q19 benefits from better weather15 May 2019, Published under Cement NewsBuzzi Unicem's first-quarter turnover rose by 21.7 per cent to EUR656m (US$735.2m), having fallen by 8.4 per cent a year earlier, with turnover having improved in all countries apart from Brazil. Net debt at the end of March was 16.1 per cent higher at EUR1033.5m. Cement deliveries improved by 16.9 per cent to 6Mt, while group ready-mixed concrete deliveries advanced by 7.3 per cent to 2.6Mm³. The Italian turnover improved by 16.6 per cent to EUR119.6m, thanks to the better weather condit... |
Argos' consolidated revenues rise 14% in 1Q1914 May 2019, Published under Cement NewsIn the first three months of 2019, Argos reported revenues of US$693.8m, an increase of 14 per cent on 1Q18. Operating EBITDA reached US$99.39m, 3.7 per cent higher, while net profit totalled US$4.9m. Total cement volumes for Argos amounted to 3.8Mt, 4.7 per cent higher than in 1Q18, while concrete volumes rose by 2.3 per cent to 2.4Mm 3 . "These results are the reflection of a great teamwork that results in the growth of our revenues and volumes, the increase of our financial flexibility... |
LEILAC pilot plant testing for CO2 capture is operational13 May 2019, Published under Cement NewsOn the 7 May 2019, the Low Emissions Intensity Lime & Cement (LEILAC) consortium partners and External Advisory Board met to celebrate the ribbon cutting of the LEILAC pilot plant. The pilot plant at HeidelbergCement's Lixhe cement plant in Belgium was opened on time and on budget. Testing is now set to commence and start to validate the performance of the pilot, and a significant step in enabling Direct Separation to become one of the principal methods of capturing the carbon emissions fro... |
HeidelbergCement reports improved 1Q results due to volume and price increases09 May 2019, Published under Cement NewsHeidelbergCement posted revenues of EUR4.238bn in January-March 2019, up 16.9 per cent when compared with the 1Q18. Like-for-like (LfL) – ie, excluding positive exchange rate effects of EUR68m – the change from the 1Q18 was 15 per cent. EBITDA jumped 58.6 per cent (25.8 per cent LfL) to EUR396m YoY while the result from current operations reached EUR60m. Key drivers were improved sales volumes in group areas Western and Southern Europe, Northern and Eastern Europe-Central Asia, and North Ame... |
Post-merger CCNN reports improved 1Q19 results08 May 2019, Published under Cement NewsNigeria’s Cement Co of Northern Nigeria (CCNN) saw its net profit after tax soar by 236 per cent YoY to NGN3.636bn (US$10.1m) in the first quarter of 2019 ended 31 March. The merger with Kalambaina Cement Co Ltd is seen as a key reason for the improved profit figure. In the post-merger three-month period revenue saw a 213 per cent hike to NGN16.886bn from NGN5.394bn in 1Q18. Sales volumes increased by 233 to 411,945t with a capacity utilisation rate of 82 per cent. Strong domestic demand... |
Hail Cement sees 41% YoY 1Q revenue increase08 May 2019, Published under Cement NewsSaudi Arabia-based Hail Cement reported a 41 per cent YoY rise in revenues to SAR68.6m (US$18.3m) in the first quarter of 2019. “The main reason for the increase in net income in the current quarter compared to the same quarter last year is due to more sales quantity and better selling price,” the firm said in its filing to the Tadawul, the Saudi stock exchange. The results come only months after a Saudi cement sector report by Al Rajhi Capital that said that cement demand in the Middle ... |