Cement News tagged under: Weekly Newsletter
MPA reports sluggish 1Q19 sales of building materials in the UK07 May 2019, Published under Cement NewsSales volumes of mineral products across markets including aggregates, asphalt, ready-mixed concrete (RMC) and mortar declined in the UK in 1Q19, reported the Mineral Products Association (MPA). Seasonally-adjusted sales volumes for aggregates had the sharpest decline, down 4.2 per cent compared to the previous quarter, followed by RMC (-4 per cent), mortar (-2.8 per cent) and asphalt (-1.9 per cent). The MPA figures are in line with reports from the Office for National Statistics, which ... |
Eagle Cement Corp achieve PHP1.59bn net profit in 1Q1907 May 2019, Published under Cement NewsEagle Cement Corp reported a net profit of PHP1.59bn (US$30.6m) in 1Q19. This was a rise of 49 per cent YoY driven by a double-digit growth in sales volumes and higher cement selling prices. Eagle Cement's net sales in the first quarter amounted to PHP5.37bn, up by 34 per cent in the same period last year, the company told the Philippine Stock Exchange. The "strong domestic demand driven by private consumption," the report said. Net income margin improved to 30 per cent from around... |
FLSmidth reports strong order intake in 1Q1903 May 2019, Published under Cement NewsTwo large cement orders from Paraguay and Vietnam supported Denmark-based equipment manufacturer FLSmidth’s order intake in the 1Q19. The order backlog expanded to DKK17.8bn (US$2.66bn), the highest level since 2013 and up from DKK13.9bn at the same time last year. "Our order intake and order backlog demonstrate our competitive strength. Each new order is the result of a customer's careful selection of us to deliver and install mission critical equipment or to provide important services to... |
LafargeHolcim divests operations in Malaysia and Singapore02 May 2019, Published under Cement NewsLafargeHolcim has signed an agreement with YTL Cement Bhd for the divestment of its entire 51 per cent stake in Lafarge Malaysia Bhd for a consideration of US$396m, fully payable in cash, corresponding to MYR 3.75 per share. This price represents a premium of 43 per cent compared to the last 90 days trading period of Lafarge Malaysia Berhad on the Malaysian stock exchange, according to a company statement. Lafarge Malaysia Bhd operates three integrated cement and two grinding plants with a... |
ACC shows 38% growth in profit for the 1Q1926 April 2019, Published under Cement NewsIndia's ACC (LafargeHolcim group) has reported a 38 per cent YoY increase in profit after tax to INR3.46bn (US$49.51m) in the 1Q19, compared with INR2.5bn of the year-ago period. Total income advanced 11 per cent in the first quarter to INR40.76bn from INR36.72bn. Net sales also rose by eight per cent to INR38.50bn against INR35.57bn in the 1Q18. The company's cement segment was up 5.6 per cent YoY in sales volume during Jan-Mar 2019, reaching 7.5Mt from 7.1Mt. Revenue from the sector clim... |
Vietnam cement sales advance 11% in March25 April 2019, Published under Cement NewsDomestic sales in Vietnam increased 19 per cent YoY and 147 per cent MoM to 6.797Mt in March 2019, according to the latest data from the Vietnam National Cement Association (VNCA). VICEM sales were up 120 per cent YoY to 2.338Mt and sales by its affiliated companies saw a 17 per cent rise to 1.949Mt. Other companies added a further volume of 2.51Mt (+20 per cent YoY) to total domestic sales. Cement and clinker exports from Vietnam slipped two per cent to 3.425Mt in March 2019 when compared ... |
UltraTech Cement records positive results for FY18-1925 April 2019, Published under Cement NewsIndia’s UltraTech Cement (Aditya Birla Group) has reported a 9.6 per cent YoY increase in consolidated profit after tax to INR24.35bn (US$347.6m) for the year ended 31 March 2019. Revenue for the fiscal rose 20.4 per cent to INR367.75bn from INR305.41bn. However, the company noted in an exchange filing that its results for the FY18-19 and final quarter are not comparable with previous periods due to the merger of Binani Cements into the company. In the 4QFY18-19 UltraTech Cement saw its co... |
CRH reports positive 1Q1924 April 2019, Published under Cement NewsAhead of tomorrow's AGM, CRH reports that the group has had a positive start to the year with 1Q19 like-for-like group sales seven per cent ahead of 1Q18. Sales volumes benefited from mild weather conditions and good momentum across most major markets for the group. Sales growth was also supported by pricing progress, reports CRH. Like-for-like sales for America Materials operations were four per cent up in 1Q19, while aggregate and asphalt volumes were ahead of 1Q18 due to favourable wea... |
Egyptian cement exports decline in the 2M1924 April 2019, Published under Cement NewsEgyptian cement exports declined in value to US$19m in the first two months of 2019 compared with US$23m of the year-ago period, according to the Export Council for Building Materials (ECBM). In February alone, exports fell 11.1 per cent YoY to US$8m from US$9m. The same month saw the country export to 26 countries, including five new markets, Japan, Cyprus, Slovenia, Spain, France and China. Libya is ranked at the top of cement importing countries, according to the report. Imports incre... |
Eagle Materials launches strategic review22 April 2019, Published under Cement NewsEagle Materials Inc, USA, has launched a strategic review of its portfolio of businesses, including heavy materials, light materials, and oil and gas proppants. The review will be conducted by its Board of Directors and management team, with the support of independent financial advisors. “As part of the portfolio review, the Company will carefully consider the full range of options focused on enhancing the value creation potential of Eagle, including separating the businesses and evaluatin... |