Cement News tagged under: Weekly Newsletter
Cementos Pacasmayo revenues sees 5% rise in 4Q1814 February 2019, Published under Cement NewsPeru-based Cementos Pacasmayo reported a rise of 4.6 per cent in revenues to PEN340.7m (US$102.3m) in the fourth quarter of 2018 with sales volumes of cement, concrete and precast increasing 5.6 per cent to 656.2t as the public sector recovered. Demand from self-construction and small- and medium-sized projects also advanced. The cement EBITDA margin slipped by 5.8 percentage points to 26.6 per cent, mainly due to higher production costs and a non-cash effect generated by the provision of ... |
Martin Marietta Materials achieves record volumes and profits13 February 2019, Published under Cement NewsUS-based Martin Marietta Materials saw turnover advance by seven per cent in 2018 to US$4244.3m. EBITDA was 8.6 per cent ahead at US$1103.8m, but the final quarter showed a 5.9 per cent decline. The trading profit eased by 1.4 per cent to US$690.7m, while interest charge increased by 49.8 per cent 137.1m, giving a pretax profit 6.9 per cent lower at US$576.1m. A tax charge compared with a credit in the previous year gave a net attributable profit 34.1 per cent lower at US$470m. The compan... |
Holcim Indonesia becomes PT Solusi Bangun Indonesia11 February 2019, Published under Cement NewsHolcim Indonesia has changed its name to PT Solusi Bangun Indonesia (Solution to Build Indonesia) following its takeover by PT Semen Indonesia. An Extraordinary General Meeting of Shareholders (EGM) of PT Holcim Indonesia Tbk, held on 11 February 2019, approved the company name change. In addition, two subsidiaries of PT Holcim Beton and PT Lafarge Cement Indonesia were renamed PT Concrete Building Solutions and PT Solusi Andalas Building, respectively. Semen Indonesia had acquired an 80.... |
Cemex Latam net sales fall 7% in 4Q1808 February 2019, Published under Cement NewsCemex LatAm Holdings (CLH) announced consolidated net sales of US$260m in 4Q18, a fall of seven per cent on the US$278m achieved in 4Q17. Operating EBITDA reached US$39m during 4Q18, down 24 per cent YoY. Consolidated cement volumes for the 4Q18 amounted to 1,679,000t, no change from 4Q17. Consolidated grey cement volumes registered 1,489,000t in 4Q18, marginally up from 1,485,000t in 4Q17. Ready-mix volumes declined in 4Q18 to 659,000m 3 , down seven per cent from 712,000m 3 in 4Q17. ... |
Buzzi Unicem's cement volumes rise 4.3% in FY1808 February 2019, Published under Cement NewsBuzzi Unicem's financial year 2018 results saw cement volumes at 27.9Mt, up 4.3 per cent from 26.8Mt in FY17. Ready-mix concrete volumes reached 11.8Mm 3 , down 3.6 per cent from 12.3Mm 3 in FY17. Consolidated net sales equalled EUR2873m (EUR2806m in 2017), up 2.4 per cent and up 3.2 per cent like-for-like. Group net debt at the end of 2018 amounts to EUR891m, up EUR28m compared to EUR863m at the end of 2017. Italy Buzzi Unicem's sales of hydraulic binders and clinker were up 13.3 ... |
Huaxin Cement announces new Uzbekistan project07 February 2019, Published under Cement NewsHuaxin Cement has announced that it will construct a new cement plant in Uzbekistan, with government approval already received. The company has set up a new venture, Huaxin Cement Jizzakh, for the implementation of the 1.2Mta facility. The plans will see the plant built in Zafarobod, Jizzakh, at an investment cost of US$150m, with the company expecting to spend US$78m to purchase equipment. Commissioning is expected in December 2019, while plans for the first stage of production include ex... |
ACC sees 8% rise in cement deliveries in 201806 February 2019, Published under Cement NewsThe Indian LafargeHolcim subsidiary ACC Ltd has reported an 8.4 per cent increase in cement deliveries for 2018 to 28.44Mt, while in the fourth quarter the advance was of a similar magnitude to 7.5Mt. The turnover advanced by 12.1 per cent to INR144.77bn (EUR1774m) while EBITDA were up by 10.8 per cent to INR29.12bn (EUR260m) but the pretax profit rose by 20.6 per cent to INR15.8bn (EUR194m) and thanks to writing back tax provisions relating to earlier years of INR5.01bn, the net profit shot... |
Scotiabank forecasts 6% growth in Peru’s cement demand04 February 2019, Published under Cement NewsCement consumption in Peru is predicted to expand by around 6.5 per cent in 2019, according to Scotiabank. The bank attributes the third-consecutive annual rise to a higher level of real estate investment. This positive evolution would be supported by increased private and public investment expected for this year, said Carlos Asmat, senior analyst of the Department of Economic Studies of the bank. "Private investment would grow partly driven by the performance of mining investment during 2... |
CNBM and Fives seal collaboration agreement04 February 2019, Published under Cement NewsCNBM and Fives have defined an agreement for areas of collaboration to benefit from either company's expertise or technologies. The parties will together explore a range of international projects, including plant upgrades and expansions as well as new plants, to implement Fives technologies, such as the FCB Horomill ® grinding system, FCB Pyro-line and Pillard burners, to reach the highest level of energy efficiency, emission controls and product quality. By partnering with Fives, CNBM, th... |
Lucky Cement records net profits of PKR5.8bn for 2H1801 February 2019, Published under Cement NewsLucky Cement Ltd reported net profit after tax of PKR5.80bn (US$41.47m) after taking out PKR0.34bn attributable to non-controlling interests for the half year ended 31 December 2018. The company achieved a gross turnover of PKR67.85bn which is 13.5 per cent higher when compared to the same period last year's turnover of PKR59.77bn. Overall sales volumes grew by 6.8 per cent to reach 4.01Mt during the current half-year under review. Local cement sales volume registered a decline of 6.8 per ... |