Cement News tagged under: Weekly Newsletter
Cementos Argos reports 13% rise in 3Q net income15 November 2018, Published under Cement NewsCementos Argos revenues edged up 1.1 per cent to COP2218bn (US$692.6m) in the third quarter of 2018 from COP2194bn in the 3Q17. In terms of sales volumes, the company increased its cement sales by 2.2 per cent to 4.242Mt and ready-mix concrete (RMC) volumes by 1.3 per cent to 2.699Mm 3 in the quarter, reflecting improved dynamics in all regions. The company's EBITDA increased 4.3 per cent YoY to COP425bn from COP407bn in the year-ago period while the EBITDA margin improved to 19.2 per cen... |
Argentina's cement demand falls 10% in Oct 201814 November 2018, Published under Cement NewsArgentina's cement market contracted by 9.6 per cent YoY to 1,040,317t in October 2018, according to the latest data by the country’s cement association, AFCP. Deliveries by the country’s cement producers fell by 8.8 per cent to 1,040,197t while at 120t, imports were a shadow of those in October 2017 (9720t). In addition, domestic cement producers exported 8280t of cement, down 10.5 per cent YoY, of a total output of 1,048,477t, which fell by 8.9 per cent YoY (October 2017: 1,150,524t). ... |
US and Puerto Rican markets expand 6% in August14 November 2018, Published under Cement NewsTotal shipments of Portland and blended cements in the USA and Puerto Rico increased by 5.8 per cent in August 2018 when compared with August 2017, according to the latest figures by the US Geological Survey (USGS). In the first eight months of 2018 deliveries rose 4.2 per cent YoY to 65.5Mt. The leading producing states were Texas, California, Missouri, Florida and Michigan, and accounted for a combined share of 37 per cent of total production. Some 1.394Mt of imports supplemented domest... |
Votorantim Cimentos sells 75% share in Shree Digvijay Cement13 November 2018, Published under Cement NewsVotorantim Cimentos has agreed the sale of its 75 per cent stake in Shree Digvijay Cement Co Ltd (SDCCL) to Indian private equity firm True North. The sale requires the completion of a mandatory open offer to the minority shareholders of SDCCL. The acquisition would add to True North's other investments in the building materials sector namely, RDC Concrete (“RDC”), a manufacturer of ready-mix concrete and Robo Silicon (“Robo”), a manufacturer of construction aggregates. Srikrishna Dwaram, ... |
Titan is looking to move its main quote to Brussels and the management to Cyprus12 November 2018, Published under Cement NewsIn the first nine months of 2018,Titan's turnover declined by 1.8 per cent to EUR1101.9m and EBITDA was down by 8.2 per cent to EUR196.9m, while in the third quarter EBITDA was ahead by 3.2 per cent to EUR74.7m. The pretax profit advanced by 11.5 per cent to EUR65.9m and the net attributable profit recovered strongly, rising by 51.8 per cent to EUR50.2m in the 9M18. Net debt at the end of September was 3.4 per cent higher than a year earlier at EUR784m. The nine months' capital expenditure w... |
Eagle Cement sees 6% rise in 9M net profit12 November 2018, Published under Cement NewsEagle Cement Corp reported in the 9M18 net sales of PHP12.2bn (US$229.2m), up nine per cent YoY from PHP11.2bn in the 9M17. Strong sales and stable prices supported the rise in net sales. Net profit of the Philippine cement producer advanced by six per cent to PHP3.5bn from PHP3.3bn in the year-ago period. Despite higher input costs, EBITDA rose by three per cent while margins increased by 42 per cent. "We remain aggressive and committed in growing our company organically as we are lev... |
Aliko Dangote has targeted Kenyan producer believed to be ARM09 November 2018, Published under Cement NewsDangote Cement is understood to be in talks to buy the troubled Kenyan cement maker ARM. This follows an interview of Aliko Dangote by Bloomberg News in which he said: "There is a company which... has operations in Tanzania, Kenya and Rwanda and we are talking to the company to see if we can take it over," said Mr Dangote. ARM was not named in the discussion, but it is the only cement producer operating in the three markets that were mentioned. ARM has integrated cement plants in Kalol... |
HeidelbergCement reports rise in revenues and earnings for 3Q1808 November 2018, Published under Cement NewsHeidelbergCement saw a 7.2 per cent rise in revenues to EUR4.943bn in 3Q18 from EUR4.61bn in the year-ago period. EBITDA fell 6.3 per cent to EUR750m in July-September 2018 from EUR800m in July-September 2017 while net profit increased by 12 per cent to EUR580m from EUR518m in the year-ago period. HeidelbergCement reported a five per cent rise in cement and clinker sales to 35.1Mt in the third quarter of 2018 from 33.4Mt in 3Q17. Following adjustment for the disposal of its US white cement... |
Buzzi Unicem's 9M18 cement volumes rise by 3.1%08 November 2018, Published under Cement NewsBuzzi Unicem reports that its 9M18 cement volumes recorded a rise of 3.1 per cent to 20.9Mt, up from 20.3Mt in 9M17. Consolidated net sales for the 9M18 amounted to EUR2137.4m , up 0.2 per cent compared to EUR2133.4m in the same period of 2017. Cement and clinker sales of the group in the period January-September 2018 stood at 20.9Mt, an advance of 3.1 per cent compared to the previous year (-0.8 per cent on a like-for-like basis). Meanwhile, Buzzi Unicem's ready-mix sales fell by 1.... |
Taiheiyo Cement sees 2% advance in net profit for 1HFY1808 November 2018, Published under Cement NewsTaiheiyo Cement has reported a four per cent increase in revenue to JPY438.7bn (US$3.86bn) in the first half of FY18, ended 30 September 2018. In 1HFY17 the company saw a revenue of JPY421.94bn. Operating profit slipped to JPY27.38bn in 1HFY18 from JPY27.43bn in 1HFY17 while pretax profit fell to JPY27.11bn from JPY28.07bn in the year-ago period. Net profit edged up 2.4 per cent from JPY16.93bn in 1HFY17 to JPY17.34bn in the first half of this financial year. Taiheiyo Cement also released ... |