Cement News tagged under: Weekly Newsletter
FLSmidth reports 71% order increase in 3Q1807 November 2018, Published under Cement NewsFLSmidth has released its interim 3Q18 report and recorded a 71 per cent order increase to DKK7.164bn (US$1.102bn), on the back of two large cement plant orders in Central America at a combined value of DKK1.9bn. This brought the order backlog to DKK17.2bn, the highest level in three years. "It makes us proud each time a customer selects us to deliver and install mission critical equipment or grants FLSmidth an important service contract to enhance productivity. At the same time, our stron... |
Martin Marietta Materials reports double-digit 3Q growth07 November 2018, Published under Cement NewsMartin Marietta Materials’ nine-month turnover improved by 7.6 per cent to US$3224m and increased turnover by 12.1 per cent to US$1219.6m in the third quarter of 2018. EBITDA advanced by 15.1 per cent to US$349m. The trading profit only improved by six per cent to US$240.7m, the net attributable profit rose by 18.9 per cent to US$180.2m. The aggregates turnover increased by 9.8 per cent to US$1778.1m in the first nine months, while the third quarter showed a 16.5 per cent advance to US$68... |
Qassim Cement reports 89% fall in net profit05 November 2018, Published under Cement NewsSaudi Arabia's Qassim Cement has seen an 88.9 per cent YoY fall in its net profit during the third quarter of 2018, decreasing to SAR5.68m (US$1.514m) from SAR51.24m. The profit has been attributed to a drop in the volume and value of sales after a declining demand. Revenue in the 3Q18 fell 43 per cent to SAR74.36m from SAR130.74m of the corresponding period a year ago. During the first nine months of 2018, the company's net profit decreased 56 per cent YoY to SAR81.24m from SAR184.59m. |
End of Yemeni conflict could provide lifeline for Saudi exporters02 November 2018, Published under Cement NewsCNBC reported that US Secretary of State Mike Pompeo and Defense Secretary Jim Mattis have called for a cessation of hostilities in Yemen and the start of a conflict resolution – if it is indeed one – could open up an opportunity for regional cement players. According to World Bank estimates, Yemen would need over many years and some US$85-90bn for its reconstruction process. According to initial estimates, this would translate to cement demand in the range of 8-10Mta (assuming a 10-year r... |
Cementos Pacasmayo net income drops 14% in 3Q1830 October 2018, Published under Cement NewsCementos Pacasmayo saw its revenues fall by 4.4 per cent to PEN318.8m (US$95.2m) in 3Q18, mainly due to change in mix of products sold and to a slight decrease in prices. It also reported a 1.9 per cent rise in sales volumes of cement, concrete and precasts to 610,800t, mainly due to a recovery in the self-construction segment as well as increased sales to small and medium-sized projects. Net income declined 13.5 per cent YoY to PEN33.4m as operating income fell as a result of higher coa... |
First ORC WHR plant for Turkey29 October 2018, Published under Cement NewsCimko Narli cement works, owned by Sanko Holding, has awarded the turnkey contract for a waste heat recovery-based power plant to CTP Team, Italy. The facility will use organic Rankine cycle technology, a first in Turkey. Waste gas from the cooler will drive a 7MW turbo generator and produce around 12 per cent of the cement plant's electricity requirement, with an annual efficiency of 7920h and generate 36mkWh per year. CTP Team Assistant General Manager, Acelya Arik, and Sales... |
Siam Cement Group's Philippine sales rise 46% July-September 201829 October 2018, Published under Cement NewsSiam Cement Group (SCG) of Thailand has reported a cement sales increase between July-September 2018 of 46 per cent, boosted by the government's 'Build, Build, Build' in the Philippines. SCG’s Philippine sales from July to September expanded by to PHP5.09bn (US$94.8m), from PHP3.48bn during the same period last year. This put its total sales in the Philippines at PHP14.29bn after three quarters, 34 per cent better than the previous year's PHP10.62bn. SCG's sales in southeast Asia, excludin... |
LafargeHolcim 3Q18 sales grow by 5.8%26 October 2018, Published under Cement NewsLafargeHolcim reports that its 3Q18 results saw like-for-like net sales grow by 5.8 per cent and by 5.1 per cent in the first nine months of 2018 compared to the prior-year period. Growth was driven by increased demand as well as sales price increases. Recurring EBITDA grew over-proportionally by a very strong 8.1 percent in 3Q18 compared to 3Q17. Steep cost inflation in energy and logistics was more than offset by the company’s volume growth as well as the effectiveness of its pricing and... |
Cemex's gearing continues to decline to 89%26 October 2018, Published under Cement NewsDuring the first nine months of the year, Cemex cement shipments improved by 3.2 per cent to 52.69Mt, while ready-mixed concrete deliveries advanced by 3.7 per cent to 40.07Mm² and aggregates shipments by two per cent to 112.59Mt. The company’s turnover was seven per cent higher at US$10,933.1m, while EBITDA was a marginal 0.4 per cent ahead at US$1956m. The trading profit improved by one per cent to US$1330m, while the net interest charge dropped by 35.5 per cent to US$591m. The pretax prof... |
PT Holcim Indonesia Tbk shares rise steeply26 October 2018, Published under Cement NewsThe stock price of PT Holcim Indonesia Tbk rose steeply in trading this week. Rumours related to the divestment of shares owned by LafargeHolcim in Indonesia raised optimism in the company’s shares. According to CNBC Indonesia, Thursday, 25 October trading took the company’s share price up by 10.87 per cent to IDR1785/share (US$0.118/share). Trading volume was also quite large reaching 47.02m shares valued at IDR81.5bn. Since May speculation about the release of PT Holcim Indonesia Tbk... |