Cement News tagged under: Weekly Newsletter
US and Puerto Rico cement shipments stable30 August 2018, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico remained stable at around 9.3Mt in June 2018, according to the US Geological Survey (USGS). The leading cement-consuming states (Texas, California, Florida, Ohio, and Georgia) received about 38 per cent of domestic deliveries in June. The leading producing states for Portland and blended cement in June were Texas, Missouri, California, Florida, and Michigan, which accounted for about 41 per cent of the domestic total... |
Boral posts 49% net profit surge in FY1830 August 2018, Published under Cement NewsAustralia’s Boral has announced a 49 per cent YoY surge in in net profit to AUD441m (US$322.45m) for the FY18 ended 30 June. Sales revenue increased 34 per cent to AUD5.9bn, while EBITDA advanced 47 per cent to AUD1.06bn. The significant earnings growth has been attributed to the acquisition of Headwaters Inc in the US, alongside Australia’s booming construction market, according to a press release. "In recent years we have worked to initially fix and then transform Boral’s portfolio to ... |
Ugandan President opens new Simba grinding plant29 August 2018, Published under Cement NewsUganda's President, Yower Museveni, has opened the Tororo grinding plant of Simba Cement and during the opening the owners of the factory announced that they would produce the lowest-priced cement in the country. Plant Manager, Guru Narendra Ravel, said the 50kg bags of cement produced at the Tororo plant would be sold at UGX25,000 (US$6.64), well below the average price of UGX32,000 (US$8.50). Simba Cement, part of National Cement Kenya Ltd, is the second of three cement plants that wil... |
German cement consumption rises to 28.8Mt in 201728 August 2018, Published under Cement NewsGermany consumed approximately 28.8Mt of cement in 2017, roughly 4.8 per cent more than in 2016, according to VDZ. However, much less growth is expected in 2018. VDZ President Christian Knell explains the rise in cement consumption in Germany as follows: "Since 2015 there has been an upward trend on the German cement market thanks to the positive developments in the building construction and civil engineering sectors." In 2017, over 1.3Mt more of cement was used than in the year before. "... |
Vietnam exports continue to soar to record levels28 August 2018, Published under Cement NewsVietnamese exports of cement and clinker soared to 2.251Mt in July 2018, up 61 per cent YoY. Clinker exports reached 1.669Mt in the period, increasing 72 per cent YoY, with higher volumes largely driven by Chinese demand. Total domestic cement consumption maintained its upward trend and reached 5.135Mt in July, advancing seven per cent compared to the year-ago period, according to the Vietnam National Cement Association (VNCA). Sales by VICEM group companies amounted to 1.671Mt in July, ... |
Dalmia Cement plans to double capacity in east27 August 2018, Published under Cement NewsDalmia Cement (Bharat) Ltd, India, plans to double its cement manufacturing capacity in the east to 17Mta in 24 months at a total investment of INR35,000m (US$499m), said a top official according to The Hindu. “Currently, we have four units operating in the east producing 8.5 million tonnes of cement annually,” said Mahendra Singhi, group CEO, cement and whole-time director, DCBL. “As part of our expansion plan, we have decided to put up two new units in Odisha and one each in Bihar an... |
CRH announces revenue increase in 1H1823 August 2018, Published under Cement NewsCRH has reported its results for the half-year period ended 30 June 2018, announcing a slight increase in revenue of one per cent YoY to EUR11.9bn (US$13.76bn). Similarly, overall EBITDA rose one per cent to EUR1.13bn, while the EBITDA margin remained consistent at 9.5 per cent. Profit after tax reached EUR378bn, advancing nine per cent from EUR346bn in the year-ago period. The company has recorded divestments of EUR2.9bn and acquisitions of EUR3.4bn in the first six months of the year, whi... |
UltraTech receives approval to acquire cement business22 August 2018, Published under Cement NewsUltraTech has announced that it received approval from the Competition Commission of India (CCI) to acquire the cement business of Century Textiles and Industries. UltraTech is expected to acquire the cement business through a share swap deal to consolidate its position as a market leader. Century Textiles has three integrated facilities with a total capacity of 11.4Mta and a 2Mta grinding unit. |
Adelaide Brighton records net profit increase in 1H1822 August 2018, Published under Cement NewsAustralia's Adelaide Brighton has posted a 17.7 per cent YoY increase in net profit to AUD84.5m (US$62m) in the 1H18. Revenue saw a rise of 11.7 per cent to AUD807.2m, on the back of strong markets in New South Wales, Queensland and Victoria. "It's really pleasing to deliver record half-year financial results and dividends for our shareholders. Revenue, EBIT, net profit, cash flow and dividends were all first-half records," said Martin Brydon, CEO, Adelaide Brighton. The company expect... |
Bestway Cement records profits of PKR13.157bn21 August 2018, Published under Cement NewsBestway Cement Ltd (BCL) has recorded a profit of PKR13.157bn (US$107.2m), down by one per cent YoY, in the fiscal year ended 30 June 2018. According to financial results received by Pakistan Stock Exchange (PSX) on 17 August 2018, the company announced an interim cash dividend of PKR0.3/share. No bonus or right shares were announced. The company's net sales increased to PKR77.11bn from PKR71.44bn in the same period a year ago. It incurred a distribution cost of PKR1.62bn against PKR1.5... |