Cement News tagged under: Weekly Newsletter
Argentina's cement demand falls 6% in July08 August 2018, Published under Cement NewsArgentina’s cement market contracted by 6.3 per cent in July 2018 when compared with the previous year, according to the country cement association, AFCP. Domestic consumption fell from 1,016,589t in July 2017 to 952,220t one year later. Nationwide dispatches by Argentine producers declined to 949,680t fro 1,007,897t, down 5.8 per cent YoY. In addition, imports slumped from 8692t in July 2017 to 2540t in July 2018. Total domestic output decreased 5.9 per cent to 952,350t in July 2018 fro... |
Vicat sees strong growth in net profit07 August 2018, Published under Cement NewsVicat's 1H18 turnover improved by 2.7 per cent to EUR1281m, or by 9.6 per cent on a comparative basis. EBITDA advanced by 4.5 per cent to EUR197m, or by 12.3 per cent on a comparative basis, and the margin improved from 15.1 to 15.4 per cent. The trading profit rose by 21.3 per cent to EUR104m, while the net interest charge was EUR1.8m lower at EUR11.1m, giving an attributable profit 47.2 per cent higher at EUR59m. The net debt at the end of the period amounted to EUR895m, an 11 per cent red... |
Eagle Materials sees record revenues06 August 2018, Published under Cement NewsEagle Materials Inc saw its 1QFY18-19 revenues hit record levels at US$393.8m, up eight per cent YoY. Net earnings rose 12 per cent from US$54.882m in 1QFY17-18 to US$66.339m in 1QFY18-19. The company saw its results mainly impacted by a US$6.5m pretax increase in maintenance expenses, primarily due to the timing of the annual maintenance outage at the Fairborn cement plant, but also by a US$1.8m litigation loss at its Paperboard subsidiary and US$1.6m of start-up costs at its new frac san... |
Birla Corp plans 3.9Mta plant in Maharashtra06 August 2018, Published under Cement NewsIndia's Birla Corp Ltd has announced that its RCCPL subsidiary plans to set up a 3.9Mta facility in Mukutban, Maharashtra, at an investment cost of INR24.5bn (US$356.8m). The project includes a 40MW captive power plant and a 10.6MW heat recovery system. The plant has already received environmental clearance, and is expected to be financed through a mix of debt and internal accruals. The move will increase Birla group’s capacity to 19.5Mta in the 2021-22 period, compared to the current 15.5... |
Buzzi Unicem's 1H18 net sales fall to EUR1337.4m03 August 2018, Published under Cement NewsBuzzi Unicem's net sales for the 1H18 were down 1.2 per cent to EUR1337.4m compared to EUR1353.8m in 2017, while EBITDA decreased by 5.7 per cent from EUR241.1m to EUR227.4m. The currency trend had a net unfavourable impact of EUR72.2m on net sales and EUR18.8m on EBITDA. The income statement for the six months closed with a net profit of EUR123m, compared to EUR117.6m in the same period of 2017. Consolidated EBITDA amounted to EUR227.4m, versus EUR241.1m in 2017 (-5.7 per cent). Cement ... |
HeidelbergCement attracted to possible LafargeHolcim Indonesia sell-off02 August 2018, Published under Cement NewsHeidelbergCement could buy parts of LafargeHolcim's business in Indonesia that is up for sale, says HeidelbergCement CEO, Dr Bernd Scheifele. LafargeHolcim is planning to raise around CHF2bn (US$2.02bn) from selling assets as it reduces its operations, with speculation that its business in Indonesia could be among the candidates for sale, claims Reuters. "LafargeHolcim is in the market regarding the sale of its entire Indonesia business. In principle we always look at such topics... but it... |
Paraguay's INC to inaugurate new Villeta mill02 August 2018, Published under Cement NewsIndustria Nacional del Cemento (INC) will inaugurate its new US$11.5m cement mill tomorrow, enabling the plant to increase production by 50 per cent, according the cement company. The new 80tph mill has been operational since February, working in parallel with the old mill, which was installed in 1985. Output is expected to rise to 390,000t at Villeta. As a result, the company expects to increase its market share from a current 51 per cent to 70-75 per cent and increase revenues by US$50m. |
Colombian cement market contracts 4% in June 201831 July 2018, Published under Cement NewsNational cement demand in Colombia declined 4.1 per cent to 943,200t in June 2018 from 983,500t in June 2017, according DANE, the country’s statistics office. The fall in consumption was attributed to a 12.4 per cent YoY drop in off-take by construction companies and contractors. Retail sales also fell by 3.8 per cent YoY. Ready-mix companies increased their purchases by 3.6 per cent while prefab segment buying was 7.3 per cent higher. In terms of regional demand, Bogotá saw sales fal... |
InterCement IPO set for 201931 July 2018, Published under Cement NewsBrazil's InterCement Participações SA of Brazil plans an initial public offering (IPO) of its operations in Europe and Africa early next year, reports Reuters. InterCement would sell up to 49 per cent of the unit, which will group the activities in these countries, the sources added. In a statement to Reuters, InterCement confirmed the IPO plans. "InterCement is considering an IPO of its assets in Portugal and Africa, proceeding with the deleveraging process that has been publicly announ... |
Zambia starts work on new 1Mta cement plant30 July 2018, Published under Cement NewsZambia's President, Edgar Lungu, has officially launched China National Building Materials' (CNBM) cement plant in Chongew Mapande Industrial Park, Zambia. The project will be undertaken in two phases, creating over 400 direct jobs and a further 2500 jobs for Zambians once fully operational. "The first phase which is being commissioned today has a total investment of US$200m and consists of 1Mt cement production line per year, a 60m pan brick production line, a 200,000Mm 3 of pr... |