Cement News tagged under: Weekly Newsletter
CRH to create new global Building Products division31 May 2018, Published under Cement NewsCRH plc will establish a new global Building Products division from 1 January 2019, bringing together its Europe Lightside, Europe Distribution and Americas Products divisions. Under the leadership of Keith Haas (currently President, Americas Products), this new platform will operate alongside our Americas Materials and Europe Materials divisions, leveraging CRH's scale and network opportunities across the company's global products businesses, CRH stated. David Dillon (currently President... |
TCL announces TTD49m operating loss in 201730 May 2018, Published under Cement NewsTrinidad Cement Ltd (TCL) has announced its results for the full-year 2017 period, reporting an operating loss of TTD49m (US$7.26m) on the back of unprecedented storms in its eastern Caribbean markets and the economic downturn in Trinidad and Tobago. "These factors led to a decrease in revenue by nine per cent on a year-to-year basis compared to TTD1.7bn from 2016. Jamaica was an exception for TCL and continues to display robust economic growth, driving higher demand for our products in th... |
India Cements reports 56% slide in FY17-18 profits29 May 2018, Published under Cement NewsIndia Cements Ltd reported a 56 per cent fall in net profits for the year ending 31 March 2018. Consolidated net profit decreased to INR707.2m, down from INR1.631bn in the previous financial year. Revenues dropped by seven per cent from INR58.802bn in FY16-17 to INR54.567bn one year later. India Cements Vice-Chairman and Managing Director, N Srinivasan, attributed the slide in profits to a reduction of INR200/t in cement prices and higher fuel, energy and other production costs. Ho... |
Bangladesh demand to grow 8-10%, but overcapacity to persist29 May 2018, Published under Cement NewsBangladesh cement demand is expected to grow by 8-10 per cent in the next five years, according to Masud Khan, CEO of Crown Cement Group. Last year cement consumption reached 27.1Mt, significantly below the country’s total cement production capacity of 50.2Mta. Domestic cement companies met around 82 per cent of this demand while imports supplied the balance. Anticipating higher sales due to ongoing and planned megaprojects, Bangladeshi cement manufacturers doubled their capacity in 2... |
Adverse weather and foreign currency exchange affect Titan's 1Q1824 May 2018, Published under Cement NewsΤitan Group 1Q18 results suffered from adverse weather conditions in the US and southeastern Europe, coupled with the strengthening of the euro against the US dollar and other currencies. Consolidated turnover reached EUR322.5m, recording a EUR39m decline compared to the previous year. EBITDA declined by EUR7.6m reaching EUR43.5m. Net profit after minorities and the provision for taxes was EUR0.9m, versus a EUR3.9m loss recorded in the 1Q17. Wet weather on the eastern coast of the ... |
Brazilian cement sales in April report 9% increase23 May 2018, Published under Cement NewsCement sales in Brazil increased 8.9 per cent to 4.352Mt in April 2018 when compared with 3.997Mt in April 2017, according to preliminary industry data published by the country’s cement association, SNIC. Exports were up 40 per cent to 7000t in April 2018 from 5000t from the year-ago period. According to the President of the National Union of the Cement Industry (SNIC), Paulo Camillo Penna, the increase in cement sales in April was directly impacted by the number of working days: "We had ... |
Vicem announces 7% sales increase23 May 2018, Published under Cement NewsVietnam’s leading cement producer, Vicem, has announced a 6.7 per cent YoY increase in sales of clinker and cement to 9.2Mt for the first four months of 2018, according to Vietnam News. In the same period, the company’s clinker and cement output also increased five and 1.5 per cent to 6.49Mt and 7.24Mt, respectively. Vicem aims to produce 1.8Mt of clinker and 2.5Mt of cement in May alone, while its cement and clinker sales are expected to reach 2.7Mt in the month. Outlook for 2018 In... |
Semen Indonesia sees 9% rise in 4M18 group sales22 May 2018, Published under Cement NewsSemen Indonesia's export sales more than doubled in April to 279,945t from 118,401t in April 2017. Meanwhile, the company’s domestic cement sales remained largely stable in April at 2,116,468t. The group’s Vietnamese subsidiary, Than Long Cement JSC (TLCC), increased its sales by 3.1 per cent to 179,050t in April from 173,725t a year ago, while its exports advanced to 91,149t from 43,900t in April 2017. Total group sales in April 2018 rose by 8.7 per cent to 2,664,722t, up from 2,452,4... |
Duna-Dráva Cement completes plant renovation22 May 2018, Published under Cement NewsDuna-Dráva Cement Kft has announced that a HUF7bn (US$26.12m) project to improve sustainability at its facility in Vác, Hungary, has been completed. Construction work took place between 2016-18, with the newly-renovated plant inaugurated on 18 May. The project has been successful in significantly reducing dust emissions, according to the Budapest Business Journal. A new filter system ensures that dust is contained, even in a malfunction or power outage. |
UltraTech set to acquire Century Textiles' cement business21 May 2018, Published under Cement NewsUltraTech has announced plans to acquire the cement sector of Century Textiles through a share swap deal, which will further strengthen its presence in the eastern and central markets of India. The deal is expected to be completed within 6-9 months following regulatory approval and will increase the efficiency of the company. "The operations will be bolstered by economies of scale arising out of synergies in procurement and logistics costs; creation of efficiencies by reducing time to mar... |