Cement News tagged under: Weekly Newsletter
Cementir boosted by full-year results from Belgium15 February 2018, Published under Cement NewsCementir Holding's turnover in 2017 increased by 25.3 per cent to EUR1287.5m and EBITDA was ahead by 11.5 per cent to 220.5m. As regards the continuing business, the turnover advanced by10.9 per cent to EUR1140.0m and EBITDA emerged 13.3 per cent ahead at EUR224.2m, while the trading profit showed a 50 per cent advance to EUR142m. Net debt at the end of 2017 was 4.6 per cent lower at EUR536.6m, while capital investment in the year increased by 33.9 per cent to EUR92m. Since the year end, ... |
CCI finds six companies have formed a cartel14 February 2018, Published under Cement NewsIn a preliminary investigation, the Competition Commission of India (CCI) has found that six cement companies have formed a cartel. Although this enquiry focussed on the northeast region it will widen to other locations, reports the Business Standard. "In fresh investigations, six large cement manufacturing firms have been found to be forming a cartel," said a source close to the development. In 2016, 11 companies and the Cement Manufacturers Association were issued a total penalty of ... |
Siam Cement record revenue increase in 201714 February 2018, Published under Cement NewsSiam Cement has released its financial results for the full-year period ended 31 December 2017. Revenue reached THB450.9bn (US$14.34bn), an YoY increase of six per cent from THB423.4bn. Net profit fell two per cent to THB55bn from THB56bn of 2016, due to weakness in the domestic cement and building materials operations. However, EBITDA advanced four per cent to finish at THB102bn. In the 4Q17 the company recorded a significant 14 per cent YoY increase in revenue to THB113,400. Net profit ... |
Cementos Argos sees revenues rise, but Colombia challenges income13 February 2018, Published under Cement NewsArgos reported an improvement in its revenues for 4Q17 with stable sales for the full-year 2017. While EBITDA results fell both for 4Q17 and 2017, adjustment for non-recurring severance payments and anticipated pensions took out some of the sting as adjusted EBITDA margins for 4Q17 and 2017 reached 17.8 and 17.3 per cent, respectively. However, positive dynamics in the USA and the Caribbean and Central America regions could not fully offset a more challenging home market in Colombia and the ... |
Brazil sales slip in January13 February 2018, Published under Cement NewsBrazilian cement sales were down 0.1 per cent YoY to 4.33Mt in January 2018, according to the country’s cement association, SNIC. Average sales per working day increased 0.2 per cent but apparent consumption fell 0.5 per cent to 4.44Mt. The results were in line with SNIC’s expectations, with sales expected to fall in 1Q18 before seeing increases in the 2Q18. In the 12 months ending January 2018 domestic sales saw an accumulated decrease of 6.2 per cent in comparison with the previ... |
FLSmidth reports positive overall results08 February 2018, Published under Cement NewsFLSmidth released its annual report on Wednesday and reported a five per cent order increase to DKK19.17bn (US$3.15bn) in 2017, driven by stronger offtake in the minerals division in 2H17 and by total service activities, but revenue declined one per cent to DKK18bn. Full-year EBITA advanced 18 per cent YoY to DKK1.515bn from DKK1.289bn in 2016, while the corresponding EBITA margin rose from 7.1 to 8.4 per cent. "2017 probably marked the trough of the business cycle, and based on our goo... |
Taiheiyo Cement sees revenue increase in 9M1708 February 2018, Published under Cement NewsTaiheiyo Cement has reported its financial results for the nine-month period ended 31 December 2017. The group revenue has increased to JPY653.06bn (US$5.95bn) from JPY592.21bn seen in the year-ago period. Similarly, operating profit grew to JPY48.68bn from JPY44.23bn of the 9M16. However, net profit has fallen considerably, finishing at JPY32.53bn in the 9M17 (9M16: JPY57.12bn). The company also released its outlook for the fiscal year period ending March 2018. The group revenue is expec... |
Tasek posts MYR5.94m loss in 4Q1708 February 2018, Published under Cement NewsMalaysian cement producer Tasek Corp Bhd reported a net loss of MYR5.94m (US$1.51m) for the fourth-quarter of 2017, down from the MYR2.14m profit in 4Q16. The company’s turnover fell 16 per cent YoY to MYR135.26 on the back of lower domestic cement sales and a lower average net selling price for cement and ready-mixed concrete, according to The Malaysian Reserve newspaper. The outlook for 2018 is mixed as the property market is expected to continue to weigh on cement demand. However, c... |
Cemex speeds up Maceo opening08 February 2018, Published under Cement NewsCemex Latam Holding has confirmed that it is solving the legal issues that prevent the opening of its new plant in Maceo, Antioquía, Colombia. The inauguration of the works was postponed in May 2017 after authorities found the plant did not have all required permits to start operation. Jaime Muguiro, the company’s president, said the company was still awaiting authorisation for the capacity expansion. At present, capacity is limited to 0.25Mta, but Mr Muguiro indicated that the facili... |
US market continues to improve in 201705 February 2018, Published under Cement NewsCement sales in the US increased modestly in 2017 with a value of around US$12.4bn and an apparent consumption of 96.8Mt, up from 94.2Mt in 2016, according to the US Geological Survey (USGS). Production of Portland cement in the US edged up to 85.9Mt in 2017 from 84.5Mt the previous year, but output of masonry cement remained level. Cement was produced at 98 cement works in 34 states plus two plants in Puerto Rico. To meet domestic market requirements, the US imported around 12Mt of c... |