Cement News tagged under: Weekly Newsletter
Lafarge Africa revenue rises26 April 2017, Published under Cement NewsLafarge Africa Plc announced a profit after tax of NGN5.2bn (US$17m) versus NGN1.9bn in the same period of last year driven by an increase in revenue, comparatively higher gross margin and higher investment and other income. Cement revenue grew by 61 per cent YoY, as relatively higher prices in both Nigeria and South Africa more than offset the lower sales volume experienced in both markets. In Nigeria volumes grew by six per cent compared to the final quarter of 2016 but were down by 12 ... |
UltraTech Cement FY17 sales edge ahead25 April 2017, Published under Cement NewsUltraTech Cement, an Aditya Birla group company, yesterday reported consolidated sales for FY17 of INR250.92bn (US$3.89bn) against INR248.8bn in the previous year. Profit before interest, depreciation and tax of INR58.61bn was nine per cent higher and profit after tax up 10 per cent YoY to INR27.15bn. Domestic grey cement sales was 47.62Mt, virtually flat on the 47.13Mt recorded a year earlier. For the final quarter of FY17, volumes reached 13.35Mt compared to 13.32Mt in the same quarter... |
Côte d'Ivoire: LafargeHolcim plans to double output potential from May20 April 2017, Published under Cement NewsAs of May, LafargeHolcim intends to double its production capacity in Côte d’Ivoire to 2Mta. The expansion will primarily be the result of a new crusher with a capacity of 1Mta, which is currently being installed. "Lafarge Holcim CI is now, more than ever, organised to meet the increasing demand of the market. The construction of our new crusher will be completed within a month. It's a big investment that will allow us to produce an additional million tonnes of cement incrementally, st... |
CIMAF Cameroon to triple production capacity20 April 2017, Published under Cement NewsCIMAF Cameroon has announced that it will triple its current 0.5Mta production capacity to 1.5Mta by 2018 on the back of domestic market growth. "At the end of this extension, CIMAF Cameroon intends to consolidate its position as a major player in the local and sub-regional market," according to the company’s statement. The project will put the Moroccan-owned cement producer on a par with Dangote, which currently owns a 1.5Mta grinding unit at Douala. |
Yamama Saudi Cement quarterly profit down 66%20 April 2017, Published under Cement NewsYamama Saudi Cement reported a net profit of SAR50.8m (US$13.5m) in the first quarter of 2017, translating into a YoY drop of 66 per cent due to a decline in operating profit. Gross profit in the period was also down by 66 per cent YoY to SAR63m on the back of lower sales volumes and average realised price per tonne. Revenue fell 41 per cent YoY to SAR220m. Cement volumes amounted to 1.24Mt in the first quarter of the year, down 25 per cent YoY but up by three per cent compared to the p... |
Semen Indonesia Rembang plant ready for 1H17 start19 April 2017, Published under Cement NewsSemen Indonesia has said it will commence production from its cement plant in Rembang, Central Java, in the first half of 2017. Company president director, Rizkan Chandra, said the cement producer respects the results of a meeting held at the Presidential Staff Office in Jakarta last week. “In view of the results of the meeting, as the remaining issue was [to address] Watuputih CAT [groundwater basin], Semen Indonesia will begin production in Rembang. We expect to start commercial opera... |
Brazil 1Q cement sales down 8% YoY19 April 2017, Published under Cement NewsCement sales in Brazil during the first quarter of 2017 declined by eight per cent YoY to 12.9Mt, according to the latest data from Sindicato Nacional da Indústria do Cimento (SNIC). In March 2017 cement sales declined by 4.4 per cent YoY to 4.7Mt. During the past 12 months (April 2016-March 2017) cumulative sales totalled 56.2Mt, 10.2 per cent less than the comparative period a year earlier. Cement consumption (including imports) totalled 4.8Mt in March, in the 12 months to the end... |
Vietnam 1Q exports rise 11% YoY18 April 2017, Published under Cement NewsVietnam exported 4.82Mt of cement and clinker worth US$168.65m in the first quarter of this year, representing 11 per cent increase YoY in volume and 6.4 per cent in value, according to the latest data of the General Department of Vietnam Customs. In March the country’s clinker and cement exports rose 7.8 per cent from February in volume and 7.6 per cent in value to 1.8Mt worth US$62.67m, the Xay Dung online newspaper quoted the government department as saying. Bangladesh remained the ... |
Croatia's cement sector still craves an upturn13 April 2017, Published under Cement NewsCroatia's market has been top of the news in the EU with the commission's decision to block the sale of Cemex's Croatian cement plants to Duna-Drava Cement of Hungary, jointly-owned by HeidelbergCement and Schwenk Zement. The commission was said to be concerned with the situation that after the transaction the largest cement producer in Croatia would also be the largest importer and would virtually dominate the southern Croatian market. Currently competition in Croatia consists of ... |
Pakistan nine-month sales up 7% YoY12 April 2017, Published under Cement NewsCement sales in Pakistan increased by seven per cent YoY in the first nine months of the current fiscal to reach 30.304Mt, latest data from the All Pakistan Cement Manufacturers Association (APCMA) reveals. Of this total, domestic demand was up by 11 per cent but exports fell by 15 per cent. I n March 2017 alone, sales almost totalled 4Mt versus 3.583Mt in the same period a year earlier. However, exports plunged by 60 per cent during the month. A spokesperson for the APCMA said that ceme... |