Cement News tagged under: Weekly Newsletter
Cemtech MEA 2017 provides GCC focus for an international audience20 February 2017, Published under Cement NewsDelegates from over 30 countries, including all of the Gulf Cooperation Council's member states, gathered at the Grand Hyatt Dubai, in UAE, for this year's Cemtech Middle East and Africa conference and exhibition. Santhosh Balakrishnan of Riyad Capital (Saudi Arabia) highlights the demand drivers and outlook for the Saudi cement industry. Thomas Armstrong, managing editor of International Cement Review, welcomed guest of honour, His Excellency Sheikh Yasir Bin Ahmed Bin Hu... |
Uruguay: government-owned plants losing money20 February 2017, Published under Cement NewsUruguay's budget deficit reached four per cent of GDP during 2016, equivalent to US$2.043bn, the worst performance since 1989, according to the latest figures released by the government's statistics office, INE. 2015 ended with a budget deficit of 3.6 per cent of GDP, which also set a record only comparable to 2002 (3.7 per cent). Government-owned cement plants have been losing money at a rate of US$40m/year. Equipment to renew one of its plants, including a kiln costing over US$200m, is ... |
South Korea: preferred bidders named in US$567m Hyundai deal17 February 2017, Published under Cement NewsHanil Cement Company and LK Investment Partners have been named as the preferred bidders to acquire Hyundai Cement, reports South Korea's Pulse. The two firms submitted a bid of KRW650bn (US$567m) for an 84.56 per cent stake in Hyundai. The acquisition would make Hanil Cement the largest producer in South Korea, with a market share of more than 30 per cent. The bid values Hyundai at nearly 60 per more than its current market capitalisation of KRW486bn. A final deal is expected to be si... |
Cembureau welcomes European Parliament's approach to EU-ETS policymaking16 February 2017, Published under Cement NewsCembureau has reponded to this week's vote in Strasbourg by the European Parliament, welcoming its decision not to deliberately discriminate between sectors and to apply a fact-based approach to policymaking on the EU-ETS post-2020 bill. Cembureau said the proposals adopted by MEPs go some way to developing an EU-ETS, which combines the goals of making Europe’s industry more CO 2 efficient, while maintaining its competitiveness. Cembureau welcomes, in particular: • The inclusion of dynamic... |
Boral's Australian cement turnover declines16 February 2017, Published under Cement NewsBoral's turnover for the six months to the end of December declined by 4.6 per cent to AUD2093m (EUR1497m), largely reflecting the transfer of US Bricks to joint venture status and the completion of two LNG projects as well as the decline in Western Australia. EBITDA improved by 3.5 per cent to AUD333m (EUR238m) while the trading profit advanced by 5.5 per cent to AUD211m (EUR151m). After a net interest charge 12.9 per cent lower at AUD27m (EUR19m) the pretax profit improved by 8.9 per ce... |
USA: Martin Marietta 4Q16 and full-year results15 February 2017, Published under Cement NewsFor the 4Q16 Martin Marietta achieved net sales of US$889m compared with US$780.8m in the 4Q15. EBITDA was US$229.7m compared with US$204.4m in 4Q15. For the full year, net sales were US$3.58bn, compared with US$3.27bn in 2015. EBITDA was US$971.6m, compared with US$750.7m. Chairman, President and CEO of Martin Marietta, Ward Nye, said: "Every business across our enterprise continues to make meaningful contributions to the Company's enhanced profitability. The Southeast Group and the We... |
Peru: Cementos Pacasmayo sees 13% drop in sales in 4Q1615 February 2017, Published under Cement NewsPeru's Cementos Pacasmayo saw its cement, concrete and blocks sales decline by 12.7 per cent YoY in 4Q16. However, there was extraordinary spending associated with El Niño prevention in the quarter. Compared to 3Q16 sales volumes increased. Revenues decreased 9.8 per cent YoY to PEN316.7m (US$97.2m) while consolidated EBITDA fell 20.4 per cent YoY to PEN88.8m. The fall in EBITDA has been attributed by higher fixed costs, resulting from the lower sales volumes, as well as one-off expenses ... |
HeidelbergCement releases 4Q16 and 2016 results14 February 2017, Published under Cement NewsHeidelbergCement saw its cement volumes rise by 50 per cent YoY to 30.8Mt from 20.5Mt in the 4Q16, according to a company statement. Aggregates sales volumes recorded an increase of 16 per cent YoY to 73.3Mt (previous year: 63.3Mt). They include the shipments of Italcementi in France, Italy, Spain, Greece, Morocco and North America. In the 4Q16 total ready-mixed concrete deliveries rose also due to consolidation effects by 27 per cent to 12.1Mm 3 (previous year: 9.6Mm 3 ). Grou... |
European Parliament to vote on removing cement sector ETS exemption08 February 2017, Published under Cement NewsOn February 15 the European Parliament will vote on a report from its environment committee on the reform of the EU's emissions trading scheme (ETS). Among the recommendations in the report is the suggestion that the practice of allocating permits to the cement sector covering all of its emission be stopped. According to reports in the Parliament Magazine, MEPs have been subjected to ‘intense’ lobbying from the cement industry. "The lobbying has been intense with representatives from t... |
Ireland: Quinn Cement open Warrenpoint export hub08 February 2017, Published under Cement NewsQuinn Cement has establised a new cement export hub in Warrenpoint Harbour in Co Down, Ireland, in a GBP2.5m (EUR2.9m) investment. With a capacity to move 7500t, the export facility will service Quinn Cement's base in Co Cavan. The hub will be operated over a 10-year period in conjunction with the Warrenpoint Harbour Authority. Final commissioning for the project was approved at the end of January. The investment will complement the GBP1.3m upgrade to the Quinn Cement import facility ... |