Cement News tagged under: Weekly Newsletter
USA: Martinsburg plant sale to reduce HeidelbergCement's debt funding12 September 2016, Published under Cement NewsThe gap to repay a EUR2.7bn bridge facility that supports HeidelbergCement's purchase of Italcementi is set to close, once the HeidelbergCement cashes in the sale of its Martinsburg cement plant. On 8 September HeidelbergCement sealed an agreement to sell Essroc's plant in West Virginia to Colombian cement producer Cementos Argos for EUR580m. This follows HeidelbergCement's acquisition of Italmobiliare in July for EUR6bn. Talking on the sale of Martinsburg, analysts from Moody said:... |
Holcim Indonesia sees sales volume grow by 21.1% in 1H1609 September 2016, Published under Cement NewsPT Holcim Indonesia Tbk, part of the LafargeHolcim Group, noted that domestic sale prices of cement dipped 17 per cent in 1H16, but the company still achieved 11.5 per cent increase in sales revenues to IDR4.8tn (US$3.66m) and a 10 per cent improvement in absolute gross profit. This price erosion is expected to continue, the company said. An enlarged operation which includes Lhoknga cement plant in Aceh, acquired in February 2016, supported the company's sales volume growth up by 21.1 per ... |
Argentina reports upturn in cement demand in August08 September 2016, Published under Cement NewsCement dispatches in Argentina increased by 6.7 per cent YoY in August, according to preliminary figures published by the Argentine cement association, AFCP. The domestic market required the supply of 1,042,862t, up from 977,469t in August 2015. Argentine output was supplemented by 1.366Mt of imports, unlike the same period of the previous year when no imports entered the country. Exports fell by nearly 20 per cent from 4.152Mt in August 2015 to 3.33Mt one year later. For the first ei... |
US cement shipments for June reach 9.2Mt08 September 2016, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico in June 2016 were about 9.2Mt, up by 2.7 per cent from sales in June 2015, reports the US Geological Survey. The leading cement-consuming states (Texas, California, Florida, Illinois, and Ohio, in descending order) received about 35.7 per cent of the June shipments. Sales for January through June totalled 43.8Mt, up by 7.4 per cent from the volume in the same period in 2015. The leading producing states... |
Kohat Cement reports profit increase of 32.7%05 September 2016, Published under Cement NewsKohat Cement announced a profit after tax of PKR4.4bn (US$42.1m) for the financial year ending 30 June 2016, a 32.7 per cent increase from the PKR3.2bn achieved in the corresponding period last year. Gross profit was posted at PKR6.49bn compared to PKR4.81bn in the previous year. In the given period, net sales increased 12.4 per cent to PKR14.02bn compared to PKR12.47bn in the previous year. Cost of sales for the same period was reported at PKR7.5bn, a slight decrease from the PKR7.65bn p... |
Cimpor takes massive provisions in Brazil02 September 2016, Published under Cement NewsCimpor's first-half turnover dropped by 31.1 per cent to EUR897.3m, while EBITDA declined by 39.1 per cent to EUR170.1m. The amortisation and provision charge jumped from EUR100.6m to EUR527.9m as a result of a EUR433m good-will impairment charge relating to Brazil. This led to the trading result falling from a profit of EUR178.6m to a EUR357.7m loss and after a 9.2 per cent increase in the net financial charge to EUR182.2m there was a pretax loss of EUR539.9m against a profit of EUR11.8m. A... |
Lucky Cement's profits up 9.3%02 September 2016, Published under Cement NewsAs a result of an increase in turnover, Lucky Cement's full year profits increased by 9.3 per cent. The company reported earnings of PKR16.15bn (US$154.67m) compared to PKR14.78bn for the same period last year. These results are in line with the market expectations. Net sales were recorded at PKR98.65bn, compared to PKR96.47bn last year, and cost of production fell from PKR56.43bn to PKR54.24bn. A gross profit of PKR27.9bn was recorded, an 8.6 per cent increase from PKR25.68bn in the pre... |
Malaysia: CMSB 1H16 cement profits down 24%01 September 2016, Published under Cement NewsCahya Mata Sarawak Berhad (CMSB) has announced its earnings figures for the first half of 2016, including those of its cement division. This recorded a pretax profit of MYR41.7m (US$10.2m) on revenues of MYR275m. Both figures were down on those from the same period in 2015, with profits falling by 24 per cent and revenues 6.6 per cent lower. Profits fell faster than revenues due to CMSB’s increased reliance on imported clinker following plant shutdowns and the falling value of the ringgit... |
CRH more than doubles EBITDA to EUR1.12bn in 1H1625 August 2016, Published under Cement NewsCRH plc announces that its 1H16 sales increased by 35 per cent to EUR12.7bn and EBITDA more than doubled on the same period a year ago to EUR1.12bn. Building material sales rose on a proforma basis by eight per cent on 2015, including an increase of 13 per cent in the Americas, three per cent up in Europe and four per cent ahead in Asia. After depreciation and amortisation charges of EUR532m (1H15: EUR366m), first-half operating profit amounted to EUR588m (1H15: EUR189m). Americas Ce... |
Indonesia: July cement demand up slightly, stronger growth anticipated24 August 2016, Published under Cement NewsAccording to figures released by the Indonesian Cement Association (ASI), cement demand in July was up slightly YoY, despite falling by 29 per cent compared to June, Indonesian Investments reports. Taken as a whole, the first seven months of 2016 have seen consumption rise by four per cent above the same period in 2015. However, demand remains below that recorded in 2014. The industry’s failure to regain its previous peak has been partly attributed to the government’s slow pace of spen... |