Cement News tagged under: Weekly Newsletter
Indonesia sees 3% rise in Feb sales10 March 2016, Published under Cement NewsCement sales in Indonesia rose three per cent YoY to 4.45Mt in February 2016 from the same month one year earlier. Widodo Santoso, chairman of the Indonesia Cement Association (ASI), attributed the country's rising cement sales to the ongoing development of infrastructure projects across the archipelago. Three regions showed a marked increase in cement sales last month: Sumatra (+16.5 per cent YoY to 2.13Mt), Sulawesi (+33 per cent YoY to 841,000t) and the Moluccas & Papua (+31 per c... |
CEMBUREAU 4Q15 Economic Report: modest growth across EU, some clouds on horizon10 March 2016, Published under Cement NewsCEMBUREAU's Quarterly Economic Report for 4Q15, published yesterday, shows that no EU countries experienced recession in 2015. However, the latest quarterly data revealed that economic growth did not gain momentum in 4Q15 on a quarterly basis, with very modest growth rates recorded in all major EU economies, ie 0.3 per cent in the EU28 and Germany, 0.2 per cent in France and 0.1 per cent in Italy. The European cement association warns that there are growing fears of a deterioration in the... |
Breedon's full-year trading performance09 March 2016, Published under Cement NewsBreedon Aggregates Ltd reported continued improvement in trading performance for full-year 2015, with record results from both England and Scotland. Group revenue increased by 18.1 per cent to GBP318.5m as the UK construction sector continued to recover. Breedon reported that trading conditions in England remained stronger than in Scotland, but both divisions delivered record results in 2015. Group underlying EBITDA increased to GBP54.9m and its underlying EBITDA margin improved to 17... |
Cementir given antitrust approval for Sacci deal08 March 2016, Published under Cement NewsThe Italian Antitrust Authority has approved Cementir’s offer to purchase Sacci Spa's cement and ready-mix concrete business divisions. In a statement released yesterday, Cementir Holding said the Italian watchdog had published its decision not to carry out an investigation into the transaction, thus authorising subsidiary Cementir Italia to proceed with the acquisition. Sacci’s composition with creditors will be submitted to the vote of its creditors at a hearing set by the Court for ... |
US full-year shipments reach 91.5Mt07 March 2016, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico in 2015 totalled 91.5Mt, up 3.5 per cent compared to the previous year, latest data from the US Geological Survey shows. In December 2015 alone, shipments were about 6.6Mt, up by 5.6 per cent YoY. The leading producing states for Portland and blended cement in December were Texas, California, Missouri, Florida and Alabama, in descending order. The leading consuming states (Texas, California, Florida, New York and Illin... |
CRH full-year sales 25% ahead03 March 2016, Published under Cement NewsCRH's turnover rose by 25 per cent in 2015 to EUR23,635m while the EBITDA advanced by 35.2 per cent to EUR22198m. The trading profit increased by 39.3 per cent to EUR1277m. The net interest charge rose by 19.9 per cent to EUR295m and there was a EUR101m gain on disposals, compared with EUR77m in 2014, which led to a pre-tax profit 35.7 per cent higher at EUR10331m. The net attributable profit was 24.4 per cent ahead at EUR724m. Net debt at the end of December was 57.3 per cent higher at EU... |
Jamaica: CCCL posts higher full-year earnings03 March 2016, Published under Cement NewsCaribbean Cement Co Ltd (CCCL) posted JMD1.54bn (US$12.7m) in earnings for year ending December 2015, compared to the JMD139m a year earlier. The increase by the Jamaica-based producer, part of the TCL Group, comes despite big severance payouts. The separation of some former managers and voluntary redundancies late last year cost CCCL JMD436m. Among these, Anthony Haynes, who resigned from office as general manager last April to make room for Alejandro Varés as the new head, was the most ... |
Holcim Philippines net profit surges 58% YoY02 March 2016, Published under Cement NewsHolcim Philippines Inc said Wednesday net profit in 2015 surged 58 per cent YoY to PHP8.1bn (US$171m) on strong sales and a large one-off gain on investment. The company said it booked a PHP2.6bn advance from the revaluation of an investment in an affiliate while revenue rose 15 per cent to PHP37.5bn due to increased government spending in infrastructure projects and higher construction activity. Holcim Philippines Inc has an estimated cement capacity of 8.6Mta. It is also investing US$... |
Dominican Republic: market expands, prices fall02 March 2016, Published under Cement NewsNational cement production in the Dominican Republic reached 5.18Mt, an increase of 3.2 per cent YoY, according to official statistics. This represents 75 per cent of the country’s installed production capacity of 6.91Mt. Meanwhile, the domestic market expanded by 6.2 per cent when compared with 2014. A total of 3.97Mt of cement was sold on the back of a construction sector that showed 18.2 per cent YoY growth. Cement association Adocem reported a 5.6 per cent fall in total sales to RDD15... |
Lafarge Malaysia sees stable 2015 pretax profit01 March 2016, Published under Cement NewsLafarge Malaysia Bhd reported a pretax profit of MYR345.157m (US$82.86m) for the financial year ended 31 December 2015 versus MYR345.183m a year earlier. Revenue rose to MYR2.75bn, up from MYR2.743bn previously, the company said in a filing to Bursa Malaysia. Meanwhile, 4Q15 pretax profit decreased by 7.8 per cent mainly due to the one-off acquisition expenses incurred as well as higher finance cost arising from the borrowings for the acquisition of subsidiaries, it said. Lafarge Mal... |