Cement News tagged under: Weekly Newsletter
Operational efficiencies and cost savings boost Siam City Cement 4Q1515 February 2016, Published under Cement NewsSiam City Cement Co (SCCC), Thailand's second-largest cement producer, achieved a 45 per cent increase in 4Q15 net profit due to a reduction in costs and non-recurring items. Vorathep Rangchaikul, chief executive officer of SCCC, told The Nation that the cement producer attributed the strong performance to efficient production operations at high-capacity utilisation and cost savings harnessed through investments in industrial assets as well as lower energy prices. "Nevertheless, our cor... |
ACC full-year volumes impacted by mine closure, slow economic start to year15 February 2016, Published under Cement NewsACC Ltd, part of the LafargeHolcim group, reported a 2.4 per cent decline in 2015 sales volumes to 23.62Mt due to the temporary closure of mines serving its Chaibasa and Bargarh plants in eastern India, and the generally slow pace of the economy earlier in the year. Cement volumes during the final quarter of the year witnessed a turnaround, improving by four per cent YoY to 6Mt. The company’s focus on cost management helped contain overall production costs, despite a contribution to th... |
Oman: Raysut Cement reports 24% drop in 2015 net profit15 February 2016, Published under Cement NewsRaysut Cement reported a 23.6 per cent drop in 2015 net profit to OMR20.95m (US$54.4m) from OMR27.43m a year earlier. Total revenues edged 0.4 per cent higher last year to OMR94.68m. Gulf Baader Capital Markets (GBCM) said Raysut Cement''s revenue came above its estimates of OMR91.74m. The brokerage company said that despite the drop in Raysut Cement''s exports to Yemen – which accounts for almost 15 per cent of its total sales – the company managed to report good volumes, sales and earnin... |
India: Ambuja Cements reports flat growth in full-year volumes12 February 2016, Published under Cement NewsAmbuja Cements, part of the LafargeHolcim group, reported flat sales growth for the 12 months ending 31 December 2015. The company underlined that during the year the Indian cement market largely remained subdued although there was a 5.2 per cent rise in volumes during the final quarter. However, lower cement price realisation led to overall net sales being down by 5.5 per cent in 2015 to INR9368 crore, compared to INR9911 crore a year earlier. Lower operating costs with improved opera... |
Suez Cement results impacted by lower selling prices, higher energy costs12 February 2016, Published under Cement NewsSuez Cement Co, part of the Italcementi group, reported an 8.3 per cent drop in consolidated revenues for 2015 to EGP5.64bn (US$720m) from EGP6.15bn a year earlier. It recorded a net loss after non-controlling interest of EGP60m, from a prior-year profit of EGP50m. The company said that in the 4Q15, despite the strong demand and a balanced supply and demand situation, selling prices did not keep pace and further declined about three per cent from the prior quarter, cumulating in a 15 per c... |
Cementir boosted by Scandinavia and Italy11 February 2016, Published under Cement NewsCementir reported yesterday in its 2015 preliminary figures that improved performances in Scandinavian countries and Italy, plus a stable contribution from the Far East group area offset lower earnings in Turkey and Egypt. Revenue from sales and services amounted to EUR969m, up 2.2 per cent YoY thanks to the sound performance of operations in Scandinavian countries, Malaysia, Italy and Egypt, which compensated for the deterioration seen in Turkey and China and the negative impact of the de... |
Boral reports increase in underlying net profit after tax11 February 2016, Published under Cement NewsBoral reported a 23 per cent increase in net profit after tax before significant items to AUD137m (US$97m) for the six months ended 31 December 2015, reflecting improvements in margins, stronger housing activity in the US and continued strength in its home market of Australia. Boral’s reported net profit after tax of AUD137m was 31 per cent higher than the previous corresponding period, with no significant items reported during this time. Sales revenue from continuing operations of AUD... |
PCA: low crude prices impact oil well cement consumption09 February 2016, Published under Cement NewsWith oil prices having declined dramatically since mid-2014 due to a combination of global supply and demand issues, the implications for the US economy, as well as for cement consumption have been significant, writes the PCA. It cautions that if oil prices stay near US$30/bbl or lower several consequences to cement consumption could arise that would impact the fall forecast projections. Given the complex nature of forecasting energy prices, PCA relies on projections from the Energy Inform... |
Domestic sales drive Pakistan dispatch growth08 February 2016, Published under Cement NewsPakistan cement dispatches increased by 6.38 per cent to 21.3Mt in the first seven months of the current fiscal compared to 20Mt in the corresponding period of FY14-15, according to the All Pakistan Cement Manufacturers Association. The increase is attributed to robust growth in domestic dispatches, which rose by 15 per cent YoY to 17.9Mt. Exports, on the other hand, declined by almost a quarter to 3.4Mt from 4.5Mt a year earlier. Closer analysis of domestic dispatches shows shipments f... |
Akmenes posts decline in 2015 revenue08 February 2016, Published under Cement NewsLithuania's sole cement manufacturer Akmenes Cementas posted a decline of around six per cent in 2015 revenue to EUR55.4m from EUR59.2m a year earlier. Nearly 50 per cent of revenue derived from exports, mainly to Poland, Scandinavia and Russia's exclave of Kaliningrad, the Verslo Zinios business daily reported on Friday. “Cement consumption more or less reflects the situation in the Lithuanian construction sector. In 2013 cement consumption rose by approximately 10 per cent whereas in 2... |