Cement News tagged under: Weekly Newsletter
Vicat underlying turnover eases by 4.4%05 February 2016, Published under Cement NewsVicat's turnover improved by 1.5 per cent in 2015 to EUR2458m, which translates into an underlying decline of 4.4 per cent on a like-for-like basis. Turnover in cement advanced by 0.8 per cent to EUR1495m, or EUR1256m after deducting inter-group transfers. Aggregates and concrete sales improved by 3.6 per cent to EUR914m, while other activities saw turnover edging ahead by 0.4 per cent to EUR400m. Cement accounted for 53.4 per cent of turnover, little changed from the 53.7 per cent shown ... |
Reliance Infrastructure to sell cement arm to Birla Corp05 February 2016, Published under Cement NewsReliance Infrastructure (RInfra) has signed a share purchase agreement with Birla Corp to sell 100 per cent in Reliance Cement Company (RCCPL). The deal values cement business of RInfra at INR48bn. Under the transaction, Birla Corporation will acquire the 100 per cent shareholding of RInfra in RCCPL. The deal is still subject to approval by the Competition Commission of India, among others. Reliance announced back in November that it would be divesting of its cement and roads segmen... |
LafargeHolcim considering revised divestment plan in India04 February 2016, Published under Cement NewsLafargeHolcim confirmed today that it is considering a divestment of its interest in Lafarge India with a cement capacity of around 11Mta. The divestment would require the approval of the Competition Commission of India (CCI) as an alternative remedy for the merger of the group’s legacy companies. The company said in a statement that it is no longer in discussion with Birla Corporation Limited (BCL) for the sale of the Jojobera and Sonadih cement plants in eastern India announced last yea... |
Philippines: double-digit rise in cement sales04 February 2016, Published under Cement NewsCement sales in the Philippines increased by a strong 14.4 per cent YoY in 2015 to 24.36Mt, according to figures by the Cement Manufacturers' Association of the Philippines (CeMAP). CeMAP president Ernesto Ordoñez said the increased sales was brought about by the large budget by Public Works Department for infrastructure development, private sector confidence in government and new housing projects with low interest rates. Favourable weather conditions with reduced rains during the year a... |
Colombia: dispatches up 12.5% in December 201501 February 2016, Published under Cement NewsCement deliveries in Colombia rose by 12.5 per cent YoY to 1.107Mt in December 2015, according to the latest data by the country’s statistics office, DANE. Construction companies and contractors mainly fuelled the increase as their segment expanded by 27.9 per cent. Grey cement production reached 1.210Mt, up 7.2 per cent when compared with December 2014. Domestic deliveries increased by seven per cent YoY in 2015 to reach 12.807Mt. Output by the country’s cement producers rose by 6.2 ... |
Eagle Materials improves cement profit29 January 2016, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December 2015 increased by 3.5 per cent to US$973.9m. The trading profit before corporate overheads declined by 16.4 per cent to US$206.4m, of which cement contributed 56.2 per cent compared with 39.1 per cent a year earlier. The group trading profit was off by 18.4 per cent to US$179.8m. After a net interest charge 6.4 per cent higher at US$12.8, the pretax profi... |
Spain: demand up 5.3% in 201528 January 2016, Published under Cement NewsCement consumption in Spain has increased by 5.3 per cent to 11,408,287t in 2015, according to Oficemen, the country's cement association. Variability in the second half of the year depressed annual growth. Exports have also fallen in 2015 and were 4.4 per cent lower YoY at 9,233,979t. "During these years of hard crisis, exports have been the only lifeline to compensate for the loss of domestic demand. However, it is increasingly difficult for our industry to compete in foreign markets, m... |
SFIC: French cement sector to stabilise in 201627 January 2016, Published under Cement NewsFrance's cement sector in 2016 is showing "some signs of optimism" and pointing therefore to a stabilisation of the markets after eight years of decline thanks to a pick-up in the housing segment, said Raoul de Parisot, president of the Syndicat français de l’industrie cimentière (SFIC). In 2015 the market contracted around 1Mt with consumption falling from 18Mt to 17.1Mt. In the 2007-15 demand dropped by around 30 per cent. “Our plants have capacity rates of between 65-70 per cent, which... |
LH confirms Sberbank shareholding27 January 2016, Published under Cement NewsLafargeHolcim Ltd said in a statement yesterday that it was informed on 25 January 2016 by Sberbank of Russia that it holds, through a repurchase transaction with Eurocement Holding AG, 6.12 per cent of the voting rights and of the registered share capital of LafargeHolcim Ltd. This corresponds to 37,172,910 registered shares and voting rights. According to the declaration of Sberbank of Russia, the Stock Exchange Act threshold of five per cent was exceeded on 21 January 2016. |
Siam Cement posts 29% rise in 4Q net profit27 January 2016, Published under Cement NewsSiam Cement Plc posted a 29 per cent increase in fourth-quarter net profit as better earnings from its chemical unit outweighed weakness in cement and the building materials business. For 2015 Thailand's largest industrial conglomerate posted a 35 per cent rise in net profit of THB45.4bn (US$1.27bn) due to strong chemical earnings, while its sales fell 10 per cent to THB439.6bn due to lower chemical prices, it said in a statement. Last week Bualuang Securities cautioned that the Cement-Bui... |