Cement News tagged under: Weekly Newsletter
US: Summit Materials reports 3Q rise in volume and prices across all lines of business04 November 2015, Published under Cement NewsSummit Materials net revenue increased 22.4 per cent to US$426.3m in the third quarter of 2015, compared to US$348.1m in the same period a year earlier. The increase in net revenue was primarily attributable to an increase in volumes and price across all lines of business, led by the West and Central regions. Net revenue grew organically by US$4.7m, or 1.3 per cent, compared to the prior year quarter. Further adjusted EBITDA increased 55.2 per cent to US$120.4m, compared to US$77.6m ... |
Philippine third-quarter cement sales surge03 November 2015, Published under Cement NewsPhilippine cement sales surged 18.6 per cent in the third quarter from a year ago, according to the latest data from the Cement Manufacturers Association of the Philippines (CeMAP). Sales volumes during the July-September quarter reached 6.37Mt, up from 5.37Mt a year earlier on the back of strong construction activities by the private and public sectors. These latest figures bring cumulative nine-month sales to 18.28Mt, up 13.6 per cent from 16.09Mt in 9M14. CeMAP president Ernesto... |
Cemex completes Austrian & Hungarian disposals03 November 2015, Published under Cement NewsCemex announced yesterday that it has closed the sale of operations in Austria and Hungary to the Rohrdorfer Group for approximately EUR160.1m. The transaction was originally announced on 12 August 2015. The Austrian operations consist of 24 aggregate quarries (approximately 6.47Mt of aggregates sold in 2014) and 34 ready-mix plants (approximately 1.6Mm3 of ready-mix sold in 2014). Cemex's operations in Austria had net sales of approximately US$241m in 2014. The Hungarian operations consi... |
West China Cement to acquire Shaanxi-based producer02 November 2015, Published under Cement NewsWest China Cement said it agreed to acquire the entire equity interest of Tongchuan Yaowangshan Ecological Cement Co Ltd as well as shareholder's loan at CNY767m (US$121m). Yaowangshan Cement is located in the Yaowangshan region of Tongchuan District, Shaanxi Province. The Yaowangshan cement plant that it operates is primarily engaged in the production and sale of cement, with a 2.2Mta cement capacity. The move is part of efforts to facilitate consolidation in the sector in Shaanxi... |
ASEC to sell ASEC Minya Cement, ASEC Ready Mix02 November 2015, Published under Cement NewsQalaa Holdings announced yesterday that its business unit ASEC Cement has signed a sale and purchase agreement for the sale of its holdings in subsidiaries ASEC Minya Cement and ASEC Ready Mix Co – representing 46.5 and 55 per cent, respectively – to Qena Cement for total consideration of c.EGP1bn (US$124.5m). The financial close is expected to take place on or before 20 November 2015. Qalaa Holdings and its subsidiary National Development and Trading Company (NDT) own 70 per cent of ASEC ... |
Colombia sees 5.2% market expansion in September30 October 2015, Published under Cement NewsColombia’s cement demand expanded by 5.2 per cent YoY in September 2015 to reach 1.143Mt on the back of a strong performance in the contractor and ready-mix sectors, which noted a rise in cement consumption of 25.9 and 13.3 per cent, respectively. In terms of provinces, Meta recorded the highest increase in demand with a 33.7 per cent advance, followed by Atlántico (+18.8 per cent) and Boyacá (+16.1 per cent). Greater Bogota saw its market expand by eight per cent YoY. Cement product... |
Dangote Cement 9M15: new operations help offset weaker domestic demand27 October 2015, Published under Cement NewsDangote Cement said nine-month profit gained 12 per cent as its new operations across the African continent helped offset weaker demand in its home market of Nigeria. Net income was NGN158bn (US$794m) in the nine months through September, compared with NGN141bn a year earlier, the company said in a statement on Monday. Sales rose 18 per cent to NGN366bn. Lower oil prices and a weaker currency were among factors weighing on the Nigerian business, where sales declined 0.7 per cent. “Our n... |
Eagle Materials reports record quarterly cement earnings and volumes27 October 2015, Published under Cement NewsEagle Materials Inc posted yesterday record quarterly Cement and Paperboard division operating earnings as demand for the company's building materials and construction products remained strong in each of its regional markets “Eagle's construction products and building materials businesses continued to perform exceptionally well during the second quarter, with the Cement and Paperboard businesses reporting record quarterly operating earnings and our wallboard and concrete and aggregates b... |
ARM swings to nine-month net loss, Kenya27 October 2015, Published under Cement NewsAthi River Mining (ARM) posted an after-tax loss of KES469m (US$4.6m) for the nine months to the end of September 2015, largely attributable to the depreciation in regional currencies against the dollar. The cement maker, which reported an after tax profit of KES1.1bn in the same period of 2014, said revenue for 9M15 rose seven per cent to KES11.7bn, thanks to increased cement sales in Kenya and in Tanzania. While the demand for cement grew more than 10 per cent during the period, "the sha... |
LafargeHolcim successfully completes squeeze-out of Lafarge SA26 October 2015, Published under Cement NewsLafargeHolcim today announced on Friday it has successfully implemented the squeeze-out of Lafarge SA. With this the shares of Lafarge SA are now delisted from Euronext Paris as of today. "The completion marks an important and final step in the merger process of the Group’s legacy companies and allows LafargeHolcim to continue focusing on delivering the synergies and progress with the integration," the company said in a statement. With the successful squeeze-out LafargeHolcim Ltd now owns... |