Cement News tagged under: Weekly Newsletter
Moody's: Conch Cement's 1H15 results are in line with its A3 rating01 September 2015, Published under Cement NewsMoody's Investors Service, (Moody's) says that Anhui Conch Cement Co Ltd's 1H15 results are in line with its A3 issuer rating and stable outlook. "Conch's strengthened market position and maintenance of low debt leverage in 1H15 continue to support its A3 rating, despite the pressures from industry overcapacity and the slowdown in infrastructure and property developments," said Franco Leung, a Moody's Vice President and Senior Analyst. Conch's revenue declined 15.8 per cent to CNY24.2bn ... |
Cementos Argos’ 2Q EBITDA advances 45% YoY28 August 2015, Published under Cement NewsCementos Argos’ consolidated EBITDA increased by 45 per cent in the second quarter of 2015, reaching COP371bn. Consolidated revenues grew 26 per cent YoY to COP1.8trn, The US regional devision recorded an EBITDA of US$35m, up 44 per cent YoY. Net income for the quarter jumped 211 per cent to COP142bn. Year-to-date cement dispatches increased by 14 per cent to 6.8Mt while ready-mix concrete volumes rose by four per cent to 5.5Mm3. Colombia In Argos’ domestic market of Colombia, c... |
Cemex inaugurates grinding mill in Nicaragua28 August 2015, Published under Cement NewsCemex announced today that its subsidiary Cemex Latam Holdings, SA has completed the construction of the first phase of a new cement grinding plant in Ciudad Sandino, Managua. CLH invested approximately US$30m for infrastructure procurement and the installation of the first cement grinding mill, with a capacity of approximately 220,000tpa.. The inauguration ceremony took place yesterday at the new facility and was attended by the President of Nicaragua, Daniel Ortega, and the Chief Executi... |
CRH's first-half driven by the Americas27 August 2015, Published under Cement NewsCRH's first half turnover advanced by 12.6 per cent to €9,370m and the EBITDA improved by 9.9 per cent to €555m. The trading profit increased by 11.2 per cent to €189m and after a net interest charge 8.6 per cent higher at €139m, the pre-tax profit increased by 3.3 per cent to €63m. The net attributable result improved by €1m to €46m. Net debt at the end of June was 67.3 per cent lower at €1212m, giving a gearing level of 9.7 per cent, which compares with 39.9 per cent a year earlier. ... |
Dangote Cement signs fresh deal with Sinoma27 August 2015, Published under Cement NewsDangote Cement yesterday signed contracts worth about about US$4.34bn with Chinese firm Sinoma International to build factories across Africa and one in Asia. Cement facilities will be built in Nigeria, Ethiopia, Kenya, Zambia, Senegal, Niger, Mali, Cameroon, Ivory Coast, Ghana as well as in Nepal. The latest developments will boost capacity to more than 70Mta and Dangote is targeting further gains to about 100Mta of potential output by 2020, Aliko Dangote said in a speech in Lagos. |
FLSmidth updates full-year guidance26 August 2015, Published under Cement NewsFLSmidth’s order intake and revenue showed solid growth in the second quarter of this year supported by currency developments. However, the company noted that the outlook for the global mining industry has deteriorated in recent weeks, which has had an adverse impact on management's assessment of business risks and earnings in 2015. During the second quarter, the order intake increased 13 per cent YoY to DKK5259m. The order backlog decreased 17 per cent to DKK18,105m. Revenue rose four... |
LH completes Tuban plant project in Indonesia24 August 2015, Published under Cement NewsLafargeHolcim today completed its Tuban project in Indonesia with the official opening of the second kiln line at the cement plant. The new plant will allow LafargeHolcim to tap into key developing markets in Indonesia’s East Java Province. The plant’s coastal location and jetty provides the Group with the flexibility to ship products to other important interisland markets including Sumatra, Kalimantan and Sulawesi. Tuban is a state-of-the-art plant that allows for the highly-efficient prod... |
AdBri sees strong rise in half-year profit21 August 2015, Published under Cement NewsAdelaide Brighton Ltd reported net profit after tax for the half year ended 30 June 2015 of AUD82.6m, an increase of 61.3 per cent compared to the previous corresponding period. Adjusted fo significant items, the underlying advance was 5.6 per cent to AUD83m. Property transactions contributed AUD12m to net profit. Revenue of AUD678.1m was 12.6 per cent higher YoY supported by higher cement and lime volumes, improved prices, property revenue and the contribution from acquisitions complete... |
S&P upgrades TCL, removes from CreditWatch20 August 2015, Published under Cement NewsStandard & Poor's (S&P) Ratings Services raised its corporate credit rating on Trinidad Cement Ltd Group (TCL) to 'B-' from 'CCC', and removed it from CreditWatch with positive implications. The outlook is stable. At the same time, it has assigned its 'B-' issue-level rating to the company's US$200m senior secured term loan. The rating action reflects TCL's successful debt refinancing, which took place on 6 August 2015, S&P said in a statement. The refinancing improves the company's debt ... |
GCC sees higher volumes and bettter pricing19 August 2015, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) reported a 19 per cent rise YoY in second-quarter net sales to MXP3051m (US$186m) on the back of higher volumes and a better pricing environment both in its Mexican and US markets. In the US, sales rose by 19.6 per cent in the quarter, totalling MXP2190.3m. This reflected the two per cent rise in cement sales driven by deliveries in Minnesota, Texas, Iowa and South Dakota. Ready-mix volumes remained at the previous year’s level as adverse weather conditio... |