Cement News tagged under: Weekly Newsletter
China: Lafarge to buy out 45% interest in Lafarge Shui On Cement03 March 2015, Published under Cement NewsLafarge has signed an agreement to acquire the 45 per cent stake held by SOCAM Development Ltd in Lafarge Shui On Cement, for a consideration of HKD2553m (c€294m) subject to the completion of its merger project with Holcim. With a total cement production capacity of 32Mta in South West China in the provinces of Yunnan, Sichuan, Guizhou and Chongqing, Lafarge Shui On Cement would thus become a wholly-owned subsidiary of LafargeHolcim following completion of the merger project and this purcha... |
Cimpor sales rise 6% in 201403 March 2015, Published under Cement NewsCimpor’s turnover eased by 0.8 per cent in 2014 to EUR2603.7m while the EBITDA declined by 6.7 per cent to EUR645.6m. The trading profit emerged 7.9 per cent lower at EUR448.8 and the net financial charge declined by 8.8 per cent to EUR371.4m, giving a pre-tax profit 3.5 per cent lower at EUR77.3m and at the net attributable level there was a swing from a loss of EUR19.4m to a profit of EUR27.2m. Net debt at the end of 2014 stood at EUR3561m, an increase of 3.7 per cent, while shareholders’... |
Adelaide Brighton reports record net profit27 February 2015, Published under Cement NewsAdelaide Brighton reported record sales and net profit after tax of AUD1337.8m and AUD172.7m, respectively, for the year ended 31 December 2014. Revenue increased 8.9 per cent and net profit by 14.3 per cent YoY. Adjusting for a number of one-off items, underlying net profit after tax of AUD166.5m was 8.5 per cent higher than 2013. EBIT increased 11.1 per cent to a record AUD247.5m on an EBIT margin of 18.5 per cent. Earnings were aided by net significant items of AUD2.3m. Excluding the... |
Suez Cement Group sees 4Q gains27 February 2015, Published under Cement NewsWith improved market conditions, Suez Cement Group of Companies (SCGC) of Egypt saw a 2.5 per cent increase in fourth-quarter revenues to EGP1.539m and progress in EBITDA which gained 11.5 per cent to EGP300m. Net profit after non-controlling interest increased 15.2 per cent during the same period to EGP129m. For the whole year, the Italcementi group company reported that sales increased 22 per cent to EGP6.52m, while recurring EBITDA improved 8.8 per cent to EGP1.154m compared to 2013 fig... |
CRH earnings up 11%26 February 2015, Published under Cement NewsCRH’s turnover increased by 4.9 per cent in 2014 to EUR18,912m while the EBITDA advanced by 11.3 per cent to EUR1641m. The trading profit before charging EUR49m of impairments rose by 28.8 per cent to EUR966m. The net interest charge declined by 1.2 per cent to EUR246m and a EUR77m gain on disposals, compared with EUR26m in 2014, led to a pre-tax profit of EUR761m compared with a loss of EUR215m in 2013. The net attributable result swung from a EUR296m loss to a profit of EUR582m. Net d... |
Cementos Argos’ net profit surges 59%26 February 2015, Published under Cement NewsColombia’s leading cement producer, Cementos Argos, said net profit jumped 58.8 per cent YoY in 2014, closing the year with record figures. Profit was up to COP291bn (US$145m), compared with the COP183bn registered in 2013. Operating income was up 16.8 per cent to COP5.8trn (US$2.9bn), EBITDA rose up 8.4 per cent to COP1.06trn (US$534m). Cement sales increased by eight per cent YoY to 12.5Mt, while concrete sales jumped 18 per cent to 11Mm 3 . Argos CEO, Jorge Mario Velásquez, commen... |
Dalmia Bharat increases stake in OCL India25 February 2015, Published under Cement NewsDalmia Bharat has increased its stake in OCL India, one of the largest cement entities in eastern India with plants in Orissa and West Bengal. “The company’s subsidiary Company, Dalmia Cement (Bharat) Limited on February 25, 2015 has increased its stake in OCL India Limited from 48 per cent to 74.6 per cet through inter-se transfer within the promoter group of OCL India Limited,” Dalmia Bharat said in a statement. As a part of the consolidation and growth of the cement sector, the Dalmia B... |
Holcim to sell Siam City Cement stake, Thailand24 February 2015, Published under Cement NewsSiam City Cement PCL (SCCC), Thailand's second-largest cement maker, said on Monday Holcim has decided to sell its 27.5 per cent stake in the company. SCCC said in a statement that Thai Roc-Cem Ltd, Holcim's indirect wholly-owned subsidiary, will sell 63.29 million shares of SCCC, but Holcim gave no details about the divestment or when the sale would be finalised. At the end of 2012, Holcim reduced its stake in SCCC from 36.8 to 27.5 per cent. The shares were purchased by Bangkok Broadcast... |
Lucky Cement first-half profit up 8.5%23 February 2015, Published under Cement NewsPakistan's leading cement producer, Lucky Cement, reported a profit after tax of PKR5.6bn (US$55.1m) during the first half of FY14-15 versus PKR5.16bn a year earlier. During the six-month period, net sales rose nine per cent YoY to PKR21.4bn. The increase is attributed to a 9.2 per cent uptake in sales volumes to 2.02Mt, a 2.24 per cent improvement in exports to 1.23Mt and a 2.91 per cent rise in net retention. According to Al Habib Capital Markets, Lucky Cement's margins remained sta... |
Cemex creates Cemex Energia20 February 2015, Published under Cement NewsCemex announced today the creation of Cemex Energia, an energy division that aims to develop a portfolio of power projects that will supply about 3-5 per cent of Mexico's electricity needs over the next five years. “We are very enthusiastic about Mexico’s energy sector future, and we will leverage on our experience in developing projects that benefit the country,” said Fernando A Gonzalez, CEO of Cemex. First milestone The first milestone achieved by the new unit is the signing of a jo... |