Cement News tagged under: Weekly Newsletter
Cemex announces new chairman of the board and new CEO16 May 2014, Published under Cement NewsCemex announced today that its board of directors has unanimously appointed Rogelio Zambrano as chairman of the board of directors and Fernando A Gonzalez as CEO, effective immediately. The move follows the sudden death on Monday of Lorenzo Zambrano who had led the Monterrey, Mexico-based Cemex for almost three decades. Mr Rogelio Zambrano previously served as a member of the Board of Directors, and Fernando A Gonzalez previously held the position of Executive Vice President of Finance... |
Titan recovers in southern Europe and Florida16 May 2014, Published under Cement NewsTitan's first quarter turnover improved seven per cent to EUR251.8m, under the new accounting rules that ignore the turnover of joint ventures, and the EBITDA staged a 30.9 per cent recovery to EUR30.5m. The pre-tax loss was reduced by 58.7 per cent to EUR9.7m while the net attributable loss declined by 59.4 per cent to EUR11m. Net debt at the end of March, however, was down by 9.2 per cent to EUR541m, giving a gearing level of 38.5 per cent, compared with 41.6 per cent a year... |
US cement demand growth continues in 201416 May 2014, Published under Cement NewsAlthough recent economic indicators point to a tempering of the US economy, PCA is maintaining its forecast for steady growth in construction and cement consumption during the next five years. A recent PCA forecast indicates a 7.9 per cent increase in cement consumption for 2014, almost double from the 4.5 per cent increase in 2013. The industry expects to see double-digit growth in 2015 and 2016 with 10 per cent growth both years. "There is considerable evidence that the economy's growth ... |
Eagle boosted by cement and plasterboard, USA15 May 2014, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March advanced by 36.7 per cent to US$1009.8m. Of this total turnover, cement represented 42.5 per cent, plasterboard accounted for 38.3 per cent, aggregates and concrete for 11.4 per cent and plasterboard liner for 7.7 per cent. The trading profit rose by 64.5 per cent to US$223.27m, helped by strong advances in both cement and plasterboard as additional volu... |
Vietnam cement sales climb 20% YoY15 May 2014, Published under Cement NewsCement sales by Vietnamese cement producers in the first four months of the year totalled 21Mt, up 20 per cent from a year ago and fulfilling 34 per cent of the 2014 target, according to data from the country’s Ministry of Construction (MoC). Of the total, 15.5Mt were sold domestically while about 5.5Mt of cement and clinker were exported. In April, cement sales climbed by 11 per cent YoY to 6.05Mt, thanks to the implementation of state budget projects such as hospitals, schools and re... |
Cementir advances in Nordic area and Turkey12 May 2014, Published under Cement NewsCementir showed a 6.1 per cent recovery in first quarter turnver to EUR206.6m and EBITDA jumped from EUR9.2m to EUR24.6m, reflecting improved profits from the Nordic countries and from Turkey. At constant exchange rates, the turnover would have been ahead by 17.1 per cent. The trading loss recorded in recent first quarters was replaced by a EUR4.9m profit this time, while the pre-tax loss was reduced from EUR13.7m to EUR1.8m. Net debt at the end of March was 9.4 per cent lower at EU... |
Buzzi Unicem 1Q14 cement sales rise by 15%09 May 2014, Published under Cement NewsBuzzi Unicem has announced that in the first quarter 2014, cement and ready-mix concrete demand increased in all geographical areas of group operations compared to the same period a year earlier. Domestic deliveries in Italy were still difficult, but some progress was made in sales of clinker. Cement sales by the group at 4.8Mt in 1Q14 were up 15.2 per cent from 1Q13. Volumes showed robust growth especially in Central Europe. Ready-mix concrete volumes had an even more marked progress and... |
India: cement firms need solutions to gypsum shortage09 May 2014, Published under Cement NewsAccording to a research report jointly published on 30 April by lobby group Confederation of Indian Industry and consulting firm AT Kerney, India has a scarcity of gypsum resources, which does not bode well for the cement industry. Indian cement companies are on the lookout for overseas mines to secure supplies of gypsum. Domestic gypsum supplies are now limited, say industry executives, which is forcing Indian cement makers to look for overseas mine acquisitions or alternatively consider ... |
Indonesia: electricity price rise alarms cement producers08 May 2014, Published under Cement NewsSurging electricity costs resulting from subsidy withdrawal by the Indonesian government have been cited as the reason for Holcim Indonesia to bring forward plans to increase cement prices this year and for PT Semen Indonesia to consider doing the same. The government began raising electricity costs on 1 May 2014 by either 38.9 per cent or 64.7 per cent, depending on businesses’ power consumption. Eamon Ginley, Holcim Indonesia president director, said that the cement-price increase was ... |
US cement shipments rise in February07 May 2014, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico in February 2014 were 4.7Mt, up slightly from the level in February 2013 reports the US Geological Survey. Shipments for the year through February rose to 9.6Mt. The leading Portland cement-producing states in February were: Texas, California, Florida, Missouri, and Alabama, in descending order. The leading consuming states received about 52 per cent of the February total shipments and included: Texas, Calif... |