Cement News tagged under: Weekly Newsletter
Malaysia: Lafarge's net profit rises by 24.7%20 November 2013, Published under Cement NewsLafarge Malaysia Bhd's net profit for the third quarter ended 30 Sept 2013 rose 24.7 per cent to MYR120.2m (US$37.7m) from MYR96.4m a year ago. Its revenue climbed 2.7 per cent YoY to MYR728m compared with MYR708.8m earlier. Earnings per share stood at 14.2 sen from 11.3 sen last year. In a filing with Bursa Malaysia, Lafarge said the higher revenue was mainly due to higher sales volume in cement and concrete in line with growth in market demand. For the nine months ended 30 Sep, Laf... |
PPC's preliminary report, year-end Sept 201319 November 2013, Published under Cement NewsPPC's South African cement sales volumes rose by seven per cent, while industry sales for the nine months ending June 2013 increased by 4.2 per cent. Strong volumes were recorded in the Gauteng and inland regions despite increased industrial action in these markets. Volumes in the coastal regions also recorded growth despite rising imports and a particularly wet winter season. Imported cement, which is not subject to import duties and is excluded from national statistics, accounted for an ... |
USA: Ravena plant to be renovated19 November 2013, Published under Cement NewsLafarge has declared that it will spend several hundred million dollars to renovate its Ravena cement plant in Albany County. The revamped factory should be operational again by mid-2016, saving 112 jobs. State regulators, federal regulators and Lafarge all agreed to the timeline for the work. This is the first fixed timeline the project has had since it was unveiled five years ago when the recession hit. Lafarge has spent the years since waiting for the economy (and, thus, its business) to... |
Holcim gets FIPB approval for India restructure14 November 2013, Published under Cement NewsHolcim has received approval from the Foreign Investment Promotion Board (FIPB) of India to merge Holcim India Private Ltd (HIPL) with Ambuja Cements as part of plans to streamline its operations there. Holcim, which holds majority stakes in ACC and Ambuja Cements, announced plans in July to consolidate operations. In a two stage deal, Ambuja will first acquire a 24 per cent stake in HIPL for a cash consideration of INR35,000m (US$~600m), followed by a stock merger between HIPL and Ambuja.... |
US August cement shipments ahead YoY14 November 2013, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico in August 2013 rose five per cent YoY to 8.6Mt, data from the US Geological Survey shows. Shipments for the year through to August were also up slightly to 53.7Mt. The leading Portland cement-producing states, during August were Missouri, Texas, California, Michigan and Florida, in descending order, which accounted for about 43 per cent of total shipments for the month. The leading consuming states (Texas, California,... |
Brazil sees rise in monthly cement sales13 November 2013, Published under Cement NewsPreliminary data and market estimates show that cement sales in Brazil during October reached 6.5Mt, a 4.7 per cent YoY increase from the same period of last year. Data from local cement association SNIC shows that over the first nine months of the year, sales totalled 58.9Mt, a YoY increase of 2.4 per cent. For the 12 months between November 2012-October 2013, sales reached 69.7Mt, representing an increase of 2.2 per cent on the comparative period of the previous year. |
CRH results broadly in line with last year12 November 2013, Published under Cement NewsIn its autumn trading statement, CRH announced that it expects the EBITDA to be broadly in line with last 2012 numbers, assuming normal weather patterns for the remainder of the year. Depreciation and amortisation charges as well as the net interest charge are forecast to be a little lower than in 2012, though the net debt is expected to be about EUR300m higher. Acquisitions and large capital investments amounted to around EUR660m, of which EUR492m were in heavy building materials, and incl... |
Raysut sales ease in first nine months, Oman12 November 2013, Published under Cement NewsRaysut Cement, the leading cement producer in Oman, reported a rise in pretax profit for the first nine months of 2013, but sales eased due in part to competition from neighbouring UAE. During the Jan-September 2013 period the company reported a 12.6 per cent YoY rise in net profit before tax of OMR21.52m (US$55.9m). Revenue was down slightly to OMR70.18m compared to OMR70.35m in the same period of the year. The company said that competition from the UAE is likely to continue, putting pres... |
Ultracem starts up Gebr Pfeiffer grinding unit12 November 2013, Published under Cement NewsUltracem SAS, a new entrant on the Colombian cement market, has initiated operations of a cement grinding plant supplied by Gebr Pfeiffer Inc at its plant in Barranquilla. The privately-owned cement producer contracted Gebr Pfeiffer, Inc, a subsidiary of Gebr Pfeiffer SE to supply an MPS 3350 BC vertical roller mill for clinker with a complete cement grinding plant. The grinding facility includes a rotary air lock with drive, MPS 3350 BC mill, an SLS 2900 BC high efficiency classifier, fea... |
Vicem sees significant rise in exports in first 10 months12 November 2013, Published under Cement NewsIn the first 10 months, Vietnam Cement Industry Corporation (Vicem) sales rose by 9.2 per cent YoY to 17.65Mt, including a significant rise in exports. Of the total, 15.84Mt was sold in the domestic market, while 1.8Mt was exported, up 4.8 per cent and 74.2 per cent YoY, respectively. Between January and October, Vicem’s cement and clinker output rose by 9.3 per cent and 10.4 per cent on-year to 12.39Mt and 12.46Mt, respectively. In October alone, the state-owned group sold 1.77Mt of... |