Cement News tagged under: Weekly Newsletter
Buzzi Unicem performance deteriorates in Italy and Mexico11 November 2013, Published under Cement NewsBuzzi Unicem's turnover for the first nine months declined up by 3.2 per cent to EUR2078.5m and the EBITDA came off by 10.6 per cent to EUR335.8m. The trading profit was down by 16.4 per cent to EUR169.8m, but net financial charges came off by 9.5 per cent to EUR81.4m. After a 37.9 per cent increase in the contribution from associates, the pre-tax profit emerged 18.3 per cent lower at EUR95.0m. The tax charge still rose by 73.8 per cent, though the minorities charge did decrease by 32.9 p... |
Dangote 3Q revenue rises on strong domestic demand11 November 2013, Published under Cement NewsDangote Cement reported a 28.7 per cent in revenue as demand continues to remain strong in its domestic market of Nigeria. According to the unaudited results, profit before tax (PBT) rose to NGN151.73bn (US$957.9m) compared to NGN106.43bn in 2012, while operating profit rose by 36.4 per cent to N156.89bn. Revenue for the period rose to NGN64bn compared to NGN244.50bn in the preceding year. Commenting on the results, Group Managing Director, Dangote Cement, Devakumar Edwin, said the co... |
Italcementi 3Q13 sees cement sales in North America and Asia rise08 November 2013, Published under Cement NewsItalcementi Group sales for the year to 30 September 2013 reflected an easing in the reduction in volumes, assisted by continuing healthy performance in Asia, the confirmed upturn on the North American market and the slower decline in the EU area. The Group’s key operating results (net of income from the sale of CO2 emission rights) were substantially in line with the first nine months of 2012, despite a particularly negative exchange-rate effect. “Despite the stagnation in demand on the... |
Myanmar: government names successful joint venture cement plant bids08 November 2013, Published under Cement NewsMyanmar's cement sector is set to expand with the prospect of several new state-led joint ventures coming into existence after the government gave the go-ahead to 13 companies to establish projects to boost the country's cement production. The Ministry had offered tender to both local and foreign firms to operate the plants, which fall under the jurisdiction of the No. 3 Heavy Industries Department of the Ministry of Industry. The winning firms are: Shwe Taung Cement Co Ltd, Original Gr... |
Egypt: fuel supply problems cause Suez Cement to act07 November 2013, Published under Cement NewsSuez Cement has turned to wind power to help it meet its energy needs. The project at Gulf El-Zeit is part of the government's objective to output 7000MW or 20 per cent of Egypt's energy needs from renewable sources by 2020. The Gulf El-Zeit initiative will be able to supply one third of the energy Suez Cement requires, but is unlikely to surpass this amount. “The electricity supplied by the grid will be used in the crushing part, while in cooking you need flame and heat so electricity is ... |
ARM Cement expects Kenyan market to grow for the next 50 years07 November 2013, Published under Cement NewsKenya's cement market is set to expand on the back of government infrastructure spending on ports and roads, while house builders trying to meet an annual deficit of some 440,000 units. A Bloomberg report claims that these factors are encouraging ARM Cement Ltd, Kenya’s second-largest cement maker, to raise capital by selling eurobonds to fund a US$300m expansion programme. ARM Cement looks committed to building cement capacity for the long term. Pradeep Paunrana, ARM's managing director, ... |
Cembureau: cement sector should maintain carbon leakage status06 November 2013, Published under Cement NewsCembureau, the European Cement Association, has called for the European cement sector to maintain its carbon leakage status. In a statement released today, Cembureau responded to the Carbon Leakage Evidence Project report, recently published by Dutch consultancy Ecorys, which found 'no evidence for any carbon leakage' in the past two periods of the European Trading System. In relation to the European cement industry, the report – specially commissioned by the European Commission, DG Cli... |
Vicat sees growth in Asia and in the USA06 November 2013, Published under Cement NewsVicat's turnover for the first nine months of the year improved by a modest 0.6 per cent to EUR1740m, which represents an underlying advance of 3.2 per cent. The gearing level increased to 51.3 per cent at the end of September compared with 47.6 per cent a year ago. The expansion in Asia has been the main reason for the increased debt levels in recent years, but it is below the 53.3 per cent seen at the end of June. Turnover in cement was 2.8 per cent ahead at EUR855m, which represented 51... |
Holcim Philippines boosted by higher demand31 October 2013, Published under Cement NewsHolcim Philippines has reported a 34.2 per cent increase in third-quarter earnings driven by stronger sales revenue and cost-cutting and efficiency improvement measures. Net sales in the July-September quarter rose by more than seven per cent to PHP6.86bn on the back of steady demand and prices as private and public sector projects remained strong. Holcim country CEO, Eduardo Sahagun, said that the robust construction activity had led demand to exceed expectations in the third quarter. ... |
US July cement shipments and imports rise30 October 2013, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico in July 2013 reached about 8.1Mt, US Geological Survey statistics show, which translates to an 11 per cent increase in the same period of the year before. Shipments for the year through to July were 45.1Mt, up slightly on the comparative period of the previous year. The leading Portland-cement producing states in July were Missouri, California, Texas, Michigan and Florida (in descending order), which accounted for ab... |