Cement News tagged under: business results
LafargeHolcim05 May 2016, Published under Cement NewsThe Indian Holcim subsidiary ACC Ltd has completed the expansion of its Wadi works in the southern Indian state Karnataka to 13,000tpd. ACC Ltd delivered 9.3 per cent more cement in the first quarter of 2016 at 6.36Mt, while the turnover improved more modestly by 1.5 per cent to INR29.2738bn (EUR388.9m). EBITDA, however, dropped by 28.9 per cent to INR4.3359bn (EUR32.64m), but the pretax profit was ahead by 1.2 per cent to INR3.1397bn (EUR23.63m). Production costs were lower thanks to lower ... |
HeidelbergCement05 May 2016, Published under Cement NewsHeidelbergCement is to install a new 4500tpd kiln line at its Schelklingen works in the German province of Baden-Württemberg. The kiln is being made by ThyssenKrupp and is expected to come on-stream during the second quarter of 2018. To secure approval of the purchase of Italcementi, HeidelbergCement is proposing to sell that company’s assets in Belgium and operations associated with it. |
Cemex05 May 2016, Published under Cement NewsCemex' 1Q16 turnover declined by 3.5 per cent to US$3198.02m, but EBITDA improved by 3.1 per cent to US$582.52m, helped by a 1.7 per cent reduction in the depreciation and amortisation charge while the trading profit rose by 6.6 per cent to US$357.88m. The net interest charge declined by 21.1 per cent to US$262.35m and the pretax result went from a US$29.40m loss to a profit of US$90.24m. The effective net debt was 6.6 per cent lower at US$14,726m, of which 83 per cent was in US dollar, 10 p... |
CRH05 May 2016, Published under Cement NewsCRH's underlying sales in the first quarter improved by around nine per cent, primarily driven by a positive environment in the USA. Some EUR85m was spent on acquisitions and investment during the first quarter, while EUR78m was raised from divestments during the period. Group EBITDA in the first half expected to be around EUR1000m, or around five per cent ahead of last year. First-half results will be announced on 25 August 2016. Heavy building materials volumes in Great Britain were ov... |
Votorantim05 May 2016, Published under Cement NewsVotorantim Industrial generated a turnover 11.2 per cent higher at BRL31,521m (EUR7993m), but EBITDA declined by two per cent to BRL6994m (EUR1774m) while the net profit fell by 77.2 per cent to BRL383m (EUR96.9m). Group capital expenditure was 31.8 per cent higher at BRL3257m (EUR826m), of which cement represented 80 per cent. Brazil accounted for 54 per cent of the turnover, the rest of South America for 14 per cent, North America for 15 per cent, Europe for nine per cent and the rest o... |
Vicat05 May 2016, Published under Cement NewsVicat's first-quarter turnover improved by 3.3 per cent to EUR554m, which represents an underlying advance of 6.5 per cent. The cement turnover was up by 1.5 per cent to EUR346m, as cement shipments rose by 13.8 per cent to 4.83Mt. The turnover in concrete and aggregates was 7.9 per cent ahead at EUR554m, which represents an underlying advance of 9.1 per cent, as aggregates shipments rose by 15.2 per cent to 4.83Mt and ready-mixed concrete deliveries improved by 9.8 per cent to 1.89Mm³. Oth... |
Cementos Portland reports EUR29.6m loss in 1Q1604 May 2016, Published under Cement NewsSpain’s Cementos Portland reported a loss of EUR29.6m (US$34m) in the first quarter of 2016, 0.4 per cent less than in 1Q15 due to a recovery in sales and savings in energy costs, the company informed the stock exchange commission CNMV. Sales during the three-month period reached EUR129.8m, up 6.6 per cent thanks to improved performance in the USA, Tunisia and export markets. Volumes rose 12.4 per cent to 1.7Mt as exports from Spain increased, the US saw growth and Tunisia noted “a small ... |
Spain: Cementos Molins 1Q16 profit up 1.7%03 May 2016, Published under Cement NewsCementos Molins posted profits of EUR15.36m for Jan-Mar 2016, up 1.7 per cent YoY. However, sales reached EUR130.69m, 10.2 per cent down when compared with 1Q15. The business result was impacted by a contraction in Spain and to some extent, the negative impact of foreign currency depreciation, especially in Argentina and Mexico. Nevertheless, the Argentinian and Mexican businesses led the improvement in results with better margins compensating for their currency depreciation. Urugu... |
PT Semen Indonesia29 April 2016, Published under Cement NewsSemen Indonesia is one of three players in the Indonesian market suffering from falling cement prices in the wake of an influx of new players. According to a report by Trimegah Securities, the last couple of years have seen a number of new entrants to the market who are offering cement at prices up to 10 per cent below those of the country’s established manufacturers. The new players include Anhui Conch (1.55Mta), Pan Asia (2Mta), Siam Cement Group (1.9Mta), Cemindo Gemilang (4Mta) and Jui S... |
UltraTech Cement29 April 2016, Published under Cement NewsUltraTech saw its profits rise by 10 per cent YoY in 4QFY16, outperforming industry estimates. Consolidated net profit over the period came in at INR7230m (US$108.52m), compared to INR6750m in the same period last year. The advance is being attributed to a strong operational performance, namely operational efficiencies, a “judicious” fuel mix and a fall in fuel prices. Net sales over the same period rose by five per cent to INR68.5bn with total cement demand expanding by 15 per cent. The com... |