Cement News tagged under: corporate

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Asia and US improvements boost Vicat nine month results

06 November 2012, Published under Cement News

Vicat's turnover for the first nine months of the year edged ahead by 0.2 per cent to EUR1731m, but this represents an underlying decline of one per cent. Asian and US improvements made up for French and African volume declines.  The gearing level increased to 47.6 per cent at the end of September compared with 43.4 per cent a year earlier and  40.6 per cent two years ago, with the expansion in Asia being the principal reason for the increase in debt levels. Turnover in cement was 0.7 per...

Dyckerhoff reports stable nine month volumes

06 November 2012, Published under Cement News

Dyckerhoff reported stable volumes for the first nine months of 2012 as the recovery in Russia and USA almost counterbalanced declines in the other regions. Sales increases in the Eastern Europe and USA divisions also offset decrease in the Germany/Western Europe division. Germany and Western Europe fell seven per cent to EUR588m from EUR633m. Sales in Eastern Europe rose by seven per cent to EUR487m from EUR456m. Sales in the US were up 24 per cent to EUR160m from EUR129m. Group EBITDA ...

Taiwan Cement sees higher demand and prices lifting fourth quarter

06 November 2012, Published under Cement News

Taiwan Cement Co expects profits to rise in the fourth quarter of on the back of increasing demand and rebounding cement prices in China. TCC’s net profits in the first three quarters dropped nine per cent YoY to NT$6.002bn (US$200.01m) as it suffered from declining cement prices in China. However, with cement prices in southern and eastern China  in the fourth quarter nearly 50 per cent higher over the first half of 2012, along with increasing shipments, TCC’s operation in China is expec...

Taiheiyo Cement sales exceed expectations, Japan

06 November 2012, Published under Cement News

Japan’s leading cement producer Taiheiyo Cement is expected to report a 260 per cent YoY rise in consolidated pretax profit for the six months ended 30 September on earthquake rebuilding. A Nikkei report shows states that cement sales have exceeded targets due to reconstruction efforts relating to the Great Japan Earthquake in March 2011, and costs for coal have also been lower than expected. The cement producer had also projected a net loss of JPY3.2bn in part on the disposal of produ...

India Cements net profit falls 30%

06 November 2012, Published under Cement News

India Cements Ltd on Monday said its second quarter net profit fell 30 per cent YoY to INR49.08 crore from INR69.71 crore from a year earlier. "Our profits were lower as we suffered from increased input costs due to power and fuel," N Srinivasan, vice chairman and MD of India Cements said. The company’s power and fuel costs were up 21 per cent during the quarter ending 30 September at INR328.48 crore.

South Cement Co to issue short-term bills, China

06 November 2012, Published under Cement News

South Cement Co, owned by China National Building Materials Co, has announced it plans to issue CNY1.5bn (US$240m) in short-term bills with a maturity of 365 days in the interbank market on 12 November. The company said in a statement that the bills will be issued at face value, and the coupon rate determined in the process of book-building. Both value and payment due date are set on 13 November and the to-be-issued bills tradable 14 November. CNY200m of the proceeds from the issue wil...

Siam Cement on Vietnam acquisition trail

05 November 2012, Published under Cement News

Siam Cement PCL is looking for an opportunity to acquire a cement business in Vietnam, Chief Executive Kan Trakulhoon according to Dow Jones reports. Cement companies in Vietnam are currently struggling with excess supply and this provides an opportunity for Siam Cement to seek a potential acquisition there, Mr Kan told reporters on the sidelines of a symposium.

Vicem Hoang Mai Cement revises down 2012 profit

05 November 2012, Published under Cement News

Vicem Hoang Mai Cement JSC (HOM), listed on the Hanoi Stock Exchange, said it made an estimated pretax profit of VND66bn (US$3.17m) in the first 10 months of this year, according to Chief Accountant Tran Minh Son said. HOM did not give revenue figures in Jan-Sept, the Dau tu Chung khoan newspaper reported. High prices of input materials were blamed for the company’s profit fall, Son said. The company plans to revise down its 2012 profit target. In Jan-Sept, HOM made a net profit of VND54.5...

India Cements 2Q profit falls 29.6%

05 November 2012, Published under Cement News

India Cements, the largest cement producer in South India, reported fall of 29.59 per cent in net profit for the quarter ended September 2012 on lower margins. During the quarter, the net profit of the company fell to INR490.8m as compared with INR697.1m in the same period last year. This was lower compared to analysts' expectation of INR730m. Net sales during the quarter rose 3.12 per cent to INR11.25bn compared with the same period last year.

Moody's assigns definitive Aa1 to China Resources Cement bonds

05 November 2012, Published under Cement News

Moody's Investors Service has assigned a definitive Aa1 rating to the 5-year bonds issued by China Resources Cement Holdings Ltd. Moody's has removed the rating from provisional status upon the closing of the transaction. The rating outlook is negative.