Cement News tagged under: corporate
China Resources expands in Yunnan, China29 August 2011, Published under Cement NewsChina Resources Cement announced its wholly owned subsidiary China Resources Cement Holdings (Hong Kong) Limited entered into agreements with San The Ltd. and San Teh Xing (Xiamen) Trade Co. Ltd. to acquire interests in Dali San-Teh Cement and Dali San-Teh Building Materials at CNY1.29bn (CNY). Upon completion, China Cement will own a 93.79% interest of the two companies, which engage in the production and sale of clinker and cement in Yunnan. The companies operate three 2500tpd NSP clinke... |
Shanshui Cement announces robust first half profits29 August 2011, Published under Cement NewsShanshui Cement, the largest cement enterprise in Shandong and Liaoning Provinces in China, announced its unaudited interim results for the six months ended 30 June 2011. During the period under review, the Group achieved year-on-year revenue growth of 65.8% to RMB7832m. Gross profit increased by 155.4% to RMB2470m and profit attributable to equity shareholders of the Company achieved remarkable growth of 206.5% to RMB1237m. Mr. Zhang Caikui, Chairman of Shanshui Cement, said, "In the firs... |
India Cements profits boosted29 August 2011, Published under Cement NewsIndia Cements posted 308.4% YOY growth in its net profit to INR1.02bn for 1QFY2012, primarily on account of higher realisation due to the supply and pricing discipline adopted by cement manufacturers in the southern region. However, India Cements’ dispatches fell by approximately 13% YOY to 2.3MT. For 1QFY2012, INC registered 20.2% YOY top-line growth to INR10.61bn, primarily due to a substantial 27.6% YOY increase in cement realisation to INR4176/t. India Cements’ freight cost per tonne i... |
YTL Cement net profit rises, Malaysia26 August 2011, Published under Cement NewsYTL Cement Bhd posted a 19.08% rise in net profit to MYR80.10m (US$26.8m) and a 28.52% gain in revenue to MYR635.04m for the fourth quarter ended June 30 compared with the same period a year ago on higher demand from the construction industry as well as improved performance of overseas operations. |
PT Holcim Indonesia sales rise 24%26 August 2011, Published under Cement NewsPT Holcim Indonesia reported a 23.5 per cent increase in YoY net profit to IDR457bn (US$53.5m) in the first half of the year. The surge in profit was attributable to boosting sales to 3.5Mt, up 24 per cent from the same period last year. Compared with other major cement producers, Holcim recorded the sharpest increase in net profit. The largest producer PT Semen Gresik posted an increase of 15 per cent to IDR1.8trn and the second largest Indocement chalked up a growth rate of 5.3 per cent... |
Lafarge industry appointments26 August 2011, Published under Cement NewsLafarge Spain has Raul Perez appointed industrial manager, former director of program optimisation of its cement division. He replaces John Aniz, who has been appointed director of Lafarge Industrial Brazil, the company said in a statement. |
Sabanci sees 13% growth in cement business, Turkey26 August 2011, Published under Cement NewsTurkish conglomerate Sabanci Holding, which has interests in cement, energy and banking, said second quarter net profit rose by two thirds as performance in its non-financial units improved. Sabanci’s net profit was TRL706.6m (US$402.6m), compared with TRL420.2m in the same period last year, on sales up 33 per cent at TRL2.6bn. "Among our non-financial operating areas, industrial companies recorded a growth of 71 per cent, energy 28 percent, retail 17 per cent, cement 13 per cent," said Ch... |
Lafarge Pakistan reduces first-half loss26 August 2011, Published under Cement NewsLafarge Pakistan Cement posted a loss after tax of PKR17.53m (US$0.2m) in the first half of the current calendar year (30 June 2011), which is a significant reduction on the loss it incurred in the same period of last year at PKR703.7m. Net sales increased to PKR36.84bn in the first half of 2011 against PKR34.23bn in the same period in 2010. However, the cost of sales decreased to PKR29.04bn from PKR32.71bn in 1H2010. Operating expenses increased to PKR3.359m during the period against PKR... |
Saudi Southern Province Cement boosts net profit25 August 2011, Published under Cement NewsSaudi cement producer Southern Province Cement, or SPC, said its net profit for the first six months of 2011 rose 24% YoY, to SAR465m (US$124m) from SAR375m a year ago. The company attributed the increase to a rise in sales. The earnings per share (EPS) stood at SAR 3.32, up from SAR 2.68. The operating profit increased to SAR469m for the first half of 2011 from SAR 377m in the same period last year. |
Lafarge Malayan Cement 2Q pre-tax profit rises25 August 2011, Published under Cement NewsLafarge Malayan Cement Bhd’s pre-tax profit for the second quarter ended June 30, 2011 increased to MYR104.093m (US$34.9m) from MYR91.429m in the corresponding quarter last year. The company attributed the better result mainly to a higher revenue and share of better results from its associated company but added that this was partly offset by the higher cost of fuel and raw materials. The 10 per cent in electricity tariff effective June 1, further added to the cost of production, it said in... |