Cement News tagged under: corporate
Anhui Conch Cement posts 13% increase in net profit for 201923 March 2020, Published under Cement NewsChina’s Anhui Conch Cement has announced a 13 per cent increase in net profit to CNY33.59bn (US$4.73bn) for 2019, compared with CNY29.81bn in the previous year. EBITDA advanced 9.5 per cent to CNY49.33bn from CNY45.07bn. Total sales surged 22.3 per cent to CNY157.03bn against CNY128.4bn in 2018. The company has attributed the positive results to higher sales of cement and other construction materials. It is also targeting CNY10bn of capital expenditure in 2020, which is expected to be used... |
Argos reports 11% rise in revenues in 201923 March 2020, Published under Cement NewsOn a consolidated basis, Colombia-based cement producer Argos reported an 11.4 per cent increase in revenues and a 14.3 per cent increase in EBITDA during 2019. The year ended satisfactorily with advances of 11.4 per cent in revenues and 14.3 per cent in EBITDA. Operations in the USA saw significant volume growth and prices in Colombia and the Caribbean recovered. The Central America region maintains conjunctural difficulties in Honduras and Panama, which was offset to some extent by the ... |
Holcim, Cemex suspend Luzon output23 March 2020, Published under Cement NewsHolcim and Cemex have suspended production at their operations in Luzon, the Philippines, to comply with social distancing and quarantine measures put in place by the country’s government to address the coronavirus pandemic. Holcim has suspended plant, terminal and office operations with measures covering the Bacnotan, La Union, Norzagaray and Bulacan cement plants. The company’s terminals in Calaca, Mabini, Manila and Batangas as well as the dry-mix plant in Paranaque will no longer disp... |
PPC Zimbabwe reports 15-20% volume drop23 March 2020, Published under Cement NewsPPC Zimbabwe has reported a fall of 15-20 per cent in volumes for the 11 months ended February 2020 due to the country’s economic environment, reports the Zimbabwe Mail. However, the company has recorded improved EBITDA margins of 35-38 per cent. Inflationary pressures in the country have increased the cost of inputs as well as decreasing consumer spending. Limited access to foreign currency has also added to the challenges. “Despite the challenging trading conditions in Zimbabwe, includ... |
AfriSam call for fair market conditions over imports23 March 2020, Published under Cement NewsSpeaking after AfriSam’s Annual National Budget breakfast event held in Sandton recently, AfriSam CEO, Rob Wessels emphasised the need for fair competition in the cement sector. He said industry was engaging government and trade authorities to ensure fair conditions over the import of cement, including the enforcement of existing port tariffs for these goods. "For a number of reasons, South Africa is unfortunately de-industrialising its economy," Mr Wessels said. "As committed corporate ... |
Caribbean Cement resumes exports to Cuba23 March 2020, Published under Cement NewsCaribbean Cement Co Ltd increased its export sales threefold YoY in 2019, including markets such as Guantánamo Bay, Cuba. While CCCL’s 2019 annual report did not name Guantánamo Bay, a cement company representative told the Financial Gleaner that Caribbean Cement resumed exports to that area, and that those sales would have positively impacted on total exports. The cement producer had previously announced that it wanted to recommence exports to several Caribbean countries, including the Ba... |
Titan records 8% advance in revenue for 201920 March 2020, Published under Cement NewsGreece-based Titan Cement has seen its group consolidated revenue advance eight per cent to EUR1.609bn in 2019, compared with EUR1.49bn in the previous year. EBITDA also increased 2.8 per cent YoY to EUR267.1m from EUR259.7m. "We are well placed to simultaneously navigate the market cycles of our business and participate in the major transformational changes that will affect our sector and beyond, focusing on operational excellence and profitability, as well as on adaptability, agility and... |
HeidelbergCement confirms positive 2019 results20 March 2020, Published under Cement NewsHeidelbergCement has confirmed the positive preliminary results for 2019 it published last month , thereby concluding the business year successfully. "Although the environment was again challenging, we were able to improve numerous important key figures in the 2019 financial year. Especially our good profit for the financial year before non-recurring effects and the strong cash flow exceeded our expectations," said Dominik von Achten, chairman of the Managing Board of HeidelbergCement. ... |
Cevian Capital increases stake in CRH20 March 2020, Published under Cement NewsCevian Capital, Europe’s largest activist investor, has increased its stake in CRH to above three per cent for the first time. "As a long-term investor, we are pleased to be able to increase our ownership and commitment to CRH at a share price that is well below our view of the value of the group's assets," said Cevian Capital partner, Gustav Lundgren. "We remain convinced of CRH's potential and support the company's efforts to unlock value and enhance long-term competitiveness," he ad... |
Votorantim Cimentos to install distribution centre in Uberaba20 March 2020, Published under Cement NewsBrazil-based Votorantim Cimentos has announced plans to build a distribution centre in Uberaba, Minas Gerais, Brazil. The new centre will have storage space of 2000m2 and will serve the Uberaba region and a radius of 100km. The unit is expected to be operational in the 2H20 and provide improved and faster services for the region’s customers. |