Cement News tagged under: corporate
Loma Negra reports fire at L'Amalí plant06 August 2019, Published under Cement NewsArgentina’s Loma Negra has reported that a fire broke out in an auxiliary building of the second line at its L'Amalí plant, Olavarría, last Thursday night. The line is still under construction, however the cause of the incident is yet to be determined. The company has noted that no significant impacts are expected and the plant will operate normally to serve its customers, according to a press release. |
Buzzi Unicem reports strong 1H EBITDA05 August 2019, Published under Cement NewsBuzzi Unicem's first-half turnover improved by 13.6 per cent to EUR1518.7m and EBITDA rose by 26.9 per cent to EUR288.6m. Group cement deliveries improved by 7.1 per cent to 13.9Mt, but ready-mixed concrete deliveries eased by 0.5 per cent to 5.8Mm³. The first-half results include a EUR12.3m non-recurring benefit arising from the first time adoption of IFRS 16. The depreciation and impairment charges increased by 18.3 per cent to EUR123m and the 1H trading profit advanced by 34.1 per cent... |
JK Cement reports 212% increase in net profit05 August 2019, Published under Cement NewsIndia’s JK Cement has reported a 211.8 per cent YoY increase in standalone net profit for the quarter ending 30 June, rising to INR1.53bn (US$21.86m) from INR493.2m. Net revenue of the company rose 19 per cent to INR132.7bn from INR111.5bn. During the April-June quarter, operating expenses advanced 6.1 per cent to INR102.4bn from INR9.65bn. However, operating profit surged 102 per cent to INR30.3bn, compared with INR1.5bn in the year-ago period. |
Arabian Cement Co signs petcoke supply deal05 August 2019, Published under Cement NewsEgypt’s Arabian Cement Co has signed an agreement with Egyptian Refining Co, a subsidiary of Qalaa Holdings, for the supply of 272,155t of petcoke. "This agreement aligns with Arabian Cement Co’s efforts to reduce production costs, and highlight our leading market position in implementing projects and signing agreements with key industry partners," said Sergio Alcantarilla, CEO of ACC. According to Mr Alcantarilla, the agreement will help diversify the company's energy sources and result... |
Kuwait Portland Cement sees slight fall in 2Q19 profit05 August 2019, Published under Cement NewsKuwait Portland Cement has noted a 0.7 per cent YoY decline in profit for the 2Q19 to KWD1.52m (US$5m), compared with KWD1.53m in the corresponding period of last year. However, the company’s net profit for the first half of the year increased 3.2 per cent to KWD5.57m from KWD5.4m, according to a statement to the Boursa Kuwait. |
ECEBOL’s Oruro plant inaugurated05 August 2019, Published under Cement NewsOn Saturday, 3 August, Empresa Pública Productiva de Cementos de Bolivia (ECEBOL) inaugurated its new Oruro plant in presence of Evo Morales, Bolivia’s president. “The cement factory we have, is the most modern in South America, is in Caracollo; a huge satisfaction" and "our cement factory is inaugurated, an expected dream maybe 50 or 60 years in the department of Oruro," said the President Evo Morales in a rally that accompanied the delivery of the plant of ECEBOL. The 1.3Mta cement pro... |
Siam City Cement Vietnam signs US$468m investment agreement with Kien Giang province05 August 2019, Published under Cement NewsKien Giang province has signed an investment cooperation agreement with Siam City Cement Vietnam, part of the Thailand-based Siam City Group, for a cement plant in Kien Luong district. The agreement represents an investment of VND10.89trn (US$468m) for both a limestone and clay mining project as well as a clinker line. |
Qassim Cement sees 2Q profit rise05 August 2019, Published under Cement NewsSaudi cement producer Qassim Cement reported a net profit after zakat and tax of SAR70.5m (US$18.8m), a 383 per cent increase YoY, when net profit reached SAR18.4m, according to Reuters. Second-quarter sales surged from SAR88.1m in the 2Q18 to SAR154.5m in the 2Q19. The rise in sales was driven by an increase in average selling prices. |
Titan Group's 1H19 results bolstered by USA02 August 2019, Published under Cement NewsTitan Group recorded a turnover of EUR785.4m in 1H19, up 10.2 per cent on 1H18. This was attributed to a strong performance in the US market and growth in cement demand in southern Europe, along with a return to modest sales in Greece. EDITDA remained flat at EUR122.2m following challenging conditions in Egypt and Turkey, while group net profit after minority interests and taxes amounted to EUR13.3m versus EUR24.8m in 1H18. Consolidated turnover in 2Q19 for the group reached EUR422.7m, up ... |
Vicat sees poorer results in Turkey and Switzerland02 August 2019, Published under Cement NewsVicat's first-half turnover advanced by 4.6 per cent to EUR1340m but eased by 0.6 per cent on a comparative basis. EBITDA improved by 1.7 per cent to EUR228 while the margin eased from 17.5 per cent to 17 per cent. The trading profit declined by 9.4 per cent to EUR97m, while the net interest charge was EUR6m higher at EUR22m, giving an attributable profit 20.7 per cent lower at EUR46m. Cement deliveries were down by 4.9 per cent to 10.81Mt and the share of turnover from cement eased ma... |