Cement News tagged under: corporate
Eurocement modernises Katavskiy Cement grinding section07 June 2019, Published under Cement NewsRussia-based Eurocement has invested more than RUB180m (US$2.8m) in the modernisation of the grinding system at its Katavskiy Cement plant. The project saw input from several European equipment suppliers. Christian Pfeiffer delivered separators, while Aumund and Siemens were responsible for the plant’s elevators and automation systems, respectively. Vega delivered the internal milling equipment and grinding media. "The main goal of modernisation was to improve the quality characteristics ... |
Cementos Esfera moves to Madrid07 June 2019, Published under Cement NewsSpain’s Cementos Esfera (LafargeHolcim) has relocated its base of operations from Salou, Catalonia, to Madrid. LafargeHolcim has decided to convert the Salou unit into a distribution centre that will serve the group’s facilities in Montcada and Sagunto. The news follows its parent company also moving to the capital at the beginning of 2018. Cementos Esfera stopped its 0.5Mta cement milling operations in 2013 following a 75 per cent drop in sales across the sector, according to Cronica Global. |
Votorantim Cimentos records 6% net revenue rise06 June 2019, Published under Cement NewsBrazil's Votorantim Cimentos has reported a 5.5 per cent YoY rise in net revenue to BRL2524m (US$654.5m) for the first quarter of 2019. The increase was attributed to the results of its Brazilian and other Latin American operations, combined with the positive effect of the real’s depreciation against the US dollar. The company’s adjusted EBITDA surged 179.9 per cent to BRL586m from BRL214m, while its EBITDA margin advanced to 23 per cent from nine per cent. The most significant growth in E... |
Holcim Philippines seals large cement supply contract06 June 2019, Published under Cement NewsHolcim Phlippines Inc has sealed an agreement with Davao Constructors Association Center Inc (DCACI) to supply 400,000t of cement to its building group of 179 construction companies. This follows the provision of 320,000t of cement being supplied by Holcim Philippines to DCACI in 2018. Having introduced its new high-performance blended cement called Solido, construction companies have been eager to use the alternative to ordinary Portland cement (OPC). DCACI president, Antonio Y Uy, said... |
Calcar Products to begin work on new grinding unit06 June 2019, Published under Cement NewsIndia's Calcar Products is expecting to begin Phase I of its new cement grinding unit project this month. The facility will be set up in two phases at Bhupdeopur village of Raigarh district, Chhattisgarh, with each phase representing 0.33Mta of cement capacity. Th estimated investment cost for Phase I is INR420m (US$6.06m) and INR330m for Phase II. The project is due for completion in the first half of 2020. |
Holcim Philippines reports 35% EBITDA surge in 1Q1905 June 2019, Published under Cement NewsHolcim Philippines has reported a 5.8 per cent YoY decrease in revenue to PHP8.1bn (U$156.28m) for the first quarter of 2019. However, EBITDA has surged 35 per cent to PHP1.7bn while its EBITDA margin climbed from 14.6 per cent to 20.8 per cent in the 1Q19. A minor increase in net profit to PHP704m from PHP700m has been attributed to higher interest expenses for funding capital projects. "I am very pleased to share that we have successfully followed up our strong finish in 2018 with an exce... |
Nepal's state cement plants outperform other public manufacturing companies05 June 2019, Published under Cement NewsNepal's state enterprises had a poor FY17-18 with 26 only out of 39 public companies making a profit. The government injected NPR164.42bn (US$1.48bn) into the 39 public enterprises, an increase of 0.67 per cent compared to the previous fiscal year, according to the Annual Performance Review of Public Enterprises. The manufacturing sector suffered particularly with Hetauda Cement Industries and Udayapur Cement Industries among the state-owned companies in this sector. While the two cement pr... |
Alpha Cement plant to resume construction04 June 2019, Published under Cement NewsConstruction of Alpha Cement plant, near the village of Aung Thabyay in Patheingyi Township, Mandalay, Myanmar is due to resume after police arrested approximately 100 protestors in May. The US$200m cement plant is being established by China's Myint Investment company under the approval of the Myanmar Investment Commission, but the project has been suspended since its approval in 2012, due to local opposition. Protests from local farmers and residents are mainly over the environmental an... |
Penna Cement secures approval for IPO04 June 2019, Published under Cement NewsIndia’s Penna Cement Industries Ltd has received approval from the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). The company’s proposed IPO size is INR15.5bn (US$223.7m), with the offer comprising of fresh shares worth INR13bn and INR2.5bn of shares from the promoter, PR Cement Holdings Ltd. The company is expected to use INR10bn of the fresh net proceeds to repay or make advance payment of its debt besides using an undisclosed amount towards gene... |
YTL Corp sees cement revenue fall 4% in 9MFY1904 June 2019, Published under Cement NewsYTL Corp Bhd released disappointing results for the 9MFY19 for its cement division. Cement revenue was down by four per cent YoY, but earnings were up 96 per cent YoY. The Malaysian company reported lower a sales volume impacting its top line. YTL Cement's margins improved significantly given the higher selling price and lower operating expenditure. The recent 51 per cent acquisition of Lafarge Malaysia will reflect a small loss in contributions in 4QFY19. The acquisition is expected to im... |