Cement News tagged under: corporate
Pioneer Cement and DG Khan Cement report profit falls in 1HFY1927 February 2019, Published under Cement NewsTwo more leading cement companies of Pakistan announced their financial results for 1HFY19 (July-December 2018) to the Pakistan Stock Exchange (PSX). DG Khan Cement Co Ltd (DGKC) and Pioneer Cement Ltd (PCL) reported falls in profit despite increased cement sales due to the negative impact of the devaluation of the Pakistani rupee, amid higher coal prices and other factors during this period. DG Khan Cement While announcing its financial results for the half-year ended 31 December 201... |
GCC looking for additional US assets27 February 2019, Published under Cement NewsGrupo Cementos de Chihuahua (GCC) is exploring options for mergers and acquisitions in different markets, particularly the USA, according to CE Noticias Financieras. "In terms of growth in the US we are actively seeking expansions, mergers and acquisitions and that does not necessarily exclude completely that we could not expand through special capex," said GCC Director Enrique Escalante. In June 2018 GCC acquired the 0.315Mta Trident cement plant in Three Forks, Montana, from CRH. |
Bafuloto plant to open in 202027 February 2019, Published under Cement NewsConstruction work has started on Jah Multi Industrial Company Ltd's cement plant in Bafuloto, in the West Coast region of Gambia. Sheriff Faye, operational manager of Jah Multi Industrial Co (JMIC), said the plant will not be commissioned until 2020, but the company would be supplying the local market with cement before then. Two vessels of cement will dock at the port every 10 days, he claims, to earn the confidence of consumers. Mr Faye added that within a period of two months, the con... |
Caribbean Cement records JMD2.5bn profit27 February 2019, Published under Cement NewsJamaica's Caribbean Cement Co set a record profit of JMD2.47bn (US$18.89m) in its last financial year. Sales by the cement producer rose six per cent to JMD17.5bn, while its net profit more than doubled from JMD1.1bn to JMD2.47bn. The results follow the restructuring of inventory and manpower and other efficiency measures, as well as investments in the plant at Rockfort, Kingston, reports The Gleaner. "The year 2018 marked the beginning of a period of stability for the company," Caribbean ... |
Cruz Azul commences construction of new Hidalgo line27 February 2019, Published under Cement NewsMexico's Cruz Azul has begun construction of its No 10 production line at the Hidalgo cement plant. thyssenkrupp Industrial Solutions, Fives and Loesche GmbH are the suppliers of equipment and engineering development for this project, which will be completed in 22 months. "Cooperativa La Cruz Azul has taken the initiative to modernise its cement production plants to optimise production processes, increase their competitiveness and, in addition, provide their workers with better working cond... |
Gharibwal Cement profit shrinks by 21% in 1HFY1927 February 2019, Published under Cement NewsGharibwal Cement Ltd (GCL) declared a net profit of PKR593m (US$4.28m) for the half year ended 31 December 2018, down by 21.2 per cent YoY, as compared to PKR752m earned in the same period last year. GCL informed the Pakistan Stock Exchange (PSX) that net sales of GCL during 1HFY18-19 slightly increased to PKR5.505bn from PKR 5.478bn during this period. The company's administrative expenses edge up to PKR197m against PKR193m in the same period last year. It also incurred a higher distribu... |
Launch of UK’s largest provider of industrial heat exchanger solutions27 February 2019, Published under Cement NewsThe UK's largest provider of design, manufacture and support services for heat exchanger and boiler equipment for the cement industry has been created through a new partnership between Wakefield-based Green's and Yorkshire's Thornhill. With multiple UK sites offering in-house design, fabrication, testing, repair and refurbishment complemented by on-site inspections, repairs and installation, the combined group offers the UK's widest range of services available from one supplier. Green's ... |
Dewan Cement profit contracts by 40.29% in 1HFY1926 February 2019, Published under Cement NewsDewan Cement Ltd (DCL) has announced its financial results for the half year ended 31 December 2018. It declared net profits of PKR328m (US$2.74m), representing a decrease of 40.29 per cent YoY, as compared to PKR550m earned in the same period last year. Imran Ahmad Jawed, CFO of DCL, informed the Pakistan Stock Exchange (PSX) that the company's net sales edged up to PKR6.466bn from PKR6.457 during this period. It incurred a higher distribution cost of PKR111m against PKR106m in the same ... |
Umm Al-Qura Cement sees 15% drop in 2018 revenues26 February 2019, Published under Cement NewsUmm Al-Qura Cement Co reported a fall in sales of -14.9 per cent to SAR164.4m (US$43.8m) in 2018 when compared to sales of SAR193.2m in 2017. Total profit decreased by 32.3 per cent from SAR71.9m in 2017 to SAR49.6m in 2018 while net profit after zakat and tax declined 84.6 per cent to SAR10m in 2018 when compared with SAR65.6m in the year-ago period. |
Bolivia’s Lower House approves Ecebol land26 February 2019, Published under Cement NewsThe Lower House of the Bolivian Parliament has approved a bill to provide 39.8ha of land to state-run Ecebol for a future cement plant in Potosi. The site is located in Chiutara and was formerly owned by Potosi council. The contract for the 1.3Mta production facility was signed in March 2018. The project represents an investment of US$241.1m. |