Cement News tagged under: corporate
Ambuja sees 188% 4Q net profit surge19 February 2019, Published under Cement NewsAmbuja Cements' sales rose 6.7 per cent to 13.63Mt in the quarter ended 31 December 2018 from 12.78Mt in 4Q17. This resulted in a total income of INR68.552bn (US$959.7m) in the October-December 2018 quarter, up 9.3 per cent YoY, while consolidated net profit surged 188 per cent to INR13.779bn. In its outlook LafargeHolcim-owned Ambuja Cements said the higher investment in the road network and housing sector, announced in India’s interim Budget 2019 will help boost economic development in ... |
Cementir shows modest improvement19 February 2019, Published under Cement NewsCementir Holding's adjusted turnover in 2018 improved by 4.9 per cent to EUR1196.2m and EBITDA advanced by 7.1 per cent to EUR238.5m, while the trading profit showed a nine per cent improvement to EUR153.2m. Net debt at the end of 2018 was 53 per cent lower at EUR255.4m, largely thanks to the sale of Cementir Italia to HeidelbergCement, while purchasing an additional 38.75 per cent of Lehigh White Cement Co, taking its stake to 63.25 per cent. Group shipments of grey and white cement, and... |
Haver & Boecker South Africa names new MD and other appointments19 February 2019, Published under Cement NewsHaver & Boecker's South African subsidiary has been reorganised with Norbert Tschudy appointed the new Managing Director. The management team is completed by Sarina Karstens, head of finance and administration and responsible of the financial well-being of the subsidiary, and Fabian Stuart, head of operations and in charge of customer service. Meanwhile, Jade Edas joins the building materials and mineral sales team. As Head of Sales and Projects, Norbert Tschudy is supporting this team a... |
Saurashtra Cement reports net loss of INR6.7m18 February 2019, Published under Cement NewsIndian cement producer Saurashtra Cement saw its net profit fall to INR6.7m (US$93,790) in the quarter ended December 2018 when compared with INR33.2m in the year-ago period. Sales rose 11.3 per cent to INR1.585bn in the October-December 2018 from INR1.424bn in October-December 2017. |
National Cement Co opens new 1Mta line in Libya18 February 2019, Published under Cement NewsAli Al-Issawi, Libyan Minister of Economy and Industry, and the board of directors of the National Company for Cement opened the 1Mta second production line at Zliten cement plant. Mr Al-Issawi said that the project marks the beginning of an industrial renaissance in the country and contribute to creating new employment opportunities for young people. "The new line will enable the National Cement Company to raise the total capacity of its production to more than four million tons annually,... |
KCP starts commercial production at Muktyala II18 February 2019, Published under Cement NewsIndia-based KCP has started commercial production on the second line of its plant in Muktyala, Andhra Pradesh, according to the company’s notification to the Bombay Stock Exchange. Some minor work such as the packing facilities of the 1.66Mta cement works remains outstanding but the company expects to complete this in about two months’ time. The latest addition takes the total capacity of KCP to 4.3Mta. In addition, the company is further expanding its capacity with a 0.5Mta grinding uni... |
Cementos Mélon reports profit up 9% in 201818 February 2019, Published under Cement NewsCementos Mélon saw an 8.9 per cent increase in profits to CLP9.067bn (US$13.7m) in 2018 but EBITDA fell 2.9 per cent to CLP28.572bn. The fall was attributed to lower sales of cement and concrete as well as a rise in raw material costs. The Chile-based cement producer reported a 4.5 per cent rise to CLP191.347bn from CLP193.014m in 2017. |
Ashaka Cement to start 16MW power plant15 February 2019, Published under Cement NewsAshaka Cement Co is set to inaugurate a 16MW power plant project in Nigeria. Managing Director of Ashaka Cement, Rabiu Abdullah Umar, said the power plant costs US$30.5m. "We are helping to remove ourselves from the demand for energy, and providing our own solution, which means a minimum of 16MW of electricity, will now become available to the public grid for the people in the region to enjoy from," said Mr Abdullah Umar. "The power plant, infrastructure, and cement capacity are all testam... |
Ambuja Cements announces plant expansion project15 February 2019, Published under Cement NewsIndia’s Ambuja Cements Ltd is planning to expand manufacturing capacity from 2.4Mta to 3.4Mta at its Jala Dhulagori facility in West Bengal. While the company is awaiting environmental clearance, work on the project is expected to begin by October 2019. |
Arkan sells Emirates cement plant15 February 2019, Published under Cement NewsUAE-based Arkan Building Materials has announced the sale of its Emirates cement plant for AED50m (US$13.6m). The company also noted the permanent shutdown of Emirates Cement Co. Arkan has already received AED21.9m of the total amount, recognised in its 2018 financials as other income. The company’s main operations are based at its separate 4.5Mta facility in Al Ain. |