Cement News tagged under: corporate
Cemex to establish distribution centre in northern Spain15 February 2019, Published under Cement NewsCemex plans to build its first distribution centre in the north of Spain at Olano Wharf. The company has applied for a 2500m 2 concession in the port of El Musel for the new centre, which will incorporate a bagging plant and silos. Cemex already has a significant presence in the country, but only has facilities in Madrid, Aragón and the Mediterranean communities from Catalonia to Andalucia, the Balearic Islands, Ceuta and Melilla. Now the company wants to copete with Tudela Veguín in the... |
Dangote hires new CFO ahead of London IPO15 February 2019, Published under Cement NewsDangote Cement has hired Guillaume Moyen as chief financial officer for operations ahead of the company’s proposed listing on the London Stock Exchange later this year. Mr Moyen would be taking on a newly-created position, according to Carl Franklin, head of investor relations. He was previously employed as CFO by UAE-based OLA Energy. Dangote has tentatively scheduled in the long-awaited IPO for September, reported Bloomberg. |
Cherat Cement records PKR1.02bn net profit in 1HFY18-1914 February 2019, Published under Cement NewsCherat Cement Company Ltd (CCCL) has announced its financial results for the half year ended 31 December 2018. CCCL declared a net profit of PKR1.02bn (US$7.29m), down by 23.9 per cent YoY, as compared to PKR 1.349bn earned in the same period last year. CCCL's Executive Director and Company Secretary, Abid Vazir, said the company's net sales during the 1HFY18-19 fell to PKR7.032bn from PKR 7.585bn during the first six months of FY17-18. It incurred a higher distribution cost of PK... |
Cementos Pacasmayo revenues sees 5% rise in 4Q1814 February 2019, Published under Cement NewsPeru-based Cementos Pacasmayo reported a rise of 4.6 per cent in revenues to PEN340.7m (US$102.3m) in the fourth quarter of 2018 with sales volumes of cement, concrete and precast increasing 5.6 per cent to 656.2t as the public sector recovered. Demand from self-construction and small- and medium-sized projects also advanced. The cement EBITDA margin slipped by 5.8 percentage points to 26.6 per cent, mainly due to higher production costs and a non-cash effect generated by the provision of ... |
Madanganj plant to expand capacity by 0.3Mta14 February 2019, Published under Cement NewsBashundhara Industrial Complex (Bashundhara group) plans to expand its cement production capacity at its Madanganj cement plant in Narayanganj, Bangladesh. The current cement capacity of the plant is 2.1Mta and will rise by 0.3Mta to 2.4Mta after the expansion project, which is scheduled to be commissioned in 2020 taking the Bashundhara group's cement capacity to 7.56Mta. "We are enhancing our cement production capacity to meet the rising demand," said Mohammed Balayet Hossain, senior depu... |
Deccan Cements sees four-fold 3Q net profit surge14 February 2019, Published under Cement NewsIndia-based Deccan Cements reported a near four-fold hike in its net profit for the third quarter ended 31 December 2018. Net profit surged to INR329.9m from INR89.5m in the 3QFY18-19. Total income of the company increased from INR1362.1m in the year-ago period to INR5029.2m in the third quarter of the current financial year. Deccan Cements produces OPC, PPC, blended and slag cement as well as generating hydroelectric, wind and thermal power. |
RAK Cements profit falls to AED13m14 February 2019, Published under Cement NewsRas Al Khaimah Co for White Cement and Construction Materials has posted a 57 per cent drop in net profit to AED13m (US$3.5m) in 2018. The company’s revenues fell from AED767.92m in 2017 to AED755.22m one year later while total assets declined to AED1.03bn in 2018 versus AED1.102bn the previous year. |
Ozarow Cement names Janusz Miluch as new CEO13 February 2019, Published under Cement NewsOzarow Cement in Poland has appointed Janusz Miluch as its new CEO. He will replace Andrzej Ptak, who retired at the end of December. Ozarow Cement is part of the Ireland-based CRH group and has 90 sites where it produces a range of building materials. |
Martin Marietta Materials achieves record volumes and profits13 February 2019, Published under Cement NewsUS-based Martin Marietta Materials saw turnover advance by seven per cent in 2018 to US$4244.3m. EBITDA was 8.6 per cent ahead at US$1103.8m, but the final quarter showed a 5.9 per cent decline. The trading profit eased by 1.4 per cent to US$690.7m, while interest charge increased by 49.8 per cent 137.1m, giving a pretax profit 6.9 per cent lower at US$576.1m. A tax charge compared with a credit in the previous year gave a net attributable profit 34.1 per cent lower at US$470m. The compan... |
JSW Cement completes Dolvi expansion13 February 2019, Published under Cement NewsIndia’s JSW Cement has announced the completion of its expansion project at its plant in Dolvi, Maharashtra. The project has increased capacity from 1Mta to 2.2Mta, thereby lifting the company’s installed capacity to 12.6Mta. "Our Dolvi cement unit is located closest to our customers in Maharashtra thereby ensuring that all their requirements are serviced quickly and with the freshest quality cement. It enables us to become an integral part of state's infrastructure growth story," said Part... |