Cement News tagged under: corporate
Birla Corp announces results and starts constructing new facility07 February 2019, Published under Cement NewsIndia’s Birla Corp Ltd reported a INR270m (US$3.76m) net profit for the third quarter ending 31 December 2018, up from a INR220m net loss of the previous year’s period. The growth was recorded despite an increase in the cost of petcoke and coal. Furthermore, the company’s net sales rose 12 per cent to INR15.57bn in the 3QFY8-19, compared to INR13.88bn of the year-ago period. The company also announced that its RCCPL subsidiary has begun construction of a 3.9Mta greenfield integrated ceme... |
ACC sees 8% rise in cement deliveries in 201806 February 2019, Published under Cement NewsThe Indian LafargeHolcim subsidiary ACC Ltd has reported an 8.4 per cent increase in cement deliveries for 2018 to 28.44Mt, while in the fourth quarter the advance was of a similar magnitude to 7.5Mt. The turnover advanced by 12.1 per cent to INR144.77bn (EUR1774m) while EBITDA were up by 10.8 per cent to INR29.12bn (EUR260m) but the pretax profit rose by 20.6 per cent to INR15.8bn (EUR194m) and thanks to writing back tax provisions relating to earlier years of INR5.01bn, the net profit shot... |
Boral releases revised FY19 guidance06 February 2019, Published under Cement NewsBoral Ltd announced that it expects net profits after tax for 1HFY19 to be around AUD200m (US$142.6m) and EBITDA to be approximately AUD483m. Excluding the impact of lower earnings due to the sale of Denver Construction Materials (in July 2018) and Texas Block (in November 2018), EBITDA for the 1HFY19 is expected to be broadly steady. EBITDA growth from Boral North America is likely to be offset by lower earnings in Australia and a lower contribution from USG Boral. Boral's FY19 EBITDA is ... |
Cevian Capital announces stake in CRH06 February 2019, Published under Cement NewsEurope's largest activist investor, Cevian Capital, has announced that it has built up a stake in CRH to become its second-biggest individual investor. "The group has many strong positions in attractive markets and we are convinced that CRH's assets could become significantly more valuable," Christer Gardell, managing partner of Cevian, disclosed to Reuters. The exact size of Cevian’s holding is unknown, however a stake of almost three per cent, worth around EUR600m, would be necessary t... |
Thatta Cement earns PKR300m in 1HFY1906 February 2019, Published under Cement NewsThatta Cement Co Ltd (TCCL) announced its financial results for the half year ended 31 December 2018 with consolidated earnings at PKR300m (US$2.1m), down by 6.54 per cent YoY, as compared to PKR321m reported in the same period last year. According to TCCL's notification to Pakistan Stock Exchange (PSX) on 6 February, company sales during the half year period increased by 34.54 per cent YoY to PKR2.33bn as compared to PKR1.73bn during the same period last year. The company incurred high... |
Anjani Portland records 22% rise in net sales06 February 2019, Published under Cement NewsIndia’s Anjani Portland Cement Ltd has recorded a 22.2 per cent YoY rise in net sales to INR1.1bn (US$15.3m) for the third quarter of FY18-19, compared with INR902.7m of the year-ago period. However, net profit declined 27.5 per cent to INR23.7m from INR32.7m. In the nine months to 31 December 2018, the company saw a 15.5 per cent YoY increase in net sales to INR3.18bn from INR2.75bn. Net profit fell 32.5 per cent to INR116.3m in the 9MFY18-19, compared with INR172.3m of the previous year. |
Hail Cement sees a 19% increase in revenue06 February 2019, Published under Cement NewsSaudi Arabia’s Hail Cement made a net loss of SAR23.55m (US$6.27m) in 2018, compared with a SAR15.54m profit in 2017. However, revenue increased 19.1 per cent YoY to SAR195.98m. In the final quarter of 2018, the company recorded a 23.8 per cent YoY decline in profit to SAR8.83m from SAR11.59m. |
Holcim Australia announces new CEO06 February 2019, Published under Cement NewsFollowing the commencement of Nick Miller’s duties as CEO of Adelaide Brighton last week, the company has announced the departure of George Agriogiannis, executive general manager of concrete and aggregates. Mr Agriogiannis will become chief executive of Holcim Australia on 11 March. The current CEO of Holcim Australia, Mark Campbell, will leave the company at the end of March. "I wish to announce that Mark Campbell has decided to leave Holcim Oceania to pursue his career outside the grou... |
JSW Cement announces Salboni expansion05 February 2019, Published under Cement NewsIndia’s JSW Cement has announced plans to increase the capacity of its unit in Salboni, West Bengal, from 2.4Mta to 3.6Mta. Only commissioned in January 2018, the company has stated that the facility has already become an integral part of its growth in the eastern region of the country. "Over the last year we have catered to the requirements of all our customers in West Bengal, Jharkhand, Bihar and Odisha through our manufacturing unit in Salboni. Our plans to expand capacity in Salboni ... |
Eurocement’s Voronezh plant sees 5% rise in deliveries05 February 2019, Published under Cement NewsEurocement’s 3.075Mta cement works in Voronezh has increased its cement production by three per cent YoY to 1.87Mt in 2018, according to a company press release. Deliveries rose by five per cent YoY to 1.881Mt in 2018. The plant broke its monthly shipment record twice in the year: in June it shipped 202,000t of cement, followed by 206,000t of delivered product in August. |