Cement News tagged under: corporate
Siam Cement Group's Philippine sales rise 46% July-September 201829 October 2018, Published under Cement NewsSiam Cement Group (SCG) of Thailand has reported a cement sales increase between July-September 2018 of 46 per cent, boosted by the government's 'Build, Build, Build' in the Philippines. SCG’s Philippine sales from July to September expanded by to PHP5.09bn (US$94.8m), from PHP3.48bn during the same period last year. This put its total sales in the Philippines at PHP14.29bn after three quarters, 34 per cent better than the previous year's PHP10.62bn. SCG's sales in southeast Asia, excludin... |
Carribbean Cement 9M revenues up 8%, net profit down 28%29 October 2018, Published under Cement NewsCaribbean Cement Co Ltd reported revenues of JMD13.239bn (US$98.4m) in 9M18, up 7.9 per cent from JMD12.265bn in the year-ago period. EBITDA rose 58.8 per cent from JMD2.429bn in 9M17 to JMD3.857bn in 9M18 on the back of lower operational costs and increased plant efficiency. Operating profit advanced to JMD3.081bn, up 49.6 per cent when compared to 9M17. However, net finance costs of JMD1.077bn and taxation of JMD0.7bn saw net profit fall by 27.6 per cent from JMD1.814bn in 9M17 to JMD1... |
Aditya Birla Group announces US$5bn capex plan29 October 2018, Published under Cement NewsIndia's Aditya Birla Group, parent of UltraTech Cement, has announced US$5bn capex plans over the next three years for its businesses both in the domestic market and abroad. "Our capex plans over the next three years is about US$5bn across our businesses both in the country as well as in the US. Aleris, which Novelis is acquiring, is also another aluminium rolled product player, will attract around US$3bn of this projected capex," said Kumar Mangalam Birla, group chairman, at The Economist... |
Bilfinger awarded Bardon Hill contract by Aggregate Industries29 October 2018, Published under Cement NewsBilfinger, a Germany-based industrial services provider, has won an order from Aggregate Industries to assist with the expansion of Bardon Hill quarry in the UK. The contract includes the development, delivery, installation and networking of the electrical infrastructure of the many components and technology platforms required for the project, according to a press release. "The expansion of the quarry at Bardon Hill is one of the most ambitious projects being pursued in the European cement... |
LafargeHolcim 3Q18 sales grow by 5.8%26 October 2018, Published under Cement NewsLafargeHolcim reports that its 3Q18 results saw like-for-like net sales grow by 5.8 per cent and by 5.1 per cent in the first nine months of 2018 compared to the prior-year period. Growth was driven by increased demand as well as sales price increases. Recurring EBITDA grew over-proportionally by a very strong 8.1 percent in 3Q18 compared to 3Q17. Steep cost inflation in energy and logistics was more than offset by the company’s volume growth as well as the effectiveness of its pricing and... |
Cemex's gearing continues to decline to 89%26 October 2018, Published under Cement NewsDuring the first nine months of the year, Cemex cement shipments improved by 3.2 per cent to 52.69Mt, while ready-mixed concrete deliveries advanced by 3.7 per cent to 40.07Mm² and aggregates shipments by two per cent to 112.59Mt. The company’s turnover was seven per cent higher at US$10,933.1m, while EBITDA was a marginal 0.4 per cent ahead at US$1956m. The trading profit improved by one per cent to US$1330m, while the net interest charge dropped by 35.5 per cent to US$591m. The pretax prof... |
Pioneer Cement sees profits fall by 38% in 1QFY1926 October 2018, Published under Cement NewsPioneer Cement Ltd (PCL) announced its financial results for the 1QFY19 on 25 October. It posted a profit fall to PKR257m (US$1.93m), down by 38.4 per cent YoY, as compared to PKR417m reported in the same period last year. According to PCL's notification to Pakistan Stock Exchange (PSX), company sales during the quarter increased by 2.5 per cent YoY to PKR3.23bn from PKR3.15bn reported during the same period last year. The company incurred higher distribution cost of PKR41m and admini... |
Cemex Latin American Holdings sees weak volumes26 October 2018, Published under Cement NewsCemex Latin American Holdings saw turnover for the first nine months decline by 8.6 per cent to US$848.5m and EBITDA fell by 22.3 per cent to US$187.7m, with the margin coming down from 26.1 to 22.1 per cent. The trading profit declined by 29.7 per cent to US$129.2m. After a 7.7 per cent reduction in financial expenses to US$42.9m and other items, the pretax profit came off by 26.1 per cent to US$96.2m. After tax and minorities, the net attributable profit was 33 per cent lower at US$53.3m. ... |
Carthage Cement records 29% increase in turnover26 October 2018, Published under Cement NewsTunisia’s Carthage Cement has recorded a 29 per cent YoY increase in turnover to TND171.5m (US$59.84m) for the 9M18. This means that the company has reached the annual turnover for 2017 within the first nine months of 2018, according to the African Manager. Clinker exports exceeded TND40m, therefore consisting of 24 per cent of the total turnover. Despite an 18 per cent decline in the 3Q18, the aggregates business saw a one per cent increase in turnover to TND19m for the nine-month period. |
PT Holcim Indonesia Tbk shares rise steeply26 October 2018, Published under Cement NewsThe stock price of PT Holcim Indonesia Tbk rose steeply in trading this week. Rumours related to the divestment of shares owned by LafargeHolcim in Indonesia raised optimism in the company’s shares. According to CNBC Indonesia, Thursday, 25 October trading took the company’s share price up by 10.87 per cent to IDR1785/share (US$0.118/share). Trading volume was also quite large reaching 47.02m shares valued at IDR81.5bn. Since May speculation about the release of PT Holcim Indonesia Tbk... |