Cement News tagged under: corporate
GCC announces 11% sales increase for 9M1824 October 2018, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has recorded an 11.1 per cent YoY increase in sales to US$677.4m for the first nine months of 2018. EBITDA surged 16.3 per cent to US$198.6m in the same period, while its EBIDTA margin reached 29.3 per cent. In the 3Q18 net sales advanced 10.6 per cent YoY to US$278.6m from US$251.9m. EBITDA was also up 9.2 per cent to US$83.6m, compared with US$76.6m of the year-ago period. "GCC's third quarter and nine-month results show continued success in i... |
Kohat Cement reports 1QFY19 earnings drop of 41%24 October 2018, Published under Cement NewsKohat Cement Company Ltd (KOHC) announced its financial results for 1QFY19 by reporting earnings of PKR529m, down by 41 per cent YoY, as compared to PKR903m reported in the same period last year. According to a filing of company to PSX, its sales during the quarter inched up by three per cent YoY to PKR3.52bn, likely due to an increase in cement sales prices against the comparative period. The company incurred higher distribution cost of PKR30m and administrative expenses of PKR7m c... |
Maple Leaf Cement profits fall in 1QFY1924 October 2018, Published under Cement NewsPakistan's Maple Leaf Cement Factory Ltd (MLCF) announced its financial results for 1QFY19 with consolidated earnings falling at PKR587m (US$4.4m), down by 45 per cent YoY, as compared to PKR1073m reported in the same period last year. According to MLCF's notification to Pakistan Stock Exchange (PSX), company sales during the quarter declined by three per cent YoY to PKR5.65bn, likely due to a slowdown in dispatches as a consequence of a halt in development projects by the caretaker gover... |
GCP Applied Technologies receives European sustainable grinding patent24 October 2018, Published under Cement NewsGCP Applied Technologies Inc has been issued with a patent for increasing cement grinding efficiency by using sustainable raw materials. The novel grinding aids and quality improvers allow the use of bio-derived glycerol and reduce the use and the impact of oil-derived chemicals. European Patent No EP 1 728 771 B1 has been granted and registered in 17 European countries and relates to methods for improving the efficiency of grinding materials such as clinker and limestone, using glycerol de... |
Aumund opens St Petersburg office with technical seminar24 October 2018, Published under Cement NewsAumund relocated its representative office in Moscow, Russia, to St Petersburg in August, opening it up with a technical seminar attended by over 50 participants. The invited organisations represented a wide spectrum of applications in the bulk material handling of cement, lime and gypsum, amongst many other industries. "The fact that the participating project institutes came from different branches of industry made the discussions and the exchanges of experience particularly interesting a... |
Dangote reports 15% rise in 9M EBITDA23 October 2018, Published under Cement NewsDangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery.... |
India Cements to set up 1.5Mta grinding unit23 October 2018, Published under Cement NewsIndia Cements Ltd is planning to establish a 1.5Mta clinker grinding unit in East Nimar district, Madhya Pradesh, at an estimated investment cost of INR3.16bn (US$42.95m). The company is currently awaiting environmental clearance for the project, while financial closure is underway. Contractor and machinery suppliers are yet to finalised, however work on the project is expected to begin by February 2019. |
Al Rashed signs agreement to market and distribute NRCC's white cement23 October 2018, Published under Cement NewsSaudi Arabia's Al Rashed Cement has signed an agreement with Northern Region Cement Co (NRCC) to facilitate marketing and distribution of NRCC’s white cement. The value of the one-year contract will be determined based on market price, according to a statement to the stock exchange. NRCC reported a loss of SAR6.69m (US$1.78m) in 2Q18, compared with a profit of SAR8.26m for the year-ago period. In the 1H18, the company recorded a SAR5.23m net loss. |
Fauji Cement announces 80% earnings growth23 October 2018, Published under Cement NewsPakistan’s Fauji Cement Co Ltd recorded 79 per cent YoY growth in its gross profit to PKR1.41bn (US$10.61m) for the 1QFY18-19 ended 30 September. Its earnings similarly advanced 80 per cent to PKR801m. Net sales increased 11 per cent to PKR5.34bn, on the back of improved prices during the period, according to a statement to the stock exchange. The improvements in profit have been attributed to a controlled cost structure following the commencement of operation of its second line after hav... |
Titan Cement moves to Brussels listing23 October 2018, Published under Cement NewsTitan Cement International SA has submitted a voluntary tender offer for the exchange of all ordinary and preference shares issued by Titan Cement Co with new share of Titan Cement International SA to facilitate the listing of the Titan Group in the Euronext Brussels stock exchange, one of the largest EU stock exchanges, according to a company statement. However, the cement producer will maintain a parallel listing on the Athens Exchange and Euronext Paris. The step will support its indepe... |