Cement News tagged under: corporate
CRH announces revenue increase in 1H1823 August 2018, Published under Cement NewsCRH has reported its results for the half-year period ended 30 June 2018, announcing a slight increase in revenue of one per cent YoY to EUR11.9bn (US$13.76bn). Similarly, overall EBITDA rose one per cent to EUR1.13bn, while the EBITDA margin remained consistent at 9.5 per cent. Profit after tax reached EUR378bn, advancing nine per cent from EUR346bn in the year-ago period. The company has recorded divestments of EUR2.9bn and acquisitions of EUR3.4bn in the first six months of the year, whi... |
Chairman of Semapa dies23 August 2018, Published under Cement NewsPortuguese billionaire Pedro Queiroz Pereira, whose holding company Semapa controls paper and pulp producer The Navigator Company and cement maker Secil, died on Saturday aged 69, an official spokesman said. Queiroz Pereira was chairman of Semapa and The Navigator Company. Both of these publicly traded companies have separate chief executive officers. His family holds 71 per cent of Semapa. He is survived by his daughters Filipa, Mafalda and Lua. The former race car driver was Portugal’s f... |
Dongwu Cement records 60% revenue increase in 1H1823 August 2018, Published under Cement NewsChina-based Dongwu Cement International Ltd has reported a 60.4 per cent YoY increase in revenue to CNY219.49m (US$31.9m) for the six-month period ended 30 June 2018. Total profit for the period surged to CNY28,593m, compared with CNY7726m in the year-ago period. The cement sector recorded a considerable increase in sales volume, operating income and gross profit as a result of the steady demand and rising prices in the country, according to the company's unaudited financial report. In t... |
CEM-blanc is launched by Chryso subsidiary in South Africa23 August 2018, Published under Cement Newsa.b.e. Construction Chemicals has launched 'abe CEM-blanc', a new economical white cement which is being made available to the South African retail market. Elrene Smuts, communications manager for the Chryso Group, says abe CEM-blanc is a general-purpose white Portland cement that provides superior early-strength with added aesthetic and decorative opportunities offered by its colour tone, high strength and durability. Smuts says a.b.e.'s new imported product is compatible with a wide ra... |
UltraTech receives approval to acquire cement business22 August 2018, Published under Cement NewsUltraTech has announced that it received approval from the Competition Commission of India (CCI) to acquire the cement business of Century Textiles and Industries. UltraTech is expected to acquire the cement business through a share swap deal to consolidate its position as a market leader. Century Textiles has three integrated facilities with a total capacity of 11.4Mta and a 2Mta grinding unit. |
Adelaide Brighton records net profit increase in 1H1822 August 2018, Published under Cement NewsAustralia's Adelaide Brighton has posted a 17.7 per cent YoY increase in net profit to AUD84.5m (US$62m) in the 1H18. Revenue saw a rise of 11.7 per cent to AUD807.2m, on the back of strong markets in New South Wales, Queensland and Victoria. "It's really pleasing to deliver record half-year financial results and dividends for our shareholders. Revenue, EBIT, net profit, cash flow and dividends were all first-half records," said Martin Brydon, CEO, Adelaide Brighton. The company expect... |
Lukavac Cement reports 11% net profit decrease in 1H1822 August 2018, Published under Cement NewsBosnia and Herzegovina's Lukavac Cement has reported a 11.1 per cent YoY fall in its 1H18 net profit, decreasing to BAM3.2m (US$1.9m) from BAM3.6m. Operating income dropped 2.7 per cent to BAM27.9m in the first half of the year, while operating costs decreased 3.4 per cent to BAM24.2m. |
Ecebol expected to meet 25-30% of Bolivian demand22 August 2018, Published under Cement NewsEmpresa Pública Productiva Cementos de Bolivia (Ecebol) is expected to meet 25-30 per cent of the country's cement demand from production at its Oruro and Potosi facilities once operational. The producer has been forecasted to sell 3m bags of cement during the 1H19 period, according to Esmerk. Ecebol is expected to launch on the market once the Oruro plant begins operations, with tests at the facility due to start at the end of this month. In 2019 production at the facility is likely to re... |
New dry port to repurpose Himal Cement land22 August 2018, Published under Cement NewsPart of the land formerly occupied by the now closed Himal Cement plant in Nepal has been purchased as part of a new government development to build a dry port in Chobhar. A government agency called the Nepal Intermodal Transport Development Board (NITDB) has awarded contracts for the new US$22m development that will be completed by the end of January 2020. The government acquired 53ha of land belonging to the closed Himal Cement and 10ha of unoccupied land for the project. The develop... |
Pakistan cement production surges by 11.14% in FY1822 August 2018, Published under Cement NewsPakistan Federal Bureau of Statistics (FBS) has released data of the country's Large Scale Manufacturing Sector (LSMS) for the financial year 2018 (July-June). It shows yearly average growth of 5.04 per cent in all kinds of manufacturing including cement. According to the FBS, Pakistan's cement industry saw growth of 11.14 per cent during July-June 2018, as production increased from 37Mt to 41.14Mt on the back of local demand. However, in June 2018 alone, cement production fell by 0.4... |