Cement News tagged under: corporate
Cemex is working 24/7 to meet Philippine cement demand30 July 2018, Published under Cement NewsCemex president and CEO, Ignacio "Nacho" Mijares, says Cemex's cement plants in plants in Antipolo and Cebu are having to work 24/7, in maximum capacity, to meet the market demand in the Philippines. The government’s PHP8trn (US$150.3bn) infrastructure programme is sending cement demand upward. "We recently were able to 'debottleneck' our dispatch which allows us to increase to half a million tons, the amount we can provide to the market. Going forward we will continue looking for the deb... |
Nigeria’s CCNN sees profit after tax more than double30 July 2018, Published under Cement NewsThe Cement Co of Northern Nigeria (CCNN) reported a revenue of NGN19.588bn (US$54.2m) in 2017, representing a 31.6 per cent rise when compared with revenues of NGN14.088bn of the previous year. CEO of the BUA Group, CCNN’s parent company, Abdul Samad Rabiu, attributed the rise to improved cement prices and efficient cost management. Gross profit in 2017 reached NGN7.605bn, nearly double the NGN3.936bn recorded in 2016. Profit after tax increased from NGN1.254bn in 2016 to 3.224bn one ... |
Zambia starts work on new 1Mta cement plant30 July 2018, Published under Cement NewsZambia's President, Edgar Lungu, has officially launched China National Building Materials' (CNBM) cement plant in Chongew Mapande Industrial Park, Zambia. The project will be undertaken in two phases, creating over 400 direct jobs and a further 2500 jobs for Zambians once fully operational. "The first phase which is being commissioned today has a total investment of US$200m and consists of 1Mt cement production line per year, a 60m pan brick production line, a 200,000Mm 3 of pr... |
Namibia’s Whale Rock cement plant commissioning in October30 July 2018, Published under Cement NewsNamibia’s Whale Rock cement plant, built with Chinese investment, is expected to fully commission at the end of October, according to company spokesman Manfred Uxamb. The plant represents an investment of US$350m and is expected to produce 1.2Mta of Cheetah-branded cement. Production at the plant started in April . "Whale Rock Cement has already started with cement production in April and has entered the market in May 2018," Mr Uxamb said. "Our plant is built for a global market fr... |
Bamburi Cement launches new rapid concrete solution30 July 2018, Published under Cement NewsBamburi Cement has launched a ready-mix concrete that will speed up construction time by enabling continuous concrete pour in projects of more than 2000t in under 48h. Pours of this volume usually take almost a month using traditional methods. The new product, Poweraft, is designed for the construction of foundations for skyscrapers, bridge piers and generally all applications requiring mass delivery of fresh concrete. Bamburi Cement’s Managing Director, Seddiq Hassani, said that Powera... |
Martin Marietta's cement revenues rise 14% in 2Q1827 July 2018, Published under Cement NewsMartin Marietta's 2Q18 cement product revenues increased 14.4 per cent and gross profit by 40.6 per cent. Shipments and pricing improved 11.6 and 2.6 per cent, respectively, reflecting the strong underlying market conditions throughout Texas. These factors, coupled with increased production efficiencies, led to a product gross margin of 36.5 per cent, reported Martin Marietta. Inclusive of acquired operations, aggregates product revenues increased 15.1 per cent for the quarter, refle... |
Holcim Philippines records 25% fall in net profit27 July 2018, Published under Cement NewsHolcim Philippines recorded a 25 per cent YoY drop in net profit to PHP1.6bn (US$30m) for the 1H18 period, with the results attributed to competition and higher operating costs. However, net sales increased eight per cent to PHP18.8bn on the back of an increase in sales volumes of cement and aggregates. In the 2Q18 net sales advanced 18.5 per cent YoY to PHP10.1bn. "Our second quarter performance showed encouraging trends which translated into significant sales growth on the back of stro... |
LafargeHolcim's 2Q18 revenues rise by 6.2%27 July 2018, Published under Cement NewsLafargeHolcim's revenue grew 6.2 per cent in the 2Q18, with total net sales of CHF7442m (US$7468m). For the first six months net sales grew 4.8 per cent on a like-for-like basis. Over the first six months, recurring EBITDA was down -1.4 per cent on a like-for-like basis but earnings increased in the second quarter, with recurring EBITDA up by 1.5 per cent, largely offsetting a soft first quarter. Jan Jenisch, CEO of LafargeHolcim, said: "I am very satisfied with the sales growth we ... |
Cementir's 1H18 cement and clinker sales fall to 4.9Mt27 July 2018, Published under Cement NewsCementir Holding's sales volumes of cement and clinker in 1H18, equal to 4.9Mt, were essentially unchanged compared to the 1H17, despite the change in the scope of consolidation. On a like-for-like basis, sales of cement and clinker dropped (-3.8 per cent) due to the worse performance of Egypt and Turkey, which suffered slowdowns in the second quarter because of June elections and Ramadan. EBITDA was EUR96m, up 9.5 per cent on EUR87.7m in the 1H17. Sales volumes of ready-mixed concrete, 2.... |
Cemex's net sales rise by 7% in 2Q1827 July 2018, Published under Cement NewsCemex's net sales increased by seven per cent during the 2Q18 to US$3.8bn versus 2Q17. Operating EBITDA increaed by four per cent during 2Q18 to US$714m versus 2Q17. Cemex's CEO, Fernando A Gonzalez, said: "We are encouraged by the very favourable dynamics we saw in most of our portfolio during the quarter, with improvements in pricing which should translate into higher profitability during the second half of the year. Our operations in the US and Europe indicate a strong sequential growth ... |