Cement News tagged under: corporate
ACC announces 11% YoY revenue increase in 2Q1824 July 2018, Published under Cement NewsIndia’s ACC Ltd has announced an 11 per cent YoY rise in revenue to INR38.48bn (US$557.85m) in the 2Q18, while EBITDA advanced 10 per cent to INR5.4bn. Profit remained largely flat, however, showing growth of one per cent to INR3.26bn. Cement volumes increased 7.4 per cent to 7.2Mt in the period, with a positive outlook for demand forecast for the rest of 2018. "The economic upswing in 2018 supported by buoyant consumption, a normal monsoon and uptick in rural demand is expected to bene... |
Qatar Cement records 6% profit decline in 2Q1824 July 2018, Published under Cement NewsQatar National Cement recorded a six per cent YoY fall in net profit to QAR78.26m (US$21.5m) in the 2Q18, compared with QAR83.25m of the year-ago period. In the 1H18 period the company’s profit remained mostly flat YoY, reaching QAR168.52m from QAR168.09m. However, revenue showed a significant decline of 21.9 per cent to QAR434.55m from QAR556.75m. |
Anhui Conch reports positive profit expectations24 July 2018, Published under Cement NewsThe Board of Anhui Conch has announced it expects to record a YoY increase of CNY5373-6717m (US$788.3-985.4m) in its net profit attributable to equity holders for the six months ended 30 June 2018, prepared in line with PRC accounting standards). In 1H17 the company’s unaudited net profit attributable to equity holders reached CNY6717m while the net profit after extraordinary items attributable to equity shareholders reached CNY5123m. The company attributes the rise mainly to the signifi... |
Dangote Cement 1H18 revenues of NGN482.4bn23 July 2018, Published under Cement NewsDangote Cement Group reported 1H18 unaudited revenues of NGN482.4bn (US$1.33bn), up 16.9 per cent and group EBITDA up 20.8 per cent at NGN246bn. Joe Makoju, group CEO, commented on the company's 1H18 results: "Our first-half performance was very strong and driven by an excellent recovery in Nigeria, where our sales volumes increased by nearly 14 per cent and revenues rose by more than 18 per cent. Pan-African operations saw a slight fall in volumes but both revenues and EBITDA increased b... |
Cementos Pacasmayo sees 10% rise in 2Q18 net income23 July 2018, Published under Cement NewsPeru’s Cementos Pacasmayo saw its revenues rise 2.3 per cent YoY to PEN287.5m (US$87.8m) in 2Q18 as sales volumes of cement, concrete and precasts advanced 1.9 per cent YoY to 0.534Mt on the back of higher sales to medium-sized companies and the public sector. Consolidated EBITDA reached PEN84.7m, up 9.7 per cent YoY in 2Q18 while the cement EBITDA margin increased by 2.5 percentage points to 30.3 per cent, mainly due to improved operational efficiencies. Net income increased 10.3 per... |
Orient Cement plans Telangana expansion23 July 2018, Published under Cement NewsIndia’s Orient Cement Ltd has received the first stage of environmental clearance for its INR20bn (US$291m) project to expand its Telangana facility. Construction to increase capacity from 3.05Mta to 7.5Mta is expected to commence within four months, once it has received the final clearance from the Ministry of Environment, Forest and Climate Change (MoEF). Deepak Khetrapal, managing director of Orient Cement, has requested the state’s minister for IT and industries to consider the provis... |
Soboce well prepared for upturn Bolivian market23 July 2018, Published under Cement NewsThe Bolivian cement market remains dynamic and will receive a boost from the announcement that GDP will rise by 4.7 per cent, said Juan Mario Ríos, general manager, and Claudio Rodríguez, chairman of the board of Soboce. However, the company notes that while the competition in the market has intensified, it considers to be in a good position due to the US$85m investment made in new grinding systems and an expansion that lifts capacity from 1.6Mta to 2.9Mta. Since 2015 Grupo Gloria has... |
Tarmac sets up more flexible distribution model23 July 2018, Published under Cement NewsTarmac (CRH group) is to restructure the distribution model for its Cement and Lime division in the UK. A comprehensive strategic review will result in a more flexible regional model for both bulk and packed cement distribution, which have previously operated on a national basis. Tarmac's own fleet operations will handle around 50 per cent of bulk cement and 20 per cent of packed cement distribution, supported by six regional distribution providers selected through a rigorous procurement p... |
HeidelbergCement to close kiln at Rustavi, Georgia23 July 2018, Published under Cement NewsHeidelbergCement will be closing its Rustavi kiln as well as curtailing its production at the Dedoplitskaro limestone quarry, reports the Georgian Cement Association. The association attributes the closure on competition from Iran, which it says is dumping cement onto Georgian market. |
JSW Cement to construct 1Mta facility in UAE20 July 2018, Published under Cement NewsIndia’s JSW Cement has announced plans to invest US$150m to construct a 1Mta clinker unit and captive power plant in Fujairah, UAE. The project is part of the company’s target to reach a capacity of 20Mta by 2020 and will be conducted through its wholly-owned subsidiary, JSW Cement FZE. "Our plans to establish this clinker unit reaffirms JSW Group’s commitment to stay invested in Fujairah. JSW Group has long-standing business relationships in UAE and specifically in Fujairah through our in... |