Cement News tagged under: corporate
Lafarge Malaysia reports 3% fall in revenue for 1Q1824 May 2018, Published under Cement NewsLafarge Malaysia Bhd has announced that its net loss widened in the 1Q18 period, increasing to MYR68.73m (US$17.27m) from MYR48.93m of the previous year. Furthermore, revenue fell 2.7 per cent to MYR546.83m (1Q17: MYR561.85m). The results have been attributed to weak demand and a competitive market, according to a statement by the company. "Lower operating profit from the cement segment is due to weak demand, coupled with a more competitive environment. The situation was further exacerbat... |
DG Khan Cement completes new 9000tpd Hub line23 May 2018, Published under Cement NewsDG Khan Cement Co Ltd (DGKC), informed the Pakistan Stock Exchange that it has completed the installation of country's largest cement plant of 9000tpd at Hub, Baluchistan province, near Karachi. DGKC's Company Secretary, Khalid Mahmood Chohan told Cemnet that this greenfield project was set up at a cost of over PKR40bn (US$345.3m) and has installed the latest European technology. A notification of the company says, "The largest vertical cement grinding mill with Cope drive has started ... |
Vicem announces 7% sales increase23 May 2018, Published under Cement NewsVietnam’s leading cement producer, Vicem, has announced a 6.7 per cent YoY increase in sales of clinker and cement to 9.2Mt for the first four months of 2018, according to Vietnam News. In the same period, the company’s clinker and cement output also increased five and 1.5 per cent to 6.49Mt and 7.24Mt, respectively. Vicem aims to produce 1.8Mt of clinker and 2.5Mt of cement in May alone, while its cement and clinker sales are expected to reach 2.7Mt in the month. Outlook for 2018 In... |
Semen Indonesia sees 9% rise in 4M18 group sales22 May 2018, Published under Cement NewsSemen Indonesia's export sales more than doubled in April to 279,945t from 118,401t in April 2017. Meanwhile, the company’s domestic cement sales remained largely stable in April at 2,116,468t. The group’s Vietnamese subsidiary, Than Long Cement JSC (TLCC), increased its sales by 3.1 per cent to 179,050t in April from 173,725t a year ago, while its exports advanced to 91,149t from 43,900t in April 2017. Total group sales in April 2018 rose by 8.7 per cent to 2,664,722t, up from 2,452,4... |
UltraTech set to acquire Century Textiles' cement business21 May 2018, Published under Cement NewsUltraTech has announced plans to acquire the cement sector of Century Textiles through a share swap deal, which will further strengthen its presence in the eastern and central markets of India. The deal is expected to be completed within 6-9 months following regulatory approval and will increase the efficiency of the company. "The operations will be bolstered by economies of scale arising out of synergies in procurement and logistics costs; creation of efficiencies by reducing time to mar... |
UltraTech Cement secures Madhya Pradesh limestone reserves21 May 2018, Published under Cement NewsAditya Birla group firm UltraTech Cement said it has acquired the Deora-Sitapuri-Udipyapura limestone mining block in Madhya Pradesh (MP). UltraTech Cement said the land is in close proximity to its existing limestone mines of the company's recently-commissioned unit Dhar Cement plant. The company has won the Deora-Sitapuri-Udipyapura limestone mining site in the State of Madhya Pradesh, UltraTech Cement said in a Bombay Stock Exchange filing. "This mining block is spread over 344.783ha of... |
Martin Brydon to step down as CEO of Adelaide Brighton21 May 2018, Published under Cement NewsMartin Brydon, CEO of Adelaide Brighton, has announced plans to retire later this year after four years in the position. Mr Brydon will stay with the company until a new chief executive is found, according to a statement made to the ASX. "It’s time and I’m very comfortable with my decision to move to retirement phase, which will be over a period of time – could be six months depending on how the search goes," said Mr Brydon. The formal search process to fill the position will begin immed... |
Holcim Philippines considers capacity increase18 May 2018, Published under Cement NewsHolcim Philippines Inc has earmarked PHP2.4bn (US$45.86m) for capital outlays this year, with projects to further increase capacity being considered, according to the Philippine Daily Inquirer. The company will prioritise operational improvements, tighter cost management and new building solutions to benefit from and support the strengthening construction activity in the country, said John Stull, president and CEO of Holcim Philippines. "Last year, we started projects to raise cement pr... |
Guinée Industries Ciment to double capacity18 May 2018, Published under Cement NewsGuinée Industries Ciments will double its production capacity to 1.4Mta from July 2018, according to Africaguinee. Located near the capital Conakry, the company’s Kagbele plant currently has a production capacity of 0.7Mta. Guinée Industries Ciments is a joint venture between Bulkgroup Lebanon and local investors. |
Eagle Materials records positive FY1817 May 2018, Published under Cement NewsEagle Materials has reported its FY18 and 4QFY18 results, which reflect an all-round positive performance. In the 2018 fiscal year, revenue increased 14 per cent YoY to US$1.4bn and its after-tax margin finished at 19 per cent. The company saw a two per cent rise in revenue for the final quarter of FY18, resulting in a record amount of US$284.7m. This comes despite a US$6m pretax charge related to the settlement by American Gypsum of the antitrust lawsuit brought by a group of homebuilde... |