Cement News tagged under: corporate
Lucky Cement to establish 1.2Mta Samawah grinding plant27 April 2018, Published under Cement NewsLucky Cement Ltd of Pakistan is planning to set up greenfield clinker production facility in southeast of Baghdad, Iraq, according to Irfan Chawala, the ompany's CFO in information sent to Pakistan Stock Exchange (PSX). Lucky Cement plans to set up a 1.2Mta clinker line in Samawah as a step to becoming self-sufficient in terms of clinker production in the country.The US$109m project will be carried out as a joint venture with an existing local partner and is subject to all regulatory and s... |
Cementos Bío Bío launches 2021 strategic plan27 April 2018, Published under Cement NewsAs cement demand in Chile remains muted and the cement industry is restructuring its operations, Cementos Bío Bío is launching its “Transforma 2021” strategic programme. The plan is to develop improved commercial, operational and innovation capabilities and enable the company to maintain its status as a key player. “This transformation that we carry out challenges the traditional model for one that manages to turn the company into a company of the future that sustainably faces the current... |
UltraTech Cement records revenue increase in 4QFY1826 April 2018, Published under Cement NewsIndia’s UltraTech Cement has reported a 29 per cent YoY fall in its standalone profit for the 4QFY18 period, to INR4.88bn (US$73.05m) from INR6.88bn. The decline has been partly attributed to a stamp duty of INR2.26bn and deferred tax of INR410m due to a change in tax rates. Standalone revenue rose 36.5 per cent to INR90.02bn for the period, according to Money Control. EBITDA grew 33.2 per cent to INR17.03bn from INR13.56bn, while the EBITDA margin contracted to 18.9 per cent from 19.3 pe... |
CRH 1Q18 underlying sales slip 2%26 April 2018, Published under Cement NewsA GBP16.5m (EUR19m) deal was concluded with CRH in the early part of 2018, whereby Breedon acquired four quarries and an asphalt plant in Britain in exchange for 27 ready-mixed batching plants and GBP4.9m (EUR5.6m) in cash. CRH's underlying sales in the 1Q18 declined by around two per cent, with European turnover also being off by two per cent. The Americas turnover slipped three per cent while in The Philippines there was a five per cent decline. Group EBITDA in 1H18 are expected to be s... |
Cherat Cement reports 15% net profit increase26 April 2018, Published under Cement NewsPakistan’s Cherat Cement Co Ltd has announced its 9MFY18 results, reporting a 14.6 per cent YoY increase in net profit to PKR1.79bn (US$15.49m). Net sales increased 66 per cent to PKR11.14bn, compared with PKR6.71 of the year-ago period. However, the company’s distribution cost increased by 18.6 per cent to PKR248m, according to its statement to the Pakistan Stock Exchange. The company has a cement production capacity of 2.42Mta from its facility in Nowshera. |
Maple Leaf announces 6% increase in net sales26 April 2018, Published under Cement NewsPakistan’s leading cement manufacturer, Maple Leaf Cement Factory, has announced its 9MFY18 results. The company’s net profit fell 14.7 per cent YoY, to PKR3.37bn (US$29.13m) from PKR3.95bn. Net sales increased 5.9 per cent to PKR19.3bn during the period, mainly due to 20.2 per cent quantitative growth in local sales. Local dispatches rose 20.1 per cent to 2.642Mt (9MFY17: 2.199Mt), while export sales volumes declined 38.7 per cent to 221,185t. No dividend was announced by the company... |
Breedon to find remedies with CMA to conclude Tarmac quarry deals26 April 2018, Published under Cement NewsBreedon Group Plc's proposed phase 1 acquisition of certain assets from Tarmac, in exchange for a number of ready-mixed concrete plants and a cash payment, as announced on 13 December 2017 has been reviewed by the Competition and Markets Authority (CMA). The CMA has cleared Breedon's acquisition of four quarries from Tarmac but has concluded that there is a realistic prospect of a substantial lessening of competition in three local areas in England and Wales in relation to the supply of r... |
GCC quintuples consolidated net income in 1Q1825 April 2018, Published under Cement NewsGrupo Cementos Chihuahua (GCC) reported a 13.6 per cent YoY rise in net sales to US$188.7m in 1Q18. The Mexico-based cement producer saw its EBITDA rise by 40.6 per cent to US$45.9m during the first quarter and improved its EBITDA margin from 19.6 per cent in 1Q17 to 24.3 per cent in 1Q18. Consolidated net income more than quintupled YoY to US$11.3m from US$1.7m in 1Q17. An 18 per cent rise in Mexican sales and an 11.9 per cent increase in US sales were key drivers to the improved results. ... |
Dangote Cement Group's revenue up 16% in 1Q1825 April 2018, Published under Cement NewsDangote Cement group released its 1Q18 results and reported revenue up 16.3 per cent to NGN242.1bn (US$672m). This gives Dangote a market share of approximately 66 per cent. Group EBITDA rose by 22.2 per cent to NGN 125.9bn, while Pan-African EBITDA increased by 77.3 per cent to NGN13.1bn. In the domestic market of Nigeria, Dangote sold 3.7Mt of cement in the 1Q18, up 5.3 per cent on 1Q17 after slightly lower sales in January and February. Of Nigeria’s total 1Q18 sales, nearly 211,000t was... |
Shree Digvijay Cement posts 63% rise in sales25 April 2018, Published under Cement NewsIndia-based Shree Digvijay Cement has announced a 63.1 per cent YoY rise in sales in the fourth quarter, ended March 2018. EBITDA increased 41.5 per cent to INR189m (US$2.83m), while EBITDA margin fell 2.3 per cent. Total income surged 255.6 per cent to INR92m, compared to INR36m of the December 2017 quarter. While it has been posting positive results recently, the company had accumulated losses of approximately INR468m up to FY17, reports Money Control. In March 2018, Shree Digvijay ... |