Cement News tagged under: corporate
Breedon enters agreement to acquire Lagan Group (Holdings) Ltd17 April 2018, Published under Cement NewsBreedon Group Plc has entered into a conditional agreement to acquire Lagan Group (Holdings) Ltd (Lagan), a leading Belfast-based construction materials business, for a cash consideration of GBP455m on a cash- and debt-free basis. The consideration will be financed by a combination of a new GBP150m term loan, a new GBP350m revolving credit facility which replaces Breedon's existing GBP300m revolving facility and a GBP170m equity placing. "We are delighted to have completed our largest a... |
Attock Cement Pakistan profit falls in 3QFY 1817 April 2018, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) 3QFY18 financial results saw a decline in net profit to PKR674m (US$5.8m) from PKR860m (US$7.41m), earned in same quarter last year. This represents a profit fall by 22 per cent YoY. Its net sales increased to PKR4.57bn from PKR4.01bn during this period. The company incurred a distribution cost of PKR271m against PKR219m in 3QFY17. The administrative expenses stood at PKR135m compared to PKR128m in 3QFY17. Finance cost increased to PKR74m during 3QFY18... |
Tajikistan records 84% increase in cement production17 April 2018, Published under Cement NewsTajikistan has recorded an 83.5 per cent YoY increase in cement production in the first quarter of this year, rising to 782,400t from 426,400t. The production of cement in 2018 is expected to improve upon the previous year due to new infrastructure projects, increasing exports, and planned residential housing construction, according to Business World. The country’s main export markets are Uzbekistan and Afghanistan. In the 1Q18, exports to Uzbekistan reached 172,000t, while dispatches to A... |
Yamama Cement announces 53% profit fall in the 1Q1817 April 2018, Published under Cement NewsSaudi Arabia-based Yamama Cement Co has announced a 53 per cent YoY fall in profit to SAR23.8m (US$6.35m) in the 1Q18. The producer attributed the decrease in profit to a drop in demand and a decline in other revenues, according to its statement to the Saudi Stock Exchange. However, Yamama Cement’s profit was a 40.7 per cent increase upon the result of the previous quarter. |
East Africa Portland Cement Co suffers operational issues16 April 2018, Published under Cement NewsEast African Portland Cement Company (EAPCC) has experienced operational challenges over the last two months, according to The East African. Amongst the issues faced by the company was a production halt, salary delay and a low supply of cement stock. This follows its net loss widening by almost four times to US$9.6m in the 2H17, as a result of low revenues. The results for the full-year period ending June 2017 saw a loss of US$14.71m, compared to a US$41.45m profit in the year-ago period.... |
Dyckerhoff Cement Ukraine posts UAH316m loss in 201716 April 2018, Published under Cement NewsPJSC Dyckerhoff Cement Ukraine reported a net loss of UAH316m (US$12.01m) in 2017, according to Interfax. Compared with 2016, the uncovered loss reached UAH1.34bn, which represents a 53 per cent increase YoY. Total debtor indebtedness rose by 14 per cent YoY to UAH106.7m, long-term liabilities by 11 per cent to UAH1.8bn, current liabilities more than halved, to UAH407m. However, the company also increased its assets by 15 per cent to UAH2.3bn. Dyckerhoff Cement Ukraine was founded in 1... |
Raysut Cement records 8% increase in revenue13 April 2018, Published under Cement NewsOman’s Raysut Cement Co has announced a 8.2 per cent YoY increase in revenue for the first quarter of the financial year, to OMR21m (US$54.62m) from OMR19.4m. However, total profit attributable to shareholders has fallen 85 per cent to OMR450,149, compared to OMR3.1m of the year-ago period. While sales volumes increased approximately 32 per cent during the period, a lower sales realisation adversely affected gross profit, according to Reuters. |
East African Portland Cement Co to build inland container depot13 April 2018, Published under Cement NewsEast African Portland Cement Co wants to establish an inland container depot in Athi River to deliver imported raw materials to its plant via the standard-gauge railway. Managing Director. Simon Peter Ole Nkeri. said the move could ease costs of finished products and make Kenya-made goods affordable in east Africa and competitive on the global stage. "We heavily rely on imported raw materials like clinker for the manufacture of cement. We are engaging the government on this issue and ar... |
Vicem Hoang Mai Cement receives approval to construct plant12 April 2018, Published under Cement NewsDespite issuing a request to relocate last year, authorities of Vietnam’s Nghe An province have now granted approval for Vicem Hoang Mai Cement JSC to develop its Hoang Mai 2 facility in the area, according to Viet Nam News. Therefore, the company will construct the plant in the originally intended location of Hoang Mai 2 industrial park, Quynh Vinh commune. Once fully operational, the plant will have a 0.92Mta clinker capacity and a capability to produce 1.15Mta of cement. |
Coal delay sends NOCIBE cement price high12 April 2018, Published under Cement NewsThe ex-works price of cement leaving the Adja-Ouèrè plant of Nouvelle Cimenterie du Bénin (NOCIBE) has jumped from XOF61,880/t (US$116.69/t) to XOF73.780/t, according to Agence Benin Presse. The organisation has attributed the spike to a key coal cargo being held up in the port of Cotonou. The coal is due to be transported to the NOCIBE plant for use in clinker production. |