Cement News tagged under: corporate
Bangladesh plans dry-process conversion at Chhatak03 April 2018, Published under Cement NewsBangladesh Chemical Industries Corporation (BCIC), owned by the Bangladeshi Ministry of Industries, is still looking for an engineering and construction contractor to convert the Chhatak cement plant into a dry-process plant in northeast Bangladesh. To allow more time for international companies to submit their bids, BCIC has extended bid due date to 23 April 2018. The Chhatak factory was established in 1937 by Assam Bengal Cement Company at Chhatak Upazila in Sunamgonj district. Acco... |
LafargeHolcim Algeria completes third Gambia consigment03 April 2018, Published under Cement NewsLafargeHolcim Algeria carried out its third export shipment of grey cement to Gambia from the port of Arzew on 28 March, the company said. Following two earlier shipments in December 2017 and March 2018, some 30,000t of bulk grey cement was delivered from its Oggaz cement plant in Mascara to Gambia. LafargeHolcim Algeria aims to raise its exports to west Africa to 5Mt by 2020. The group has two cement plants in M'Sila and Oggaz (Mascara), a partnership with the Souakri Cilas Group at a... |
CMS records 4% increase in revenue for 201730 March 2018, Published under Cement NewsMalaysia-based Cahya Mata Sarawak Berhad (CMS) has released its results for the full-year 2017 period, recording a 4 per cent YoY increase in revenue to MYR1.61bn (US$415.67m) from MYR1.55bn. The group also announced a 26 per cent rise in profit after tax and non-controlling interests (PACNI), to MYR213.21m from MYR169.18m. The cement division was amongst the main contributors to the group's revenue, despite revenue of the divison falling 7.5 per cent YoY to MYR520.91m (2016: MYR563.07m). ... |
Annual VDMA Building Material Plants Day held in Frankfurt30 March 2018, Published under Cement NewsThe annual VDMA Building Material Plants Day highlights the efforts made by plant manufacturers who supply the cement industry and many others. "We anticipate that incoming orders will once again grow in the double-digit range this year," said Hermann Weckenmann, Chairman of the VDMA Building Material Plants Group. Mr Weckenmann noted the increase in demand anticipated from emerging countries and China, according to a press release. In particular, German building material plant manufactur... |
Buzzi Unicem Full Year 2017 results29 March 2018, Published under Cement NewsIn 2017 Buzzi Unicem group sold 26.8Mt of cement (+4.4 per cent compared to 2016) and 12.3Mm 3 of ready-mix concrete (+3 per cent YoY). Consolidated net sales increased by 5.1 per cent, from EUR2669.3m to EUR2806.2m. EBITDA decreased by 7.7 per cent from EUR550.6m to EUR508.2m. The foreign exchange effect was negative for EUR2m. The figure for the year under review includes non-recurring costs of EUR68.2m, of which EUR59.8m for antitrust sanctions inflicted to the Italian cement sector, ... |
Bamburi Cement reports 66% fall in net profit for 201729 March 2018, Published under Cement NewsBamburi Cement has recorded a 66 per cent YoY fall in its net profit for the full-year 2017 period, decreasing to KES1.97bn (US$19.51m) from KES5.8bn. The results have been attributed to lower sales in Kenya after the prolonged election cycle, tightened liquidity and delayed projects, according to All Africa. Similarly, operating profit dropped 50 per cent to KES4.1bn as a result of lower revenue and higher energy prices. Overall, group turnover slipped KES2bn YoY to finish at KES36bn. ... |
Unacem acquires seven Chilean concrete plants29 March 2018, Published under Cement NewsPeruvian cement producer Unacem has purchased, via its Unión de Concreteras (Unicon) subsidiary, a 100 per cent stake in Hormigones Independencia, part of the Chilean Hurtado Vicuña group. The US$22.2m transaction, paid for by own funds and a bank loan, covers seven concrete plants located throughout Chile, in La Serena, Rancagua, San Felipe, Concón, Quilicura, San Fernando y Chillán. The acquisition is the second by Unicon in less than a year. In July 2017, the company bought Ecuado... |
CRH issues new bonds29 March 2018, Published under Cement NewsCRH has issued US$1.5bn of bond debt at a lower cost than expected, reports the Irish Independent. In total, it consists of a 10-year US$900m bond and a 30-year US$600m bond. Both bonds were approximately 200 basis points below initial pricing indications which suggests the level of demand, according to Robert Gardiner, Davy Analyst. The funds are expected to be used to finance the acquisition of Ash Grove Cement, which was purchased last year. |
Titan's 2017 turnover remains stable at EUR1506m28 March 2018, Published under Cement NewsTitan's 2017 consolidated turnover remained stable, at EUR1505.8m, a marginal 0.2 per cent decline compared to 2016. EBITDA reached EUR273.4m, a 1.9 per cent decrease. Non-recurring events (staff redundancy programmes in Egypt and Greece and hurricane Irma in Florida) had a negative impact on EBITDA of about EUR1m, against EUR6.7m of such costs in 2016. Net profit after minorities and the provision for taxes was EUR42.7m, compared to EUR127.4m in 2016. Annual results strengthened on t... |
Ecebol's Oruro plant scheduled for dry testing by July28 March 2018, Published under Cement NewsEcebol's plant under construction in Caracollo, Bolivia, is expected to undergo testing in the middle of this year, according to Oruro Governor, Víctor Hugo Vásquez, who inspected the works on Tuesday. "With satisfaction we can say that the advance [of the works] is over 95 per cent, only five per cent is missing, which is likely to be concluded in May or June, because from June or July dry runs will start and in October the facility would start processing raw materials. This means that a... |