Cement News tagged under: corporate
Dandot Cement Company reports a loss for FY201707 November 2017, Published under Cement NewsDandot Cement Company Ltd has announced its financial results for FY2017. The Pakistan-based company reported a loss of PKR527m (US$4.9m) compared to the loss of PKR280m in the previous financial year. The net sales of the company fell in the same period, decreasing from PKR2.98bn of FY2016 to PKR2.49bn for FY2017. The cost of distribution increased from PKR18m to PKR24m. |
Cementarnica Usje sees 10% net profit fall in 9M1706 November 2017, Published under Cement NewsTitan-owned Cementarnica Usje of Macedonia reported a net profit fall of 10 per cent YoY to MKD865.9m (US$16.4m) in the first nine months of 2017. The company’s operating revenue rose three per cent YoY to MKD3.44bn, said the cement producer in a bourse filing. Operating expenses increased eight per cent to MKD2.46bn when compared with the year-ago period. Usje’s financial revenue rose by 14 per cent YoY to MKD19.1m, while financial expenses were MKD8.5m, up from MKD1.5m a year earlie... |
Sonangol denies oil supply suspension at Kwanza Sul06 November 2017, Published under Cement NewsSonangol, Angola’s national fuel company, denied Friday that it had suspended oil supplies at the Fabrica de Cimento do Kwanza Sul (FCKS). According to Sonangol, what is happening specifically with the FCKS is that the company does not have its own storage facilities to receive and do fuel oil distribution logistics. This situation "threatens the arrival of fuel in the area of the plant, jeopardising the entire production process, including the production of clinker, cement raw materia... |
Martin Marietta 3Q17 results see cement shipments down 9.7%03 November 2017, Published under Cement NewsMartin Marietta's 3Q17 total revenues for the building materials business, which includes the aggregates, cement, ready-mixed concrete and asphalt and paving product lines, were US$1.024bn, down slightly from US$1.039bn. The cement product line generated pricing growth of 3.9 per cent, driven by ongoing construction activity in the Dallas/Fort Worth area. Ready-mixed concrete and asphalt pricing increased 4.9 per cent and 11.8 per cent, respectively. Average selling prices improved acro... |
Ramco reports 2Q17 net profit of US$26m03 November 2017, Published under Cement NewsRamco Cements has reported a drop in net profit during the 2Q17-18, due to tough local market conditions in Tamil Nadu and increasing operating costs driven by increasing power, fuel and transportation costs. The company reported a net profit of INR168.520 (US$26m) on a total revenue of INR10.73bn. Transportation and handling costs increased to INR2107m. Power and fuel costs increased to INR1725.4m while finance costs were down at INR172.7m. During the quarter, the company sold 2.15Mt, inc... |
Orient Cement reports 2Q17 net profit of US$1.57m03 November 2017, Published under Cement NewsOrient Cement (CK Birla group) reported a net profit of INR101.5m (US$1.57m) in the second quarter ended 30 September. The company had reported a net loss of INR293.9m in the year-ago quarter, Orient Cement said in a BSE filing. Revenue from operations was at INR5230.7m during the quarter under review as against INR4449.3m in the same period last fiscal. Total expenses during the second quarter were at INR5139.3m as compared to INR4957.8m in the corresponding period last fiscal, t... |
Beumer appoint new director of customer support03 November 2017, Published under Cement NewsBeumer has appointed Guido Hesse, 50, as its new Director of Customer Support at the Beumer Group headquarters in Beckum, Germany. Mr Hesse controls and coordinates the global centre of competence and defines, together with his team, the technical and organisational principles of services and support for the Beumer products. "We see our task not only in preventing malfunctions and machine breakdowns, which would lead to long downtimes," says Hesse. "No matter what industry, our customers ha... |
MonCement Building Materials received EBRD Award03 November 2017, Published under Cement NewsMonCement Building Materials LLC that has been awarded with The European Bank for Reconstruction and Development's ( EBRD) Environment & Social Best Practice Award, having introuduced the latest European eco-technology to its plant. "The MonCement plant consists of limestone open pit, two cement production lines, Mongolia’s first-ever waste heat recovery plant (WHR) which is capable of producing 5MB energy with waste heat, and clinker grinding station in Ulaanbaatar city," said Mr Jo... |
Titan Group announces 9M17 net profits of EU33.1m02 November 2017, Published under Cement NewsTitan Group recorded a small increase in sales and operating profitability in the nine months of 2017, mostly thanks to the growth in the US market. Consolidated turnover reached EUR1144.5m, posting a 1.8 per cent increase compared to the same period in 2016. EBITDA increased by 4.6 per cent to EUR214.5m. Net profit, after minority interests and the provision for taxes, stood at EUR33.1m versus EUR121.9m in the nine months of 2016. Third quarter results in 2017 reflected two exceptional e... |
Semen Indonesia sales volumes up 6% in September02 November 2017, Published under Cement NewsSemen Indonesia consolidated sales increased by 6.3 per cent YoY to 2,639,187t in September 2017. Volumes were primarily destined for the domestic market, which received 2,513,297t, an increase of 3.7 per cent when compared with the year-ago period. In addition, the cement producer saw its export sales more than double from 60,499t in September 2016 to 125,890t in September 2017. Of total domestic sales, Semen Padang accounted for 631,158t, Semen Tonasa 501,997t and Semen Indonesia 1,380,... |