Cement News tagged under: corporate
LafargeHolcim's cement volumes increase by 4.7 per cent in 3Q1727 October 2017, Published under Cement NewsLafargeHolcim announced cement volumes were up 4.7 per cent in 3Q17 and 1.8 per cent for the year to date. Globally, cement prices improved by 5.6 per cent in the quarter compared to the prior year on a like-for-like basis. Operating EBITDA adjusted increased by 5.9 per cent in the quarter to CHF1.750bn (US$1.751bn) on a like-for-like basis and was 9.2 per cent higher for the year to date. Net income group share, at CHF1446m, was up 8.1 per cent year to date reflecting the increase in o... |
Cemex 3Q17 net sales total US$3.5bn27 October 2017, Published under Cement NewsCemex announced that its consolidated net sales reached US$3.5bn during the 3Q17, representing an increase of two per cent, or an increase of one per cent on a like-to-like basis, versus the comparable period in 2016. Operating EBITDA decreased by eight per cent during the quarter to US$702m versus the same period in 2016. Fernando A Gonzalez, Cemex Chief Executive Officer, said: "We are pleased with the double-digit, year-to-date growth in operating EBITDA in our two largest markets: Mex... |
LafargeHolcim in talks with PPC27 October 2017, Published under Cement NewsLafargeHolcim announced that it is in talks with the board of directors of PPC regarding a possible transaction in Africa. “No agreement with PPC has yet been reached and no assurance can be given at this stage that a transaction will materialise,” said the building materials producer in a brief statement. |
HK Stock Exchange may propose delisting China Shanshui Cement27 October 2017, Published under Cement NewsChina Shanshui Cement Group Ltd said the Hong Kong stock exchange would seek to delist the firm if it was not able to restore a minimum public float of 25 per cent of its issued share capital by the middle of next year. The cement producer has been embroiled in a bitter boardroom battle involving investors and executives, and has been suspended from trading in the past two-and-a-half years, according to Reuters. The stock exchange had warned the company that it would have until 30 ... |
Eagle Materials Inc 2Q fiscal 2017 cement volumes rise26 October 2017, Published under Cement NewsEagle Materials Inc reported that in its financial results for the 2Q fiscal 2017, ended 30 September 2017, cement volumes were up 12 per cent, including the Fairborn business, while the Texas Lehigh cement joint venture volumes were down six per cent. The company also benefitted from cement prices being up seven per cent overall. Second-quarter EBITDA increased five per cent, reflecting the financial results of the recently-acquired cement plant in Fairborn, Ohio, and related assets (the... |
Elementia sees 39% rise in 3Q EBITDA26 October 2017, Published under Cement NewsMexico-based Elementia reported EBITDA of MXN1.296bn (US$67.9m) in 3Q17, an increase of 38.9 per cent YoY. The company attributes the rise in earnings to higher sales and prices in its cement division. The company posted third-quarter revenues of MXN6.555bn, up 40 per cent when compared with the July-September 2016 period. Net income reached MXN340m, swinging the building materials firm back into the black after a loss of MXN47m in 3Q16. |
Eurocement Group to invest in Kaliningrad plant26 October 2017, Published under Cement NewsRussia’s Eurocement Group is reported to be considering investment in the construction of a new plant in the Danor industrial park, in the Guruyevsky district of the country’s Kaliningrad exclave, according to the Government of the Kaliningrad region. The new cement works is expected to reduce the region’s dependence on cement trucked in from other parts of Russia while making a positive contribution to the development of Kaliningrad’s industry. "This large-scale project is in line w... |
Maple Leaf reports growth in 1QFY1826 October 2017, Published under Cement NewsMaple Leaf Cement Factory Ltd (MLCF) has reported that during 1QFY18 its profit after tax (PAT) stood at PKR1.05bn (US$9.9m), showing a growth of 47 per cent on QoQ basis. MLCF incurred selling and distribution expense of PKR266m and administrative expense of PKR150m during this quarter against PKR373m and PKR122m incurred respectively in 1QFY17. |
Fire crews sent to Capitol Cement's San Antonio plant26 October 2017, Published under Cement NewsCapitol Cement's San Antonio plant had 30 fire crews sent to it on the 11500 Bulverde Road, north of Wuzbach Parkway, yesterday morning after a fire broke out inside one of the company's asphalt towers. No workers were injured. The fire was isolated and other areas of the plant were unaffected, but the fire crews had to use large volumes of water because of the type of materials that were burning. |
Ambuja Cements sees 9.7% net profit rise in 3Q25 October 2017, Published under Cement NewsLafargeHolcim-owned Ambuja Cements' standalone unaudited income remained stable in 3Q17 at INR24.73bn (US$379.8m) when compared with the previous year (3Q16: INR24.72bn) but noted a 25.4 per cent drop when compared with 2Q17, when it reached INR33.16bn. Profit before tax rose 11.3 per cent YoY to INR3.36bn from INR30.02bn but saw a 38.6 per cent decrease QoQ (2Q17: INR5.47bn) while net profit reached INR2.72bn, up 9.7 per cent from INR2.48bn in 3Q16, but down 31.3 per cent from INR3.92bn ... |