Cement News tagged under: corporate
Tunisia: Bizerte sees turnover up 7.5% but loss aggravates12 May 2017, Published under Cement NewsTunisia’s Ciments de Bizerte has reported a TND22.179m (US$9.175m) loss in 2016, increasing the loss from TND6.61m the previous year. Turnover reached TND61.451m, a YoY increase of 7.5 per cent when compared with 2015 when turnover reached TND57.173. The company’s operating result saw a loss of TND14.577m, affected by net financial charges to the tune of TND14.577m in 2016, up from TND11.53m in 2015. The outstanding amount of bank loans reached TND53.891m against TND26.88m as at 31 D... |
Lafarge France to modernise Martres-Tolosane unit12 May 2017, Published under Cement NewsLafarge France will invest EUR100m in the modernisation of its cement plant at Martres-Tolosane in Haute-Garonne, France. The company is currently selecting a contractor to carry out the work, which is scheduled to start at the end of the year. Jean-Louis Chauzy, president of the Economic, Social and Environmental Council of Occitanie, expressed his concerned that the cement company would choose a Chinese contractor rather than a French company, but Lafarge responded by saying no decision... |
Raysut Cement Co net profit down 62%12 May 2017, Published under Cement NewsRaysut Cement Co reported a 61.76 per cent decline in its net profit in 1Q17 impacted by lower sales volume and increased tax rate, according to its quarterly report submitted to the Muscat Securities Market on Tuesday. Group net profit fell to OMR3.09m versus OMR8.08m in the same period a year earlier. The decline was attributed to a significant increase in the cost of electricity, lower sales volumes and an increased tax rate from 12 to 15 per cent, the Muscat Daily reported. During ... |
Titan 1Q results driven by US market11 May 2017, Published under Cement NewsFinancial results for Titan Group in the first quarter of 2017 recorded an improvement, primarily due to the continued recovery of the US market. All geographic regions where the group operates recorded higher sales volumes with the exception of Greece, where demand remains stagnant at low levels. Consolidated turnover was EUR361.8m posting a 7.1 per cent increase compared to the 1Q16. EBITDA increased by 18 per cent reaching EUR51.1m. The net result after minority interests and the provi... |
Tabuk Cement profit down11 May 2017, Published under Cement NewsTabuk Cement on Wednesday announced a 59.2 per cent decrease in net profit during the first quarter of 2017, compared to the same quarter last year, according to a bourse filing. Net profits fell to SAR8.7m (US$2.3m) in 1Q17, compared to SAR21.3m in 1Q16. The company attributed the YoY profit fall in 1Q17 to a decline in the amounts and value of sales and higher financial costs. Tabuk Cement’s sales amounted to SAR57.5m in the period between January and March, compared to SAR75.5m i... |
Vulcan Materials improves net profit11 May 2017, Published under Cement NewsVulcan Materials, the largest US aggregates producer, generated a 1Q17 turnover 4.3 per cent ahead at US$787.3m while EBITDA declined by four per cent to US$149.3m, having just over doubled the year before. At the trading level, the first-quarter profit improved by 11.5 per cent to US$67.4m and the net interest charge in the period increased by one per cent to US$34.17m, giving a pretax profit 32.3 per cent higher at US$43.5m. At the net attributable level the profit increased by 11.9 per ce... |
Eagle Cement Corp gets IPO nod11 May 2017, Published under Cement NewsThe Board of the Philippine Stock Exchange (PSE) yesterday approved the initial public offering (IPO) applications of cement maker Eagle Cement Corporation. Eagle Cement will be offering 500m primary shares at a maximum price of PHP16.00 (US$0.32) per share. The scheduled offer period for Eagle is 16-22 May. |
Nico Delvaux appointed President and CEO of Metso Corporation11 May 2017, Published under Cement NewsMetso's Board of Directors has appointed Nico Delvaux President and CEO of Metso, effective at the beginning of November 2017 at the latest. Nico Delvaux is currently Senior Executive Vice President for Atlas Copco AB and Business Area President for Compressor Technique, with responsibility for the global compressed air business of the Atlas Copco Group. "This nomination is part of Metso's successor planning and the timing is good for Metso to progress into the next development phase.... |
AshakaCem chairman resigns11 May 2017, Published under Cement NewsMallam Suleiman Yahyah, chairman of Nigeria-based AshakaCem Plc, has tendered his resignation from the company. “In line with the listing requirements of the Nigerian Stock Exchange (NSE), the Board of Directors hereby announce the resignation of Mallam Suleiman Yahyah, OON as the Chairman of the Board of Directors of the Company with effect from May 2, 2017," a statement by the company said. Mallam Yahyah joined the Board of Directors of AshakaCem Plc in 2010, and was appointed as chai... |
HeidelbergCement's 1Q sales volumes boosted by Italcementi acquisition10 May 2017, Published under Cement NewsIn the first quarter, the sales volumes of HeidelbergCement’s building materials rose substantially as a result of the consolidation of Italcementi. The continued recovery of the construction industry in North America and Europe also had a positive impact on the development of sales volumes. In contrast, development in the emerging countries was mixed. In the first quarter, the group’s cement and clinker sales volumes increased by 58 per cent to 27.8Mt (previous year: 17.6Mt) as a result o... |