Cement News tagged under: corporate
New CEO for thyssenkrupp Industrial Solutions05 May 2017, Published under Cement NewsDr Peter Feldhaus, currently CEO of thyssenkrupp Marine Systems, is to be the new CEO of the Industrial Solutions business area. At its meeting earlier this week the Industrial Solutions supervisory board appointed him executive board member and CEO of the business area effective 4 May. “Dr Peter Feldhaus has outstanding strategic skills and experience in various sectors. As CEO he integrated Marine Systems more fully into the overall structure of the Industrial Solutions business area an... |
N+P opens UK office05 May 2017, Published under Cement NewsN+P announces the appointment of Neville Roberts as Managing Director UK for N+P Alternative Fuels Ltd as well as the opening of a new UK office. The successful expansion strategy of N+P already led to several new contracts for supply of RDF, SRF and Subcoal® in the UK and the European markets. In addition, several new large contracts will be concluded and announced in due course, the company said in a statement. Commenting on the managerial appointment, CEO, Karel Jennissen, said: "N... |
Trinidad Cement revenues down 12%04 May 2017, Published under Cement NewsTrinidad Cement Ltd (TCL) said its revenue for the first three months of the year was down by 12 per cent YoY to TTD422m (US$62.5m) due to a construction slowdown in one of its major markets and tougher regional competition. Group volumes in 1Q17 were down six per cent YoY which the company said reflected a slowdown in Trinidad and Tobago construction activity, compounded by increased competition in the Caribbean region. However, TCL noted that positive trends continued in the Jamaican m... |
CCNN earnings recover on strong prices04 May 2017, Published under Cement NewsThe Cement Company of Northern Nigeria (CCNN) reported sizeable growth across all profit lines in the first quarter of 2017. In line with trend observed across other industry players, strong cement prices (up around 70 per cent YoY) weighed on CCNN’s cement volume but still provided greater positive impact on topline as revenue rose 22 per cent YoY to NGN4.4bn (US$13.9m), Vetiva Research said in a note on CCNN's results. Energy supply, particularly LPFO, remained stable over the quarter (a... |
Northern Region Cement profit drops 61.6%04 May 2017, Published under Cement NewsNorthern Region Cement Co reported a 61.6 per cent YoY decline in profits for the first quarter of this year, the Saudi-based cement producer said in a bourse filing on Wednesday. Profits reached SAR16.48m (US$4.4m) in 1Q17, down from SAR42.9m in the comparative period of the previous year. The company attributed the drop in profit to lower volumes and selling prices, as well as higher competition. Total sales contracted by 44.92 per cent to SAR127.3m in the quarter under review compa... |
Cementir completes refinancing of EUR330m bridge credit04 May 2017, Published under Cement NewsCementir Holding on 28 April 2017 successfully completed the refinancing of a bridge credit line of EUR330m, which is part of the financing contract stipulated in October 2016, the Italian producer confirmed in a statement yesterday. This credit line was made available by a pool of banks to fund the acquisitions of Compagnie des Ciments Belges (CCB) and the business division of Sacci, to refinance existing credit facilities and to meet the group’s working capital requirements. The matu... |
LafargeHolcim 1Q17 comparable net sales rise03 May 2017, Published under Cement NewsLafargeHolcim reported today that net sales increased by 5.3 per cent on a like-for-like basis driven by favourable pricing and improving volume momentum. Eric Olsen, CEO of LafargeHolcim, said: "Our good Q1 performance has got us off to an excellent start for 2017 and marks our fourth consecutive quarter of earnings growth. "Continued pricing strength, improving volume momentum and synergies underpinned our results across the portfolio. Our Middle East Africa region performed particula... |
Vicat expects improved Europe, US, India and west African markets03 May 2017, Published under Cement NewsVicat's first-quarter turnover eased by 0.5 per cent to EUR551m, which represents an underlying advance of 1.4 per cent. The cement turnover declined by three per cent to EUR283m, as cement shipments advanced by 1.2 per cent to 4.89Mt. Before inter-sector eliminations, the cement turnover amounted to EUR335m. The turnover in concrete and aggregates was three per cent ahead at EUR204m, which represents an underlying decline of 2.5 per cent, as aggregates shipments rose by 3.7 per cent to 5... |
Cementos Molins sees 33% profit rise in 1Q1703 May 2017, Published under Cement NewsSpain's Cementos Molins saw its profit rise 33.2 per cent YoY to EUR20.5m in the first quarter of 2017 due to an increase in sales and a positive trend in prices. However, net profit, which reached EUR1.2m, was negatively affected by currency depreciation, particularly the Mexican peso. Revenues advanced 20.6 per cent YoY to EUR194.1m while gross operating profit rose 27 per cent YoY to EUR49.4m. The company attributes this to he rebound in sales and prices, "despite the fact that pro... |
Cemex Philippines remains positive on construction prospects03 May 2017, Published under Cement NewsCemex Philippines has said it remains confident on the prospects for domestic construction activity on the back of government investment in infrastructure after seeing lower volumes and pricing in the first quarter of this year. I n the three months to the end of March 2017, Cemex Philippines consolidated net income declined by 24 per cent to PHP350m (US$7m), against pro forma net income from the same period of last year. Lower volumes and prices were partially mitigated by better cost of... |