Cement News tagged under: corporate
Holcim Philippines sees 'challenging' 1Q1727 April 2017, Published under Cement NewsLower public infrastructure spending, tighter industry competition and higher production expenses led to a dip in Holcim Philippines' first-quarter financial performance, the company reported today. The company’s net sales for the first three months of 2017 reached PHP8.8bn (US$176.1m), down 12 per cent YoY due to the challenging business environment. Holcim Philippines also booked PHP1.7bn in operating EBITDA compared to PHP2.5bn in the 1Q16 due to higher costs from rising fuel price... |
Anhui Conch attributable profit up 86%27 April 2017, Published under Cement NewsAnhui Conch Group’s net profit attributable to equity shareholders increased by 86.41 per cent YoY in the first quarter of this year to CNY2.153bn (US$312m). Operating profit rose by 139.4 per cent in the reporting period and total profits were up by 92.81 per cent. The increases were partly attributed to the YoY rise in sales volumes and selling prices of the group’s products. Revenues rose 28.58 per cent to CNY13.6bn in the first quarter of this year. Non-operating income decreased by... |
Yanbu reports decline in 1Q profit27 April 2017, Published under Cement NewsSaudi-based Yanbu Cement’s profits declined by 27.49 per cent YoY to SAR124m (US$33m) in the first quarter of 2017 from SAR171m. The decline in profits was attributable to weaker demand and fierce competition, according to a bourse filing on Wednesday. Total sales reached SAR296m in 1Q17 compared to SAR303m in the comparative period of 2016. |
LafargeHolcim launches Disensa in Mexico27 April 2017, Published under Cement NewsLafargeHolcim has launched its franchise brand Disensa in Mexico. With the opening of retail stores for construction materials, the company expects to consolidate its presence in the self-construction segment. The cement producer plans to open 200 stores in 2017 and run a total 600 outlets by 2020. LafargeHolcim’s Regional Director of North America, Pascal Casanova, explained in a statement that "Disensa relies on the economic conditions offered by Mexico and bets on the national mar... |
Yuen steps down as KHD Supervisory Board Member27 April 2017, Published under Cement NewsEliza Suk Ching Yuen has decided to step down from the position of Supervisory Board Member of KHD Humboldt Wedag International AG (KHD) effective at the end of the next Annual General Meeting on 23 May 2017. Mrs Yuen was elected to the board in 2012. |
CRH sees 4% advance in 1Q sales26 April 2017, Published under Cement NewsCRH reported a ‘satisfactory’ start to 2017 with first quarter sales up four per cent compared with a strong first quarter of 2016 which benefitted from very mild weather conditions across all its major markets. In a trading update released today in advance of its AGM taking place tomorrow, the Irish building materials major said group EBITDA for the "seasonally less significant first half of the year" is expected to be ahead of last year (1H16: EUR1.12bn). Based on current momentum, furth... |
GICA sets new production record26 April 2017, Published under Cement NewsGroupe Industriel des Ciments d’Algérie (GICA) has set, for the second year running, a new production record. In 2016 the company produced 12.6Mt of cement, up four per cent YoY from 12.14Mt in 2015. While claiming that the cement volumes of the group’s 12 cement plants have been fully sold on the market, the cement group stresses that its main objective is to "actively contribute to closing the cement deficit estimated at 4Mta, in a context marked by large public investments in the housin... |
Lafarge Africa revenue rises26 April 2017, Published under Cement NewsLafarge Africa Plc announced a profit after tax of NGN5.2bn (US$17m) versus NGN1.9bn in the same period of last year driven by an increase in revenue, comparatively higher gross margin and higher investment and other income. Cement revenue grew by 61 per cent YoY, as relatively higher prices in both Nigeria and South Africa more than offset the lower sales volume experienced in both markets. In Nigeria volumes grew by six per cent compared to the final quarter of 2016 but were down by 12 ... |
Pacasmayo's volumes impacted by El Niño effect26 April 2017, Published under Cement NewsPeruvian producer Cementos Pacasmayo SAA and its subsidiaries saw revenues decrease by 9.3 per cent and sales volumes of cement, concrete and blocks fell by 12.2 per cent primarily due to landslides, flooding and heavy rain, in the north of Peru since mid-February associated with El Niño. The gross margin of 40.3 per cent was up 3.3 percentage points due to operational efficiencies despite lower sales volumes and increased depreciation. The Cement EBITDA margin of 29.9 per cent was up 1... |
UltraTech Cement FY17 sales edge ahead25 April 2017, Published under Cement NewsUltraTech Cement, an Aditya Birla group company, yesterday reported consolidated sales for FY17 of INR250.92bn (US$3.89bn) against INR248.8bn in the previous year. Profit before interest, depreciation and tax of INR58.61bn was nine per cent higher and profit after tax up 10 per cent YoY to INR27.15bn. Domestic grey cement sales was 47.62Mt, virtually flat on the 47.13Mt recorded a year earlier. For the final quarter of FY17, volumes reached 13.35Mt compared to 13.32Mt in the same quarter... |