Cement News tagged under: corporate
Adelaide Brighton appoints Zlatko Todorcevski as non-executive director23 March 2017, Published under Cement NewsAustralia’s Adelaide Brighton has appointed Zlatko Todorcevski as non-executive director with effect from 22 March 2017. Mr Todorcevski is President of the Group of 100, the peak body for Australia's Chief Financial Officers from the nation's major private and public business enterprises. He is also Chairman of the Accounting and Auditing Standing Committee of the Australian Securities and Investments Commission. Adelaide Brighton's Chairman, Les Hosking, said he was pleased the Compan... |
Nepal: Hetauda Cement sees improved pricing environment22 March 2017, Published under Cement NewsNepal-based cement producer Hetauda Cement Factory recorded a profit of NPR40m (US$382,292) in the last fiscal year and is now targeting a profit of NPR200m in the current fiscal thanks in part to higher cement prices. The state-owned cement factory was forced to shut down operations for five months in the previous fiscal due to a shortage of coal triggered by the trade embargo. However, optimism prevails for the year in hand due to a hike in cement prices. Although the cost of produci... |
Cimpor books larger loss in 201621 March 2017, Published under Cement NewsWith declining volumes in Cimpor's three most important markets. In Brazil, Argentina and Portugal, the turnover fell by 26.1 per cent in 2016 to EUR1842.8m and EBITDA came off by 32.9 per cent to EUR352.6m. After a EUR584m impairment charge against the goodwill carried in Brazil, the total depreciation and amortisation charge was more than trebled to EUR781.5m, giving a trading loss of EUR428.9m compared with a profit of EUR313.3m in the previous year. After a net financial charge 8.7 pe... |
Lafarge Malaysia earnings expected to bounce back21 March 2017, Published under Cement NewsLafarge Malaysia Bhd’s (Lafarge) earnings are expected to bounce back in FY17 and FY18 on the back of local cement sales growth as well as contributions from its collaboration with the federal government, according to analysis by AmInvestment Bank Bhd quoted in The Borneo Post. Following a disappointing FY16, the investment bank anticipates that Lafarge’s earnings are expected to rise by 44 per cent and 68 per cent in FY17 and FY18, respectively. “Lafarge’s local cement sales is to gr... |
Arkan to close UAE factory21 March 2017, Published under Cement NewsBuilding materials industrial conglomerate Arkan has announced its decision to permanently close its Emirates Cement Factory (ECF) in Al Ain, Gulf Digital News has reported. The announcement from Arkan's board comes following the successful consolidation of the company's cement business. Arkan had announced in December that owing to significant gas and electricity price increases from 1 January 2017, it would implement a series of measures such as the temporary closure of ECF to boost ... |
Peru: Unacem sees sales slip 4.3% in 201621 March 2017, Published under Cement NewsUnacem sales fell 4.3 per cent in 2016 to PEN1865m in 2016. In Ecuador, its subsidiary Unacem Ecuador sold 1.2Mt of cement at a value of US$153.2m. In the US Drake Cement in Arizona sold 546,000st or US$83m. The Peruvian cement company produced 3.4Mt of cement at its Atacongo works near Lima and 1.7Mt at the Condorcocha works in Junín. The company’s total output accounted for around 53 per cent of national demand. Shipments were mostly bagged cement, which accounted for 77 per cent of the... |
Semen Baturaja full-year profit down 21%, revenue rises slightly21 March 2017, Published under Cement NewsIndonesia state-owned producer Semen Baturaja’s profit declined by 21 per cent in 2016 to IDR274.09bn (US$20.6m) due to revenue growth being lower than its costs, the Jakarta Post reports. Last year Semen Baturaja's revenue rose by 4.1 per cent to IDR1.52trn versus IDR1.46trn a year earlier, while costs increased by 4.4 per cent in 2016 to IDR1.01trn. This year the company anticipates a 23 per cent increase in its sales this year due to a new factory that commenced operations in June. T... |
Camargo reportedly selling cement unit20 March 2017, Published under Cement NewsIt has been reported by local press that Camargo Correa SA, the Brazilian family-owned conglomerate that has exited some of its businesses over the past year, has put its InterCement SA unit up for sale. According to a column in newspaper O Globo, Camargo Correa has received offers from Cemex and another unnamed Latin America-based cement producer. Globo columnist Lauro Jardim values the InterCement unit at around BRL20bn (US$6.47bn). However, when contacted by Reuters, a Camargo spoke... |
Ukraine: Dyckerhoff Cement losses increase five-fold20 March 2017, Published under Cement NewsPreliminary figures indicate that in 2016, Dyckerhoff Cement Ukraine, part of Dyckerhoff AG, increased its loss by UAH66m (US$2.46m) to UAH80.82m. The company's assets as of late 2016 were UAH2.16bn, long-term liabilities were UAH2.69bn and current liabilities were UAH483.96m. Dyckerhoff Cement Ukraine reported a loss of UAH14.82m for 2015. |
Cemex will not supply border wall20 March 2017, Published under Cement NewsMexico-based Cemex says it will not participate in construction of President Donald Trump's border wall. The company has been viewed as a potential beneficiary of President Trump’s plans, but Cemex has come under intense pressure at home to boycott the multi-billion-dollar project. According to the US General Services Administration's Federal Business Opportunities website, Cemex has not registered as a potential government contractor for the border barrier. Last week, company spokesma... |