Cement News tagged under: corporate
Kenya: Bamburi Cement profits flat for 201610 March 2017, Published under Cement NewsLafargeHolcim subsidiary Bamburi Cement earned KES5.89bn (US$57.4m) in after tax profits in 2016, up just 0.3 per cent on the previous year, reports the Star newspaper. The company stressed that operating profits had shown a more robust performance, rising by eight per cent to KES7.9bn. Turnover was down 2.9 per cent, but production costs fell faster, dropping by seven per cent to KES24.8bn. “Overall, there was a marginal reduction in volumes into inland Africa export markets and in... |
UK: Hanson to invest GBP20m in new cement mill10 March 2017, Published under Cement NewsHanson Cement plans to build a new finish mill at Padeswood cement plant in Flintshire, UK, that would secure around 100 jobs, reports Daily Post Wales. The company currently has four cement mills at the plant, but a scoping and screening opinion request has been submitted with Flintshire Council for the new mil project. The proposed large modern mill is expected to replace the four existing mills and enable the works to grind a larger volume of clinker than is currently the case. The comp... |
Zimbabwe: PPC capacity utilisation “less than ideal”10 March 2017, Published under Cement NewsThe managing director of PPC Zimbabwe, Kelibone Masiyane, has admitted that his firm’s capacity utilisation is “less than ideal” due to the downturn in the country’s economy, the Chronicle writes. Mr Masiyane said that reduced economic activity had led to a drop in demand for PPC’s output but insisted that conditions would improve in the short- to medium term. In November PPC Zimbabwe expanded its capacity in the country with the opening of a new grinding plant in Harare. |
Taiwan: Hsing Ta Cement sees February revenues up 27%10 March 2017, Published under Cement NewsTaiwan’s Hsing Ta Cement posted revenues of TWD174.57m (US$6.62m) in February, up 27.3 per cent from TWD137.18m YoY. The company reported revenues of TWD507.63m in Jan-Feb 2017, which represent an 6.6 per cent increase when compared with 2M16, when revenues reached TWD475.93m. |
Cementir looks to mature markets10 March 2017, Published under Cement NewsCementir Holding released its 2016 results this week and relied on its Malaysian and Scandinavian operations to offset poor results in its Italian market. "Strong performance in the Scandinavian countries and Malaysia have substantially offset lower earnings in Turkey, Egypt and Italy. Also Group results have been negatively affected by the depreciation of the Turkish lira and, since the Brexit vote, the British pound, together with the fall in the value of the Egyptian pound and geographi... |
India: Birla selects Lodestar for new branding exercise09 March 2017, Published under Cement NewsThe MP Birla Group has chosen Lodestar UM to handle the media duties of its cement business. As a first step in its new branding exercise, MP Birla has launched “Perfect”, a premium Portland Pozzolana cement, in Central India. |
UK: Breedon Group's revenues up by 42.8% in 201608 March 2017, Published under Cement NewsBredon Group Plc's revenues for 2016 grew by 42.8 per cent to GBP454.7m and underlying earnings before interest and tax (EBIT) increased by 57.8 per cent to GBP59.6m, including a five-month contribution from newly-acquired Hope Construction Materials (‘Hope’). This equates to an underlying EBIT margin of 13.1 per cent (2015:11.9 per cent), reflecting good progress towards our 2020 target of 15 per cent, the company said. Profit before tax rose by 49.5 per cent to GBP46.8m. Underlying pr... |
United States: Vallejo blocks plans for new Ecocem plant08 March 2017, Published under Cement NewsAn application for planning permission to build a new EUR45m (US$47.5m) grinding mill in Vallejo, California, has been refused by the local government, the Irish Times reports. Orecem Americas, a subsidiary of Ireland's Ecocem, had put forward the plans to build the plant, but residents had raised concerns that it would lead to an increase in the number of heavy trucks on local roads and would itself generate pollution. Vallejo's planning commission rejected the application by a six-to... |
Egypt: Alexandria Cement reports EGP34.1m in 4Q1608 March 2017, Published under Cement NewsAlexandria Cement posted a profit of EGP34.1m (US$1.93m) in 4Q16, a significant improvement of its business result when compared with the EGP98.5m loss posted in 4Q15. In 2016 losses fell by 76.1 per cent from EGP-214.2m in 2015 to EGP-51.12m one year later. Total sales increased 25 per cent YoY to EGP2.58bn, up from EGP2.05bn in 2015. |
Saudi Arabia: Najran shuts down Line 207 March 2017, Published under Cement NewsSaudi Arabia’s Najran Cement Co has suspended production at a 3000tpd clinker line. The temporary shutdown of company’s Line 2 is due to the current conditions in the market. The decline in cement demand has led to an increase in inventories. |