Cement News tagged under: corporate
Pakistan: Kohat Cement earnings up 4% YoY23 February 2017, Published under Cement NewsKohat Cement reported earnings of PKR2.2bn (US$20.98m) in 1HFY17 compared to PKR2.1bn reported in the same period last year, up four per cent YoY. The result accompanied a second interim cash dividend of PKR8/share, taking cumulative 1HFY17 payout to PKR12/share. The company's total sale of cement stood at 1.06Mt compared to 1.03Mt in the first six months of the last financial year. Kohat's domestic sales of cement reached 988,159t and exports amounted to 81,271t during this period. ... |
Pakistan: Bestway Cement to acquire Dewan Cement22 February 2017, Published under Cement NewsDewan Cement Ltd and Bestway Cement Ltd have both separately informed the Pakistan Stock Exchange (PSX) that they are signing a memorandum of understanding (MoU), wherein Bestway will acquire Dewan Cement, subject to approval by concerned authorities. Previously, three local cement companies and a Chinese company expressed their intention to acquire stakes in Dewan Cement. The Bestway Cement Ltd notification to PSX says that it has entered into a non-binding MoU with Dewan Cement Ltd ... |
Peru: Cementos Yura Q4 profit falls by 20%22 February 2017, Published under Cement NewsCementos Yura has announced that its profits for4Q16 were down by 20.1 per cent YoY to PEN40.2m (US$12.4m), reports Business News Americas. The firm saw sales revenues fall by 3.3 per cent, while administrative costs more than doubled as the firm paid a PEN25.7m penalty for cancelling a contract with a supplier. Cementos Yura was also negatively affected by foreign exchange fluctuations. While local sales were little changed YoY at 0.61Mt, exports fell by 14.8 per cent to below 0.1Mt. ... |
Lucky Cement: Karachi expansion scheduled for end-201722 February 2017, Published under Cement NewsLucky Cement Ltd is currently undergoing a series of investments in capex projects. Its 1.25Mta Karachi plant expansion poject is scheduled to be operational by the end of 2017, while the company is still in the process of seeking approvals and necessary authorisations for a 2.3Mta greenfield integrated cement plant in Punjab province. Company officials hope that construction at the Punjab site will start by the end of June 2017. In addition, the 10MW waste heat and recovery (WHR) syste... |
Oman Cement annual profit up 10% as production rises22 February 2017, Published under Cement NewsOman Cement has announced that its profits rose by 10 per cent in 2016, to OMR12.87m (US$33.4m). In an earnings statement to the Muscat Securities Market, Oman Cement said that sales revenues rose by 8.5 per cent, but better control of costs produced a greater rise in profitability. The company sold 2.3Mt of cement in 2016, a 10.7 per cent increase on the previous year, which given the slower pace of revenue growth implies lower prices. Profits were also affected by the longer than ... |
UK: Hanson reopens GGBS grinding plant21 February 2017, Published under Cement NewsHanson has re-opened its ground granulated blast furnace slag (GGBS) grinding plant at Teesport Docks in Middlesbrough, UK, creating 20 new jobs. The plant was mothballed during the recession in 2009, but the upturn in construction activity prompted Hanson to reopen the site. The raw material was originally sourced from the nearby steel works, which has now closed. In future it will be imported, helping to sustain the docks. Site Manager, Duncan Felgate, said: "It has taken nine months to ... |
India: Ambuja net profit leaps 85% in 4Q1621 February 2017, Published under Cement NewsLafargeHolcim-owned Ambuja Cement reported a 85.2 per cent rise in its consolidated net profit to INR2.057bn (US$30.7m) for the fourth quarter ended 30 December 2016 from INR1.11bn in 4Q15. Ambuja’s total income from operation almost doubled to INR49.362bn in the Oct-Dec quarter from INR23.843bn in the year-ago period, Ambuja said in a BSE filing. "During the year, Holcim India Pvt Ltd has been amalgamated with the company from the effective date August 12, 2016 pursuant to scheme of ... |
Pakistan: Gharibwal Cement's energy-generating conveyor is operational21 February 2017, Published under Cement NewsGharibwal Cement Ltd informed Pakistan Stock Exchange (PSX) that its downhill conveyor belt project has now started commercial operations. The 3.15km-long conveyor belt can transport 1200tph raw material (crushed limestone, clay, silica, etc) from quarry to the pre-blending yard. said Company Secretary, Muhammad Shamail Javed. It is claimed that this conveyor belt is first of its kind in Pakistan because in addition to transporting the raw material, it also generates electricity up to... |
Indonesia: Kupang Cement to start work on new Kupang plant21 February 2017, Published under Cement NewsKupang Cement Indonesia's third factory in Kupang will soon be realised, according to the Governor of East Nusa Tenggara, Frans Lebu Raya. "The preparation phase has been completed. The groundbreaking ceremony is scheduled to be held on 10 March this year," he informed ANTARA in Kupang, Monday. He further stated that the new IDR2trn (US$1.49bn) plant will have a 1.5Mta cement capacity and will be built in the Bolok Industrial District. The construction will take approximately three yea... |
India: Burnpur Cement to launch new PPC product21 February 2017, Published under Cement NewsBurnpur Cement Ltd has informed BSE that the management has decided to launch new Pozzolan Portland Cement (PPC) from its Patratu plant by the third week of April 2017. After the production of PPC, the capacity utilisation of the plant will be running at 100 per cent and the turnover of the company is forecast to increase. |