Cement News tagged under: corporate
Eagle Materials’ 1H16 profit rises by 55%28 October 2016, Published under Cement NewsEagle Materials' 1H16 turnover to the end of September, including its share of the Texan cement joint venture with HeidelbergCement, improved by 1.7 per cent to US$682m. The trading profit advanced by 54.5 per cent to US$166.2m. After a net interest charge that was 8.3 per cent higher at US$9.6m, the pretax profit improved by 58.7 per cent to US$156.6m. The tax charge was 64 per cent higher, leaving the net attributable profit 56.2 per cent ahead at US$105.6m. Turnover from cement was 6... |
Brazil: Brennand Cimentos plan new 2.2Mta cement plant28 October 2016, Published under Cement NewsBrennand Cimentos, which owns National Cement, has presented to Brazil's Municipal Council for the Environment (COMDEMA) a project to build a 2.2Mta cement plant in Itaiacoca district, Conceição region of Brazil. The new plant is to be called Compania Paraná Cimentos (CPR). The project, with estimated investment of BRL700m (US$221m), has currently applied for a preliminary permit at the Environmental Institute of Paraná (IAP). According to the Cooperative Manager of Environment and ... |
Cemex Latam Holdings 9M16 net sales fall 8%28 October 2016, Published under Cement NewsCemex Latam Holdings SA (CLH) announced that its consolidated net sales reached US$1012m in the 9M16. This is a fall of eight per cent during the first nine months of 2016 compared to same period of 2015. The decline was mainly explained as a result of foreign exchange fluctuations and the effect of lower cement volumes from our operations in Panama and Costa Rica. Jaime Muguiro, CEO of CLH, said: "Despite challenging demand dynamics in markets like Colombia, Panama and Costa Rica, we... |
Pakistan: Lucky Cement 1QFY2017 profits up 16%28 October 2016, Published under Cement NewsIn its financial statement for the first quarter of the financial year starting in July, Lucky Cement has declared profits of PKR4.04bn (US$38.6m), the Express Tribune reports. This represents an increase of 16 per cent compared to the same period last year. Revenues were five per cent higher at PKR19.8bn, but much of the gain was driven by non-cement subsidiaries. Considering the cement business in isolation, Lucky’s revenues were PKR10.6bn, up two per cent, on sales of 1.7Mt. Domesti... |
Holcim Philippines 3Q profits up 15%27 October 2016, Published under Cement NewsHolcim Philippines increased its net profit for 9M16 by nearly 20 per cent YoY to PHP5.4bn (US$111.8m), helped by a double-digit growth in cement sales. For the 3Q alone, the company's net profit rose by 15.3 per cent YoY to PHP1.7bn, which was attributed to strong sales figures and improved operational efficiency. For the 3Q operating cash flow increased by 11 per cent YoY to PHP2.7bn, driven by sustained gains in operational efficiencies implemented at the start of the year and higher c... |
Thailand: SCG sees cement revenues fall 19% in 3Q201627 October 2016, Published under Cement NewsSiam Cement Group (SCG) has announced that in the third quarter of 2016 profits rose by 57 per cent YoY, but at the company's cement and building materials division they saw a decline of 19 per cent. For the nine months to the end of September 2016, SCG’s profits are up 28 per cent on the same period last year, but cement division profits are down 13 per cent. Siam Cement Group has seen revenues decline across the board, but its chemical division has been helped by the fall in oil prices ... |
OCL India 2Q net profit up 154% to INR860m27 October 2016, Published under Cement NewsOCL India Ltd reported a 154 per cent surge in in net profit to INR857.1m from INR336.9m for the quarter ended 30 September 2016 as the company derived a higher income from operations. The total income from operations of the Dalmia Group company increased to INR7.192bn from INR6.138bn in the year-ago period. The total expenses increased to INR6,164bn over INR5.72bn in the corresponding quarter previous fiscal. |
India: JK Lakshmi approves raising INR5bn27 October 2016, Published under Cement NewsA JK Lakshmi Cement board meeting held on 26 October approved the raising of INR5bn (US$74.7m) through the issuance of non-convertible debentures (NCDs) on private placement basis. The company issued a statement to this effect to the BSE. JK Lakshmi Cement operates integrated plants at Sirohi (Rajashthan), Durg (Chhatisgarh), Kalol and Surat in Gujarat and Jharli (Haryana). The company boasts an 8.4Mta capacity which is scheduled to increase to 12Mta. |
Pakistan: Maple Leaf and Thatta Cement 1QFY16/1726 October 2016, Published under Cement NewsPakistan's Maple Leaf Cement Factory earned profit after tax of PKR1.185bn (US$11.3m) in July- September 2016 compared to PKR846.72m in the corresponding period last year, representing a 40 per cent rise. The company's net sales increased to PKR5.52bn from PKR4.96bn in 1QFY15/16. It incurred higher distribution cost of PKR373m and administrative expenses of PKR124m from PKR303m and PKR112m during this comparative period. In addition, its financing cost fell to PKR52m from PKR185.9m of sam... |
HeidelbergCement completes Belgian assets' sale to Aalborg Portland Holding26 October 2016, Published under Cement NewsHeidelbergCement has completed the sale of operations in Belgium, primarily consisting of Italcementi’s Belgian subsidiary Compagnie des Ciments Belges SA (CCB) to Aalborg Portland Holding SA (Cementir Group). "With the disposal of the Belgium assets we fulfill the obligation of the European Commission and improve the net financial position of HeidelbergCement after the acquisition of Italcementi," said Dr Bernd Scheifele, CEO of HeidelbergCement. HeidelbergCement and Cementir Holding ... |