Cement News tagged under: corporate
Vulcan’s profit margins increase as markets recover02 August 2016, Published under Cement NewsVulcan Materials' first-half turnover rose by 12.1 per cent to US$1711.6m and EBITDA advanced by 39.7 per cent to US$419.3m. The trading profit expanded by 69.4 per cent to US$378.7m and after a net interest charge 54.1 per cent lower at US$67.1m, the pretax profit jumped from US$18.9m to US$211m. The net attributable earnings line went from US$8.5m to US$142.7m. The net debt was reduced by 4.1 per cent to US$1890.8m, giving a gearing level of 42.2 per cent compared with 46.6 per cent a year... |
Paraguay: new cement mill to provide US$50m sales boost02 August 2016, Published under Cement NewsIndustria Nacional de Cemento (INC) expects a US$50m boost to its sales following the commissioning of its new mill at its Villeta plant, according to Jorge Méndez, president of the Paraguayan cement producer. "The operation of the new mill is one of several goals that we have and that we will realise," he said. “Civil works are carried out by local firm Engineering, while parts of the mill were manufactured by China’s Sinoma and shipped in early July and is expected to arrive in the coun... |
New communication manager at Holcim Romania02 August 2016, Published under Cement NewsVeronica Dobre has been appointed the new Communication Manager of Holcim Romania. She takes the position over from Ioana Borangic, who had worked for the company for six years. Ms Dobre holds a degree in Public Relations from the UK Chartered Institute of Public Relations and is also a Political Sciences, Communication and Public Relations graduate of the National School of Political Administrative Studies of Bucharest. Speaking on her new appointment, Ms Dobre said, “Holcim has alway... |
Oman Cement output rises by 20% in year to June01 August 2016, Published under Cement NewsHaving already announced a 25 per cent rise in profits in its six-month results to the end of June 2016, Oman Cement has now released details of increased production and sales, Muscat Daily reports. During 1H2016, cement output at the firm rose by 19.86 per cent to 1.21Mt, including 89,851t from its new mill at Ghala-Rusayl in northeastern Oman, which came online at the end of May. A statement release by Oman Cement read: “The company has continued its efforts to overcome the adverse... |
UAE: Sharjah Cement profits fall 17% in 2Q1601 August 2016, Published under Cement NewsSharjah Cement and Industrial Development Co reported a 17 per cent fall in 2Q16 profits, according to a bourse statement. Profits reached AED17.8m (US$4.84m), compared to AED21.4m in the equivalent period of the previous year. In the first half of 2016, the company generated a profit of AED29.2m, down from AED32.62m in 1H15. Sales rose 6.2 per cent YoY to AED343m in 1H16 from AED322.78m. |
Union Cement reports 5.1% rise in profits for 2Q1601 August 2016, Published under Cement NewsUnion Cement in the UAE saw a 5.1 per cent YoY rise in 2Q16 profits to AED29.72m from AED28.27m in 2Q15. The company posted a 24.9 per cent fall in its 1H16 profits from AED54.7m the previous year to AED41.07m. Sales declined 18.3 per cent to AED257m. |
CRH hires new manager for Romanian operations01 August 2016, Published under Cement NewsCRH Romania has appointed Gustavo Navarro as its new general manager. The company has been operating without a general manager for almost a year after Costin Borc left the position last year to join the government as Economy Minister. Mr Navarro has 12 years experience in top management positions in the construction industry, with appointments in southeastern Europe and Russia. He acted as CEO for Holcim’s operations in Serbia and Russia and was a board member at Holcim Romania between 20... |
Strong Europe performance boosts HeidelbergCement 2Q16 results29 July 2016, Published under Cement NewsA robust performance in Europe has contributed to HeidelbergCement’s improved 2Q16 results. The Germany-based building materials producers reported second-quarter sales of EUR3.575bn, down two per cent YoY but up one per cent on a like-for-like (LFL) basis. All business lines saw their sales increase. Operating income rose by eight per cent to EUR601m from EUR557m in 2Q15, although LFL this increase was 11 per cent and all business lines saw their margins improve. Net profit for 2Q15 improve... |
Dangote reports 60% rise in sales in 1H1629 July 2016, Published under Cement NewsDangote Cement announced its unaudited results for the six months ended 30 June 2016. The company saw its revenue grow by 20.6 per cent to NGN292.2bn (US$925m) but lower selling prices, higher fuel costs and the impact of Pan-African plants in ramp-up phase saw its EBITDA down 10.2 per cent to NGN132.5bn. The EBITDA margin reached 45.4 per cent. Net debt stood at NGN293.3bn, giving a net gearing of 43.1 per cent. In terms of group cement volumes, Dangote sold 59.5 per cent more cement YoY... |
Titan's US business continues to advance29 July 2016, Published under Cement NewsTitan's first-half turnover improved by 7.6 per cent to EUR723.8m and EBITDA was ahead by 13.5 per cent to EUR119.5m. Following an increase in the depreciation charge of a modest 6.7 per cent, the trading profit improved by 21.4 per cent to EUR59m. After a net financial charge 6.2 per cent higher at EUR34.7m and other items, notably foreign exchange, the pretax profit dropped from EUR30.9m to EUR7.4m. At the net attributable level, the profit declined from EUR24.4m to EUR9.2m. Capital inves... |