Cement News tagged under: corporate
Lithuania: Akmenes Cement suffers losses of EUR5m01 June 2016, Published under Cement NewsAkmenes Cementas last year saw its net losses soar to EUR4.864m, more than a five-fold increase from EUR902,400 in 2014. Annual revenue fell by 6.5 per cent to EUR55.44m, Akmenes Cementas said its annual report filed with Lithuania's Center of Registers. The company's total cement sales rose by eight per cent in 2015 from 2014 to 979,000t, including 513,000t in the domestic market (52 per cent of the total sales), 291,000t in Russia (30 per cent), 153,000t in EU markets (16 per cent) and ... |
India: Five bidders still in running for Lafarge01 June 2016, Published under Cement NewsThe Financial Express reports that Lafarge India has reduced the number of bidders vying to acquire its assets to a shortlist of five: Cemex, Anhui Conch Cement, JSW Cement, Piramal Enterprises and the Nirma Group. Of the five, only JSW Cement has a significant presence in the Indian market, although Piramal and Nirma both operate in other sectors in the country. Lafarge India’s assets amount to a capacity of 11Mta and include mining rights. The six plants included in the sale are loca... |
Nepal: Arghakhanchi Cement organises construction training01 June 2016, Published under Cement NewsArghakhanchi Cement has organised training seminars on building materials and earthquake-resilient construction for workers in Kathmandu, Republic reports. The company also provided free health services to participating construction workers. |
Philippines: Holcim Q1 revenues up 17.2%31 May 2016, Published under Cement NewsHolcim Philippines have released trading figures for 1Q2016, revealing that revenues have increased 17.2 per cent YoY to PHP10.1bn (US$216m), reports InPR. The company attributed its good performance to higher private spending and to increased government infrastructure investment, of which PHP760bn (US$16.25bn) of funding has been allocated. Holcim Philippines quarterly results showed operating EBITDA rising by 5.3 per cent to PHP2.5bn (US$53m). Holcim Philippines President and Country... |
Tanzania: Tanga Cement to double clinker capacity31 May 2016, Published under Cement NewsThe Tanga Cement Company Limited (TCCL) has announced plans to raise output to 1.2Mt once the new kiln line is operational at its plant in northeastern Tanzania, East African Business Week reports. Construction of the new kiln is to begin shortly and will raise capacity at the Tanga plant from its current level of 0.5Mta. Grinding capacity is already thought to be 1.2Mta, meaning that the plant has had to rely on clinker imports in the past. Speaking at its annual general meeting, Chai... |
India: JK Cement annual profits down 35.3%31 May 2016, Published under Cement NewsThe Times of India reports that JK Cement’s standalone net profit for 2015-16 was down 35.3 per cent on the previous year to INR1.015bn (US$15.1m). Quarterly profits for the period ending 31 March 2016 were up slightly YoY at INR705.6m (US$10.5m). Like most Indian producers, JK Cement’s performance appears to have suffered from negative pricing pressures. Revenues were up for both the year and the final quarter, implying higher volumes than for 2014-15, but despite this profits suffered. ... |
Arabian Cement Q1 profits drop 41%31 May 2016, Published under Cement NewsArabian Cement have announced a fall in earnings of 40.5 per cent in 1Q16. The company earned EGP34.1m (US$3.85m) in 1Q16, compared with the EGP57.3m (US$6.47m) in the same period last year, according to consolidated financial results. Further, the unconsolidated profits for 1Q also fell 40.5 per cent YoY to EGP33.3m, from EGP56m. In 2015 Arabian Cement’s consolidated profits decreased 26 per cent YoY to EGP277.2m (US$31.2m) from EGP373.7m (US$42m). |
India: Barak Cements to expand Assam grinding unit31 May 2016, Published under Cement NewsBarak Valley Cements Ltd is considering the expansion from 750tpd to 1000tpd (0.33Mta) of its cement grinding plant in Karimaganj, Assam, India, according to a BSE filing. The company is expected to proceed in applying for the required permits and clearances. |
Arabian Cement profits fall 41% in 1Q 201630 May 2016, Published under Cement NewsArabian Cement (Egypt) reported a 40.5 per cent fall in earnings in the first quarter of 2016. According to consolidated financial results, the company earned EGP34.15m (US$3.85m) in Q1 2016, compared with EGP57.37m (US$6.47m) over the same period last year. Further, its first quarter unconsolidated profits decreased 40.5 per cent YoY to EGP33.32m from EGP56.03m. In 2015, the company's consolidated profits slipped 26 per cent YoY to EGP277.2m from EGP374.7m. The ordinary general meeting ... |
European Commission gives green light to HeidelbergCement's Italcementi acquisition27 May 2016, Published under Cement NewsHeidelbergCement has received clearance from the European Commission for the acquisition of Italcementi. The European authority accepts the proposed divestment of operations in Belgium, i.e. Italcementi’s local subsidiary Compagnie des Cements Belges SA (CCB), to avoid anti-competition issues in Europe. “We are very pleased with the positive decision of the European Commission”, says Dr Bernd Scheifele, chairman of the Managing Board of HeidelbergCement. “This decision is an important mil... |