Cement News tagged under: corporate
Buzzi Unicem: 1Q16 sales up 2.8%06 May 2016, Published under Cement NewsBuzzi Unicem reports that during the 1Q16 group cement sales were up 2.8 per cent from the first quarter of 2015, reaching 5Mt. The volume trend was favourable in the United States (+16.3 per cent) and fairly stable in central Europe and Italy. Eastern Europe reported a decrease of 9.2 per cent, mainly due to the declines recorded in Russia and Ukraine. Ready-mix concrete sales posted a slight decrease (-1.7 per cent) compared to the same period of 2015, to 2.4Mm 3 . Consolidated net sales... |
Martin Marietta reports strong Q1 profit advance06 May 2016, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first-quarter turnover 16.2 per cent ahead at US$734.0m and EBITDA rose by 67.3 per cent to US$152.6m. The trading profit was more than trebled, rising from US$.25.6m to US$83.8m and after a net interest charge that was 3.6 per cent higher at US$20m and after other items, the pretax profit emerged at US$64.8m compared with just US$5.4m and the net attributable profit jumped from US$6.1m to US$45m. Capital... |
China: BBMG can be optimistic for 201606 May 2016, Published under Cement NewsBeijing Building Materials Group (BBMG) is looking favourably to the rest of the year as an upturn in its Chinese cement sales and higher prices are forecast. However, expansion overseas is not yet seen as a priority despite the Chinese President, Xi Jinping's, desire for Chinese firms to expand across southeast Asia. "Management remains positive on the demand pick-up in the region, given the support from the Beijing-Tianjin-Hebei (BTH) integration and overall improvement in the infrast... |
Oman’s Raysut Cement Somaliland terminal on track06 May 2016, Published under Cement NewsRaysut Cement said its project with Barwaaqo Cement Co in Berbera, Somaliland, is progressing well. The Oman-based cement producer signed a joint venture agreement with the Barwaaqo Cement Co in September 2014 for building a 12,000t bagging and distribution terminal at Berbera. The project reflects an investment of US$7.5m and is expected to support the company’s expansion. At its Raysut works, the company also plans to install a 150tph rotary packing machine with an auto truck-loader, w... |
Vietnam: Loesche to supply new Long Son Cement plant06 May 2016, Published under Cement NewsLoesche GmbH, Germany, has signed a new contract with Sinoma-NCDRI, China, to supply a new mill to Long Son Company in Vietnam. Long Son is building a new cement plant at Dong Son Bim Son and the equipment is to be delivered in the next 8-9 months. Loesche will supply a type LM 56.4 mill with a performance of 520 t/h. The gearbox of this mill has a power output of 3,600 kW. |
Malaysia: Hume Industries wants more time for land extension06 May 2016, Published under Cement NewsHume Industries Bhd is seeking a 24-month extension from the Securities Commission (SC) in order to acquire occupation certificate for its Sabah industrial land. The firm had in April 2014 sought SC's approval for the purchase of the full equity interests in Hume Concrete Sdn Bhd (then known as Hume Industries (Malaysia) Sdn Bhd) and Hume Cement Sdn Bhd. Among the requirements set by the SC was for the company to obtain the occupation certificate for the industrial land within 24 months... |
Pakistan: Bestway Cement profit up 48% for 9MFY201606 May 2016, Published under Cement NewsBestway Cement has announced after tax profits of PKR7.45bn (US$71m) in the nine month period to 31 March 2016, a 34 per cent increase YoY. Total sales rose to PKR24.42bn (US$233m) – an increase of 11 per cent YoY. Profits rose on the back of lower administrative and distribution costs, which fell by 2.4 per cent and 17.3 per cent respectively to PKR289m (US$2.8m) and PKR439m (US$4.2m). Finance costs increased sharply to PKR1.3bn (US$12.4m). Bestway’s sister concern, Pakcem Ltd, also e... |
Rep of Congo: Cimenterie de Lukala to close down06 May 2016, Published under Cement NewsCimenterie de Lukala (CILU), located in the Republic of Congo, will be closing down due to “the unfair competition it has faced since December 2015”, according to its CEO, Ola Ora. The factory had been running at capacity utilisation rates of below 50 per cent in recent times. The country’s government had allowed conditional imports of cement into the Republic of Congo. Domestic cement demand is estimated at around 3Mt, but local production is limited to 0.5Mt. |
A change of strategy: Cemex to sell some US assets06 May 2016, Published under Cement NewsCemex, the Mexican giant of the cement world, announced this week that it intends to further reduce its exposure in the USA by selling US$400m worth of assets to a US subsidiary of fellow Mexican Grupo Cementos de Chihuahua. Is this part of a long-term plan to pull business out of the USA, to reduce debt or is Cemex reluctantly selling cement capacity in a country that the PCA has forecast will see a 3.4 per cent rise in cement consumption in 2016? At the close of 2015 Cemex’s US operation... |
KHD order intake delay will affect 1H16 forecast05 May 2016, Published under Cement NewsAfter updating its annual budget, KHD Humboldt Wedag International AG (KHD) is adjusting its forecast for the 2016 financial year accordingly. The awarding of several significant projects, which were expected to be order intake in the first months of the FY16, has been postponed. As a result, these projects are now planned as order intake in the 2H16 in the updated forecast. Combined with challenges in the execution of individual large projects this has a substantial impact on the antic... |