Cement News tagged under: corporate
India: Burnpur Cement to invest INR5bn in capacity expansion05 May 2016, Published under Cement NewsIndian cement producer Burnpur Cement plans to invest INR5bn (US$75m) to expand its production capacity to 3Mta by 2020. "Presently, our installed capacity stands at 0.6Mta and we are planning to enhance the capacity to 3Mta in the coming 3-4 years," said the company's vice chairman and managing director, Ashok Gutgutia. Burnpur Cement currently operates two 0.3Mta plants – one in Asansol, West Bengal, and the other in Patratu, Jharkhand. The company plans to build a 2Mta greenfield works ... |
USA: Summit Materials enters Las Vegas market with acquisition05 May 2016, Published under Cement NewsSummit Materials Inc has acquired Sierra Ready Mix LLC (Sierra), a vertically-integrated aggregates and ready-mix concrete business located in Las Vegas, Nevada. The acquisition provides Summit with premier, well-located assets in an expanding market. Sierra is a well-established aggregates and ready-mix concrete supplier in the Las Vegas market with an excellent reputation for quality and service. It operates a sand and gravel pit and two ready-mix concrete facilities, and has a well-bala... |
Fancesa invites five overseas contracts to build new Sucre works05 May 2016, Published under Cement NewsBolivia’s Fábrica de Cemento Sucre SA (Fancesa) has invited five foreign equipment suppliers to take part in the bidding for the construction of its new plant in Sucre. “We have sent the invitations to European and Asian companies, in case of the Asian firms only to Japanese companies,” said Braulio Yucra, Fancesa director. Invited were Cemengal (Spain), FLSmidth (Denmark), Kawasaki (Japan), Krupp Polysius AG (Germany) and Grupo Faex (France). These now have 45 days to present their propos... |
HeidelbergCement sees losses shrink in 1Q1604 May 2016, Published under Cement NewsHeidelbergCement's cement sales volume rose five per cent YoY for the period from January to March 2016, reaching 17.6Mt for the quarter. According to results released by the company, sales of aggregates also rose, while ready-mix volumes were flat and those of asphalt were down by 12 per cent. Overall, revenue for the period was unchanged on the previous year at EUR2.83bn (US$3.26bn). Operating income before depreciation was up 13 per cent in like-for-like terms at EUR321m (US$369m), whi... |
Cementos Portland reports EUR29.6m loss in 1Q1604 May 2016, Published under Cement NewsSpain’s Cementos Portland reported a loss of EUR29.6m (US$34m) in the first quarter of 2016, 0.4 per cent less than in 1Q15 due to a recovery in sales and savings in energy costs, the company informed the stock exchange commission CNMV. Sales during the three-month period reached EUR129.8m, up 6.6 per cent thanks to improved performance in the USA, Tunisia and export markets. Volumes rose 12.4 per cent to 1.7Mt as exports from Spain increased, the US saw growth and Tunisia noted “a small ... |
Holcim Philippines forecast flat net income04 May 2016, Published under Cement NewsHolcim Philippines Inc delivered flat earnings in 1Q16 although the cement maker expects strong private construction activity and the implementation of the projects under the government's public-private partnership (PPP) programme to improve matters along with state spending on infrastructure later this year. In a briefing in Makati City yesterday, Holcim President and Country CEO, Eduardo A Sahagun, said the company's bottomline was unchanged at PHP1.5bn (US$31.8m) in the January to March... |
USA: Vulcan Materials sees 15.6% profit improvement04 May 2016, Published under Cement NewsVulcan Materials, the largest US aggregates producer, generated a first-quarter turnover 15.6 per cent higher at US$754.7m while EBITDA doubled (+100.3 per cent) to US$155.9m. At the trading level, the first-quarter profit went from US$10.8m to US$64.9m and the net interest charge in the period dropped by 46.1 per cent to US$33.7m, giving a swing at the pretax level from a loss of US$50.7m to a US$30.5m profit and at the net attributable level the loss was replaced by a US$18.9m profit. Agg... |
Oman Cement Co 1Q16 profits up04 May 2016, Published under Cement NewsOman Cement Company has reported a profit after tax of OMR3.84m (US$9.97m) during 1Q16 as compared to OMR3.83m in corresponding period last year - showing a minor growth of 0.28 per cent. The company recorded a total sale of OMR15.8m in the three months ended 31 March 2016 as compared to OMR14.68m in the corresponding period of previous year. Meanwhile, the company says its new cement mill currently under construction at its Ghala-Rusayl complex, in northeastern Oman, is expected to be oper... |
Holcim Indonesia expects capacity up 12% in 201604 May 2016, Published under Cement NewsFollowing the acquisition of PT Lafarge Cement Indonesia, Holcim Indonesia increased its domestic production capacity by 1.6Mta to 15Mta, the company said in a statement. In addition, the cement producer’s 1.7Mta Tuban 2 cement plant is expected to be operational for its first full year in 2016 after coming online in August last year. Most of Holcim Indonesia’s production is sold in West Java, Jakarta and Banten, but the acquisition of Lafarge Cement Indonesia and the new works at Tub... |
Pakistan: Attock Cement receives PKR7bn to finance expansion04 May 2016, Published under Cement NewsAttock Cement Pakistan Limited (ACPL) has achieved another milestone of success by signing financial close amounting to PKR7bn (US$66.85m) to part finance new production line of 4000tpd of cement plant. The loan has been arranged by local Punjab Bank with the support of MCB Bank, Allied Bank, Askari Bank and United Bank Ltd. |