Cement News tagged under: corporate
Holcim Philippines reports double-digit rise in net profit30 October 2015, Published under Cement NewsHolcim Philippines’ profits for the nine months of 2015 grew by 12.67 per cent to PHP4.55bn (US$97.2m) from PHP4.04bn last year. Sales reached PHP27.99bn, up 9.44 per cent from a year earlier. Cement demand was healthy nationwide and strongest in the Visayas and Mindanao, driven by both private and public sector demand. Holcim Philippines Country CEO Eduardo A. Sahagun said the company’s third quarter results were made possible by the improved performance of the plants, which can no... |
Cementos Pacasmayo EBITDA up 14.4 %30 October 2015, Published under Cement NewsPeru-based Cementos Pacasmayo's consolidated EBITDA in the 3Q15 increased 14.4 per cent to PEN99.6m (US$30.3m) in 3Q15 from PEN87.1m in 3Q14, giving an EBITDA margin of 31.8 per cent versus 27.5 per cent in 3Q14. Revenues fell one per cent from 3Q14. Net income increased 36.5 per cent to PEN55.3m in 3Q15 from PEN40.5m in 3Q14. During the third quarter, the company's Piura cement plant began cement production on time and under budget. The final stage of ramp-up is on track, Pacasmayo added.... |
Anhui Conch Cement reports decline in operating profit30 October 2015, Published under Cement NewsOperating profit at Anhui Conch Cement fell 31 per cent YoY to CNY7.05bn (US$1.1bn) in the nine months through September on the back of weaker demand and pricing competition. Revenue dropped 13 per cent to CNY37.9bn, the Shanghai-listed company reported Tuesday. |
CIMAF inaugurates Cameroon plant30 October 2015, Published under Cement NewsCiment de l’Afrique (CIMAF), a subsidiary of the Addoha Group of Morocco, has opened its new factory in Cameroon. The new plant, located in the industrial area of Bonaberi in Douala, was inaugurated by the Prime Minister of Cameroon, Philemon Yang. Commissioning of the plant comes nearly a year after the start of cement production by the plant with a current capacity of 500,000tpa. |
SCCC third-quarter net profit down on weaker demand and pricing29 October 2015, Published under Cement NewsSiam City Cement Co (SCCC) of Thailand posted a 3Q15 net profit of THB823m (US$23.1m), falling 22 per cent YoY. Lower domestic cement demand and selling price led the company's income to fall five per cent YoY to THB7419m. Although exports to neighbouring countries (eg, Cambodia, Myanmar, and Laos) grew, it was not strong enough to offset declining domestic sales as price competition intensified, thus depressing 3Q15 gross margin to 43.1 per cent. During the year, cement demand perform... |
HAZEMAG supplies Lehigh Cement (USA)29 October 2015, Published under Cement NewsLehigh Cement Company (Heidelbergcement Group) ordered a semi-mobile limestone crushing plant at HAZEMAG for its Union Bridge works, USA. The plant will process up to 2500tph of limestone with a feed size of up to 2000mm. The material is discharged by means of a HAZEMAG apron feeder HAF 25160 from a 400t feed hopper. The fines in the feed material are screened at 100mm on a HAZEMAG roller screen HRS 2638. The HAZEMAG primary impact crusher HPI 2230 crushes the material down to D99 <125mm. ... |
Oman: OCC net profit impacted by gas price hike29 October 2015, Published under Cement NewsOman Cement Co (OCC) reported a 38.7 per cent fall in net profit for the nine-month period ended 30 September 2015, mainly due to the increase in gas prices from the beginning of this year. During the period net profit dropped to OMR6.99mnfrom RO11.41mn a year earlier. The decrease in profit is mainly due to higher energy costs incurred by the company as a result of the doubling of gas prices. “The decline in market value of the company's investments also had an adverse impact on performa... |
LafargeHolcim reportedly plans to launch downsizing plan in Spain29 October 2015, Published under Cement NewsLafargeHolcim plans to launch a downsizing plan for 15 per cent of its workforce in Spain, according to local press reports. The launch of the downsizing plan was attributed to the difficulties that the company faces in Spain, due to the low cement demand in the country and the overlapping of workforces following the merger of Lafarge and Holcim, market sources said. LafargeHolcim currently has a workforce of 1000 employees in Spain and its annual revenues in the country amount to EUR300... |
Penta Machinery is the new Distributor for Terex MPS Products in Uganda and Kenya29 October 2015, Published under Cement NewsTerex® Minerals Processing Systems, a leader material processing technology for modular, portable and static crushing and screening equipment, announced the appointment of Penta Machinery as a new Distributor for Kenya and Uganda. Penta Machinery will now provide coverage for new equipment purchases and service and support in Kenya and Uganda. Customers’ needs will be met by a dedicated team who have been fully trained to provide the exceptional levels of customer support for which the Tere... |
Peru: Unacem nine-month net income up 16.2%28 October 2015, Published under Cement NewsPeru's largest cement producer Unacem boosted net income by 16.2 per cent over the nine months to the end of September 2015 due to higher prices and lower costs. Unacem posted a PEN176m (US$55m) profit as sales rose 5.5 per cent to PEN1.37bn in the first three quarters of this year, the Lima-based company said in a corporate filing to securities regulator SMV. The company said it cut operating costs by 5.7 per cent and sales costs by 0.6 per cent. Cement production rose 6.4 per cent to ... |