Cement News tagged under: corporate
Qalaa Holdings first-half revenues up by a third, Egypt23 September 2015, Published under Cement NewsQalaa Holdings (formerly Citadel Capital) released its consolidated financial results for the quarter ending 30 June 2015, reporting revenues of EGP2086.8m, up 33.7 per cent compared to the same quarter of last year. In the second quarter alone, the energy and cement divisions contributed some 70 per cent of total revenues. On a six months basis, revenues climbed 37.8 per cent YoY in 1H15 to EGP4,034.3m. EBITDA meanwhile stood at EGP565.1m in the first half of 2015, a 169 per cent increa... |
PT Semen Baturaja eight-month net profit rises 27% YoY23 September 2015, Published under Cement NewsPT Semen Baturaja Tbk reported a 27 per cent YoY increase in net profit to IDR224.7bn (US$15.3m) in the first eight months of the year, with strong sales growth seen by the publicly-traded state company. Sales rose by 29 per cent YoY to 925,034t over the period under from review from 714,863t a year earlier. "The income of the companysurged 29 percent to IDR880.1bn from IDR682.3bn," Corporate secretary Zulfikri Subli told Antara news on Tuesday. Outlook confident Subli said the com... |
Confidence Cement plans expansion, Bangladesh23 September 2015, Published under Cement NewsBangladesh-based Confidence Cement Ltd is planning to double capacity from the existing 2000tpd to 4000tpd. The new project is scheduled for completion in 2016. During the first half of 2015, the company's revenue climbed 15.3 per cent YoY to BDT2.143bn (US$27.5m). Net profit dipped slightly to BDT152.3m versus BDT157.3m in the comparative period of the previous year. Confidence is the first private sector cement manufacturing company in Bangladesh, established in early 1990s with a capac... |
EPA announces a settlement with Lehigh Southwest, USA23 September 2015, Published under Cement NewsThe US Environmental Protection Agency (EPA) announced a settlement with Lehigh Southwest Cement Co for failing to properly report releases of toxic chemicals at its Cupertino, California, USA. The company is required to pay a US$47,600 penalty and spend US$144,250 to fund projects that support local emergency response and limit future releases from the plant. The EPA said in a statement that under the federal Emergency Planning and Community Right-to-Know Act (EPCRA), Lehigh was required t... |
Alkhalij to double its cement capacity22 September 2015, Published under Cement NewsPart of Qatari Investors Group, Alkhalij Cement Company will invest around US$800m in its second production line, which is scheduled to come on-stream in 1Q16. The new capacity will be built to maintain market share and meet the expected rise in cement demand, which has been boosted by major construction and infrastructure projects. Firas Tayssir Ibrahim, chief administration officer of Qatari Investors Group, said: "The unprecedented growth in Qatar's construction remains as the primar... |
DG Khan Cement has strong FY1522 September 2015, Published under Cement NewsDG Khan Cement, part of the Nishat Group, has posted net earnings of PKR7.63bn (US$73.1m) in the year ending 30 June, up 28 per cent compared to full-year earnings of PKR5.97bn in the same period of last year. The company runs a total of 4.2Mta of production capacity in three cement plants with two located in Dera Ghazi Khan and one in Khairpur district, Chakwal. The key reasons behind the earnings performance included an improvement of 80 basis points YoY in gross margins to settle at 42.... |
Sri Lanka: Holcim village inaugurated by President22 September 2015, Published under Cement NewsSri Lanka's President Maitripala Sirisena inaugurated Holcim Village in Akmeemana, Galle, this week. The initiative was constructed and conceived by Holcim under its Sustainable Development Project and following its pledge for Livable Communities. Akmeemana Holcim village consists of 14 households and is the fourth settlement of its kind. The project cost the firm LKR14m (US$99,971). The Galle project has been constructed following similar projects in Medirigiriya, Eluwankulama and Puttal... |
Italcementi disposes of WCC stake21 September 2015, Published under Cement NewsItalcementi Group, via its affiliate CimFra (China) Ltd SAS, has disposed of its 5.24 per cent stake in West China Cement (WCC) for an upfront consideration of HKD341m, equivalent to approximately EUR38.5m, subject to later adjustments through a derivative contract with Credit Agricole CIB. The disposal of the minority WCC stake has no impact on EBITDA generation capacity at group level, Italcementi said in a statement on Friday. |
Lafarge Malaysia Bhd to acquire Holcim Malaysia21 September 2015, Published under Cement NewsLafarge Malaysia Bhd plans to acquire Holcim (Malaysia) Sdn Bhd, for MYR330m (US$77.4m) cash, as part of parent company LafargeHolcim Ltd’s plans to consolidate operations in the southeast Asian country. In a filing with Bursa Malaysia today, Lafarge Malaysia said it has entered into a conditional share purchase agreement with Holcim Indonesia for the proposed acquisition. Lafarge Malaysia said it plans to finance the purchase consideration via a combination of internal funds and/or bank b... |
San Miguel Corp to up investment spend21 September 2015, Published under Cement NewsPhilippine conglomerate San Miguel Corp said on Monday it is raising planned investment in cement manufacturing to almost US$1bn with the addition of three new cement plants to two previously announced facilities. President Ramon Ang outlined the investment at a briefing following the listing of San Miguel's PHP33.5bn (US$720m) worth of newly issued preferred shares. Ang said in July San Miguel was building two cement plants, worth US$800m, expected to be completed in 2017. (Source: Reute... |