Cement News tagged under: corporate
Honduras: Goldlake invests US$230m in 1.2Mta plant07 August 2015, Published under Cement NewsItaly’s mining company Goldlake will invest US$230m in a new cement plant via its local subsidiary Five Star Mining. The 1.2Mta works in the Agalteca valley will produce sulphate-resistant cement for marine infrastructure projects. The project is currently applying for operating permits following the submission of feasibility and environmental impacts studies. The start of construction is expected this month. Cement from the works will be delivered not only within Honduras, but also sh... |
National Cement Co first half ahead 4.7%07 August 2015, Published under Cement NewsNational Cement Co (NCC) posted a net profit of AED70.2m (US$19.11m) in the first half of 2015, a rise of 4.7 per cent from AED67m (US$18.24m) in the corresponding period from last year. NCC’s profits for Q2-15 saw a marginal increase to AED33.73m compared to AED33.13m in the same period in 2014, according to a filing to the Dubai Financial Market (DFM) on Thursday. The cement firm previously posted a 7.4 per cent rise in net profits for 1Q15 to AED36.46m compared to AED34m in 1Q14. |
RAK Cement reports first-half profit drop07 August 2015, Published under Cement NewsRas Al Khaimah Cement reported a 22.3 per cent profit drop to AED2.45m ($667,000) in the first half of 2015, compared to AED3.15m (US$858,000) in the same period of 2014, according to a filing to the Abu Dhabi Securities Exchange. |
CalPortland Co to buy Martin Marietta's California cement business06 August 2015, Published under Cement NewsTaiheiyo Cement Corp announced Tuesday that its California subsidiary CalPortland Co (CPC) will buy Martin Marietta Materials Inc's cement business in California for US$420m. Major assets included in the deal are the Oro Grande cement plant (situated near the major market of Los Angeles) and the Stockton and San Diego cement terminals. "This asset purchase from Martin Marietta will allow CPC to replace the cement production capacity lost by the discontinuation of cement production ... |
HeidelbergCement BB+ confirmed on Italcementi deal - Fitch06 August 2015, Published under Cement NewsUS ratings agency Fitch has confirmed the 'BB+' rating on German cement maker HeidelbergCement (HC), with outlook stable, following the company's announced purchase of Italian peer Italcementi. HeidelbergCement intends to finance the EUR4.3bn eal (including Moroccan minorities) with EUR800m in shares sold to the seller, EUR1bn in disposals, EUR800m in capex and working capital savings and the remaining EUR1.7bn through a combination of operational cash flow and additional debt. "The affirm... |
Asia Cement 1H profit plunges, China06 August 2015, Published under Cement NewsAsia Cement (China) said its profit attributable to owners for the six months ended 30 June 2015 plunged 97.4 per cent YoY to CNY9.85m, attributable to the decrease in average selling price of the company's products. The revenue was CNY3006m, a decrease of 23.1 per cent from a year earlier. The gross profit margin on revenue dropped to 14 per cent from 24 per cent. |
Bolivia: Fancesa launches tender for new works06 August 2015, Published under Cement NewsBolivia’s Fábrica Nacional de Cemento SA (Fancesa) has launched the international tender process for its new US$227m cement plant in Sucre. The 2Mta works is the latest step in capacity expansion for the cement producer. On 19 May 2014, Bolivia’s president, Evo Morales, inaugurated a new line at the company’s Sucre works. |
Steppe Cement names new chairman06 August 2015, Published under Cement NewsSteppe Cement Ltd on Monday said it has appointed Paul Rodzianko, independent non-executive director, as its independent non-executive chairman. Rodzianko is currently the chairman of Steppe Cement's audit committee and a member of its nomination and remuneration committees. The new chairman is taking over from Malcolm Brown, who retired on 28 May due to health reasons. |
Gulf Cement 1H profit down 29%, UAE06 August 2015, Published under Cement NewsGulf Cement Company reported a 29.34 per cent drop in first-half profit drop to AED30.89m (US$48.4m), compared to AED43.7m (US$12m) in the same period of 2014. On a more positive note, second quarter profit increase from AED15.75m versus AED9.3m in 2Q14 according to Abu Dhabi Securities Exchange. The company previously reported profits of AED15.14m in 1Q15, compared to AED53m in 1Q14, registering a sharp decline of 71.4 per cent YoY. Gulf Cement Co's plant in Ras Al Khaimah started with... |
Buzzi Unicem: strong growth in America05 August 2015, Published under Cement NewsBuzzi Unicem's first-half turnover improved by 4.9 per cent to EUR1238.2m and EBITDA rose by 20.3 per cent to EUR166.6m. The depreciation and impairment charges came down by 22.4 per cent to EUR96.5m as the writing off goodwill in Ukraine was not repeated. The first half trading profit recovered further from EUR14.1m to EUR70.1m, but the interest charge rose by 10.3 per cent to EUR51.8m and the pretax loss of EUR11.1m a year ago was turned into a profit of EUR54.1m. After a tax charge 82... |