Cement News tagged under: corporate
Lafarge EBITDA up EUR52m in 1H1529 July 2015, Published under Cement NewsLafarge's cement volumes for the second quarter of 2015 were down three per cent due to a fall in export sales as the two per cent volume rise in domestic markets could not entirely offset the decline overseas. Volumes were supported by continuing positive trends in many markets such as Romania, the Philippines, Egypt or Canada while adverse weather limited growth in the United States. There was also ramp-up of new capacities in Rajasthan (India) and Russia to offset the impact of subdued m... |
Morocco: Cimar sees 10% net profit rise in 1H1529 July 2015, Published under Cement NewsCiments du Maroc (Cimar) reported a 7.6 per cent YoY rise in turnover to MAD1.93bn (US$197m) for the first half of 2015. The positive sales figures in Doukkala-Abda region, which advanced by 20.4 per cent, contributed significantly to keep sales stable for the Moroccan cement producer, despite a 1.3 per cent contraction in the domestic market. In addition, the company also benefitted from a 27 per cent rise in ready-mix concrete and aggregates sales in this period when compared with 1H14.... |
USA: Essroc acquires slag cement grinding unit from Holcim29 July 2015, Published under Cement NewsEssroc has signed an agreement to acquire the slag cement grinding facility located in Camden, New Jersey, US from Holcim (US). As part of the transaction, Essroc will also obtain Holcim’s cement terminal in Everett, Massachusetts, US. Upon completion of the transaction, Holcim’s staff in Camden and Everett will join Essroc. The acquisition is expected to be completed later 2015. |
Ambuja cement 2Q15 profit declines 45%28 July 2015, Published under Cement NewsAmbuja Cements Ltd reported a 45 per cent drop in net profit for the quarter ended June on account of a lower operating profit and a INR220m (US$3.4m) depreciation charge. The company posted a net profit of INR2.2635bn compared with INR4.087bn in the year-ago period. Net sales for the April-June quarter were reported at INR24.9276bn, eight per cent lower from INR27.0635bn reported a year back. EBITDA fell 34.7 per cent to INR03.84bn. “The quarter witnessed muted cement demand. Sales volum... |
Vietnam Yen Binh Cement posts VND278bn revenue in 1H1528 July 2015, Published under Cement NewsYen Binh Cement JSC reported revenues of VND278bn (US$12.74m) in the first half of this year, thanks to its expanding markets. In the period, the firm sold 308,000t of cement and exported 480,000t of clinker, fulfilling 40 per cent of the whole-year target. The firm also contributed VND16bn to state budget in the six-month period. The firm produced 400,000t of cement in the six-month period, meeting demand in Yen Bai province and neighbouring provinces of Ha Giang, Tuyen Quang and Lai Ch... |
Yugcement re-elects Supervisory Board chairman Zelano28 July 2015, Published under Cement NewsIn an extraordinary meeting on 16 July the shareholders of Yugcement (formerly Olshansky cement plant, Mykolaiv region – part of the Dyckerhoff Group) re-elected Paola Zelano to chair its supervisory board for three years, the company said in the press release. Zelano has occupied the post since February 2014. In addition, the shareholders replaced deputy board member Serhii Dzuzyanyi with Karl Heinz Paul Richard Kasch, and re-elected supervisory board member Plack Heiko Otto. As Ukrain... |
Indonesia: Holcim's Tuban II plant will raise exports27 July 2015, Published under Cement NewsPT Holcim Indonesia Tbk is on course to open the new Tuban II plant at the end of 2015 with an investment of US$350m. The new plant will help the company to explore more markets overseas as the combined capacity of Tuban I and II rises to 12.5Mta. PT Holcim Indonesia has a strategy to go after new business in the region. The company will seek to increase market penetration in a number of areas in East Java and outside Java such as in Kalimantan. Diah Sasanawati, corporate communications man... |
Trinidad Cement secures US$240m bridging facility27 July 2015, Published under Cement NewsTrinidad Cement (TCL) has signed a US$240m bridging facility made up of two parts, according to Trade Finance. TCL said the loans are required to repay existing debts. The cement manufacturer sealed the loans last month with short tenures. Citi is the main underwriter and Credit Suisse is also participating. One loan is for US$20m with a six-month term, while the other is for US$220m with a nine month tenure. |
China: Asia Cement gives 1H net profits warning27 July 2015, Published under Cement NewsAsia Cement said it expects to record a substantially lower net profit for the six months ended 30 June 2015 as compared with the same period in 2014. The decrease in net profit in first half of 2015 was primarily attributable to the decrease in average selling price of the company's products compared with that of the corresponding period of the previous year. It is expected the interim results announcement will be issued by the end of August. |
Peru: Cementos Pacasmayo expands consolidated EBITDA margin24 July 2015, Published under Cement NewsPeruvian producer Cementos Pacasmayo's consolidated EBITDA increased 8.4 per cent to PEN178.5m (US$59m) in the first half of this year from PEN169.7m in 1H14, achieving a margin of 31.5 per cent compared with 27.3 per cent a year earlier. Net income increased 19.4 per cent to PEN96.5m. Gross margin increased to 43.1 per cent in 6M15 from 40.5 per cent in 6M14. Second-quarter results were impacted by continued weakness in cement demand from the public sector. This led to a 9.4 per cent ... |