Cement News tagged under: corporate
Pioneer Cement to install WHR plant, Pakistan24 July 2015, Published under Cement NewsPioneer Cement Ltd plans to install a 12MW waste heat recovery plant at its factory located at Chenki Village, District Khushab in the Punjab province of Pakistan. During the period ended on 31 March 2015, the company produced 736,510t of clinker, a decline of 12.4 per cent (or 104,668t) compared to the 841,178t produced in the corresponding period of last year. Capacity utilisation declined by seven per cent YoY to 49.2 per cent due to the availability of sufficient stock at the start of ... |
UAE: Union Cement Co 1H profit declines 8%24 July 2015, Published under Cement NewsUnion Cement Co (UCC) reported an eight per cent decline in its profits for the first six months of 2015 to AED54.7m (US$14.89m), compared to AED59.4m (US$16.16m) in H1-14, the company said in its filing to the Abu Dhabi Securities Exchange (ADX) on Thursday. UCC achieved revenues of AED314.7m during the six-month period in 2015, a decline of 3.7 per cent from AED326.7m in the same period last year, attributed to lower sales volumes. Cost of sales fell 3.62 per cent to AED234.88m, compared... |
HeidelbergCement clarifies reports on Lafarge's Indian assets24 July 2015, Published under Cement NewsFollowing local press reports, HeidelbergCement has said it is not buying Lafarge’s assets in eastern India. The Bombay Stock Exchange had sought clarification from HeidelbergCement India Ltd with regard to a news article that appeared in the The Financial Express yesterday titled: "Heidelberg likely to acquire Lafarges eastern India units." HeidelbergCement India Ltd replied stating: "Kindly note that HeidelbergCement India Limited is not considering any such proposal at the moment.... |
Cemex 2Q like-for-like net sales up 5%23 July 2015, Published under Cement NewsCemex announced yesterday that consolidated net sales reached US$3.8bn during the second quarter of 2015, representing a decline of eight per cent YoY, or an increase of five per cent on a like-for-like basis for ongoing operations and adjusting for currency fluctuations. The increase was due to higher prices, in local currency terms, in most operations, as well as improved volumes in most products in Mexico, US and northern Europe and Asia regions. Operating EBITDA increased by one per ce... |
Caribbean Cement Co swings to first-half profit, Jamaica23 July 2015, Published under Cement NewsCaribbean Cement Co Ltd (CCCL) reported a consolidated profit of JMD869.3m (US$7.42m) for the first six months of 2015, compared to a loss of JMD53.2m in the corresponding period of 2014 – an improvement of JMD922m. The TCL group company said revenue during the first half of this year rose by four per cent (or JMD276m) over the period, mainly driven by improved domestic sales volumes and increased clinker exports which compensated for the decline in cement exports. EBITDA increased by JMD8... |
Costa Rica is the strongest performer in Cemex Latin American Holdings23 July 2015, Published under Cement NewsCemex Latin American Holdings' first-half turnover declined by 13.4 per cent to US$747.6m, while the EBITDA came off by 16.6 per cent to US$283.1m. At the trading level there was an 18.6 per cent reduction to US$191.7m. After a net interest charge 14.8 per cent lower at US$40.6m, the pre-tax profit emerged 22.9 per cent lower at US$142m. The net attributable profit fell by 32 per cent to US$82.4m. Net debt at the end of June was 8.6 per cent lower than a year earlier at US$1077m, givin... |
Peru: Unacem 1H15 net profit up 23%23 July 2015, Published under Cement NewsPeru-based producer Unacem reported a 23 per cent rise in its net profit for the first half of 2015 to PEN151m (US$47.4m) largely attributed to cost controls. Lower operational costs (-9.1 per cent) saw operating profit rise to PEN455.7m, up 93.4 per cent when compared with !H14. However, higher financial costs (+107 per cent to PEN114.1m) and exchange losses (-PEN181m) had a negative effect. Nevertheless, 2Q15 sales edged up 6.7 per cent to PEN475.6m and by 9.5 per cent to PEN957.6m ... |
Tangshan Jidong Cement Co to issue CNY1bn 366-day bills23 July 2015, Published under Cement NewsTangshan Jidong Cement Co, based in Tangshan, Hebei Province, has announced that it will issue CNY1bn (US$161m) unsecured short term bills with a maturity of 366 days on the interbank market on 29 July 2015. The company said in a statement that the bills will be issued at the face value, and the coupon rate determined in the process of bookbuilding. Both value date and payment due date is set on 30 July, and the to-be-issued bills tradable on Jul 31. The proceeds from the issue will be ... |
China Shanshui shareholders mull takeover bid22 July 2015, Published under Cement NewsChina Shanshui Cement Group Ltd said two of its largest shareholders are considering a takeover bid, Bloomberg reports. Asia Cement Corp of Taiwan and China National Building Material Co, which together own about 38 per cent of Shanshui Cement, are considering a general cash offer to acquire the shares they don’t already control, the companies said in a statement to Hong Kong’s exchange Tuesday. The proposal by Asia Cement and China National Building Material escalates the fight for contr... |
AI takes ownership of Lafarge Cement assets22 July 2015, Published under Cement NewsAggregate Industries, part of the LafargeHolcim group, is the newest entrant to the cement production market in the UK, having taken ownership of the Cauldon and Cookstown cement plants in the UK. The acquisition of these two plants, along with a quarry at Cauldon Low and a cement terminal at Belfast Docks, was finalised on Monday and involved the transfer of 250 employees from the existing operations to Aggregate Industries. Becoming a cement producer and supplier is the final piece in ... |