Cement News tagged under: corporate
Cemex to double capacity at Luzon cement plant, Philippines15 May 2015, Published under Cement NewsCemex announced yesterday that it is undertaking a new US$300m investment in the Philippines involving the construction of a new 1.5Mta line at is Solid Plant in Luzon. The investment will double the capacity of the Solid plant and will represent a 25 per cent increase in Cemex's capacity in the Philippines. With the recent visit of Fernando A. Gonzalez, Chief Executive Officer of Cemex and his executive team in the country, highlighted by a meeting with His Excellency President Benigno S.... |
Eagle Materials helped by addition of oil & gas15 May 2015, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March advanced by 18.1 per cent to US$1192.6m. Of this total turnover, cement represented 40.2 per cent, plasterboard accounted for 36.7 per cent, aggregates & concrete for 9.0 per cent, plasterboard liner for 7.3 per cent and oil & gas for 6.8 per cent. The trading profit rose by 34.6 per cent to US$302.30m, helped by the first significant contribution from oi... |
KHD's first-quarter revenue down, order intake increases15 May 2015, Published under Cement NewsKHD Humboldt Wedag reported a 15.4 per cent decline in revenue for 1Q15 to EUR50.7m compared to the first quarter of the previous year, while the order intake increased but was "still not entirely satisfactory," according to the German equipment supplier. Order intake was EUR58.3m for the January-March 2015 period, higher than the level reached in the first quarter of the previous year (EUR25.3m). Several investment decisions were delayed until the second half of 2015 by individual customer... |
Aboitiz plans to buy Lafarge Philippines assets15 May 2015, Published under Cement NewsPhilippine conglomerate Aboitiz Equity Ventures Inc said on Friday it had signed an agreement for a possible acquisition of Lafarge's local cement operations in partnership with CRH Plc. CRH had earlier agreed to buy for EUR6.5bn cement assets from Lafarge and Holcim Ltd., whose asset divestments are part of preconditions to winning regulatory approval for their merger. Both Lafarge and Holcim have cement assets in the Philippines. Aboitiz, which has investments in power generation and ban... |
Indocement shareholders approve disbursement of almost all 2014 profits as dividends15 May 2015, Published under Cement NewsDuring an annual shareholders meeting in Jakarta on Wednesday the shareholders of PT Indocement Tunggal Prakarsa approved the company’s proposal to pay dividends of about IDR4.96trn (US$381.9m) or IDR1350 per share, about 94 per cent of the profits recorded in 2014. Indocement booked IDR5.27trn in profits in 2014, a 5.2 per cent increase from IDR5.01trn in 2013. During 2014, the company’s net revenues totaled IDR19.99trn last year, an increase from IDR18.69trn in 2013, First-quart... |
Molins sees net 1Q15 profit up 132%14 May 2015, Published under Cement NewsSpanish cement producer Cementos Molins reported a net profit of EUR15.1m in 1Q15, up 132 per cent YoY from EUR6.5m in 1Q14. Although domestic sales improved by 7.1 per cent, the company said the advance was “insufficient”. EBITDA reached EUR2.1m, but net profit remained in the red. Its Mexican subsidiary Corporación Moctezuma posted a 37.3 per cent rise in sales while Argentina’s Cementos Avellaneda saw revenues increase by 51.1 per cent. In Uruguay, Cementos Artigos saw a 34.3 per cent i... |
Sabanci Holding posts 54% rise in first-quarter profit, Turkey14 May 2015, Published under Cement NewsSabanci Holding, whose business units include Turkish cement producers Akcansa and Cimsa, on Monday posted a 54 per cent rise in its first-quarter profit to TRL648.5m (US$241m). Revenue amounted to TRL2.48bn in the period, less than the TRL2.54bn in the same period last year, according to a filing with the stock exchange. |
Vulcan Materials sees good volume growth in most markets14 May 2015, Published under Cement NewsVulcan Materials, the largest US aggregates producer, generated a first-quarter turnover 9.9 per cent ahead at US$631.3m and EBITDA declined by 70.6 per cent to US$78.5m. At the trading level, the first quarter there was a US$10.8m profit compared with a US$194.7m profit a year earlier when there was a substantial capital gain from the sale of the cement operations, along with the ready-mixed concrete operations in Florida and southern Georgia, to Cementos Argos. The net interest charge i... |
Putney Capital Management announces acquisition in partnership with Argos14 May 2015, Published under Cement NewsPutney Capital Management LLC announced the acquisition of one of the main terminals for the reception, storage and distribution of cement in Puerto Rico. This strategic investment was made in partnership with Colombia's Cementos Argos (Argos), the fifth largest producer of cement in Latin America, and the second largest in the southeast of the United States with operations in Colombia, Central America, the US and the Caribbean. The terminal, acquired for total consideration of approx. US$... |
Shandong Shanshui Cement to issue CNY900m 366-day bills14 May 2015, Published under Cement NewsShandong Shanshui Cement Group Ltd, the subsidiary of China Shanshui Cement Group Ltd, has announced that it will issue CNY900m 9US$145.1m) unsecured short term bills with a maturity of 366 days on the interbank market on 20 May. The corporation 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 21 May and the to-be-issued bills tradable on 22 May. The proceeds ... |