Cement News tagged under: corporate
Cimaf inaugurates Ouadgadougou works13 March 2015, Published under Cement NewsMorocco’s Ciments de L’Afrique (Cimaf) is close to inaugurating its Ouagadougou plant in Burkina Faso. The 0.5Mta works represents an investment of XOF25bn (US$40m), according to local press reports. Cimaf will be able to double its capacity to 1Mta under the right market conditions and also export, according to the CEO of the group, Anas Sefrioiui. It is the fourth cement plant to start up in the west African country, after Diamond Cement (owned by India’s Wacem), HeidelbergCement’s C... |
PPC continues to study AfriSam proposal, South Africa12 March 2015, Published under Cement NewsPPC said that its board is continuing to consider the indicative non-binding proposal from AfriSam Group for a merger between the two South African cement producers. The company said it would make a further announcement in due course once its board had concluded the consideration process. “Shareholders are hereby advised that the Board is continuing to consider the indicative proposal and PPC will make a further announcement in due course once it has concluded its consideration proces... |
Australia: Boral set for building price boost12 March 2015, Published under Cement NewsPrice increases for building materials products suggest Boral Ltd shares could go higher, says Deutsche Bank. Dow Jones reports that the broker notes suppliers of construction materials such as cement are targeting price increases of 8-20 per cent from April. "While price increases were relatively unsuccessful in 2014, we believe there is a greater likelihood of success this year given demand conditions are more robust, and industry discipline appears to have improved (particularly in Que... |
Vicat shows good profit growth in the USA, India and Africa11 March 2015, Published under Cement NewsVicat’s turnover increased by six per cent in 2014 to EUR2422.7m and the EBITDA emerged 3.6 per cent ahead at EUR442m, while at unchanged parameters the increases would have been eight and seven per cent respectively. The trading profit rose by 12.3 per cent to EUR263.1m.The net financial charge was 8.2 per cent higher at EUR47.6m and after a slightly higher contribution from associates the pre-tax profit improved by 12.5 per cent to EUR203m. After a lower effective tax charge of 29.3 per... |
ASEC Engineering wins Ethiopian plant management contract11 March 2015, Published under Cement NewsASEC Engineering and Management, a subsidiary of Egypt's Qalaa Holdings (formerly Citadel Capital), has signed a plant management agreement with Ethiopia’s National Cement Share Company. The one-year contract is renewable for a five-year term, according to ASEC. It will provide full technical assistance to National Cement Share Company, one of the largest producers of cement in Ethiopia, for the operation and maintenance of the cement plant. The Egyptian firm will also utilise its know-... |
Cementir performs well in Denmark11 March 2015, Published under Cement NewsCementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but EBITDA improved by 13.4 per cent to EUR192.4m. The trading profit advanced by 35.7 per cent to EUR104.1m and the pretax profit rose by 57.5 per cent to EUR99.5m. Net attributable profit recorded a 78.5 per cent advance to EUR71.6m. Net debt at the end of 2014 was 14.3 per cent lower at EUR278.3m, giving a modest gearing level of 26.7 per cent as shareholders’ funds increased by 9.3 per cent. Capital investme... |
Macedonia: Usje's unconsolidated net profit falls11 March 2015, Published under Cement NewsMacedonia's sole cement producer Usje said on Tuesday its unconsolidated net profit fell five per cent to MKD1.46bn (EUR23.7m) in 2014. Operating revenue rose two per cent to MKD4.12bn last year, while operating costs were two per cent lower at MKD2.56bn, Usje said in an unconsolidated financial statement filed with the Macedonian Stock Exchange. Usje is owned by Greek building materials manufacturer Titan Cement. |
Semen Baturaja full-year profit advances 5%10 March 2015, Published under Cement NewsState-owned cement producer PT Semen Baturaja Tbk reported a five per cent increase in net profit to IDR328.336bn (US$25m) in 2014 from IDR312.184bn in the previous year. Operating income rose four per cent YoY IDR1.215trn in 2014. Company`s president director Pamudji Rahardjo said the 2014-2017 period will be important for Indonesia given the implementation of the government's Master Plan of Acceleration and Expansion of Indonesian Economic development especially in the infrastructure sect... |
Bosnia: TCK expects flat output10 March 2015, Published under Cement NewsBosnia's Tvornica Cementa Kakanj (TCK), part of the HeidelbergCement Group, sees its cement output flat this year after producing 420,000t in 2014, the company's director said. “Our cement production fell by around 10 per cent in 2014, which was probably the most difficult year since the war for the Bosnian economy and its citizens as the country went through political turmoil in February followed by record floods in May and in August and elections in October,” Branimir Muidza told SeeNews ... |
China Resources Cement net rises 26% YoY10 March 2015, Published under Cement NewsChina Resources Cement (CRC) announces that it made HKD4.21bn (US$ 542.6m) net profit in 2014, up 26 per cent YoY. Earnings per share were 64.4 HK cents. The company gained HKD 32.67bn in incomes last year, up 11.3 per cent YoY. Gross profits increased 22.3 per cent to HKD10.23bn and gross profit margin rose from 28.5 per cent to 31.3 per cent thanks to price and sales increases. Analysts at Jefferies International said CRC's FY14 earnings were just slightly below consensus estimates, ... |