Cement News tagged under: corporate
PIBTL board approves terminal capacity expansion, Pakistan27 February 2015, Published under Cement NewsThe board of directors of Pakistan International Bulk Terminal Ltd (PIBTL) on Wednesday approved the expansion of overall handling capacity at the terminal from 12Mta to 16Mta. PIBT is being set up as the country’s first terminal for handling coal, clinker and cement on a build, operate and transfer (BOT) basis. The terminal will be situated at Port Qasim, 50km from Karachi on the coast of the Arabian Sea. PIBT will be able to handle and deliver coal to cement and power companies by ra... |
Suez Cement Group sees 4Q gains27 February 2015, Published under Cement NewsWith improved market conditions, Suez Cement Group of Companies (SCGC) of Egypt saw a 2.5 per cent increase in fourth-quarter revenues to EGP1.539m and progress in EBITDA which gained 11.5 per cent to EGP300m. Net profit after non-controlling interest increased 15.2 per cent during the same period to EGP129m. For the whole year, the Italcementi group company reported that sales increased 22 per cent to EGP6.52m, while recurring EBITDA improved 8.8 per cent to EGP1.154m compared to 2013 fig... |
Spain: Portland Valderrivas reduces full-year loss27 February 2015, Published under Cement NewsCementos Portland Valderrivas reported a EUR52.3m loss in 2014, around 27.3 per cent less than the previous year. The company attributed the improved result to the recovery of the Spanish economy which was reflected in a rise in public tenders, boosting in turn cement consumption. Cementos Portland Valderrivas reported a net operating profit of EUR35.9m, against a net operating loss of EUR24.2m the previous year. Revenues increased 0.4 per cent to EUR542.9m as the company divested from n... |
FECTO reports first-half loss, Pakistan27 February 2015, Published under Cement NewsPakistan-based cement producer FECTO Cement reported a 10.22 per cent drop in profit for the first six months of the current fiscal to PKR284.6m (US$2.8m). In a communication to the Karachi Stock Exchange, FECTO reported a slight rise in net sales to PKR2.39b from PKR2.32bn a year ago. The company incurred administrative expenses of PKR105.7m and distribution costs of PKR99.5m, compared to PKR85.4m and PKR107.2m in the comparative period of FY13-14. FECTO Cement operates a 0.78Mta cement p... |
CRH earnings up 11%26 February 2015, Published under Cement NewsCRH’s turnover increased by 4.9 per cent in 2014 to EUR18,912m while the EBITDA advanced by 11.3 per cent to EUR1641m. The trading profit before charging EUR49m of impairments rose by 28.8 per cent to EUR966m. The net interest charge declined by 1.2 per cent to EUR246m and a EUR77m gain on disposals, compared with EUR26m in 2014, led to a pre-tax profit of EUR761m compared with a loss of EUR215m in 2013. The net attributable result swung from a EUR296m loss to a profit of EUR582m. Net d... |
Cementos Argos’ net profit surges 59%26 February 2015, Published under Cement NewsColombia’s leading cement producer, Cementos Argos, said net profit jumped 58.8 per cent YoY in 2014, closing the year with record figures. Profit was up to COP291bn (US$145m), compared with the COP183bn registered in 2013. Operating income was up 16.8 per cent to COP5.8trn (US$2.9bn), EBITDA rose up 8.4 per cent to COP1.06trn (US$534m). Cement sales increased by eight per cent YoY to 12.5Mt, while concrete sales jumped 18 per cent to 11Mm 3 . Argos CEO, Jorge Mario Velásquez, commen... |
Caribbean Cement Co returns to pretax profit26 February 2015, Published under Cement NewsCaribbean Cement Company Ltd (CCCL) posted a pretax profits of $255m compared to a loss of $3m the previous year. The company said its performance was assisted by a new record year for sales which climbed from $12bn to $14.3bn. Domestic cement sales volumes only rose by one per cent to 594,164t, while cement exports inched up to 232,765t. Clinker exports, however, quintupled to 155,423t because of a supply agreement with Venezuela. Parent company Trinidad Cement Ltd earlier declared a T... |
Holcim Philippines income and revenues rise 13% YoY26 February 2015, Published under Cement NewsHolcim Philippines posted another record performance last year with a double-digit rise in sales on the back of strong and private infrastructure spending. The company said that its net income rose by 13 per cent to PHP5.14bn from the previous year’s PHP4.55bn. Revenues also advanced 13 per cent to PHP32.64bn from last year’s PHP28.89bn, the company said. “The healthy economy continues to provide opportunities for our business to thrive. Last year, with the sustained construction boom, ... |
Kuwait: Hilal Cement books full-year net loss26 February 2015, Published under Cement NewsKuwaiti cement producer Hilal Cement booked a net loss of KWD374,000 (US$1.3m) in 2014, versus a net profit of KWD518,500 a year earlier, the company said in a bourse statement. The loss per share stood at 5 fils, compared to earnings per share of 7 fils. For the final quarter of 2014, Hilal Cement registered a net loss of KWD92,000, versus a net profit of KWD241,600 in 2013. The company attributed the lower performance to higher sales costs and administrative expenses, coupled with a dec... |
Egypt: ACC secures loan to part-finance expansion26 February 2015, Published under Cement NewsArabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing. The loan is to be repaid over a period of five years, including a one-year grace period. The cement firm said it will use the loan to finance part of the first phase of an expansion project to enhance grinding capacity. |