Cement News tagged under: corporate
PT Indocement03 September 2014, Published under Cement NewsPT Indocement has reported a three per cent increase in domestic sales volumes to 8.97Mt in 1H14, compared to the same period in 2013. Export sales volumes of cement came in seven per cent higher at 36,000t while clinker exports tumbled from 44,000t in 1H13 to just 7000t in the first half of this year. Over the period net revenue increased by 6.5 per cent to IDR9498.56bn while EBITDA fell by 5.8 per cent to IDR3202.19bn. The company has announced plans to invest US$150m in two new greenfi... |
Anhui Conch Cement Co03 September 2014, Published under Cement NewsAnhui Conch has posted a 22 per cent YoY increase in revenue to US$4.68bn in 1H14. Net profit was also up by an impressive 90 per cent to US$945m, on the back of increased sales volumes and prices. Over the same period, the company saw aggregate net sales volumes of cement and clinker rise by 9.85 per cent YoY to 114Mt. In the first half of 2014 Anhui Conch has continued its expansion by acquiring four cement projects, commencing work on three clinker production lines and as many as 10 gri... |
PT Semen Indonesia03 September 2014, Published under Cement NewsPT Semen Indonesia has posted a disappointing 12.8 per cent rise in revenue to IDR12.88trn (US$1.13bn) in 1H14, compared to growth of 31.9 per cent in the same period last year. Sales volumes during the period came in 4.6 per cent higher at 12.8Mt, but this was still far lower than the 18.5 per cent growth seen in the first half of 2013. Net profit reached IDR2.82trn, 9.3 per cent up YoY. Semen Gresik accounted the 54 per cent of sales, followed by Semen Padang with 26 per cent and Semen Ton... |
Dangote Cement03 September 2014, Published under Cement NewsDangote’s half-year pretax profit has fallen 0.57 per cent to NGN107.06 (US$659.4m), compared to the same period last year. Turnover edged up from NGN198.46bn to NGN208.91bn over the same period. By the end of this year the company expects to produce 29.2Mt of cement as the newly-installed lines C and D at its Ibesha plant in Ogun State come on-stream. Dangote subsidiary Sephaku Cement also launched clinker production at its 1.5Mta Aganang plant earlier this month. The company currently o... |
UltraTech Cement03 September 2014, Published under Cement NewsIn the first quarter of this financial year, UltraTech Cement has recorded a 14 per cent rise in net sales to INR5649 crore. During the period the company sold 11.7Mt of grey cement and clinker as the capacity utilisation rate improved to 84 per cent, compared to 76 per cent in the same period last year. Looking ahead the company is forecasting a 25 per cent increase in turnover in this financial year to INR25,000 crore as the country enjoys growing cement demand on the back of a boost in ho... |
PPC03 September 2014, Published under Cement NewsConstruction is due to begin this month on PPC’s new grinding plant in Harare. Around US$18m has reportedly been secured for the project with road access to the plant already in place. The company is also conducting a feasibility study into a further clinker plant in Mt Darwin in northern Zimbabwe. Meanwhile, in the Democratic Republic of Congo, PPC Barnet DCR has signed a contract with China’s Sinoma International Engineering Company for the engineering, procurement and construction of a... |
Lucky boosted by higher volumes and pricing03 September 2014, Published under Cement NewsPakistan’s largest cement producer, Lucky Cement, reported a net profit of PKR11.3bn (US$110.34m) for the fiscal ending 30 June 2014, up 16.4 per cent compared to PKR9.7bn in the previous year. Earnings growth was primarily supported by higher sales volumes and prices during the period. On a quarterly basis, earnings grew four per cent QoQ to PKR3.15bn. Revenue increased 14 per cent YoY to PKR43.08bn during FY14 because of a nine per cent rise in sales volumes to 6.62Mt and a 14 per ce... |
Eurocement appeals Supreme Court ruling on Ahangarancement03 September 2014, Published under Cement NewsThe Supreme Economic Court of Uzbekistan has received an appeal from Eurocement Group on the court's decision to annul the privatisation of Ahangarancement, in which the Russian producer holds a majority stake. On 21 July 2014, the Uzbek court declared Eurocement's 2006 privatisation of the cement plant invalid. Eurocement owns a 75 per cent stake in Ahangarancement, Uzbekistan's second-largest cement producer by capacity and market share. The ruling paves the way for the plant to be nation... |
Siam Cement outlines investment to strengthen ASEAN presence03 September 2014, Published under Cement NewsSiam Cement Group, Thailand's largest building materials company, is preparing to invest THB3.19bn (US$$100m) in its core business, part of the company's to strengthen its high-value-added products and boost its presence in the ASEAN region. "(Our aim is) to become an Asean sustainable business leader," said President and CEO Kan Trakulhoon in a statement About THB2.8bn of the investment is earmarked for mortar plants in the northeastern province of Khon Kaen and the northern province o... |
Semen Indonesia closing in on Bangladesh acquisition02 September 2014, Published under Cement NewsPT Semen Indonesia is trying to complete the acquisition of a Bangladesh cement company in the near future, said PT Semen Indonesia's Director of Business Development and Strategy, Johan Samudra. “As a business, the acquisition of the Bangladesh cement company is the best opportunity to be closing soon, and we have to be the majority shareholder,” he told the President Post on the sidelines of the State Owned Enterprises Forum in Jakarta last week. Samudra added that there is the possibilit... |