Cement News tagged under: Corporate
Asia Cement (China) first-half profit rises07 August 2014, Published under Cement NewsAsia Cement (China) said its profit attributable to owners for the six months ended 30 June 2014 rose 49.7 per cent YoY to CNY383m (US$62m). Revenue increased by 23 per cent YoY to CNY3.91bn. The gross profit margin on revenue rose to 24 per cent from 18 per cent. The growth in net profit was mainly attributable to the increase in sales volume and average selling price of Asia Cement's products versus the comparative period of last year. Cement and clinker sales rose 14 per cent YoY to ... |
Semen Indonesia outlines 2015 capex07 August 2014, Published under Cement NewsSemen Indonesia has earmarked US$500m in capex next year in anticipation of an increase in infrastructure projects over the next five years, its president director has said. Dwi Soetjipto told the Jakarta Post that the state-owned cement producer will use the investments to build or upgrade cement plants and to improve the company’s distribution network. Dwi added that the company aims to produce 40Mta of cement by 2017. He expects demand to jump over the 2014-19 period due to infrastruct... |
Adelaide Brighton downstream acquisitions, Australia07 August 2014, Published under Cement NewsAdelaide Brighton Ltd has acquired two integrated aggregates and readymix concrete businesses, one in South Australia and the second in Queensland, progressing its long-term vertical integration strategy of buying downstream construction materials businesses. In South Australia, in addition to the recently announced Penrice quarry acquisition, Adelaide Brighton has entered into a contract to purchase Direct Mix Concrete and Southern Quarries (DMC), the largest independent aggregates and... |
Holcim06 August 2014, Published under Cement NewsThe proposed merger with Lafarge in 2015 is likely to result in the sale of Holcim's operations in France, other than the Atkirch works and the operations in the Haut Rhin market, plus Hungary, Serbia, Canada and Mauritius. The future of the assets in The Philippines and Brazil has yet to be agreed with the competition authorities. In the first six months of the year, India’s Ambuja Cement's turnover rose by 9.4 per cent to INR53.48bn (US$874m/EUR653m) and EBITDA improved by 9.2 per cent t... |
Cemex06 August 2014, Published under Cement NewsCemex' first-half turnover improved by 5.7 per cent to US$7.737bn and EBITDA edged ahead by 1.5 per cent to US$1.27bn, while the trading profit improved by 4.5 per cent to US$721.5m. Net interest payments rose by 15.1 per cent to US$841.4m and, after other charges, there was a pretax profit of US$49.2m compared with a US$118.9m loss. At the net attributable level, the loss fell by 49.1 per cent to US$220.3m. Equity shareholders' funds at the end of June declined by 2.6 per cent to US$10.4... |
Italcementi06 August 2014, Published under Cement NewsItalcementi's first-half turnover declined by six per cent to EUR2.048bn, but running EBITDA did improve by 2.2 per cent to EUR304.8m. Helped by a 6.2 per cent reduction in the amortisation and depreciation charge, the trading profit improved by 27.7 per cent to EUR99.8m. A 66.5 per cent jump in financing costs, largely related to interest rate derivatives and derivatives on CO 2 hedging, led to a net financial charge of EUR75.1m. After contribution from associates and impairment char... |
Buzzi Unicem06 August 2014, Published under Cement NewsThe agreement between Buzzi Unicem and Wietersdorfer of Austria has been finalised and comes into force on 1 August. Buzzi Unicem acquires a 25 per cent interest the largest Slovenian cement producer Salonit Anhovo and in w&p Cementi in Italy. The Italy-based cement producer transfers its Cadola cement works to Wietersdorfer. |
Savannah Cement plans clinker line, Kenya06 August 2014, Published under Cement NewsKenya-based Savannah Cement plans to establish a clinker line at an investment cost of around KES17bn (US$193.3m). The cement producer currently imports clinker for its plant based in Athi River, Standard Digital News (Kenya) reported. While plans for the new clinker line are still at an early stage, the Savannah Cement expects completion of the facility by the end of 2017. Ronald Ndegwa, Savannah Cement’s managing director, told reporters that the company is currently scouting four di... |
Vulcan generates strong profit recovery06 August 2014, Published under Cement NewsVulcan Materials' first-half turnover rose by 6.9 per cent to US$1365.6m and the EBITDA advanced by 27 per cent to US$211.7m. The trading profit jumped from US$36.8m to US$297.9m and after a net interest charge 55.0 per cent higher at US$160.6m, the pre-tax result went from a US$64.2mloss to a profit of US$141.9m. The net attributable earnings line went from a negative US$26.1m to a positive US$100m. Capital investment jumped by 93.7 per cent to US$116.3m, having advanced by 78.8 per c... |
Cape Verde: Cabocem plant draws interest from Swiss investor06 August 2014, Published under Cement NewsA Swiss investor is said to be in discussions over investing in the Cabocem cement plant Porto Novo, Santo Antão island, in an effort to resume operations. Cape Verdean daily 'ASemana' stated that the investor worked for Portuguese cement producer Secil (which supplied the plant with clinker) and that during his recent stay in Cape Verde he met with the owners of Cabocem and representatives of the national ports administration (Enapor). Cabocem launched operations in 2005 and produced P... |