Cement News tagged under: corporate
Tvornica Cementa Kakanj first-half net profit increases28 July 2014, Published under Cement NewsBosnia-based Tvornica Cementa Kakanj (TCK) net profit rose by 6.25 per cent to BAM8.5m (EUR4.3m) in the first half of 2014 compared to BAM8m a year earlier, the company said on Friday. The HeidelbergCement group company said first-half operating income decreased by 1.5 per cent YoY to BAM31.9m while operating costs fell to BAM23.2m from BAM24.5m. TCK is based in Kakanj, in the Muslim-Croat Federation, one of the two autonomous entities that form Bosnia and Herzegovina. |
China National Building Materials (CNBM)25 July 2014, Published under Cement NewsCNBM subsidiary Sinoma International Engineering has won a turnkey contract for two new 5775tpd cement kiln lines from the Ministry of Defence in Egypt. The project is to be situated in Sinai, Egypt, about 50km south of El-Arish. The contracts are understood to be worth EUR270m (US$363m). Meanwhile, at home CNBM is one of six state-owned enterprises that have been selected by the Chinese government to pilot a number of reforms in ownership, management and supervision. The chosen companies... |
PT Indocement25 July 2014, Published under Cement NewsIndonesia has finally announced Joko “Jokowi” Widodo as its new president following the country’s elections earlier this month. Jokowi’s pledge that infrastructure would be a focus area during his presidency gave construction-related shares on the Jakarta Stock Exchange a welcome boost at the end of last week. PT Indocement will be among the producers hoping that greater political stability brings about new demand for cement in the country as the Indonesian Cement Association (ASI) reveals t... |
Anhui Conch Cement Co25 July 2014, Published under Cement NewsShares in Anhui Conch rose by over five per cent earlier this month following the company’s forecast of a 90 per cent YoY increase in first-half net profit to CNY3.06bn (US$492.75m), compared to the same period last year. The expansion is being attributed to increased product sales and prices, and lower coal costs. However, according to a recent report by Barclays, there is ongoing seasonal weakness in cement prices, which is expected to persist throughout 3Q14 due to “muted cement demand”.... |
Cementos Argos25 July 2014, Published under Cement NewsCementos Argos has awarded a contract to Gothenburg, Sweden-based SKF to provide a broad range of engineering products and services for its operations in Colombia over the next three years. “SKF has an extensive partnership to support Argos in maximising the utilisation and reliability of its assets, thereby achieving its business objectives,” says Vartan Vartanian, president, SKF Industrial Markets, Regional Sales and Service. SKF will be responsible for condition-based maintenance servi... |
PT Semen Indonesia25 July 2014, Published under Cement NewsSemen Indonesia, the largest cement producer in southeast Asia, has said that it expects its first-half profits to expand by just eight per cent this year, compared to 21.8 per cent in the same period last year. Revenue in 1H14 has grown by 12 per cent, a far cry from the 32 per cent seen in the opening half of 2013. According to the company, demand for cement has remained flat this year so far, but hopes are high for a recovery under the new presidency. Meanwhile, the company has announ... |
Dangote Cement25 July 2014, Published under Cement NewsSephaku Cement, in which Dangote Cement is a majority shareholder, has reported a loss of US$1.37m in the year ended March 2014. The loss is due to one plant only commencing production in January this year while the other does not come on-stream until this month. As a result, Sephaku Holdings, which has a 36 per cent share in Sephaku Cement, recorded a post-tax loss of US$260,300 in the same period. In Kenya, Dangote has announced plans to double production capacity at its new plant from ... |
Pacasmayo cement volumes rise 3.5% in first six months25 July 2014, Published under Cement NewsPeruvian producer Cementos Pacasmayo reported a 3.5 per cent increase in cement sales volumes for the first six months of the year, exceeding the national average of 0.84 per cent. Consolidated sales increased 2.9 per cent YoY in the first half of 2014. Higher cement sales and a 57.2 per cent increase in quicklime dispatches were offset by a decline in concrete sales. Gross profit fell 4.1 per cent mainly due to the temporary imports of clinker and the fall in concrete demand. Net inco... |
UltraTech Cement25 July 2014, Published under Cement NewsUltraTech Cement Ltd, an Aditya Birla Group company, has announced net sales of INR56.49bn (US$941m) in the quarter ended 30 June 2014, compared to INR49.59bn in the same period last year. Profit before interest, depreciation and tax (PBIDT) came in at INR12.64bn, marginally up from INR12.37bn in the corresponding period in 2013. However, profit after tax (PAT) dipped over the same period from INR6.73bn to INR6.26bn. When consolidating the figures to include those of the Gujarat units of ... |
Paraguay: INC to increase output by 25% by March 201525 July 2014, Published under Cement NewsFollowing the upgrade of its cement mill at Villeta, Paraguay's Industria national de Cemento (INC) expects to increase its production by 25 per cent from March 2015, according to the company's president, Jorge Mendez. INC also envisages a 19 per cent fall in production costs with the new dryer for pozzolana, which represents an investment of US$2.5m. In addition, the company's US$25m fuel conversion project at the Vallemi works will allow for a greater flexibility in fuel use, permit... |