Cement News tagged under: corporate
Cementos Argos27 May 2014, Published under Cement NewsWith production due to start at its revamped Rioclaro works at the end of this year, Cementos Argos will be hoping that this month’s Colombian presidential elections will breathe new life and investment into the country’s construction sector. Economic growth in Colombia slowed during 2013 but is now reportedly expanding at around four per cent each year. 2014 marks the start of an ambitious public investment programme with projects being financed by a new royalty system and new institutio... |
PT Semen Indonesia27 May 2014, Published under Cement NewsPT Semen Indonesia is considering raising its cement prices by three to four per cent in response to surging electricity rates. From 1 May this year, Indonesia will see the cost of electricity jump by either 38.9 per cent or 64.7 per cent, depending on the industry in question. For cement producers, this is expected to increase their total operating costs by as much as five per cent. Holcim Indonesia has already raised its cement prices and PT Semen Indonesia is now considering following sui... |
Dangote Cement27 May 2014, Published under Cement NewsDespite gas shortages affecting its leading plants in Obajana and Ibese, Dangote Cement reported a 4.2 per cent increase in cement sales in Nigeria in 1Q14 to 3.5Mt, compared to the same period last year. Its market share is estimated at 63 per cent. Direct-to-customer deliveries have proved highly successful, now accounting for around 60 per cent of sales, but these have resulted in higher distribution costs and increased depreciation due to the larger fleet required to support them. Th... |
UltraTech Cement27 May 2014, Published under Cement NewsIndia's biggest cement producer, UltraTech Cement, is reportedly looking to buy the local assets of Holcim and Lafarge as both companies proceed with their merger plans and plan to sell off unwanted facilities in a bid to win regulatory approval. Holcim and Lafarge currently control a combined 62Mta of capacity in India. UltraTech is hoping to add 20Mta to its current 58Mta of capacity through a combination of acquisitions and new greenfield plants across Indonesia, Thailand, Myanmar, Oma... |
PPC27 May 2014, Published under Cement NewsPPC has reported a two per cent rise in cement sales for the six months ending March 2014. Revenue came in at ZAR4.16bn (US$0.4bn), an increase of nine per cent on the same period last year. EBITDA was also up by five per cent to ZAR1.17bn, while operating profit jumped 15 per cent to ZAR1.36bn. The cement market now accounts for 86 per cent of the company's total revenue, compared to 10 per cent for lime and four per cent for aggregates. Much of the growth has come from increased export sal... |
India Cements to merge with subsidiary27 May 2014, Published under Cement NewsIndia Cements is planning to merge with its subsidiary Trinetra Cement to consolidate its operations. N Srinivasan, vice chairman and managing director of India Cements, said the merger will bring the operations under one company. "We will get the benefit of profitability of Trinetra and improve the performance of India Cements," he said. Post-merger the total capacity of India Cements would go up to 15.8Mt. India Cement currently has a capacity of 15.5Mta from seven integrated plants i... |
China: Northern Cement to issue CNY1bn bills27 May 2014, Published under Cement NewsNorthern Cement Co announced Tuesday that it would issue CNY1bn (US$160m) worth of 365-day bills on 4 June 2014. The money raised will be used to repay bank loans and replenish operating capital. |
PT Holcim Indonesia seeks US$175m loan26 May 2014, Published under Cement NewsPT Holcim Indonesia is seeking US$175m syndicated loan this year to pay debt and finance working capital, according to finance director Kent Carson. The company's debt maturing in November this year amounts to IDR1.15trn (US$99m), Carson added. |
JK Lakshmi ends FY13-14 on a strong note26 May 2014, Published under Cement NewsJK Lakshmi cement reported a 59 per cent increase in net profit for the final quarter of FY13-14 and anticipates a brighter outlook for the domestic market through the year. The Indian-based producer said net profit for the three months to the end of March 2014 rose to INR52.91 crore compared to INR33.34 crore in the same quarter of the previous year. "The net profit has gone up by 59 per cent during the January-March quarter on three things: higher volume, better efficiency of the p... |
Higher sales boost Lafarge Malaysia 1Q1423 May 2014, Published under Cement NewsLafarge Malaysia’s revenue for the 1Q14 was 4.9 per cent higher YoY to MYR676.6m (210.7m), mainly due to higher cement and aggregate sales volumes. Revenue growth was partially offset by lower sales in the aggregate and concrete division attributed to the completion of the KLIA 2 project, the group said in a statement. The group registered net profit of MYR97.2m for the quarter, a 32.4 per cent YoY increase, mainly as a result of higher revenue from its cement division. Compared to t... |