Cement News tagged under: corporate
Suez Cement Co invests EGP300m in coal-based power05 May 2014, Published under Cement NewsEgypt's Suez Cement Co announced plans on Sunday to invest EGP300m (US43m) to convert two of its four cement plants to use coal rather than natural gas. The conversion process for each plant will cost around EGP150m, said Mohammed Shanan, the cement producer's business development director. The work is expected to take 6-8 months. Suez Cement is awaiting final approval from the Ministry of Environment. The step follows the company's plummeting production in 1Q14 as output fell and s... |
Ashaka Cement 1Q14 profit after tax rise 69%05 May 2014, Published under Cement NewsAshaka Cement's 1Q 2014 results showed that profit before tax and profit after tax grew strongly by 74 and 69 per cent to NGN2.8bn (US$17.5m) and NGN1.9bn, respectively when compared to 1Q13, according to Nigerian Stock Exchange data. Sales were up by eight per cent to NGN6.5bn. |
India: Ramco Cements to improve limestone quarrying efficiency05 May 2014, Published under Cement NewsRamco Cements has commissioned two limestone beneficiation plants to improve efficiency in cement production and extend the life of its limestone quarries. The 200tph beneficiation plant at Alathiyur will upgrade limestone raw mineral to enable its use in cement production. The INR370m (US$6.2m) project was followed by the start of a second such facility at its Madurai cement factory. Limestone beneficiation is a process whereby low-grade material is blended with high-quality, sweetene... |
Holcim02 May 2014, Published under Cement NewsHolcim's first-quarter turnover declined by 5.4 per cent to CHF4088m (EUR3342m), but on a like-for-lake basis, there was a 7.8 per cent increase while measured in euros the turnover was off by five per cent. The operating EBITDA declined by 5.1 per cent to CHF617m (EUR504m), but this represents an underlying increase of 10.1 per cent. The trading profit increased by 9.3 per cent to CHF295m (EUR241m), while the net attributable profit dropped by 57.5 per cent to CHF80m (EUR65m), as last year'... |
Lafarge02 May 2014, Published under Cement NewsThe wholly-owned subsidiary Lafarge Pakistan Cement, which operates a 2.4Mta cement works in Punjab increased turnover by seven per cent to the equivalent of US$105m and the net profit rose by 21.2 per cent. Domestic deliveries increased by 2.8 per cent to 1.2Mt, while exports declined by 8.5 per cent to 433,000t. During the first quarter of 2014, alternative fuels use increased from 28 to 32 per cent. Lafarge is now looking to sell its Pakistan subsidiary, which came with the purchase... |
Cemex02 May 2014, Published under Cement NewsCemex' first-quarter turnover increased by 8.2 per cent to US$3590.7m, while the EBITDA improved by 2.7 per cent to US$535m. The trading profit rose by 11.7 per cent to US$267.7m. The net interest charge increased by 10.4 per cent to US$406.9m, to give a pretax loss 11.3 per cent higher at US$167.9m. The effective net debt was 0.9 per cent higher at US$16,325m, of which 88 per cent was in US dollar, 10 per cent in euro and two per cent in Mexican peso, with 66 per cent of the debt being at f... |
Vicat02 May 2014, Published under Cement NewsVicat's first-quarter turnover increased by 9.2 per cent to EUR536m, which represents an underlying improvement of 14 per cent. The cement turnover improved by 6.8 per cent to EUR325m, as cement shipments rose by 12.2 per cent to 4.6Mt. The turnover in concrete and aggregates was 9.8 per cent higher at EUR199m as aggregates shipments rose by nine per cent to 5.15Mt and ready-mixed concrete deliveries increased by five per cent to 1.89Mm³. Other products and services generated a 10.1 per cent... |
CRH02 May 2014, Published under Cement NewsMykolavcement, which as acquired by CRH from Lafarge in April of last year, has reported a EUR4m (UAH63.2m) loss in 2013 on a turnover 10 per cent lower at UAH538.8m. CRH paid EUR96m, including the debt assumed, for the 1.3Mta integrated wet-process works, giving it three cement works in Ukraine. |
Senj Sant to receive US$65m EBRD loan for Mongolia plant02 May 2014, Published under Cement NewsMongolia’s Senj Sant is building a greenfield cement plant in southern Mongolia to meet the growth in demand generated by the country’s rapidly-expanding economy. Part of a May 2013 financing package, the project has now received further financing by the European Bank for Reconstruction and Development (EBRD), which is extending a US$65m loan to the company. The package included a US$20m equity investment in Senj Sant, which is owned by the Monpolymet Group. During the signing ceremon... |
New chairperson for Lafarge South Africa02 May 2014, Published under Cement NewsAfter two terms in office, Nonkqubela Mazwai has stepped down as chairperson of Lafarge South Africa and handed the reins over to Thandi Orleyn, previously a non-executive director of Lafarge Mining South Africa and Lafarge Industries South Africa. Mazwai joined the Lafarge South Africa board on 15 February 2007. Speaking of her leadership contribution to the transformation of the company and the challenges faced, she said: “Joining Lafarge South Africa in 2007 was a wonderful opportunity ... |