Cement News tagged under: corporate
Alfonso Gallardo Group sells cement business02 May 2014, Published under Cement NewsAlfonso Gallardo Group is to sell its cement and paper business to focus on the iron and steel sector to ensure its viability, according to a statement by the group. The company signed a refinancing agreement with the majority creditor banks and venture capital firm Kohlberg Kravis Roberts (KKR). The group will divest from Cementos Balboa, located in Alconera (Badajoz), as well as Papresa in Rentería (Guipúzcoa), and reduce its debt by around EUR500m. |
PPC02 May 2014, Published under Cement NewsPPC has awarded two contracts to Tenova TAKREF Africa to supply reverse-pulse bag filters to replace existing electrostatic precipitators (ESPs) at its De Hoek cement plant in the Western Cape and its Slurry facility near Mafikeng, North West province. Replacement of the ESPs is part of a company-wide initiative by PPC to upgrade its dust control systems. It reflects the company’s ongoing commitment to ensure a safe, clean work environment, meeting the increasingly-stringent requirements ... |
UltraTech Cement02 May 2014, Published under Cement NewsUltraTech Cement has reported a 15 per cent rise in net profit of US$138m for the first quarter of 2014. This is due to tough cost control initiatives in the face of increasing pressure on input and logistics costs. While there was some relief from the softening price of imported coal, the impact was negated by the depreciation of the Indian rupee. Combined cement and clinker sales came in at 41.47Mt for the quarter ending 31 March 2014. For the full year to the end of March, combined sales... |
Dangote Cement02 May 2014, Published under Cement NewsDangote Cement has reported a 29.4 per cent rise in revenue to NGN386.2bn (US$2.45bn) for 2013. The group’s cement sales volumes for the year were up 28.2 per cent to 13.3Mt, outshining the Nigerian cement market, which rose by 15.6 per cent to 21.2Mt. The company also saw its pretax profit increase by 40.6 per cent to NGN190.8bn (US$1.21bn). The company estimates its market share to have risen to 62.8 per cent for 2013. Around 58 per cent of cement sold was delivered directly to customers, ... |
PT Semen Indonesia02 May 2014, Published under Cement NewsSemen Indonesia reported cement sales of 2.15Mt in March this year, up 7.3 per cent compared to the same month last year. Sales for January to March stand at 6.16Mt, an increase of 3.5 per cent YoY. March was a particularly strong month for Semen Gresik with an 11.4 per cent rise in sales, followed by Semen Tonasa with sales growth of 8.6 per cent. Semen Padang saw its sales fall 1.7 per cent to 536,000t. The company is reportedly looking to increase its cement sales by six per cent in 2014.... |
Cementos Argos02 May 2014, Published under Cement NewsCementos Argos has posted a 51.7 per cent rise in net income to US$39m in 1Q14, compared to the same period last year. Consolidated EBITDA was also up, by 12 per cent to US$130m. Operating profit rose by 17 per cent to US$81m and revenues increased by 18 per cent to US$645m. “The significant increase of our profitability across all of the company’s three regional divisions, with the still important potential for improvement in the US, and the effective integration of the operations in Hon... |
Anhui Conch Cement Co02 May 2014, Published under Cement NewsAnhui Conch has reported a 27.5 per cent increase in operating revenue to CNY12.6bn (US$2bn) in 1Q14, up from CNY9.9bn in 1Q13. Earnings per share have also risen, up 154 per cent from CNY0.18 in the opening quarter of 2013 to CNY0.47 in the same period this year. Operating profit has seen one of the biggest jumps, increasing by 182 per cent from CNY1.1bn in 1Q13 to CNY3.1bn in 1Q14. The group’s total profit and its profit attributable to shareholders increased by 159.4 per cent and 154.4... |
PT Indocement02 May 2014, Published under Cement NewsPT Indocement has increased its capital expenditure for 2014 to IDR4.5trn US$396m on the back of a 1.6 per cent fall in its market share last year. In 2013 the company’s market share dipped to 30.4 per cent, compared to 32 per cent in 2012. A lack of additional output was blamed, which also kept sales subdued at 17.97Mt in 2013, just 0.5 per cent up on the previous year. According to the company, most of the IDR4.5trn will be spent on one brownfield project and two greenfield projects to... |
China National Building Materials (CNBM)02 May 2014, Published under Cement NewsOn 30 March 2014, the Iraq AD-2 project, a 3300tpd clinker line constructed by CNBM International Engineering Co Ltd, began production. Located 300km northwest of Basra, the project had to overcome a difficult construction environment due to the harsh climate conditions. The end of March also saw Gama Ciwandan’s 0.75Mta grinding works come on-stream in Indonesia. CNBM (Hefei) Powder Technology Equipment Co Ltd supplied the engineering design and core equipment for the project. The works i... |
Cemex increases first-quarter volumes01 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 pre-tax 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 ... |