Cement News tagged under: corporate
Macedonia: Cementarnica Usje Skopje net profit increases 12% YoY28 February 2014, Published under Cement NewsMacedonia’s sole cement producer, Cementarnica Usje Skopje, reported that non-consolidated net profit rose 12 per cent to MKD1.48bn (EUR24m) in 2013. Revenue fell by five per cent YoY to MKD3.9bn while operating costs decreased to 14 per cent to MKD2.6bn, the company said in its non-consolidated financial statement to the Macedonia Stock Exchange. The company is 94.8 per cent owned by Greece-based Titan Cement. Its 0.9Mta plant is located at Usje, near the country’s capital Skopje and a... |
CNBM28 February 2014, Published under Cement NewsHSBC has maintained CNBM as “overweight” as a recent report from the bank forecasts cement prices in China to grow by 10 per cent and five per cent in 2014 and 2015, respectively. According to the report, China’s lower coal prices will help the country’s cement producers boost their gross profits by as much as 60 per cent in 2015, compared to 2012. Over the next two years the bank predicts that the compound earnings growth of the cement sector would reach 35 per cent. In Saudi Arabia, Sou... |
PT Indocement28 February 2014, Published under Cement NewsIndonesia’s cement producers have continued to battle with adverse weather conditions, which caused cement sales to fall across the country last month. According to the Indonesia Cement Association, cement sales in Java, where PT Indocement has most of its plants, fell by two per cent in January to 2.5Mt. Heavy rainfall at the peak of the country’s rainy season has disrupted distribution networks blocking cement shipments to retailers. The weather has also caused the postponement of sever... |
Anhui Conch Cement Co28 February 2014, Published under Cement NewsWith cement prices expected to rise and infrastructure projects waiting to get underway, all eyes are on Anhui Conch and what plans it has to boost its production capacity in 2014. In a bid to reduce emissions, the Chinese government’s drive to consolidate cement production is well underway, forcing the country’s biggest cement producers to expand through acquisition. Anhui Conch has also ready expressed plans to add around 30Mta of capacity and with a strong balance sheet of US$1.7bn in cas... |
Cementos Argos28 February 2014, Published under Cement NewsCementos Argos has recorded a historic COP978billion (US$478.6m) EBITDA for 2013, up by 24 per cent on the previous year. Consolidated revenue was also up by 13.4 per cent YoY and net income improved by 67 per cent. Total cement sales for the year stood at 11.4Mt. up five per cent on 2012. In Colombia revenue was up by 12 per cent with cement sales of 5.2Mt. In the US cement and concrete sales grew by 12 per cent and five per cent YoY, respectively. The Caribbean and Central America marke... |
PT Semen Indonesia28 February 2014, Published under Cement NewsSemen Indonesia has posted a 12.5 per cent increase in net profit for 2013, compared to 2012, according to Reuters. The company is reportedly aiming for an eight per cent increase in sales in 2014 with up to US$429m capex being allocated to help enhance production capacity. It is hoping to produce 31.8Mt of cement this year, up by six per cent compared to 2013, with a long-term target of 40Mt by 2017. The news comes as the company confirms a EUR42m order for a new 8000tpd greenfield cemen... |
Dangote Cement28 February 2014, Published under Cement NewsDangote is reportedly on track to commission its new cement factory in Ndola, Zambia’s third-largest city, in July this year. According to Anand Kameshwar, senior general manager for Dangote Projects, the installation of major equipment at the US$400m plant by Sinoma Engineering of China is nearly complete. The plant is expected to produce between 1-1.2Mta taking cement production in Zambia to over 2.5Mta. The company is also constructing a 30MW power substation that is due to become operati... |
PPC28 February 2014, Published under Cement NewsPPC has acquired a 49 per cent stake in Hodna Cement Company, placing a firm foot in the door of the Algerian cement market. The company plans to build a new US$350m cement plant in Hodna, 300km east of Algiers. The 2Mta plant is expected to take 30 months to construct with commissioning likely to commence in 4Q16. China’s Sinoma International Engineering is to supply and build the facility, while India’s Holtec Consulting is providing project management services. “The Algerian cement ma... |
Mixed full-year performance for Holcim28 February 2014, Published under Cement NewsHolcim reported a mixed performance in 2013 as attributable profit doubled while turnover declined. Overall volumes were down due to weaknesses in key emerging markets, but European shipments were finally on the up. For the full year Holcim’s turnover declined by 6.8 per cent to CHF19,719m (US$22,349m). Operating EBITDA edged ahead by 0.2 per cent to CHF3896m, though ignoring last year’s restructuring there was a 5.6 per cent reduction. Trading profit rose by 34.8 per cent to CHF2357m but w... |
Lucky Cement 1HFY14 net profit rises 20%27 February 2014, Published under Cement NewsPakistan market leader Lucky Cement reported a 20 per cent rise in net profit for the first half of FY14 boosted by in part by higher prices. Net profit for the six months to the end of December 2013 stood at PKR5.16bn (US$49.2m) compared to PKR4.49bn in the same period of the year before. Revenue improved 11.8 per cent YoY to PKR19.57bn against PKR17.51bn in the 1HFY13. Commenting on the results, Global Research said revenues grew on the back of a 10 per cent YoY increase in domestic c... |