Cement News tagged under: corporate
Semen Baturaja full-year net profit rises 5% YoY24 February 2014, Published under Cement NewsIndonesia state-owned cement producer PT Semen Baturaja recorded a net profit of IDR312bn (US$26.5m) in 2013, up five per cent YoY, Bisnis Indonesia reported. The company will start construction on its new IDR2.9trn factory this year, which is expected to be completed in the fourth quarter of this year. Once completed, capacity is expected to almost double to 3.85Mta from the current 1.85Mta. CEO Pamudji Rahardjo said the company is targeting revenue of IDR1.4trn this year, up 19 per cen... |
Record profits for Holcim Philippines21 February 2014, Published under Cement NewsHolcim Philippines registered record earnings and sales last year amid strong market conditions and effective cost management. Meanwhile, the company has said it will delay the construction of a new cement plant in Bulacan as its Swiss parent reorganises regional operations. “Our company benefited from the good business environment, which has allowed the construction boom to persist and cement demand to thrive. Credit should also go to our people, who did their part in attaining this recor... |
India: UltraTech in talks to acquire further Jaypee assets – report21 February 2014, Published under Cement NewsUltraTech Cement is in preliminary talks to acquire the Jaypee Group’s cement assets in Solan, Himachal Pradesh state, according to local media citing two sources familiar with the situation. The assets include an integrated cement plant and a grinding and blending unit. Two European companies were also reported to be in the race to but talks have have failed, one of the two people, a senior executive at one of the companies, said. In September 2013, UltraTech acquired Jaypee’s cement as... |
CRH appoints non-executive director, Ireland21 February 2014, Published under Cement NewsThe board of CRH plc announced the co-option to the board of Henk Rottinghuis as a non-executive director. Mr Rottinghuis (58), a Dutch citizen, has a background in distribution, wholesale and logistics. He was until 2010 CEO at Pon Holdings BV, a large, privately held international company which is focused on the supply and distribution of passenger cars and trucks, and equipment for the construction and marine sectors. He is currently chairman of the Supervisory Board of Stork Technical... |
Pakistan: Fauji Cement boosts 1HFY14 earnings20 February 2014, Published under Cement NewsPakistan-based producer Fauji Cement Co posted earnings of PKR1.25bn (US$11.92m) in the first half of FY14, up 36 per cent YoY compared to the PKR922m in the comparative period of the previous fiscal. The improved earnings came on the back of better gross profit and reduced finance cots. Revenues rose nine per cent to PKR8.23bn despite a seven per cent decline in volumes to 1.16Mt. Margins improved by 1.5 percentage points to 34 per cent largely as a result of higher cement prices. ... |
China expected to announce relief measures to stimulate consolidation20 February 2014, Published under Cement NewsChina's State Council is expected to release specific measures to stimulate cement industry consolidation to address three key areas. A report published by China Perspective, states that HSBC anticipates that the government may strengthen financing support for the shakeup, including bank loans and equity placement or bond issuance from secondary market. Secondly, inefficient approval process may be simplified by the government, especially for cross-region deals. Finally, the governmen... |
Lafarge sees improved operational trends in fourth quarter19 February 2014, Published under Cement NewsLafarge saw a continued improvement in fourth quarter volumes, supported by ongoing growth in most emerging markets, the recovery in the US and stabilising conditions in Europe. Adverse exchange rates continued to weigh on sales which were down two per cent in the final three months of 2013 to EUR3714m, but up five per cent on a like-for-like basis. 4Q EBITDA was down six per cent to EUR793m but up 14 per cent like-for-like as the group reported increases in all regions driven by highe... |
Buzzi in strategic agreement with W&P Cementi19 February 2014, Published under Cement NewsBuzzi Unicem is paying some EUR22m for a 25 per cent stake in Salonit Anhovo, the leading cement producer in Slovenia with an capacity approaching 1.4Mta and for a 25 per cent interest in Wietersdorfer & Peggauer's Italian subsidiary W&P Cementi. As part of the same deal, Buzzi Unicem is receiving EUR22m from W&P Cementi for the Italian cement major’s 0.3Mta cement works at Cadola (Italy) and the right to acquire the 0.4Mta Travesio (Italy) cement plant within the next five years. ... |
FLSmidth establishes Colombian office19 February 2014, Published under Cement NewsFLSmidth is expanding its operations on the Colombian market through the establishment of a new office in the city of Barranquilla in the northern part of the country. “The new office that opened on 1 January 2014 will bring FLSmidth even closer to its customers on the Colombian market and strengthen the local service offerings,” FLSmidth said in a statement. The company also added that over the last decade, the Colombian economy has been on an upward spiral due to improvement in the secu... |
HeidelbergCement takes over logistics company18 February 2014, Published under Cement NewsHeidelbergCement has increased its participation in the logistics company Kerpen & Kerpen GmbH & Co KG from 30 per cent to 100 per cent, the German cement major said in a statement yesterday. The purchase price of around EUR23.5m was paid in the form of 416,477 new HeidelbergCement shares, which were issued as part of a capital increase in return for contributions in kind. Kerpen & Kerpen will be fully integrated into HeidelbergCement's business in Germany, constituting the core of the... |