Cement News tagged under: corporate
ARM anticipates higher earnings growth04 October 2013, Published under Cement NewsKenya-based ARM Cement expects a slight acceleration in earnings this year as new capacity in Tanzania boosts volumes, its chief executive has said. Referring to his expectations for profitability and sales, Pradeep Paunrana told Reuters: “This year we are looking at increasing our top line and bottom line by 35 per cent over last year and next year we expect a similar growth.” The company commissioned a 0.75Mta grinding plant in the Tanzanian capital of Dar es Salaam a year ago, adding ... |
Positive view on China Resources-Fujian Energy collaboration04 October 2013, Published under Cement NewsDaiwa Research holds positive view on China Resources Cement's agreement with state-owned Fujian Energy to jointly develop and expand the cement and concrete business in Fujian Province. The research house expects the alliance with Fujian Cement should further increase CR Cement's market share in the province. While Fujian Cement's earnings capability looks weak (it reported net losses for 2012 and 1H13), the house believes CR Cement could help improve Fujian Cement's operational efficienc... |
Semen Indonesia secures loan04 October 2013, Published under Cement NewsState-owned cement producer PT Semen Indonesia (Persero) Tbk has secured a US$100m loan from PT Bank Mandiri Persero Tbk and Standard Chartered Bank with a 5-8 year tenure to refinance its outstanding debt, said CEO Dwi Soetjipto in Bisnis Indonesia. The firm also seeks loan totalling US$150m to partly fund its US$200me expansion in Myanmar. |
Saudi Cement receives funding for expansion04 October 2013, Published under Cement NewsSaudi cement producer Tabuk Cement Company yesterday signed an agreement with local Bank Albilad for Islamic financing worth SAR500m (US$133.3m) In a statement to the bourse, the company said it will use the funds to partially finance the second phase of an expansion project, which includes the construction of a 5000tpd clinker line, and an adjacent power plant and desalination plant. The loan is to be repaid by October 2020. |
Hamzah lifts stake in Steppe Cement to 23 per cent04 October 2013, Published under Cement NewsKazakh-based Steppe Cement Ltd said Friday that Halfmoon Bay Capital Ltd has acquired 1.25 million shares, raising the total interests controlled by significant shareholder Azmi Wan Hamzah from 49.13 million shares to 50.38 million shares, or 23 per cent. |
Lafarge03 October 2013, Published under Cement NewsLafarge has agreed the sale of its 53.3 per cent stake in its Honduras subsidiary Lafarge Cementos SA de CV to Cementos Argos for €232m, subject to the necessary official approvals. This represents an historic EBITDA multiple of 8.6. The company's assets include one integrated cement works with a capacity of 1Mta and an additional grinding centre with a 0.3Mta capacity. Lafarge Cement Zimbabwe saw first-half turnover decline by 6.1 per cent to US$32.2m and the EBITDA was off by 3.8 per ce... |
HeidelbergCement03 October 2013, Published under Cement NewsHeidelbergCement aims to increase its cement capacity in India to around 15Mta within the next few years. This is likely to involve one or more acquisitions. |
Cemex03 October 2013, Published under Cement NewsCemex has commissioned a new clinker silo at its Lloseta works in Spain. This €4.4m investment includes a 44m-high silo with a diameter of 27.5m and is fitted with all the latest emission control systems. |
Italcementi03 October 2013, Published under Cement NewsItalcementi's Thai subsidiary Asia Cement is expecting turnover, in local currency, to increase by 17.6 per cent this year, followed by growth of just four per cent in 2014 as domestic demand weakens. In addition to Asia Cement, Italcementi also controls Jalaprathan Cement in Thailand. |
Cimpor03 October 2013, Published under Cement NewsCimpor is expanding in South America in all three countries that it serves. The new works in Paraguay, in which Cimpor has a 35 per cent interest share with Votorantim holding a similar stake, will come on-stream during October, possibly replacing imports from Cimpor's Argentine subsidiary. Cimpor is planning a new cement works in Argentina's western province San Juan, to strengthen its position as market leader in Argentina. Cimpor is also planning to enter the northern parts of Br... |