Cement News tagged under: corporate
MPA names new chairman, UK03 September 2013, Published under Cement NewsBill Brett, chairman of the Brett Group, has been appointed chairman of the Mineral Products Association (UK) for the next two years. He will be taking over from Dyfrig James, and of MPA’s four chairmen to-date, is the second to serve from an independent company. Nigel Jackson, Chief Executive MPA, paid tribute to Dyfrig’s contribution to MPA over the last two years saying: “Members have appreciated Dyfrig’s inclusive approach and the efforts he has made to engage with all parts of the MPA... |
China National Building Materials (CNBM)02 September 2013, Published under Cement NewsDuring the first half of 2013, the cement interests of CNBM have posted a 33.2 per cent increase in revenue to CNY50.5bn (US$758m), compared to CNY37.9bn in 1H12. Gross profit was up over the same period from CNY8254.1m to CNY11,597.7m. According to the company, “Faced with opportunities and challenges brought by China’s economic transformation, the cement segment of the group responded positively by timely adjusting its business idea, changing the business principle and goal to ‘being st... |
PT Indocement02 September 2013, Published under Cement NewsPT Indocement, part of the HeidelbergCement group, has posted a small increase in domestic sales in 1H13, up by 0.5 per cent to 8.73Mt, compared to 8.69Mt in the same period last year. This came in considerably lower than the growth in national cement demand, which reached 7.5 per cent over the same period, causing the company’s market share to slump from 33 per cent in 1H12 to 30.9 per cent in 1H13. Export sales, however, were up by 35 per cent, giving a total sales volume growth of 0.7 per... |
Anhui Conch Cement Co02 September 2013, Published under Cement NewsAnhui Conch has recorded a 4.9 per cent rise in its net profit in the first half of 2013, up to CNY3.06bn (US$501m) from CNY2.92bn (US$477m) in the same period last year. According to the company, the rise was due to lower input costs, such as coal, and a reduction in its operating costs. Gross profit has also risen in 1H13, up by 1.4 percentage points to 28.49 per cent, mainly due to lower raw material costs. Operating revenue also fared well, up by 14.73 per cent to CNY23.59bn from CNY2... |
Cementos Argos02 September 2013, Published under Cement NewsCementos Argos has been named as one of five Colombian cement producers under investigation for alleged price-fixing. Colombia’s Superintendency of Industry and Commerce (SIC) has said it will be examining whether Cementos Argos, along with Holcim (Colombia), Cementos Tequendama, Cemex Colombia and Cementos Marcos have been colluding in the setting of cement prices over the last three years. According to the Superintendency, Colombia has been monitoring “sustained and unjustified” increas... |
PT Semen Indonesia02 September 2013, Published under Cement NewsIn 1H13, PT Semen Indonesia increased its EBITDA by 33.3 per cent to IDR3858bn (US$340.9m), up from IDR2893bn in the same period last year. Revenue has also risen by 31.9 per cent to IDR11,422bn, compared to IDR8658bn in 1H12. Gross profit rose by almost 30 per cent to IDR5146bn, up from IDR3961bn in 1H12. Despite a slowdown in cement demand across Indonesia due to rising inflation, the company recorded total sales in 1H13 of 13.27Mt, an increase of 28.6 per cent YoY. When combined with s... |
Dangote Cement02 September 2013, Published under Cement NewsDangote Cement Plc has reported a 52.8 per cent rise in its profit before tax (PBT) in the half year ended 30 June 2013. PBT in the period reached NGN107.7bn (US$670m), compared to NGN70.8bn in the same period in 2012. Gross profit was also up, increasing by 43.8 per cent from NGN91.9bn to NGN132.1bn. Operating profit fared equally well, rising from NGN76.4bn to NGN111.1bn, an increase of 45.4 per cent. Sales over the six-month period increased by almost 30 per cent to 6.76Mt, more than ... |
UltraTech Cement02 September 2013, Published under Cement NewsUltraTech Cement has reported a 13.5 per cent fall in its profit after tax in the quarter ending 30 June, dropping from INR7.78bn in 2Q12 to INR6.73bn (US$111m). Profit before interest, depreciation and tax fell by 10.1 per cent from INR13.77bn to INR12.37bn over the same period. Net sales for the quarter fell from INR50.72bn (US$837m) to INR49.58bn (US$820m), a drop of just over two per cent. According to the company, combined domestic cement and clinker sales for the quarter were 9.88Mt... |
PPC02 September 2013, Published under Cement NewsSouth African cement producer Pretoria Portland Cement (PPC) has purchased a controlling stake in Safika Cement Holdings at a cost of ZAR350m (US$32.5m). The deal includes Safika’s five blending facilities and one milling operation. The company produces blended 32.5N type cement under three brand names: IDM Best Build, Caste and the Spar Build-It house brand. “We are very excited to be able to add another complementary business to PPC. This is an important step in our ‘Keeping the Home Fi... |
Cementarnica Usje 1H net profit declines, Macedonia30 August 2013, Published under Cement NewsMacedonia’s sole cement producer Cementarnica Usje AD Skopje reported consolidated net profit in the first half of the year fell to MKD616.4m (EUR10m) from MKD741.3m a year ago. Operating income fell 13 per cent YoY to MKD1.8bn in the first six months of the year while operating costs were down MKD1.23bn from MKD1.37bn the year before. The company, owned by Titan, has a 0.9Mta production plant located at Usje, near Macedonia’s capital Skopje and around 20km from the Kosovo border. Last... |