Cement News tagged under: corporate
Trinidad Cement Ltd 1Q13 boosted by higher sales volumes and prices13 May 2013, Published under Cement NewsFor the first quarter of 2013, Trinidad Cement Ltd recorded EBITDA of JMD114.2m (US$1.16m), reflecting a significant improvement over the first quarter of the previous year and 74 per cent of the total EBITDA achieved throughout 2012. Revenue for the quarter increased by JMD117m compared with the prior year as a result of higher cement sales volumes, the group said in a statement. Volumes were up YoY by 52 and 29 per cent in the markets of Trinidad and Tobago and Jamaica, respectively, w... |
Cementir hit by hard Nordic winter13 May 2013, Published under Cement NewsCementir's first-quarter turnover eased by 0.3 per cent to €194.7m and the EBITDA declined by 26.9 per cent to €9.2m as the cement major was hit by a hard Nordic winter weather. The trading loss increased by 56.1 per cent to €12.4m, but at the pre-tax level the increase in the loss was a more modest 20.3 per cent up to €13.7m. The severe winter weather in Scandinavia and Italy had a particularly negative effect in the month of March. As a result, Scandinavian cement shipments were down b... |
Tajikcement’s coal-fired kiln scheduled for mid-June delivery13 May 2013, Published under Cement NewsChina-based Beijing Uni-Construction Group Co Ltd has started preparation works for the installation of a coal-fired kiln at Tajikcement’s state-run cement plant in Dushanbe. Tajikcement, the country's largest cement producer with four 600tpa kilns and two 300tpa lines has not been operational since the beginning of this year due to a lack of natural gas supplies. Citing sources at the Ministry of Energy and Industries, Asia Plus reports that the new coal-fired kiln is expected to be... |
Pakistan 10-month dispatches rise 4.09%13 May 2013, Published under Cement NewsPakistan cement dispatches rose by 4.09 per cent in the first 10 months of the current fiscal, the latest data from the All Pakistan Cement Manufacturers Association (APCMA) shows. Dispatches for the 10 months to April 2013 reached 27.664Mt compared to 26.576Mt during the same period of the previous year. Domestic sales accounted for 21Mt, representing a 6.03 per cent YoY increase. In April 2013 alone, the industry dispatched 3.123Mt, 3.8 per cent higher than April 2012 dispatches. How... |
Siam City Cement 1Q sales rise, net profit hit by higher costs, Thailand13 May 2013, Published under Cement NewsSiam City Cement Co (SCCC), Thailand’s second-largest cement producer, reported a decline in operating and net profit for the 1Q13 despite a rise in sales as higher electricity and transport costs negatively affected results. Net profit for the three months to the end of March 2013 was THB1.12bn (US$37.7m), down 5.4 per cent on the same quarter of last year. Sales, however, were up 8.4 per cent YoY to THB7.5bn from THB6.9bn in the same period of last year. The rise was attributed to in... |
Thatta Cement signs joint venture agreement with Cementia10 May 2013, Published under Cement NewsPakistan cement producer Thatta Cement has signed a joint venture agreement with Cementia Holding for a new grinding plant in Sri Lanka. Cementia, based in Switzerland, is part of the Lafarge group and specialises in the trade and seaborne delivery of clinker, cement and cementitious products. “We wish to inform that today M/s Thatta Cement Company Limited (THCCL) has executed a Joint Venture Shareholders’ Agreement with Cementia Holding AG (Lafarge), Switzerland, in connection with ... |
Cementos Argos issues US$765m to finance expansion plans10 May 2013, Published under Cement NewsColombia's leading cement producer Cementos Argos has issued COP1.4trn (US$765m) worth of preferred shares to finance expansion plans. The company sold the 182 million shares at COP7,700 each to both domestic and foreign investors, receiving offers worth COP2.1trn, the company said in a statement. It may sell another 32 million shares in a second round at the same price per share, it said. |
Asia Cement raises US$220m from sale of five-year bond10 May 2013, Published under Cement NewsAsia Cement has raised US$220m from the sale of a five-year, zero-coupon convertible bond which it plans to use to repay maturing bonds. Due to strong demand, the deal was upsized in full, or by 10 per cent. The transaction came after the Taiwanese company’s share price on Monday hit its highest close since December. It is the second US dollar CB out of Taiwan this year after Far Eastern International Bank raised US$150m from a zero-coupon deal in late January. The company plans... |
Cementos Portland Valderrivas revises 2012-21 business plan, Spain09 May 2013, Published under Cement NewsSpain's leading cement producer, Cementos Portland Valderrivas, has revised its business plan for 2012-21 after recording a loss of EUR27.7m in the first quarter of 2013. The company, which is controlled by the contracting group Fomento de Construcciones y Contratas, has announced its intention to dispose of non-core assets and temporarily close plants due to the continuing decrease of the cement demand. The adjustment measures will also include cuts to salaries. In response to the weak ... |
Taiheiyo Cement full-year pretax profit seen beating estimates09 May 2013, Published under Cement NewsJapan’s leading cement producer, Taiheiyo Cement Corp, is expected to have posted a 70 per cent YoY rise in pretax profit for the fiscal year to the end of March 2013. Net profit is expected to have beat forecasts of JPY30.5bn to reach around JPY32bn, according to a Nikkei Report. Sales are believed to have increased by three per cent to approximately JPY750bn while volume grew at least five per cent with shipments to the Tohoku region for earthquake rebuilding topping estimates. Operat... |