Cement News tagged under: corporate
Cementos Pacasmayo 1Q13 cement sales rise 6.5 per cent30 April 2013, Published under Cement NewsPeruvian cement producer Cementos Pacasmayo reported a sales increase of 6.5 per cent in the first quarter of 2013. Net income rose 13 per cent in the first quarter to PEN45.1m compared to PEN39.9m (US$17m) in the same period of last year. Cement EBITDA rose by 15.1 per cent in the three months to the end of March 2013 reaching PEN84.5mm compared to PEN73.4m in 1Q12. Consolidated adjusted EBITDA margin went from 25.8 per cent in 1Q12 to 27.9 per cent in 1Q13. On February 1, 2013, the Com... |
Lipetskcement increases first-quarter output, Russia30 April 2013, Published under Cement NewsLipetskcement, part of the Eurocement Group, reported a 25 per cent increase in production during the first quarter of 2013, the company announced in a statement. The company produced 164,000t of cement in the three months to the end of March 2013, with the production of CEM 1 32.5 N being six times higher than the first quarter of 2012. The production of bagged cement in 1Q13 rose by 36 per cent YoY to 9307t compared to last year. Total shipments between Jan-March 2013 amounted to 153,0... |
Cemex first quarter sales fall 8% in 1Q1329 April 2013, Published under Cement NewsCemex' first quarter turnover declined by 5.3 per cent to US$3318.6m, while the EBITDA came off by 8.1 per cent to US$521.1m. Volumes were ahead in the USA and in the Philippines, but declined in most other markets. The trading profit was off by just 0.5 per cent to US$239.1m. The net interest charge increased by 9.7 per cent to US$360.7m, giving an underlying pre-tax loss 33.3 per cent higher at US$141.1m. Once the results from financial instruments and foreign exchange movements are tak... |
GCC posts quarterly first quarter net loss, Mexico29 April 2013, Published under Cement NewsMexican cement producer Grupo Cementos de Chihuahua (GCC) posted a net loss of MXN98.6m (US$8.1m) in 1Q13 down from MXN109m in the same period of last year. Unfavourable winter weather conditions in the US, the firm's largest market, and the peso appreciation against the US dollar negatively impacted the 1Q13 top line, with sales decreasing to MXN1.44bn from MXN1.5bn a year earlier. Operating costs also rose 2.8 per cent YoY as the operative result went into the red, dropping to MXN8m. ... |
South Cement to issue CNY1.5bn bills, China29 April 2013, Published under Cement NewsSouth Cement has said it plans to issue CNY1.5bn (US$243m) in short-term bills with a maturity of 365 days in the interbank market on 2 May 2013 to repay bank loans and replenish the company's working capital. The bills will be issued at face value and the coupon rate determined in the process of book building, the company said in a statement. Both value and payment due date is set on 3 May 2013 and the to-be-issued bills tradable 6 May 2013. Shanghai Brilliance Credit Rating & Investo... |
InterCement sells 52 per cent in Portuguese C+PA to Votorantim29 April 2013, Published under Cement NewsBrazilian producer InterCement has sold a 52 per cent stake in Portuguese cement and building materials maker C+PA to Votorantim. Portuguese construction group Teixeira Duarte still controls 48 per cent in C+PA, , according to Portuguese daily Diario Economico. InterCement, part of Brazilian diversified holding group Camargo Correa, indirectly controls the stake in C+PA via Portuguese cement producer Cimpor. Cimpor recognised impairments of EUR33.6m with the transaction. |
Cemex Latin American Holdings has a weaker first quarter26 April 2013, Published under Cement NewsCemex Latin American Holdings reported a 2.5 per cent decline in first quarter turnover to US$383.3m, but the EBITDA did improve by 8.1 per cent to US$140.7m. The increase at the trading level was a more modest 1.9 per cent to US$117.5m. After a net interest charge of US$29.4m, the pre-tax profit emerged at US$83.2m. Net debt at the end of March amounted to US$1514m, giving a gearing level of 119.9 per cent. Cement shipments in the quarter declined by 8.4 per cent to 1.69m, of w... |
Lafarge sells Ukraine cement plant to CRH26 April 2013, Published under Cement NewsLafarge is to sell its cement activities in Ukraine to CRH plc for an enterprise value of EUR96m. Lafarge, through its subsidiary Mykolaivtsement, operates a 1.3Mta integrated wet-process works at Mikolaiv in western Ukraine, near Lviv and has a domestic market share of around 12 per cent. The transaction, which is expected to close before year-end, is subject to relevant Ukrainian authorities' approval. Lafarge will remain present in Ukraine through three aggregates quarries serving ... |
Vicat advances in Asia and Americas26 April 2013, Published under Cement NewsVicat's first quarter turnover was ahead by 1.2 per cent to EUR491m, which represents an underlying improvement of 2.7 per cent. Cement turnover was up by 1.8 per cent to EUR304m, with cement shipments advancing by eight per cent to 4.1Mt. Turnover in concrete and aggregates rose by 6.7 per cent to EUR181m as aggregates shipments rose by 10.1 per cent to 4.73Mt and ready-mixed concrete deliveries jumped by 21.7 per cent to 1.8Mm³. Other products and services registered a 0.4 per cent incr... |
Dangote Cement net profit boosted by increased capacity25 April 2013, Published under Cement NewsDangote Cement Plc, Nigeria’s largest cement producer said full-year profit gained 24 per cent attributed to increased capacity improving sales. Net income for the year through December advanced to NGN149.6bn (US$941.8m) from NGN120.9bn earlier, the company said in an e-mailed statement. Revenue rose 24 per cent to NGN298.5bn. Chairman Aliko Dangote, said new capacity accounted for a 20 per cent increase in sales. “By the end of 2012 we were preparing to make Nigeria an exporter of c... |