Cement News tagged under: international
Challenging year in store for Holcim Indonesia?11 March 2015, Published under Cement NewsHolcim Indonesia will be challenged by tighter competition and high debt levels that could spike costs this year, according to a report by Bahana Securities has said after the cement producer announced 30 per cent lower profits last year. Indonesia's third-largest cement producer saw its net profit plunge to IDR668.35bn (US$50.69m) in 2014 from IDR952.11bn in 2013, as costs soared, despite an increase in revenues which were up 8.67 per cent YoY. However, the rise in revenues was could not... |
Jaipur plant proposals, India10 March 2015, Published under Cement NewsFive new cement plants will be set up in Jaipur, the largest city of the northern Indian state of Rajasthan, with a total production capacity of around 3Mta. The mines department has issued a letter of intent (LOI) to the firms and submitted the application for approval from the Union government. Three LOI have been given for blocks at Chittorgarh while two are issued for the blocks in Jaisalmer district. The proposal of all the five blocks have been sent to Geological Survey of India (GS... |
Holcim says does not comment on shareholder reactions to merger terms09 March 2015, Published under Cement NewsHolcim said on Monday it would not comment on press reports about shareholder reactions to the terms of its planned merger with Lafarge. "The board of Holcim has taken note of press statements about shareholder reactions relating to the commercial terms of the combination," Holcim said in a statement. The company added that any transaction will have to be approved by two-thirds of Holcim's shareholders in an extraordinary general meeting, and two-thirds of Lafarge's shareholders will need ... |
Titan Egypt's profits decline, but Greece and the USA recover06 March 2015, Published under Cement NewsTitan's turnover improved by 2.7 per cent in 2014 to EUR1158.4m but the EBITDA emerged 2.6 per cent lower at EUR181.6m. Following an 8.5 per cent reduction in the depreciation charge, the trading profit advanced by 7.0 per cent to EUR76.6m. The net financial charge increased by 6.2 per cent to EUR65.7m and there was a EUR31.1m foreign exchange gain compared with a loss of EUR18.4m in the previous year. There was a pre-tax profit of EUR46.8m compared with a EUR9.4m loss the year before. At... |
Bamburi Cement pretax profit grows by 5.5%06 March 2015, Published under Cement NewsBamburi Cement of Kenya yesterday announced a 5.5 per cent increase in pretax profit from KES5.5bn (US$1.8bn) to KES5.8bn in its full-year results for 2014. Group’s turnover increased by six per cent from KES34bn in 2013 to KES36bn mainly as a result of improved market conditions in Uganda, which is expected to continue into 2015. Commenting on the company’s results, the board stated: “We have made good progress by ratcheting up sales locally and within the region. In addition to improvi... |
Pakistan shipments advance over first eight months06 March 2015, Published under Cement NewsTotal cement shipments over the first eight months of the current Pakistan fiscal (July-February 2015) rose eight per cent YoY, according to data by the All Pakistan Cement Manufacturers’ Association. The advance was led by domestic sales which climbed 11 per cent YoY to reach 17.4Mt. Exports, however, declined one per cent to 5.12Mt over the same timeframe, with contrasting results in the north and south. February sales update During February 2015, total dispatches rose by seven per cen... |
Yanbu Cement Co signs contract for WHR plant05 March 2015, Published under Cement NewsYanbu Cement Company (YCC), one of Saudi Arabia’s leading cement companies and a major player in the western region of the kingdom, has signed a contract for the establishment of a 34MW waste heat recovery (WHR) power plant at its cement plant located north of Yanbu town. Sinoma Energy Conservation Ltd of China will set up the WHR plant at a cost of US$61.8m. The agreement was signed in YCC's head office in Jeddah yesterday. Raouf Abuzinadah, managing director of Yanbu Cement Company,... |
SCG Indonesia on course to launch operations in 3Q1505 March 2015, Published under Cement NewsSCG Indonesia, part of SCG Cement is set to launch operations of its first cement plant in Indonesia during the third quarter of the year. The US$356m cement plant, situated in Sukabumi, West Java, is slated to produce as much as 1.8Mta, SCG Indonesia country director Nantapong Chantrakul told reporters in Jakarta on Tuesday. The plant’s products, all of which will be sold locally, will enable SCG Indonesia’s cement operations to sustain itself without imported products from Thailand. “Mo... |
Lafarge told to suspend operations in Slovenia over enviro permits05 March 2015, Published under Cement NewsSlovenian producer Lafarge Cement said on Wednesday that the country’s environment inspectorate has ordered the plant to suspend operations for lacking environmental permits. The inspectorate acted following a recent decision of the European Commission to refer Slovenia to the European Court of Justice for failing to issue an industrial permit to a major cement factory. The Commission is also asking for fines to be imposed. Lafarge Cement said in a statement on its website it will respe... |
Semen Indonesia targets higher 2015 revenue and profit05 March 2015, Published under Cement NewsSemen Indonesia is targeting a 2015 profit of IDR5.93trn (US$456m), up from IDR5.56trn in 2014, the Kontan newspaper reported, quoting Ahyanizzaman, Semen Indonesia's finance director. The country’s largest cement maker, according to its recently published financial result, saw its 2014 net profit up slightly by 3.53 per cent from IDR 5.37trn (US$413.43m) in 2013. Semen Indonesia investor relations head Agung Wiharto said Tuesday that despite a 10.16 percent YoY increase in revenue to IDR2... |