Cement News tagged under: international
Pakistan cement sector shows mixed nine-month results09 May 2011, Published under Cement NewsPakistan cement producers’ revenues during first nine months of FY10-11 (July-March) were up by nine per cent YoY thanks to an improved pricing environment (which saw an increase of 16 per cent YoY). However, this rise was not reflected in gross margins as they remained stagnant on YoY basis owing to an eight per cent increase in the cost of sales backed by a 34 per cent YoY increase in coal prices during the period, says InvestCap Research. CemNet studied financial results of number o... |
Dangote Cement plans London share sale by end-201208 May 2011, Published under Cement NewsDangote Cement Plc, Nigeria’s biggest company by market value, plans to raise funds in a London share sale before the end of 2012 as it moves to more than double output in two years, Chairman Aliko Dangote said. The Lagos-based company plans to invest US$3.9bn over the next 28 months to boost cement output to 50Mt by 2013 from an estimated 20Mt this year, Dangote said today in an interview in Cape Town, where he is attending the World Economic Forum on Africa. The cement maker will sell gl... |
Holcim pays US$423,000 in fines, USA07 May 2011, Published under Cement NewsNearly all of the fines assessed against the Holcim cement plant for the more than 300 safety violations cited there since 2008 have been paid, according to records from the Mine Safety and Health Administration. Holcim has paid US$423,000 to date on 311 citations, the records show, while three citations from over a year ago with penalties totaling almost US$2800 are still being contested by the cement giant. The three citations, all cited at the beginning of 2010, include failure to ... |
Cementos Portland Valderrivas widens loss06 May 2011, Published under Cement NewsSpanish cement producer Cementos Portland Valderrivas closed the first quarter of 2011 with an attributable net loss of EUR10.9m (USD 16.2m) versus a EUR 8.6m loss a year ago. Revenue came in at EUR186.6m, losing 2.5% on the year. The worsened performance was chiefly due to the adverse weather conditions in the first three months of the year and higher energy costs. EBITDA came in at EUR 36.9m, an annual plunge of 16.9% for the three month period, while the earnings before interest and tax... |
Eagle turnover stable, cancels Nevada modernisation06 May 2011, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March was virtually stable, with an increase of 0.7% to US$537.1m. Of the total turnover, cement accounted for 41.3%, plasterboard for 38.1%, plasterboard liner for 12.5% and aggregates & concrete for 8.1%. The trading profit came off by 23.4% to US$60.7m, but corporate overheads increased by 4.9% to US$16.7% and other non-operating expenses more than quadrupled ... |
India’s Jaiprakash April cement shipments up 15% YoY05 May 2011, Published under Cement NewsIndia’s Jaiprakash Associates said on Wednesday cement shipments in April rose 15 per cent to 1.44Mt. The engineering and construction firm, which also has interests in hospitality and power, operates capacity to produce 21.3Mta of cement. |
Lafarge lowers demand forecasts on lower 1Q11 results05 May 2011, Published under Cement NewsLafarge has lowered its forecast for demand in 2011 after it posted slightly lower-than-expected first-quarter results. While the company said it is well positioned for 2011 earnings growth it is now forecasting a rise of 2-5 per cent in demand. In February, it predicted a 3-6 per cent rise increase. Lafarge said in a statement on Thursday current operating profit fell five per cent to EUR224m (US$312.9m) in the first quarter. Sales rose nine per cent to EUR3.56bn, driven by higher volu... |
Eurocement Ukraine ends 2010 with loss04 May 2011, Published under Cement NewsOne of the three largest Ukrainian cement producers, Eurocement Ukraine company (former Baltsem, Balakleia, Kharkiv region) finished 2010 with UAH 117.47m in the red. The company announced this in a statement, a copy of which Ukrainian News has obtained. In 2010, the company cut its net revenues by 9.47% or UAH 123.70m over 2009, to UAH 1,182.794m. |
Volcan subsidiary acquires stake in Polpaico, Chile04 May 2011, Published under Cement NewsA subsidiary of Peruvian polymetallic miner Volcan has bought a minority interest in Chilean cement company Polpaico. Empresa Minera Paragsha has acquired a 17.66% interest in Polpaico, Volcan reported to Peruvian securities regulator Conasev. Volcan is the second Peruvian company to enter the Chilean cement market after holding Brescia acquired a controlling interest in Lafarge’s local branch, Melón, for US$555m in 2009. Polpaico, controlled by Holcim, has roughly one-third of the Chilea... |
Holcim Philippines 1Q net profit down 43% YoY04 May 2011, Published under Cement NewsHolcim Philippines Inc said Wednesday its first-quarter net profit fell 43% from a year earlier, with sales weighed by weak demand compared with the same period of 2010, when cement consumption got a boost from election-related spending and reconstruction following major typhoons. Holcim said its net profit in the January-March quarter dropped to PHP818.6m (US$19m) from PHP1.43bn as sales declined 12% to PHP5.65bn from PHP6.42bn. Higher manufacturing and distribution costs as well as operat... |