Cement News tagged: Corporate
LafargeHolcim launches Disensa in Mexico
LafargeHolcim has launched its franchise brand Disensa in Mexico. With the opening of retail stores for construction materials, the company expects to consolidate its presence in the self-construction segment. The cement producer plans to open 200 stores in 2017 and run a total 600 outlets by 2020. LafargeHolcim’s Regional Director of North America, Pascal Casanova, explained in a stat...
Yuen steps down as KHD Supervisory Board Member
Eliza Suk Ching Yuen has decided to step down from the position of Supervisory Board Member of KHD Humboldt Wedag International AG (KHD) effective at the end of the next Annual General Meeting on 23 May 2017. Mrs Yuen was elected to the board in 2012.
CRH sees 4% advance in 1Q sales
CRH reported a ‘satisfactory’ start to 2017 with first quarter sales up four per cent compared with a strong first quarter of 2016 which benefitted from very mild weather conditions across all its major markets. In a trading update released today in advance of its AGM taking place tomorrow, the Irish building materials major said group EBITDA for the "seasonally less significant first half o...
GICA sets new production record
Groupe Industriel des Ciments d’Algérie (GICA) has set, for the second year running, a new production record. In 2016 the company produced 12.6Mt of cement, up four per cent YoY from 12.14Mt in 2015. While claiming that the cement volumes of the group’s 12 cement plants have been fully sold on the market, the cement group stresses that its main objective is to "actively contribute to closing...
Lafarge Africa revenue rises
Lafarge Africa Plc announced a profit after tax of NGN5.2bn (US$17m) versus NGN1.9bn in the same period of last year driven by an increase in revenue, comparatively higher gross margin and higher investment and other income. Cement revenue grew by 61 per cent YoY, as relatively higher prices in both Nigeria and South Africa more than offset the lower sales volume experienced in both markets...
Pacasmayo's volumes impacted by El Niño effect
Peruvian producer Cementos Pacasmayo SAA and its subsidiaries saw revenues decrease by 9.3 per cent and sales volumes of cement, concrete and blocks fell by 12.2 per cent primarily due to landslides, flooding and heavy rain, in the north of Peru since mid-February associated with El Niño. The gross margin of 40.3 per cent was up 3.3 percentage points due to operational efficiencies despite ...
UltraTech Cement FY17 sales edge ahead
UltraTech Cement, an Aditya Birla group company, yesterday reported consolidated sales for FY17 of INR250.92bn (US$3.89bn) against INR248.8bn in the previous year. Profit before interest, depreciation and tax of INR58.61bn was nine per cent higher and profit after tax up 10 per cent YoY to INR27.15bn. Domestic grey cement sales was 47.62Mt, virtually flat on the 47.13Mt recorded a year ear...
Carthage Cement reports domestic sales up 8%
Tunisia’s Carthage Cement has seen its domestic sales rise to TND33.97m (US$13.6m) in 1Q17, up eight per cent YoY. However, the import ban by Algeria has seen the company’s exports to the neighbouring country temporarily suspended, resulting in a 74 per cent drop in cement exports to TND2.2m. The company's overall sales at the end of March decreased by 13 per cent to TND46.3m compared to TN...
Lucky Cement 9MFY16-17 profit and volumes increase
Lucky Cement achieved a profit before tax of PKR14.668bn (US$140.2m) during the first nine months of FY16-17 compared to the PKR13.395bn recorded in the same period a year earlier. Cement volumes increased by 8.3 per cent to 5.53Mt in the nine month period. Exports, however, were down by 23.09 per cent. The increase in revenue of 5.4 per cent was mainly attributed to the higher sales vo...
LafargeHolcim CEO resigns
LafargeHolcim’s Board of Directors today announced it has accepted the resignation of Eric Olsen, CEO of LafargeHolcim. Eric Olsen will leave on 15 July 2017, two years after taking up the CEO role and assuming responsibility for successfully implementing the merger of Lafarge and Holcim. “Eric Olsen is a leader who brought together two companies to create one genuinely global champion. We a...
ACC 1Q sales volumes up 4%
ACC, part of the LafargeHolcim group, reported a four per cent rise in sales volumes for the first quarter of 2017 to 6.6Mt from 6.36Mt a year earlier. The company noted that the rise in volumes came as the impact of the country’s demonetisation move declined and benefits were delivered from ACC’s ongoing customer excellence initiatives and higher sales from the expanded capacity at Jamul an...
Elementia invests US$250m in Mexican cement plant
Elementia anounced it will invest US$250m in the expansion of its Tula cement plant in Hidalgo, Mexico. The project will see capacity at the works rise to 1.5Mta. The contract for the design, equipment supply, construction, installation and commissioning of the 3000tpd clinker plant was awarded to Fives FCB via its subsidiary Trituradora. The expansion is expected to be completed in mid...
Construction begins at McInnis Cement’s Bronx terminal
Work is underway at McInnis Cement’s New York terminal. The site in the South Bronx is part of McInnis’ network of terminals, strategically located throughout the eastern portion of North America and chosen for their access to efficient waterways, as well as their proximity to the market to minimise truck miles to its customers. A new development standard When completed, the 74,600ft2 te...
Taiwan Cement Corp to privatise subsidiary
Taiwan Cement Corp, the country’s largest cement maker, yesterday announced a proposal to privatise its TCC International Holdings Ltd (TCCI) subsidiary and delist from the Hong Kong Stock Exchange. TCCI has cement operations in several southern Chinese provinces. If the proposal is completed, TCCI would become a fully-owned unit of Taiwan Cement, TCCI managing director, Jason Koo, told ...
Philippines: Eagle Materials gets IPO green light
The Securities and Exchange Commission of the Philippines has approved the initial public offering applications of cement-maker Eagle Cement Corp. Based on a document from the SEC, Eagle Cement was given authority to sell up to 575m shares at PHP16/share. The offer will consist of 500m primary shares and up to 75m worth of secondary shares for overallotment, in case of excess demand. ...
Morocco: LafargeHolcim to open Laâyoune grinding unit
LafargeHolcim is preparing to inaugurate its first cement grinding unit in Laâyoune, southern Morocco. The new facility is expected to support the development of the entire south of the country as it supplies cement to major infrastructure and housing projects. HeidelbergCement subsidiary Ciments du Maroc already operates a 0.25Mta grinding works in the area. The company has the option t...