Cement News tagged: Corporate
Cementir benefits from the consolidation of US activities
Cementir's turnover for the first nine months of 2018 rose by 4.8 per cent to a restated EUR893.18m thanks to the full consolidation of Lehigh White Cement from the second quarter of this year and a higher Asia-Pacific turnover, but the eastern Mediterranean contribution was lower. EBITDA improved by 5.2 per cent to EUR163m and the trading was ahead by 6.2 per cent to EUR106.4m. After a net fi...
Aliko Dangote has targeted Kenyan producer believed to be ARM
Dangote Cement is understood to be in talks to buy the troubled Kenyan cement maker ARM. This follows an interview of Aliko Dangote by Bloomberg News in which he said: "There is a company which... has operations in Tanzania, Kenya and Rwanda and we are talking to the company to see if we can take it over," said Mr Dangote. ARM was not named in the discussion, but it is the only cement pr...
Loma Negra reports 47% 3Q revenue growth
Argentina-based Loma Negra has posted a net revenue of ARS6.131m (US$192m), up 47.2 per cent YoY in the third quarter of 2018. The company has attributed the increase to growth in its cement, masonry and lime business in Paraguay and its concrete operations in Argentina. In Argentina the company’s cement, masonry and lime reported a 41.5 per cent increase in net revenues due to a favourable ...
Taiwan Cement Corp sees 40% revenue hike in October
Taiwan Cement Corp reported a 40.1 per cent surge in revenues in October to TWD11.753bn (US$381.9m) from TWD8.388bn in October 2017. Revenues advanced by 31.1 per cent to TWD101.411bn in the first 10 months of 2018 when compared with January-October 2017 revenues of TWD77.339bn.
Lucky Cement sees 16% YoY rise in October revenues
Taiwan-based Lucky Cement posted a 15.6 per cent YoY increase in revenues to TWD300.24m (US$9.6m) in October 2018 from TWD259.826m in the year-ago period. Revenues fell by 3.2 per cent to TWD2.761bn between January-October 2018 from TWD2.853bn in 10M17.
BUA Cement announces completion Okpella plant
BUA Cement has announced the completion of its new 3Mta cement plant in Okpella, Edo state, Nigeria. Its output is expected to be delivered to the southern and southeastern Nigerian markets, enabling the company to gain a stronger foothold in these areas. The Okpella facility will be able to be fuelled with gas and heavy oils. The company is expected to announce a date for the formal inau...
Hsing Ta Cement posts 32% rise in 10M revenues
Taiwan’s Hsing Ta Cement reported a 93.3 per cent YoY increase in revenues to TWD729.87m (US$23.7m) in October 2018 from TWD377.596m in the year-ago period. For the first 10 months, revenues rose by 32.2 per cent to TWD5.447bn in 10M18 from TWD4.121bn in January-October 2017.
Dangote Zambia sees surge in cement sales
Dangote Cement Zambia Ltd has reported a 40.9 per cent rise in sales to 768,000t of cement in the first nine months of 2018 supported by an increase in demand for housing and infrastructure. “We remain positive about the future as a business because of the increased cement demand from construction sector. We have claimed over 40 percent of the market simply because it is a preferred brand,”...
Buzzi Unicem's 9M18 cement volumes rise by 3.1%
Buzzi Unicem reports that its 9M18 cement volumes recorded a rise of 3.1 per cent to 20.9Mt, up from 20.3Mt in 9M17. Consolidated net sales for the 9M18 amounted to EUR2137.4m , up 0.2 per cent compared to EUR2133.4m in the same period of 2017. Cement and clinker sales of the group in the period January-September 2018 stood at 20.9Mt, an advance of 3.1 per cent compared to the previous y...
Taiheiyo Cement sees 2% advance in net profit for 1HFY18
Taiheiyo Cement has reported a four per cent increase in revenue to JPY438.7bn (US$3.86bn) in the first half of FY18, ended 30 September 2018. In 1HFY17 the company saw a revenue of JPY421.94bn. Operating profit slipped to JPY27.38bn in 1HFY18 from JPY27.43bn in 1HFY17 while pretax profit fell to JPY27.11bn from JPY28.07bn in the year-ago period. Net profit edged up 2.4 per cent from JPY16.93...
Flying Cement make two director changes
Pakistan-based Flying Cement Co Ltd in Pakistan has appointed two new directors, Nadeem Tufail and Waqar Zahid. They replace Imran Chaudry and Muhammad Tawassal Majeed, respectively, from 31 October. As a result, the company's new Board of Directors now comprises: Agha Humayun Khan as Chief Executive and seven directors, ie Kamran Khan, Momin Qamar, Yousuf Kamran Khan, Qasim Khan, Samina Ka...
Vicat hit by weaker exchange rates
Vicat's turnover for the first nine months of the year advanced by 1.4 per cent to EUR1947m, which represents an underlying improvement of 7.6 per cent. The gearing level was reduced from 38.1 per cent at the end of September last year to 37.1 per cent this time. Turnover in cement was 1.8 per cent ahead at EUR1124m and represented 51 per cent of the group total. Cement deliveries improved by ...
FLSmidth reports 71% order increase in 3Q18
FLSmidth has released its interim 3Q18 report and recorded a 71 per cent order increase to DKK7.164bn (US$1.102bn), on the back of two large cement plant orders in Central America at a combined value of DKK1.9bn. This brought the order backlog to DKK17.2bn, the highest level in three years. "It makes us proud each time a customer selects us to deliver and install mission critical equipment o...
Martin Marietta Materials reports double-digit 3Q growth
Martin Marietta Materials’ nine-month turnover improved by 7.6 per cent to US$3224m and increased turnover by 12.1 per cent to US$1219.6m in the third quarter of 2018. EBITDA advanced by 15.1 per cent to US$349m. The trading profit only improved by six per cent to US$240.7m, the net attributable profit rose by 18.9 per cent to US$180.2m. The aggregates turnover increased by 9.8 per cent to ...
Dandot Cement's losses depend in FY08
Dandot Cement Company Ltd (DCCL) of Pakistan announced its financial results for the year ended 30 June 2018, declaring a net loss of PKR751.45m (US$5.62m) up by 42.4 per cent YoY, as compared to loss of PKR527.68m reported in the same period last year. DCCL's net sales decreased by 27.7 per cent to PKR1.3bn YoY, as compared to PKR1.8bn in the same period last year. The company incurred l...
Cementos Yura sees 30% 3Q net profit fall
Peru-based Cementos Yura saw its net profit fall by 30 per cent YoY to PEN52m (US$15.4m) in the third quarter of 2018. The company has attributed the slide to a lower gross profit as the cost of sales increased 14 per cent YoY to PEN146m due to higher clinker production costs. Sales increased to PEN261m with domestic shipments up four per cent due to higher demand for the Yura and Frontera b...