Cement News: Corporate

24 March 2017

Ukraine: Mykolaivcement returns to profit in 2016

PJSC Mykolaivcement, owned by CRH of Ireland, reached a net profit of UAH31.394m (US$1.16m) in 2016, a considerably improved result when compared with the 294.6m loss reported in 2015. Current liabilities decreased by 33.4 per cent to UAH 212.621m, while long-term liabilities increa...

24 March 2017

India: Emami commissions 2Mta grinding plant in West Bengal

Emami has commissioned its 2Mta cement grinding unit at the Panagarh Industrial Park in the Burdwan district of West Bengal, India. The INR7bn (US$107m) works has been developed on a 65-acre site and is part of th...

23 March 2017

Titan FY16 results bring net profits of EUR278.6m

Titan Group's 2016 financial results recorded a significant improvement in profitability, thanks to the continuing growth of the US market and the recovery of results in Egypt. Consolidated turnover reached EUR150...

23 March 2017

Lafarge Africa reports EBITDA FY16 of NGN29bn

Lafarge Africa plc reports a significant increase in profit after tax in 4Q16 while net sales and operating EBITDA rose by 12 and 288 per cent, respectively in 4Q16. However, operating EBITDA for FY16 fell to NGN2...

Adelaide Brighton appoints Zlatko Todorcevski as non-executive director 23 March 2017

Adelaide Brighton appoints Zlatko Todorcevski as non-executive director

Australia’s Adelaide Brighton has appointed Zlatko Todorcevski as non-executive director with effect from 22 March 2017. Mr Todorcevski is President of the Group of 100, the peak body for Australia's Chief Financia...

22 March 2017

Nepal: Hetauda Cement sees improved pricing environment

Nepal-based cement producer Hetauda Cement Factory recorded a profit of NPR40m (US$382,292) in the last fiscal year and is now targeting a profit of NPR200m in the current fiscal thanks in part to higher cement price...

Cimpor books larger loss in 2016 23 March 2017

Cimpor books larger loss in 2016

With declining volumes in Cimpor's three most important markets. In Brazil, Argentina and Portugal, the turnover fell by 26.1 per cent in 2016 to EUR1842.8m and EBITDA came off by 32.9 per cent to EUR352.6m. After...

21 March 2017

Lafarge Malaysia earnings expected to bounce back

Lafarge Malaysia Bhd’s (Lafarge) earnings are expected to bounce back in FY17 and FY18 on the back of local cement sales growth as well as contributions from its collaboration with the federal government, according t...

23 March 2017

Arkan to close UAE factory

Building materials industrial conglomerate Arkan has announced its decision to permanently close its Emirates Cement Factory (ECF) in Al Ain, Gulf Digital News has reported. The announcement from Arkan's board come...

21 March 2017

Peru: Unacem sees sales slip 4.3% in 2016

Unacem sales fell 4.3 per cent in 2016 to PEN1865m in 2016. In Ecuador, its subsidiary Unacem Ecuador sold 1.2Mt of cement at a value of US$153.2m. In the US Drake Cement in Arizona sold 546,000st or US$83m. The P...

21 March 2017

Semen Baturaja full-year profit down 21%, revenue rises slightly

Indonesia state-owned producer Semen Baturaja’s profit declined by 21 per cent in 2016 to IDR274.09bn (US$20.6m) due to revenue growth being lower than its costs, the Jakarta Post reports. Last year Semen Baturaja'...

20 March 2017

Camargo reportedly selling cement unit

It has been reported by local press that Camargo Correa SA, the Brazilian family-owned conglomerate that has exited some of its businesses over the past year, has put its InterCement SA unit up for sale. According ...

23 March 2017

Ukraine: Dyckerhoff Cement losses increase five-fold

Preliminary figures indicate that in 2016, Dyckerhoff Cement Ukraine, part of Dyckerhoff AG, increased its loss by UAH66m (US$2.46m) to UAH80.82m. The company's assets as of late 2016 were UAH2.16bn, long-term lia...

20 March 2017

Cemex will not supply border wall

Mexico-based Cemex says it will not participate in construction of President Donald Trump's border wall. The company has been viewed as a potential beneficiary of President Trump’s plans, but Cemex has come under ...

24 March 2017

Uruguay: Ancap to make further production cuts

Ancap is expected to make cuts in overtime, security and cleaning personnel to move the company's results closer to the black while keeping both plants at Minas and Paysandú operational, according to the newspaper El...

24 March 2017

Cemex launches Cemex Ventures

Cemex has announced the launch of Cemex Ventures, the company's open innovation and venture capital unit. According to a statement by the company, Cemex Ventures will develop opportunities in key focus areas outs...