Corporate

29 July 2016

Strong Europe performance boosts HeidelbergCement 2Q16 results

A robust performance in Europe has contributed to HeidelbergCement’s improved 2Q16 results. The Germany-based building materials producers reported second-quarter sales of EUR3.575bn, down two per cent YoY but up one per cent on a like-for-like (LFL) basis. All business lines saw their...

29 July 2016

Dangote reports 60% rise in sales in 1H16

Dangote Cement announced its unaudited results for the six months ended 30 June 2016. The company saw its revenue grow by 20.6 per cent to NGN292.2bn (US$925m) but lower selling prices, higher fuel costs and the impa...

29 July 2016

Titan's US business continues to advance

Titan's first-half turnover improved by 7.6 per cent to EUR723.8m and EBITDA was ahead by 13.5 per cent to EUR119.5m. Following an increase in the depreciation charge of a modest 6.7 per cent, the trading profit impr...

29 July 2016

Cementir expands into Belgium

Cementir's turnover improved by 1.1 per cent to EUR481m in first half of the year, as the improvements in Denmark, Norway and Sweden as well as Malaysia made up for lower results from Italy, Egypt and China, while Tu...

29 July 2016

Pakistan: FECTC to add 0.95Mta capacity

One of Pakistan's smaller cement companies, Fecto Cement Ltd (FECTC) is reported to plan a new cement plant in Kalar Kahar, Chakwal district, Punjab. The works is expected to add 0.95Mta of capacity to the company...

29 July 2016

Lucky Cement announces Karachi plant expansion

Pakistani cement producer Lucky Cement Ltd informed Pakistan Stock Exchange (PSX) that it will be expanding the capacity of its Karachi cement works by 1.25Mta in a US$30m project.  This is in addition to the prop...

28 July 2016

Cemex Latin American Holdings sees improved cement volumes in Colombia

Cemex Latin American Holdings' first-half turnover fell by 10.1 per cent to US$672.1m, while EBITDA came off by 4.4 per cent to US$226.1m. At the trading level there was a 4.3 per cent reduction to US$183.5m. After a...

28 July 2016

Siam City Cement acquires Cemex Bangladesh

Siam City Cement, one of Thailand’s largest cement producers, acquired Cemex Cement Bangladesh Ltd on Tuesday. The Cemex operations are now known as Siam City Cement (Bangaldesh) Ltd. A statement released by the co...

28 July 2016

Fiji: Pacific Cement sales rise 19%

Fijian manufacturer Pacific Cement has announced that over the past 12 months it has sold 150,561t of cement, of which 104,000 was consumed domestically, according to the Fiji Times. This represents an increase ov...

28 July 2016

India: Zuari Cement gets new MD as part of Italcementi acquisition

Jamshed Naval Cooper, formerly CEO and managing director of HeidelbergCement India Ltd (HCIL), is to become managing director of Zuari Cement and managing director of HCIL, India Infoline reports. Mr Cooper, who p...

28 July 2016

Saudi Arabia: Eastern Province Cement Q2 profits fall 46%

Eastern Province Cement Company’s net profits dropped 46.2 per cent YoY to SAR50m (US$13.3m) in 2Q16, compared to SAR93m (US$24m) in the same period in 2015.This decrease is attributed to lower operating profit, lowe...

28 July 2016

Cemex reports 6% rise in net consolidated sales and EBITDA

Cemex reported a six per cent YoY rise ­– on a like-for-like basis for the ongoing operations and adjusting for currency fluctuations ­– in net consolidated sales for the second quarter of 2016. The company saw it...

28 July 2016

India: Ambuja and ACC report profit rises for 2Q16

LafargeHolcim’s Indian subsidiaries ACC and Ambuja Cements have both reported an increase in profits for the second quarter of 2016. In the three months to June, Ambuja Cements’ net sales were up only modestly, cl...

27 July 2016

Spain: Cementos Portland improves loss

Cementos Portland reported a loss of nearly EUR36.8m (US$40.5m) in the first half of 2016, a 7.9 per cent YoY improvement when compared with the EUR39.9m loss in 1H15. EBITDA improved 23 per cent to EUR46m. Revenu...

27 July 2016

India: UltraTech purchases more coal linkages

UltraTech Cement has won an auction for 95,000t of coal from  Junadhi Mines in Chhattisgarh. The rights to use the coal are being sold off as part of a wider exercise within the Indian coal industry.  UltraTech w...

28 July 2016

UK CMA gives final clearance in Breedon’s Hope acquisition

UK Competition and Markets Authority (CMA) has cleared Breedon to acquire Hope Construction Materials following its acceptance of Breedon’s undertakings in lieu of a reference to a Phase 2 investigation in respect of...