Cement Industry News tagged under: Corporate

28 April 2017

Cemex reports jump in net profit

Cemex reported a jump in net profit to US$336m in the 1Q17 from an income of US$35m in the same period of last year, as the Mexican major as the cement maker continued to sell assets and reduce debt. On a like-for-like (LFL) basis for the ongoing operations and adjusting for currency...

28 April 2017

Eagle Cement moves listing date

Eagle Cement Corp has moved the listing of its shares on the Philippine Stock Exchange (PSE) from 17 May 2017 to 29 May 2017 as it awaits all the necessary regulatory approvals. The cement producer is embarking on ...

28 April 2017

Semen Baturaja reports IDR259bn net profit in 2016

Indonesia state-owned cement producer Semen Baturaja reported an IDR259bn (US$19.4m) in net profit last year, ANTARA News reports. At the company's annual general meeting on Thursday, shareholders decided to pay o...

27 April 2017

Holcim Philippines sees 'challenging' 1Q17

Lower public infrastructure spending, tighter industry competition and higher production expenses led to a dip in Holcim Philippines' first-quarter financial performance, the company reported today. The company’s...

Anhui Conch attributable profit up 86% 27 April 2017

Anhui Conch attributable profit up 86%

Anhui Conch Group’s net profit attributable to equity shareholders increased by 86.41 per cent YoY in the first quarter of this year to CNY2.153bn (US$312m). Operating profit rose by 139.4 per cent in the reporting...

27 April 2017

Yanbu reports decline in 1Q profit

Saudi-based Yanbu Cement’s profits declined by 27.49 per cent YoY to SAR124m (US$33m) in the first quarter of 2017 from SAR171m. The decline in profits was attributable to weaker demand and fierce competition, accor...

LafargeHolcim launches Disensa in Mexico 27 April 2017

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...

27 April 2017

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 Yue...

27 April 2017

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...

26 April 2017

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...

27 April 2017

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...

26 April 2017

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 he...

27 April 2017

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 I...

25 April 2017

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 tempora...

25 April 2017

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 ...

24 April 2017

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 respo...