Corporate

04 May 2016

HeidelbergCement sees losses shrink in 1Q16

HeidelbergCement’s cement sales volume rose five per cent YoY for the period from January to March 2016, reaching 17.6Mt for the quarter. According to results released by the company, sales of aggregates also rose, while ready-mix volumes were flat and those of asphalt were down by 12 ...

04 May 2016

Cementos Portland reports EUR29.6m loss in 1Q16

Spain’s Cementos Portland reported a loss of EUR29.6m (US$34m) in the first quarter of 2016, 0.4 per cent less than in 1Q15 due to a recovery in sales and savings in energy costs, the company informed the stock excha...

04 May 2016

Holcim Philippines forecast flat net income

Holcim Philippines Inc delivered flat earnings in 1Q16 although the cement maker expects strong private construction activity and the implementation of the projects under the government's public-private partnership (...

04 May 2016

USA: Vulcan Materials sees 15.6% profit improvement

Vulcan Materials, the largest US aggregates producer, generated a first-quarter turnover 15.6 per cent higher at US$754.7m while EBITDA doubled (+100.3 per cent) to US$155.9m. At the trading level, the first-quarter ...

04 May 2016

Oman Cement Co 1Q16 profits up

Oman Cement Company has reported a profit after tax of OMR3.84m (US$9.97m) during 1Q16 as compared to OMR3.83m in corresponding period last year – showing a minor growth of 0.28 per cent. The company recorded a total...

04 May 2016

Holcim Indonesia expects capacity up 12% to 15Mta in 2016

Following the acquisition of PT Lafarge Cement Indonesia, Holcim Indonesia increased its domestic production capacity by 1.6Mta to 15Mta, the company said in a statement. In addition, the cement producer’s 1.7Mta ...

04 May 2016

Pakistan: Attock Cement receives PKR7bn to finance expansion

Attock Cement Pakistan Limited (ACPL) has achieved another milestone of success by signing financial close amounting to PKR7bn (US$66.85m) to part finance new production line of 4000tpd of cement plant. The loan ha...

03 May 2016

Cemex intends to reduce its US exposure to reduce debt

In a further effort to reduce its high gearing, which stood at 180.1 per cent at the end of March, Cemex has agreed to sell assets worth US$400m to a US subsidiary of the Mexican Grupo Cementos de Chihuahua. The ...

03 May 2016

Spain: Cementos Molins 1Q16 profit up 1.7%

Cementos Molins posted profits of EUR15.36m for Jan-Mar 2016, up 1.7 per cent YoY. However, sales reached EUR130.69m, 10.2 per cent down when compared with 1Q15. The business result was impacted by a contractio...

29 April 2016

Moody affirms LafargeHolcim's rating at Baa2

Financial analysts Moody has today affirmed the Baa2 long-term and Prime-2 short-term ratings for LafargeHolcim Ltd (LH) and its rated subsidiaries and changed the outlook to "negative" from "stable". "The outlook...

29 April 2016

Soc Cimenterie du Sahel to enter Mauritania market

The Mauritanian government has approved a project by Société Cimenterie du Sahel to set up a new cement plant. It is expected that the EUR27.118m investment will generate 300 new jobs, including 78 permanent ones. ...

29 April 2016

India: UltraTech’s profits rise to US$109m for 1Q16

UltraTech Cement’s quarterly earnings statement for 1Q2016 show consolidated net profit growth of 10 per cent reaching INR7.23bn (US$109m) for the year to March, according to a report in Mint. Capacity utilisation wa...

29 April 2016

Lafarge Africa posts US$9.5m quarterly loss as price squeeze bites

Nigerian-based Lafarge Africa has seen revenues fall by 29 per cent to NGN52.4bn (US$263m) in the first quarter of 2016, leading the company to record an after-tax loss of NGN1.9bn (US$9.5m). According to Bloomber...

29 April 2016

Ambuja Cements reports 4.4% profit fall

India’s Ambuja Cements has reported a 4.4 per cent fall in net profit, which reached INR3.038bn (US$45.6m) in 1Q16. In the first quarter of 2015, net profit reached INR3.177bn. The company’s income has decreased by ...

29 April 2016

Australian cement companies fined AUD18.62m

After the Australian Competition and Consumer Commission (ACCC) brought the proceedings against four Australian cement manufacturers in 2008, the Federal Court has finally ordered the four cement companies pay more t...

28 April 2016

Vicat sees 1Q2016 revenues reach EUR554m

In their quarterly statement for 1Q2016, Vicat announced that turnover improved by 3.3 per cent YoY to EUR554m (US$629m), which represents an underlying advance of 6.5 per cent. Cement turnover was up by 1.5 per cent...