Corporate

29 August 2014

China Tianrui Group Cement Co attributable profit climbs 15.6% YoY

China Tianrui Group Cement Co said its attributable net profit for the six months to the end of June 2014 rose 15.6 per cent YoY to CNY327m (US$53.2m). Revenue rose 15.4 per cent from a year earlier to CNY4296m. The gross profit margin increased to 22.3 per cent in 1H14 versus 21.6 pe...

29 August 2014

Semen Indonesia looks to diversify business portfolio

Semen Indonesia is exploring potential in non-cement related industries as it looks to diversify its business portfolio, with the property business first on its list. Company finance director Ahyanizzam told repor...

29 August 2014

West China Cement: proposed bond offering for refinancing

West China Cement (WCC) proposes to conduct an international offering of senior notes and will commence a series of roadshow presentations beginning on or around 1 September 2014 to certain institutional investors in...

28 August 2014

Boral's cement shipments rise by three per cent

Boral's turnover in its financial year to the end of June 2014 eased by 1.6 per cent to AUD5204m (EUR3646m), but the EBITDA improved by 3.9 per cent to AUD556m (EUR390m). The trading profit advanced by 28.9 per ce...

29 August 2014

KHD sees slight rise in 1H revenue

German equipment and cement industry services specialists KHD Humboldt Wedag reported a slight increase in first-half revenue compared to the same period of last year but saw a low order intake due to poor market con...

29 August 2014

R&I upgrades Taiheiyo to BBB+

Rating and Investment Information Inc (R&I) has upgraded Taiheiyo Cement to to BBB+ from BBB. The outlook is ‘Stable’. The ratings agency notes that after seeing demand plummet in key markets of Japan and the US in...

28 August 2014

Ceskomoravsky full-year profit hit by low domestic consumption levels

Ceskomoravsky Cement, the leading cement producer in the Czech Republic, posted a profit of CZK586m (EUR21.122m) last year, continuing a decline that began in 2009. The wholly-owned HeidelbergCement group company sa...

29 August 2014

AdBri 1H net profit falls, revenue edges ahead

Adelaide Brighton reported a 3.9 per cent rise in first-half revenue to AUD602m, as improved pricing and increased cement from the residential sector on the eastern seaboard offset a decline in project volumes in Sou...

28 August 2014

Dalmia plans merger of listed cement units

India-based Dalmia Group is considering merging its two listed cement units, OCL India and Dalmia Bharat, according to local press reports citing sources with knowledge in the matter. Following the merger, the swap ...

29 August 2014

Lafarge Cement Wapco pretax profit and revenue rise

Lafarge Cement Wapco reported a double-digit rise in pretax profit and revenue for the first half of 2014 as demand remained strong despite the rainy season slowing building activity. The company, which last month ...

28 August 2014

Cementarnica Usje 1H14 net profit up 28% YoY

Macedonian producer Cementarnica Usje AD Skopje said on Tuesday its consolidated net profit rose 28 per cent to MKD789.2m EUR12.8m) in the first half of 2014. Operating revenue rose by 15 per cent to MKD2bn in the s...

26 August 2014

Fitch: Votorantim Cimentos ‘backbone’ of parent rating

Fitch has affirmed the ratings for Votorantim and its subsidiaries, highlighting that its cement division continues to be the “backbone of the parent company's rating”. The ratings agency notes that Votorantim Cime...

26 August 2014

KHD replaces existing bonding line facility with 'long-term solution'

KHD Humboldt Wedag International AG (KHD) has replaced its existing bonding line facility with a new "long-term solution", the German equipment specialists said in a statement released yesterday. KHD has cancelled ...

29 August 2014

Lafarge Zambia reports first-half profit rise

Lafarge Zambia reported a 66 per cent rise in first half profit to ZMK181m (US$29,86), due in part to favourable volumes and cost control measures.   Company chief executive officer, Emmanuel Rigaux, highlighted that...

28 August 2014

China Shanshui Cement 1H hit by lower prices

China Shanshui Cement Group Ltd announced its unaudited interim results for the six months ended 30 June 2014 which saw softer demand and lower average selling prices dent profitability.   During the reporting period...

22 August 2014

Hungary: HCM needs help to relaunch cement production

Hungarian cement producer Hejocsabai Cement es Meszmu (HCM) will need government support to restart cement production at its Miskolc works, according to the company's managing director, Janos Kalman. The project c...