Corporate

22 October 2014

China: Anhui Conch boosts profits and Gansu Shangfeng Cement invests

Anhui Conch Cement reports that its net profit attributable to equity shareholders for the first nine months of 2014 rose 51.8 per cent YoY to CNY8173m (US$1.3bn). The company’s basic and diluted earnings per share were CNY1.54. The revenue was CNY43,675m, an increase of 18.01 per cent...

22 October 2014

Aditya Birla Group bids for Lafarge, Holcim units

India’s Aditya Birla Group submitted bids on Monday to buy Holcim and Lafarge assets. UltraTech Cement and other Aditya Birla Group companies have put in bids for Lafarge and Holcim plants in Brazil and the Philippin...

22 October 2014

Peru: Cementos Pacasmayo to rebound in 4Q14

Peru’s Cementos Pacasmayo is expected to see a two per cent YoY drop in output volumes in 3Q14, according to investment bank JP Morgan. However, the cement producer is forecast to rebound in the 4Q14 by two per cent ...

22 October 2014

Saudi Cement posts stable 3Q profit

Saudi Cement reported a modest rise in 3Q net profit from SAR229m (US$61m) to SAR232m in the year-ago period, according to a bourse filing. The company attributed the rise to improved efficiencies although quarter...

22 October 2014

Lafarge Pakistan launches new precast cement

Lafarge Pakistan held a launch ceremony for its new specialised OPC, Stallion, an early-setting cement formulated to meet the needs of the precast industry. Marketing director, Rizwan Jamil,  said, “Pakistan’s cem...

21 October 2014

Trinidad Cement 9M14 revenues rises TTD97.2m

Trinidad Cement Ltd (TCL) has seen its revenues rise by TTD97.2m (US$15.4m) in the first nine months of 2014. Revenues increased to TTD1.587bn from TTD1.49bn when compared with the same period last year. Profit after...

21 October 2014

Thailand: Siam Cement suffers cement market dip

Thai domestic cement demand dipped around three per cent YoY in 3Q14, as no new infrastructure projects broke ground during 9M14, while many old projects were completed, claims the Nation paper. The weaker demand pro...

20 October 2014

UltraTech sees 47% rise in net profit

UltraTech Cement reported a 47 per cent YoY increase in its consolidated net profit to INR4.16bn (US$67.9m) for July-September, driven by a strong volume growth of 11 per cent and additional volumes from Jaypee’s cem...

20 October 2014

TPI Polene to invest THB3bn to double WtE power plant capacity

TPI Polene, Thailand’s third-largest cement producer intends to spend THB3bn (US$93m) to double the capacity of its waste-to-energy (WtE) power plant in Saraburi to 120MW. Pakkapol Leoprirut, assistant vice-presid...

20 October 2014

Sagar Cement posts INR2.82 net profit

India-based reported a net profit of INR2.82bn in the quarter ended 30 September 2014, compared with a INR115m loss the previous year. The cement maker’s revenues rose by 23.6 per cent to INR1.25 in the July-Septe...

17 October 2014

Cemex Lloseta completes environmental upgrade

Cemex’s 0.804Mta Lloseta plant in Mallorca, Spain, has concluded its US$16m environmental upgrade. The work included noise abatement systems, paving roads for heavy traffic as well as erecting covered raw material an...

17 October 2014

Maruxa Suarez is new Lafarge Villaluenga plant director

Maruxa Suarez has been appointed as the new plant director of Lafarge’s Villaluenga de la Sagra works in Toledo, Spain. She replaces Mariano Garcia Hoyos, who was appointed industrial director of Lafarge Malaysia. ...

17 October 2014

Matteo Rozzanigo new FYM CEO

Matteo Rozzanigo has been appointed as CEO of FYM, Italcementi’s Spanish subsidiary. He is tasked with positioning the company in a cement market, which is expected to stabilise and recover slowly after a prolonged c...

16 October 2014

Holcim and Lafarge to identify non-core assets in India for divestment

Holcim and Lafarge have begun an internal process in India to identify assets which have to be divested to adhere to the requirements of the country’s Competition Commission. Two sources familiar with the matter t...

16 October 2014

Siam Cement 3Q earnings’ outlook

Siam Cement is expected to post a weak net profit for the third quarter of 2014, down 29 per cent YoY and 18 per cent QoQ, according to analysts at SCB Securities. The YoY drop reflects: no extra gain from the rev...

15 October 2014

UltraTech to bid for Lafarge Holcim assets?

UltraTech Cement is reportedly eyeing cement assets being put on the block by Holcim and Lafarge ahead of their planned merge Local press have speculated that the Aditya Birla group company is more interested in Hol...