Cement News tagged: Corporate

Star Cement receives government subsidies to reduce debt

10 May 2018, Published under Cement News

Star Cement has received INR2bn (US$29.7m) towards a subsidies claim from the central government. The company intends to use the amount to further reduce its debt. Earlier in April company had received IN800m (US$11.8m) of subsidies and also used it for debt reduction. The total debt for the company following the payment of INR800m is expected at INR3200m, including long-term and short-term ...

Asia contributes strongly to HeidelbergCement 1Q18 results

09 May 2018, Published under Cement News

HeidelbergCement's 1Q18 results saw sales volumes in Europe and North America impaired by a long winter and a reduced number of working days, but some emerging countries recorded considerable increases. Declining sales volumes in Europe and North America were more than offset by significant growth in Asia-Pacific and Africa-Eastern Mediterranean Basin, reports HeidelbergCement. During the fi...

Loma Negra reports 1Q YoY results growth

10 May 2018, Published under Cement News

Argentina-based producer Loma Negra reported a 41.6 per cent rise in net revenues in the first quarter of 2018 to ARS4534m (US$230m) as the company’s combined cement, masonry and lime sales volumes in Argentina increased 9.5 per cent YoY and prices were favourable. Adjusted EBITDA advanced 40.6 per cent YoY to ARS1166m although the EBITDA margin remained flat at 25.7 per cent. In additio...

Asamer Baustoffe seeks buyout bid for Fabrika Cementa Lukavac

10 May 2018, Published under Cement News

Austria's Asamer Baustoffe is launching a buyout bid for Bosnia-Herzegovina-based Fabrika Cementa Lukavac, following a notice posted with the Sarajevo bourse on Tuesday, reports SeeNews. Asamer Baustoffe AG currently holds a 99.3 per cent in Fabrika Cementa Lukavac, while the remainder is in the hands of physical entities.

Martin Marietta reports a weak Q1 on lower volumes

Martin Marietta reports a weak Q1 on lower volumes

09 May 2018, Published under Cement News

Martin Marietta Materials, which last month completed its acquisition of Bluegrass, then the largest privately-held US aggregates company, has announced a first-quarter turnover five per cent below the comparable period last year at US$802m, while EBITDA showed a 16.5 per cent reduction to US$123.3m. The trading profit declined from US$77.2m to US$39.1m, a 49.4 per cent fall. After a net inter...

SMT Shipping and CSL Group announce shipping joint venture

09 May 2018, Published under Cement News

SMT Shipping (SMT) and The CSL Group (CSL) have announced an agreement for CSL to acquire 50 per cent of Eureka Shipping Ltd, SMT's pneumatic cement vessel business. The new joint venture will allow Eureka and CSL to combine expertise, resources and innovative technologies to expand services to customers in the seaborne cement powder and fly ash transportation markets around the world. CSL's ...

LafargeHolcim Bangladesh launches a new cement for plastering

LafargeHolcim Bangladesh launches a new cement for plastering

09 May 2018, Published under Cement News

LafargeHolcim Bangladesh is launching a new specialised cement for plastering called Plastercrete. Plastercrete has been carefully tested to ensure quality and meet customers' particular needs. It covers a larger surface area using less cement, resulting in significant cost savings for customers, said LafargeHolcim's spokesperson. "It would be only for plastering and different from others ava...

Fauji Cement 9M net profits total PKR2.12bn

09 May 2018, Published under Cement News

According to Board of Directors report of Fauji Cement Co Ltd (FCCL), during the nine-month period ended 31 March 2018, it earned a net profit of PKR2.12bn (US$18.36m)  as compared to PKR1.972bn (US$17m) in the same period last year. FCCL achieved capacity utilisation of 98 per cent, compared to 87 per cent in the corresponding period of the last year. FCCL's local dispatches stood at 2.328...

LafargeHolcim reports continued sales growth in 1Q18

08 May 2018, Published under Cement News

Like-for-like net sales were up 3.1 per cent to CHF5.83bn, driven by growth in cement volumes, LafargeHolcim reported in its 1Q results release. In the quarter, the company sold 47.7Mt of cement, 49.8Mt of aggregates and 11.1Mm 3 of ready-mix concrete. While cement sales were up 3.2 per cent on a like-for-like basis, aggregate and ready-mix concrete sales slipped by 1.4 and 1.1 per cent, resp...

Holcim Philippines' net income drops in 1Q18

11 May 2018, Published under Cement News

Holcim Philippines Inc (LafageHoclim group) said net income in the first three months of the year dropped 25 per cent due to higher energy costs and lower cement prices. Holcim reported that net income for the period of PHP700m (US$13.49m), down from the PHP939.4m (US$18.1m) registered a year earlier. Margins were lower due to the higher cost of goods sold from higher input costs driven by f...

Sanghi Cement gets environmental clearance for Abdasa

08 May 2018, Published under Cement News

Sanghi Cement has received environmental clearance for its capacity expansion project at Abdasa, Kutch district, India. The cement producer is currently boosting cement capacity from 4Mta to 8.6Mta and lifting its clinker capacity from 3.5Mta to 7.5Mta. The INR13bn (US$193.7m) investment also includes the establishment of a grinding facility at Surat. "We raised finance for the project ...

Ciment de Bizerte exports clinker to Italy

08 May 2018, Published under Cement News

Ciment de Bizerte scheduled a ship to sail on 3 May from Tunisia to Italy, carrying around 8000t of clinker, as part of its export programme and continued performance tests of the company's new wharf facilities. The company has scheduled an additional 30,000t of clinker exports later in the month as well as the unloading of a petcoke vessel to ensure the smooth running of its facilities. Las...

Southern Province Cement 1Q profit falls 3%

11 May 2018, Published under Cement News

Saudi Arabian cement producer Southern Province Cement Co has reported a 2.9 per cent YoY decrease in net profits in the 1Q18. Net profits fell to SAR102m (US$27.2m) in the three-month period ended March 2018, compared to SAR105m in 1Q17, according to the company’s statement to the Saudi Stock Exchange. Southern Province has attributed the drop to a decrease in sales due to lower demand...

Bangladesh cement profitability falls in 1Q18

08 May 2018, Published under Cement News

The Bangladeshi cement industry reports a fall in profit due to the increase in raw material cost despite an increase in sales volumes of 12 per cent in 1Q18. The earnings of listed cement companies at the Dhaka Stock Exchange declined moderately for January-March quarter of 2018 as compared to the same period of the previous year as profit margins were squeezed. Cement companies saw tighter m...

Eagle Cement records 3% net profit increase

04 May 2018, Published under Cement News

Philippines-based Eagle Cement Corp has recorded a three per cent YoY increase in net profit to PHP1.1bn (US$21.29m) for the first quarter of the year. Revenue has risen six per cent YoY to PHP4bn in the same period, according to The Philippine Inquirer. Eagle Cement attributed the performance to "long standing cost-effective and efficient production grounded on owning the country’s most-mod...

Three million shares in Sampyo Cement to be sold

04 May 2018, Published under Cement News

Tongyang Networks Corp says it plans to sell three million shares in Sampyo Cement Co Ltd, a South Korean cement firm, for KRW13.72bn (US$12.8m). Sampyo Cement is a slag cement producer with a cemnt capacity of 11Mta that owns the Samcheok integrated plant producing Portland cement and a grinding plant in Donghae, as well as two slag cement plants in Gwangyang and Busan.