Corporate
Tvornica Cementa Kakanj net profit plummets, Bosnia-Herzegovina
The net profit of Tvornica Cementa Kakanj, part of the HeidelbergCement group, fell by almost half to BAM9.4m (EUR4.8m) from BAM17.2m a year earlier. Operating income fell to BAM66.5m in 2012 from BAM75.3m a year earlier while operating costs rose to BAM57.1m from BAM56.9m, the compa...
Vulcan Materials cement shipments improve, Jan-March 2013
Leading US aggregates producer Vulcan Materials' first quarter turnover was a mere 0.4 per cent ahead at US$538.2m higher and the EBITDA, which had recovered by 36.4 per cent a year ago, came off by 33.5 per cent to ...
Cementarnica Usje 2012 net profit falls, Macedonia
Macedonia’s sole cement producer Cementarnica Usje said its consolidated net profit fell to MKD1.32bn (EUR21.4m) in 2012 from MKD1.92bn a year earlier. Sales revenue fell 18 per cent to MKD3.76bn last year while ope...
Increased capacity boosts Fauji Cement's nine-month profit, Pakistan
Pakistan-based cement producer Fauji Cement Company reported a 26 per cent rise in volumes for the first nine months of FY13 boosted by its new production line. Rising net retention prices helped the company record ...
Dangote sees strong start to second quarter, Nigeria
Nigeria’s largest cement producer, Dangote Cement, has said strong demand in April is likely to help boost second-quarter revenue to NGN98.5bn (US$623.3m). However, the start-up of its long-awaited plant in Senegal ...
Saudi cement producers urged to maintain reserve supplies
The government of Saudi Arabia is urging cement companies to maintain a strategic stockpile of cement to prevent future shortages. A directive to this effect was issued by the Commerce and Industry Minister Tawfiq A...
Barclays lowers China's 2013 pricing forecasts
Barclays has reduced its forecasts for cement prices in China this year to +2 per cent from the previous +5 per cent, according to reports by Dow Jones. It has therefore cut its 2013 earnings per share estimates for ...
Lucky Cement's nine-month net profit ahead, Pakistan
Lucky Cement, has reported a 49 per cent YoY rise in net profit for the first nine months of FY13 as Pakistan’s largest cement producer by capacity is boosted by higher prices. For the nine month period ending Mar...
Baring Asia in talks with Lafarge India for minority stake
Private equity firm Baring Asia is said to be in advanced talks with Lafarge India to invest about US$240m for a minority stake, according to reports by Reuters. The deal is likely to be announced soon, two sources ...
Cementos Yura opts for another Loesche mill, Peru
Peruvian cement producer Cementos Yura has placed an order with Loesche America Inc for a clinker/additives grinding plant to installed at its Arequipa plant, Peru. Based on good and long-term experience with an exi...
Oman Cement Company's net profit boosted by higher demand
Oman Cement Company (OCC) achieved a 34.89 per cent advance in net profit as growth in government spending for infrastructure projects drives cement demand. The Sultanate's second-largest cement producer said net i...
BBMG Corporation to acquire stake in Hebei Taihang Xuaxin, China
BBMG Corporation has entered into an agreement to acquire a 66.67 per cent stake in Hebei Taihang Xuaxin Building Materials Co from BBMG Group Company Ltd. The transaction is valued at CNY131.88m (US$21.15m) in ca...
Cementos Pacasmayo 1Q13 cement sales rise 6.5 per cent
Peruvian cement producer Cementos Pacasmayo reported a sales increase of 6.5 per cent in the first quarter of 2013. Net income rose 13 per cent in the first quarter to PEN45.1m compared to PEN39.9m (US$17m) in the s...
Lipetskcement increases first-quarter output, Russia
Lipetskcement, part of the Eurocement Group, reported a 25 per cent increase in production during the first quarter of 2013, the company announced in a statement. The company produced 164,000t of cement in the thre...
Cemex first quarter sales fall 8% in 1Q13
Cemex' first quarter turnover declined by 5.3 per cent to US$3318.6m, while the EBITDA came off by 8.1 per cent to US$521.1m. Volumes were ahead in the USA and in the Philippines, but declined in most other markets. ...
GCC posts quarterly first quarter net loss, Mexico
Mexican cement producer Grupo Cementos de Chihuahua (GCC) posted a net loss of MXN98.6m (US$8.1m) in 1Q13 down from MXN109m in the same period of last year. Unfavourable winter weather conditions in the US, the fi...