Cement News tagged under: business results
Cementos Argos01 June 2015, Published under Cement NewsCementos Argos has reported a 3.3 per cent YoY increase in net profit to COP78.9m (US$29m) in 1Q15, driven by improved sales in the US. EBITDA in the period grew by 18 per cent while revenue advanced by 27 per cent. Around 60 per cent of the company’s income now comes from outside Colombia. Total cement sales during the quarter came in at 3.2Mt, up by 18 per cent compared to the same period last year, while ready-mixed concrete volumes improved by seven per cent to 2.5Mm 3 . Colombian cem... |
Dangote Cement01 June 2015, Published under Cement NewsDangote Cement has attributed its strong 1Q15 results to the arrival of its new African factories, improved gas supplies to its plants and the reallocation of production to tax-free facilities. The quarter saw revenue increase by 10.8 per cent to NGN114.7bn (US$576m) with gross profit advancing by a similar margin to NGN74.7bn. EBITDA grew by 13.9 per cent to NGN72bn, while cement volumes came in 3.4 per cent up at 3.8Mt. In Nigeria cement sales reached 3.1Mt during 1Q15, compared to 3.47... |
Cemex07 May 2015, Published under Cement NewsCemex' first-quarter turnover declined by 5.3 per cent to US$3399.87m, but EBITDA did improve by 6.3 per cent to US$568.54m. Helped by a 12.7 per cent reduction in the depreciation and amortisation charge, the trading profit rose by 25.3 per cent to US$335.32m. The net interest charge declined by 15.3 per cent to US$338.08m, to give an 82 per cent drop in the pretax loss from US$167.88m to US$30.86m. The effective net debt was 3.4 per cent lower at US$15,769m, of which 86 per cent was in US ... |
Lafarge07 May 2015, Published under Cement NewsSubject to the proposed amalgamation of Holcim and Lafarge going through, Summit Materials will acquire Lafarge’s 1.1Mta cement works at Davenport, Iowa and seven marine terminals along rhe US inland waterways system. The consideration will be US$450m (EUR420m) plus Summit’s terminal at Bettendorf, Iowa. Lafarge's first-quarter turnover increased by 5.5 per cent to EUR2779m and EBITDA rose by 17.5 per cent to EUR403m, while the running profit advanced by 40.4 per cent to EUR205m. Net fina... |
Holcim07 May 2015, Published under Cement NewsThe Indian competition authorities have approved the Holcim Lafarge merger, subject to the disposal of one integrated works and one grinding centre in the east of the country, representing a capacity of around 5Mta. That would leave a capacity in India of around 68Mta. The Indian Holcim subsidiary ACC Limited delivered 10.2 per cent less cement in the first quarter of 2015 at 5.82Mt and the turnover came off by 2.8 per cent to EUR421.5m. EBITDA rose by 43.4 per cent to EUR89.3m, but the p... |
Cementos Argos29 April 2015, Published under Cement NewsWith the US government announcing a US$478bn spend on infrastructure projects over the next six years, Cementos Argos will be looking to further consolidate its position in the country. 2014 saw the company increase its cement production capacity in the US by 107 per cent YoY to become the second-largest cement producer in the southeastern US. It is reportedly already involved in more than 70 per cent of the infrastructure projects being carried out in the country as well as 60 per cent o... |
Semen Indonesia29 April 2015, Published under Cement NewsDespite Semen Gresik and Semen Padang both posting a fall in sales volumes in 1Q15, PT Semen Indonesia is pushing ahead with its expansion plans. Semen Gresik saw sales drop by 0.6 per cent to 3.27Mt, compared to 3.29Mt in 1Q14, while Semen Padang registered a 1.8 per cent contraction to 1.58Mt. Semen Tonasa, meanwhile, increased sales by 2.3 per cent coming in at 1.3Mt in 1Q15, compared to 1.27Mt in the same period last year. According to the Indonesia Cement Association, domestic consumpti... |
PT Indocement29 April 2015, Published under Cement NewsBuoyed by a seven per cent increase in revenue in 2014 to IDR19,996bn (US$1.54bn), Indocement is pressing ahead with its capex plans this year. Gross profit also grew, up by five per cent to IDR9086bn, while EBITDA fell slightly by 0.3 per cent to IDR6853bn. By the end of 2015, the company’s new 4.4Mta plant in Citeureup is due to be operational, while it has also received AMDAL certification for its plant in Pati, Central Java. The Pati plant will have a production capacity of 2.5-4Mta a... |
Dangote Cement29 April 2015, Published under Cement NewsDangote Cement’s new plant in Ethiopia will open in May this year, helping to close the gap between demand and supply in the country. The plant, which is located in Oromia, is one of the largest in east Africa with a production capacity of 2.5Mta. Costing US$400m, the project has been overseen by Sinoma International Engineering. Ethiopia’s current cement production of 5.4Mta falls well below existing demand of 7-8Mta. Dangote is increasingly turning its attention away from Nigeria follow... |
Ciments du Maroc 9.3% fall in profit13 April 2015, Published under Cement NewsCiments du Maroc closed 2014 with a 5.1 per cent fall in its turnover from MAD3.6bn (US$35m) to MAD3.4bn. The cement producer’s operating results experienced a 9.3 per cent drop to just over MAD1bn. The company attributes the decline to a slow building and public works sector. In addition, the eight per cent fall in housing starts contributed significantly to the limited growth of 0.8 per cent of the construction market. Looking ahead, Mario Bracci, Ciments du Maroc’s CEO said: “In 201... |