Cement News tagged: Corporate
India: Aditya Cement starts third line, builds grinding unit
UltraTech Cement Ltd has informed the Bombay Stock Exchange (BSE) that the company has commissioned its clinker plant of 2Mta at Aditya Cement Works, Shambhupura, Rajasthan. The 6000tpd kiln takes Aditya Cement's clinker capacity up to 7.18Mta and cement capacity to 5Mta. Meanwhile, the greenfield Jhajjar grinding unit at Haryana, northern India, is under construction and is expected to be ...
Bangladesh: MI Cement will package growth
MI Cement Factory Ltd plans to grow on the back of higher domestic cement demand. Bangladesh is expecting rapid development in terms of new public infrastructure, communication and housing facilities. At present, MI Cement Factory’s total cement production capacity is 5800tpd, or 1.74Mta. The plan is to install a new cement packaging facility to help meet demand. "We have decided to set up a...
Lafarge Zimbabwe revenue declines 11%
Lafarge Cement Zimbabwe recorded a 11 per cent decline in turnover to US$60.4m for the year ended 31 December due to a drop in volumes and prices. In the period under review the group recorded a seven per cent drop in domestic sales and a three per cent decline in average selling prices. Profit for the year declined to US$80,950 from US$3.5m in 2013. “The reason of the decline of the oper...
TCC International Holdings net profit rises 22.5%
TCC International Holdings Ltd said net profit surged 22.5 per cent to US$264m. The Chinese cement producer attributed the profit rise to strong sales in southern China, where production plants in Guangdong and Guangxi provinces contributed more to sales. However, both cement sales and average selling price has dropped in the second half of 2014, it said in a public statement.
Cimaf inaugurates Ouadgadougou works
Morocco’s Ciments de L’Afrique (Cimaf) is close to inaugurating its Ouagadougou plant in Burkina Faso. The 0.5Mta works represents an investment of XOF25bn (US$40m), according to local press reports. Cimaf will be able to double its capacity to 1Mta under the right market conditions and also export, according to the CEO of the group, Anas Sefrioiui. It is the fourth cement plant to start...
PPC continues to study AfriSam proposal, South Africa
PPC said that its board is continuing to consider the indicative non-binding proposal from AfriSam Group for a merger between the two South African cement producers. The company said it would make a further announcement in due course once its board had concluded the consideration process. “Shareholders are hereby advised that the Board is continuing to consider the indicative proposal an...
Australia: Boral set for building price boost
Price increases for building materials products suggest Boral Ltd shares could go higher, says Deutsche Bank. Dow Jones reports that the broker notes suppliers of construction materials such as cement are targeting price increases of 8-20 per cent from April. "While price increases were relatively unsuccessful in 2014, we believe there is a greater likelihood of success this year given dema...
Vicat shows good profit growth in the USA, India and Africa
Vicat’s turnover increased by six per cent in 2014 to EUR2422.7m and the EBITDA emerged 3.6 per cent ahead at EUR442m, while at unchanged parameters the increases would have been eight and seven per cent respectively. The trading profit rose by 12.3 per cent to EUR263.1m.The net financial charge was 8.2 per cent higher at EUR47.6m and after a slightly higher contribution from associates the...
ASEC Engineering wins Ethiopian plant management contract
ASEC Engineering and Management, a subsidiary of Egypt's Qalaa Holdings (formerly Citadel Capital), has signed a plant management agreement with Ethiopia’s National Cement Share Company. The one-year contract is renewable for a five-year term, according to ASEC. It will provide full technical assistance to National Cement Share Company, one of the largest producers of cement in Ethiopia, f...
Cementir performs well in Denmark
Cementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but EBITDA improved by 13.4 per cent to EUR192.4m. The trading profit advanced by 35.7 per cent to EUR104.1m and the pretax profit rose by 57.5 per cent to EUR99.5m. Net attributable profit recorded a 78.5 per cent advance to EUR71.6m. Net debt at the end of 2014 was 14.3 per cent lower at EUR278.3m, giving a modest gea...
Macedonia: Usje's unconsolidated net profit falls
Macedonia's sole cement producer Usje said on Tuesday its unconsolidated net profit fell five per cent to MKD1.46bn (EUR23.7m) in 2014. Operating revenue rose two per cent to MKD4.12bn last year, while operating costs were two per cent lower at MKD2.56bn, Usje said in an unconsolidated financial statement filed with the Macedonian Stock Exchange. Usje is owned by Greek building materials man...
Semen Baturaja full-year profit advances 5%
State-owned cement producer PT Semen Baturaja Tbk reported a five per cent increase in net profit to IDR328.336bn (US$25m) in 2014 from IDR312.184bn in the previous year. Operating income rose four per cent YoY IDR1.215trn in 2014. Company`s president director Pamudji Rahardjo said the 2014-2017 period will be important for Indonesia given the implementation of the government's Master Plan of...
Bosnia: TCK expects flat output
Bosnia's Tvornica Cementa Kakanj (TCK), part of the HeidelbergCement Group, sees its cement output flat this year after producing 420,000t in 2014, the company's director said. “Our cement production fell by around 10 per cent in 2014, which was probably the most difficult year since the war for the Bosnian economy and its citizens as the country went through political turmoil in February fol...
China Resources Cement net rises 26% YoY
China Resources Cement (CRC) announces that it made HKD4.21bn (US$ 542.6m) net profit in 2014, up 26 per cent YoY. Earnings per share were 64.4 HK cents. The company gained HKD 32.67bn in incomes last year, up 11.3 per cent YoY. Gross profits increased 22.3 per cent to HKD10.23bn and gross profit margin rose from 28.5 per cent to 31.3 per cent thanks to price and sales increases. Analyst...
Cemex to invest US$7m in San Pedro de Macoris
Cemex is investing DOP315m (US$7m) in a new packing and palletising line at its San Pedro de Macoris plant, Dominican Republic, to increase capacity and cover market demand for the next five years. In addition, the company will also carry out an upgrade to one of the works’ mills. This will allow the company to increase output and ensure a greater continuity of operation. Cemex is also inv...
PPC Zimbabwe on course for 2016 mill commissioning
PPC Zimbabwe Ltd is expected to commission its new cement mill at its plant in Harare next year, an official has said. "We are spending about $75m on our Harare mill this year and we are expecting to commission it in the first quarter of 2016," PPC Zimbabwe managing director Njombo Lekula told AllAfrica news. Mr Lekula said that the company was also investing over $6m dollars on their Bulawa...