Cement News tagged: Corporate

China Resources Cement profit edges up 3% in 3Q

28 October 2019, Published under Cement News

China Resources Cement reported a 3.2 per cent YoY increase in 3Q profit to HKD9.31bn (US$1.19bn) in 2019 when compared with HKD9.02bn in the year-ago period. The company’s profit remained largely stable at HKD2.03bn in the 3Q19 when compared with HKD2.07bn in the 3Q18.

Cemex reports 4% decline in net sales for 3Q19

25 October 2019, Published under Cement News

Cemex has reported consolidated net sales of US$3.5bn in the 3Q19, representing a decrease of four per cent YoY, or one per cent on a like-for-like (LfL) basis for the ongoing operations and adjusting for foreign-exchange fluctuations. Higher prices for its products, in local currency terms, in all regions were more than offset by the lower volumes seen in Mexico and the Asia, Middle East and ...

LafargeHolcim reports positive 9M19 results

25 October 2019, Published under Cement News

LafargeHolcim has reported net sales of CHF20.2bn (US$20.36bn) in the 9M19, representing a 2.1 per cent fall YoY, or a four per cent increase on a like-for-like (LfL) basis. Recurring EBITDA (pre-IFRS16) rose to CHF4.543bn from CHF4.351bn in the year-ago period. Cement sales reached 156.4Mt in the first nine months of 2019, a modest climb of 0.7 per cent on a LfL basis. Net sales for the seg...

Cemex Latam Holdings reports consolidated 3Q19 sales of US$245m

25 October 2019, Published under Cement News

Cemex Latam Holdings SA reports that its consolidated net sales reached US$245m during the 3Q19, a fall of 12 per cent in US-dollar terms or four per cent in local currency terms, compared to 3Q18. Operating EBITDA totalled US$46m during the 3Q19, down 26 per cent in US-dollar terms YoY. Consolidated domestic grey cement sales volumes increased by one per cent, while ready-mix and aggregates ...

Dangote Cement signs new asset management contract with GE

Dangote Cement signs new asset management contract with GE

25 October 2019, Published under Cement News

Dangote Cement has signed an agreement with General Electric (GE) to deploy an Asset Performance Management (APM) solution to reduce unplanned downtime and enhance performance of power generation assets at two cement plants in Obajana and Ibese, Nigeria. The project also includes extending the current service agreement for the seven GE LM6000PC aeroderivative gas turbines installed at the si...

Maple Leaf Cement incurs losses in 1QFY19

25 October 2019, Published under Cement News

Maple Leaf Cement Factory Ltd (MLCF) of Pakistan has announced its consolidated financial results for the 1QFY19, ended 30 September 2019. It incurred a net loss of PKR982m (US$6.29m) compared to the profit of PKR586m earned in the same quarter last year, despite an increase in sales, which rose to PKR7.14bn from PKR5.65bn during the period. Increased finance costs, which expanded to PKR799...

French court postpones Lafarge Syria ruling

French court postpones Lafarge Syria ruling

25 October 2019, Published under Cement News

A French court has postponed its decision on whether to uphold preliminary charges against Lafarge after the cement company had allegedly made payments to Syrian armed organisations, including Islamic State, in 2013-14 to keep its plant in operation. The postponement of the case will be until 7 November 2019. Lafarge appealed the charges, which also include financing a terrorist enterprise, v...

DG Khan Cement sales increased in 1QFY20

25 October 2019, Published under Cement News

DG Khan Cement Co Ltd (DGKC) of Pakistan has announced its consolidated financial results for the 1QFY20, ended September 2019. DGKC incurred a net loss of PKR1.44bn (US$9.2m) as compared to profit of PKR341m earned in the same quarter last year. The losses are attributed to an increase in the cost of sales, which increased to PKR10.25bn from PKR7.70bn during this accounting period. The fin...

Cementos Pacasmayo sees 20% rise in revenue

24 October 2019, Published under Cement News

Peru’s Cementos Pacasmayo has seen a 20.2 per cent YoY rise in revenue for the third quarter of 2019, on the back of a 17.6 per cent increase in the sales volume of cement, concrete and precast. Consolidated EBITDA was up 9.9 per cent to PEN111.5m (US$33.3m), while the cement EBITDA margin fell 2.8 per cent to 29.1 per cent. Net income advanced 20.4 per cent YoY to PEN40.2m in the 3Q19.  9...

Dewan Cement posts losses in 1QFY20

24 October 2019, Published under Cement News

Dewan Cement Ltd (DCL) of Pakistan has announced its financial results for the 1QFY20 ended 30 September. It incurred a net loss of PKR62m (US$398,189) as compared to profit of PKR184m earned in the same quarter last year. The fall in profit was attributed to a decline in sales during the reporting period. The company incurred a lesser distribution cost of PKR28m against PKR30m in the same pe...

Northern Cement reports 'robust' 3Q19 sales

24 October 2019, Published under Cement News

Saudi Arabia's Northern Region Cement Co has reported 'robust' 3Q19 financial results, according to General Manager, Obeid bin Saad Al-Subaie. "The Kingdom did not witness an improved cement demand, yet, the prices' increase helped the cement producers adjust their status," stated Mr Al-Subaie. He also added that the company has abundant stockpiles of white cement. In November, Saudi Ar...

Bamburi Cement acts to protect market share

24 October 2019, Published under Cement News

Kenyan cement production capacity is now estimated at 12Mt, according to industry leaders, while annual demand ranges between 5-6Mta. Cement prices are below levels recorded more than a decade ago, yet power prices have either climbed or remained flat. However, it has not stopped Bamburi Cement from trying to expand. Bamburi Cement (LafargeHolcim group) unveiled a KES3.5bn (US$33.9m) gr...

Hail Cement records 52% revenue increase in the 3Q19

24 October 2019, Published under Cement News

Saudi Arabia’s Hail Cement has recorded a SAR7.6m (US$1.95m) net profit in the 3Q19, compared with a loss of SAR18.3m in the year-ago period. Revenue also improved 51.7 per cent YoY to SAR62.2m from SAR41m. In the first nine months of 2019, revenue advanced 40.6 per cent to SAR184.2m from SAR130.9m. Net profit finished at SAR28.22m against a loss of SAR32.1m in the 9M18.

GCC sees 8% rise in consolidated net sales

23 October 2019, Published under Cement News

Mexico's Grupo Cementos de Chihuahua (GCC) has recorded an 8.3 per cent YoY rise in consolidated net sales to US$301.7m for the third quarter of 2019, on the back of improved cement volumes and prices in Mexico and the USA. EBITDA advanced 15.2 per cent to US$96.4m from US$83.7m in the 3Q18, while the EBITDA margin remained largely unchanged at 31.9 per cent from 30 per cent. Regionally, ne...

Hima Cement in consultation for Moroto mining rights

23 October 2019, Published under Cement News

Bamburi Cement’s subsidiary, Hima Cement, is consulting leaders and the local community in Moroto in Uganda, to access surface mining rights. Hima Cement (LafargeHolcim group) is in the process of acquiring a mining lease for the extraction of limestone and marble in Rupa subcounty. Hima Cement has earmarked a block of 14.26km 2 in the location. Don Bwesigye, the lead consultant for Hi...

Sagar Cements sees revenue increase 3%

23 October 2019, Published under Cement News

India's Sagar Cements has recorded a consolidated net profit of INR45.2m (US$637,532) in the quarter ended 30 September 2019, compared with a loss of INR80m in the year-ago period. Total revenue increased 2.7 per cent YoY to INR2.65bn from INR2.58bn. "The growth would have been even better, but for the sluggishness in the overall economy and an extended monsoon, which weighed down on demand....