Cement News tagged: Corporate

Refratechnik joint venture strengthens its raw material resources

26 October 2018, Published under Cement News

Refratechnik, Haicheng Guotian Mining and Yingkou Jinlong Refractories have signed a joint venture contract for the production of high-grade caustic calcined magnesia (CCM) and dead burned magnesia (DBM) in Pailou town, Haicheng, China. Yingkou Jinlong Refractories is a long-standing partner of Refratechnik in China and Haicheng Guotian Mining is an existing CCM and DBM producer in Haicheng ...

SCG announces 7% increase in revenue

25 October 2018, Published under Cement News

Thailand’s Siam Cement Group (SCG) has announced a seven per cent YoY increase in revenue to THB361bn (US$10.95bn) for the first nine months of 2018. However, profits fell 19 per cent to THB34.3bn mainly due to reduced performance in the chemicals business and asset impairments in the third quarter. The company’s revenue from exports advanced seven per cent to THB97.9bn in the 9M18, accountin...

Romania's Competition Council launches cement market investigation

25 October 2018, Published under Cement News

Romania's Competition Council (RCC) is investigating possible anti-competitive practices between the three domestic market cement producers – Holcim Romania, CRH Ciment Romania and HeidelbergCement Romania. It is reported in the Romania Insider that the three companies are suspected of having split the local market in terms of market shares, product offer, production sales levels, technical d...

New Carthage majority shareholder known by end November

25 October 2018, Published under Cement News

The new majority shareholder for Carthage Cement is expected to be named at the end of November. In April Al Karama Holdings prequalified five candidates interested in acquiring the 50.52 per cent majority stake in the Tunisia-based cement producer: Omnium Industries and Promotion (Morocco), a SECIL-Soc des Ciments de Gabes consortium, Eurocem Ltd (Malta), Cementos Portland Valderrivas (Spai...

Ambuja Cement records 13% net profit rise for 3Q18

Ambuja Cement records 13% net profit rise for 3Q18

25 October 2018, Published under Cement News

India’s Ambuja Cement has announced a 12.7 per cent YoY increase in consolidated net profit to INR3.96bn (US$54.08m) for the 3Q18, ended 30 September. Total income rose by 11.8 per cent to INR60.97bn, compared to INR54.51bn of the year-ago period. Net profit was supported by an 8.7 per cent growth in cement sales volumes to 5.46Mt from 5.02Mt. "Our continued focus on growing the topline wi...

Dewan Cement reports fall in profit 1QFY19

25 October 2018, Published under Cement News

Pakistan's Dewan Cement Ltd (DCL) on 25 October announced that it earned PKR184m (US$1.37m) in 1QFY19, down by 24.8 per cent YoY, as compared to PKR245m reported in the same period last year. According to DCL's notification to Pakistan Stock Exchange (PSX), company sales during the quarter declined by 2.3 per cent YoY to PKR2.91bn from PKR2.98bn of same period last year. The gross profits...

Bestway Cement FY1Q19 earnings fall

Bestway Cement FY1Q19 earnings fall

25 October 2018, Published under Cement News

Bestway Cement Lts (BCL) announced its financial results for 1QFY19 on 22 October. It posted earnings of PKR2.25bn (US$16.9m) during this period, down by 24.6 per cent YoY. According to a filing of company to Pakistan Stock Exchange (PSX), its net sales also fell by 6.71 per cent to PKR 17.4bn from PKR18.66bn during this period, on YoY. Domestic cement companies are feeling the effects of ...

Change of CEO in Dadabhoy Cement

25 October 2018, Published under Cement News

Danish Dadabhoy, director of Dadabhoy Cement Industries Ltd informed Pakistan Stock Exchange (PSX) on 22 October, that following the death of CEO Muhammad Amin Dadabhoy, the board of directors has appointed Fazal Karim Dadabhoy as a new CEO of Dadabhoy Cement Industries effective from 22 October 2018.   The Dadabhoy Cement plant is locatedat Kalu Kohar, in Dadu District of Sindh, Pakistan a...

Cem'In'EU inaugurates its Aliénor Ciments plant

25 October 2018, Published under Cement News

Cem‘In’EU Group inaugurated its first modular grinding plant at Aliénor Ciments yesterday in Tonneins, 100km southeast of Bordeaux, France. The 0.22-0.25Mta plant is the first of a network of grinding units that the group aims to construct in France, Poland and the UK. Intercem Engineering of GmbH of Oelde in Germany constructed the 30tph ball mill section of the plant in just four months. Th...

GCC announces 11% sales increase for 9M18

26 October 2018, Published under Cement News

Mexico's Grupo Cementos de Chihuahua (GCC) has recorded an 11.1 per cent YoY increase in sales to US$677.4m for the first nine months of 2018. EBITDA surged 16.3 per cent to US$198.6m in the same period, while its EBIDTA margin reached 29.3 per cent. In the 3Q18 net sales advanced 10.6 per cent YoY to US$278.6m from US$251.9m. EBITDA was also up 9.2 per cent to US$83.6m, compared with US$76....

Kohat Cement reports 1QFY19 earnings drop of 41%

24 October 2018, Published under Cement News

Kohat Cement Company Ltd (KOHC) announced its financial results for 1QFY19 by reporting earnings of PKR529m, down by 41 per cent YoY, as compared to PKR903m reported in the same period last year.   According to a filing of company to PSX, its sales during the quarter inched up by three per cent YoY to PKR3.52bn, likely due to an increase in cement sales prices against the comparative period...

Maple Leaf Cement profits fall in 1QFY19

24 October 2018, Published under Cement News

Pakistan's Maple Leaf Cement Factory Ltd (MLCF) announced its financial results for 1QFY19 with consolidated earnings falling at PKR587m (US$4.4m), down by 45 per cent YoY, as compared to PKR1073m reported in the same period last year.   According to MLCF's notification to Pakistan Stock Exchange (PSX), company sales during the quarter declined by three per cent YoY to PKR5.65bn, likely due t...

GCP Applied Technologies receives European sustainable grinding patent

24 October 2018, Published under Cement News

GCP Applied Technologies Inc has been issued with a patent for increasing cement grinding efficiency by using sustainable raw materials. The novel grinding aids and quality improvers allow the use of bio-derived glycerol and reduce the use and the impact of oil-derived chemicals. European Patent No EP 1 728 771 B1 has been granted and registered in 17 European countries and relates to methods...

Aumund opens St Petersburg office with technical seminar

24 October 2018, Published under Cement News

Aumund relocated its representative office in Moscow, Russia, to St Petersburg in August, opening it up with a technical seminar attended by over 50 participants. The invited organisations represented a wide spectrum of applications in the bulk material handling of cement, lime and gypsum, amongst many other industries. "The fact that the participating project institutes came from different ...

Dangote reports 15% rise in 9M EBITDA

25 October 2018, Published under Cement News

Dangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Niger...

India Cements to set up 1.5Mta grinding unit

23 October 2018, Published under Cement News

India Cements Ltd is planning to establish a 1.5Mta clinker grinding unit in East Nimar district, Madhya Pradesh, at an estimated investment cost of INR3.16bn (US$42.95m). The company is currently awaiting environmental clearance for the project, while financial closure is underway. Contractor and machinery suppliers are yet to finalised, however work on the project is expected to begin by F...