Cement News tagged: Corporate
Taiwan cement producers forecast profits from Chinese operations
Taiwan and Asia Cement are expecting to experience a profitable year, on the back of price hike in China and increasing pressure on cement manufacturers on the mainland who cannot meet Bejing's stricter environmental regulations. Taiwan Cement Corp is forecast to generate net profit of TWD16.48bn (US$556.1m) for the whole of this year, a 117 per cent surge from TWD7.6bn last year, Taishin Se...
Shree Cement to acquire railway siding operator
The board of India’s Shree Cement Ltd has approved the acquisition of Raipur Handling and Infrastructure Pvt Ltd, a private railway siding operator, for INR590m (US$8.8m). The acquisition will help the company improve the management of goods transportation on the railway network, according to a stock exchange disclosure. While the deal is subject to the approval from railway authorities, it...
Kohat Cement completes grinding mill installation
Kohat Cement Co Ltd (KOHC) has successfully installed a new 105tph cement mill at Kohat in the Khyber Pakhtunkhwa province of Pakistan. KOHC is currently working on a 7800tpd brownfield expansion project that is expected to come on-stream in 1H20. Presently, KOHC has a production capacity of 2.677Mta of cement.
Shree Cement reports 31% increase in net profit
India’s Shree Cement has reported a 31.1 per cent YoY rise in standalone net profit for the quarter ending 31 March 2018, increasing to INR3.99bn (US$60.14m) from INR3.04bn. Net revenue surged 18.1 per cent to INR28.11bn, compared to INR23.80bn of the year-ago period. The cement sector helped boost the revenue, with a six per cent uptick in cement sold. This has been attributed to an increas...
Czech Cement Hranice sees 6% YoY sales rise in 2017
Cement Hranice reported a 6.3 per cent YoY sales increase to CZK1.569bn (US$74.6m) in 2017 from CZK1.476bn in the previous year. The Dyckerhoff-owned Czech producer supplied product with a value of around CZK1.12bn of sales to the domestic market and a further CZK450m represented exports, according to the Czech News Agency. "The year 2017 was characterised by a growth in the volume of sale...
Hail Cement reports 49% fall in net profit for 1Q18
Saudi Arabia’s Hail Cement recorded a 48.9 per cent YoY fall in net profit for the 1Q18, decreasing to SAR4.23m (US$1.13m) from SAR8.28m. The company attributed the results to a decline in prices, drop in demand and strong competition, according to a statement to the Saudi Stock Exchange. Despite this, the profit results were a 6.9 per cent QoQ increase. Additionally, sales rose 9.7 per cent ...
Sibirskiy Cement production stable in 1Q18
Russia’s Sibirskiy Cement produced 473,500t of cement in January-March 2018, maintaining a stable output when compared with the equivalent period of the previous year, according to Esmerk Russian News. Topkinskiy Cement produced 320,100t of cement, Krasnoyarsk Cement 126,800t and Timluysky Cement 26,500t. Analysts reported that cement demand in Siberia fell 2.6 per cent YoY to 670,000t i...
Quinn Cement releases new bagged cement range
Quinn Cement has launched a new range of bagged cement products following an investment of over EUR3m.The range includes three new cement products: Master Grade Cement, Premium Grade Cement and General Purpose Cement. Quinn Cement factory has installed a new bagging line for the weatherproof plastic bags. The new packaging is ideal for merchants' and builders' yards. Premium Grade Cement off...
Cemex Philippines sees 6% in 1Q turnover
Cemex Philippines 1Q18 turnover amounted to US$113.6m, an increase of six per cent, while in peso terms this amounts to a 9.9 per cent advance to PHP5891m. EBITDA declined by 17.3 per cent to PHP886m, which translates into a 20.1 per cent reduction to US$17.1m. The pretax profit dropped by 77.4 per cent to US$2m and the net attributable loss was odd by 72.3 per cent to US$1.9m. Cement ship...
Cemex reports increase in net sales in 1Q18
Cemex has announced a 92.3 per cent YoY fall in profit for the 1Q18, decreasing from US$336m to US$26m. The sharp decline has been attributed to higher operating expenses and foreign exchange loss. Operating EBITDA declined four per cent to US$535m, while the EBITDA margin was down 1.9 per cent YoY at 18.8 per cent. However, the company has recorded an eight per cent increase in overall n...
Cemex Latin American Holdings hurt by lower volumes in Colombia and Panama
Cemex Latin American Holdings' turnover declined by 8.4 per cent in first quarter of the year to US$301.1m, while EBITDA came off by 28.8 per cent to US$65.9m. At the trading level there was a 36 2. per cent profit reduction to US$44.1m. After an 11.4 per cent decline in the interest charge to US$14.8m and other items, the pretax profit showed a 15.9 per cent reduction to US$48.2m and the net ...
Lucky Cement to establish 1.2Mta Samawah grinding plant
Lucky Cement Ltd of Pakistan is planning to set up greenfield clinker production facility in southeast of Baghdad, Iraq, according to Irfan Chawala, the ompany's CFO in information sent to Pakistan Stock Exchange (PSX). Lucky Cement plans to set up a 1.2Mta clinker line in Samawah as a step to becoming self-sufficient in terms of clinker production in the country.The US$109m project will be ...
Cementos Bío Bío launches 2021 strategic plan
As cement demand in Chile remains muted and the cement industry is restructuring its operations, Cementos Bío Bío is launching its “Transforma 2021” strategic programme. The plan is to develop improved commercial, operational and innovation capabilities and enable the company to maintain its status as a key player. “This transformation that we carry out challenges the traditional model for ...
UltraTech Cement records revenue increase in 4QFY18
India’s UltraTech Cement has reported a 29 per cent YoY fall in its standalone profit for the 4QFY18 period, to INR4.88bn (US$73.05m) from INR6.88bn. The decline has been partly attributed to a stamp duty of INR2.26bn and deferred tax of INR410m due to a change in tax rates. Standalone revenue rose 36.5 per cent to INR90.02bn for the period, according to Money Control. EBITDA grew 33.2 per ...
CRH 1Q18 underlying sales slip 2%
A GBP16.5m (EUR19m) deal was concluded with CRH in the early part of 2018, whereby Breedon acquired four quarries and an asphalt plant in Britain in exchange for 27 ready-mixed batching plants and GBP4.9m (EUR5.6m) in cash. CRH's underlying sales in the 1Q18 declined by around two per cent, with European turnover also being off by two per cent. The Americas turnover slipped three per cent w...
Cherat Cement reports 15% net profit increase
Pakistan’s Cherat Cement Co Ltd has announced its 9MFY18 results, reporting a 14.6 per cent YoY increase in net profit to PKR1.79bn (US$15.49m). Net sales increased 66 per cent to PKR11.14bn, compared with PKR6.71 of the year-ago period. However, the company’s distribution cost increased by 18.6 per cent to PKR248m, according to its statement to the Pakistan Stock Exchange. The company ...