Cement News tagged under: 1H16

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05 October 2016, Published under Cement News

Lafarge Zimbabwe’s first half turnover increased by 4.3 per cent to US$26.5m, but the loss advanced by 61.9 per cent to US$2.25m, reflecting increased competition, including the arrival of a new competitor. Another competitor is threatening to close capacity unless the government acts to curb imports.

Chile's three largest cement producers sees 1H sales rise 3.7%

27 September 2016, Published under Cement News

Chile's top three cement companies - Cemento Melon, Cementos Polpaico and Cementos Bio Bio - recorded a 3.7 per cent YoY rise in sales to CLP339.82bn (USD510.48m) in the first six months of 2016. This represents the lowest growth rate in three years. Cementos Bio Bio's sales increased 6.6 per cent to CLP151.9bn as it was affected by the economic slowdown. Cementos Polpaico posted sales of CLP75.92bn, an advance of two per cent when compared with 1H15, on the back of better pricing as volum...

CRH more than doubles EBITDA to EUR1.12bn in 1H16

25 August 2016, Published under Cement News

CRH plc announces that its 1H16 sales increased by 35 per cent to EUR12.7bn and EBITDA more than doubled on the same period a year ago to EUR1.12bn. Building material sales rose on a proforma basis by eight per cent on 2015, including an increase of 13 per cent in the Americas, three per cent up in Europe and four per cent ahead in Asia. After depreciation and amortisation charges of EUR532m (1H15: EUR366m), first-half operating profit amounted to EUR588m (1H15: EUR189m). Americas Ce...

Germany: KHD suffers 1H16 revenue fall by 25.5%

16 August 2016, Published under Cement News

KHD's 1H16 revenue amounted to EUR66.6m, considerably lower than the figure for the previous year (EUR89.4m). Reasons for the decrease of 25.5 per cent are the relatively low order backlog at the beginning of the year, delays in project execution, reductions in order value and order intake that did not materialise in the 1H16. The gross profit for the first half-year was EUR-2.1m (previous year: EUR-10.5m). Cost of sales include EUR3.8m of idle capacity costs due to under-utilisation of ex...

Buzzi Unicem increases revenues by 1.9%

04 August 2016, Published under Cement News

Buzzi Unicem announced that its net revenues for the first six months were up 1.9 per cent to EUR1261.3m from EUR1238.2m in 2015, while EBITDA grew by 33.5 per cent, from EUR166.6m to EUR222.5m. After amortisation and depreciation of EUR93.5m (EUR96.5m in the previous year), EBIT was €129m (+€58.9mover 2015) and the six months period closed with a net profit of EUR91.5m, compared to EUR36.4m in the same period of 2015. Cement sales Cement sales of the group in the first six months of 20...

UK: Breedon to complete Hope acquisition in August, 1H16 results

22 July 2016, Published under Cement News

Following the conclusion of the Competition & Markets Authority's (CMA) review, Breedon Aggregates expect to complete the acquisition of Hope Construction Materials Limited (Hope) on 1 August 2016 (subject to final clearance from the CMA). On completion, the enlarged group will be renamed Breedon Group plc, subject to approval by its shareholders at an Extraordinary General Meeting on 21 July 2016. The trading name of the enlarged group will simultaneously change from ‘Breedon Aggregates’...

Egypt: Suez Cement 1H16 sales up 6%

22 July 2016, Published under Cement News

Suez Cement Group of Companies (SCGC) 1H16 results showed that growth slowed in 2Q16, due to lower demand during the holy month of Ramadan and June. However, overall, the domestic cement industry grew 7.6 per cent in 1H16 versus 1H15. Cement prices continued to improve, following 1Q16 trends to jump four per cent during April, May and June. That being said, prices were still three per cent lower between Jan-Jun 2016 compared to 1H15. Group sales volumes increased six per cent across t...

Kazakhstan: Steppe Cement sees 6% rise in 1H16 sales

14 July 2016, Published under Cement News

Steppe Cement Ltd sold 761,771t of cement for KZT8190m (US$23,970.4) during the first half of the year, a rose six per cent compared with 717,654t of cement for KZT8277m a year earlier. Average price for the current period for delivered cement was KZT10,751/t (ex VAT), compared with KZT11,533/t in the corresponding period of 2015 as companies defended their market shares, the company said. Steppe Cement's local market share increased to 18 per cent in the 1H16 from 16 per cent in the same ...

KHD order intake delay will affect 1H16 forecast

05 May 2016, Published under Cement News

After updating its annual budget, KHD Humboldt Wedag International AG (KHD) is adjusting its forecast for the 2016 financial year accordingly. The awarding of several significant projects, which were expected to be order intake in the first months of the FY16, has been postponed. As a result, these projects are now planned as order intake in the 2H16 in the updated forecast. Combined with challenges in the execution of individual large projects this has a substantial impact on the antic...