Cement News tagged under: 1Q16

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Arabian Cement Q1 profits drop 41%

31 May 2016, Published under Cement News

Arabian Cement have announced a fall in earnings of 40.5 per cent in 1Q16. The company earned EGP34.1m (US$3.85m) in 1Q16, compared with the EGP57.3m (US$6.47m) in the same period last year, according to consolidated financial results. Further, the unconsolidated profits for 1Q also fell 40.5 per cent YoY to EGP33.3m, from EGP56m. In 2015 Arabian Cement’s consolidated profits decreased 26 per cent YoY to EGP277.2m (US$31.2m) from EGP373.7m (US$42m).

Cementos Argos reports 1Q16 EBITDA up 38%

13 May 2016, Published under Cement News

Cementos Argos reports that 1Q16 volumes across all regional divisions represent healthy dynamics in all the markets where the company is present, especially in the US, where cement dispatches increased 47 per cent. For the 1Q16, cement volume increased 6.4 per cent to 3.5Mt. Ready-mix sales reached 2.8Mm 3 , an increase of 10.5 per cent. “The obtained results augur us a good performance for the 2016 and confirm us that the geographic diversification, expansion and consolidation of our bu...

Negative order intake of EUR1.1m for KHD in 1Q16

13 May 2016, Published under Cement News

Order intake in the first quarter of 2016 was negative at EUR-1.1m. This is due to the low level of new business (EUR12.8m), order cancellations and reductions (EUR-9.1m) the company stated as well as the effects of currency exchange rates on the order backlog. Some markets, where KHD is well-positioned will see continued growth. This includes in particular India, where cement demand is expected to grow by 6.8 per cent per annum through 2020. Pricing for the projects that will be awarded...

Titan 1Q16 results boosted by US growth

13 May 2016, Published under Cement News

Titan Group posted robust growth in sales and operating performance in 1Q16, primarily on the back  of the US market, as well as the improved operation of the plants in Egypt. Consolidated turnover reached EUR337.8m, posting a 19 per cent increase compared to the same period the previous year. EBITDA increased by 86 per cent reaching EUR43.3m. Net profit after minority interests and the provision for taxes were negatively impacted by foreign exchange translation effects, particularly thos...

Cementir's 1Q16 revenue falls 1.1% to EUR218.9m

12 May 2016, Published under Cement News

Cementir has announced that its results for the 1Q16, despite being lower than the previous year, are in line with management expectations and show a strong performance of operations in the Scandinavian countries, Malaysia and Egypt, which more than offset the lower earnings in Turkey and the difficulties encountered in Italy and China. The performance for the quarter was adversely impacted by the seasonal effect of the earlier Easter holidays with respect to the previous year, says Cementir...

Buzzi Unicem: 1Q16 sales up 2.8%

06 May 2016, Published under Cement News

Buzzi Unicem reports that during the 1Q16 group cement sales were up 2.8 per cent from the first quarter of 2015, reaching 5Mt. The volume trend was favourable in the United States (+16.3 per cent) and fairly stable in central Europe and Italy. Eastern Europe reported a decrease of 9.2 per cent, mainly due to the declines recorded in Russia and Ukraine. Ready-mix concrete sales posted a slight decrease (-1.7 per cent) compared to the same period of 2015, to 2.4Mm 3 . Consolidated net sales...

USA: Summit Materials enters Las Vegas market with acquisition

05 May 2016, Published under Cement News

Summit Materials Inc has acquired Sierra Ready Mix LLC (Sierra), a vertically-integrated aggregates and ready-mix concrete business located in Las Vegas, Nevada. The acquisition provides Summit with premier, well-located assets in an expanding market.   Sierra is a well-established aggregates and ready-mix concrete supplier in the Las Vegas market with an excellent reputation for quality and service. It operates a sand and gravel pit and two ready-mix concrete facilities, and has a well-bala...

Oman Cement Co 1Q16 profits up

04 May 2016, Published under Cement News

Oman Cement Company has reported a profit after tax of OMR3.84m (US$9.97m) during 1Q16 as compared to OMR3.83m in corresponding period last year - showing a minor growth of 0.28 per cent. The company recorded a total sale of OMR15.8m in the three months ended 31 March 2016 as compared to OMR14.68m in the corresponding period of previous year. Meanwhile, the company says its new cement mill currently under construction at its Ghala-Rusayl complex, in northeastern Oman, is expected to be oper...

Cemex Latam Holdings SA's 1Q16 sales down 11%

22 April 2016, Published under Cement News

Cemex Latam Holdings SA (CLH) announced today that consolidated net sales reached US$316m during the 1Q16, a decline of 11 per cent versus 1Q15. This decline is mainly explained by foreign-exchange fluctuations and lower sales in our operations in Panama and Costa Rica. Adjusting for foreign-exchange fluctuations, consolidated net sales in the first quarter rose by three per cent, on a YoY basis. Operating EBITDA, also adjusted for foreign-exchange fluctuations, increased by six per cent, ...

Cemex's 1Q16 net sales increase 3%

21 April 2016, Published under Cement News

Cemex has announced that its consolidated net sales reached US$3.2bn during the first quarter of 2016, an increase of three per cent on a like-for-like basis for the ongoing operations and adjusting for currency fluctuations, versus the comparable period in 2015. Operating EBITDA increased 12 per cent on a like-to-like basis during the quarter to US$583m versus the same period in 2015. Net sales in Mexico decreased 17 per cent in 1Q16 to US$633m, compared with US$766m in the first quarter o...