Cement News tagged under: 2019
Votorantim Cimentos records 3% rise in 2019 revenue27 March 2020, Published under Cement NewsBrazil-based Votorantim Cimentos has seen a three per cent rise in consolidated net revenue to BRL13bn (US$2.61m) in 2019, compared to BRL12.6bn recorded in the previous year. Consolidated EBITDA saw a modest increase of one per cent YoY to BRL2.7bn from BRL2.6bn, with a margin of 20 per cent (21 per cent in 2018). Brazil Net revenue in the company’s domestic market was up four per cent from BRL6.6bn in 2018 to BRL6.8bn in 2019, mainly due to higher volumes and prices in the cement market... |
Loma Negra sees net profit advance 35% in 201911 March 2020, Published under Cement NewsArgentina’s Loma Negra has reported a 5.5 per cent YoY decline in revenue to ARS38.95bn (US$660m) for the full-year 2019 period, compared with ARS41.24bn in the previous year. However, net profit surged 34.8 per cent YoY to ARS4.04bn from ARS3bn. Adjusted EBITDA also climbed 2.3 per cent YoY to reach ARS11.21bn. The company’s sales volumes of cement, masonry and lime fell 9.7 per cent overall to 6.04Mt in 2019. Argentina contributed 5.47Mt (-10.6 per cent YoY), while Paraguay saw sales of ... |
Dangote Cement sees modest revenue decline in 201927 February 2020, Published under Cement NewsNigeria’s Dangote Cement has seen a modest 1.1 per cent YoY decrease in revenue to NGN891.67bn (US$2.45bn) for 2019, compared to NGN901.21bn in the previous year. EBITDA also fell 9.2 per cent YoY to NGN395.43bn from NGN435.26bn, while the margin declined to 44.3 per cent from 48.3 per cent in 2018. Total cement sales volumes in 2019 remained largely consistent YoY at 23.566Mt against 23.535Mt in 2018. "Dangote Cement maintained strong financial performance despite a low growth environmen... |
Cementos Argos sees 11% rise in revenue for 201925 February 2020, Published under Cement NewsColombia’s Cementos Argos saw a 11.4 per cent YoY rise in consolidated revenue to COP9.3trn (US$2.71bn) in 2019. EBITDA increased 14.3 per cent YoY to COP1.75trn, while its operating income advanced 1.7 per cent to over COP838bn. However, the company's net profit declined 31.7 per cent to COP122bn from COP179bn in 2018. The fall was attributed to a US$9m US tax provision relating to its successful asset divestment plan, according to a press release. Cementos Argos dispatched 16Mt of cemen... |
HeidelbergCement sees revenue rise 4% in 2019 preliminary results13 February 2020, Published under Cement NewsHeidelbergCement has announced a 4.3 per cent YoY increase in group revenue to EUR18.851bn in its preliminary results for 2019. On a like-for-like (LfL) basis, the rise moderated to 2.1 per cent YoY. The result from current operations advanced 8.8 per cent YoY to EUR2.186bn, or 4.5 per cent growth LfL. However, the company’s cement and clinker sales volumes fell 3.1 per cent in 2019 to 125.9Mt. Excluding consolidation effects, sales volumes were 1.6 per cent below the previous year. Aggre... |
South Korea: new strategies13 March 2019, Published under Cement NewsAs South Korea’s economy dips and government policies negatively influence infrastructure plans, the country’s cement industry remains at overcapacity amid stagnant levels of demand. Moving forward, producers must find new strategies to operate competitively in this challenging market. By Manas Tamotia, LEK Consulting, Singapore. With South Korean cement plants mainly located in the central and eastern coastal areas, cement producers face high distribution costs to deliver their pr... |
Global cement markets in 201904 March 2019, Published under Cement NewsLow macroeconomic visibility, slowing global growth, geopolitical risks and industry-specific questions such as the outlook for Chinese cement prices or rising CO 2 costs in Europe have presented challenges to cement market analysts worldwide in forecasting 2019. Following its 13th annual cement survey, Exane BNP Paribas sheds more light on the year ahead. By Paul Roger, Exane BNP Paribas, UK. Figure 1: cement volume scenario, 2019 The overall conclusions are not too bearish fo... |
VICEM targets further growth in 201908 January 2019, Published under Cement NewsVietnam Cement industry Corp (VICEM) has reported a 10 per cent YoY increase in revenue to VND37trn (US$1.59bn) for 2018. The company also saw an 11 per cent rise in pretax profit to VND2.8trn. VICEM expects to push this even further by reaching a revenue of VND40trn in 2019. According to Bùi Hồng Minh, general director of VICEM, pretax profit is expected to hit VND3.2trn in the year ahead. To achieve these goals, the company will produce and consume 31Mt of coal. It will also invest in ... |
Cement in 201907 January 2019, Published under Cement NewsWhile global economic growth is expected to continue in 2019, uncertainty will affect the expansion of key cement markets in the year ahead. As a result a mild contraction is forecast although there will be regional differences in cement demand with the developed markets registering limited growth while emerging markets will be more robust. By Arnaud Pinatel and Yassine Touahri, On Field Investment Research, UK. Figure 1: changes in regional cement demand, 2017 vs 2018. Source: OFI... |
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