Cement News tagged under: 2Q18

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Taiwan Cement posts record quarterly profits

13 August 2018, Published under Cement News

Taiwan Cement Corp posted a record 2Q profit, due mainly to higher cement prices in China, rising sales and increased contribution from its China-based subsidiary, TCC International Holdings Ltd. The Taipei-based firm's 2Q18 net income, attributable to the parent company, hit TWD7.06bn (US$229.9m), up 228.71 per cent YoY from TWD$2.15bn, the company said in a filing with the Taiwan Stock Exchange. Consolidated revenue rose 34.83 per cent to TWD33.32bn from TWD24.71bn, while gross margin...

FLSmidth witnesses slow growth in cement sector

10 August 2018, Published under Cement News

This week FLSmidth released its 1H18 report in which it reported revenues of DKK8.965bn (US$1.37bn), edging up from DKK8.956bn in 1H17 and a roughly stable gross profit of DKK2.255bn (1H17: DKK2.298bn). Net profit from continuing activities saw losses narrow to DKK31m from DKK34m in 1H17. The gross order intake slipped from DKK10.141bn to DKK10.074bn in 1H17 although in the second quarter the company saw order intake up by 10 per cent, which include 13 per cent organic growth as the Minera...

Loma Negra reports 2Q18 net revenues up 37%

10 August 2018, Published under Cement News

Loma Negra reports its 2Q18 net revenue increased 37.2 per cent to ARS4.757bn (US$169.4m) in 2Q18, from ARS3.467bn in the comparable quarter last year. Cement, masonry and lime revenues in Argentina were up 33.4 per cent YoY, to ARS3.503bn despite volumes remaining almost flat. Cement revenues in Paraguay increased 49.2 per cent, reaching ARS369m in the quarter as the 2.4 per cent YoY decline in volume was more than offset by Paraguayan guarani appreciation against the Argentine peso and b...

HeidelbergCement sees positive 2H18

03 August 2018, Published under Cement News

This week HeidelbergCement reported on its 2Q18 results , which saw healthy growth in all business areas. Cement and clinker sales were up 3.5 per cent to 33.7Mt while aggregate volumes saw a 5.2 per cent rise to 85.7Mt. Ready-mix concrete sales volumes advanced 4.2 per cent to 12.7Mm 3 . Western and southern Europe saw total revenues advance by 5.3 per cent in 2Q18 to EUR1.363bn. Operating EBITDA decreased 2.1 per cent to EUR213m. Cement sales were particularly strong as volumes increas...

Caribbean Cement's net profit rises in 2Q18

02 August 2018, Published under Cement News

Caribbean Cement Company's net profit for the April to June quarter rose to JMD704m (US$5.24m) compared to was up from JMD629m during 2Q17. The company's revenues also rose by 11 per cent to JMD4.4bn in the 2Q18. In the first six months of 2018, the cement producer earned JMD8.8bn in revenue, which represented an increase of nine per cent over the corresponding period last year.

HeidelbergCement's group revenue improves by 4% to EUR4.8bn in 2Q18

31 July 2018, Published under Cement News

HeidelbergCement group revenue rose by four per cent in the second quarter to EUR4.8bn from EUR4.6bn in 2Q17. However, negative currency effects of EUR226m had an adverse impact on revenue. Adjusted for currency and consolidation effects, revenue increased by nine per cent due to sales volume growth in all business lines and successful price increases. In the second quarter, the group's cement and clinker sales volumes rose by three per cent to 33.7Mt, up from 32.6Mt in 2Q17. Adjusted for ...

Martin Marietta's cement revenues rise 14% in 2Q18

27 July 2018, Published under Cement News

Martin Marietta's 2Q18 cement product revenues increased 14.4 per cent and gross profit by 40.6 per cent. Shipments and pricing improved 11.6 and 2.6 per cent, respectively, reflecting the strong underlying market conditions throughout Texas. These factors, coupled with increased production efficiencies, led to a product gross margin of 36.5 per cent, reported Martin Marietta. Inclusive of acquired operations, aggregates product revenues increased 15.1 per cent for the quarter, refle...

LafargeHolcim's 2Q18 revenues rise by 6.2%

27 July 2018, Published under Cement News

LafargeHolcim's revenue grew 6.2 per cent in the 2Q18, with total net sales of CHF7442m (US$7468m). For the first six months net sales grew 4.8 per cent on a like-for-like basis. Over the first six months, recurring EBITDA was down -1.4 per cent on a like-for-like basis but earnings increased in the second quarter, with recurring EBITDA up by 1.5 per cent, largely offsetting a soft first quarter. Jan Jenisch, CEO of LafargeHolcim, said: "I am very satisfied with the sales growth we ...

Cemex's net sales rise by 7% in 2Q18

27 July 2018, Published under Cement News

Cemex's net sales increased by seven per cent during the 2Q18 to US$3.8bn versus 2Q17. Operating EBITDA increaed by four per cent during 2Q18 to US$714m versus 2Q17. Cemex's CEO, Fernando A Gonzalez, said: "We are encouraged by the very favourable dynamics we saw in most of our portfolio during the quarter, with improvements in pricing which should translate into higher profitability during the second half of the year. Our operations in the US and Europe indicate a strong sequential growth ...

Cemex Latam Holding sees net sales fall 8% in 2Q18

27 July 2018, Published under Cement News

Cemex Latam Holdings (CLH) reports consolidated net sales of US$280m during the 2Q18, eight per cent lower than in 2Q17, while operating EBITDA reached US$62m, 19 per cent lower than in 2Q17. In the 2Q18 domestic grey cement, ready-mix and aggregates volumes fell by eight, 14 and 12 per cent, respectively, compared to results in 2Q17. Meanwhile, consolidated prices in US-dollar terms increased by three per cent for cement, by one per cent for ready-mix and remained flat for aggregates. Jam...