Cement News tagged under: 9M18

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Vicat optimistic for future growth

09 November 2018, Published under Cement News

This week Vicat announced its 9M18 results with a 7.6 per cent growth in sales, while weaker exchange rates impacted on revenues. Parts of Europe and the US market had a positive effect on results, but Vicat found devaluation of the Turkish lira and production issues in Egypt slowing its progress. Currency headwinds had a negative impact of EUR125m for the group at the end of September. Looking ahead, the group forecasts further growth in the USA and will also want to see market improvemen...

Buzzi Unicem's 9M18 cement volumes rise by 3.1%

08 November 2018, Published under Cement News

Buzzi Unicem reports that its 9M18 cement volumes recorded a rise of 3.1 per cent to 20.9Mt, up from 20.3Mt in 9M17. Consolidated net sales for the 9M18 amounted to EUR2137.4m , up 0.2 per cent compared to EUR2133.4m in the same period of 2017. Cement and clinker sales of the group in the period January-September 2018 stood at 20.9Mt, an advance of 3.1 per cent compared to the previous year (-0.8 per cent on a like-for-like basis). Meanwhile, Buzzi Unicem's ready-mix sales fell by 1....

Arkan's 9M18 results are stable at AED676.9m

01 November 2018, Published under Cement News

Arkan Building Materials Company (ABMC) reported that it achieved a net revenue of AED676.9m (US$184.3m) in 9M18 compared to AED677.6m during the 9M17. The growth in pipes, blocks and dry mortar sales offset the decline in clinker sales. Clinker sales were impacted by stiff competition, cheap imports from Iran and a slowdown in summer construction. Higher production costs also affected ABMC's profit margins, as the plant continued to import limestone from Oman, while a sustainable solutio...