Cement News tagged under: Costs

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Morgan Stanley rates UltraTech Cement rated ‘Overweight’

02 May 2017, Published under Cement News

UltraTech Cement has been rated ‘Overweight’ by Morgan Stanley with the EBITDA beat driven by costs, the research house notes. Morgan Stanley cited gradual improvement in industry cement demand, UltraTech Cements's positioning with timely capacity additions and its pan-India presence. Cost focus should further aid growth, it highlighted. "We believe current multiples are sustainable, as we project 25 per cent EBITDA CAGR over FY17-19. UltraTech reported a seven per cent YoY decline in FY1...

It's all about the costs

26 August 2016, Published under Cement News

Dr Clark considers the value of measuring and comparing the costs of making cement as the first step to optimising, ie minimising, those outlays as he discusses cost benchmarking and optimisation. Raw materials can be cheaper to extract with bulldozers The Technical Forum has covered many technical topics related to the production of cement over the years. However, we must always keep in mind that cement-making companies and factories must also be money-making operations to s...

European cement industry carbon costs cannot be passed onto customers

15 February 2016, Published under Cement News

One of the issues during the debate on the future of the EU Emissions Trading Scheme (EU-ETS), is the ability (or not) of a sector to pass on to their customers costs arising from to the purchasing of CO2 allowances. “Based on a recent study commissioned to PricewaterhouseCoopers (PwC), it is clear that the European cement industry cannot pass through these additional carbon costs onto its customers,” according to European cement association, CEMBUREAU. “This is demonstrated by both econo...

Shanshui Cement announces 2013 gross profits of US$617.7m

24 March 2014, Published under Cement News

During the 12-months ended 31 December 2013, China Shanshui Cement Group Ltd’s revenue reached CNY16,535m (US$2667.85m). Gross profit was CNY3829m while profit from operations reached CNY2557m. Profit attributable to equity shareholders of the company was CNY1017m. Basic earnings per share reached CNY0.36. The Board recommended the payment of a final dividend of HKD0.092/share (US$0.01/share) for the year ended 31 December 2013. Mr Zhang Bin, chairman and general manager of Shanshui Ceme...

Paraguay: INC back in profit, says company president

24 March 2014, Published under Cement News

Paraguay’s Industria Nacional del Cemento (INC) is yielding profits again, according to its president Jorge Méndez Cuevas, although the company remains US$60m in debt. “INC’s average monthly losses totalled nearly PYG4.5bn (US$1.017m). From September 2013, we started to yield positive results. That month posted a net profit of PYG1.43m, in October PYG955m, in November PYG1.03bn, in December PYG4bn and in January this year PYG1.283bn. We currently have a record PYG88bn in the treasury and ...