Cement News tagged under: Lebanon
Lebanon: beyond tomorrow02 November 2016, Published under Cement NewsWith falling domestic consumption and foreign direct investment offering limited demand at home and the Syrian war disrupting regional export routes, Lebanon’s cement producers are cutting costs and reducing output. However, the long-term scenario offers improved opportunities both within and beyond the country’s borders. By Riwa Daou, Blominvest Bank, Lebanon. As local demand weakens and foreign direct investment falls, Lebanon's cement producers look to the medium- to long term f... |
Lebanon cement deliveries rose by 19.6% in 1Q1605 July 2016, Published under Cement NewsFigures released by the Central Bank of Lebanon show that cement deliveries rose by a yearly 19.6 per cent in the first four months of 2016. Cement deliveries actually reached circa 1,575,308t in the first four months of 2016, up from 1,317,325t in the corresponding period of 2015. It is worth recalling that cement deliveries reached 5,042,873t in 2015, down from 5,516,827t in 2014. |
Holcim Liban posts steep fall in 1H profit08 September 2015, Published under Cement NewsCement producer Holcim Liban posted an unaudited net profit of US$2m in the first half of 2015, down 78.3 per cent from net earnings of US$9.4m in the same period of 2014. The firm’s sales totaled US$66.7m in the first half, a decline of 28.5 per cent from US$93.2m in the same period of 2014. Gross profit margin reached 28 per cent in the first half of 2015 relative to 30.7 per cent in the same period of 2014. Holcim’s assets totaled US$275.1m at the end of June 2015, representing a decr... |
Secil 1Q15 boosted by Angola operations02 June 2015, Published under Cement NewsSemapa, the Portuguese holding company that controls Secil, said turnover in its Cement and Derivatives Business unit for the first quarter of 2015 increased by 2.4 per cent YoY to EUR99.9m. The growth is mostly attributed to the performance of the ready-mix business unit in Portugal and Angola operations. EBITDA during the three month period rose by four per cent to EUR17.1m. Operating income was down by 25 per cent to EUR4.7m due to the increase in depreciation. Consolidated net income ... |
Proposed Lebanon plant to be relocated02 April 2015, Published under Cement NewsA cement factory that was set to be built in Zahle, Lebanon, will be relocated to another area, according to reports by the Daily Star (Lebanon). The planned cement factory, which has been met with widespread opposition for Zahle residents and officials over health and environmental concerns, will now be relocated after an agreement was reached with the head of the project, Pierre Fattouch, Archbishop of the Greek Catholic diocese of Zahle and Forzol Issam Darwish announced in a news co... |
Portugal Semapa profit up 15%04 November 2014, Published under Cement NewsPortugal's conglomerate Semapa, owner of cement maker Secil, posted on Friday a 15 per cent rise in nine-month net profit, helped by lower taxes on some of its overseas operations and a small increase in sales. Net profit rose to EUR80m the company said in a statement. Still, EBITDA fell 4.5 per cent from a year ago to EUR98m. Total sales rose about by about one per cent to EUR1.48bn, with cement sales up four per cent. The company attributed the growth to cement and clinker exports from ... |
Semapa 1H14 cement turnover up 5.3 per cent YoY04 September 2014, Published under Cement NewsSemapa, the Portuguese holding company that controls cement maker Secil, said turnover from its cement business operating rose 5.3 per cent YoY to EUR217.3m, driven mainly by increased exports from its home market of Portugal. In its domestic market of Portugal, Secil recorded a turnover of EUR91.2m, up 11 per cent YoY. Export revenue increased by 20.6 per cent YoY and accounted for 68.2 per cent of total sales volumes. Overall, domestic sales volumes were down 1.5 per cent YoY. However, l... |
Lebanon sees declining deliveries in 201228 February 2013, Published under Cement NewsLebanon cement deliveries dropped by 4.4 per cent YoY in 2012 to 5.308Mt. The decline in cement deliveries and construction permits (which fell by 11.7 per cent in 2012) confirms the slowdown or delay in the initiation of construction projects, according to local press reports. During December 2012, cement deliveries dropped by 17.7 perc ent from the same month of 2011 to reach 367,000t. Indeed, every month during 2012 registered a YoY decline. (Source: The Daily Star) |
Holcim Liban’s emission reduction efforts, Lebanon28 November 2012, Published under Cement NewsHolcim Liban has reduced emissions significantly over the past three years, according to company officials. The Daily Star (Lebanon) reports that does emissions from Holcim’s Lebanon division have been cut by 82 per cent, while other dust emissions have been reduced by 22 per cent. Overall CO2 emissions per tonne of cement have been brought down by five per cent, according to the company’s latest environmental report. |
Deliveries to Lebanon decline during Jan-July 201208 October 2012, Published under Cement NewsCement deliveries to Lebanon declined by 5.32 per cent YoY to 3,075,466t during the first seven months of 2012, from 3,248,415t a year earlier. On a monthly basis, deliveries eased by 4.55 per cent to 488,690t in July compared with 511,973t in June. The average monthly growth rate in cement deliveries reached 4.32 per cent during the first seven months of 2012 compared with a higher 7.21 per cent growth in the same period in 2011. The compounded annual growth rate in cement deliveri... |