Cement News tagged under: Weekly Newsletter
Loma Negra reports 1Q YoY results growth09 May 2018, Published under Cement NewsArgentina-based producer Loma Negra reported a 41.6 per cent rise in net revenues in the first quarter of 2018 to ARS4534m (US$230m) as the company’s combined cement, masonry and lime sales volumes in Argentina increased 9.5 per cent YoY and prices were favourable. Adjusted EBITDA advanced 40.6 per cent YoY to ARS1166m although the EBITDA margin remained flat at 25.7 per cent. In addition, Loma Negra’s concrete volumes in Argentina jumped 44.8 per cent to 0.25Mm 3 as public infrastr... |
Asamer Baustoffe seeks buyout bid for Fabrika Cementa Lukavac09 May 2018, Published under Cement NewsAustria's Asamer Baustoffe is launching a buyout bid for Bosnia-Herzegovina-based Fabrika Cementa Lukavac, following a notice posted with the Sarajevo bourse on Tuesday, reports SeeNews. Asamer Baustoffe AG currently holds a 99.3 per cent in Fabrika Cementa Lukavac, while the remainder is in the hands of physical entities. |
Colombia's cement market contracts 10% in March01 May 2018, Published under Cement NewsCement deliveries in the Colombian cement market fell 9.9 per cent YoY to 976,300t in March, according to the country’s national statistics office, DANE. Around 68 per cent, or 668,700t of this total was supplied as bagged cement with a further 307,600t as bulk product. Deliveries to the country’s largest market, Bogotá, declined by 9.9 per cent while the key markets of Antioquia and Cundinamarca also reported significant decreases of 10.4 and 17 per cent, respectively. Further drops were... |
Pakistan cement export revenue continues to grow01 May 2018, Published under Cement NewsPakistan cement exports during the first nine months of the current fiscal year (July 2017-March 2018) recorded a YoY fall of 8.5 and 13 per cent in terms of quantity and value in dollar, respectively, says the Federal Bureau of Statistics, Government of Pakistan. Pakistan exported 3.337Mt of cement and earned export revenue of US$166.6m in July 2017-March 2018 compared to 3.646Mt at US$191.51m in the corresponding months of the last fiscal year. In March 2018 the country expor... |
Shree Cement reports 31% increase in net profit30 April 2018, Published under Cement NewsIndia’s Shree Cement has reported a 31.1 per cent YoY rise in standalone net profit for the quarter ending 31 March 2018, increasing to INR3.99bn (US$60.14m) from INR3.04bn. Net revenue surged 18.1 per cent to INR28.11bn, compared to INR23.80bn of the year-ago period. The cement sector helped boost the revenue, with a six per cent uptick in cement sold. This has been attributed to an increased demand in the northern and central regions of the country, according to Live Mint. However, fue... |
Cemex reports increase in net sales in 1Q1827 April 2018, Published under Cement NewsCemex has announced a 92.3 per cent YoY fall in profit for the 1Q18, decreasing from US$336m to US$26m. The sharp decline has been attributed to higher operating expenses and foreign exchange loss. Operating EBITDA declined four per cent to US$535m, while the EBITDA margin was down 1.9 per cent YoY at 18.8 per cent. However, the company has recorded an eight per cent increase in overall net sales to US$3.38bn from US$3.14bn. Consolidated cement volumes increased by one per cent to 1... |
Cementos Bío Bío launches 2021 strategic plan27 April 2018, Published under Cement NewsAs cement demand in Chile remains muted and the cement industry is restructuring its operations, Cementos Bío Bío is launching its “Transforma 2021” strategic programme. The plan is to develop improved commercial, operational and innovation capabilities and enable the company to maintain its status as a key player. “This transformation that we carry out challenges the traditional model for one that manages to turn the company into a company of the future that sustainably faces the current... |
CRH 1Q18 underlying sales slip 2%26 April 2018, Published under Cement NewsA GBP16.5m (EUR19m) deal was concluded with CRH in the early part of 2018, whereby Breedon acquired four quarries and an asphalt plant in Britain in exchange for 27 ready-mixed batching plants and GBP4.9m (EUR5.6m) in cash. CRH's underlying sales in the 1Q18 declined by around two per cent, with European turnover also being off by two per cent. The Americas turnover slipped three per cent while in The Philippines there was a five per cent decline. Group EBITDA in 1H18 are expected to be s... |
GCC quintuples consolidated net income in 1Q1825 April 2018, Published under Cement NewsGrupo Cementos Chihuahua (GCC) reported a 13.6 per cent YoY rise in net sales to US$188.7m in 1Q18. The Mexico-based cement producer saw its EBITDA rise by 40.6 per cent to US$45.9m during the first quarter and improved its EBITDA margin from 19.6 per cent in 1Q17 to 24.3 per cent in 1Q18. Consolidated net income more than quintupled YoY to US$11.3m from US$1.7m in 1Q17. An 18 per cent rise in Mexican sales and an 11.9 per cent increase in US sales were key drivers to the improved results. ... |
Shree Digvijay Cement posts 63% rise in sales25 April 2018, Published under Cement NewsIndia-based Shree Digvijay Cement has announced a 63.1 per cent YoY rise in sales in the fourth quarter, ended March 2018. EBITDA increased 41.5 per cent to INR189m (US$2.83m), while EBITDA margin fell 2.3 per cent. Total income surged 255.6 per cent to INR92m, compared to INR36m of the December 2017 quarter. While it has been posting positive results recently, the company had accumulated losses of approximately INR468m up to FY17, reports Money Control. In March 2018, Shree Digvijay ... |