Cement News tagged under: Weekly Newsletter
Cementos Argos raises cement volumes by 16.7% in 3Q1713 November 2017, Published under Cement NewsCementos Argos reports in its 3Q17 results that consolidated cement volumes reached 4.2Mt, with a 16.7 per cent increase driven by positive dynamics in the company's operating regions and the consolidation of the Martinsburg plant operation. Concrete volumes decreased 6.1 per cent, due to the performance of Texas and Colombia. The adjusted EBITDA, excluding no-recurring items associated to the BEST programme, closed in COP428bn (US$143.2m), compared to COP398bn in 3Q16, with a 19.5 per... |
Cementir Holding sees a 32% increase in revenue for 3Q1709 November 2017, Published under Cement NewsItaly-based Cementir Holding reported a revenue of EUR332.4m (US$385.4m) in the third quarter of 2017, reflecting a YoY increase of 32.1 per cent YoY. EBITDA rose to EUR46.5m in 3Q17, up 44 per cent YoY from EUR67m in the 3Q16 while EBIT reached EUR42.5m, representing a 59.8 per cent rise YoY. The company posted a 3Q profit before taxes of 42.3m, a 61.8 per cent increase when compared with 3Q16. In terms of sales volumes, the company sold 3.187Mt of grey and white cement during the qua... |
Taiheiyo Cement reports 35% 1H pretax profit rise09 November 2017, Published under Cement NewsTaiheiyo Cement Corp has posted a 11.9 per cent rise in revenues to JPY421.94bn (US$3.72bn) in 1H17 from JPY376.93bn in 1H16. Operating profit during the six months ending 30 September 2017 increased 31.8 percent YoY to JPY27.43bn while pretax profits rose 34.9 per cent from JPY20.81bn in 1H16 to JPY28.07bn in 1H17. However, the Japan-based cement producer’s net profit fell 48.7 per cent from JPY42.1bn to JPY16.93bn over the same period. For the financial year ending March 2018, Taihe... |
HeidelbergCement announces 7% rise in EBITDA for 3Q1708 November 2017, Published under Cement NewsHeidelbergCement has announced for the third quarter of 2017 a seven per cent YoY rise in EBITDA from its current operations to EUR1058m on a comparable basis (adjusted for currency and consolidation effects). After depreciation and amortisation, the result from current operations grew by seven to EUR787m (3Q16: EUR738m). On a comparable basis, the rise in result from current operations before and after depreciation and amortisation amounted to seven and eight, respectively. “Besides the g... |
Pakistan’s cement industry expected to grow 8%08 November 2017, Published under Cement NewsPakistan’s cement consumption grew 16.53 per cent between July-August of this year with a positive outlook for the rest of the year forecast. Domestic cement demand is expected to increase by 8-8.5 per cent per annum on the back of hydropower plants currently under construction or planned as part of the Public Sector Development Programme (PSDP) and China Pakistan Economic Corridor (CPEC) investments. CPEC is expected to implement three hydropower projects at Karot, Suki Kinari and Kohala... |
Fund manager gains veto control over PPC07 November 2017, Published under Cement NewsThe Public Investment Corporation (PIC) has increased its stake in PPC Ltd, South Africa, to just over 25 per cent, the threshold required to gain ‘negative control’ over the country’s largest cement producer, according to a report in Business Day. The PIC, which also controls 66 per cent of the second-largest player in South Africa, Afrisam, is now the able to block any significant transactions the PPC Ltd board seeks to pursue. Such transactions would require support from 75 per cent of s... |
Argentina’s cement market expands 23% in October 201706 November 2017, Published under Cement NewsIn October Argentina cement producers delivered 1,150,386t of cement, including exports, according to the Argentine cement producers association, AFCP. This represents a two per cent rise MoM and 23.2 per cent YoY. Of this total, domestic deliveries stood at 1,141,190t, up 23.3 per cent YoY, while exports increased 14.5 per cent YoY to 9196t. When compared with September 2016, domestic dispatches were up 1.8 per cent from 1,121,423t and exports 41.1 per cent from 6517t. Domestic demand ed... |
ASI: Indonesia cement sales up 7%02 November 2017, Published under Cement NewsFor the first nine months of 2017, cement consumption in Indonesia rose 6.6 per cent to 47.432Mt from 45.504Mt, according to the Indonesian Cement Association (ASI). The data reflects sales by ASI members only. Demand in Java increased 11.3 per cent to 26.962Mt YoY while the off-take from ASI members in Sumatra showed a 4.2 per cent rise to 9.988Mt and in Nusa Tenggara, ASI members supplied 2.687Mt (+2.1 per cent) in 9M17. The Kalimantan market contracted by 5.8 per cent in the period to 2... |
August cement shipments in the US up 3%02 November 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico in August 2017 reached 9.7Mt, an increase of 3.1 per cent when compared with August 2016, according to the latest data from the US Geological Survey (USGS). The leading cement-consuming states – Texas, California, Florida, Ohio and Illinois (in descending order) – accounted for a 37 per cent of August 2017 shipments. The leading producing states during this period were Missouri, Texas, California, Florida and Michigan... |
Siam Cement Pcl sees 16% fall in profit01 November 2017, Published under Cement NewsSiam Cement Pcl reported a 16 per cent fall in 3Q17 net profit on Wednesday due to weak demand and lower margins in its chemical and packaging segments. According to a poll by Thomson Reuters, the net profit for the third quarter was THB11.84bn (US$357.06m) thereby missing expectations of THB14bn. Revenue from sales rose seven per cent to THB112.43bn. Domestic cement volume sales were also down two per cent YoY. Revenue from Vietnam, Indonesia and the Philippines helped by increasing profi... |