Cement News tagged under: Weekly Newsletter
GCC achieves 23% YoY rise in 2Q sales26 July 2017, Published under Cement NewsMexican cement producer Grupo Cementos Chihuahua (GCC) announced a 22.6 per cent YoY rise in consolidated net sales to MXN4497m in 2Q17 from MXN3669m (US$242.4m). The company derives the majority of its sales in the US, where net sales advanced 28.9 per cent YoY to MXN3455m in 2Q17. In its home market of Mexico, sales expanded by 5.5 per cent YoY to MXN1042m in 2Q17 when compared with 2Q16. Cement price realisation in the second quarter improved 16.9 per cent in Mexico but was more ... |
Ambuja Cements reports 2Q sales rise25 July 2017, Published under Cement NewsAmbuja Cements reported an 11.7 per cent increase in net sale in the 2Q17 as cement volumes and price realisations improved. The pan-Indian cement producer said net sales reached INR28.23bn versus INR25.28bn in the 2Q16. Cement volumes increased to 6.05Mt in the quarter under review compared to 5.76Mt in the April-June 2016 period. For the first six months of 2017, volumes rose to 12.07Mt, up 3.9 per cent YoY. Operating EBITDA for the quarter stood at INR6.51bn versus INR5.98bn in the ... |
New grinding line for Nepal25 July 2017, Published under Cement NewsFLSmidth has signed a contract with Nepal Shalimar Pvt Ltd for engineering, procurement and supply of equipment for a new cement grinding unit for its existing cement production line. The plant is located in Simara in the Bara district, Nepal. Nepal Shalimar Cement Pvt Ltd is a part of the Shalimar Group, one of the largest conglomerates in Nepal. The contract comprises a range of equipment, including FLSmidth OK™ 19-3 mill, bag filters, weigh feeders, truck loading machine, OK™ mill gear ... |
Pacasmayo profit decreases 34% YoY in 2Q1724 July 2017, Published under Cement NewsCementos Pacasmayo, Peru’s third-largest cement producer, posted a 34 per cent YoY drop in profits in 2Q17 as sales fell and El Niño damage increased costs. Cementos Pacasmayo reported a profit of PEN21.4m (US$6.6m) between April and June 2017, compared with a profit of PEN32.5m in 2Q16. This drop in profit was mainly due to "lower sales, higher expenses related to cessions, increases in distribution costs for the destruction of roads, as well as the cost of some damage to our plants by ... |
Breedon 1H17 results boosted by Hope contribution20 July 2017, Published under Cement NewsBreedon Group plc, the UK’s largest independent construction materials group, announces its unaudited interim results for the six months ended 30 June 2017, reporting a strong profit improvement from former Breedon Aggregates business and robust contribution from former Hope Construction Materials. The former Breedon Aggregates business posted a strong profit improvement, even after taking into account the shutdowns of both Hope kilns for planned annual maintenance and upgrade during the ... |
UltraTech sees profit growth in 1QFY1819 July 2017, Published under Cement NewsUltraTech Cement Ltd, an Aditya Birla Group Company, yesterday announced its unaudited financial results for the quarter ended 30 June, 2017. The results include those of the cement plants of Jaiprakash Associates Ltd (JAL) and Jaypee Cement Corporation Ltd (JCCL) acquired in terms of a Scheme of Arrangement effective 29 June 2017. Net sales for the period stood at INR69.38bn as compared to INR65.35bn in the corresponding period of the previous year. Profit before interest, depreciation an... |
Indonesia 1H sales dip, exports rise18 July 2017, Published under Cement NewsCement sales in Indonesia registered a slight decline over the first half of this year, while exports sales fared better over the six-month period, according to the latest industry data. Domestic sales were down by 1.3 per cent YoY to 29Mt in the 1H17, compared to 29.37Mt a year earlier, statistics published on state-owned Semen Indonesia’s website reveal. Widodo Santoso, chairman of the Indonesian Cement Association (ASI), told local press that the decline is attributed to the long hol... |
Argentina consumption up 17% YoY in June18 July 2017, Published under Cement NewsArgentina’s cement market expanded 4.1 per cent MoM to 1,007,450t in June, according to the country’s cement association, AFCP. When compared with June 2016, the increase reached 17.2 per cent. Around 8972t of imports are included in this figure – more than quadrupling when compared with June 2016 although when compared with May 2017, the rise is more modest at 51 per cent. Domestic cement companies dispatched 1,001,428t, including exports, up 3.6 per cent MoM and 16.1 per cent YoY. Of th... |
ACC achieves sales growth of 18%18 July 2017, Published under Cement NewsIndia-based cement producer ACC Ltd has recorded a 32.6 per cent growth in consolidated net profit for the April-June quarter, helped by sales growth. The LafargeHolcim group company said net profit for the three months to the end of June 2017 totalled INR3.26bn (US$50.7m). Operating EBITDA improved by 38 per cent to INR6.37bn. Pretax profit was up by 19 per cent in the current quarter. The company achieved an 18 per cent YoY rise in turnover to INR33.29bn during the quarter, noting th... |
Moroccan monthly sales down 31%17 July 2017, Published under Cement NewsThe Moroccan cement market contracted in June by 30.6 per cent YoY to 721,846t from 1,039,544Mt in June 2016, according to the country’s Ministry of Housing. The drop in sales was attributed to a slowdown in construction activity. In the first half of 2017, demand decreased 9.24 per cent to 6,771,681t with all parts of country seeing a drop in sales, apart from a few southern provinces. The largest MoM decline was reported in the eastern region, where sales fell by 39.8 per cent, from... |