Cement News tagged under: Weekly Newsletter
Vulcan Materials improves net profit11 May 2017, Published under Cement NewsVulcan Materials, the largest US aggregates producer, generated a 1Q17 turnover 4.3 per cent ahead at US$787.3m while EBITDA declined by four per cent to US$149.3m, having just over doubled the year before. At the trading level, the first-quarter profit improved by 11.5 per cent to US$67.4m and the net interest charge in the period increased by one per cent to US$34.17m, giving a pretax profit 32.3 per cent higher at US$43.5m. At the net attributable level the profit increased by 11.9 per ce... |
Cementos Molins to raise capacity by 4.4Mta09 May 2017, Published under Cement NewsIn the next three years Cementos Molins plans to invest EUR350m to increase its capacity by 4.4Mta. The company currently has projects in Argentina, Colombia and Bangladesh. In Argentina the company will invest EUR100m in its joint venture with Votorantim, Cementos Avellaneda. The sum represents about half the investment required to add 0.2Mta at the Olavarría unit this year and expand capacity at the San Luis works to 0.9Mta by 2019. Meanwhile, in Colombia Cementos Molins and its pa... |
Argentine cement demand sees 12% rise08 May 2017, Published under Cement NewsArgentina saw a 18.1 per cent MoM drop to 845,690t in dispatches (including exports) in April but noted a 10.7 per cent rise YoY, according to the country’s Portland Cement Manufacturers’ Association. Domestic deliveries fell by 184,000t or 17.8 per cent to 844,324t when compared with March, despite a rebound in the first few months of the year, supported by private and public works. However, when compared with April 2016, the domestic market expanded by 11.6 per cent. Exports were dow... |
Summit full-year income up 32.7%08 May 2017, Published under Cement NewsFor the 12 months ended 31 December, Summit Materials Inc reported basic and diluted earnings per share of US$0.53 on net income of US$36.8m up 32.7 per cent YoY. For the same 12-month period, the US-based producer reported adjusted net income of US$98.3m. For the three months ended 31 December 2016, it reported a basic loss per share of ($0.00) on a net loss of (US$0.3). For the same three-month period, Summit reported adjusted diluted earnings per share of US$0.21 on adjusted net income... |
ACC to consider merger with Ambuja Cement08 May 2017, Published under Cement NewsThe Board of Directors of ACC, at its meeting on Friday, decided to commence an evaluation of a potential merger with Ambuja Cement. Both Indian cement concerns are part of the LafargeHolcim group. The move is being considered "with a view to combine the strengths of both businesses so as to benefit all stakeholders," ACC said in a statement. A special committee of directors, of which the majority are independent directors, has been installed to commence the evaluation. "No decision ... |
Trinidad Cement revenues down 12%04 May 2017, Published under Cement NewsTrinidad Cement Ltd (TCL) said its revenue for the first three months of the year was down by 12 per cent YoY to TTD422m (US$62.5m) due to a construction slowdown in one of its major markets and tougher regional competition. Group volumes in 1Q17 were down six per cent YoY which the company said reflected a slowdown in Trinidad and Tobago construction activity, compounded by increased competition in the Caribbean region. However, TCL noted that positive trends continued in the Jamaican m... |
MPA sales suggest 'continued impetus' in construction04 May 2017, Published under Cement NewsConstruction market demand in the UK for mineral products was higher in the first three months of this year compared with the previous quarter, providing some evidence of continued impetus in construction activity at the start of the year, according to the Mineral Products Association (MPA). Sales of aggregates grew by 2.1 per cent in 1Q17 compared to the previous quarter and ready-mix concrete by a positive but more subdued 0.7 per cent. Mortar sales accelerated further after the strong ... |
Vicat expects improved Europe, US, India and west African markets03 May 2017, Published under Cement NewsVicat's first-quarter turnover eased by 0.5 per cent to EUR551m, which represents an underlying advance of 1.4 per cent. The cement turnover declined by three per cent to EUR283m, as cement shipments advanced by 1.2 per cent to 4.89Mt. Before inter-sector eliminations, the cement turnover amounted to EUR335m. The turnover in concrete and aggregates was three per cent ahead at EUR204m, which represents an underlying decline of 2.5 per cent, as aggregates shipments rose by 3.7 per cent to 5... |
Martin Marietta boosted by Building Materials03 May 2017, Published under Cement NewsUS-based Martin Marietta yesterday announced record consolidated net sales of US$791.7m in the first quarter of 2017, up 7.9 per cent on the same period of last year. The company also said consolidated gross profit reached a high of US$147.1m in 1Q17 compared with US$145.3m a year earlier. EBITDA totalled US$147.7m in the first quarter of this year, it added. Commenting on the performance, Ward Nye, chairman, president and CEO of Martin Marietta, stated: "Our strong first-quarter resu... |
Al Anwar signs greenfield investment plan03 May 2017, Published under Cement NewsOmani private equity firm Al Anwar Holdings has entered into a shareholders' agreement with Hormozgan Cement Co of Iran to establish Hormuz Al Anwar Cement SAOC for the construction of a greenfield grinding plant in the port town of Duqm, Oman. The new facility will has a slated capacity of 0.6-1Mta and is expected to involve an investment of OMR10.5m (US$27.3m), according to a disclosure statement posted on the Muscat Securities Market website and reported by the Times of Oman. “This... |