Cement News tagged under: Weekly Newsletter
HeidelbergCement merges HC Trading and Interbulk Trading23 November 2016, Published under Cement NewsFollowing the acquisition of Italcementi by HeidelbergCement Group, HC Trading and Interbulk Trading have merged their operations into a new company with a total turnover of round US$1.4bn (based on 2015 trade volumes). The merger of HC Trading and Interbulk Trading under the entity of HC Trading BV will carry the group’s international trading activities, specialising in cement, clinker, coal and petcoke, one step further by expanding the trade network and improving its position in the ma... |
Russia sees 9% fall in 3Q cement demand and output22 November 2016, Published under Cement NewsRussia’s cement consumption and output noted a nine per cent fall in the third quarter of 2016 when compared with the same period a year ago. Volumes decreased to 18.39Mt and 18.35Mt, respectively, according to Construction.ru. The market contraction has been attributed to a four per cent decrease in construction work volume. The country’s cement plants saw an average capacity utilisation of 70.4 per cent in 3Q16, down 7.3 percentage points when compared with 3Q15. Tulacement came at the t... |
USA: Portland and blended cement shipments in August rise by 3.1%17 November 2016, Published under Cement NewsTotal shipments of Portland and blended cement in the United States and Puerto Rico in August 2016 were 9.4Mt, up by 3.1 per cent from sales in August 2015. The leading producing states for Portland and blended cement in August 2016 were Missouri, Texas, California, Florida and Michigan, in descending order, and these accounted for about 42 per cent of the national total. The leading cement-consuming states, in descending order, were Texas, California, Florida, Ohio and Illinois, whic... |
CRH revenues rise to US$22bn on stronger US construction activity17 November 2016, Published under Cement NewsIn a trading update covering the first nine months of 2016, CRH announced that its sales revenues had reached EUR20.4bn (US$21.9bn) with improved performances in its European, Asian and American operations. On a pro forma basis, accounting for new revenues generated by acquisitions from LafargeHolcim, sales were six per cent higher in the year to September 2016 than they had been in the same period in 2015. The firm’s EBITDA improved by a greater margin – 14 per cent – reaching EUR2.4bn f... |
South Africa: PPC's 1H profits fall 66%16 November 2016, Published under Cement NewsPPC Ltd reported a 66 per cent decline in half-year profit, hit by higher finance costs. PPC said headline earnings per share (EPS) totalled 14 cents in the six months to end-September, compared with 41 cents a year earlier. Group cement sales volumes increased by 13 per cent, reflecting the impact of double-digit volume growth in the coastal regions. Group debt reduced to ZAR5.9bn (US$4.17bn) from ZAR9.2bn a year earlier following the receipt of proceeds from a rights issue. In Sept... |
Guatemala: Cemento Regional enters the market14 November 2016, Published under Cement NewsCemento Regional has started operating a plant in Escuintla, Guatemala, which has capacity to produce 8000 bags of cement per day with its new Cemengal Plug&Grind ® Classic grinding plant. Cemento Regional has invested US$12.2m in the construction and commissioning of the 12tph modular grinding plant, which will supply the product to its three stores in the department of Guatemala. "...Cemento Regional will start selling in its branded stores in El Naranjo, Calzada La Paz and on the ... |
Saudi Arabia: cement sales down 7%14 November 2016, Published under Cement NewsA recent report from Al Rajhi Capital Research stated that total cement sales in Saudi Arabia fell 6.8 per cent YoY to 47Mt in the first 10 months of 2016, from 50.2Mt in the same period last year. Clinker production also saw a decline, falling 1.7 per cent YoY. Total cement sector revenues declines 19 per cent YoY as a result of lower sales volume (which was down 10.5 per cent YoY) and a fall in the average realised price/t for most companies. Aggregate net income saw a significant decline ... |
India: Dalmia Cement commits to 100% renewable power14 November 2016, Published under Cement NewsDalmia Cement Ltd is the first cement company in India to join RE100, a global collaborative initiative of the world’s most influential companies committed to running their operations with 100 per cent renewable power, led by The Climate Group in partnership with CDP. Following the addition of 8MW solar photovoltaic capacity for its captive use, the company said it would aim to raise its share of renewable energy consumption fourfold by 2030 when compared with 2015. Dalmia currently sour... |
USA: CRH share price rises on Trump's election10 November 2016, Published under Cement NewsCRH's shares shot up by eight per cent on the Irish Stock Exchange (Iseq) yesterday on the back of Donald Trump's US Presidential win adding EUR2bn to the company's market capitalisation, valuing it at EUR26.8bn. CRH's shares soared to a more than nine-year high after Mr Trump confirmed in his acceptance speech that he intends pumping money into US infrastructure projects, including roads, airports and hospitals. CRH is the largest producer of asphalt and the third-largest producer of con... |
Cementir 9M16 results affected by foreign currencies10 November 2016, Published under Cement NewsCementir's results for the first nine months of 2016 were down on 2015 mainly because of the depreciation of the major foreign currencies, which had a negative effect of EUR6.3m on EBITDA, claims the Italian company. Sales gains of 1.8 per cent in the Scandinavian countries and Malaysia failed to offset the weakness of the Italian market and other negative effects in Turkey. The depreciation of the major foreign currencies against the Euro had a negative effect of EUR32.3m. EBITDA, at EUR ... |