Cement News tagged under: Weekly Newsletter
Arabian Cement Co 1Q revenue rises 11% YoY03 June 2015, Published under Cement NewsArabian Cement Company (ACC) said first-quarter revenue increased by 11 per cent to EGP585m (US$76.6m) compared to EGP529m a year earlier. The advance was mainly attributed to a 13 per cent increase in volumes as prices slip over the period. However, net profit dropped 52 per cent YoY to EGP56m, while the net profit margin was down 12 points to 10 per cent, the company in a statement. ACC said the EBITDA stood at EGP184m,19 per cent below than EGP227m in the corresponding period of last... |
Secil 1Q15 boosted by Angola operations02 June 2015, Published under Cement NewsSemapa, the Portuguese holding company that controls Secil, said turnover in its Cement and Derivatives Business unit for the first quarter of 2015 increased by 2.4 per cent YoY to EUR99.9m. The growth is mostly attributed to the performance of the ready-mix business unit in Portugal and Angola operations. EBITDA during the three month period rose by four per cent to EUR17.1m. Operating income was down by 25 per cent to EUR4.7m due to the increase in depreciation. Consolidated net income ... |
Holcim launches exchange offer for Lafarge shares01 June 2015, Published under Cement NewsHolcim said Monday it has launched the public exchange offer for all the shares of Lafarge, marking the final stage of the merger of the two cement majors. Shareholders in Lafarge are being asked to offer their shares at an exchange ratio of nine Holcim shares for 10 Lafarge shares. Their acceptance of the exchange is the final stage to create a new company. Holcim shareholders have already approved the tie up. The combined LafargeHolcim group would employ approximately 115,000 people i... |
Votorantim announces Turkish expansion01 June 2015, Published under Cement NewsVotorantim Cimentos is to triple the capacity of Sivas cement plant in Turkey involving an investment of EUR140m, representing the largest spend for the company outside the Americas under its recently announced 2015-2018 outlay. The new project will see capacity at the Sivas plant increase from 0.6Mta to 1.8Mta. Groundbreaking will take place this month and cement production is scheduled to begin in 2017. The Sivas plant currently accounts for about 19 per cent of Votorantim Cimentos’ 3M... |
Lafarge Tarmac achieves ISO 5000101 June 2015, Published under Cement NewsLafarge Tarmac has achieved the international energy management standard, ISO 50001, across its Cement and Lime division. It’s the first step in rolling the certification out across its entire UK business by the end of 2015, the company said in a statement today. ISO 50001 provides organisations with a framework to manage and improve their energy performance, while enhancing operational efficiencies, decreasing energy intensity and reducing environmental impacts. Over the past year, Lafarg... |
Ang plans to increase capacity in the Philippines01 June 2015, Published under Cement NewsPhilippine businessman Ramon S Ang plans to expand capacity of his privately-held Eagle Cement Corp as well as construct two new cement plants in the country. In an interview published in the Philippine Star, Ang said the company plans to build two new cement facilities in Cebu and Davao, each with a capacity of 2Mta. He also plans to add a 1Mta line at its existing cement facility in Bulacan. “We are now finishing the second line and preparing to put up a third line. With Eagle... |
Cemex raised to Buy at Longbow28 May 2015, Published under Cement NewsCemex is upgraded to Buy from Neutral by Longbow, based on continually improving fundamentals in the cement industry with price increases of 8-10 per cent supported by volume growth of 6-8 per cent. In a report published Wednesday, Longbrow Research analyst said utilisation rates are climbing and contacts are concerned about available capacity in late 2015 and early 2016; these factors, including limited driver availability, suggest continued suppliers' pricing power. US driver A re... |
Adelaide Brighton predicts 2015 sales gain28 May 2015, Published under Cement NewsAustralian construction materials group Adelaide Brighton says cement and clinker product sales volumes should be "similar to or greater than" levels in the prior year. Lime sales, which declined 7.7 per cent in 2014 after a downturn in the gold sector, were also anticipated to be similar or slightly higher than last year. The group told shareholders at today's annual general meeting that after last year's acquisitions, Adelaide Brighton was expecting to book around $4.4m worth of syn... |
TCL poised for new loan syndication28 May 2015, Published under Cement NewsTrinidad Cement Limited (TCL) is set to launch a US$245m five-year term loan as it seeks to turn a new leaf following the completion of a debt restructuring earlier this year, Reuters reports. Bank meetings in New York today will kick off a syndication being led by Credit Suisse and Citigroup, whose bridge loan to the company is expected to be taken out with this transaction. After failing to bring a debut international bond to market last year, TCL was forced in October to miss a debt pay... |
Holcim and Lafarge seal binding deal with CRH27 May 2015, Published under Cement NewsLafarge and Holcim have now entered a binding agreement with CRH regarding the sale of several assets with an enterprise value of EUR6.5bn. As announced in February 2015, the assets include operations mainly in Europe, Canada, Brazil and the Philippines (see below). The acquisition remains conditional upon successful completion of the merger of Lafarge and Holcim as well as the completion of local asset reorganisations. The acquisition is expected to complete in the second half of 2015. ... |