Cement News tagged under: Weekly Newsletter
Pakistan dispatches rise 9.5% in first seven months05 February 2015, Published under Cement NewsPakistan cement dispatches over the first seven months of the current fiscal increased by 6.18 per cent to 20.22Mt compared with 18.86Mt in the same period of the previous year, boosted by local sales. "The most pleasant aspect of this growth is that it is led by domestic consumption which increased by 9.45 per cent during this period" a spokesperson for the All Pakistan Cement Manufacturers Association (APCMA) said. Dispatches from the north rose by 10.63 per cent to 12.95Mt versus 11... |
Vicat increases cement shipments by 13.7%04 February 2015, Published under Cement NewsVicat's turnover improved by six per cent in 2014 to €2423m, which translates into an underlying increase of eight per cent on a like-for-like basis. Turnover in cement advanced by 13.7 per cent to €1261m, or €1483m before deducting inter-group transfers. Aggregates and concrete sales declined by 1.8 per cent to €860m, while other activities saw turnover edging ahead by 0.3 per cent to €301m. Cement accounted for 53.7 per cent of turnover, up from the 50.6 per cent shown in the previ... |
ACC reports 19% rise in 4Q14 profit04 February 2015, Published under Cement NewsACC, India’s second-largest cement manufacturer, reported a 19 per cent jump in profit in the October-December quarter, driven mainly by a substantial tax reversal. Net profit rose to INR3.26bn in the three months ended 31 December from INR2.75bn a year ago, the company said in a filing to the Bombay Stock Exchange. The tax reversal for the quarter stood at INR1.8435bn against a reversal of INR358.5m in a year ago. The Holcim group company said net sales increased by three per cent to I... |
2014 MPA sales volumes positive as construction markets improve02 February 2015, Published under Cement NewsMinerals products markets performed strongly in 2014 as construction output grew by six per cent, according to MPA figures. Sales volumes accelerated for aggregates (11 per cent growth made up of crushed rock + 13.5 per cent, sand and gravel +7.2 per cent) and asphalt (+8.6 per cent). Growth in ready-mixed concrete sales moderated in 2014 (+1.7 per cent), but from a higher base following an early and marked recovery of the concrete market throughout 2013. Asphalt and crushed rock sales wer... |
Pakistan: Attock Cement sees 24% increase in quarterly profit29 January 2015, Published under Cement NewsAttock Cement reported a 24 per cent rise in profit during 2QFY14-15 of PKR554m (US$5.5m) compared to PKR449m in the same period of last year. First-half profit increased 15 per cent to PKR1025m against PKR871m in 1HFY13-14, the Pakistan-based producer reported. Net sales rose to PKR3193m in 2QFY15 compared to PKR3045m in 2QFY14, up by five per cent. First half sales rose seven per cent to PKR 6369m Gross margins also improved markedly by 33.04 per cent compared to 27.46 per cent dur... |
Cementos Argos may refinance short-term debt in 2015, Fitch28 January 2015, Published under Cement NewsThe majority of Cementos Argos’ short-term debts due in 2015 are expected to be refinanced, according to an analysis of Colombian cement firm by Fitch Ratings. This move is anticipated due to the pressure on free cash flow during 2014 that was caused by the firm's aggressive acquisition programme, while the ratings agency believes that the business's liquidity is adequate and its funds from operations are stable. Cementos Argos has available credit worth COP2.20tn (US$922.43m), as well... |
PPC cautions on half-year earnings27 January 2015, Published under Cement NewsSouth Africa's biggest cement maker, PPC, advised yesterday that its earnings in the six months to the end of March 2015 may fall by as much as 45 per cent partly due to rising finance costs. The company said in a trading statement released yesterday that it headline earnings per share for the six for the first half of the fiscal year is expected to be between 25 and 45 per cent lower than the comparative period of the previous year. “Notwithstanding a weaker trading environment, the mai... |
UltraTech quarterly revenue rises 15% YoY26 January 2015, Published under Cement NewsIndia's largest cement producer, UltraTech Cement, reported a 15 per cent YoY increase in net sales for the quarter ended 31 December 2014 to INR54.9bn. Earnings before interest depreciation and tax for the three months was up 14.5 per cent to reach INR9.9bn, but profit after tax (PAT) dipped 1.6 per cent to INR3.64bn, compared to the same period of last year. For the first nine months of the current fiscal, revenues jumped 16 per cent and PAT rose seven per cent. Combined domestic ce... |
Ecuador: Peru’s Cementos Yura buys stake in Unión Cementera Nacional26 January 2015, Published under Cement NewsCementos Yura, part of Peru’s Grupo Gloria, has acquired a 63.5 per cent share in state-owned Unión Cementera Nacional of Ecuador, which will hold the balance of shares. The $230m investment will be disbursed to the Ecuadorian cement producers via a trust over the next 40 months, during which the construction will take place of a new 2400tpd clinker production line in Riobamba. "We will participate in this company with this contribution and are very optimistic that this will benefit t... |
Semen Indonesia targets seven per cent sales growth26 January 2015, Published under Cement NewsSemen Indonesia is targeting sales growth of around seven per cent this year, despite a cut in the price of the construction material for state-run enterprises initiated by the government last week. Semen Indonesia’s new president, Suparni, said the company is targeting production of 30Mt and hopes for an increase over 2014, when volume rose three YoY to 28.5Mt. That figure included 2.3Mt produced by Thang Long Cement, a Vietnamese company acquired by Semen Indonesia in 2013. The Indon... |