Cement News tagged under: Weekly Newsletter
Lafarge Malaysia's 3Q14 pretax down 54.2%19 November 2014, Published under Cement NewsLafarge Malaysia reported a 54.2 per cent drop in third-quarter pretax profit on lower revenue and higher operating cost arising from the increase in electricity and fuel prices. Pretax profit for the three months to the end of September 2014 plunged to MYR73.9m (US$21.98m) from MYR161.41m a year earlier, the country's largest producer said in a statement released yesterday. Revenues over the three month period fell to MYR664.63m from MYR728.01m in 3Q13. The decline in sales mainly att... |
US nine-month shipments preliminary data18 November 2014, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico for the first nine months of the year reached 66.292Mt, preliminary data released by the US Geological Survey (USGS) yesterday shows. Of the total figure, domestic shipments accounted for 60.916Mt and imports for 5.376Mt. In September alone, shipments amounted to 9.006Mt, including 8.235Mt of domestic shipments and 770,802t of imports. Domestic clinker production totalled 54.615Mt in the first nine months of the year,... |
Vietnam cement sales exceed 40Mt18 November 2014, Published under Cement NewsVietnam cement companies sold 41.54Mt of cement in the domestic market in the first 10 months of this year, including 4.27Mt in October, the country’s Ministry of Construction (MoC) said. The 10-month figure accounted for 85.6 per cent of the year’s target, the ministry said on its website, giving no YoY comparative figures. Clinker and cement exports were estimated at 11.68Mt over the Jan-Oct 2014 period, including 2.81Mt of cement. The country’s cement sales are predicted to rise... |
Spain’s monthly demand advances 5% YoY18 November 2014, Published under Cement NewsCement consumption in Spain increased by five per cent to 1,037,219t in October when compared with the same period last year, latest data from domestic association Oficemen shows. Despite the industry’s recovery still being far off, October’s advance is the second consecutive monthly rise following September’s 6.1 per cent YoY increase. In the first 10 months of 2014, cement demand slipped 0.5 per cent YoY to 9,116,872t. Figures for the rolling year show a 2.2 per cent fall. |
Titan suffers in Egypt, but improves elsewhere14 November 2014, Published under Cement NewsTitan’s turnover improved by 3.3 per cent to EUR879.7m in the first nine months of 2013, but EBITDA edged ahead by just 0.1 per cent to EUR146.7m. In the third quarter the EBITDA did decline by one per cent. The trading profit for the nine months was 0.7 per cent lower at EUR57.9m and, after a 6.9 per cent reduction in net financial charges and a positive contribution from associates of EUR3.6m, there was a pre-tax profit of EUR47.4m profit compared with a EUR1.1m loss. There was a net at... |
CRH's nine-month results show growth11 November 2014, Published under Cement NewsIn its autumn trading statement, CRH said that turnover improved by three per cent in Europe and by five per cent in the Americas, or four per cent overall. EBITDA should be ahead by around 10 per cent on both sides of the Atlantic, having seen a 27 per cent rise during the first half (+61 per cent in Europe and broadly unchanged in the Americas). Depreciation and amortisation charges are expected to be around five per cent lower than in 2013 and the net interest charge is forecast to be... |
Cementir boosts pretax profit11 November 2014, Published under Cement NewsCementir's turnover for the first nine months of 2014 declined by 3.7 per cent to EUR714.7m as the Turkish and Egyptian currencies declined against the euro and Italian volumes fell further. EBITDA, however, did increase by 10 per cent to EUR127.7m and the trading profit advanced by 31.7 per cent to EUR66.8m. After a net financial charge that was reduced by 72.4 per cent to EUR3.1m, the pre-tax profit jumped by 60.7 per cent to EUR63.7m compared with EUR39.7m a year ago. Net debt a... |
Lafarge to acquire complete control of Unicem11 November 2014, Published under Cement NewsLafarge Nigerian Cement Holdings said on Monday it had entered into an agreement with Flour Mills of Nigeria to purchase a 30 per cent stake in United Cement Company of Nigeria Ltd (Unicem). The deal will give Lafarge's Nigerian Cement Holdings complete control of the country's third-largest cement manufacturer, Reuters reported. "Pursuant to the agreement, a first 15 per cent tranche would be acquired in the first quarter of 2015, while the second 15 per cent tranche is scheduled to be ac... |
Indonesian monthly consumption up 3.2%10 November 2014, Published under Cement NewsIndonesian cement consumption increased by 3.2 per cent in October 2014 and year-to-date sales were ahead by 3.4 per cent. However, industry sources caution that sales may start to slow on account of the rainy season. During October 2014, Indonesian demand increased to 5.759Mt versus 5.579Mt in the same period of last year. Cement consumption over the first 10 months of the year reached 48.752Mt compared to 47.158Mt in 10M13. Exports of 255,821t over the 10-month period declined by 52.5... |
Buzzi Unicem's US profits grow10 November 2014, Published under Cement NewsBuzzi Unicem's turnover for the first nine months edged ahead by 0.2 per cent to EUR1898.7m while EBITDA improved by 10.8 per cent to EUR302.5m. The trading profit was ahead by 15.1 per cent to EUR136.1m and net financial charges declined by 38 per cent to EUR50.7m. The contribution from associates increased by 22.6 per cent to EUR36.1m, and the pre-tax profit advanced by 77.3 per cent to EUR121.8m. The tax charge still rose by 63.1 per cent while the minorities charge declined by 36.4 pe... |