Cement News tagged under: Weekly Newsletter
Taiwan Cement Corp subsidiary in Chinese acquisition03 November 2014, Published under Cement NewsTaiwan Cement Corp announce that it plans to spend CNY676m (US$1117m) to acquire Sichuan Railway Group Cement via a subsidiary as part of its plans to increase its presence in China. The acquisition is being made through the company's subsidiary TCC International. Upon completion of the deal, Taiwan Cement's total clinker and cement capacity would be increased by 1.6Mta and 2Mta, respectively . Currently, TCC International, which is listed in Hong Kong, operates two plants in Sichuan: ... |
Semen Indonesia 9M14 profit up 4.9%31 October 2014, Published under Cement NewsSemen Indonesia, the country's leading cement producer, recorded a net profit of IDR4.09trn (US$336.3m) in the first nine months of this year, a 4.9 per cent increase from the IDR3.9trn recorded a year earlier. The state-owned producer’s revenues surged by 10.9 per cent during the January to September period to IDR19.3trn from IDR17.4trn in the same period of last year. However, a foreign exchange loss of IDR56.3bn as of the third quarter of this year, more than a double from IDR22.6bn in ... |
Holcim and Cemex sign binding agreements on European transactions30 October 2014, Published under Cement NewsHolcim and Cemex have signed binding agreements regarding the series of transactions in Europe originally announced last year. The main scope of the transactions in Germany and the Czech Republic remain unchanged, but the structure in Spain has been adapted with a joint organisation in the country no longer part of the deal. In accordance with the proposals, first made public on 28 August 2013, Cemex will acquire all of Holcim’s assets in the Czech Republic. In Germany, Holcim will continue... |
SCG chief anticipates 5% rise in 2015 demand30 October 2014, Published under Cement NewsCement demand in Thailand is expected to increase by at least five per cent next year stimulated by an acceleration of government infrastructure development, according to the chief of the country’s leading cement producer. Kan Trakulhoon, CEO of Siam Cement Group (SCG), believes that the Thai economy has bottomed out since August and is recovering gradually. He said the company expects cement demand to recover significantly from the second half of next year, thank chiefly to government pro... |
Cementos Argos 3Q14 net profit jumps 69%29 October 2014, Published under Cement NewsCementos Argos, Colombia’s leading cement producer, posted a 69 per cent jump in net earnings for the first nine months of the year to COP217.5bn (US$111m), boosted by higher US sales. The company reported EBITDA of COP805bn (US$415m) between January and September, an eight per cent increase over the same period in 2013. Revenue was up 16 per cent to COP4.25trn. "The performance in the United States maintains a healthy growth dynamic," the statement said. "Volumes of cement and concrete sh... |
Martin Marietta boosted by TXI acquisition29 October 2014, Published under Cement NewsMartin Marietta Materials, with a three-month contribution from Texas Industries (TX)I, increased turnover by 30.5 per cent to US$2101.6m in the first nine months of the calendar year, while EBITDA almost doubled by rising by 99.2 per cent to US$565.4m. The trading profit rose by 26.5 per cent to US$196.3m and the net interest charge was 10.8 per cent higher at US$45m. Pre-tax profit advanced by 31.1 per cent to US$150m, but the tax charge just over doubled. This left the net profit 6.7... |
Holcim and Lafarge formally notify EC28 October 2014, Published under Cement NewsLafarge and Holcim have formally notified the European Commission (EC) of their proposed merger to obtain regulatory approval and have made slight changes to the list of assets being disposed in Europe. During the pre-notification discussions which Lafarge and Holcim have had with the European Commission, the list of proposed assets for divestment in Europe has been slightly amended. Compared with the list of assets presented on July 7, 2014, the two companies now propose to: • retain Lafa... |
Cemex: Colombia and Panama boost 3Q14 results23 October 2014, Published under Cement NewsCemex Latam Holdings SA (CLH) reported consolidated net sales of US$1.324bn during 9M14, reflecting a three per cent YoY rise. Net sales experienced a three per rise drop in 3Q14 when compared to 3Q13 as revenues from housing solutions projects were lower. After adjusting for this effect, consolidated net sales rose by five per cent during 9M14 and by six per cent in 3Q14, on a YoY basis. Carlos Jacks, CEO of CLH, said: “During the third quarter we continued to enjoy a favourable demand en... |
China: three cement firms fined for price fixing23 October 2014, Published under Cement NewsJilin Yatai Group Cement Sales Co Ltd (Yatai), North Cement Co Ltd and (North) and Jidong Cement Jilin LLC (Jidong) were handed out fines for price fixing after China's National Development and Reform Commission (NDRC) instructed the Jilin Province Price Bureau to impose financial penalties totalling CNY114m (US$19m) following alleged breaches of the Anti-Monopoly Law (AML) by the companies involved. The NDRC found that in April 2011, the three cement producers met and agreed to coordinate ... |
Indonesia: Semen Baturaja to build three new plants in phases22 October 2014, Published under Cement NewsIndonesia's state-owned PT Semen Baturaja will build three new plants as a multistage project. At present, the works still require licences and approval from local communities around the project sites. "In general, the project is ready for implementation, but the process is not yet wrapped up for all the licences needed. Only one of the factories is expected to be implemented by the end of this year or early next year," chief spokesman of the South Sumatra-based company Sahadi said. The... |