Cement News tagged under: Weekly Newsletter
UltraTech first quarter hit by building slowdown30 July 2013, Published under Cement NewsUltraTech Cement, India's largest cement producer, posted a 13.5 per cent YoY decline in its first quarter (April-June 2013), due to slowdown in home building and infrastructure projects. The Aditya Birla group company reported standalone profit of INR6.73bn (US$112.3m) for the April-June quarter. Net sales also declined 2.2 per cent to INR49.58bn. Going forward, Kumar Mangalam Birla, chairman of the group, said the business outlook remained challenging and the company has downwardly re... |
Dangote sees 53% pretax profit rise, Nigeria29 July 2013, Published under Cement NewsDangote Cement plc announced a NGN107.7bn (US$670m) profit before tax for the first half ended 30 June 2013. According to the firm’s six-month financial result released to the NSE, the profit before tax rose by 52.8 per cent compared to NGN70.8bn recorded in the corresponding period in 2012. Gross profit also increased, by 43.8 per cent from NGN91.9bn to NGN132.1bn, while operating profit moved up from NGN76.4bn to NGN111.1bn, indicating an increase of 45.4 per cent. The company saw... |
Cementir improves first-half margins29 July 2013, Published under Cement NewsCementir's turnover improved by 2.2 per cent to EUR472.4m (US$627.6m) during first half of the year as improvements in the Far East, the Americas, Norway and Turkey more than compensated for lower volumes in Italy and Denmark. The EBITDA improved by 10.8 per cent to EUR62m while the depreciation and impairment charge was 3.5 per cent ahead at EUR44.3m, leaving the trading profit 34.8 per cent ahead at EUR17.7m. The net financial charge was reduced by 71.1 per cent to EUR2.4m, resulting in... |
Lafarge trims market growth outlook, debt reduction goal on track26 July 2013, Published under Cement NewsLafarge reported a marked rise in 2Q net profit although consolidated sales declined. The company has now trimmed its forecast for cement market growth this year but confirmed its goal to reduce debt to below EUR10bn this year. EBITDA fell eight per cent to EUR922m and current operating income declined 11 per cent to EUR667m. Net profit in the second quarter came in at EUR201m compared to EUR39m in the same period last year when earnings were hit by exceptional items. Consolidated sal... |
Cemex expects best volume growth from USA26 July 2013, Published under Cement NewsCemex reported a slight decline in turnover for the first half of 2013, with EBITDA also down marginally but the trading profit improved by double digits. While volumes were down in the first six months, the group sees full year sales edging ahead with the USA expected to show the best advance. Cemex' first half turnover eased by 0.7 per cent to US$7322.1m and EBITDA came off by 1.7 per cent to US$1251.2m, but the trading profit improved 13.8 per cent to US$690.2m. Net interest payment... |
Pakistan export earnings rise in FY12-1325 July 2013, Published under Cement NewsIn the fiscal year ending 30 June 2013, Pakistan exported 9.073Mt of cement on revenues of US$577.73m compared to 8.748Mt at US$498.84m in the corresponding period of last year. These latest figures from Pakistan’s Federal Bureau of Statistics show that export volumes rose by 3.71 per cent while in dollar value terms, they were 15.81 per cent higher compared to the comparative period a year earlier. In terms of the Pakistan rupee, exports rose by 25.23 per cent to PKR55.87bn during FY13. ... |
Semen Indonesia gears up for further expansion24 July 2013, Published under Cement NewsSemen Indonesia is lining up investments that could hit the IDR20trn (US$2bn) mark over the next three years to further increase capacity and boost operations. “We’re thinking ahead, so we can continue to increase our cement production and performance. Our investment into 2016 could reach IDR20trn in total.” Semen Indonesia’s finance director told the Jakarta Globe. Ahyanizzaman said the funding will be prepared and invested in stages. This year, the state-owned enterprise has set aside... |
Argos sees higher volumes in 1H1323 July 2013, Published under Cement NewsCementos Argos has reported a rise in cement volumes for the six months to the end of June 2013 and expects activity in its domestic market of Colombia to accelerate after a slow start in the first three months. In the 1H13, Argos reported consolidated EBITDA of COP476bn (US$253m), representing an increase of 25 per cent compared to the same period in 2012, while revenues rose nine per cent YoY. During the period cement dispatches increased by one per cent to 5.5Mt while concrete volumes ... |
Spain registers further market contraction17 July 2013, Published under Cement NewsThe Spanish cement market registered a 24 per cent YoY drop in the first half of 2013 and the decline is expected to continue through the remainder of the year. In the first six months of 2013 domestic cement sales were 5,472,933t, latest data from local cement association Oficemen shows. On the supply side, Spain produced 6,459,917t of cement, representing a fall of 22.2 per cent. In June 2013 alone, Spanish consumption fell a further 23 per cent YoY to 972,421t in the same month of... |
CSI reports encouraging carbon reduction data16 July 2013, Published under Cement NewsThe World Business Council for Sustainable Development (WBCSD)’s Cement Sustainability Initiative (CSI) has published the latest update to the ‘Getting the Numbers Right’ database, which shows significant CO2 emissions reductions and improved efficiency. As the cement industry’s global database of CO 2 emissions and performance, the latest ‘Getting the Numbers Right’ (GNR) data for 2011 shows that the industry has reduced its specific net CO 2 emissions per tonne of cementitious product ... |