Cement News tagged under: business result
Spain: Cementos Molins 2015 profit up 65% YoY01 March 2016, Published under Cement NewsCementos Molins posted a consolidated net profit of EUR50.8m in 2015, representing a 65 per cent rise YoY. The Spanish cement producer’s overseas companies saw profits rise by 9.3 per cent to EUR64m while the domestic arm continued to note net losses despite a 52.6 per cent YoY improvement. Cementos Molins is currently investing in production units in Mexico, Bolivia and Colombia.It is building a new production line in its Apazapan works in Mexico while in Bolivia the construction of a cem... |
Paraguay: demand up 8%, prices to fall 15%08 January 2016, Published under Cement NewsIn 2015 Paraguayan cement producer Industria Nacional del Cemento (INC) sold 12.4m bags of cement, an increase of eight per cent YoY, according to Jorge Méndez, CEO of INC. Mr Méndez also said that the previously-loss-making company had racked up 28 consecutive months of profits and saw its profit reach around PYG42bn during this time. Since March the company has been able to reduce the cost of cement and a further US$22m in savings are expected as a new fuel system is expected to drop cos... |
LafargeHolcim02 November 2015, Published under Cement NewsLafarge Africa has now completed the acquisition of the outstanding 30 per cent of United Cement Company of Nigeria from Flour Mills of Nigeria to make it a wholly-owned subsidiary. United Cement is currently in the process of building a 2.5Mta production line, which will double its annual capacity to 5Mta. Lafarge Africa’s turnover improved by 5.5 per cent to NGN168,400m (EUR758m) in the first nine months of the year while the pretax profit declined by 11.6 per cent to NGN33,670m (EUR151.6m... |
Spain: Cementos Portland Valderrivas 1H loss increases04 August 2015, Published under Cement NewsCementos Portland Valderrivas has seen 1H losses of EUR39.9m, 28.9 per cent higher than in 1H14, when it recorded a loss of EUR31m. The result is attributed to the lower sales of CO2 emission rights, which reached EUR10.6m, and a change in the way the cost of maintenance stoppages is accounted for (EUR3.2m). Turnover has increased 11.3 per cent to EUR289.2m thanks to increases in sales volumes and prices in Spain, USA and the UK, which account for over 75 per cent of total sales. Howe... |
Cementos Portland reports EUR45.3m net loss in 9M1424 October 2014, Published under Cement NewsSpain's Cementos Portland has reported a EUR45.3m net loss in 9M14, a 92.1 per cent increase when compared with the loss noted in 9M13. Turnover fell by 1.6 per cent YoY to EUR406.6m as non-profitable plants were closed, but cement sales were up by five per cent. EBITDA rose 95 per cent to EUR82.6m, fuelled by efficiency measures implemented in Spain and the US, the deregulation of the cement industry in Tunisia, sustained growth in the US and improved emission rights sales in Spain. |
Ciments du Maroc posts positive 1H14 results06 October 2014, Published under Cement NewsCiments du Maroc saw turnover increase to MAD1.63bn (US$185m) in 1H14, up 16.4 per cent from MAD1.4bn the same period the previous year. However, the company also experienced a 22 per cent rise in costs from MAD976.47m in 1H13 to MAD1.19bn, particularly in terms of raw materials and labour costs. This resulted in an operating profit of MAD444.234m, 7.8 per cent lower than the MAD481.56m noted in the first half of 2013. But a substantial reduction in financial charges helped net profit to ... |
Dangote Cement03 September 2014, Published under Cement NewsDangote’s half-year pretax profit has fallen 0.57 per cent to NGN107.06 (US$659.4m), compared to the same period last year. Turnover edged up from NGN198.46bn to NGN208.91bn over the same period. By the end of this year the company expects to produce 29.2Mt of cement as the newly-installed lines C and D at its Ibesha plant in Ogun State come on-stream. Dangote subsidiary Sephaku Cement also launched clinker production at its 1.5Mta Aganang plant earlier this month. The company currently o... |
A good year for PPC10 March 2014, Published under Cement NewsFor South African cement producer PPC Ltd, 2013 was a year of growth, expansion, green technology and historical milestones. These were all underpinned by the celebration of over 12 decades of innovation as a leading cement producer in southern Africa. By PPC, South Africa. L to R: Leny Ilondo, MD of the Barnet Group, Jean Saidi Bamanisa, chairman of the Barnet Group, Ketso Gordhan, CEO of PPC and Trevor Barnard, PPC’s DRC project manager during the MoU signing in Kinshasa, DRC ... |
Bangladesh: 1HFY13-14 cement exports fall04 February 2014, Published under Cement NewsThe Bangladesh cement industry saw its exports dip 6.64 per cent from July to December 2013. According to the Bangladesh Export Promotion Bureau, the sector exported US$2.53m of cement, down from US$2.71m during the equivalent period in 2012. The retreat of exports has been atrributed to political unrest and poor handling of clinker and other raw materials in Chittagong Port in recent months. Imports of clinker into Bangladesh fell 3.38 per cent in FY12-13 (July 2012-July 2013) to US$487m... |
Italcementi03 October 2013, Published under Cement NewsItalcementi's Thai subsidiary Asia Cement is expecting turnover, in local currency, to increase by 17.6 per cent this year, followed by growth of just four per cent in 2014 as domestic demand weakens. In addition to Asia Cement, Italcementi also controls Jalaprathan Cement in Thailand. |