Cement News tagged under: business results
Bosnia’s TCK sees 1H net profit edge up28 July 2017, Published under Cement NewsBosnian cement producer Tvornica Cementa Kakanj (TCK) reported a modest rise in 1H net profit to BAM7.2m (US$4.3m) from BAM7.1m a year earlier. The company’s operating revenue rose 8.8 per cent YoYto BAM32.2m in the January-June period, while operating costs expanded to BAM25m from BAM22.4m in 1H16. TCK is majority-owned by Dutch-based CEEM Investment, which is part of Germany's HeidelbergCement. |
Holcim Philippines to invest US$54m in the next 2 years28 July 2017, Published under Cement NewsHolcim Philippines Inc plans to invest US$54m over the next two years to increase its capacity to 12Mta to support the government’s flagship infrastructure projects. The company will invest US$54m in the next two years to add 2Mt to its current cement capacity by the first half of 2019, particularly in La Union and Davao," Holcim Philippines President and Chief Executive Officer, Sapna Sood, said in a statement. "Our investments assure that Holcim Philippines will continue to provide a re... |
Portland Valderrivas generates EUR21m economic impact in 201626 July 2017, Published under Cement NewsCementos Portland Valderrivas generated an economic impact of over EUR21m in Alcalá de Guadaíra, Spain, in 2016, as a result of the activities by its cement plant in this location, said the company in a statement. The figure is attributed to the contracting of services, the payment of taxes and salaries of some 200 workers directly employed by the company as well as other indirect jobs. “These figures confirm the company's commitment to the inhabitants of Alcalá de Guadaíra and its en... |
China National Building Materials (CNBM)24 July 2017, Published under Cement NewsCNBM has said that it expects its net profit for the 1H17 to increase substantially, compared to the same period last year. According to press reports, building activity in the country remains strong with new construction starts, by floor area, increasing by 10.6 per cent in the 1H17. The National Bureau of Statistics has reported that China’s cement production in January to June this year rose by 0.4 per cent YoY to 1113.1Mt, despite June production dipping by 0.9 per cent to 220.81Mt... |
UltraTech Cement24 July 2017, Published under Cement NewsAs part of its ongoing expansion plans, and hot on the heels of its acquisition last month of Jaiprakash Associates Ltd and Jaypee Cement Corporation Ltd, UltraTech cement has announced it is to build a new integrated cement plant in Dhar, Madhya Pradesh, India. The greenfield plant will have a cement production capacity of 3.5Mta and is expected to begin production in the 4QFY19. Costing INR26bn (US$403m), the new facility will enhance UltraTech’s presence in central India and increase ... |
Semen Indonesia24 July 2017, Published under Cement NewsSemen Indonesia saw its total cement sales volume fall by 18.3 per cent in June this year to 1.82Mt, compared to 2.23Mt in the same month in 2016. Domestic sales volumes slipped by 29 per cent to 1.54Mt, while export volumes jumped by 403.8 per cent to 279,902t. Of the total volume, Semen Gresik took the lion’s share with 873,755t sold in June this year, but that was 28.2 per cent down on the 1.22Mt dispatched in the same period a year earlier. There were no exports by Semen Gresik. Semen... |
Pacasmayo profit decreases 34% YoY in 2Q1724 July 2017, Published under Cement NewsCementos Pacasmayo, Peru’s third-largest cement producer, posted a 34 per cent YoY drop in profits in 2Q17 as sales fell and El Niño damage increased costs. Cementos Pacasmayo reported a profit of PEN21.4m (US$6.6m) between April and June 2017, compared with a profit of PEN32.5m in 2Q16. This drop in profit was mainly due to "lower sales, higher expenses related to cessions, increases in distribution costs for the destruction of roads, as well as the cost of some damage to our plants by ... |
Yamama Cement sees 90% profit fall24 July 2017, Published under Cement NewsSaudi Arabia's Yamama Cement Co saw net profits fall 89.5 per cent YoY in 2Q17. Earnings contracted to SAR12.17m in the second quarter from SAR116.3m in 2Q16. The decrease in net profits was attributed to lower sales following a decrease in local demand. Total sales decreased by 30.6 per cent to SAR194.7m in 2Q17 from SAR280.4m in 2Q16. |
Hail Cement sees 90% profit slide in 2Q1724 July 2017, Published under Cement NewsSaudi Arabia's Hail Cement Co announced that its net profits decreased by 90.1 per cent YoY to SAR2.66m (US$709,203) in 2Q17 from SAR26.8m in 2Q16. Sales fell 51.2 per cent to SAR32.16m in the second quarter, from SAR75m in 2Q16 as demand in the kingdom fell, competition increased and prices declined. In the first six months, profits fell 81.5 per cent to SAR10.9m from SAR59.13m in 1H16 while sales soften 53.5 per cent to SAR76.6m in 1H17, compared with SAR164.55m. |
Breedon 1H17 results boosted by Hope contribution20 July 2017, Published under Cement NewsBreedon Group plc, the UK’s largest independent construction materials group, announces its unaudited interim results for the six months ended 30 June 2017, reporting a strong profit improvement from former Breedon Aggregates business and robust contribution from former Hope Construction Materials. The former Breedon Aggregates business posted a strong profit improvement, even after taking into account the shutdowns of both Hope kilns for planned annual maintenance and upgrade during the ... |