Cement News tagged under: business results
Holcim07 May 2015, Published under Cement NewsThe Indian competition authorities have approved the Holcim Lafarge merger, subject to the disposal of one integrated works and one grinding centre in the east of the country, representing a capacity of around 5Mta. That would leave a capacity in India of around 68Mta. The Indian Holcim subsidiary ACC Limited delivered 10.2 per cent less cement in the first quarter of 2015 at 5.82Mt and the turnover came off by 2.8 per cent to EUR421.5m. EBITDA rose by 43.4 per cent to EUR89.3m, but the p... |
Cementos Argos29 April 2015, Published under Cement NewsWith the US government announcing a US$478bn spend on infrastructure projects over the next six years, Cementos Argos will be looking to further consolidate its position in the country. 2014 saw the company increase its cement production capacity in the US by 107 per cent YoY to become the second-largest cement producer in the southeastern US. It is reportedly already involved in more than 70 per cent of the infrastructure projects being carried out in the country as well as 60 per cent o... |
Semen Indonesia29 April 2015, Published under Cement NewsDespite Semen Gresik and Semen Padang both posting a fall in sales volumes in 1Q15, PT Semen Indonesia is pushing ahead with its expansion plans. Semen Gresik saw sales drop by 0.6 per cent to 3.27Mt, compared to 3.29Mt in 1Q14, while Semen Padang registered a 1.8 per cent contraction to 1.58Mt. Semen Tonasa, meanwhile, increased sales by 2.3 per cent coming in at 1.3Mt in 1Q15, compared to 1.27Mt in the same period last year. According to the Indonesia Cement Association, domestic consumpti... |
PT Indocement29 April 2015, Published under Cement NewsBuoyed by a seven per cent increase in revenue in 2014 to IDR19,996bn (US$1.54bn), Indocement is pressing ahead with its capex plans this year. Gross profit also grew, up by five per cent to IDR9086bn, while EBITDA fell slightly by 0.3 per cent to IDR6853bn. By the end of 2015, the company’s new 4.4Mta plant in Citeureup is due to be operational, while it has also received AMDAL certification for its plant in Pati, Central Java. The Pati plant will have a production capacity of 2.5-4Mta a... |
Dangote Cement29 April 2015, Published under Cement NewsDangote Cement’s new plant in Ethiopia will open in May this year, helping to close the gap between demand and supply in the country. The plant, which is located in Oromia, is one of the largest in east Africa with a production capacity of 2.5Mta. Costing US$400m, the project has been overseen by Sinoma International Engineering. Ethiopia’s current cement production of 5.4Mta falls well below existing demand of 7-8Mta. Dangote is increasingly turning its attention away from Nigeria follow... |
Ciments du Maroc 9.3% fall in profit13 April 2015, Published under Cement NewsCiments du Maroc closed 2014 with a 5.1 per cent fall in its turnover from MAD3.6bn (US$35m) to MAD3.4bn. The cement producer’s operating results experienced a 9.3 per cent drop to just over MAD1bn. The company attributes the decline to a slow building and public works sector. In addition, the eight per cent fall in housing starts contributed significantly to the limited growth of 0.8 per cent of the construction market. Looking ahead, Mario Bracci, Ciments du Maroc’s CEO said: “In 201... |
Lafarge02 April 2015, Published under Cement NewsLafarge Zimbabwe saw volumes decline by 7.4 per cent in 2014 to 0.31Mt as a result of reduced commercial and residential building activity. |
HeidelbergCement02 April 2015, Published under Cement NewsHeidelbergCement's turnover increased by four per cent last year to EUR12,614m, or by 8.4 per cent on a comparative basis, and EBITDA improved by a 2.9 per cent to EUR2288m. Trading profit advanced by five per cent to EUR1595m, or by 12.9 per cent adjusting for currency movements and changes in the scope of consolidation. After a 17.1 per cent increase in net interest payments to EUR629m, the pretax profit declined by 8.9 per cent to EUR931m and the net attributable profit fell by 34 per cen... |
Italcementi02 April 2015, Published under Cement NewsItalcementi's 2014 turnover declined by a further 1.8 per cent to EUR4155.6m, but the underlying EBITDA did improve by 2.9 per cent to EUR649.1m. The depreciation charge declined by 3.1 per cent to EUR408.3m and impairment charges dropped by a further 70.9 per cent to EUR9.2m. The trading profit advanced by a further 42.3 per cent to EUR226.7m. Net financial charges rose by 14.3 per cent to EUR136.5m while the contribution from associates rose by 57.1 per cent to EUR11.7m to give a pretax pr... |
Votorantim02 April 2015, Published under Cement NewsVotorantim Industrial generated a turnover 6.9 per cent higher atBRL28,059m (EUR8,660m) while EBITDA rose by 31.9 per cent to BRL7105m (EUR2193m). Votorantim Cimentos contributed 46.5 per cent of the turnover and 50 per cent of EBITDA in 2014, with metals being the second-largest contributor accounting for 32.9 per cent of turnover and 30.7 per cent of EBITDA, while steel and the mining operations in Peru accounting for the remainder. Group capital expenditure was 3.7 per cent higher at BRL2... |