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India: Haver Ibau India has been renamed as Haver & Boecker India since April 2019. The subsidiary of Germany’s Haver & Boecker and its subsidiary Ibau started in 2008. The change in name reflects a broader industry base for the Indian subsidiary to continue to include the cement industry as well as customers from building materials, chemicals and food.
Italy: Martin Engineering has launched its successful ‘Mr Blade’ conveyor belt optimisation program in Italy's construction materials sector. The service is a direct-to-site service to maintain and replace belt-cleaner blades that has previously been implemented in the US and the UK. Martin Engineering offers a range of conveyor belt solutions in Italy for industries like energy and steel. The ‘Mr Blade’ program extends this offering to smaller sites – such as quarries, concrete and asphalt plants. Martin Engineering expects to launch its ‘Mr Blade’ service in other European countries later in 2019.
Brazil: Votorantim Cimentos’ revenue rose by 5.5% year-on-year to US$615m in the first quarter of 2019 from US$683m in the same period in 2018. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) more than doubled to US$143m from US$52.2m. Its sales volumes of cement fell by 5% to 6.4Mt from 6.7Mt. It attributed the increase in revenue to its results in Brazil and Latin America, as well as positive currency effects.
Shree Cement profits weakened by fuel costs 20 May 2019
India: Shree Cement’s revenue rose by 24% year-on-year to US$1.80bn in the year to 31 March 2019 from US$1.46bn a year earlier. Its profit fell by 27% to US$146m from US$199m. Its power and fuel costs increased by 56% to US$444m from US$284m.
JK Cement’s annual income rises by 4% to US$767m 20 May 2019
India: JK Cement’s income rose by 4% year-on-year to US$767m in the year to 31 March 2019 from US$740m in the same period in 2018. Its profit fell by 8% to US$37.9m from US$41m, mainly due to tax expenses.