Displaying items by tag: GCW351

India: UltraTech Cement’s consolidated net sales rose by 34% year-on-year to US$1.39bn in the fourth quarter of its 2017 financial year from US$1.04bn in the same period in the previous year. Its profit before interest, depreciation and taxation increased by 20% to US$283m from US$236m.

The group benefitted from its acquisition of assets from Jaiprakash Associates in mid-2017. Its cement production capacity grew by 28% to 85Mt/yr from 66.3Mt/yr. However, its capacity utilisation rate fell slightly to 80% from 82%. Its local sales rose by 32% to 17.6Mt from 13.4Mt and exports increased by 15% to 0.82Mt from 0.72Mt. The cement producer also warned that a rise in petcoke and coal prices following a government ban had caused its input costs to inflate during the reporting quarter.

India: South Central Railway has signed a long-term tariff contract with Ramco Cements and Zuari Cements to transport freight at fixed rates. Ramco and Zuari have signed agreements for five and three years respectively. The railway company has previously signed similar deals with UltraTech Cement, India Cements, Orient Cements and Kesoram Industries.

Nigeria: Joe Makoju, the Group Chief Executive Officer of Dangote Cement, has revealed that the cement producer exports 0.21Mt of cement to Ghana, Togo and Niger in the first quarter of 2018. The company’s revenue grew by 16% year-on-year to US$668m from US$575m, according to the Vanguard newspaper. Its profit increased by 29% to US$199m from US$154m. Cement sales rose by 2.8% to 6.2Mt from 6.03Mt.

UK: Spain’s Cemengal is supplying a 0.5Mt/yr Plug & Grind Vertical mill to Tarmac’s Dunbar cement plant. Work started in April 2018 and the project is expected to be completed by July 2019. The unit follows the Plug & Grind product line’s modular format and it includes a FLSmidth OK Mill 37.3. The mill will be used to grind clinker at the cement plant although the subsidiary of CRH may also use the mill to grind slag. The order is Cemengal’s first Plug & Grind Vertical in Europe.

Ireland: CRH says it has reduced its proposed executive salary increases following votes by a significant minority of its shareholders against a remuneration report. The board said that it would take into account the views of 39.7% of its shareholders by providing a lower salary increase to its finance director, although it had offered other benefits to the director instead. It added that the remuneration committee of the company intends to hold a consultation later in 2018.

Mexico: Cemex’s first quarter operating earnings have fallen due to poor weather and fewer business days. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 4% year-on-year to US$535m in the first quarter of 2018 from US$557m in the same period in 2016. Its new sales rose by 8% to US$3.38bn from US$3.14bn and its cement sales volumes rose slightly to 16.1Mt from 15.9Mt.

“Our EBITDA generation during the quarter was affected by seasonal effects, including adverse weather in our European and US operations, fewer business days and an inventory costing-variation effect. We expect the impact of the fewer business days and the inventory effect to revert in the upcoming months, while we expect most of the pent-up demand caused by adverse weather to be recovered during the rest of the year,” said chief executive officer Fernando A Gonzalez.

Ireland: CRH’s sales fell by 2% year-on-year for the first quarter of 2018. It failed to provide figures for the decline but blamed it on bad weather and poor timing of holidays. Sales fell by 2% in Europe, 3% in the Americas and by 5% in the Philippines. By region in its Europe Heavyside division CRH reported falling sales in most countries with the exception of Switzerland, the Netherlands, Denmark and Finland.

The group reported that it finalised an agreement to merge Suwannee American Cement, acquired in November 2017, with American Cement Company, a 50:50 joint venture based in Florida. CRH now owns 80% of the enlarged business following this non-cash deal. This deal is intended to strengthen Americas Materials’ position in existing markets in Central and Northern Florida, optimise market coverage and achieve operating and vertical integration synergies. It also said that its deal to buy Ash Grove Cement is progressing through regulatory approval in the US and is expected to close in May 2018.

Nigeria: Germany’s Gebr. Pfeiffer has struck a deal to sell a MVR 6000 R-4 mill for raw material grinding and a MPS 3350 BK mill for processing coal for kiln firing for Dangote Cement’s new plant at Okpella in Edo State. The mill order is the first for Gebr. Pfeiffer from the Nigerian cement producer. The order was placed by the China’s Sinoma International Engineering.

The MVR mill featuring a total drive power of 4000kW will be grinding 550t/hr of cement raw material to a fineness of 10% R 90µm. The MPS 3350 BK with a drive power of 1100kW is designed for a throughput rate of 50 - 70t/hr and will grind Nigerian coal, imported coal and/or pet coke, to a fineness of 12% R 90µm. Gebr. Pfeiffer’s own staff will supervise erection and commissioning.

Morocco: China’s CBMI has signed a contract with LafargeHolcim to build a cement grinding plant near Agadir. The deal for the SSS 13 & 14 Grinding Plant EPC Contract was signed on 21 March 2018 at the LafargeHolcim Technology Centre in Lyon, France. Once operational the plant will be run by LafargeHolcim Maroc.

Denmark: FLSmidth plans to change its internal business structure to focus on two industries: cement and mining. The reorganisation will see it change its focus from four divisions to two industries and from a country setup into a regional structure. Sales and service will be decentralised in seven regions, while ownership for the full life cycle offering will be anchored in the two industries. This is intended to create a productivity-driven organisation with a strong, unified digital approach and strengthen the engineering firm’s local presence.

"With the end markets recovering, our customers accelerate to invest in productivity enhancing and digital solutions. To support our customers' growth, the two industries, Cement and Mining, will deliver integrated productivity offerings through the regions. Our decentralised organisation will give us a strong point of entry to offer our customers key products, shorter delivery times and a strong service setup," said group chief executive officer Thomas Schulz.

Its two industry grouping, Cement and Mining, will develop and drive the life-cycle offering and the product portfolio. The two industries will be supported by seven regions: North America; South America; Europe, Russia & North Africa; Sub-Saharan Africa & Middle East; Asia; Subcontinental India; and Australia. The regions will drive customer relations, sales and service for both industries. A central digital organisation will drive an enhanced, unified approach to digitalisation. The realigned organisation will become effective from 1 July 2018.