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29 April 2019

Venti Oelde expands sales network in Bulgaria and Central America

Bulgaria/Panama: Germany’s Venti Oelde has increased its sales presence in Europe and Central America. Its has appointed a new sales representative in Bulgaria, as well as one in Panama to cover countries including Mexico, Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. The company manufactures industrial products including fans and filters.

Published in Global Cement News
Tagged under
  • Bulgaria
  • Germany
  • Panama
  • Venti Oelde
  • Mexico
  • Belize
  • Costa Rica
  • El Salvador
  • Guatemala
  • Honduras
  • Nicaragua
  • fans
  • filters
  • GCW402
26 April 2019

Cemex under pressure in first quarter from falling cement volumes in US and Mexico

Mexico: Cemex’s cement sales volumes fell by 6% year-on-year to 14.9Mt in the first quarter of 2019 from 15.9Mt in the same period in 2018. It has blamed this on falling volumes in its key markets in Mexico and the US. Its net sales dropped by 3% to US$3.24bn from US$3.34bn. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased by 6% to US$562m from US$598m. Its concrete sales volumes fell slightly to 12.1Mm3 from 12.2Mm3.

“We are pleased with the 1% top-line growth we achieved during the first quarter, despite volume declines in our two most important markets: Mexico and the US. During the quarter, we enjoyed improved pricing performance in all our regions with favourable volume dynamics in Europe. In the US, ready-mix and aggregates volumes also grew despite adverse weather in part of our footprint,” said Fernando A Gonzalez, chief executive officer (CEO) of Cemex.

By region, the group also reported falling sales in its South, Central America and the Caribbean and Asia, Middle East and Africa regions. However, sales volumes of both cement and concrete increased by over 10% in Europe. Here, net sales rose by 3% to US$805m from US$781m. This was attributed to ‘strong’ domestic demand in most countries and a mild winter.

Published in Global Cement News
Tagged under
  • Mexico
  • Cemex
  • US
  • Results
  • GCW402
26 April 2019

Huaxin Cement’s sale rise by 335 to Euro$887m in first quarter

China: Huaxin Cement’s sales revenue rose by 33% year-on-year to US$887m in the first quarter of 2019 from US$669m in the same period in 2018. Its net profit nearly doubled to US$150m from US$78.7m.

Published in Global Cement News
Tagged under
  • China
  • Huaxin Cement
  • Results
  • GCW402
26 April 2019

Bestway Cement’s turnover stable

Pakistan: Bestway Cement’s turnover grew slightly to US$421m in the nine months to 31 March 2019 from US$414m in the same period in 2018. Its profit rose by 9.5% to US$67.4m from US$61.5m.

Published in Global Cement News
Tagged under
  • Pakistan
  • Bestway Cement
  • Results
  • GCW402
26 April 2019

DG Khan’s profits down so far in 2019

Pakistan: DG Khan’s sales rose by 30% to US$215m in the nine months to 31 March 2019 from US$165m in the same period in 2018. However, its profit dropped by nearly half to US$18.5m from US$35.1m. Its cost of sales increased by 56% in the reporting period.

Published in Global Cement News
Tagged under
  • Pakistan
  • DG Khan
  • Results
  • GCW402
26 April 2019

Maple Leaf Cement’s sales fall by 5% in nine months

Pakistan: Maple Leaf Cement’s net sales fell by 5% year-on-year to US$129m in the first quarter of 2019 from US$136m in the same period in 2018. Its profit after tax dropped to US$13.4m from US$23.8m.

Published in Global Cement News
Tagged under
  • Pakistan
  • Maple Leaf
  • Results
  • GCW402
26 April 2019

Cherat Cement’s turnover grows slowly in nine months

Pakistan: Cherat Cement’s turnover grew slightly to US$78.8m in the nine months to 31 March 2019. Its net profit rose by 25% to US$15.9m from US$12.7m. Third quarter turnover and net profit grew faster in the third quarter.

Published in Global Cement News
Tagged under
  • Pakistan
  • Cherat
  • Results
  • GCW402
26 April 2019

Central Pollution Control Board warns Ramco Cement’s Ariyalur plant

India: The Central Pollution Control Board (CPCB) has issued a show cause notice to Ramco Cement’s Ariyalur plant in Tamil Nadu for breaching air pollution limits. CPCB inspectors found that the particulate matter (PM) and NOx emissions were higher than allowed during an inspection in March 2019, according to the New Indian Express newspaper. The CPCB has recommended that the unit supplies continuous data transmissions and calibrates of all of its monitors to CPCB Online Continuous Emission Monitoring Systems guidelines.

Published in Global Cement News
Tagged under
  • India
  • Central Pollution Control Board
  • Ramco Cement
  • Plant
  • Emissions
  • Tamil Nadu
  • Particulate matter
  • NOx
  • GCW402
25 April 2019

UltraTech Cement holds profits as energy costs mount

India: UltraTech Cement’s net sales rose by 20% year-on-year to US$5.24bn in its 2019 financial year from US$4.35bn in the 2018 reporting period. Its profit after tax grew by 10% to US$347m from US$317m. Its power and fuel costs increased by 33% to US$1.20bn from US$903m.

The cement producer said that production stabilised at its integrated plant in Manavar, Madhya Pradesh, reaching a clinker production capacity utilisation rate of 100% in the quarter that ended on 31 March 2019. It worked on the plants of its UltraTech Nathdwara Cement subsidiary to reach a production utilisation rate of 72% in March 2019. Both plants were acquired from Binani Cement in late 2018.

The plants it acquired from Jaypee Associates in 2017 are running at a capacity utilisation rate of 82%. A planned shutdown was undertaken at its Bela plant in Madhya Pradesh plant for cost improvements. The company intends to install waste heat recovery (WHR) units at these plants. Work on the 4Mt/yr Bara grinding unit is on track and the first phase of the expansion is expected to be commissioned during the first quarter of its 2020 financial year.

Published in Global Cement News
Tagged under
  • India
  • UltraTech Cement
  • Results
  • Aditya Birla
  • Binani Cement
  • UltraTech Nathdwara Cement
  • Madhya Pradesh
  • Jaypee Group
  • Plant
  • Capacity utilisation
  • Waste Heat Recovery
  • grinding plant
  • GCW402
25 April 2019

Colacem’s Spoleto plant idled as unions await business plan

Italy: Colacem’s Spoleto cement plant has been idled. The kiln has been shut down and quarrying work suspended, according to La Nazione newspaper. The integrated plant was acquired by Colacem from Cemitaly in early April 2019. Union representatives from the plant have asked Colacem what its business plans and staffing levels will be. Currently the plant employs 80 people.

Published in Global Cement News
Tagged under
  • Italy
  • Colacem
  • Plant
  • Union
  • Shutdown
  • GCW402
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