Semen Indonesia posts 12.8% revenue growth in 1H14
Indonesia’s biggest cement producer sold 12.8 million t of cement in the first half, bringing revenue to Rp.12.88 trillion (US$1.13 billion).
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Indonesia’s biggest cement producer sold 12.8 million t of cement in the first half, bringing revenue to Rp.12.88 trillion (US$1.13 billion).
In January – June 2014, cement sales volumes declined by 9.8% y/y in the Canary Islands but improved by 15% y/y in Lanzarote. Meanwhile, domestic consumption fell in Spain’s regional markets but exports were up.
Total shipments of Portland and blended cement in the US and Puerto Rico in May 2014 were 8.1 million t, up by about 6% from the level recorded in May 2013.
Increased sales volumes and cost efficiencies boost profits for the Indian cement company, which reported a 157.7% rise in net profit for the June quarter.
Over 900 young people will begin their apprenticeships with ThyssenKrupp on 1 August or 1 September 2014.
Some of the week’s key news items from the international cement industry, from the latest financial results to an intriguing concrete block design.
The Minerals Products Association has published its ‘Government & Industry Action Plan’, which sets out key actions for both the government and the mineral products and quarrying industry.
Construction projects requiring water have been banned in Aurungabad while the city concentrates on preserving water for drinking.
Peru’s Cementos Pacasmayo has released its results for 1H14, with cement sales volumes up 3.4% y/y and net income up 18% y/y.
Lafarge’s cement sales volumes improved in both 2Q14 and 1H14, rising to 31.1 million t and 57 million t, respectively.
According to data released by Barbour ABI, the value of construction work linked to the Glasgow 2014 Commonwealth Games totalled around £769 million.
ACC has reported a 4% increase in sales volumes thanks to increasing demand, but also alludes to the challenges of increasing manufacturing and distribution costs.