13 July 2015
Czech Republic: According to CTK Business News, Ceskomoravsky Cement's profit rose by 25% to Euro27.2m in 2014, while its revenues grew by almost Euro3.69m to Euro102m.
Total cement consumption in the Czech Republic grew by nearly 4% to 3.34Mt in 2014, mainly thanks to the revival of the construction sector and favourable weather conditions.
"The value of public contracts increased by 6.7% in 2014, so we can view 2015 with slight optimism," said Ceskomoravsky Cement's board chairman Jan Hrozek.
Ceskomoravsky Cement, part of Germany's HeidelbergCement, supplied its products mainly for the modernisation of the D1 motorway in 2014. Its important projects also included repairs of concrete surfaces at Vaclav Havel Airport Prague.
FLSmidth to supply cement plant to DG Khan Cement 13 July 2015
Pakistan: FLSmidth has signed a Euro57m contract with DG Khan Cement to supply engineering and equipment for a 8500t/day greenfield cement plant in Pakistan.
"Pakistan is a very important market for FLSmidth and we are extremely pleased that DG Khan has again chosen FLSmidth as its supplier. This underlines its valuable long-term ties with DG Khan Cement, as well as our strong foothold in Pakistan, where we expect to see more activity following new government development programmes," said president of the cement division, Per Mejnert Kristensen.
The first contract between DG Khan and FLSmidth dates back to 1992. Since then the partnership has resulted in three additional orders to FLSmidth in 1998, 2005 and 2007. The new order will be booked by the cement division and will contribute beneficially to FLSmidth's earnings until 2017.
Cemex to save Euro7.38m thanks to Holcim acquisition 13 July 2015
Czech Republic: According to CIA Daily News, Cemex's acquisition of Holcim in the Czech Republic is expected to save Cemex Euro7.38m. Cemex plans to invest Euro3.69m into the integration of management systems. One of the largest investments currently planned is the modernisation of the Prachovice cement plant.
China: According to Reuters, Jiangxi Wannianqing Cement expects its net profit for the first half of 2015 to fall by 50 – 70% year-on-year to US$12.2 - 20.3m. It has blamed the fall on weak selling prices.