Cement News tagged: Corporate
Heidelberg Materials 1H revenues slip
Heidelberg Materials has released its half-year financial report for the period January to June 2024. The group’s consolidated revenue for the 1H24 was EUR9993.7m, marking a 4.6 per cent decrease from EUR10,472.6m in the 1H23. Its half-year result from current operations before depreciation and amortisation (RCOBD) edged up 2.3 per cent, from EUR1786.7m to EUR1828.4m. First-half RCO...
Vicat's 1H24 growth driven by US
The Vicat Group has reported consolidated sales of EUR1937m in the first half of 2024, up from EUR1912m in the same period a year earlier. Over the same time frame, EBITDA advanced from EUR314m to EUR353m, while consolidated net income improved from EUR109m to EUR115m. According to the company, the growth has been primarily driven by market dynamics in the USA. Over the 1H24, the company ...
Ambuja Cements posts profit growth in June 2024 quarter
Ambuja Cements Ltd , part of Adani Cement , has reported total income of INR49,361m (US$589.4m) in the quarter ended 30 June 2024, down slightly from the INR49,571m seen in the previous quarter, but up marginally from the INR49,191m posted in the quarter ended 30 June 2023. Profit before tax fell from INR8665m in the June 2023 quarter to INR6810m in the quarter ended 31 March 2024, before...
Sanghi Industries reports improved income YoY
Sanghi Industries Ltd has reported total income of INR2305.5m (US$27.5m) in the quarter ended 30 June 2024. This is up from INR1702m in the same period in the previous year but down from the INR2883.3m seen in the previous quarter. The loss before tax for the June 2024 quarter came in at -INR888.2m, marking an improvement on the -INR1894.3m reported in the same quarter in 2023, but down on t...
Xuan Thanh Cement targets capacity rise by 2030
After more than a decade of construction and development, Xuan Thanh Cement ( Thai Group JSC ) has been affirming its capacity and brand reputation in the domestic and international markets. The goal is to reach a total cement capacity of more than 30Mta by 2030. Xuan Thanh Cement also maintains its vision of ‘Becoming the leading cement brand in Vietnam in terms of scale – capacity – tec...
Canada's Cement association appoints new VP construction innovation
Rob Cooney joins the Canadian Cement Association (CAC) as its new vice president of construction innovation, where he will be leading the association’s efforts on standards, research and innovation in low carbon cement and concrete. Mr Cooney is an industrial engineer with experience in life cycle assessment, embodied carbon and the general construction industry. He has successfully led man...
Cementir post decline in 1H revenue but improves net profit
Cementir ’s consolidated revenue slipped by 3.4 per cent YoY to EUR811.8m in the first half of 2024 from EUR840.7m in the 1H23. Non-GAAP consolidated revenue declined by 7.5 per cent YoY to EUR803.3m from EUR868.2m over the same period. The company saw higher sales volumes across its product range. Volumes of grey, white cement and clinker edged up by 0.3 per cent YoY to 5.127Mt, supported b...
ACC sees results dip YoY in June quarter
India-based ACC Ltd has reported standalone total income of INR52,254m (US$623.9m) in the three months ended 30 June 2024. This compares to INR52,793m in the same period a year earlier. Profit before tax declined from INR6230m in the quarter ended 30 June 2023 to INR4925m in the same period in the following year, while profit after tax over the same time frame fell from INR4639m to INR366...
Heidelberg Materials closes recycling loop in Poland
Heidelberg Materials has commissioned an innovative recycling plant for selective separation at its production site near Katowice, Poland. The first-of-its-kind facility features a proprietary crushing mechanism that enables sophisticated separation and sorting capabilities to fully recycle demolition concrete and substitute virgin materials in concrete production. With a capacity of up to 1...
Dangote Cement posts improved 1H net profit
Dangote Cement reports a revenue of NGN1.76tn (US$1.09bn) for the six months ended 30 June 2024, growing from NGN950.8bn in the same period in 2023, up 85 per cent YoY. Earnings per share reached NGN11.26, representing an eight per cent increase YoY. EBITDA for the period was NGN666.2bn, a 50.3 per cent increase from the NGN443.2bn reported the year previous. Net profits were posted at ...
Digvijay Cement reports financial results from 1H24
Digvijay Cement has reported its revenue from ongoing operations for the period ended 30 June 2024 as INR1.76bn (US$21.1m). This represents an 8.3 per cent decrease from the corresponding period in the year previous where revenue was reported at INR1.9bn. The EBITDA of the company has also decreased in this period, from INR324m to INR237m, a 26.8 per cent decrease. “The performance ...
Shiva Cement reveals plans for new 1Mta plant
Shiva Cement Ltd , part of JSW Cement , has announced plans to construct a 1Mta grinding plant in Odisha, India. The new facility will be set up with Bhushan Power and Steel Ltd (BPSL) on BPSL’s site at Sambalpur. According to Shiva, the plant is expected to be completed by the end of September 2025, subject to the relevant approvals, and represents a total investment of INR3800m (US$45.4...
Carthage Cement reports positive 1H24 results
The Tunisia-based Carthage Cement accelerated its growth rate in the second quarter of this year compared to the first, said the company in a statement. This positive growth dynamic led to a turnover of TND212m (US$68.19m) as of 30 June 2024, up two per cent from the same period in 2023. At the end of 1H24, Carthage Cement’s total revenue from cement operations reached TND196m, compared t...
Medhat Ismail appointed the new CEO of Lafarge in Iraq
Medhat Ismail will start his new position as Lafarge Iraq CEO in August 2024. Medhat brings a wealth of experience to his new role. His proven ability to drive industrial transformation while prioritising sustainability aligns perfectly with Holcim’s global strategy. By pioneering alternative raw materials and building the Geocycle platform, he has positioned Iraq at the forefront of t...
UltraTech acquires additional stake in India Cements
UltraTech Cement is acquiring a 32.72 per cent share in India Cements , marking an investment of INR39,540m (US$472.2m). According to The Hindu, the move enables Aditya Birla -owned UltraTech to expand its presence in the fast-growing southern India market, particularly Tamil Nadu. UltraTech has reportedly entered into a share purchase agreement for a 28.42 per cent stake from promoter...
Unacem US shipments surge in 2Q24
Peru-based Unacem saw its shipments jump by 96.4 per cent YoY to 324,000t in the 2Q24 following its acquisition of the Tehachapi cement plant in California, USA. "This significant growth is partially explained by the addition of Tehachapi to the portfolio (...), which contributed 159,000 tons of cement," added the company in the Management Discussion and Analysis document sent to the Superin...