Cement News tagged: Corporate
Kyzylkumcement announces large-scale modernisation plans
Kyzylkumcement, the leading cement producing plant of Uzbekistan and the flagship of UCG Holding , has presented detailed plans on its large-scale modernisation project and discussed the results of its zero test with KHD Humboldt Wedag, during the 2023 PetroCem International Conference. Kyzylkumcement JSC's General Director, Sergey Melnikov, reported that a meeting with the managemen...
Eagle Materials completes Martin Marietta cement acquisition
Eagle Materials has completed its acquisition of Martin Marietta ’s cement import and distribution business in northern California, which includes its cement terminal in Stockton. According to Eagle, the acquisition is consistent with the company’s strategic intentions to extend and strengthen its distribution reach across its heartland US cement manufacturing system. Commenting on the ...
Vulcan Materials' 1Q23 volumes hampered by poor weather
Vulcan Materials has reported revenue of US$1649m in the opening quarter of 2023, up from US$1541m in the same quarter a year earlier. Adjusted EBITDA over the same period has advanced from US$294m to US$338m, while gross profit has improved from US$269m to US$302m. Although shipments of aggregates over the 1Q23 fell to 51.7Mt, compared to 53Mt in the 1Q22, the freight-adjusted sales pri...
ENVEA acquires California Analytical Instruments Inc
ENVEA, comprised of ENVEA Global SAS and its subsidiary businesses, a designer, manufacturer and distributor of cutting-edge ambient air, emission and process monitoring systems for industry, laboratory, and government institutions, has announced the acquisition of California Analytical Instruments Inc (CAI). The financial terms of the transaction were not disclosed. CAI, headquartered in C...
Cementos Molins reports 25% YoY revenue growth in 1Q23
Cementos Molins has reported revenue of EUR342m in the first quarter of 2023, up 25 per cent YoY. According to the company, sales have improved across all businesses and regions, driven by both volume and selling prices. On a like-for-like basis, revenue improved by 38 per cent. EBITDA over the same period advanced by 47 per cent YoY to EUR86m, with a strong contribution from Spain and Mexic...
Lucky Cement to buy back its shares at market prices
The Board of Directors of Lucky Cement Ltd , in its meeting held on 28 April 2023, has approved and decided to recommend to the members of the company for their approval by passing of special resolutions, the purchase/buyback of up to 23,800,000 issued ordinary shares of the company (constituting approximately 7.5 per cent of the current issued and paid up share capital of the company), of th...
Sika completes MBCC acquisition
Sika has completed its acquisition of MBCC Group. Based in Germany and formerly owned by an affiliate of Lone Star Funds, MBCC Group is active in the field of construction systems and admixture systems. To close the transaction and to comply with regulatory requirements, Sika sold MBCC Group’s chemical admixtures assets in the UK, USA, Canada, Europe, Australia and New Zealand to the intern...
Cemex sales up 9% YoY in 1Q23
Cemex has reported strong results in the opening quarter of 2023 with sales expanding by nine per cent YoY to US$4036m and EBITDA seeing six per cent growth to US$733m, driven by pricing, decelerating input cost inflation, and contributions from the company’s growth investments and urbanisation solutions business. According to the company, the EBITDA margin came in at 18.2 per cent with a si...
Ambuja Cement reports 8% growth in March quarter
Ambuja Cement has reported standalone net revenue of INR42,560m (US$520.1m) in the quarter ended 31 March 2023, up from INR39,270m in the same quarter a year earlier, marking 8.4 per cent YoY growth. This growth comes despite the adverse impact on volumes of halting operations at the company’s Himachal Pradesh plants for 50 days during the three-month period. EBITDA over the same period ...
Lucky Cement sales increased by 19% in 9MFY23
Lucky Cement Ltd has announced its financial results for the third quarter ending 31March 2023 and the 9MFY23. It reported a profit after tax of PKR11.13bn (US$39.2m) compared to PKR11.3bn earned in the nine months of the corresponding period last year. This reflects a negative growth of two per cent YoY. According to the company’s notification to the Pakistan Stock Exchange (PSX), its sale...
Dangote Cement volumes fall 14% in 1Q23
Dangote Cement has reported a 1.6 per cent YoY decline in group revenue to NGN406.7bn (US$883.2m) in the first quarter of 2023. Group EBITDA over the same period fell 12 per cent to NGN185.7bn, while pan-Africa EBITDA came in at a record NGN31.2bn, up 71 per cent YoY. Group profit after tax advanced by 3.4 per cent YoY to NGN109.5bn, with earnings per share improving by 4.2 per cent to NGN6....
UltraTech Cement report consolidated net sales of INR184,360m
UltraTech Cement Ltd has announced its financial results for the quarter and year ended 31 March 2023 with consolidated net sales totalling INR184,360m (US$2.26bn), a rise of 19 per cent compared to INR155,570m in the corresponding period of the previous year. Profit before interest, depreciation and tax in the 4QFY22-23 reached INR34,440m, versus INR31,650m in the corresponding period of t...
Lafarge Africa 1Q23 sales up 1.3% YoY
Lafarge Africa has reported a 1.3 per cent YoY uptick in net sales to NGN91,821m (US$199.4m) in the opening quarter of 2023. Recurring EBIT over the same period was up 0.8 per cent to NGN22,239m, while the recurring EBIT margin remained steady at 24 per cent. Profit before tax improved by 4.7 per cent YoY to NGN22,481m, but profit after tax saw a 14.9 per cent decline to NGN14,935m. Free...
Holcim and Air Liquide join forces to decarbonise new Obourg plant
Air Liquide and Holcim have signed a Memorandum of Understanding (MoU) to pursue a project to decarbonise Holcim’s new cement production plant under development in Belgium, using Air Liquide's proprietary Cryocap TM carbon capture innovative technology. Thanks to Air Liquide’s unique carbon capture innovative technology, Holcim will be able to reduce emissions by up to 1.1Mta CO 2 . T...
Shree Digvijay Cement reports 15% revenue growth in 4QFY23
India’s Shree Digvijay Cement Co Ltd (SDCC) has reported a 15 per cent YoY increase in revenue in the 4QFY22-23, ending 31 March 2023. Revenue for the quarter came in at INR1952m (US$23.9m), up from INR1692m in the same period a year earlier. Over the same period, EBITDA advanced from INR305.9m to INR410.6m, while profit after tax expanded from INR128.9m to INR244.2m. The company sold 3.34Mt...
Heidelberg Materials supplies Europe's largest 3D printed building
Using a special 3D concrete printing material from Heidelberg Materials , the largest 3D printed building in Europe is currently being constructed in Heidelberg, Germany. Printing of the building began at the end of March 2023 and is expected to complete at the end of July 2023. Once completed, the commercial building by real estate company KRAUSGRUPPE, which will be around 54m long, 11m wide...