Cement News tagged: Corporate
Cementir reported 1Q22 EBITDA of EUR60.7m
Cementir 's EBITDA amounted to EUR60.7m in the 1Q22, an increase of 26.2 per cent compared to EUR48.1m in the 1Q21, following better results achieved to varying degrees in almost all the regions driven to a large extent by the revenue increase as described above. In the first three months of 2022, cement and clinker sales volumes of 2.4Mt were up 1.8 per cent compared to 2021. The increase i...
Vertua to account for majority of sales by 2025, says Cemex
Cemex has announced the ambitious goal of its Vertua range of low-carbon cement and concrete products accounting for more than half of all cement and concrete sales by 2025. Following their global launch in 2020, Vertua products have been widely accepted by customers worldwide, according to Cemex, with Vertua cement and concrete accounting for 34 and 31 per cent of total sales, respectively, i...
Caribbean Cement posts flat 1Q profit
Caribbean Cement Co Ltd in Jamaica has reported a flat profit for its 1Q22 but views the future with optimism. In the January-March 2022 quarter, Caribbean Cement saw a profit of JMD1.59bn (US$10.3m) on a revenue of JMD6.8bn, compared to a profit of JMD1.53bn on JMD5.97bn a year earlier. "CCC remains encouraged about the future, especially given the recent actions by the Government of Jama...
Vicat sees 12% rise in consolidated sales in the 1Q22
Vicat has posted a 12.4 per cent uptick at constant scope and exchange rates in 1Q22 consolidated sales to EUR789m when compared with the equivalent year-ago period. The reported YoY change was 11.6 per cent. The company saw solid sales growth in all regions and higher selling prices. In addition, no impact from the Ukraine-Russia conflict on the group’s activity was noted in the 1Q22. Comm...
FLSmidth sees strong 1Q22 revenue growth
FLSmidth has reported strong revenue growth in the first quarter of 2022, driven by a high order backlog. Organic group revenue advanced by 23 per cent YoY over the three-month period. Including currency effects, revenue was up 27 per cent to DKK4706m (US$669.65m), primarily due to a 56 per cent increase in capital revenue. Group EBITA improved by 59 per cent to DKK302m, while the group EBITA ...
Euclid acquires Chryso NA cement grinding aid & additives business
Euclid Chemical Company, a leading manufacturer of concrete and masonry construction products, announced today that it has acquired Chryso's North American cement grinding aids and additives business. Terms of the transaction were not disclosed. The acquired technologies are sold to cement manufacturers to enhance the performance of cement and to reduce CO 2 emissions during its production...
HeidelbergCement expands its RMC business in the Czech Republic
HeidelbergCement has acquired six ready-mixed concrete plants and one sand pit via its Czech subsidiary Českomoravský beton from Kámen Zbraslav in the Moravia region in the eastern part of the Czech Republic. All plants have a well-established residential and commercial customer base around the city of Brno, with high demand for sustainable building solutions. With this deal, Heidelber...
Holcim board welcomes new members
At its annual general meeting on 4 May 2022, Holcim confirmed Beat Hess as the new chairman of the board. All members of the board standing for re-election were also confirmed in office, while Leanne Geale and Ilias Läber were both elected as new members. Shareholders also confirmed Claudia Sender Ramirez and Hanne Birgitte Breinbjerg Sørensen as members of the Nomination, Compensation & ...
Martin Marietta sees record revenue in 1Q22
Martin Marietta’s building materials business has reported record 1Q22 products and services revenues of US$1077m, up 25.7 per cent YoY. According to the company, across all end-use markets, the business saw healthy underlying demand with price increases in all product lines. Texas cement shipments advanced by 10 per cent YoY during the quarter, supported by robust product demand and tigh...
Çimsa Cement invests US$45m in CAC facility
Turkey’s Çimsa Cement is investing US$45m expanding the capacity of its calcium aluminate cement (CAC) facility at its Mersin plant , according to Yatırımlar Magazine. The move is reportedly in line with the company’s growth targets as it plans to expand its product range to add value. The project is due to start in the 2Q22 and be completed in the 3Q23.
Dalmia Bharat joins the Holcim India race
Dalmia Bharat Ltd is reportedly planning to bid for Holcim’s India businesses. According to sources close to Dalmia, the company is in talks with banks to secure financing for the bid which would add almost 65Mta of capacity to Dalmia’s existing 35Mta. UltraTech Cement, part of the Aditya Birla Group, is also planning to join the race for the Holcim assets - ACC Ltd and Gujarat Ambuja ...
Bamburi Cement full-year profit rises
Bamburi Cement Group reported a pre-tax profit of KES2.2bn (US$19m) in 2021, representing a 22.3 per cent YoY increase from KES1.8bn in 2020. The advance comes on the back of improved volumes and prices coupled with cost management, and also reflects continued economic recovery from impact of the COVID-19 pandemic. Group turnover increased by 19 per cent from KES34.9bn to KES41.4bn, attr...
Hoffmann Green signs supply contract with Groupe Duret Immobilier
Hoffmann Green Cement Technologies announced that it has signed a three-year partnership agreement with the Groupe Duret Immobilier. From 2022, and for the next three years, Hoffmann Green will supply the Groupe Duret Immobilier with its H-UKR and H-IONA zero per cent clinker cements for the construction of collective housing and commercial buildings in the French Western area. The first co...
UltraTechCement Ltd reports consolidated sales of INR155bn in 4QFY21-22
UltraTech Cement Ltd has announced its financial results for the 4QFY21-22 and year ended 31 March 2022. The company reported consolidated net sales of INR155,570m (US$2035m) in the 4QFY21-22 versus 142,320m over the corresponding period of the previous year. Profit before interest, depreciation and tax in the 4QFY21-22 was INR31,650m compared to INR37,510m in the correspondin...
Les Ciments de Bizerte reports 30% drop in turnover in 1Q22
Tunisia’s Les Ciments de Bizerte has recorded clinker production of 161,000t in the 1Q22, representing a 20.7 per cent decline YoY. Cement production over the same period came in at 121,183t, down 42 per cent. Production of lime saw a 60 per cent YoY decline in the opening quarter of 2022, equivalent to 3488t, which the company is attributing to the lack of demand for lime on the national mark...
JSW Group joins the race for Holcim in India
The race for the acquisition of a controlling stake in Holcim Group’s cement businesses in India is intensifying, with JSW Group lining up an array of private equity firms and lenders to fund the deal. The move follows a similar arrangement by the Adani Group, helmed by billionaire Gautam Adani, which is also in discussions with a number of global lenders. JSW Group has reportedly received ...