Cement News tagged: Corporate
Northern Region Cement Co announces net profits of SAR107m in 2021
Northern Region Cement Co has achieved net profits after zakat (charitable donations) and tax worth SAR106.67m (US$28.4m) in 2021, a decline of 1.4 per cent from SAR108.22m in 2020. Revenues fell by 13.7 per cent to SAR561.91m last year from SAR651.48m in 2020. In the 3Q21 the Saudi listed firm reported net profit after zakat and tax worth SAR18.35m, an YoY drop of 14 per cent from SAR21....
Shree Cement starts commercial production at Baloda Bazar
Shree Cement has started commercial production at company's Kiln No 3 clinkerisation unit at Baloda Bazar , near Raipur in Chhattisgarh, India. The facility has a clinker capacity of 12,000tpd (4Mta). Earlier on 16 March, the company announced that it commenced trial run of its new clinker unit. The plant augment company's clinker supply to its various grinding units in eastern region.
Buzzi Unicem records strong growth in Italy in 2021
Buzzi Unicem has announced its consolidated financial results of 2021 which saw cement and clinker sales rise by 6.7 per cent to 31.2Mt from 29.25Mt in 2020. EBITDA reached EUR795m and EBIT stood at EUR546m, an improvement of about four per cent at constant exchange rates. Group ready-mix sales totalled 12.141Mm 3 in 2021, up from 11.743Mm 3 in 2020, a rise of 3.4 per cent. Net sa...
Anhui Conch reports drop in profit in 2021
China-based Anhui Conch saw its profit slip to CNY33.3bn (US$5.2bn) in 2021 when compared with CNY35.19bn in the previous year, according to Dow Jones Newswires. The company’s revenue in 2021 declined to CNY167.95bn, down from CNY176.29bn in 2020, as market demand softened. Anhui Conch said it expects to continue to face low market demand this year, as well as high raw material and energy ...
Shiva Cement received environmental clearance for Orissa plant expansion
India-based Shiva Cement , owned by JSW Cement , has received environmental clearance from the Ministry of Environment, Forest and Climate Change to expand its cement plant in Kutra, Orissa, to 3Mta clinker capacity and 2Mta cement capacity. The project includes the installation of a 12MW waste heat recovery power generation system. The company will mine limestone from the Khathurbahal Nor...
Suez Cement Group appoints new CEO
Effective 1 May, José Maria Magrina, who led the Suez Cement Group of Companies as CEO for the last six years, will leave the company and start a new position with HeidelbergCement Trading as CEO. Mr Magrina has vast international experience in various executive roles. His professional career started at PricewaterhouseCoopers as a management consultant. Two years later, he joined Del...
PPC Zimbabwe forecasts 25% rise in domestic cement demand
PPC Zimbabwe has projected a 25 per cent increase in cement demand in the local market spurred by government funded projects and rising retail demand. Zimbabwe’s government attributes the increase in cement demand to the sharp rise in housing construction and private sector-led infrastructural development programmes that have pushed demand for Zimbabwe’s cement makers. In an operational ...
SigmaRoc records turnover of GBP49.3m in 2021
Building material producer SigmaRoc plc has announced its audited results for the year ended 31 December 2021 with turnover more than doubling to GBP272m and underlying EBITDA rising to GBP49.3m. The group’s trading and operational performance for 2021 was solid. Overall, on a LfL basis, the value of upstream quarried materials sold increased by two per cent. Value added product sales inc...
Flying Cement Co awarded long-term mining lease in Punjab
Flying Cement Co Ltd has informed Pakistan Stock Exchange (PSX) recently that the Directorate General of Mines & Minerals (Punjab) has granted the company a long-term mining lease for limestone over an additional area of 714ha (1765 acres) of land situated near to factory site, Dhok Meharwal in District Khushab, Punjab, Pakistan. This will add remarkable value to the company’s vision in...
Holcim Philippines' net income reaches PHP2.6bn in 2021
Holcim Philippines ( Holcim group ) saw higher profits in 2021 as it shielded margins from higher costs by raising prices. Holcim Philippines President and CEO, Horia Adrian, said ‘cost mindfulness’ and a tighter focus on operations and innovation would protect the company’s bottomline through 2021. The company underscored growth last year despite challenges arising from lower demand d...
China Resources reports turnover of HKD44bn in 2021
China Resources Cement announced consolidated turnover amounted to HKD44bn (US$5.62bn) in 2021, representing an increase of 9.7 per cent over the previous year. Profit amounted to HKD7.8bn, or a decrease of 13.3 per cent when compared with 2020. External sales volumes of cement, clinker and concrete reached approximately 81.3Mt, 3.3Mt, and 14.8Mm 3 , respectively, in 2021. The capacity util...
China Tianrui Group Cement posts 2021 profit of CNY1.2bn
China Tianrui Group Cement Co Ltd has reported a profit attributable of CNY1.2bn (US$188.4m) in 2021 when compared with CNY1.86bn in 2020. The company’s revenues increased to CNY12.72bn in 2021, up from CNY12.17bn in 2020, according to Reuters.
Tabuk Cement Co sees profits fall by 65% in 2021
Saudi Arabia’s Tabuk Cement Co saw its profits drop by 65 per cent in 2021 on the back of lower sales. Profits of the company dropped from SAR51.6m(US$13.8m) to SAR17.8m, according to a bourse filing. This came as sales fell by 17.3 per cent to SAR229m.
FLSmidth receives further clearance for acquisition of thyssenkrupp mining business
FLSmidth has now received regulatory clearances from the Australian, South African, Peruvian and Chilean authorities for its acquisition of thyssenkrupp's mining business. This is in addition to approvals already received from Canada and Morocco amongst others. All clearances to data have been without imposition of any competition related remedies, says the Denmark-based company in a statement...
FLO2R is strengthening its product focus for the cement industry
Kim Koldsø has joined the FLO2R team. Mr Koldsø brings on more than 20 years of specialised gas analysis product and process knowledge and hands-on experience from the cement industry, and therefore is the perfect addition to its organisation and pursuit of better gas analysis solutions, according to the company. FLO2R is deeply engaged in developing new and more powerful process gas an...
Maple Leaf Cement Co’s expansion project nears completion
Maple Leaf Cement Co (MLCF) is expecting to complete the Kiln Line No 4 expansion at the existing site in Iskanderabad, Mianwali district, Pakistan, in October 2022. This will lead the company to become the fourth largest player in the industry with a single site capacity of 7.7Mta. Addressing a Pakistan Mid Cap Conference 2022 organised by research house Topline, Group Director Finance of ...