Cement News tagged: Corporate
Chia Hsin Cement reports 14% drop in 2M22 revenue
Taiwan-based Chia Hsin Cement posted a 7.6 per cent fall in revenues in February 2022, declining from TWD145m (US$5.1m) in February 2021 to TWD134m. In the first two months of 2022, the company’s revenue fell by 14.2 per cent to TWD292.1m from TWD340.6m in the 2M21.
High energy prices shut down Cementos Portland Valderrivas kilns
Spain-based Cementos Portland Valderrivas has shut down all kilns at its seven main plants (Morata de Tajuña, Monjos, Vallcarca, Alcalá de Guadaira, Venta de Baños, Mataporquera and Olazagutía), according to CE Noticias Financieras.The company attributes the temporary shutdown to the high price of electricity, which was further aggravated by the Russian invasion into Ukraine. Cementos Port...
Cementir records strong regional results in 2021
Cementir 's regional markets results for 2021 produced increasing revenues in all markets. The highest revenues outside of Italy were recorded in Belgium and France. Norway and Sweden In 2021 sales revenues in Norway and Sweden amounted to EUR193.6m (EUR176.4m in 2020) while EBITDA recorded 22 per cent growth to EUR 21.2m (EUR 17.4m in 2020). In Norway ready-mixed concrete sales vo...
Cementir posts record EUR1360m group revenue in 2021
Cementir's group revenue in 2021 set the historical record of EUR1360m, up 11 per cent compared to EUR1224.8m in 2020. At constant 2020 exchange rates, revenue would have been equal to EUR1399.5m, an increase of 14.3 per cent on the previous year. EBITDA hit a record of EUR311m, up by 17.9 per cent compared to EUR263.7m in 2020, following improved results in all countries except Denmark ...
Hercules Enterprises applies for new UK grinding plant
Hercules Enterprises Ltd, majority owned by Spanish group Cementos La Cruz , is applying to Kent County Council (KCC) for permission to build a 500,000tpa grinding plant at Sheerness Docks, UK. Raw materials will be imported through the docks and the 2.3ha site will include a conveyor, four silos, EcoHopper, clinker storage hall, packaging plant, weighbridge and control rooms. The facility's ...
Breedon Group Plc records revenue of GBP1232.5m in 2021
Breedon Group Plc announced revenue from audited annual results for the year ended 31 December 2021 totalling GBP1232.5m, up 33 per cent from GBP928.7m in 2020. Profit before tax amounted to GBP114.3m compared to GBP48.1m in 2020, a rise of 138 per cent. Statutory EBIT reached GBP127.4m, up 107 per cent when compared to GBP61.6m in 2020. On a like-for-like (LfL) basis and compared to 2019,...
Cemex to start up CPN Kiln No2 in 3Q22
Cemex has announced that following its successful restart of one kiln at its CPN cement plant located in northwest Mexico in 2021, it is now reactivating the second CPN kiln. This investment will leverage Cemex's unparalleled regional trading network to meet growing cement demand throughout the western USA. Once operational, the recommissioned kiln is expected to provide nearly an additio...
Cemento Polpaico appoints new general manager
Cemento Polpaico has named Andrés Pérez Algarra as new General Manager, succeeding Javier Moreno Hueyo, who is leaving the post after five years of tenure. His appointment becomes effective 1 April 2022. Mr Pérez Algarra is currently the company’s commercial manager.
Loma Negra sees 37% drop in net profit in 4Q21
Argentina-based Loma Negra , owned by I ntercement do Brazil SA , reported a 37.4 per cent fall in net profit to ARS2795m (US$25.8m) in the fourth quarter of 2021. Revenues from sales in the 4Q21 declined 3.8 per cent YoY to ARS19,257m, driven by a decrease in cement sales and only partially offset by improved sales in aggregates and the company’s railway business. However, bagged sales re...
Lanwa Cement Corp inaugurates Hambantota plant today
Sri Lanka’s President Gotabhaya Rajapaksa is expected to open Lanwa Sanstha Cement Corp (Pvt)’s 4Mta in the Mirijjawila Export Processing Zone of Hambantota today. The cement works includes a fully-automated stacker reclaimer yard and two bridge types of ship unloaders for efficient, waste-free and sustainable handling of cargo. Lanwa Sanstha Cement Corp will produce the full range of ceme...
Yanbu Cement profits drop 43% in 2021
Yanbu Cement saw its revenue slip to SAR934m (US$249.1m) in 2021 from SAR940m in 2020. As selling prices fell, net profit decreased 43 per cent to SAR160m in 2021 from SAR281m in the previous year, according to a bourse filing. An increase in general and administrative expenses also contributed to the decline in profit.
CRH records group sales of US$31bn in 2021
2021 was a year of growth for CRH with positive underlying momentum in North America and Europe resulting in good demand in both regions. Group sales of US$31bn (2020: US$27.6bn) were 12 per cent ahead of 2020 and eight per cent ahead on a like-for-like(LfL) basis. Albert Manifold, CRH CEO, said: " Our 2021 performance reflects the outstanding commitment and resilience of our people as ...
Cemex Ventures invests in PartRunner
Cemex Ventures has announced its investment in PartRunner, an on-demand delivery platform for the construction and industrial sectors. This transaction is part of Cemex´s strategy to invest in innovative construction start-ups to drive the construction industry revolution. This investment addresses a critical industry pain point of a complicated supply chain, particularly for small and medium-...
Dangote Cement's pan-African sales rise 9% in 2021
Dangote Cement Group 's total pan-African volume represents 37 per cent of group volumes. Sales volumes across its African operations were 10.9Mt in 2021, up 8.7 per cent. Pan-African revenues of NGN397.3bn (US$955.1m) were 24.7 per cent higher than in 2020 and represented 29 per cent of total group revenue. The region achieved a record-high EBITDA of NGN88.8bn. Cameroon The Douala plant...
Dangote Cement reports group revenue of NGN1383.6bn in 2021
Dangote Cement reported that for the year ended 31 December 2021, group revenue reached NGN1383.6bn (US$3.327bn), up 33.8 per cent on 2020. The group recorded a record EBITDA of NGN684.6bn. Pan-African EBITDA totalled NGN88.8bn, a rise of 24.6 per cent. Net debt reached NGN225.1bn. In total, manufacturing costs increased by 25.8 per cent to NGN551bn from NGN437.9bn in 2020. Materials consum...
Power Cement reports 82% YoY rise in 1H net profit
Power Cement posted a 43.6 per cent increase in revenues to PKR5162m (US$29.1m) in the quarter ended 31 December 2021 (2QFY21-22), up from PKR3595m m in the 2QFY20-21. Operating profit saw a 37.3 per cent hike to PKR961m in the 2QFY21-22 from PKR700m in the equivalent period of the previous year. Net profit advanced 96.7 per cent YoY to PKR471m in the 2QFY21-22 from PKR239.4m. Half-year...