Cement News tagged: Corporate
Heracles reports static turnover of EUR188.5m in 2020
Heracles Group of Companies ’ (LafargeHolcim group) turnover in Greece remained almost unchanged in 2020 compared to 2019 when the company first returned to profitability after 10 years . It reached EUR188.5m in 2020 compared to EUR188.8m in 2019. The company’s EBITDA increased by 36 per cent to EUR35.5m in 2020 compared to EUR26.1m in 2019 and net earnings increased by 109 per ...
PT Indocement Tunggal Prakarsa records April sales volume of 1.3Mt
PT Indocement Tunggal Prakarsa Tbk recorded a sales volume of 1.3Mt throughout April 2021. This realisation was 13 per cent higher than sales in the same period last year. Director and Corporate Secretary of Indocement Tunggal Prakarsa, Antonius Marcos, said that this increase was mainly due to the fact that April last year was the first month of the COVID-19 pandemic in Indonesia. In ...
India Cements recovers in 4QFY21
India Cements has reported a standalone net profit of INR716.3m (US$9.84m) in the final quarter of FY20-21, against a net loss of INR1.11bn in the corresponding period of the previous fiscal. Net income advanced 24.9 per cent YoY to INR14.61bn from INR11.69bn. In the full-year period, the company’s EBITDA was up 35 per cent YoY to INR8.3bn from INR6.13bn in the FY19-20. Profit after tax also...
Ramco Cements posts 47% rise in net profit
India’s Ramco Cements has reported a 47 per cent rise in net profit to INR2.14bn (US$29.4m) in the final quarter of the FY20-21, compared to INR1.46bn in the year-ago period. Net revenue advanced 17 per cent YoY to INR16.40bn from INR14bn in the 4QFY19-20, while EBITDA increased 58 per cent from INR2.91bn to INR4.59bn. Ramco’s cement sales were also up to 3.21Mt from 2.93Mt. However, in th...
HeidelbergCement sells US West region assets to Martin Marietta
As part of its portfolio optimisation and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities in the US West region to the US based company Martin Marietta Materials, Inc. The sale price is US$2.3bn in cash. "The sale of our US West region activities is a major step in our portfolio optimization as part of...
Republic Cement launches AI tool to optimise raw mix
Philippines-based Republic Cement is rolling out a new AI tool to all its cement plants to reduce its CO 2 emissions and produce a stronger cement. The tool will optimise concentrations of raw ingredients in the cement mix by harnessing complex algorithms to save time and resources in its Bulacan and Batangas works as well as running the software as a pilot in its Teresa works in Rizal. “Ou...
Complaint filed against Lehigh Cement's proposed acquisition of Keystone Cement
The Federal Trade Commission is seeking to block Lehigh Cement Co LLC’s US$151m acquisition of rival Pennsylvania-based cement producer Keystone Cement Co (Element Group), alleging the deal would harm regional competition in the market. Lehigh (HeidelbergCement group) owns multiple competing factories that sell cement in Keystone markets, including two cement plants located within 40 miles of...
Cem'In'EU's Rhône plant received CE marking
Cem’In’EU has announced that its Rhône Cements site has obtained CE marking for all of its cements, both bulk and bags. This follows long-term and particularly-demanding management of quality and the implementation of a 4.0 technology ensuring the regularity and traceability of production. The plant has also completed its first shipment with the European cement in a 25kg bag.
JK Lakshmi Cement reports 37% rise in net profit
India’s JK Lakshmi Cement has reported a 37 per cent YoY rise in standalone net profit to INR1.38bn (US$18.99m) for the quarter ending 31 March 2021, compared with INR1.01bn in the year-ago period. Revenue from operations also advanced 24.6 per cent YoY to INR13.22bn, while the EBITDA margin climbed to 20.3 per cent from 19 per cent in the 4QFY19-20. "Despite a hike in the prices of inputs li...
Asia Cement creates shore power solution for vessels
Taiwan’s Asia Cement Corp has announced the completion of a full shore power project for its cement vessels, which will see its cement carriers use the onshore Taipower energy supply instead of using on-board generators while berthing at port. The project is expected to save over 1474t of fuel per year and effectively cut 5329t of CO 2 emissions. Asia Cement currently has four cement carrie...
Votorantim Cimentos reports BRL22m net profits in 1Q21
Votorantim Cimentos ended the 1Q21 with net profit of BRL227m (US$42.8m), reversing the BRL380m loss posted in the 1Q20. The company's global net revenue in the first quarter of the year was BRL4bn, an advance of 46 per cent in comparison to the same period in 2020, as a result of an increase in sales volume in all regions where it operates, combined with the positive impact of the de...
Holcim Argentina inaugurates US$120m new line
Holcim Argentina has inaugurated a new line at its Malagueño plant in Cordoba, following an investment of around US$120m. The project included the construction of a new kiln line, a state-of-the-art vertical roller mill and a dispatch centre. The new clinker production line will increase capacity by 512,000tpa or 45 per cent. The new mill also adds an additional 630,000t, taking total plant ...
CSN requests IPO for cement division
After the recent IPO of its mining arm, Brazilian steelmaker CSN is now looking to list shares of its cement division. The company requested authorisation from securities regulator CVM for the IPO of CSN Cimentos, although it did not provide further details. Cement sales in Brazil increased 20.8 per cent in the first four months of the year to 20.5Mt, according to preliminary figures fr...
Sephaku Cement CEO passes
The death of Peter Fourie, Sephaku Cement (Dangote Cement South Africa) CEO, was announced on Wednesday. Mr Fourie had suffered a stroke a week earlier and had been admitted to hospital but did not recover. The board said: "It is with deep sadness that the board of directors announces the passing away of Pieter Fourie early this morning... Pieter was part of the SepHold founding managem...
Taiwan Cement records 11% rise in revenue
Taiwan Cement has reported a 11.3 per cent rise in revenue to TWD22.04bn (US$789.3m) for the first quarter of 2021, while its net income advanced 10.6 per cent YoY to TWD3.32bn on the back of profit growth in Taiwan and Europe’s cement businesses. Despite weak sales prices in the mainland China cement business in the 1Q21, sales prices have been increasing steadily since April. In Taiwan’s ce...
Orient Cement reports INR99.87bn net profits
Orient Cement Ltd (CK Birla group) has reported an over two-fold jump in net profit at INR99.87bn (US$1.36bn) in the fourth quarter ended March 2021. It had posted a net profit of INR44,060m for the January-March quarter a year ago. Its revenue from operation rose 27.06 per cent to INR831,610m during the quarter as against INR654.520m in FY4Q2020 For the fiscal year 2020-21, Orient ...