Cement News tagged: Corporate
Dalmia Bharat sees surge in consolidated profit
India’s Dalmia Bharat has reported a surge in consolidated profit to INR6.4bn (US$86.45m) for the final quarter of the FY20-21, compared to INR240m in the year-ago period, on the back of a higher revenue from operations and a tax credit. Revenue from operations increased 32.1 per cent YoY to INR32.81bn from INR24.83bn in the 4QFY19-20. The company saw a tax credit of INR2.12bn during the qu...
Lucky Cement announces record profits
Pakistan’s Lucky Cement has reported a record consolidated profit after tax of PKR22.15bn (US$144.39m) in the first nine months of the FY20-21. The company’s net profit surged 292 per cent YoY, on the back of improved profitability from its cement segment which saw better efficiency from its new line in northern Pakistan. Gross turnover advanced 63 per cent to PKR202.16bn from PKR123.99bn in...
Shree Digvijay Cement posts 8% rise in income
India’s Shree Digvijay Cement Co has announced a total income of INR5.09bn (US$68.8m) in the full-year period ended 31 March, up 7.9 per cent YoY from INR4.72bn. Net profit declined 4.3 per cent YoY to INR539.9m from INR564.3m in the FY19-20. In the final quarter of the fiscal, the company saw its total income rise 21.5 per cent to INR1.77bn and its net profit increase 96 per cent YoY to INR2...
PT Indocement Tunggal Prakarsa sells 4Mt of cement in 1Q21
The 1Q21 cement sales of PT Indocement Tunggal Prakarsa Tbk have seen a pick up. Indocement Director and Corporate Secretary, Antonius Marcos, said that in March 2021, the company recorded sales of 1.4Mt, more than 200,000t higher sales than in the previous month. Indocement reached 4Mt during 1Q21 (3.9Mt in 1Q20) and the company still believes that sales growth in 2021 can reach f...
Northern Cement posts 89% rise in profit
Jordan’s Northern Cement has announced an 88.8 per cent rise in profit to JOD1.8m (US$2.54m) in the first quarter of 2021, compared to JOD953,243 in the year-ago period. Sales also increased 32.4 per cent YoY to JOD9m from JOD6.8m in the 1Q20.
Thal Ltd plans bag plant in Hub in Balochistan
Thal Ltd, a subsidiary of House of Habib and paper bag manufacturer to a range of industries including Pakistan's cement companies, is setting up a plant to manufacture polypropylene woven bags in Hub with an investment of PKR1.7bn (US$11m). The state-of-the-art plant that has the capacity to produce 90m bags annually has been procured from Windmöller & Hölscher of Germany. Expressin...
CRH releases 1Q21 trading update
CRH has released a trading update ahead of its annual general meeting, which takes place tomorrow. The company has seen sales rise three per cent on a like-for-like basis in the first quarter of 2021, on the back of strong underlying demand and pricing progress across its key markets. "We had a positive start to the year in a seasonally quiet period for our business with good underlying dema...
GCC reports 9% increase in EBITDA
Mexico’s GCC has seen its consolidated net sales for the first quarter of 2021 decrease by 1.5 per cent to US$178.8m from US$181.4m in the 1Q20. This was primarily due to lower cement and concrete volumes in the US and the depreciation of the Mexican peso. However, this was partially offset by increased cement and concrete volumes in Mexico and a favourable price environment in both markets. ...
Lasselsberger Group's 700tpd white cement plant nears commercial start-up
The Lasselsberger group of Austria is preparing to launch a new 700tpd of white cement plant in the Abzelilovsky district of Bashkiria, Russia. It is the second white cement plant in Bashkiria. The Cemix plant under construction in Bashkiria will start producing its main product in May 2021. In addition to white cement, the company will produce coloured paving slabs and façade tiles. Th...
Ecebol plant to produce 0.573Mt of cement in 2021
State-run Ecebol expects its plant in Oruro, Bolivia, to produce 0.573Mt of cement in 2021, according to Jose Luis Jimenez, the company’s manager. It is forecast to achieve sales of over BOB463m (US$67.2m). The plant was inaugurated in August 2019. Its output is IP-40 and IP-30 cement.
Maple Leaf Cement sees 13% increase in sales
Pakistan’s Maple Leaf Cement has reported a 13 per cent rise in net sales to PKR26.1bn (US$168.29m) for the nine-month period ended 31 March 2021, up from PKR23.1bn in the year-ago period. Profit after tax also reached PKR5.52bn from a loss of PKR3.7bn in the 9MFY19-20. Clinker production declined 8.2 per cent YoY to 3.66Mt from 3.99Mt, while cement production slipped 7.6 per cent to 3.8Mt ...
Holcim Philippines reports 81% rise in net income
Holcim Philippines reported an 81 per cent rise in net income to PHP909.35m (US$18.79m) in the first quarter of 2021, compared to PHP501.54m in the year-ago period. However, revenues declined six per cent YoY to PHP6.81bn from PHP7.27bn in the 1Q20. "We delivered an excellent performance in the first quarter due to our sustained focus on Health, Cost, and Cash," said Horia Adrian, presiden...
DG Khan Cement reports 7% rise in revenue
Pakistan’s DG Khan Cement has announced a net profit of PKR2.24bn (US$14.45m) in the first quarter of 2021, compared to a PKR1.07bn loss in the year-ago period. For the 9MFY20-21, the company has reported a PKR3.25bn profit against a PKR2.01bn loss in the first nine months of FY19-20. Sales revenues also advanced 6.5 per cent YoY to PKR35.37bn in the same period. "Sales, in value terms, re...
Fancesa inaugurates new Cal Orcko line
Bolivia’s Fábrica Nacional de Cemento SA (Fancesa) inaugurated its new production line at Cal Orcko, near Sucre. The US$215.45m investment will bring plant capacity to 2100tpd. Chairman of Fancesa’s Board of Directors, Edwin Hurtado, highlighted the important role that bondholders and national banks have played in financing part of the economic resources for the execution of the new line. “W...
FCT Combustion appoints new Asia-Pacific CEO
Andy Bailes has been announced as the new CEO of FCT Combustion (Asia-Pacific). Andy joins FCT after almost 30 years at Metso in Australia, having spent 10 years as General Manager – Engineered Product Services where he was responsible for managing a large team covering proposals, sales, technical, commercial and contractual obligation of the EP Products (grinding, pyro, process & BMH) Group w...
LafargeHolcim reports outstanding 1Q21 results in Asia Pacific
LafaregHolcim's Asia Pacific division recorded strong cement sales of 18.9Mt, and increase of 19.6 per cent from 15.8Mt in the 1Q20. Aggregate sales also rose to 7.6Mt, up 35.4 per cent on the 5.6Mt recorded in the 1Q20. Ready-mix concrete sales totalled 2Mm 3 , down 5.8 per cent from 2.1Mm 3 in the 1Q20. "The Asia Pacific region showed record performance with strong growth in cement volum...