Cement News tagged: Corporate
Breedon announces revenues of GBP928.7m in 2020
Breedon Group Plc has announced its annual results for the year ended 31 December 2020 when it achieved revenues of GBP928.7m (US$1.29bn) and profit before tax of GBP48.1m, down from GBP94.6m in 2019. The company sold 2Mt of cement as it did in 2019, and decreased aggregate sales to 21.7Mt in 2020 from 20.2Mt in 2019. Ready-mix sales fell to 2.6Mms from 3Mm 3 in 2019, while asphalt sales ...
Cementir sees strong regional sales in Turkey
Cementir Holding’s consolidated results for 2020 saw a surge in Turkish local cement demand and exports. This saw an increase in revenues of 53 per cent in local currency and a rise of 39 per cent in overall clinker and cement sales volumes. Turkish sales volumes in the domestic market grew by 27 per cent. Exports of cement and clinker more than doubled with new markets of Africa and the Mid...
Great Lakes Cement prepares for June start-up
Li Xing Jun, managing director of Great Lakes Cement, said he expected production at the cement plant in Kabimba, Democratic Republic of Congo, to start in June 2021, following rehabilitation of the facility, according to Agence Congolaise de Presse. A joint team of Great Lakes Cement staff and the National Electricity Company have been working on the start-up of power supply of the plant, ...
Breedon Group makes Board appointments
Breedon Group Plc has appointed James Botherton, who joined the group as Chief Financial Officer designate on 1 January 2021, as Chief Financial Officer and Board member as of 1 April 2021. Helen Miles is joining Breedon as a Non-Executive Director 1 April 2021. Helen is currently Capital and Commercial Services Director and a member of the Executive Committee of Severn Trent Plc. M...
Cementir records consolidated cement and clinker sales of 10.7Mt in 2020
Cementir Holding's consolidated results for 2020 saw cement and clinker sales volumes total 10.7Mt, up by 12.9 per cent compared to 2019. This increase was mainly due to the upturn in sales in Turkey where cement volumes rose by 39 per cent over the year. Sales of ready-mix concrete equalled 4.4Mm 3 in 2020, up by 7.8 per cent while aggregates sales volumes totalled 9.5Mt, down by 1.8 per ...
TCK sees 65% rise in profit
Bosnia & Herzegovina’s Tvornica Cementa Kakanj (HeidelbergCement) has reported a 64.5 per cent YoY surge in net profit to BAM23.5m (US$14.29m) in 2020. The company’s operating revenues also advanced 23.4 per cent to BAM90.6m, while operating costs increased 59 per cent to BAM73.4m.
Taiwanese manufacturers report mixed start to 2021
Taiwan’s Lucky Cement has seen a 28.5 per cent fall in revenue to TWD279.07m (US$9.85m) in February 2021, compared to TWD390.29m in the year-ago period. In the first two months of the year, revenue advanced 1.4 per cent YoY to TWD696.4m from TWD686.68m. Elsewhere, Hsing Ta Cement reported a 4.7 per cent YoY decline in revenue to TWD190.34m from TWD199.78m in February 2020. However, revenue su...
Hillhead postponed until June 2022
Following a review of the UK government’s roadmap to ease COVID-19 restrictions announced on 22 February, the QMJ Group has decided to postpone the Hillhead event by 12 months. "Under these guidelines, it is clear that the show will not be able to operate legally in June this year," said Richard Bradbury, event director. "Our priority is to provide the Hillhead experience that our exhibitor...
Taiwan Cement Corp reports 5% rise in revenue
Taiwan Cement Corp has reported a 9.3 per cent YoY decline in revenue to TWD4.54bn (US$160.19m) for February 2021, compared with TWD5bn in the year-ago period. In the first two months of the year, revenue advanced five per cent YoY to TWD13.13bn from TWD12.5bn in the 2M20.
Refratechnik Group and Höganäs Borgestad Group establish strategic agreement
Refratechnik Group and Höganäs Borgestad Group have entered into a strategic agreement for the supply of refractory products. "The similar operating philosophies of both organisations aligned and resulted in an expanded range of refractory solutions for Höganäs Borgestad customers," said Höganäs Borgestad Group in a statement . The agreement underscores the desire of both companies for ...
Cemento Melón expects to bring online Punta Arenas plant by June
Chile-based Cemento Melón expects to see its new US$30m Punta Arenas grinding plant to be commissioned by June 2021, reports La Prensa Austral. The plant is located 8.5km north of Punta Arenas in Chile’s most southern region and has a production capacity of 250,000tpa. If the market requires it, an expansion to double this initial capacity will be considered, according to Iván Marinado, Cement...
UNACEM reports improved 4Q but decline in 2020
Peruvian cement producer Unión Andina de Cementos (UNACEM) saw its revenues advance by 16.2 per cent YoY in the 4Q20, driven by a 14.5 per cent increase in dispatches in Peru with improved average prices as well higher cement and ready-mix deliveries in Ecuador. Consolidated operating profit reached PEN202m in the 4Q20, up 10.5 per cent YoY, while consolidated EBITDA increased 6.3 per cent YoY...
Kalambaina Cement to launch second line in July
Nigeria's Kalambaina Cement (BUA Cement) is set to launch its 3Mta second line in July this year, which is expected to increase supply and stabilise the price of cement, according to the company. The plant, based in Sokoto State, is expected to scale-up cement production after commissioning the new line in order to meet the country’s current and projected demand.
Tabuk Cement sees profits rise 113% in 2020
Saudi Arabia’s Tabuk Cement has seen its net profit surge 113.2 per cent to SAR51.58m (US$13.75m) in 2020, compared with SAR24.19m in the previous year. The increase in profit was driven by a rise in sales and other revenues, alongside a drop in the cost of sales, selling and marketing and financing expenses. Revenues also advanced 15.8 per cent YoY to SAR276.45m from SAR238.66m in 2019.
Southern Cement records sales of SAR1653m in 2020
Southern Cement reported sales in 2020 of SAR1653m (US$440.8m), up 27 per cent YoY due to an increase in sales volume which increased by 24 per cent YoY, while net income for the year was up 32 per cent YoY reaching SAR609m. For 4Q20 Southern Cement reported sales of SAR431m, with an increase of nine per cent YoY and one per cent QoQ, supported by higher total sales volumes, which were u...
CNBM begins restructuring cement business
China National Building Materials (CNBM) has begun restructuring its cement business and has subsequently sold China United Cement, Sinoma Cement, as well as a 99.9 per cent stake in South Cement and a 95.7 per cent stake in Southwest Cement, to its Xinjiang Tianshan Cement subsidiary for a total consideration of CNY88.25bn (US$13.64bn). Tianshan Cement will issue 442,343,026 consideration...