Cement News tagged under: Corporate
Cemex releases "Shaping the Future Together" report29 March 2023, Published under Cement NewsCemex has released its 2022 Integrated Report, detailing the company's operational, climate action and other achievements throughout the year. The report, titled "Shaping the Future Together", provides an in-depth analysis of Cemex's strategic vision, corporate governance, value creation, and operational performance. Among the company's ‘Future in Action’ achievements were a record nine per cent reduction in specific carbon emissions over the last two years, reaching a 30 per cent cumul... |
Lucky Cement continues to lead the Pakistan market29 March 2023, Published under Cement NewsLucky Cement has become the 10th-largest producer in market capitalisation on the Pakistan Stock Exchange (PSX) and continues to lead the cement industry as the largest cement producer in the country. According to AKD Research, Lucky Cement commissioned its Pezu capacity expansion of 3.15Mta in late December 2022 in Khyber Pakhtunkhwa, with a total cement capacity of 15.3Mta, holding its mark as the largest cement producer of Pakistan. Lucky Cement has 10.3Mta of cement capacity in th... |
Malabar Cements launches new dry mix28 March 2023, Published under Cement NewsIndia's Malabar Cements has launched a new dry mix for use when plastering buildings. The dry mix is made by combining cement and sand after removing dampness with the help of a machine, reports The Hindu. Supplied in 40kg bags, the dry mix can be used directly for plastering simply by adding water and covers a larger area than the conventional cement and sand method, according to the company. Malabar Cements currently runs two cement plants, one integrated and one grinding, located in ... |
Ambuja Cements wins community award28 March 2023, Published under Cement NewsAmbuja Cements , part of the Adani group, has scooped the Development Catalyst Award 2022 at the Livelihoods India Summit. Through its CSR arm, the company has been empowering the social and economic growth of communities located near to its manufacturing facilities, including the creation of farmers’ clubs, self-help groups, and women’s federations. A fund has also been set up to provide loans to local businesswomen to sustain their businesses, and provide financial assistance to farming f... |
Sagar Cements appoints new director28 March 2023, Published under Cement NewsIndia’s Sagar Cements Ltd has appointed Shri Ravichandran Rajagopal as an independent director of the company, effective from 27 March 2023 for a period of five years. A graduate in mechanical engineering, Mr Rajagopal is currently a whole-time director on the board of Anjani Foods Ltd. He has also held roles at Ciba Geigy Ltd, Vijay Cements, Elico Healthcare Ltd and Sri Vishnu Educational Society. |
INSEE Cement awarded road traffic safety management system certification28 March 2023, Published under Cement NewsINSEE Cement Sri Lanka ( Siam City Group) has been awarded ISO 39001:2012 certification in recognition of its road traffic safety (RTS) management system. “INSEE Cement logistics operations cover over 20 million kilometers each year due to our broad distribution network reaching the four corners of Sri Lanka and the scale of our operations. With this certification, we are confident that our road traffic safety management system is helping increase road safety, lower road traffic incide... |
Intercem Engineering celebrates its 20-year anniversary28 March 2023, Published under Cement NewsOn 14 April 2003, 20 years ago, Intercem Engineering GmbH was founded, followed by Intercem Installation GmbH in 2007. Intercem Engineering began its business with the sale of used machines for the cement industry. These were professionally overhauled and sold worldwide in almost new condition. Today, the Intercem Group consists of the system manufacturers Intercem Engineering GmbH and Intercem Installation GmbH, both based in Oelde, Germany, as well as Intercem Cement AG, in Zug, Swit... |
Semen Indonesia sales volume declines 3% in 202228 March 2023, Published under Cement NewsSemen Indonesia Group (SIG) recorded lower sales volume inline with lower domestic demand in 2022. Domestic cement sales volume weakened by 3.4 per cent YoY to 63.03Mt led by a contraction in bag sales volume of 8.7 per cent YoY due to price increases, while the bulk market maintained growth of 14.5 per cent. SIG’s total sales contracted by 12.9 per cent YoY to 36.92Mt. Domestic cement sales declined 7.2 per cent YoY to 31.6Mt in 2022, while regional sales fell by 36.4 per cent YoY ... |
CNBM reports 17% drop in sales in 202227 March 2023, Published under Cement NewsChina National Building Material Company Ltd (CNBM) has reported sales of CNY230.167bn (US$33,441m) in 2022, down 16.5 per cent YoY from CNY275.618bn in the previous year. Net income over the same period fell from CNY17.094bn to CNY8.650bn, while basic earnings per share declined from CNY1.932 to CNY0.944. Net profit fell to CNY7.96bn in 2022 compared to CNY16.3bn in 2021, down 51 per cent YoY. According to the company, cement production contracted 10.5 per cent to a decade-low of 2.13bt ... |
Holcim Philippines sees sales dip in 202227 March 2023, Published under Cement NewsHolcim Philippines has reported net sales of PHP26,587m (US$489.7m) in 2022, down from PHP29,946m in the previous year. Operating EBITDA over the same period fell from PHP5412m to PHP4068m, while net profit declined from PHP2565m to PHP1643m. In the fourth quarter of 2022, net sales came in at PHP7475m, up from PHP6797m in the 4Q21. Operating EBITDA dipped slightly from PHP955.9m in the 4Q21 to PHP995.6m in the same period a year later, while net profit improved from PHP264.7m to PHP4... |