Cement News tagged under: corporate
Cementir announces record revenues of EUR1721m in 202210 March 2023, Published under Cement NewsCementir announced historical group revenues in 2022 from sales and services totalling EUR1720.9m, up 26.5 per cent on EUR360m in 2021. The increase in revenue is mainly due to the price policy to mitigate the exceptional increase in the costs of fuel, electricity, raw materials, transport and services. It should be noted that at constant 2021 exchange rates revenue would have been equal to EUR1854m, up by 36.3 per cent compared to the previous year. EBITDA reached an all-time r... |
Taiheiyo Cement secures Japan's first transition-linked loan10 March 2023, Published under Cement NewsTaiheiyo Cement Corp has raised capital from the Development Bank of Japan Inc through a transition-linked loan, marking the first time transition finance has been secured by the cement industry in Japan. According to the company, transition-linked loans are a financing framework designed to support companies working to reduce greenhouse gases in line with strategy, linking the borrower’s performance against predetermined Sustainability Performance Targets (SPTs) with the terms of the loan... |
PSX listed cement companies release financial results for 1HFY2310 March 2023, Published under Cement NewsCement companies listed in the Pakistan Stock Exchange (PSX) continue to report mixed financial results for the 1HFY22-23 (July-December 2022) of the current financial year FY22-23 (July 2022-June 2023). Although companies have reported an increase in sales, their cost of sales and bank borrowing has increased, resulting in a tightening of profit margins. According to JS Global Capital Ltd, demand improvement has given the industry room to pass some of the impact of cost growth due to the... |
Loma Negra posts 1% uptick in revenue in 202210 March 2023, Published under Cement NewsArgentina’s Loma Negra has reported a two per cent YoY increase in revenue in the 4Q22 to ARS36,763m (US$215m), mainly driven by a strong performance in the concrete and aggregates segments, which helped offset a fall in cement sales. Adjusted EBITDA came in at ARS13,173m, up 5.4 per cent YoY in adjusted pesos, or up 42.7 per cent in dollars at US$91m. Net profit over the quarter stood at ARS7452m, boosted by the sale of non-strategic property, according to the company. For the full y... |
BUA Cement's revenue increased by 40% in 202209 March 2023, Published under Cement NewsBUA Cement Plc of Nigeria reported that revenue increased by 40.3 per cent or NGN103.7bn (US$22 5.3m) in 2022 to NGN361bn from NGN257.3bn in 2021, given the combination of pricing activities and increased volume dispatched (including added volumes from the new Line 4 in Sokoto). Cement volumes in 2022 totalled 6.27Mt. The company's revenue per tonne increased by 21.2 per cent to NGN57,511/t in 2022 from NGN47,448/t, as at 2021. "This was due to pricing activities during the year," s... |
Breedon records revenue of GBP1396m in 202209 March 2023, Published under Cement NewsDuring 2022, Breedon Group Plc grew revenue by 13 per cent to GBP1396.3m (EUR1566.7m/US$1658.4m) in 2022 (2021: GBP1232.5m) and the company’s underlying EBIT rose by 16 per cent to GBP155m (2021: GBP133.6m). The company completed three strategically significant bolt-on acquisitions and increased its net capital expenditure to GBP102m (2021: GBP71m) as bottlenecks in the supply chain relaxed while reducing Breedon’s Covenant Leverage to 0.7x (2021: 0.8x). Volumes reduced in the... |
Dugongo Cimentos announces new plant09 March 2023, Published under Cement NewsDugongo Cimentos is building a new 6000tpd cement plant in Nacala-Porto, Nampula province, on the northern cost of Mozambique. The project is believed to cost US$192m, according to Macao News. The company currently runs a 2Mta integrated plant in Maputo province. The construction sector in Mozambique was estimated to be worth US$724.6m in 2021 with average annual growth of over four per cent forecast in 2023-26. |
South Valley Cement reports decline in net losses in 202208 March 2023, Published under Cement NewsEgypt’s South Valley Cement has reported sales in 2022 of EGP873.73m (US$28.3m), up from EGP284.62m in the previous year, according to Zawya. Over the same period, the company saw a net loss of EGP208.74m, compared to a loss of EGP225.45m in 2021, giving a loss per share of EGP0.43 as of 31 December 2022, versus EGP0.47 at the same time a year earlier. |
Hoffmann Green gets Chinese patent for its clay-based cement07 March 2023, Published under Cement NewsHoffmann Green Cement Technologies has been granted a Chinese patent for its clay-based H-EVA cement. One year after the granting of the Chinese patent for its H-P2A binder, the company is further developing its intellectual property in this territory with the granting of a patent for its zero per cent clinker H-EVA cement. After more than three years of analysis, the H-EVA patent has been validated by the Chinese Patent Office under the number CN 201880079822.X. H-EVA is a zero per ce... |
Heracles Group set to acquire Larsinos SA07 March 2023, Published under Cement NewsHeracles Group ( Holcim group ), announces the agreement to acquire 100 per cent of Larsinos SA. This acquisition is part of Heracles Group’s growth strategy. The agreement is subject to the approval by the Greek Competition Commission. Larsinos SA is a fast-growing ready-mix concrete company with assets that include commercial plants, on-site/jobsite ready-mix concrete, aggregates and quarrying. With this acquisition, in the ready-mix concrete sector, Heracles Group expands ... |