Cement News tagged under: Corporate
Cementarnica Usje posts 13% drop in net profit in 202203 March 2023, Published under Cement NewsCementarnica Usje , the North Macedonian subsidiary of Titan, reported a 13 per cent YoY drop in net profit to MKD1bn (US$17.2m) in 2022 as costs increased. Operating expenses were up 41 per cent YoY to MKD5.8bn in 2022 as raw material costs increased by 67 per cent YoY to MKD3.5bn. Operating revenue advanced 25 per cent YoY to MKD6.7bn in 2022. Sales within Macedonia increased 26 per cent YoY to MKD4.1bn while export sales were up 22 per cent YoY to MKD2.3bn in 2022. |
Dangote Cement's corporate social responsibility work gains recognition03 March 2023, Published under Cement NewsDangote Cement has scooped a number of awards in Zambia and Senegal in recognition of its corporate social responsibility actions. In Senegal the Conseil National du Patronat (CNP) acknowledged the cement producer's local subsidiary for planting hundreds of trees to mitigate against desert encroachment in various parts of the country, reports The Day Live. Meanwhile, in Zambia, Dangote’s Ndola subsidiary picked up the Best Community Social Impact Award for Youth Development in recog... |
Fecto Cement posts 35% revenue growth02 March 2023, Published under Cement NewsPakistan’s Fecto Cement Ltd has reported revenue of PKR4145m (US$15.15m) in the six months ended 31 December 2022, marking a YoY increase of 34.8 per cent. Local sales revenue was up 32.7 per cent YoY to PKR3959m, while export revenue advanced by 102 per cent YoY to reach PKR186m. According to the company, the increase was driven by improved selling prices. Over the six-month period, Fecto Cement sold 311,129t, down 13.87 per cent YoY. Local sales volumes fell by 14.7 per cent Yo... |
Holcim Philippines reiterates commitment to decarbonisation02 March 2023, Published under Cement NewsHolcim Philippines, Inc has reiterated its readiness to support partners in decarbonising construction and putting up affordable homes and called for cooperation to accelerate the shift towards more sustainable practices. Holcim Philippines’ president and CEO, Horia Adrian, emphasised the important role of the construction industry in reducing the country’s carbon emissions. He noted that building materials account for 30 per cent of the carbon footprint of structures so it is necessary... |
MP Birla Cement opens first ready-mix plant02 March 2023, Published under Cement NewsMP Birla Cement has launch its first ready-mix concrete plant at Lucknow, Uttar Pradesh, India. Present at the opening were stakeholders led by the company’s MD, Mr Sandip Ranjan Ghose. Produced in fully computerised automated batching plants with advanced testing, MP Birla Cement Perfect Plus RMC caters to the construction requirement of residential and commercial projects like high-rise buildings, bridges, roads, airport runways and metros. |
Abyssinia Cement ownership moves to ZayRide founders02 March 2023, Published under Cement NewsThe founders of Ethiopia’s pioneer taxi service, ZayRide, have added Abyssinia Cement to their investment portfolio for ETB600m (US$11.2m), according to Capital Ethiopia. Abyssinia Cement operates a 0.85Mta integrated cement plant at Chanco, 45km north of the capital Addis Ababa in the Oromia region. Habtamu Tadesse, CEO of ZayRide, said that the cement industry was one of the country’s increasingly lucrative businesses and said in terms of running costs, he expects to pay out ETB150m.... |
Dangote Cement’s pan-African operations sales fall 8% in FY2201 March 2023, Published under Cement NewsDangote Cement ’s pan-African operations sold around 10Mt of cement and clinker in 2022, down 8.1 per cent from the 10.9Mt sold in 2021. “This is due to the continuous global supply chain disruption and increasing commodity prices,” said Dangote Cement. Pan-African revenues of NGN414.8bn (US$900.8m) were 4.4 per cent higher than 2021. The region’s revenue accounted for 25.6 per cent of total group revenue. Pan-Africa EBITDA was NGN64.9bn (before central costs and eliminations), down 26.9 p... |
Taiheiyo’s Jiangnan-Onoda suspends cement business in Nanjing, China01 March 2023, Published under Cement NewsTaiheiyo Cement Corp announced that its consolidated subsidiary Jiangnan-Onoda Cement Co Ltd has decided to suspend the cement manufacturing and sales business in Nanjing City, China. The competitive environment in China has become increasingly challenging due to the technical advances in local capital and the expansion of the scale of its production base. Therefore, Taiheiyo Cement has decided to suspend the operations of Jiangnan-Onoda Cement to focus on the policy set out in the group... |
Cemento Polpaico sees 70% drop in profits in 202201 March 2023, Published under Cement NewsChile’s Cemento Polpaico , owned by the Hurtado Vicuña Group , reported a 16.9 per cent increase in revenue in 2022 to CLP368,391m when compared with 2021 when revenue reached CP315,273m. The company sold 2,028,816t of cement, down 9.6 per cent YoY, while concrete sales reached 3,287,348m 3 , down three per cent YoY. However, net profits were down 70 per cent YoY to CLP3921m in 2022 from CLP12,901m in the previous year. "The year 2022 presented less dynamism in the sector of constructi... |
National Cement Co Ltd to open 2.5Mta clinker plant in Kenya01 March 2023, Published under Cement NewsKenya-based National Cement Co Ltd (NCC) has announced it will open a new clinker plant in September 2023. Located in West Pokot, the new plant is expected to have a clinker capacity of 2.5Mta. NCC owner, Narendra Raval, has said following commissioning of the plant, the company will be one of the largest producers of clinker in Africa and plans to export clinker to countries in the region that have a deficit. The feasibility study for the project, commissioned in 2010 by the Kerio Vall... |