Cement News tagged under: Corporate
Cementos Pacasmayo reports 15% increase in 2022 net income15 February 2023, Published under Cement NewsPeru-based Cementos Pacasmayo saw its revenues increase by 1.7 per cent YoY to PEN533.8m (US$138.8m) in the fourth quarter of 2022, mainly due to an increase in average prices of bagged cement as inflation affected the company’s raw material and energy costs. Sales volumes of cement, concrete and precast in the 4Q22 decreased 1.7 per cent from peak levels in the 4Q21. In the last quarter of 2022, the company reported a 14.5 per cent YoY decline in consolidated EBITDA to PEN121m, mainly ... |
HeidelbergCement India sees profit slump in December 2022 quarter15 February 2023, Published under Cement NewsHeidelbergCement India has reported total income of INR5506.7m (US$66.6m) in the quarter ended 31 December 2022, up from INR5170.6m in the previous quarter but down slightly on the INR5568.1m seen in the same quarter in 2021. Over the nine months ended 31 December 2022, total income came in at INR16,678.8m, down from INR17,135.9m in the same period a year earlier. Net profit in the quarter ended 31 December 2022 stood at INR55.8m, compared to INR70.1m in the previous quarter, and signi... |
Shree Cement resignation14 February 2023, Published under Cement NewsIndia’s Shree Cement has announced that Prakash Narayan Chhangani has resigned as whole-time director of the company. His resignation is effective from 13 February 2023. According to the company, his decision to leave is to “pursue his career outside the organisation.” |
Century Peak Cement announces first sales13 February 2023, Published under Cement NewsCentury Peak Cement Manufacturing Corp (CPCMC), a subsidiary of Century Peak Holdings Corp (CPM), has begun selling cement in Visayas, an archipelago in the Philippines, having received the quality standard certification for its products. According to Manila Bulletin, the company’s plant in Pinamungajan, Cebu, has its own pier to enable efficient distribution via barge anywhere in the country. “We are looking at the markets where we can make an impact and the Visayas region, particular... |
Buzzi Unicem posts 16% rise in consolidated net sales in FY2210 February 2023, Published under Cement NewsBuzzi Unicem reports consolidated net sales at EUR3996m in FY22, up 16 per cent from EUR3446m in FY2021, also on LfL basis a rise of 9.6 per cent. Cement sales in Brazil and Russia helped the multinationals improved performance. Cement sales of the group amounted to 28.3Mt, decreasing by 9.2 per cent compared to 31.2Mt in 2021. Ready-mix concrete output, equal to 11.5Mm 3 , was also down compared to the 12.1Mm3 volumes of last year (-5.2 per cent). The positive price effect more than o... |
Burnpur Cement losses continue10 February 2023, Published under Cement NewsIndia-based Burnpur Cement Ltd has reported total income of INR349.3m (US$4.24m) in the quarter ended 31 December 2022. This compares to INR330.2m in the previous quarter and INR357.2m in the same quarter a year earlier. Over the December 2022 quarter a loss of INR207.6m was seen, compared to a loss of INR202.5m in the previous quarter, and a loss of INR53.8m in the December 2021 quarter. Cement sales over the quarter ended 31 December 2022 came in at 84.7Mt In the nine months ended ... |
Boral reports 12% advance in revenue10 February 2023, Published under Cement NewsBoral has reported revenue of AUD1681.1m (US$1172.8m) in the six months ended 31 December 2022, marking a 12 per cent increase YoY. According to the company, this has been driven by higher volumes and prices. EBIT over the same period advanced by 15 per cent to AUD95.3m, while the EBIT margin was up 20bps to 5.7 per cent. Underlying net profit after tax (NPAT) grew by 53 per cent YoY to AUD56.8m, with adjusted earnings per share (EPS) coming in at 5.1 cents , up 50 per cent on the sam... |
Shree Cement YoY profit hit by fuel expenses10 February 2023, Published under Cement NewsShree Cement Ltd has reported total income of INR42,300.2m (US$513m) in the quarter ended 31 December 2022. This compares to INR39,374.9m in the previous quarter and INR36,618.9m in the same quarter a year earlier. Profit over the December 2022 quarter came in at INR2767.7m, up from INR1896m in the previous quarter but down from the INR4919.9m reported in the December 2021 quarter. Power and fuel expenses advanced from INR8078.m in the quarter ended 31 December 2021 to INR13,027.4m in ... |
Cementir reports 27% revenue rise in 202209 February 2023, Published under Cement NewsCementir reported consolidated 2022 group r evenue at the record level of EUR1720.9m (US$1851.4m), up by 26.5 per cent compared to EUR1360m in 2021. EBITDA reached the record level of EUR355m, up by 14.2 per cent on 2021. EBIT, after amortisation, depreciation, impairment losses and provisions of EUR119.4m (EUR113.2m in 2021), amounted to EUR235.6m, up by 19.1 per cent from EUR197.8m in the previous year. Profit before taxes was EUR247.6m, an increase of 43.9 per cent compared to ... |
CEMEX links ARS programmes to sustainability goals09 February 2023, Published under Cement NewsCEMEX has announced that all its accounts receivable securitisation (ARS) programmes are now linked to CEMEX’s sustainability-linked financing framework, which is aligned to the company’s ambitious sustainability goals within its Future in Action programme. The framework references three climate action KPIs: net CO 2 emissions per ton of cementitious material; power consumption from clean energy sources in cement; and alternative fuels rate. The annual performance in these metrics... |