Cement News tagged under: Weekly Newsletter
Cementos Molins records net profits of EUR62m for 9M2002 November 2020, Published under Cement NewsCementos Molins has announced its 9M20 results, with net profits reaching EUR62m, 12 per cent less than the same period last year. In comparable terms of exchange rates and hyperinflation adjustment, net profits to September grew by 13 per cent. Profits in the third quarter (July-September) stood at EUR29m, 44 per cent higher than the same quarter last year, when the net profit was EUR21m. Cementos Molins' revenues up to September were EUR546m, representing a decrease of eig... |
Al Jouf Cement sees surge in net profit for the 3Q2002 November 2020, Published under Cement NewsSaudi Arabia’s Al Jouf Cement reported a 643.4 per cent YoY surge in net profit to SAR8.22m (US$2.19m) for the third quarter of 2020, compared to SAR1.1m in the corresponding period of last year. The company’s revenue advanced to SAR68.9m in the July-September period, rising 155.5 per cent YoY. The growth in quarterly earnings was supported by an increase in sales volume and value, coupled with a decrease in the cost of sales per tonne as production rose, according to a stock exchange sta... |
Cemex sees net sales rise to 3% to US$3.436bn in 3Q2029 October 2020, Published under Cement NewsCemex SAB de CV has announced its 3Q20 results with net sales increasing by three per cent on a like -for-like (LfL) basis to US$3.436bn, while EBITDA rose by 15 per cent to US$728m. Net operating earnings, before other expenses, rose by 20 per cent to US$453m on a LfL basis. Net debt plus perpetual notes fell by US$504m versus the previous quarter. Net sales in Mexico rose by 14 per cent on a LfL basis to US$723m. Operating EBITDA rose 16 per cent to US$246m on a LfL basis, versus... |
Egypt sees demand rise 10% MoM28 October 2020, Published under Cement NewsEgypt saw total cement sales decline 12.5 per cent YoY to 3.8Mt, including exports, in September, according to Daily News. However, this represents a 10 per cent increase MoM and is the highest monthly cement demand since April 2020. The average industry utilisation rate stood at around 56 per cent in September. Sinai Cement was the best performer in terms of volumes, which increased three per cent YoY. Suez Cement reported sales of 617,000t, up 28 per cent MoM, while Arabian Cement sa... |
BCPAR joint venture buys CRH's Brazilian assets27 October 2020, Published under Cement NewsCompanhia Nacional de Cimento (CNC), a wholly-owned subsidiary of BCPAR SA, company in which Buzzi Unicem holds 50 per cent of the share capital in a joint venture with Grupo Ricardo Brennand, has signed a purchase agreement for the businesses of the CRH group operating in Brazil. The CRH companies operating in Brazil own three integrated cement plants and two grinding units in the southeast. The acquisition will result in a significant strengthening of BCPAR, which also operates i... |
New US$435m project set for Oman26 October 2020, Published under Cement NewsOman’s Duqm International Cement Projects Co is preparing to launch the country’s biggest integrated cement plant project with an investment of US$435m, according to the Oman News Agency. The new factory, to be located in the Special Economic Zone in Duqm (SEZAD), is expected to have a capacity of 3.5Mta (10,000tpd). It is due to start operations in 2023. The spokesman for the project stated that the new project will meet local market demand and also export to external markets such as ... |
Lucky Cement's Iraqi clinker plant set for December start-up26 October 2020, Published under Cement NewsLucky Cement Ltd of Pakistan has set a target date of 20 December 2020 for the start-up of its 1.2Mta greenfield clinker unit, in Samawah, Iraq. Lucky Cement 's Chairman, Muhammad Yunus Tabba, and CEO, Mohammad Ali Tabba, informed the Pakistan Stock Exchange (PSX) in a notification of the preferred date for the start-up. This was possible due to an opening of Pakistan's airspace, which enabled additional workforce for the construction of the preheater/kiln, refractory and electrical ... |
UltraTech Cement records net sales of INR102.31bn in 2QFY2122 October 2020, Published under Cement NewsUltraTech Cement Ltd (Aditya Birla group) announced earned consolidated net sales of INR102.31bn (US$1.389bn) in 2QFY21 compared to INR94.86bn in 2QFY20. Profit after tax was INR1234m for the financial period ended 30 September 2020. On a standalone basis, net sales stood at INR98.95bn in 2QFY21 compared to INR91.23bn in 2QFY20. Profit before interest, depreciation and tax in 2QFY21 was INR26,990m and profit after tax was INR12,090m. Operating margins reached 27 per cent and for t... |
Spain's September demand advances but exports drop22 October 2020, Published under Cement NewsCement demand in Spain has declined by 11.6 per cent YoY to 9.858Mt at the end of the 3Q20, according to Oficemen, the country’s cement association. In September cement consumption edged up by 0.9 percent YoY to 1.246Mt. However, Oficemen President, Víctor García Brosa, warned against an overly optimistic outlook. “This slight positive value does not change the strongly negative trend of the year, and that, as we have already indicated, will probably cause us to close the 2020 financial y... |
Construction on new plant set to begin in Uganda22 October 2020, Published under Cement NewsConstruction of the Ateker cement plant is due to begin in Moroto district, Uganda, within the next few weeks, according to the Moroto District Investment Agency. The cement facility will be part of the Karamoja Marble complex, which will also produce lime and marble. The unit is expected to be completed within 18 months of the commencement of construction, while its capacity is set to reach 1200tpd. David Ekou Ekanya, senior engineer at the Uganda Development Corporation (UDC), has said... |