Cement News tagged under: Weekly Newsletter
Arkan Building Materials sees profits decline to AED2.1m in 1H2011 August 2020, Published under Cement NewsArkan Building Materials reported 1H20 profits declining to AED2.1m (US$571,818) as construction activity became disrupted in UAE due to the pandemic. Last year the company reported profits in 1H19 of AED 33.7m, boosted by the sale of Emirates Cement Factory. Revenue this year has reached AED387.4m, down from AED458.8m last year. Cement revenues fell to AED196.5m from AED282.7m last year, while cement-led profit amounted to AED7.91m, down from AED45.69m. Concrete block and dry mortar revenu... |
Dalmia Bharat posts 24% YoY increase in net profit07 August 2020, Published under Cement NewsIndia’s Dalmia Bharat has reported a 23.7 per cent YoY rise in consolidated net profit to INR1.88bn (US$25.08m) for the quarter ending June 2020, compared with 1.52bn in the year-ago period. However, revenue from operations declined 22.2 per cent to INR19.74bn from INR25.37bn. "Despite the challenges posed by COVID-19, the company once again delivered a strong performance and achieved an EBITDA of INR1675/t during this quarter," said the company. "The same is the highest ever EBITDA achie... |
Argos achieves revenues of COP2.1trn in 2Q2006 August 2020, Published under Cement NewsFrom April to June 2020, Argos, part of Grupo Argos, reported revenues of COP2.1trn (US$553.5m), which represents a contraction of 9.1 per cent compared to the same quarter of last year. These figures were caused in part by lower volumes associated with lockdowns and the mandatory closings of operations in many markets. Argos partially offset the decrease in volumes thanks to the resilience of the construction industry in the USA and the exchange rate of the Colombian peso, which continued... |
SCG sees dip in Vietnam's revenue from sales06 August 2020, Published under Cement NewsThailand’s Siam Cement Group (SCG) has seen its revenue from sales in Vietnam drop five per cent YoY to VND13.1trn (US$564.6m) in the first half of 2020, according to Vietnam News. The figure accounted for 8.8 per cent of SCG’s total revenue during the six-month period. In the 2Q20, its revenue from sales in the country reached VND7trn, equivalent to 40 per cent of the total revenue from ASEAN markets, excluding Thailand, compared to 30 per cent in 2019. |
Buzzi Unicem's 1H20 cement and clinker sales fall 3%05 August 2020, Published under Cement NewsBuzzi Unicem reports that group cement and clinker sales declined 3.4 per cent in the 1H20. The drop in volumes was concentrated in Italy and eastern Europe, due to the spread of the pandemic and to the associated restrictions on economic activity. In central Europe shipments were only slightly below the level reached in the same period of 2019. There was strong performance in the USA, despite the increasing challenges presented by COVID-19. Net sales achieved in the half year were substant... |
US Portland and blended cement deliveries decline 6% in May05 August 2020, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico fell 6.3 per cent YoY to 8.7Mt in May 2020, according to data published by the US Geological Survey (USGS). The top five state markets were Texas, California, Florida, Illinois and Ohio. Their total market share was 39 per cent in May. The leading producing states were Missouri, California, Texas, Florida and Michigan, which combined accounted for 42 per cent of the nation’s output. In terms of ... |
FLSmidth's 1H20 revenue slips to DKK3.85bn04 August 2020, Published under Cement NewsIn the 2Q20 FLSmidth's revenue amounted to DKK3.846bn (US$608.8m) compared to DKK5.472bn in the 2Q19, down 30 per cent YoY with a 22 per cent decline in mining and a 41 per cent decrease in cement. The relatively sharper decline in cement was not only due to a more severe impact of COVID-19 on the cement industry but also a result of a lower level of cement capital orders in the past four quarters, reported FLSmidth. FLSmidth’s organic order intake declined by 29 per cent and organ... |
Vicat's 1H20 results see consolidated sales of EUR1.3bn31 July 2020, Published under Cement NewsVicat has announced 1H20 results with consolidated sales of EUR1.304bn, down 2.7 per cent from EUR1.340bn in 1H19. EBITDA reached EUR213m, representing a decline of 6.7 per cent on EUR228m earned in 1H19. The EBITDA margin stood at 16.3 per cent in the 1H20 compared with 17 per cent in 1H19. First-half operational sales of the cement business rose 0.9 per cent on a reported basis, and 1.9 per cent at constant scope and exchange rates. The concrete and aggregates business recorded a... |
Martin Marietta reports 1H cement gross profit up 26%29 July 2020, Published under Cement NewsUS-based building materials producer Martin Marietta posted total revenues of US$1.27bn in the 2Q20, representing a marginal decline from US$1.28bn in the 2Q19. However, the company’s gross profit increased 6.6 per cent from US$356.9m in the 2Q19 to US$380.5m one year later while earnings from operations advanced 7.2 per cent from US$285.9m to US$306.4m during the same period. Net earnings attributable to Martin Marietta were up 14.8 per cent to US$217.6m in the 2Q20 from US$189.5m in the ... |
Breedon Group sees revenue decline by 25% to GBP353.3m in 1H2029 July 2020, Published under Cement NewsBreedon Group Plc announced its interim (unaudited) results for the six months ended 30 June 2020 with revenue reaching GBP353.3m, representing a 25 per cent drop from GBP447.4m in 1H19. Breedon recorded cement sales of 0.8Mt in the 1H20, down from 1Mt in 1H19, while ready-mix sales declined to 1Mm 3 in the 1H20 from 1.5Mm 3 in the 1H19. Breedon also sold 8Mt of aggregates and 1Mt of asphalt in the period, down from 9.9Mt and 1.4Mt, respectively in the 1H19. Despite the COVID-19 lockdown ... |