Cement News tagged under: Weekly Newsletter
Votorantim Cimentos posts BRL1bn net profit in 3Q2413 November 2024, Published under Cement NewsVotorantim Cimentos reports it completed its 3Q24 results with a net profit of BRL1bn (US$17.3m), a 24 per cent increase compared to BRL824m in the same period last year, primarily due to better operating results. The company’s global net revenue in the quarter totalled BRL7.6bn, on par with 3Q23, excluding foreign exchange rate variations. This result was primarily due to positive performance in countries in Europe and Asia, and stability in Brazil, which offset the results in North A... |
Loma Negra posts 9% drop in 3Q net profit13 November 2024, Published under Cement NewsLoma Negra reported a net sales revenue of ARS180,686m (US$185m) in the third quarter of 2024, down 21.2 per cent YoY due to a 21 per cent drop in sales volumes of the company’s cement business. Sales volumes of cement, masonry and lime decreased by 17.1 per cent YoY to 1.44Mt in the 3Q24 but bagged cement dispatches are showing a quicker recovery. Bulk cement has been more impacted by the economic environment, the public works standstill and lower activity levels in larger private project... |
Geseke CCS project reaches technical planning phase12 November 2024, Published under Cement NewsIn October, with the awarding of the contract, for GeZero between Heidelberg Materials and Fluor Corp the GeZero Carbon capture and storage (CCS) project at Geseke cement plant enters a crucial technical planning phase. The technical planning is expected to be completed by next spring, with construction set to begin in 2026. The front-end engineering design (FEED) represents the detailed technical planning for the GeZero decarbonisation project, the first large-scale CO 2 capture and s... |
CRH announces group 3Q24 revenues of US$10.5bn12 November 2024, Published under Cement NewsCRH announced total revenues for the group of US$10.5bn (3Q23: US$10.1bn) in the 3Q24 were four per cent ahead, while organic total revenues were one per cent behind the corresponding period in 2023. Contributions from acquisitions and strong commercial management more than offset the impact of divestitures and lower activity levels due to adverse weather in certain regions. Net income of US$1.4bn (3Q23: US$1.3bn) was five per cent ahead of the prior year reflecting strong operating perfor... |
Riyadh Cement Co significantly improves 3Q results11 November 2024, Published under Cement NewsRiyadh Cement Co reported sales of SAR203.01m (US$54.1m), up 59.7 per cent YoY, in the third quarter of 2024 (ended 30 September 2024). In the 3Q23 the company saw sales of SAR127.15m. Gross profit improved by 181.3 per cent YoY to SAR83.91m from SAR29.83m in the 9M23 while operating profit surged by 250.8 per cent YoY to SAR74.62m in the 9M24. Net profit for the quarter stood at SAR94.58m, up 405.5 per cent from SAR18.71m in the 3Q23. January-September 2024 Sales revenue in the fir... |
Buzzi reports 6.4% decline in cement sales for 9M2407 November 2024, Published under Cement NewsBuzzi SpA has announced that cement and clinker sales of the group, in the first nine months of 2024, declined to 18.8Mt (2023: 20.1Mt), a drop of 6.4 per cent. Ready-mix concrete output also contracted by 7.6 per cent, reaching 7.2Mm 3 (2023: 7.7Mm 3 ). Consolidated net sales were equal to EUR3184.3m down 3.6 per cent compared to EUR3302.5m in 2023. The foreign exchange effect had a negative impact of EUR31.7 m and changes to the consolidation scope, related to the sale of concrete opera... |
Saudi Cement Co reports robust performance in 3Q2407 November 2024, Published under Cement NewsSaudi Cement Co reported sales revenue of SAR387.1m in the third quarter of 2024, up 22.9 per cent YoY from SAR315m. The company has attributed the improved revenue to increased sales revenues and average selling prices. Gross profit increased by 34.9 per cent YoY to SAR154.3m in the 3Q24 from SAR114.4m in the 3Q23 in the previous year. Operating profits surged by 61.5 per cent YoY to SAR98m in the 3Q24 from SAR60.7m. The company’s consistent growth was also shown in 3Q net profit, which... |
Spanish cement sales rise robustly in September06 November 2024, Published under Cement NewsCement consumption in Spain rose a robust 7.1 per cent YoY in September 2024, to come in at 1.219Mt, according to the latest data from Infocemento. The Spanish cement association, Oficemen, had anticipated “a slight improvement from the summer onwards” on the back of an increase in building permits and public work tenders, though they note “we must wait to see if these works are actually carried out in the short term”. Exports also rose versus year-ago data in September, increasing 15.9 pe... |
Italy's cement output stable but imports rising05 November 2024, Published under Cement NewsItaly’s cement production remained stable in August 2024 when compared with output data from August 2023. This follows a one per cent decrease in July, according to the latest data from Italian concrete association, Federbeton. Cement prices edged up by one per cent in July and August 2024. In the January-August 2024 period, cement production increased two per cent, representing stable MoM growth when compared with two per cent in July 2024. External trade Export data of July 2024 show ... |
Limak Cement successfully completes hydrogen tests05 November 2024, Published under Cement NewsLimak Cement, and Air Liquide have successfully tested the first hydrogen-blended fuel supply at Limak Cement plant in Ankara. After these extremely promising trials, Limak Cement continues its efforts to lead the Turkish cement industry within the scope of decarbonisation road map targets. Limak Cement aims at increasing the overall usage of high biogenic content alternative fuels and renewable energy by 2030 and has teamed up with Air Liquide to develop hydrogen application. In the te... |