Cement News tagged under: Weekly Newsletter
Dangote reports 82% advance in pan-African revenue31 July 2023, Published under Cement NewsDangote Cement has reported total sales volumes of 13.4Mt in the first half of 2023. Its pan-African sales, which includes all cement plant operations outside Nigeria, came in at 5.4Mt, up 11.6 per cent YoY, mainly due to robust demand in Ethiopia, Senegal, Zambia and Congo. Group revenue in the 1H23 stood at NGN950.8bn (US$1.23bn), up 17.7 per cent YoY, while pan-African revenue advanced 81.8 per cent to NGN336.4bn. Recurring profit after tax was up 37.4 per cent to NGN292.2bn, while ... |
HeidelbergCement Bangladesh reports profit in 1H2331 July 2023, Published under Cement NewsHeidelbergCement Bangladesh Ltd (HCBL) has earned a net profit of BDT478.02m (US$4.4m) in January –June 2023 against a loss of BDT205.29m in the same period of 2022, according to the company’s financial results. The profit was attributed to increased gross profit, sales, other income, and less finance expenses. However, warehouse, distribution and selling costs increased during the period. According to the company, total sales increased to BDT10.207bn, compared to BDT9.035bn in January–... |
Shree Cement starts commercial production at Purulia31 July 2023, Published under Cement NewsShree Cement Ltd has commenced commercial production at its clinker grinding unit in the Purulia district of West Bengal with a cement capacity of 3Mta. According to the company, this is the first factory in the state which will help meet the growing demand for cement in West Bengal. Shree Cement operates 10 integrated cement plants and 11 grinding units across India. The Purulia plant is expected to create direct and indirect employment opportunities for over 1000 people. With this,... |
Holcim reports 1H23 organic net sales up 7%27 July 2023, Published under Cement NewsHolcim saw its net sales decline by 11 per cent YoY to CHF13,067m in the 1H23, but organic net sales expanded by 7.4 per cent over the same period, reports the Swiss-based building materials group. “Growth reflects the strengthened earnings profile of the Group as it moves its portfolio towards businesses with superior growth and profitability,” said the group in a statement. The company invested CHF1800m in the 1H23 in the acquisition of 18 companies, including CHF1.300m for eight acquisi... |
Titan Group announces 1H23 consolidated sales of EUR1229m27 July 2023, Published under Cement NewsTitan Group ’s consolidated sales for the H123 surpassed the EUR1.2bn (US$1.335bn) level, reaching EUR1229m, increased by 18.7 per cent versus the 1H22. EBITDA increased to EUR241.2m compared with EUR136.3m in the 1H22, an increase of 77 per cent, with profitability margins expanding, as investments implemented during the last two years are progressively improving cost performance. Group EBITDA over the past 12-month period (July 2022-June 2023) reached EUR436m. Net profit after taxes a... |
Cementos Molins posts revenues of EUR705m in 1Q2327 July 2023, Published under Cement NewsCementos Molins has announced its financial results for the 1Q23. Revenues reached EUR705m, up 16 per cent compared to the 1Q22. The company has also improved sales across all businesses and regions, driven by both volume and selling prices. On a LfL basis, revenues rose by 30 per cent. EBITDA reached EUR179m, a 36 per cent increase compared to the same period of 2022. This improvement is primarily due to the positive impact generated by higher volumes, as well as the company’s efficien... |
Shree Cement 1QFY23-24 profits jumps INR5723m26 July 2023, Published under Cement NewsShree Cement ’s first quarter profit for the FY23-24 rose to INR5723m (US$69.7m), up 104.8 per cent in comparison to INR2795m during the corresponding quarter of last year. It posted revenue from operations at INR50,648.3m, up 14.7 per cent as against INR4,4148.5m during the 1QFY22-23. The company’s EBITDA stood at INR9326m. The company posted total income for the quarter at INR52,339m, up 19.1 per cent in comparison to INR43,947.5m during the same period last year. However, the total... |
New kiln bag filter at Cauldon25 July 2023, Published under Cement NewsA new kiln bag filter system currently being installed at the Cauldon cement plant of Holcim-owned Aggregate Industries is expected to be operational by early 2024 A new multi-million-pound system is currently being built at Aggregate Industries ' Cauldon cement plant, UK, to reduce emissions at the site and improve performance. The GBP8.7m (US$11.2m) kiln bag filter system will remove particulate matter and prevent it being emitted to the atmosphere. The new filter sys... |
Heidelberg Materials and partners launch GOCO224 July 2023, Published under Cement NewsHeidelberg Materials has announced its GOCO 2 (Grand Ouest CO 2 ) project with jointly partners Elengy, Lafarge France , Heidelberg Materials France, GRT gas, Lhoist and Total Energies. The project aims to capture and store up to 2.6Mta of CO 2 in western France. The project assumes that by 2050 as much as 4Mta of CO 2 will be stored. The project will involve Lafarge Cements Saint-Pierre-la-Cour (Mayenne) plant and Heidelberg Material's in Airvault (Deux-Sèvres) plant, the... |
Salonit Anhovo to become Alpacem Cement Slovenia20 July 2023, Published under Cement NewsSlovenia’s Salonit Anhovo is changing its name to Alpacem Cement Slovenia. The announcement was made following the company’s general meeting on 14 July 2023. “We have been considering changing the brand for several years, now we think the moment is right,” says Tomaž Vuk, company president. He added that there has been a trend in the cement industry for “brands to connect into larger entities” to provide additional security for customers and enable them to “cope with the new challenges... |