Cement News tagged under: Weekly Newsletter
Vietnamese cement market expands 25% in September01 November 2022, Published under Cement NewsTotal cement dispatches in Vietnam surged by 25 per cent YoY to 4,631,353t in September 2022, according to data published by the Vietnam National Cement Association (VNCA). Of this total, VICEM sales were up 30 per cent YoY to 1,598,940t while other VNCA-affiliated cement companies reported a 59 per cent surge to 1,132,413t in September 2022 when compared with September 2021. Other cement producers in Vietnam saw dispatches rise more modestly at nine per cent YoY to 1.9Mt. The cement ass... |
Dangote sees revenue advance 15% YoY in 9M2201 November 2022, Published under Cement NewsDangote Cement has reported group revenue of NGN1177.3bn (US$2.68bn) in the first nine months of 2022, up 15.2 per cent YoY. Group EBITDA over the same period advanced by 0.2 per cent to NGN515.9bn, with an EBITDA margin of 43.8 per cent. Profit after tax fell 23.4 per cent YoY to NGN213.1bn, mainly due to exchange losses from the depreciation in the CFA and cede. Group sales volumes in the 9M22 came in at 20.8Mt, down 6.2 per cent YoY. “To mitigate the impact of significant increase in ... |
CEMEX's net sales grow 13% in 3Q2231 October 2022, Published under Cement NewsCEMEX announced continued solid top line growth in the 3Q22. Net sales grew by 13 per cent to US$3,956m while net income of reached US$494m. Pricing was the main driver with cement, ready-mix and aggregates, increasing by double digits. “Our pricing achievements this year have allowed us to more than offset inflationary costs in dollar terms, but stubbornly high inflation and supply chain headwinds have delayed our ability to regain margins. We are fully committed to margin recovery an... |
Yanbu Cement posts 4% rise in profit in 9M2227 October 2022, Published under Cement NewsSaudi Arabia-based Yanbu Cement Co has announced net profit after zakat and tax of SAR156.24m (US$41.6m) in the opening nine months of 2022, up 4.38 per cent on the SAR149.69m seen in the same period a year earlier. Revenue over the same timeframe slipped 0.13 per cent YoY from SAR742.87m to SAR741.9m. In the third quarter of 2022, revenue advanced by 26.14 per cent YoY from SAR207.78m to SAR262.1m. Compared to the 2Q22, revenue was up 10.05 per cent. Net profit after zakat and tax came i... |
Fiona sends Puerto Rican cement sales down27 October 2022, Published under Cement NewsHurricane Fiona has sent Puerto Rican cement sales in a downward spiral as sales in September 2022 dropped by 21.1 per cent YoY to 986,000 bags of 94lb, or 42,041t, the largest fall since 2020, according to Sin Comillas. Domestic cement production declined 17.5 per cent YoY to 509,900 bags, or 21,741t in September 2022. The decrease represents the first fall in six months. |
Taiheiyo Cement to acquire Denka cement business27 October 2022, Published under Cement NewsTaiheiyo Cement Corp is reportedly acquiring the cement business of Denka Co Ltd in March 2023. Denka has decided to exit the cement sector due to rising production costs. The company operates one integrated cement plant with 2.69Mta of cement capacity in Omi , Niigata, Japan. According to research company Nomura, Denka currently has a thee per cent share of the Japanese cement market, but demand there is falling. The company has already lowered its fiscal-year earnings guidance, for... |
Al Jouf posts 74% fall in profit in 9M2227 October 2022, Published under Cement NewsSaudi Arabia's Al Jouf Cement Company has reported a 35.1 per cent YoY increase in revenue in the third quarter of 2022. Revenue advanced from SAR54.9m in the 3Q21 to SAR74.1m in the same period this year. Compared to the 2Q22 revenue has improved by 49.84 per cent from SAR49.5m. Net profit after Zakat and tax in the 3Q22 came in at SAR5.94m, up 43.5 per cent YoY. According to the company this is due to growth in the quantity and value of sales, along with an increase in prices in Septembe... |
GCCA and ACI join forces to promote concrete sustainability25 October 2022, Published under Cement NewsThe Global Cement and Concrete Association (GCCA) and the American Concrete Institute (ACI) have signed an International Partnership Agreement (IPA) to develop and disseminate information on concrete, concrete structures, and concrete sustainability. GCCA is the key driver of sustainability in the cement and concrete industry, working towards the goal of carbon neutral concrete. Representing 80 per cent of global production outside of China, as well as key Chinese producers such as CNBM, t... |
Ghana cement prices rise again25 October 2022, Published under Cement NewsCement prices is Ghana have risen to over GHC80(US$5.91)/50kg bag of cement on the back of rapid depreciation of the cedi against the dollar. The depreciation has triggered massive inflation, causing the price of cement to increase by up to 10 per cent in a matter of weeks. The increase is expected to push up the cost of construction in the country, leading to a rise in real estate prices, according to YEN. With some of the raw materials used to make cement imported in dollars, Ghanaian pr... |
Bestway Cement fires new kiln line at Mianwali plant21 October 2022, Published under Cement NewsCompany Secretary of Bestway Cement Ltd , Hassan Niazi, has informed Pakistan Stock Exchange (PSX) that the company has achieved the major milestone of lighting up the kiln at its 7200tpd greenfield plant near Paikhel, Mianwali district, in Punjab Province of Pakistan. The kiln was successfully lit up at 9.22h on 20 October 2022, added the regulatory filling. Chairman of Bestway Group, Sir Mohammed Anwar Pervez OBE HPk cut the ribbon to inaugurate the lighting up of the kiln. Mr Nia... |