Cement News tagged under: Weekly Newsletter
Votorantim Cimentos reports net profits of BRL1.6bn in 202101 April 2022, Published under Cement NewsVotorantim Cimentos ended 2021 with net profit of BRL1.6bn (US$337m), an increase of 244 per cent compared to 2020, primarily due to better operating results with growth in sales in all regions where the company operates and gains related to the consolidation of acquisitions made in North America and Spain. Global net revenue was BRL22.3bn, an increase of 33 per cent compared to 2020, as a result of the combination of favourable pricing dynamics, especially in Brazil and North America, ... |
Birla's Mukutban plant begins clinker dispatch31 March 2022, Published under Cement NewsBirla Corp ’s newest cement plant, Reliance Cement Co ’s Mukutban integrated plant, has started dispatching clinker. The clinker is being delivered to the company’s nearest grinding unit at Butibori, Maharashtra. Shri Arvind Pathak, MD and CEO of Birla Cement Corp, flagged off the maiden consignment of the clinker-laden truck. The Mukutban plant near Nagpur has a clinker capacity of 2.68Mta and a cement capacity of 3.9Mta. Its captive thermal power plant has a generation capacity of 40MW... |
Cambodia produces 1.5Mt of cement in 2M2231 March 2022, Published under Cement NewsCambodia’s cement producers manufactured 1,524,248t of cement in January-February 2022, up by 2.1 per cent when compared with a production of 1,493,212t in the 2M21, according to Cambodia Cement Manufacturing Association (CMMA). Kampot Cement Co was leading the production rankings with an output of 420,736t, followed by Battambang Conch Cement Co with 349,500t and Chip Mong Insee Cement with 341,388t. Cambodia Cement Chakrey Ting Factory Co produced 217,656t while Thai Boon Roong ... |
Holcim to exit Russian cement market30 March 2022, Published under Cement NewsHolcim will leave the Russian market. It is the latest western company to quit the country following Moscow's invasion of Ukraine. Holcim operates three intergrated grey cement plants in Russia consisting of OJSC Volskcement , Kolomna Cement and the Ferzikovo plant. It also has white cement production at Kolomna Cement . "The Holcim Board of Directors has decided to initiate the process to exit the Russian market in line with the company's values to operate in the most responsi... |
Northern Region Cement Co announces net profits of SAR107m in 202129 March 2022, Published under Cement NewsNorthern Region Cement Co has achieved net profits after zakat (charitable donations) and tax worth SAR106.67m (US$28.4m) in 2021, a decline of 1.4 per cent from SAR108.22m in 2020. Revenues fell by 13.7 per cent to SAR561.91m last year from SAR651.48m in 2020. In the 3Q21 the Saudi listed firm reported net profit after zakat and tax worth SAR18.35m, an YoY drop of 14 per cent from SAR21.43m. |
Shree Cement starts commercial production at Baloda Bazar29 March 2022, Published under Cement NewsShree Cement has started commercial production at company's Kiln No 3 clinkerisation unit at Baloda Bazar , near Raipur in Chhattisgarh, India. The facility has a clinker capacity of 12,000tpd (4Mta). Earlier on 16 March, the company announced that it commenced trial run of its new clinker unit. The plant augment company's clinker supply to its various grinding units in eastern region. |
Anhui Conch reports drop in profit in 202128 March 2022, Published under Cement NewsChina-based Anhui Conch saw its profit slip to CNY33.3bn (US$5.2bn) in 2021 when compared with CNY35.19bn in the previous year, according to Dow Jones Newswires. The company’s revenue in 2021 declined to CNY167.95bn, down from CNY176.29bn in 2020, as market demand softened. Anhui Conch said it expects to continue to face low market demand this year, as well as high raw material and energy costs. |
Feasibility study for Conch KT Cement plant in Kampong Speu completed24 March 2022, Published under Cement NewsConch KT Cement Co Ltd has completed a feasibility study on a cement plant planned for northwestern Kampong Speu province in Cambodia and is now working on the legal procedures to break ground, according to Vei Samnang, the provincial governor. The project represents an investment of more than US$250m, financed by China. The ~2Mta plant will be located in Monorom village, Horng Samnam commune in the southeastern corner of Kampong Speu’s Oral district. Conch KT Cement Co is a joint ventur... |
Holcim Philippines' net income reaches PHP2.6bn in 202124 March 2022, Published under Cement NewsHolcim Philippines ( Holcim group ) saw higher profits in 2021 as it shielded margins from higher costs by raising prices. Holcim Philippines President and CEO, Horia Adrian, said ‘cost mindfulness’ and a tighter focus on operations and innovation would protect the company’s bottomline through 2021. The company underscored growth last year despite challenges arising from lower demand during the pandemic and the surge in costs of energy and fuel that were key inputs in the production ... |
China Resources reports turnover of HKD44bn in 202124 March 2022, Published under Cement NewsChina Resources Cement announced consolidated turnover amounted to HKD44bn (US$5.62bn) in 2021, representing an increase of 9.7 per cent over the previous year. Profit amounted to HKD7.8bn, or a decrease of 13.3 per cent when compared with 2020. External sales volumes of cement, clinker and concrete reached approximately 81.3Mt, 3.3Mt, and 14.8Mm 3 , respectively, in 2021. The capacity utilisation rates of cement, clinker and concrete production lines were 93.6, 100.6 and 40.9 per cent, r... |