Cement News tagged under: Weekly Newsletter
Cemex reports net sales of US$3.8bn in 3Q2129 October 2021, Published under Cement NewsCemex reports consolidated net sales of US$3.8bn in the 3Q21, a rise of eight per cent versus the 3Q20. EBITDA fell by one per cent to US$740m, due mainly to supply chain disruption and a sudden rise in energy and transportation costs. Consolidated cement and aggregate sales volume grew by one per cent while ready-mix grew by three per cent and urbanisation solutions grew by 16 per cent in the 3Q21. Net debt for the company declined by US$248m versus the 2Q21 and the leverage ratio dr... |
Siam Cement's revenue surges 31% YoY28 October 2021, Published under Cement NewsThailand’s Siam Cement PCL has seen its net profit decline 30 per cent YoY in the third quarter of 2021, falling to THB6.82bn (US$205m), as it recorded lower demand and an asset impairment related to a plant in Myanmar. However, revenue from sales advanced 31 per cent YoY to THB31.83bn in the 3Q21, supported by its chemical business. |
Dalmia Bharat sees 11% climb in revenue28 October 2021, Published under Cement NewsIndia’s Dalmia Bharat has reported a 10 per cent decline in net profit to INR2.09bn (US$27.93m) during the September quarter of FY21-22, compared with INR2.32bn in the year-ago period. “In spite of unprecedented cost-related headwinds across regions, our razor-sharp focus on operational efficiencies and execution has helped us contain our costs and deliver industry-leading performance,” said the company’s managing director, Puneet Dalmia. Consolidated revenue from operations was up 11.4 p... |
HeidelbergCement agrees to 68% stake in Tanga Cement27 October 2021, Published under Cement NewsHeidelbergCement has signed an agreement to acquire 68 per cent of the shares in the Tanzanian cement producer Tanga Cement. The step aims to strengthen its local business and create significant synergies with its existing assets in Tanzania, says the company in a statement. Through its subsidiary Tanzania Portland Cement, the largest cement-producing company in the country, HeidelbergCement already has a good market position in Dar es Salaam in eastern Tanzania. As part of this transactio... |
Argos commits to new 2030 CO2 emission targets26 October 2021, Published under Cement NewsOn 25 October 2021 Argos held a climate change webinar in which it committed to reduce its CO 2 emissions by 29 per cent in its cement plants by 2030. In just over the last decade, the company has already reduced its CO 2 emissiosn by 14 per cent from its baseline. By 2050, Argos will offer carbon-neutral concrete, aligned with the Net Zero ambition plan of the Global Cement and Concrete Association (GCCA). The Colombia-based cement producer will achieve its new targets by maximising w... |
Alamgir Kabir re-elected as president of the BCMA26 October 2021, Published under Cement NewsAlamgir Kabir, vice-chairman of MI Cement Factory, has been re-elected president of the Bangladesh Cement Manufacturers’ Association (BCMA). Shahidullah, managing director of Metrocem Cement and chairman of Metrocem Group, and Zahir Uddin Ahmed, managing director of Confidence Cement, have also been re-elected as the first and second vice-president of the BCMA, respectively. “Working with the policymakers to flourish the cement sector as well as to keep the consumers’ interest up will ... |
HyNet North West consortium chosen for CCUS funding scheme21 October 2021, Published under Cement NewsHanson UK (HeidelbergCement) and its partners in the HyNet North West consortium have been chosen for funding under the British government’s carbon capture, usage and storage (CCUS) cluster sequencing process. The announcement will result in economic benefits to the region, safeguarding existing jobs and creating around 6000 new employment opportunities. It also gives Hanson the confidence to invest in a carbon capture plant at its Padeswood cement works, which will connect to the planned... |
Peru's cement market expands 14% YoY in September20 October 2021, Published under Cement NewsCement dispatches in Peru advanced 14 per cent YoY and three per cent MoM to 1.238Mt in September, according to Asocem, the country’s cement association. Of this total, Asocem members delivered 1.145Mt, up 14 per cent YoY and three per cent MoM. Cement production increased by 14 per cent YoY and by two per cent MoM to 1.145Mt in September. In addition, clinker output advanced by 50 per cent YoY and by five per cent MoM to 0.901Mt. Asocem members exported 17,100t of cement, up 33 per cent... |
ACC reports 6% rise in EBITDA for the 3Q2120 October 2021, Published under Cement NewsIndia’s ACC has reported a 6.1 per cent YoY rise in EBITDA to INR7.12bn (US$95.03m) in the third quarter of 2021, compared to INR6.71bn in the year-ago period. Profit after tax advanced 23.6 per cent YoY to INR4.5bn from INR3.64bn. "ACC has recorded a solid performance during the quarter through operational excellence and a focus on sustainability while meeting customers’ needs. Despite a steep increase in fuel costs, our cost efficiency measures under project ‘Parvat’ have enabled us to m... |
UltraTech Cement records net sales of INR117,430m 2QFY2219 October 2021, Published under Cement NewsUltraTech Cement Ltd, an Aditya Birla group company, announced its financial results for the quarter ended 30 September 2021. Consolidated net sales was INR117,430m (US$1558m) compared to INR102,640m over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR28,550m compared to INR28,330m a year ago. Profit before tax was INR19,470m and profit after tax was INR13,140m compared to INR17,330m and INR13,090m, respectively. Coal and petcoke... |