Cement News tagged under: business results
Titan releases its 2017 Annual report14 June 2018, Published under Cement NewsTitan Group has released its 2017 Annual Report online . The report highlights the financial performance of the group that had a turnover of EUR1505.8m, EBITDA of EUR273.4m, profit after taxed of EUR42.7m and capital expenditure of EUR122.6m. "This stable performance reflects our ability to capitalise on the opportunities offered by the continuing growth in the US market and to minimise the impact of adverse developments in Egypt and Greece," said Titan Group CEO, Dimitri Papalexopoulos. ... |
Lucky Cement charts further growth after releasing 9MFY18 results13 June 2018, Published under Cement NewsLucky Cement is optimistic about future growth for the company, and will rely on exports and its overseas operations to boost sales . The Pakistani cement company achieved an overall growth of 5.6 per cent with total sales volume of 5.84Mt during the current nine months (9MFY18) as compared to 5.53Mt sold in same period last year. While local cement sales volume registered a growth of 16.9 per cent (north 19.7 per cent and south 13.7 per cent) to reach 5.04Mt, as compared to 4.31Mt durin... |
LafargeHolcim Group invests US$500m in Bangladesh11 June 2018, Published under Cement NewsLafargeHolcim Group has invested US$500m in Bangladesh over the years and plans for even more, besides continuously working in research and development to find best and sustainable solutions in the construction sector and promotion of cement industry in the country. This information was shared on the occasion of LafargeHolcim Bangladesh's 20th annual general meeting (AGM), which was held in Dhaka on 7 June. Company top officials say, it is the biggest foreign direct investment in the bu... |
Panyam Cement & Mineral Industries reports decline in net sales08 June 2018, Published under Cement NewsPanyam Cements & Mineral Industries, India, has reported financial results for the period ended 31 March 2018 with net sales of INR26.49m (US$0.391m) during the 12-month period ended 31 March 2018 as compared to INR65.03m (US$0.96m) during the corresponding period ended 31 March 2017. The company has posted net loss of INR23.41m for the period under review as against INR4.09m for the period ended 31 March 2017. The company has reported net sales of INR190.38m during the 12months ended 31... |
Maintaining a strong position06 June 2018, Published under Cement NewsFollowing a major overhaul at its plant in Salalah, Oman, Raysut Cement is in good shape to further expand its business internationally. ICR speaks with Joey Ghose, the company’s CEO, about Raysut’s recent capital investments and its plans to gain additional market share both at home and abroad. Joey Ghose, CEO of Raysut Cement Co, Oman ICR: When was Raysut Cement Co established and what is the extent of the company’s activities in Oman today? Joey Ghose (JG): Raysut Cement ... |
Ssangyong Cement to increase energy-efficiency of Donghae plant05 June 2018, Published under Cement NewsSouth Korea’s Ssangyong Cement Industry Co has announced plans to increase the energy-efficiency of its Donghae plant. The project includes the installation of a waste heat power generator with an energy storage system, which is expected to be operational by August. The company expects the waste heat power generator to help the facility save approximately 33 per cent of electricity, amounting to KRW25.7bn (US$24m), reports the Maeil Business Newspaper. Ssangyong Cement has announced a ... |
PhilCement obtains loan to build terminal05 June 2018, Published under Cement NewsPhilippines-based Phinma Corp has announced that its cement trading unit secured a PHP875m (US$16.69m) loan to construct a new cement terminal. "The loan will be used for the construction of the cement terminal that will be located in Mariveles, Bataan," said Phinma in a statement. PhilCement Corp signed the five-year fixed-term loan agreement with Security Bank on 1 June, according to Business World. Phinma recently reported its consolidated net income rose 37 per cent YoY to PHP66.... |
Tokyo Cement suffers LKR285m loss01 June 2018, Published under Cement NewsSri Lanka's Tokyo Cement Co (Lanka) Plc has reported a LKR285m (US$1.79m) loss in the March 2018 quarter compared with a profit of LKR911m a year ago. Group sales fell two per cent to LKR8.8bn over the period, according to interim accounts filed with the stock exchange. In the year to 31 March 2018, Tokyo Cement made a net profit of LKR2.27bn although sales were down one per cent to LKR36bn. |
Attock Cement seeks gypsum/laterite supplier01 June 2018, Published under Cement NewsAttock Cement Pakistan Ltd (ACPL) has invited a tender for the bulk supply of gypsum and laterite in 2018-19. According to the company announcement, offers are invited for the supply of approximately 120,000t of gypsum and 120,000t of laterite between July 2018-June 2019 at its cement plant located at Hub Chowki, Lasbela, Balochistan. Bids are due on 21 June 2018. Sales review 9MFY18 In the first nine months of the 2017-18 financial year, the company's overall cement dispatches of comp... |
Lafarge Czech Republic plans to invest CZK100m in upgrades31 May 2018, Published under Cement NewsLafarge Czech Republic has announced that it plans to invest CZK100m (US$4.54m) in plant upgrades. Half of the total amount has already been used in the reconstruction of the chimney flue gas filter into a more modern version which is 20 times more efficient, according to the press release. The company also plans to invest CZK40m in technology for storing, handling and dispensing alternative fuels into the clinker firing system. Furthermore, the cement plant is expected to improve noise em... |