Cement News tagged under: corporate
James Hardie Industries posts record results17 May 2023, Published under Cement NewsJames Hardie Industries has announced record global net sales of US$3777.1m for the fiscal year 2023, ending 31 March 2023, up four per cent YoY. Adjusted EBIT over the same period declined four per cent to US$779.8m with the adjusted EBIT margin falling two percentage points to 20.6 per cent. Operating cash flow generation of US$607.6m in fiscal year 2023 was driven by profitable organic sales growth, partially offset by an increase in working capital. Working capital advanced by US$101.... |
Vicat builds new 74,000t clinker dome17 May 2023, Published under Cement NewsVicat is building a new clinker hall for its Montalieu-Vercieu cement plant. The new 62m diameter silo will have a capacity of 74,000t of clinker. The next stage of the work, from May 2023, is the construction of the metal frame of the roof, as well as the conveyor and the aerial gallery connecting with the plant. Vicat teams (DPI, Béton Vicat, Ciment Vicat, Delta Pompage) as well as partners VINCI Construction and Campenon Bernard Centre Est are involved in the project... |
New administrator for Savannah Cement announced17 May 2023, Published under Cement NewsHarveen Gadhoke of Adili Associates has been appointed to turn around impoverished Savannah Cement with the view of recovering KES10bn (US$72.8m) owed to KCB and Absa Bank Kenya. Savannah Cement has been in court for the past year, disputing the debt of over KES7bn owed to KCB Bank and over KES3bn owed to Absa Bank. The cement firm has been facing financial challenges for the past three years. It closed briefly in late 2021, forcing all employees to proceed on a 10-day break to pave th... |
Nathdwara Cement commissions 0.8Mta of brownfield capacity16 May 2023, Published under Cement NewsNathdwara Cement Ltd , UltraTech Cement ’s wholly owned subsidiary has commissioned 0.8Mta of brownfield cement capacity at Neem Ka Thana , Rajasthan, India. The company along with its subsidiary now has 17.05Mta grey cement capacity in the state of Rajasthan and its total grey cement manufacturing capacity, including that of Nathdwara Cement, now stands at 129.95Mta in India. |
Saint-Gobain sales up 5% YoY in 1Q2316 May 2023, Published under Cement NewsSaint-Gobain has reported “solid” sales growth in the opening three months of 2023 with like-for-like sales up 4.7 per cent to EUR12,406m, compared to EUR12,007m in the same period a year earlier. According to the company, prices were up 10.2 per cent over the 1Q23, driven by price increases implemented in 2022 and certain additional measures taken locally at the start of 2023, which generated a positive price-cost spread overall. Volumes were down 5.5 per cent due to a moderate market slo... |
Arabian Cement reports 17% drop in 1Q profit16 May 2023, Published under Cement NewsArabian Cement Co posted a net profit after zakat and tax of SAR49.2m (US$13.1m) in the 1Q23, down 17.4 per YoY from SAR41.9m. It was 40.2 per cent higher QoQ when compared with SAR35.1m in the 4Q22. The company’s sales declined 7.4 per cent YoY to SAR240.1m in the 1Q23 when compared with SAR259.3m in the equivalent period of the previous year, according to Mubasher. |
Empresa Colombiana de Cementos appoints new MD16 May 2023, Published under Cement NewsEmpresa Colombiana de Cementos and its Alión brand have named Martha Patricia Quintero Valderrama as the company’s new managing director. She succeeds Juan Martínez Gilsanz, who will be leading the global business of aluminate cement for the Spanish cement producer. Ms Quintero Valderrama has more than 25 years of experience in the building materials industry and has been Alión’s commercial director for the last five years. In her career she has worked for Holcim and Cementos Polpaico. ... |
Buzzi Unicem posts 1Q23 consolidated net sales of EUR955.9m15 May 2023, Published under Cement NewsConsolidated net sales for Buzzi Unicem in the 1Q23 reached EUR955.9m, a rise of 19.5 per cent compared to EUR8000.1m the 1Q22. However, Buzzi Unicem reported to a decline in sales volumes for the group in the first three months of 2023, both for cement (-8.8 per cent) and ready-mix concrete (-12.2 per cent). The strengthening of cement prices offset lower volumes in sales. Cement sales totalled 5,803,000t in the 1Q23 compared to 6,363,000t in the 1Q22. Ready-mix sales totalled 2,364,... |
Udaipur Cements Works sees revenue rise YoY15 May 2023, Published under Cement NewsUdaipur Cement Works Ltd has reported revenue from operations of INR10,322.6m (US$125.6m) in the year ended 31 March 2023. This compares to INR8811m in the same period a year earlier. Net profit over the same timeframe has fallen from INR486.6m to INR358.6m with total expenses expanding from INR8126.9m to INR9817.8m, driven by higher power and fuel costs. Earnings per share in the year ended 31 March 2023 came in at INR1.15, down from INR1.56 in the previous year. In the quarter endin... |
Ambuja Cements adds 8Mta capacity15 May 2023, Published under Cement NewsAmbuja Cements is expanding its clinker capacity by 8Mta at its Bhatapara and Maratha units on the highest ESG standards with 42MW of waste heat recovery system, the ability to utilise 50 per cent alternative fuels and raw materials, and the provision to operate on green power. According to the company, the capacity expansion projects will enable the production of 14Mta of Blended Green Cement, following all requisite approvals. Ajay Kapur, Cement Business CEO of Ambuja Cements, sa... |