Cement News tagged under: corporate
Kyzylkumcement announces large-scale modernisation plans05 May 2023, Published under Cement NewsKyzylkumcement, the leading cement producing plant of Uzbekistan and the flagship of UCG Holding , has presented detailed plans on its large-scale modernisation project and discussed the results of its zero test with KHD Humboldt Wedag, during the 2023 PetroCem International Conference. Kyzylkumcement JSC's General Director, Sergey Melnikov, reported that a meeting with the management of the engineering company KHD led to a technical audit at the plant, which made it possible to fo... |
Eagle Materials completes Martin Marietta cement acquisition05 May 2023, Published under Cement NewsEagle Materials has completed its acquisition of Martin Marietta ’s cement import and distribution business in northern California, which includes its cement terminal in Stockton. According to Eagle, the acquisition is consistent with the company’s strategic intentions to extend and strengthen its distribution reach across its heartland US cement manufacturing system. Commenting on the acquisition, Michael Haack, president and CEO of Eagle Materials, said, “Our Nevada Cement operation... |
Vulcan Materials' 1Q23 volumes hampered by poor weather05 May 2023, Published under Cement NewsVulcan Materials has reported revenue of US$1649m in the opening quarter of 2023, up from US$1541m in the same quarter a year earlier. Adjusted EBITDA over the same period has advanced from US$294m to US$338m, while gross profit has improved from US$269m to US$302m. Although shipments of aggregates over the 1Q23 fell to 51.7Mt, compared to 53Mt in the 1Q22, the freight-adjusted sales price per ton increased from US$15.52 in the 1Q22 to US$18.67 in the same period a year later, raising ... |
ENVEA acquires California Analytical Instruments Inc05 May 2023, Published under Cement NewsENVEA, comprised of ENVEA Global SAS and its subsidiary businesses, a designer, manufacturer and distributor of cutting-edge ambient air, emission and process monitoring systems for industry, laboratory, and government institutions, has announced the acquisition of California Analytical Instruments Inc (CAI). The financial terms of the transaction were not disclosed. CAI, headquartered in California, USA, is a leading environmental monitoring business. Founded in 1981 by Pete Furton, the ... |
Cementos Molins reports 25% YoY revenue growth in 1Q2304 May 2023, Published under Cement NewsCementos Molins has reported revenue of EUR342m in the first quarter of 2023, up 25 per cent YoY. According to the company, sales have improved across all businesses and regions, driven by both volume and selling prices. On a like-for-like basis, revenue improved by 38 per cent. EBITDA over the same period advanced by 47 per cent YoY to EUR86m, with a strong contribution from Spain and Mexico. Like-for-like EBITDA increased by 64 per cent. Net profit in the 1Q23 came in at EUR37m, marki... |
Lucky Cement to buy back its shares at market prices04 May 2023, Published under Cement NewsThe Board of Directors of Lucky Cement Ltd , in its meeting held on 28 April 2023, has approved and decided to recommend to the members of the company for their approval by passing of special resolutions, the purchase/buyback of up to 23,800,000 issued ordinary shares of the company (constituting approximately 7.5 per cent of the current issued and paid up share capital of the company), of the face value of PKR10/share, each by the company by Section 88 of the Act read with the Regulations,... |
Sika completes MBCC acquisition04 May 2023, Published under Cement NewsSika has completed its acquisition of MBCC Group. Based in Germany and formerly owned by an affiliate of Lone Star Funds, MBCC Group is active in the field of construction systems and admixture systems. To close the transaction and to comply with regulatory requirements, Sika sold MBCC Group’s chemical admixtures assets in the UK, USA, Canada, Europe, Australia and New Zealand to the international private equity firm Cinven. The business now acquired by Sika generated sales of CHF2.1bn (U... |
Cemex sales up 9% YoY in 1Q2303 May 2023, Published under Cement NewsCemex has reported strong results in the opening quarter of 2023 with sales expanding by nine per cent YoY to US$4036m and EBITDA seeing six per cent growth to US$733m, driven by pricing, decelerating input cost inflation, and contributions from the company’s growth investments and urbanisation solutions business. According to the company, the EBITDA margin came in at 18.2 per cent with a significant sequential improvement of 1.9 percentage points. The Urbanisation Solutions business repor... |
Ambuja Cement reports 8% growth in March quarter03 May 2023, Published under Cement NewsAmbuja Cement has reported standalone net revenue of INR42,560m (US$520.1m) in the quarter ended 31 March 2023, up from INR39,270m in the same quarter a year earlier, marking 8.4 per cent YoY growth. This growth comes despite the adverse impact on volumes of halting operations at the company’s Himachal Pradesh plants for 50 days during the three-month period. EBITDA over the same period advanced from INR8250m to INR9620m, while the EBITDA margin has improved from 21 to 22.6 per cent. P... |
Lucky Cement sales increased by 19% in 9MFY2303 May 2023, Published under Cement NewsLucky Cement Ltd has announced its financial results for the third quarter ending 31March 2023 and the 9MFY23. It reported a profit after tax of PKR11.13bn (US$39.2m) compared to PKR11.3bn earned in the nine months of the corresponding period last year. This reflects a negative growth of two per cent YoY. According to the company’s notification to the Pakistan Stock Exchange (PSX), its sales increased by 19 per cent to PKR70.34bn from PKR58.89bn during the same period last year. It incurr... |