Cement News tagged under: corporate
Dangote Cement volumes fall 14% in 1Q2302 May 2023, Published under Cement NewsDangote Cement has reported a 1.6 per cent YoY decline in group revenue to NGN406.7bn (US$883.2m) in the first quarter of 2023. Group EBITDA over the same period fell 12 per cent to NGN185.7bn, while pan-Africa EBITDA came in at a record NGN31.2bn, up 71 per cent YoY. Group profit after tax advanced by 3.4 per cent YoY to NGN109.5bn, with earnings per share improving by 4.2 per cent to NGN6.44. Group sales volumes fell 13.5 per cent to 6.3Mt, while pan-Africa volumes expanded by 8.9 per ce... |
UltraTech Cement report consolidated net sales of INR184,360m02 May 2023, Published under Cement NewsUltraTech Cement Ltd has announced its financial results for the quarter and year ended 31 March 2023 with consolidated net sales totalling INR184,360m (US$2.26bn), a rise of 19 per cent compared to INR155,570m in the corresponding period of the previous year. Profit before interest, depreciation and tax in the 4QFY22-23 reached INR34,440m, versus INR31,650m in the corresponding period of the previous year. Profit after tax was INR16,660m compared to a normalised profit INR14,780m (before... |
Lafarge Africa 1Q23 sales up 1.3% YoY02 May 2023, Published under Cement NewsLafarge Africa has reported a 1.3 per cent YoY uptick in net sales to NGN91,821m (US$199.4m) in the opening quarter of 2023. Recurring EBIT over the same period was up 0.8 per cent to NGN22,239m, while the recurring EBIT margin remained steady at 24 per cent. Profit before tax improved by 4.7 per cent YoY to NGN22,481m, but profit after tax saw a 14.9 per cent decline to NGN14,935m. Free cash flow in the 1Q23 came in at NGN4659m, up from a loss of NGN5113m in the same quarter a year ea... |
Holcim and Air Liquide join forces to decarbonise new Obourg plant02 May 2023, Published under Cement NewsAir Liquide and Holcim have signed a Memorandum of Understanding (MoU) to pursue a project to decarbonise Holcim’s new cement production plant under development in Belgium, using Air Liquide's proprietary Cryocap TM carbon capture innovative technology. Thanks to Air Liquide’s unique carbon capture innovative technology, Holcim will be able to reduce emissions by up to 1.1Mta CO 2 . The new cement production plant announced will be replacing an existing asset. This partnership form... |
Shree Digvijay Cement reports 15% revenue growth in 4QFY2302 May 2023, Published under Cement NewsIndia’s Shree Digvijay Cement Co Ltd (SDCC) has reported a 15 per cent YoY increase in revenue in the 4QFY22-23, ending 31 March 2023. Revenue for the quarter came in at INR1952m (US$23.9m), up from INR1692m in the same period a year earlier. Over the same period, EBITDA advanced from INR305.9m to INR410.6m, while profit after tax expanded from INR128.9m to INR244.2m. The company sold 3.34Mt of cement over the quarter, up on the 3.25Mt recorded in the 4QFY21-22. “Despite very high cost... |
Heidelberg Materials supplies Europe's largest 3D printed building01 May 2023, Published under Cement NewsUsing a special 3D concrete printing material from Heidelberg Materials , the largest 3D printed building in Europe is currently being constructed in Heidelberg, Germany. Printing of the building began at the end of March 2023 and is expected to complete at the end of July 2023. Once completed, the commercial building by real estate company KRAUSGRUPPE, which will be around 54m long, 11m wide and 9m high, will house a data centre. Heidelberg Materials is supplying around 450t of i.tech®... |
ACC Ltd reports revenue growth01 May 2023, Published under Cement NewsIndia-based ACC Ltd has reported revenue from operations of INR47,907.7m (US$585.6m) in the three months ended 31 March 2023. This compares to INR44,265m in the same period a year earlier. Profit after tax in the 2023 quarter came in at INR2365.7m, down from INR3918.1m in the same quarter in the previous year. Earnings per share over the same period fell from INR20.86 to INR12.60. Revenue from cement operations in the three months ended 31 March 2023 stood at INR44,788.2m, up from INR4... |
Lafarge Canada acquires Westridge Quarries01 May 2023, Published under Cement NewsLafarge Canada (Holcim) has acquired Westridge Quarries operations. Westridge is a well-established supplier of construction aggregates and contract crushing services for the Okanagan Valley. The acquisition is in alignment with Lafarge’s Strategy 2025 to expand its aggregates business through critical acquisitions of pits, quarries, docks, and depots in strategic high growth markets. “This is an exciting step forward in our 2025 growth strategy,” said Brad Kohl, President & CEO, Lafar... |
CBR to change its name to Heidelberg Materials Benelux01 May 2023, Published under Cement NewsCBR ( Heidelberg Materials ) will see its name change on 22 November 2023. CBR will then officially become Heidelberg Materials Benelux. The Belgian company’s first trucks with the new logo are already on the roads. |
Power Cement and Dewan Cement announce financial results28 April 2023, Published under Cement NewsTwo more cement companies in Pakistan announced their financial results for the third quarter ending 31 March 2023, and 9MFY22-23. Power Cement reported an increase in profit by 18.5 per cent in 9MFY22-23, while Dewan Cement reported a loss after taxation of PKR758m (US$2.67m) against a loss of PKR64m during this period. The financial data indicates higher sales and expensive production costs on inflated financing. Power Cement Ltd has announced profits after tax increased to PKR5... |