Cement News tagged under: corporate
TCL raises cement price20 March 2023, Published under Cement NewsTrinidad Cement Ltd (TCL), part of CEMEX, will increase its cement prices by 20 March 2023. TCL TTD43.65 (US$6.44)/42.5kg bag and by eight per cent for Premium Plus to TTD47.83/bag. “Cement prices are in fact set to be marginally adjusted, taking into consideration some of the rising cost factors with which TCL is faced,” said the company. While cement is locally produced and had not been affected by the same price volatility as lumber and steel, the cost of local inputs, which account f... |
Holcim supplies landmark Croatian tunnel20 March 2023, Published under Cement NewsHolcim has supplied more than 120,000m 3 of its ECOPact low-carbon concrete to a tunnel project in Croatia, reducing the project’s CO 2 emissions by 30 per cent. In addition, material from the excavation of the tunnel was used in the manufacture of the concrete, saving over 200,000t of virgin aggregates. The Istrian Y Motorway is a landmark project in Croatia, which relies heavily on its tourism industry. The current phase of the Istrian Y Motorway involves converting the remaining pa... |
Holcim acquires Polish recast concrete producer17 March 2023, Published under Cement NewsHolcim has acquired HM Factory, a provider of precast concrete solutions with net sales of CHF18m. Its solutions cover a wide variety of needs, such as walls, staircases and balconies. HM Factory is ideally positioned to capitalise on growth in industrial and residential construction. The company supplies Polish construction projects as well as exporting to Scandinavian markets. Miljan Gutovic, region head Europe: “HM Factory is a perfect complement to our existing operations, offering ... |
Votorantim records strong Brazilian revenue in 2022 regional results17 March 2023, Published under Cement NewsIn Brazil Votorantim Cimentos 2022 net revenue was BRL12.7bn (US$2.4bn), 23 per cent higher than in 2021. Positive price dynamics offset the slight drop in cement sales, mainly in the self-construction segment, which was impacted by the economic situation but also partially offset by the real estate and infrastructure sectors. Adjusted EBITDA was BRL2.4bn, up two per cent when compared with 2021. In addition to price dynamics, the growth of adjacent businesses contributed to this result an... |
PPC expects drop in South Africa and Botswana sales volumes17 March 2023, Published under Cement NewsSouth Africa-based PPC forecasts a 4-7 per cent drop in sales volumes in its domestic market and Botswana for the 12 months ending 31 March 2023, according to Reuters. To protect and restore its EBITDA margins it plans further cost reduction measures across its portfolio. Capital expenditure for South Africa and Botswana is expected to be in the range of ZAR280m-310m (US$15.25m-16.89m) for the FY22-23. The company expects net debt in the two countries to be between ZAR725m-775m at year-... |
China Shanshui Cement preliminary profit down 73%17 March 2023, Published under Cement NewsChina Shanshui Cement has posted a preliminary profit for the full year of CNY748.7m, down 73.0 per cent YoY on the back of falling sales, according to Reuters. The company’s operating revenue in 2022 reached CNY21.49bn. Going forward, the group will focus on improving product quality and reducing costs. Cement demand, which was sluggish throughout 2022, is expected to stabilise and decline in 2023. |
Votorantim Cimentos posts net revenue of BRL25.8bn in 202216 March 2023, Published under Cement NewsVotorantim Cimentos ended 2022 with BRL25.8bn (US$4.84bn) in global net revenue, an increase of 16 per cent compared to 2021, resulting from a stable sales volume and favourable price dynamics in all regions where it operates, which mitigated cost pressures and the impact of the exchange rate in the year. Cement sales in the countries where the company has operations totalled to 36.8Mt, one per cent less than the previous year. The company posted BRL1.1bn in net profit in 2022, 30 per cen... |
Dalmia Cement and Vedanta Aluminium team up to produce low-carbon cement16 March 2023, Published under Cement NewsVedanta Aluminium has entered into a long-term partnership with Dalmia Cement (Bharat) for the supply of industrial wastes such as fly ash and spent pot lining (SPL) to produce low-carbon cement. Under the agreement, Vedanta’s large aluminium smelter at Jharsuguda will transport around 20 rakes of fly ash per month for five years to Dalmia’s cement plants in Odisha, Chhattisgarh, Meghalaya and Assam, as well as supply SPL to Dalmia’s Rajgangpur plant in Odisha for three years. Ever... |
Yanbu Cement full-year profit up 35%16 March 2023, Published under Cement NewsSaudi Arabia-based Yanbu Cement has reported a 35 per cent increase in full-year net profit to SAR215.41m (US$57.44m) from SAR159.56m in the year-ago period. Sales were up five per cent YoY to SAR981.17m from SAR934.03m on the back of improved selling prices in the domestic and export markets. In addition, the cost of sales decreased. Clinker production increased. |
Continental Cement Co to open new cement storage facility16 March 2023, Published under Cement NewsContinental Cement Co, LLC ( Summit Materials, Inc ) will host a ribbon cutting event for its new cement storage dome in Davenport , Iowa, USA, on 20 March 2023. “The investment by Summit Materials of approximately US$30m in the largest cement storage dome in North America, represents a strong vote of confidence in Continental Cement and a commitment to sustained operations and investment in the State of Iowa,” said David Loomes, president of Continental Cement. The dome provides ... |