Cement News tagged under: corporate
Dangote Cement opens US$130m commercial paper offer07 March 2023, Published under Cement NewsDangote Cement is currently raising NGN60bn (US$130.7m) through the issuance of commercial paper, under its NGN150bn commercial paper programme, reports The Nigerian Observer. The offer opened on 3 March 2023 and will close on 7 March 2023. The funds raised will be used for working capital requirements and general corporate purposes, the company stated in the offer document. The offer comes in two series - 6 and 7. Series 6 is a 181-day offer with a discount rate of 11.4310 per cent and... |
Bedeschi opens materials handling excellence centre07 March 2023, Published under Cement NewsBedeschi SpA is excited to announce the opening of the new Bedeschi materials handling excellence centre in Germany. This centre enriches the company’s already strong engineering backbone in Italy and will focus on the fields of port handling, stockyard equipment and wagon unloading. Dr Reza Poorvash will act as the CEO of the new subsidiary based in Saarbrücken, Germany. Together with the recently-established Australian branch, Bedeschi keeps increasing its know-how in engineerin... |
CRH proposes moving stock listing to New York06 March 2023, Published under Cement NewsCRH is considering moving its main stock market listing from London to New York. According to the company, around 75 per cent of its income comes from the North American market. In 2022 its materials business reported 15 per cent YoY growth in the Americas, with the US Infrastructure Investment and Jobs Act, Inflation Reduction Act and Chips Act all helping to fuel a boom in construction activity. "We would have higher levels of growth if we were to list our business in America. It'... |
Lafarge Africa sees net sales improve 27% YoY06 March 2023, Published under Cement NewsLafarge Africa Plc has reported a 27.3 per cent rise in net sales in FY22 to NGN373.2bn (US$812.9m), compared to NGN293.1bn in FY21. Recurring EBIT over the same timeframe advanced by 29.3 per cent to NGN84.2bn with the recurring EBIT margin moving from 22 per cent in FY21 to 23 per cent a year later. Earnings per share over the same period improved by 5.2 per cent from NGN3.17 to NGN3.33. Khaled El Dokani, CEO of Lafarge Africa, commented, “In 2022, we recorded 27.3 per cent and 29.3... |
BEUMER Corp appoints new CEO06 March 2023, Published under Cement NewsMarkus Schmidt Named CEO of BEUMER Corp BEUMER Corp (BEUMER Group) has named Markus Schmidt as president and chief executive officer. Mr Schmidt joins the company effective immediately. As the new CEO, Mr Schmidt will work closely with the talented team at BEUMER Corp to build on the company's strong legacy and drive continued growth and success. The company is committed to delivering innovative solutions and world-class service to customers, while prioritising safety, qua... |
CRH revenue up 12% YoY in 202203 March 2023, Published under Cement NewsCRH plc has reported a 12 per cent YoY increase in sales in 2022 to US$32.7bn. EBITDA over the same period advanced by 13 per cent to US$5.6bn, while the EBITDA margin is up 10bps to 17.2 per cent. Earnings per share (EPS) in 2022 improved by 14 per cent YoY at US$3.50. Commenting on the results, Albert Manifold, chief executive of CRH, said: “Our 2022 performance reflects the outstanding commitment of our people, the underlying strength and resilience of our business and the continued... |
Holcim launches digital twin cement plant in Switzerland03 March 2023, Published under Cement NewsHolcim claims it has launched the world’s first cement plant digital twin, a real-time 3D virtual model accurately replicating one of its sites in Switzerland. The digital twin integrates Holcim’s enterprise software and performance prediction algorithms with the 3D model, enabling faster, more efficient and more reliable operations at minimal cost. The project is part of Holcim’s Plants of Tomorrow programme , deploying Industry 4.0 technologies across its sites for enhanced eff... |
Cementarnica Usje posts 13% drop in net profit in 202203 March 2023, Published under Cement NewsCementarnica Usje , the North Macedonian subsidiary of Titan, reported a 13 per cent YoY drop in net profit to MKD1bn (US$17.2m) in 2022 as costs increased. Operating expenses were up 41 per cent YoY to MKD5.8bn in 2022 as raw material costs increased by 67 per cent YoY to MKD3.5bn. Operating revenue advanced 25 per cent YoY to MKD6.7bn in 2022. Sales within Macedonia increased 26 per cent YoY to MKD4.1bn while export sales were up 22 per cent YoY to MKD2.3bn in 2022. |
Dangote Cement's corporate social responsibility work gains recognition03 March 2023, Published under Cement NewsDangote Cement has scooped a number of awards in Zambia and Senegal in recognition of its corporate social responsibility actions. In Senegal the Conseil National du Patronat (CNP) acknowledged the cement producer's local subsidiary for planting hundreds of trees to mitigate against desert encroachment in various parts of the country, reports The Day Live. Meanwhile, in Zambia, Dangote’s Ndola subsidiary picked up the Best Community Social Impact Award for Youth Development in recog... |
Fecto Cement posts 35% revenue growth02 March 2023, Published under Cement NewsPakistan’s Fecto Cement Ltd has reported revenue of PKR4145m (US$15.15m) in the six months ended 31 December 2022, marking a YoY increase of 34.8 per cent. Local sales revenue was up 32.7 per cent YoY to PKR3959m, while export revenue advanced by 102 per cent YoY to reach PKR186m. According to the company, the increase was driven by improved selling prices. Over the six-month period, Fecto Cement sold 311,129t, down 13.87 per cent YoY. Local sales volumes fell by 14.7 per cent Yo... |