Cement News tagged under: corporate
Holcim Philippines reiterates commitment to decarbonisation02 March 2023, Published under Cement NewsHolcim Philippines, Inc has reiterated its readiness to support partners in decarbonising construction and putting up affordable homes and called for cooperation to accelerate the shift towards more sustainable practices. Holcim Philippines’ president and CEO, Horia Adrian, emphasised the important role of the construction industry in reducing the country’s carbon emissions. He noted that building materials account for 30 per cent of the carbon footprint of structures so it is necessary... |
MP Birla Cement opens first ready-mix plant02 March 2023, Published under Cement NewsMP Birla Cement has launch its first ready-mix concrete plant at Lucknow, Uttar Pradesh, India. Present at the opening were stakeholders led by the company’s MD, Mr Sandip Ranjan Ghose. Produced in fully computerised automated batching plants with advanced testing, MP Birla Cement Perfect Plus RMC caters to the construction requirement of residential and commercial projects like high-rise buildings, bridges, roads, airport runways and metros. |
Abyssinia Cement ownership moves to ZayRide founders02 March 2023, Published under Cement NewsThe founders of Ethiopia’s pioneer taxi service, ZayRide, have added Abyssinia Cement to their investment portfolio for ETB600m (US$11.2m), according to Capital Ethiopia. Abyssinia Cement operates a 0.85Mta integrated cement plant at Chanco, 45km north of the capital Addis Ababa in the Oromia region. Habtamu Tadesse, CEO of ZayRide, said that the cement industry was one of the country’s increasingly lucrative businesses and said in terms of running costs, he expects to pay out ETB150m.... |
Dangote Cement’s pan-African operations sales fall 8% in FY2201 March 2023, Published under Cement NewsDangote Cement ’s pan-African operations sold around 10Mt of cement and clinker in 2022, down 8.1 per cent from the 10.9Mt sold in 2021. “This is due to the continuous global supply chain disruption and increasing commodity prices,” said Dangote Cement. Pan-African revenues of NGN414.8bn (US$900.8m) were 4.4 per cent higher than 2021. The region’s revenue accounted for 25.6 per cent of total group revenue. Pan-Africa EBITDA was NGN64.9bn (before central costs and eliminations), down 26.9 p... |
Taiheiyo’s Jiangnan-Onoda suspends cement business in Nanjing, China01 March 2023, Published under Cement NewsTaiheiyo Cement Corp announced that its consolidated subsidiary Jiangnan-Onoda Cement Co Ltd has decided to suspend the cement manufacturing and sales business in Nanjing City, China. The competitive environment in China has become increasingly challenging due to the technical advances in local capital and the expansion of the scale of its production base. Therefore, Taiheiyo Cement has decided to suspend the operations of Jiangnan-Onoda Cement to focus on the policy set out in the group... |
Cemento Polpaico sees 70% drop in profits in 202201 March 2023, Published under Cement NewsChile’s Cemento Polpaico , owned by the Hurtado Vicuña Group , reported a 16.9 per cent increase in revenue in 2022 to CLP368,391m when compared with 2021 when revenue reached CP315,273m. The company sold 2,028,816t of cement, down 9.6 per cent YoY, while concrete sales reached 3,287,348m 3 , down three per cent YoY. However, net profits were down 70 per cent YoY to CLP3921m in 2022 from CLP12,901m in the previous year. "The year 2022 presented less dynamism in the sector of constructi... |
National Cement Co Ltd to open 2.5Mta clinker plant in Kenya01 March 2023, Published under Cement NewsKenya-based National Cement Co Ltd (NCC) has announced it will open a new clinker plant in September 2023. Located in West Pokot, the new plant is expected to have a clinker capacity of 2.5Mta. NCC owner, Narendra Raval, has said following commissioning of the plant, the company will be one of the largest producers of clinker in Africa and plans to export clinker to countries in the region that have a deficit. The feasibility study for the project, commissioned in 2010 by the Kerio Vall... |
Shree Cement wins coal mine auction01 March 2023, Published under Cement NewsIndia’s Shree Cement Ltd has been named as the highest bidder for the Datima Coal Mine Block, located in Surajpur Tehsil, Surguja District, Chattisgarh. The block was auctioned by the Ministry of Coal, Government of India, on 27 February 2023. The mine has geological reserves of 13.3Mt. According to the company, it has participated in the coal block auction with the intent of creating fuel security through long-term fuel supply sourcing options for its operations while having flexibilit... |
Dangote Group posts 17% revenue rise in FY2228 February 2023, Published under Cement NewsDangote Cement Group announced revenues us 17 per cent to NGN1618.3bn (US$3.51m) in FY22 and EBITDA up 3.5 per cent at NGN708.2bn. Profit after tax increased by 4.9 per cent to NGN382.3bn. Net debt at the end of the period totalled NGN422.8bn with a net gearing of 39.2 per cent. Nigerian operations sold 17.8Mt of cement and clinker during the period, down 4.1 per cent from the 18.6Mt sold in 2021. When looking at the domestic sales alone, Nigerian operations sold 17Mt, down 3.8 per cent Y... |
Adbri reports 8% rise in revenue in 202228 February 2023, Published under Cement NewsAdbri has reported an 8.4 per cent YoY increase in revenue in 2022 to AUD1.7bn (US$1142m), driven by price increases and volume growth across most product lines. Statutory net profit after tax came in at AUD102.6m, down from AUD116.7m in the previous year, due to higher operating costs as a result of inflation, particularly energy costs and wet weather events. Capital expenditure in 2022 stood at AUD255.1m, up from AUD140.5m in the previous year, due to the spend on the Kwinana Upgrade p... |