Cement News tagged under: corporate
Sagar Cements sees profits tumble in 202224 January 2023, Published under Cement NewsIndia's Sagar Cements Ltd (SCL) has reported unaudited consolidated revenue from operations of INR5757.3m (US$70.7m) in the quarter ended 31 December 2022, up from the INR3336m seen in the same period a year earlier. However, a net loss of INR271.9m was recorded over the three-month period, compared to a profit of INR97.8m in the comparable period in 2021. Over the same period, power and fuel expenses jumped from INR1330m to INR2095.1m. In the nine months ended 31 December 2022, unaudi... |
UltraTech Cement Ltd posts consolidated net sales of INR152,990m in 3QFY2223 January 2023, Published under Cement NewsUltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results for the quarter ended 31 December 2022. Consolidated net sales totalled INR152,990m (US$1.88bn) compared to INR127,100m over the corresponding period of the previous year. Profit after tax was INR10,580m as compared to INR11,730m in the 3QFY21-22, resulting in subdued margins. Domestic grey cement sales volume rose 13 and 12 per cent QoQ, respectively. Energy and raw material costs were up 33 and 13 pe... |
Holcim extends aggregates reach with US acquisition23 January 2023, Published under Cement NewsHolcim has acquired the sand and aggregates quarries of Pioneer Landscape Centers, a market leader in the fast growing metropolitan US markets of Denver, Phoenix and Colorado Springs and a major supplier of construction aggregates for the region. The transaction includes thirteen quarries and complements Holcim’s December 2022 acquisition of aggregate reserves in Greeley, Colorado. According to the company, the acquisitions will support Holcim’s growth in the region for several decades... |
Beumer appoint new centre of competence divisional director23 January 2023, Published under Cement NewsSince the beginning of the year, Kay Wieczorek has headed BEUMER’s Centre of Competence (CoC) Product Business as divisional director. CoC Product Business is responsible for the cement, building materials, chemicals and fast-moving consumer goods (FMCG) divisions. The 38-year-old studied Sales Engineering and Product Management at the Ruhr University in Bochum, Germany. He has been with the BEUMER Group since 2014. Until the end of last year, he was responsible for cement division sales. E... |
Holcim receives EUR328m funding for CCUS projects20 January 2023, Published under Cement NewsHolcim has received EUR328m (US$355.36m) in funding from the European Union's Innovation Fund for two carbon capture, utilisation and storage (CCUS) projects. The schemes in Poland and Germany are part of Holcim's net-zero roadmap, including over 50 CCUS projects worldwide, and put the company one step closer to creating one of the world’s first climate-neutral cement plants. Miljan Gutovic, region head Europe at Holcim, said, “As a global leader in building solutions, Holcim is on a m... |
Cementos Artigas commissions new grinding plant20 January 2023, Published under Cement NewsCementos Artigas has started up its new grinding and dispatch plant in Minas, Uruguay. The US$40m investment represents significant improvements in terms of cost efficiency and environmental performance and will bring the company’s total cement production capacity to 0.67Mta. The new plant includes a new high-efficiency vertical cement mill, a multi-compartment silo and a high-productivity bulk dispatch facility. This will allow the company to expand its product portfolio while reducing... |
Cementos Portland Valderrivas plans EUR5.48m Hontoria investment20 January 2023, Published under Cement NewsCementos Portland Valderrivas plans to invest EUR5.48m in the installation of a chlorine bypass at its plant in Hontoria , Palencia, Spain. The bypass will enable the plant to increase the use of alternative fuels and reduce its carbon emissions. While still awaiting final company sign-off, the project has been approved by the General Secretariat for Industry and will receive a subsidy of EUR0.54m. |
Pakistan exports to the USA for the first time20 January 2023, Published under Cement NewsPakistan’s DG Khan Cement Co (DGKCC) has announced that it will export 600,000t of low-alkali cement to the USA each year. This marks the first time Pakistan has exported cement to the USA, according to Farid Fazal, executive director, DGKCC. The first consignment of 50,000t was dispatched in June 2022, with a second shipment of 37,500t leaving for Houston this month. The third delivery will leave for the US in February this year. Pakistan has become one of 25 countries exporting cemen... |
Asia Cement forecasts 75% fall in profit20 January 2023, Published under Cement NewsAsia Cement (China) Holdings Corp has issued a profit warning stating that its unaudited profit attributable to equity holders for 2022 is expected to decline by approximately 75 per cent YoY. This is being blamed on a fall in sales volumes and selling prices of the company’s products, along with an increase in the cost of coal, compared to 2021. Full results for 2022 will be published at the end of March 2023. |
Italcementi is moving its HQ and embracing new brand name20 January 2023, Published under Cement NewsItalcementi is moving its executive offices in Italy from the Kilometro Rosso district in Bergamo to the Milan metropolitan area and preparing to embrace the new global ‘ Heidelberg Materials ’ brand. “In an increasingly global world,” explains Roberto Callieri, CEO of Italcementi, “an ambitious company must have the foresight to make important choices for its future, such as that of getting even closer to the most important economic centre of our country and like that of adopting ... |