Cement News tagged under: corporate
Polysius name and brand returns to Indonesia with new office21 November 2022, Published under Cement NewsOn 15 November 2022, PT thyssenkrupp Polysius Indonesia held its new office inauguration at Tempo Scan Tower, 28th floor, JI.H.R. Rasuna Said No. 3-4, Jakarta, Indonesia. The inauguration ceremony was conducted in the presence of Lukas Schoeneck, regional CEO of Business Unit Polysius in Asia Pacific, as well as Ridwan Setiawan, country manager in Indonesia, who will lead the new office. Speaking at the event, Mr Schoeneck commented, “With this new office, we are celebrating the ret... |
Birla White wall care plant starts operations in Nathdwara21 November 2022, Published under Cement NewsUltraTech Cement has commenced the third Birla White wall care putty plant at Nathdwara, Rajasthan, India with a capacity of 4Mta at a total cost of INR1870m (US$22.8m). The existing two plants are situated at Kharia in Rajasthan and Katni in Madhya Pradesh. The company now has a wall care putty capacity of 13Mta, further strengthening its position in the markets. Along with its existing white cement manufacturing capacity in India and its investment in Ras Al Khaimah Co for Whi... |
Arabian Cement back in profit in 9M2218 November 2022, Published under Cement NewsEgypt’s Arabian Cement Company has reported revenue of EGP3333.9m (US$135.9m) in the first nine months of 2022, up from EGP1568.1m in the same period a year earlier. Profit after tax in the 9M22 came in at EGP244.7m, compared to a loss of EGP24.5m in the first nine months of 2021. Earnings per share over the same period advanced from -EGP0.08 to EGP0.63. Domestic sales accounted for EGP2597.9m of total revenue in the 9M22, with exports (EGP575.9m) and services (EGP160.1m) making up the... |
Holcim appoints new CFO18 November 2022, Published under Cement NewsHolcim haș appointed a new chief financial officer (CFO). Steffen Kindler will join the company, replacing Geraldine Picaud who is leaving Holcim effective from 1 May 2023. Mr Kindler joins Holcim from Nestle where he most recently held the role of CFO for Nestle’s German market. His broad experience spans key business roles, including VP Finance and Control of Los Angeles-based Nestlé Beverages USA, CFO of Nestlé Waters Europe, based in Paris; as well as responsibility for business dev... |
PPC posts 23% drop in EBITDA17 November 2022, Published under Cement NewsPPC Ltd , which is currently finalising its results for the six months ended 30 September 2022, has posted a 23 per cent YoY drop in EBITDA to ZAR728m (US$42.1m) in the six months ended 30 September 2022. Excluding PPC Zimbabwe, EBITDA fell 12 per cent YoY. Net debt continued to improve, coming in at ZAR677m on 30 September 2022, compared to ZAR1009m in March of this year. According to the company, shareholders should expect earnings per share (EPS) for the 2022 six-month period to “diff... |
Cherat Cement's Line 1 BMR project to complete in January17 November 2022, Published under Cement NewsThe balancing, modernisation and replacement (BMR) project of Cherat Cement Co for Line 1 will complete on January 2023. Cherat Cement has stated that works would be completed by January 2023 on the BMR for Cement Line 1 and installing the main crusher at Lakrai village, Nowshera district, Khyber Pakhtunkhwa (KPK) province, Pakistan, according to the latest company report for the period ending on 30 September 2022. Last year, Executive Director and Company Secretary, Abid Vazir, informed ... |
INFORM to open new office in Singapore17 November 2022, Published under Cement NewsINFORM is expanding its international sales activities and services. With INFORM Software Pte Ltd, based in Singapore, the optimisation expert is expanding its presence in Asia. The partner organisation will take over sales and consulting as well as providing support for INFORM software for this region. With the new location in Singapore, opening on 23 November 2022, the software company is continuing on its international expansion journey. "We are further expanding our global network... |
New appointments at the Mineral Products Association17 November 2022, Published under Cement NewsThe Mineral Products Association (MPA) has appointed Jon Flitney as energy and climate change manager. Jon will be working with the MPA Cement Climate Change and CO 2 Reduction group providing support to sector decarbonisation and associated policies. Jon joins from the British Ceramic Confederation (BCC) where he has worked across energy, environment, climate change and decarbonisation policy areas for over six years. He also previously worked on air quality and environmental... |
Star Cement net profit falls QoQ16 November 2022, Published under Cement NewsStar Cement has posted revenue from operations of INR5958m (US$73.6m) in the quarter ended 30 September 2022. This compares to INR6587m in the previous quarter and INR4102m in the quarter ended 30 September 2021. Net profit attributable to shareholders of the company came in at INR235.5m in the September 2022 quarter, down from INR413m in the previous quarter but up from INR229m in the year-ago period. Basic earnings per share came in at INR0.58 in the quarter ended 30 September 2022, m... |
Sanghi Industries sees profit decline YoY in the September 2022 quarter16 November 2022, Published under Cement NewsIndia’s Sanghi Industries Ltd has posted revenue from operations of INR2298m (US$28.3m) in the quarter ended 30 September 2022, down from INR3391m in the previous quarter but up from INR2113m in the same period a year earlier. Profit over the same period has fallen from a gain of INR44.5m in the September 2021 quarter to a loss of INR328m in the quarter ended June 2022 and a further loss of INR443m in the quarter ended 30 September 2022. Basic earnings per share over the same timeframe dro... |