Cement News tagged under: corporate
Royal White Cement increases US Southwest throughput capacity01 November 2022, Published under Cement NewsUS-based Royal White Cement plans to construct a 100,000tpa terminal on the Houston Ship Channel in Texas, USA to transfer cementitious materials to truck tankers or rail cars. Located near the mouth of the channel, the facility will be built on a 23.8-acre site of Industry Realty Group (IRG), repurposing three structures previously used for fertilisers. The property features a draught of (12.8m (~42ft) and a 262.7m (862ft) waterway frontage, plus extensive rail infrastructure for up t... |
Anhui Conch sees revenue fall 30% in 3Q2231 October 2022, Published under Cement NewsAnhui Conch has reported revenue of CNY29,052m (US$4006m) in the third quarter of 2022, down 29.6 per cent on the same period a year earlier, after adjustment. Net profit attributable to equity shareholders over the same period declined by 65.3 per cent to CNY2578m. This has been attributed to rising energy costs, particularly coal prices, and a decline in the sales price of the group’s products. Basic earnings per share have contracted from CNY1.40 in the 3Q21 to CNY0.49 in the same perio... |
CEMEX's net sales grow 13% in 3Q2231 October 2022, Published under Cement NewsCEMEX announced continued solid top line growth in the 3Q22. Net sales grew by 13 per cent to US$3,956m while net income of reached US$494m. Pricing was the main driver with cement, ready-mix and aggregates, increasing by double digits. “Our pricing achievements this year have allowed us to more than offset inflationary costs in dollar terms, but stubbornly high inflation and supply chain headwinds have delayed our ability to regain margins. We are fully committed to margin recovery an... |
BUA Cement 's revenue rises by 41% in 9M2231 October 2022, Published under Cement NewsBUA Cement ’s revenue in 9M22 increased by 40.5 per cent to NGN262.6bn (US$5.99m) from NGN186.9bn as at 9M21. Operating profit increases by 31.1 per cent to NGN99.2bn from NGN75.7bn as at 9M21. Profit before tax increased by 19.5 per cent to NGN88.8bn from NGN74.3bn as at 9M21. |
Dandot Cement Co expects to complete BMR in 3QFY2331 October 2022, Published under Cement NewsDandot Cement Co Ltd Company Secretary, Muhammad Kamran, recently released a progress report on the Pakistan Stock Exchange (PSX) of Balancing Modernisation of Replacements (BMR) of 504,000t of cement plant at Jehlum in Punjab, Pakistan. Cement production has remained suspended due to the closure of plant operations for BMR activity since September 2019. The total cost of BMR is PKR5.8bn (US$26.1m) and is likely to be completed by March 2023. The company is also planning to add a 5MW sola... |
Arabian Cement revenue up 8% in 3Q2231 October 2022, Published under Cement NewsArabian Cement has recorded an eight per cent increase in revenue to SAR241m (US$64.2m) in the third quarter of 2022, compared to the same period a year earlier. Profit over the same timeframe has advanced by 57 per cent to SAR59m. Results for the opening nine months of 2022 show a six per cent YoY uptick in profit, despite sales declining by six per cent. Profits for the nine-month period came in at SAR146m, versus SAR138m in the 9M21, according to Arab News. The rise in profits is be... |
Eagle Materials posts 19% rise in revenue in 2QFY2328 October 2022, Published under Cement NewsEagle Materials has posted a 19 per cent YoY increase in revenue to a record US$605m in the second quarter of fiscal year 2023 ended 30 September. Record net earnings of US$139m were also seen over the same period, up 36 per cent YoY. Adjusted EBITDA advanced 21 per cent to US$227m. Commenting on the results, Michael Haack, president and CEO of Eagle Materials, said, “At this unique time in the US markets, we are pleased to report second quarter results that once again exceeded our exp... |
Heidelberg Materials signs global licence agreement with Leilac28 October 2022, Published under Cement NewsHeidelberg Materials has signed an indefinite global licence agreement with the technology company Leilac, enabling the future scale-up of the joint carbon capture, utilisation and storage (CCUS) activities. The agreement sets out the terms of use for the company’s carbon capture technology in Heidelberg Material’s operations. Leilac provides a highly efficient, low-cost capture solution for unavoidable CO 2 process emissions in cement production. The agreement is the result of a longst... |
TITAN raises targets to limit global warming28 October 2022, Published under Cement NewsTITAN Group has not only reported robust decarbonisation results, it has also strengthened its commitment to net zero and updated its science-based CO 2 targets to levels aligned with limiting the global temperature increase to 1.5°C. According to the company, its new targets have been submitted to the Science Based Targets initiative (SBTi) for validation. In the third quarter of 2022, the group reduced its net CO 2 emissions by 5.5 per cent, or double the pace achieved in the equiva... |
Fauji Cement commissions Nizampur Line 328 October 2022, Published under Cement NewsFauji Cement Co Ltd (FCCL) informed the Pakistan Stock Exchange that on 27 October it successfully commissioned the third production line at its existing plant in Kahi Village, Nizampur, Khyber Pakthunkhwa. The new line has a clinker production capacity of 6500tpd. The project will bring the total cement production capacity of FCCL to more than 8.4Mta, according to Company Secretary, Brig Abid Hussain Bhatti. The project was completed within planned time and budget. |