Cement News tagged under: corporate
Cementos Molins' revenue up 37% YoY in 9M2228 October 2022, Published under Cement NewsCementos Molins has reported revenue of EUR959m in the opening nine months of 2022, up 37 per cent on the same period a year earlier. According to the company, the increase is attributed to higher sales across all businesses and the significant contribution from acquisitions completed in 2021. On a like-for-like basis, revenue advanced by 14 per cent. EBITDA over the same period improved by 11 per cent to EUR208m, on the back of strong performances by the company’s South American and A... |
Lucky Cement reports Pezu expansion on track28 October 2022, Published under Cement NewsLucky Cement Ltd announced that the company’s 3.15Mt brownfield cement expansion at Pezu remains on track to be commissioning by December 2022. A 34MW solar power project is set to be commissioned at the site in the 2Q22-23. The company has also planned a 25.3MW solar power project it its Karachi plant, where it awaits permission from the State Bank of Pakistan to establish a letter of credit. Lucky Cement’s subsidiary in Najmat-Al-Samawah, Iraq, has switched to natural gas from furnace... |
Siam Cement sees sales advance 8% in 3Q2228 October 2022, Published under Cement NewsThailand-based Siam Cement Group (SCG) has reported sales of THB142,391m (US$3774m) in the third quarter of 2022, up eight per cent from THB131,825m in the same period a year earlier. According to the company, the increase has been driven by higher product prices. Net income over the same timeframe fell from THB6817m to THB2443m, while basic earnings per share from continuing operations declined from THB5.68 to THB2.04. In the opening nine months of 2022, sales came in at THB447,419m, ... |
Yanbu Cement posts 4% rise in profit in 9M2227 October 2022, Published under Cement NewsSaudi Arabia-based Yanbu Cement Co has announced net profit after zakat and tax of SAR156.24m (US$41.6m) in the opening nine months of 2022, up 4.38 per cent on the SAR149.69m seen in the same period a year earlier. Revenue over the same timeframe slipped 0.13 per cent YoY from SAR742.87m to SAR741.9m. In the third quarter of 2022, revenue advanced by 26.14 per cent YoY from SAR207.78m to SAR262.1m. Compared to the 2Q22, revenue was up 10.05 per cent. Net profit after zakat and tax came i... |
Taiheiyo Cement to acquire Denka cement business27 October 2022, Published under Cement NewsTaiheiyo Cement Corp is reportedly acquiring the cement business of Denka Co Ltd in March 2023. Denka has decided to exit the cement sector due to rising production costs. The company operates one integrated cement plant with 2.69Mta of cement capacity in Omi , Niigata, Japan. According to research company Nomura, Denka currently has a thee per cent share of the Japanese cement market, but demand there is falling. The company has already lowered its fiscal-year earnings guidance, for... |
Al Jouf posts 74% fall in profit in 9M2227 October 2022, Published under Cement NewsSaudi Arabia's Al Jouf Cement Company has reported a 35.1 per cent YoY increase in revenue in the third quarter of 2022. Revenue advanced from SAR54.9m in the 3Q21 to SAR74.1m in the same period this year. Compared to the 2Q22 revenue has improved by 49.84 per cent from SAR49.5m. Net profit after Zakat and tax in the 3Q22 came in at SAR5.94m, up 43.5 per cent YoY. According to the company this is due to growth in the quantity and value of sales, along with an increase in prices in Septembe... |
Wagners forecasts revenue of AUD220m in 1HFY2227 October 2022, Published under Cement NewsAustralia-based Wagners Holding Company Ltd has issued a market update for the six-month period to 31 December 2022 (1HFY23). According to the company, the update is based on current assumptions and estimates and is subject to the market conditions not materially changing. Revenue for the period is forecast to reach AUD220m (US$142.2m), up AUD49m compared to the AUD171m seen in the 1HFY22. Operating EBITDA over the same period is expected to advance by AUD0.7-1.4m to AUD25-25.7m, while ... |
Airvault modernisation underway27 October 2022, Published under Cement NewsThe first stone of the Ciments Calcia cement plant modernisation project at Airvault , France, was officially laid on 5 October 2022 in the presence of Jon Morrish, general manager of parent company HeidelbergMaterials ’ western and Southern Europe, Bruno Pillon, president of HeidelbergCement France, Emmanuelle Dubée, prefect of Deux-Sèvres and many local personalities. The Airvault 2025 project represents an investment of EUR285m and will see the replacement of two semi-dry kiln lines... |
GCC posts 18% hike in 3Q net profit26 October 2022, Published under Cement NewsGCC reported an 11.8 per cent YoY increase in sales to US$352.8m in the July-September 2022 period from US$315.4m in the year-ago period. EBITDA in the 3Q22 advanced by 6.6 per cent YoY to US$117.4m. Meanwhile, the consolidated net profit of GCC increased by 18.4 per cent YoY to US$69.5m in the 3Q22 when compared with US$58.7m in the 3Q21. “Once again we achieved an extraordinary performance. The results of the third quarter reflect that GCC continues to successfully mitigate the impacts o... |
China Shanshui Cement revenue falls 6.5% in 9M2226 October 2022, Published under Cement NewsChina Shanshui Cement Group Ltd has announced consolidated operating revenue of CNY16,494m (US$2285m) in the first nine months of 2022, down 6.5 per cent from CNY17,571m in the same period last year. Profit attributable to equity shareholders came in at CNY1023m in the 9M22, compared to CNY1780m in the first nine months of 2021. Profit over the same period fell from CNY1862m to CNY1041m. |