Cement News tagged under: corporate
JSC Oskolcement starts new kiln line and is recognised for its service16 September 2022, Published under Cement NewsJSC Oskolcement ( Mikhailovsky Combine of Building Materials ) in the Belgorod region, Russia, has put into operation a rotary kiln for the production of cement semi-finished products, reports CMPro. The plant has also installed dust-collecting units to prevent air pollution and losses of processed material. Meanwhile, JSC Oskolcement and one of its repairmen, Boris Yangelov, have been listed on the city's Board of Honour. Mr Yangelov was recognised for more than 25 years of work at... |
CBB reports 74% drop in net profit15 September 2022, Published under Cement NewsChilean cement producer Cementos Bío-Bío (CBB) saw a 15.3 per cent increase in sales to CLP155,089m in the first half of 2022 when compared with the CLP134,538m reported for the 1H21. Gross profits declined 12.2 per cent YoY to CLP43,268m in the 1H from CLP49,286m on the back of higher distribution and administration costs. Finance costs increased to CLP4508m in the 1H22 from CLP1380Mt in the year-ago period. Profit before tax fell by 98.4 per cent from CLP10,282m in the 1H21 to CLP156m... |
Hoffmann Green signs exclusive deal with Cemblend15 September 2022, Published under Cement NewsFrance-based Hoffmann Green Cement Technologies , a specialist producer of extremely low-carbon cements, has signed its first partnership agreement in the UK with Cemblend, a supplier of customised cement powder mixes to the UK cementitious industry. From the second half of 2022, Hoffmann Green will supply Cemblend with its clinker-free, decarbonised cements - H-IONA, H-UKR and H-EVA - which Cemblend will then distribute to its customers in the UK and Ireland. According to Hoffmann Green... |
CEMENCO drops its cement prices15 September 2022, Published under Cement NewsLiberia-based CEMENCO has announced a drop in its cement prices. According to the company, the move is in keeping with recent action by the government of Liberia to adjust petroleum prices in the country. Effective from 13 September 2022, the new prices will be US$7.50 for CEM II/B-M 32.5R, US$8.10 for CEM II/B-M 42.5R, and US$9.50 for CEM II 52.5R. CEMENCO has said that a second price reduction may take place on 1 October this year. Last week Liberia’s Ministry of Commerce announced a... |
Private investor ups stake in Arabian Cement14 September 2022, Published under Cement NewsPrivate investor Sadiq Ahmed Sadiq El Sewedy has increased its share in Egypt-based Arabian Cement Company (ACC) from 9.5 per cent to 11 per cent at a cost of US$1.6m. The deal was handled by Al Ahly Pharos and EFG Hermes Holding. The opening six months of 2022 saw ACC post revenue of EGP2.129bn (US$111.2m), significantly up from EGP964.9m in the same period a year earlier. Consolidated profit surged from a net loss of EGP23.28m to a profit of EGP119.49m over the same period. . |
DG Khan Cement sees reduced profit of PKR2.972bn in FY21-2214 September 2022, Published under Cement NewsDG Khan Cement Co Ltd (DGKC) announced the financial result for the FY21-22, posting a profit after tax (PAT) of PKR2.972bn (US$12.7m) compared to PKR3.721bn in the same period last year, depicting a decline of 20 per cent YoY. However, during the 4QFY21-22 (April-June 2022), the company recorded a loss of PKR647m against a profit after tax of PKR873m in the 4QFY20-21. According to AHL Research, the loss incurred during the fourth quarter was primarily due to the recognition of super t... |
Chia Hsin reports 10% increase in August sales14 September 2022, Published under Cement NewsChia Hsin Cement posted revenues of TWD182.371m (US$5.9m) in August 2022, up 9.8 per cent from TWD166.022m in August 2021. In the January-August 2022 period, Chia Hsin’s sales slipped by 4.5 per cent to TWD1388.559m from TWD1453.918m in 8M21. |
Taiwan Cement posts 19% increase in 8M revenues13 September 2022, Published under Cement NewsTaiwan Cement saw a 19.2 per cent advance in revenues to TWD10,689.86m (US$345.9m) in August 2022 from TWD8966.476m in August 2021. In the first eight months of 2022 total revenue edged up 2.5 per cent to TWD68,937.1m from TWD67,307.8m in the 8M21. |
Gujarat Sidhee Cement temporarily suspends clinker unit13 September 2022, Published under Cement NewsThe clinker unit at Gujarat Sidhee Cement Ltd’ s plant in Sidheegram , Gujarat, Inda, will be temporarily shutdown. The stoppage began on 11 September 2022 and will last for 20 days. No reason has been given for the suspension. |
TITAN Cement Group launches CemAI13 September 2022, Published under Cement NewsTITAN Cement Group has launched CemAI, Inc (CemAI), an affiliate company providing the next-generation predictive maintenance solution based on artificial intelligence for the cement industry. The solution is a unique mix of a proprietary licensed software and a continuous monitoring and incident resolution service for entire cement manufacturing lines across the world, claims TITAN. Leveraging on the unique manufacturing experience and digital expertise of TITAN, which has created, succe... |