Cement News tagged under: corporate
RCC Cements Ltd appoints company secretary and compliance officer29 August 2022, Published under Cement NewsIndia’s RCC Cements Ltd has appointed Shimpy Goyal as company secretary and compliance officer, effective from 25 August 2022. Ms Goyal succeeds Ms Bhawna Arora who resigned from the position on 18 August 2022. |
Cemex plans 30% expansion at Caribbean Cement Co26 August 2022, Published under Cement NewsCEMEX plans to expand the production capacity at its subsidiary in Jamaica, Caribbean Cement Co Ltd (CCCL). This expansion aims for an up to 30 per cent increase CCCL’s cement capacity, through an investment of approximately US$40m for the first phase of the project. The announcement was made by CEMEX’s CEO, Fernando A González, during his visit to Jamaica, jointly with the Prime Minister of Jamaica, Andrew Holness, relevant officials of the Jamaican government and key representati... |
South Valley Cement Co posts net loss of 55% in 1H2226 August 2022, Published under Cement NewsSouth Valley Cement Co posted a net loss of 54.50 per cent during the first 1H22 to EGP117.08m (US$31.2m), compared to EGP75.75m in the 1H21. However, sales stood at EGP325.86m in the 1H22, a considerable growth from EGP106.43m in 1H21. In the second quarter of 2022, the cement company reported higher net losses at EGP85.87m from EGP40.05m in the 2Q21. In the meantime, the company’s sales grew to EGP119.71m during 2Q22 from EGP44.30m in the 2Q21. |
Mira SA plans 0.7Mta plant in Cameroon26 August 2022, Published under Cement NewsMira SA will soon launch the construction of an industrial cement plant in the north region of Cameroon. The XAF120bn (US$182.9m) project see the construction of a 0.7Mta clinker production unit. The completion of this project will make Mira SA the second-largest clinker producer in the region, behind Cimencam. In October 2021, the country's Prime Minister, Joseph Ngute, launched the construction of a new Cimencam plant in Figuil. This unit added 0.5Mt of cement to the company’s annu... |
Dongwu Cement appoints executive vice president26 August 2022, Published under Cement NewsChina's Dongwu Cement International Ltd has appointed Mr Xu Zhenghua as executive vice president, effective from 24 August 2022. Mr Xu brings with him extensive experience in business operations and management, having served as general manager and assistant general manager at Shanghai Xinhai Aviation Co Ltd, as well as deputy general manager at Oriental International Logistics Co Ltd. He has also previously held various roles at Shanghai Xinhai International Shipping Agency Co Ltd. |
CRH posts 14% YoY increase in sales in 1H2225 August 2022, Published under Cement NewsCRH has reported a 14 per cent YoY increase in sales to US$15bn in the first half of 2022. EBITDA over the same period has improved by 21 per cent to US$2.2bn, with the EBITDA margin gaining 90bps to 14.7 per cent. Earnings per share have advanced by 36 per cent to US$1.21. First-half profit after tax came in at US$0.9bn, up 29 per cent YoY “CRH has delivered another strong performance with further growth in sales, EBITDA and margin despite a challenging and volatile cost environment. T... |
TPI Polene posts 2Q22 sales growth of 21%25 August 2022, Published under Cement NewsTPI Polene posted a 21 per cent YoY growth in sales in the 2Q22 to THB12.5bn (US$346.2m) and 24 per cent growth in revenues to THB13.6bn, partly thanks to forex gains. Overall, the lower volume sales in some product categories were offset by price adjustments compensating for input costs that have been rising since late 2021. For the 1H22 sales reached THB25bn up 29 per cent YoY. The company’s gross profit and core operating margins, at 28.6 and 22 per cent respectively, were still l... |
Ethiopian investor plans US$1bn cement plant24 August 2022, Published under Cement NewsWorku Ayetenew, a wealthy Ethiopian investor, wants to build a US$1bn cement plant. Mr Ayetenew is seeking a partner for the new cement factory, while he has already requested to lease 150ha of land for the construction of the plant, which is located around Dejene town, Amhara National Regional State, 230km away from the capital. Six companies have already been shortlisted by the company to pick suppliers for the design, supply, construction, erection and commissioning of the plant. “We hav... |
Iskitim buys analyser for grinding department24 August 2022, Published under Cement NewsRussia-based Iskitimcement has purchased a RUB5m X-Supreme 8000 XRF bench top analyser for its grinding department laboratory. The analyser will be used to quickly and accurately determine the content of additives round-the-clock and adjust levels as necessary. The cement company’s central laboratory expects a KFK-3 photoelectric photometer to be used in the chemical analysis of cement and other materials under the GOS 5382-2019 standard before the end of the year, reports Esmerk Russian... |
Adbri increases revenue by 8% in 1H2224 August 2022, Published under Cement NewsAdbri ’s revenue increased to NZD812.4m (US$501.4m) in the 1H22, up eight per cent on 1H21 driven primarily by strong construction and mining sector demand and improved pricing across most products, said the company. Underlying net profit after tax decreased 1.3 per cent to NZD54.3m. Results were impacted by operational challenges associated with extreme wet weather events on the east coast of Australia, anticipated lower lime volumes, higher raw materials, shipping, transport, power and f... |