Cement News tagged under: corporate
Calucem plans a US$35m US calcium aluminate cement plant02 August 2022, Published under Cement NewsSpecialty cement manufacturer Calucem will enter the US market by developing a US$35m manufacturing facility in eastern New Orleans. Calucem (Cementos Molins group) is the world’s second-largest producer of calcium aluminate cement, a high-performance product applied in a variety of commercial and industrial uses. The project will create 70 direct jobs and the Louisiana Economic Development estimates the project also will result in 158 indirect jobs, for a total of 228 new jobs for Louis... |
Najran Cement sees drop in quarterly profit02 August 2022, Published under Cement NewsNajran Cement Co of Saudi Arabia reported a net profit after zakat and tax of SAR13.3m (US$3.5m) in the second quarter of 2022, down 59.3 per cent when compared with SAR32.7m in the 2Q21. Sales in the 2Q22 declined to SAR108.1m from SAR131.6m in the 2Q21. The drop in profit was attributed to increasing production costs as well as selling and distribution expenses. |
Holcim acquires SES insulation and roofing business02 August 2022, Published under Cement NewsHolcim has successfully completed the acquisition of SES Foam LLC, the biggest independent spray foam insulation company in the US with 2022 estimated net sales of US$200m. SES has a track record of double-digit growth, with advanced energy-efficiency and bio-based solutions for new and green retrofitting projects. Jamie Gentoso, global head Solutions & Products: “I warmly welcome all SES employees into the Holcim family. With SES’ leadership in thermal insulation, we are expanding our... |
Iskitimcement produces 0.53Mt of cement in 1H02 August 2022, Published under Cement NewsRussia-based Iskitimcement produced 528,000t of cement in the 1H22, up six per cent when compared with the 1H21. Of this total, CEM I 42.5B cement accounts for 42 per cent, CEM II/A-SH 32.5B cement for 22 per cent, CEM 0 42.5B cement for 13 per cent and cement for road construction for seven per cent. Company sales totalled 515,000t, of which 408,000t was shipped in bulk and the remainder in paper and big bags. Most of the cement – 334,000t – was delivered to the customer by truck, but... |
Al Jouf Cement appoints new chairman02 August 2022, Published under Cement NewsSaudi Arabia-based Al Jouf Cement has appointed Abdullah Bin Odeh Al-Ghabeen Al-Enezi as chairman. Mr Bin Odeh Al-Ghabeen Al-Enezi succeeds Eng Mohammed Bin Saeed Al-Attiyah. |
Orient Cement profit hit by fuel costs01 August 2022, Published under Cement NewsOrient Cement has recorded unaudited revenue from operations of INR7139.3m (US$90.1m) in the quarter ended 30 June 2022. This compares to INR6909m in the same period a year earlier. Total expenses over the same period, however, advanced from INR5558.7m to INR6560.5m, mainly driven by soaring power and fuel costs which advanced from INR1320.8m to INR2286.8m. As a result, net profit for the quarter ended 30 June 2022 came in at INR3741.7m, down from the INR8945.8m seen in the same peri... |
SigmaRoc records revenue of GBP28m in 1H2201 August 2022, Published under Cement NewsSigmaRoc recorded 1H revenue of GBP248m, up 18 per cent over 2021 on an adjusted like-for-like basis. 1H22 underlying EBITDA totalled GBP48m, up six per cent over 2021. The group delivered 1H22 revenue of GBP248m (US$302m), representing an 18 per cent like-for-like increase over the same period last year. First-half EBITDA was GBP48m, ahead six per cent on a like-for-like basis over 1H21, giving an 19.2 per cent EBITDA margin for the period which benefitted from the effectiveness of co... |
HeidelbergCement’s Group revenue rises 11% in 1H2229 July 2022, Published under Cement NewsHeidelbergCement Group's revenue rose significantly by 11.3 per cent to EUR9950m (1H21: EUR8938m) in comparison with the first half of the previous year. Excluding consolidation and exchange rate effects, the increase amounted to 11.6 per cent. This is primarily due to successful price adjustments in all business lines, says HeidelbergCement. "The first half of 2022 was characterised by the strong increase in energy and raw material prices. In this persistently difficult market envi... |
Eagle Materials sees record revenue29 July 2022, Published under Cement NewsEagle Materials has reported 18 per cent YoY growth in revenue to US$561.4m in the first quarter of fiscal 2023 ended 30 June 2022. This record result is being attributed to healthy construction activity in all markets and broad pricing gains across the company’s portfolio. Record net earnings were also seen, coming in up 10 per cent YoY at US$105m, while adjusted EBITDA over the same period advanced by 13 per cent to US$184.1m Revenue in the heavy materials sector, which includes cement,... |
CEMEX reports 2Q22 net sales growth of 11%29 July 2022, Published under Cement NewsCEMEX has announced continued solid top line growth, with second quarter net sales growing 11 per cent to US$4080m in the 2Q20. Pricing was the main driver with prices of cement, ready-mix and aggregates increasing 16,12, and 14 per cent, respectively. With a difficult second quarter 2021 comparison base, EBITDA decreased by eight per cent to US$723m, primarily due to higher energy costs and supply chain disruptions. Cemex group’s net income totalled US$265m in the 2Q22. “I a... |