Cement News tagged under: corporate
Cementir's 1H22 boosted by Danish results29 July 2022, Published under Cement NewsCementir' s sales in the 1H22 were led by Denmark, where sales revenue in the 1H22 reached EUR233.3m, up 14 per cent from EUR204.5m in the 1H21, due to sustained demand in all business segments, particularly in cement, and higher sales prices. Cement volumes in Denmark, both grey and white, increased by about 14.5 per cent YoY in the 1H22 due to growth in all major market segments, favourable weather conditions and the start of new infrastructure projects. Exports of white cement ... |
Holcim’s Russian assets raided29 July 2022, Published under Cement NewsHolcim has reported a raiding attempt on its Russian assets, according to Kommersant daily and RIA Novosti. Unidentified people have filed documents with the Federal Tax Service to change the structure of the legal entities owned by Holcim. In March, Holcim announced it would leave the Russian market following Russia’s invasion of Ukraine. Now, following the decision of the Leninsky district court of the Chechen capital Grozny, the benefactors of its Russian divisions have reportedly cha... |
Andrew Keating leaves CRH29 July 2022, Published under Cement NewsAndrew Keating, previously director of group finance at CRH, has left the company. The former Bank of Ireland chief financial officer joined the building materials company three years ago, reporting to Jim Mintern. Mr Keating reportedly left CRH at the end of June this year to pursue other opportunities, reports The Irish Times. |
Cementir's revenue totals EUR805m in the 1H2228 July 2022, Published under Cement NewsCementir's revenues from sales and services reached EUR805.2m (US$821.7m), an increase of 21.2 per cent compared to EUR664.5m in the 1H21. The increase in revenue is mainly due to price increases reflecting higher costs of fuel, electricity, raw materials, transport and services. EBITDA reached EUR154.7m, up 15.9 per cent from EUR133.5m in the 1H21. During the first six months of 2022, Cementir’s cement and clinker sales volumes amounted to 5.4Mt, dropping by 0.8 per cent compared to t... |
Cementos Molins reports on 35% rise in revenue in 1H2228 July 2022, Published under Cement NewsCementos Molins has reported revenue of EUR608m in the first half of 2022, up 35 per cent on the same period a year earlier, driven by higher activity in South America and acquisitions in 2021. On a like-for-like basis of currencies and consolidation scope, revenue advanced by 12 per cent. EBITDA in the 1H22 reached EUR132m, marking a six per cent advance on the 1H21, mainly due to the improvement of business outside Europe, the contribution from acquisitions, and the positive exchange ra... |
Vicat reports 13% rise in 1H sales but rising energy costs affect EBITDA28 July 2022, Published under Cement NewsVicat reported a 12.5 per cent increase in first-half sales to EUR1755m (US$1790.6m) in the January-June 2022 period when compared with the 1H21, when sales reached EUR1560m. At constant scope and exchange rates, the advance was 14.5 per cent. However, in the 1H22 EBITDA declined by 10.4 per cent YoY (9.8 per cent at constant scope and exchange rates) to EUR269m from EUR300m in the 1H21. The EBITDA margin retreated to 15.3 per cent from 19.2 per cent in the year-ago period. The company... |
JK Lakshmi Cement sees revenue gain28 July 2022, Published under Cement NewsJK Lakshmi Cement has reported unaudited standalone revenue from operations of INR15,510m (US$194.3m) in the three months ended 30 June 2022, compared to INR12,315m in the same period a year earlier. Total expenses over the same period advanced from INR10,871m to INR14,060m with power and fuel expenses rising from INR2413m to INR3659m, and transport, clearing and forwarding charges increasing from INR2483m to INR3120m. EBITDA in the three months ended 30 June 2022 came in at INR2243m, ... |
UWCL reports on revenue rise28 July 2022, Published under Cement NewsIndia's Udaipur Cement Works Ltd (UWCL) has reported unaudited revenue from operations of INR2781.1m (US$34.8m) in the quarter ended 30 June 2022, compared to INR2163.3m in the same period a year earlier. Total expenses over the three-month period came in at INR2594.4m, up from the INR1951.9m seen in the same quarter in 2021. Cost of materials consumed had jumped from INR272.7m in the quarter ended 30 June 2021, too INR318.5m in the same period this year. Meanwhile, power and fuel expen... |
Yanbu Cement 2Q profits down 25% in 1H2228 July 2022, Published under Cement NewsSaudi Arabian cement producer Yanbu Cement Co reported a 24.5 per cent fall in its net profits after zakat and tax to SAR86.97m (US$23.2m) when compared with the 1H21, when the company achieved profits of SAR115.23m. Revenues were down by 10.3 per cent to SAR479.8m in the 1H22 from SAR353.09m in the 1H21. While second-quarter revenues slipped by 1.9 per cent YoY to SAR238.17m from SAR242.69m in the 2Q21, 2Q22 net profits after zakat and tax advanced 14.9 per cent to SAR48.04m from SAR41.... |
Holcim reports on record results in 1H2227 July 2022, Published under Cement NewsHolcim has reported record sales on CHF14,681m (US$15,273m) in the first half of 2022, marking a 16.9 per cent increase YoY, driven by sales growth in all segments. Net sales in the second quarter alone were up 13.6 per cent YoY to CHF8240m. Record recurring EBIT was also seen in the 1H22, coming in at CHF2173m, up 9,6 per cent YoY. This was attributed to a robust improvement in profitability in the company's Solutions & Products segment and strong recurring EBIT margin expansion in North ... |