Cement News tagged under: corporate
Breedon Group reports revenue of GBP671m in 1H2227 July 2022, Published under Cement NewsBreedon Goup's interim 2022 results saw revenue reach GBP671.1m (US$809.1m) up 12 per cent from GBP600.9m in 1H21. EBIT totalled GBP65.5m, up 22 per cent from GBP53.7m, and profit before tax totalled GBP59.5m, up 29 per cent from GBP46.2m. Breedon explained that approximately 20 per cent of the group’s revenue originates from residential construction where housing markets in both GB and Ireland are structurally under-invested and have robust order books. The industrial sector also offers ... |
Yamama sees 9% dip in 1H profits27 July 2022, Published under Cement NewsYamama Cement Co of Saudi Arabia saw its net profit after zakat and tax decline by 9.2 per cent YoY to SAR120.1m (US$32m) in the 1H22 from SAR 132.55m in the 1H21. Sales expanded by 12.5 per cent YoY to SAR430.86m in the 1H22 from SAR382.83m in the year-ago period. In the second quarter of 2022, net profits were up by 16.8 per cent YoY to SAR90.69m from SAR77.68m in the 2Q21. Sales increased by 3.3 per cent to SAR209.28m from SAR202.57m in the 2Q21. |
Cahya Mata Sarawak plans to double its cement capacity27 July 2022, Published under Cement NewsCahya Mata Sarawak (CMS) is looking at doubling its current cement production at the Bintulu grinding plant as the conglomerate plans to ramp up capacity for construction of Indonesia's new capital Nusantara. The Bintulu grinding plant in Sarawak has a current production capacity of 0.75Mta. Regional demand for cement is expected to increase with the Nusantara City project set to be inaugurated in 2024. Indonesian President, Joko Widodo, had said early construction of Nusantara is und... |
Song Lam Cement exports 2.28Mt of cement in 1H2227 July 2022, Published under Cement NewsVietnam-based Song Lam Cement JSC , part of the Vissai Group , exported 2.28Mt of cement in the first half of 2022, according to local media. The Philippines was the largest off-taker of Song Lam cement, importing 713,000t. Other sizeable volumes were bought by China (640,000t) and the USA (628,500t). A further 101,000t was shipped to France and 5000t to Singapore. In terms of production, Song Lam Cement produced 2.53Mt of clinker and 2.84Mt of cement in the 1H22. The company achieved... |
Advent International partners Cemex and invests in NEORIS27 July 2022, Published under Cement NewsAdvent International is partnering with CEMEX to accelerate the growth and development of NEORIS. As a global provider of tech consultancy and digital transformation services, NEORIS will strengthen its capabilities and reach through Advent’s expertise in the space. With Advent’s support, NEORIS will deepen its focus on artificial intelligence, data science, cloud solutions, and automation, etc. These verticals are aligned with CEMEX’s priorities for its continued digital transformat... |
BUA to expand Kalambaina plant27 July 2022, Published under Cement NewsBUA Cement is reportedly in talks with the International Finance Corporation (IFC) over a loan to expand its integrated cement plant in Kalambaina, Sokoto State, Nigeria. According to Reuters, the company is looking to increase the plant's cement production capacity from 2Mta to 8Mta. |
Cementos Pacasmayo shows improved 2Q and 1H results26 July 2022, Published under Cement NewsPeru-based Cementos Pacasmayo SAA announced its consolidated results for the second quarter of 2022 and the six months ended 30 June 2022. 2Q22 In the second quarter of 2022 revenues increased 14.1 per cent YoY on the back of an increase in average prices of bagged cement. Sales volumes of cement, concrete and precast declined 1.9 per cent when compared with the peak levels in the 2Q21. Consolidated EBITDA advanced 33.9 per cent YoY to PEN120.5m thanks mainly to higher operating profit.... |
Huaxin increases Chilanga stake26 July 2022, Published under Cement NewsHuaxin Ltd has increased its shareholding in Zambia-based Chilanga Cement from 75 to 81.19 per cent following the purchase of 50,013,468 shares, according to the Times of Zambia. The company submitted a cash offer to the board of directors of Chilanga Cement to purchase from the minority shareholders, all the remaining 50,013,468 shares that did not own representation of 25 per cent shareholding. |
Lehigh Hanson Inc 'tops-off' the steel section of its Mitchell stack26 July 2022, Published under Cement NewsLehigh Hanson Inc ( HeidelbergCement ) is pleased to announce the placement of the final section of steel for the stack at its new state-of-the-art Lehigh Cement plant in Mitchell , Indiana, USA. The Lehigh plant hosted a ‘topping out’ ceremony on Friday, 22 July 2022, where Lehigh employees, representatives from the construction team, contractors and local dignitaries signed the steel section before it was hoisted to top out the stack. A ‘topping out’ ceremony is a long-standing trad... |
BUA approves dividend and sets 2023 deadline for current expansion projects26 July 2022, Published under Cement NewsBUA Cement Plc shareholders have approved dividends of NGN88.047bn (US$96.3m) for the financial year ended 31 December 2021 at NGN2.60k per ordinary share of 50k each. This approval was given during the company’s 6th Annual General Meeting held in Abuja and comes on the back of a strong financial performance in the year under review, which recorded revenue growth of 22.9 per cent from NGN209.4bn in 2020 to NGN257.3bn in 2021. Profits after tax also rose by 24.5 per cent YoY to NGN90.1bn in... |