Cement News tagged under: corporate
Ambuja Cement reports 18% revenue growth20 July 2022, Published under Cement NewsAmbuja Cement has reported revenue of INR39.58bn (US$495.2m) in the April-June 2022 quarter, compared to INR33.42bn in the same quarter a year earlier. EBITDA over the same period fell from INR9.6bn to INR6.85bn, impacted by a significant rise in fuel prices, although this has been partly mitigated by the company's efficiency initiatives under its 'I CAN' programme. Total expenses expanded from INR25.65bn in the April-June 2021 quarter to INR34.87bn in the same quarter this year, with power ... |
HeidelbergCement India sees revenue increase20 July 2022, Published under Cement NewsHeidelbergCement India has posted revenue of INR6001.5m (US$75.1m) in the quarter ended 30 June 2022, compared to INR5664.5m in the same quarter a year earlier. Profit over the same period has contracted from INR686.5m to INR516.1m. Expenses came in at INR5308.4m in the quarter ended 30 June 2022, up from INR4626m in the same quarter in the year-ago period. Power and fuel costs have risen over the same period from INR1345.9m to INR2103.4m. |
Ramco Cements reports rise in revenue in 2021-2220 July 2022, Published under Cement NewsThe Ramco Cements Ltd has reported revenue of INR60.1bn (US$752.3m) in the FY21-22, compared to INR53.03bn in FY20-21. Net profit over the same period has advanced from INR7.61bn to INR8.93bn, while EBITDA has fallen from INR15.82bn to INR13.14bn. In terms of costs, power and fuel accounted for the greatest share in the FY20-22 at 23 per cent, up from 15 per cent in the FY20-21. All other costs remained stable with freight and forwarding expenses accounting for 20 per cent in the FY21-22, ... |
Bedeschi opens a Hong Kong office19 July 2022, Published under Cement NewsBedeschi is proud to announce the opening of the new branch in Hong Kong. Bedeschi Far East Ltd has the mission to assist the local customers and to support the Far East market both for the commercial topics and for the technical matters, said the company. Michele Gatto is the managing director of the new subsidiary in Hong Kong. During the past decades Bedeschi has consolidated its market in the Far East as in China and Taiwan, Vietnam, Philippines, Singapore, Indonesia and Malaysia, Kor... |
China Shanshui Cement issues profit warning19 July 2022, Published under Cement NewsChina Shanshui Cement Group has issued a profit warning for the first half of 2022. Profit attributable to equity holders of the company for the six-month period will decrease by no less than 60 per cent compared the same period a year earlier, according to a report on Dow Jones Newswire. The fall is being blamed on the pandemic, climatic factors, and market demand, which fell in the opening half of the year, resulting in a contraction in both cement sales and operating revenue versus the... |
Dangote Cement partners with UNEP18 July 2022, Published under Cement NewsDangote Cement has formed a partnership with the United Nations Environment Programme, the National Environmental Standards and the Regulations Enforcement Agency as part of its initiatives to promote environmental sustainability. The announcement comes as the company commemorates World Environment Day 2022 at all 14 of its production plants across Nigeria and the rest of Africa, reports The Punch. According to Dr Igazeuma Okoroba, head of sustainability at Dangote Cement, "World Enviro... |
ACC Ltd posts 15% YoY increase in revenue15 July 2022, Published under Cement NewsACC Ltd has posted revenue of INR44.68bn (US$557.9m) in the quarter ended 30 June 2022, compared to INR38.85bn in the same period a year earlier, an increase of 15 per cent YoY. Profit over the same period fell from INR5.34bn to INR2.22bn. Meanwhile, total expenses advanced from INR31.69bn to INR42.21bn with fuel and power costs increasing from INR8.29bn to INR13.1bn. In the half year ended 30 June 2022, revenue came in at INR88.94bn, up from the INR81.76bn posted in the same period a yea... |
Cherat Cement Co sells its hydropower project's feasibility15 July 2022, Published under Cement NewsDirector and Chief Operating Officer of Cherat Cement Co Ltd (CHCC), Yasir Masood, informed the Pakistan Stock Exchange (PSX) on 14 July that Madian Hydro Power Ltd (MHPL) has entered into an agreement with Pakhtunkhwa Energy Development Organization (PEDO) of the KPK government for sale of the feasibility study of Madian, a 148MW hydro power project for total consideration of PKR160m (US$762,485) and has also received the sale consideration. CHCC, owned by Pakistan's Ghulam Faruque ... |
Kohat Cement plans a 10MW solar power plant in Punjab14 July 2022, Published under Cement NewsKohat Cement Co Ltd (KOHC) has informed Pakistan Stock Exchange (PSX) that the Board of Directors of the company has approved the setting up of 10MW solar power plant at its Kohat cement plant, in northern Punjab, says CEO, Nadeem Atta Sheikh. The company’s Board of Directors has also re-appointed Aizaz Mansoor Sheikh as chairman and Nadeem Atta Sheikh as CEO for three years. Financial performance Total dispatches for July-March 2021-22 stood at 2.85Mt compared 1.75Mt in the corre... |
Votorantim Cimentos awards new transport contract to VLI14 July 2022, Published under Cement NewsA new contract has been signed between Votorantim Cimentos and logistics company VLI for the transportation of 625,000t of cement and petcoke. The petcoke, which is imported from the USA, will arrive in Brazil via VLI’s Inacio Barbosa Maritime Terminal. The cement cargo will be transported from Votorantim’s Laranjeiras works in Sergipe to the terminal to be transferred to other Votorantim units. |