Cement News tagged under: corporate
Loma Negra reports 1Q22 results09 May 2022, Published under Cement NewsLoma Negra saw its net sales revenue decrease by 5.5 per cent to ARS19.3bn (US$171m) in the first quarter of 2022 as cement and concrete sales declined and improvements in aggregates in the railway segment. Consolidated adjusted EBITDA reached ARS6.484bn, down 11.2 per cent when compared with the 1Q21. The EBITDA margin contracted 214 basis points YoY from 35.7 to 33.6 per cent. The net profit of ARS3.134bn was down 21.3 per cent when compared with the year-ago period. Commenting on the... |
Cementir's 1Q22 regional results boosted by domestic cement sales09 May 2022, Published under Cement NewsIn the1Q22 Cementir’s regional revenues were boosted by Danish sales that reached EUR109m, up 17.7 per cent compared to EUR92.6m in the 1Q21, thanks to sustained demand in all business activities and the increase of sales prices, said Cementir. Cement volumes on the domestic market, both grey and white, increased by around 20 per cent due to growth in all the main market segments, due to favourable weather conditions and the start of new infrastructure projects. Exports of white cement,... |
Dangote volumes up 4% in 1Q2206 May 2022, Published under Cement NewsDangote has reported a 24.2 per cent YoY increase in group revenue to NGN413.2bn (US$995.4bn) in the opening quarter of 2022. Group EBITDA over the same period advanced by 18.6 per cent to NGN211bn giving a margin of 51.1 per cent. Sales volumes for the group fell by 3.6 per cent YoY to 7.2Mt as operations relying on cement and clinker imports, namely Ghana, Sierra Leone and Cameroon, were disrupted by global supply chain issues. Profit after tax in the 1Q22 advanced by 18 per cent YoY to re... |
Cementir reported 1Q22 EBITDA of EUR60.7m06 May 2022, Published under Cement NewsCementir 's EBITDA amounted to EUR60.7m in the 1Q22, an increase of 26.2 per cent compared to EUR48.1m in the 1Q21, following better results achieved to varying degrees in almost all the regions driven to a large extent by the revenue increase as described above. In the first three months of 2022, cement and clinker sales volumes of 2.4Mt were up 1.8 per cent compared to 2021. The increase is attributable to the positive performance of Belgium, Denmark and the United States despite the dec... |
Vertua to account for majority of sales by 2025, says Cemex06 May 2022, Published under Cement NewsCemex has announced the ambitious goal of its Vertua range of low-carbon cement and concrete products accounting for more than half of all cement and concrete sales by 2025. Following their global launch in 2020, Vertua products have been widely accepted by customers worldwide, according to Cemex, with Vertua cement and concrete accounting for 34 and 31 per cent of total sales, respectively, in the 1Q22, almost double the prior year. Vertua’s cement products offer a CO 2 reduction of at... |
Caribbean Cement posts flat 1Q profit06 May 2022, Published under Cement NewsCaribbean Cement Co Ltd in Jamaica has reported a flat profit for its 1Q22 but views the future with optimism. In the January-March 2022 quarter, Caribbean Cement saw a profit of JMD1.59bn (US$10.3m) on a revenue of JMD6.8bn, compared to a profit of JMD1.53bn on JMD5.97bn a year earlier. "CCC remains encouraged about the future, especially given the recent actions by the Government of Jamaica to remove curfews and fully reopen the economy. The company is also heartened by the strong ceme... |
Vicat sees 12% rise in consolidated sales in the 1Q2205 May 2022, Published under Cement NewsVicat has posted a 12.4 per cent uptick at constant scope and exchange rates in 1Q22 consolidated sales to EUR789m when compared with the equivalent year-ago period. The reported YoY change was 11.6 per cent. The company saw solid sales growth in all regions and higher selling prices. In addition, no impact from the Ukraine-Russia conflict on the group’s activity was noted in the 1Q22. Commenting on these figures, the Group's Chairman and CEO, Guy Sidos, said: "Vicat’s first-quarter sales... |
FLSmidth sees strong 1Q22 revenue growth05 May 2022, Published under Cement NewsFLSmidth has reported strong revenue growth in the first quarter of 2022, driven by a high order backlog. Organic group revenue advanced by 23 per cent YoY over the three-month period. Including currency effects, revenue was up 27 per cent to DKK4706m (US$669.65m), primarily due to a 56 per cent increase in capital revenue. Group EBITA improved by 59 per cent to DKK302m, while the group EBITA margin increased from 5.1 to 6.4 per cent. According to the company, much of the revenue growth ... |
Euclid acquires Chryso NA cement grinding aid & additives business05 May 2022, Published under Cement NewsEuclid Chemical Company, a leading manufacturer of concrete and masonry construction products, announced today that it has acquired Chryso's North American cement grinding aids and additives business. Terms of the transaction were not disclosed. The acquired technologies are sold to cement manufacturers to enhance the performance of cement and to reduce CO 2 emissions during its production. Cement is the key ingredient in concrete, the world's most widely used building material. "This... |
HeidelbergCement expands its RMC business in the Czech Republic05 May 2022, Published under Cement NewsHeidelbergCement has acquired six ready-mixed concrete plants and one sand pit via its Czech subsidiary Českomoravský beton from Kámen Zbraslav in the Moravia region in the eastern part of the Czech Republic. All plants have a well-established residential and commercial customer base around the city of Brno, with high demand for sustainable building solutions. With this deal, HeidelbergCement continues to drive forward its portfolio optimisation programme and further expand its footp... |