Cement News tagged under: corporate
Votorantim Cimentos reports net profits of BRL1.6bn in 202101 April 2022, Published under Cement NewsVotorantim Cimentos ended 2021 with net profit of BRL1.6bn (US$337m), an increase of 244 per cent compared to 2020, primarily due to better operating results with growth in sales in all regions where the company operates and gains related to the consolidation of acquisitions made in North America and Spain. Global net revenue was BRL22.3bn, an increase of 33 per cent compared to 2020, as a result of the combination of favourable pricing dynamics, especially in Brazil and North America, ... |
Cemex expands Florida concrete block business01 April 2022, Published under Cement NewsCemex has announced that as part of its continued strategic growth strategy, it is expanding its concrete block business in Florida, recently restarting two plants and soon restarting a third, while accelerating production to meet heightened construction demand across the state. Over the last year, Cemex USA has invested more than US$17m in its block operations and mobile equipment in Florida to help customers keep up with the explosive growth in the region. The company has restarte... |
Birla's Mukutban plant begins clinker dispatch31 March 2022, Published under Cement NewsBirla Corp ’s newest cement plant, Reliance Cement Co ’s Mukutban integrated plant, has started dispatching clinker. The clinker is being delivered to the company’s nearest grinding unit at Butibori, Maharashtra. Shri Arvind Pathak, MD and CEO of Birla Cement Corp, flagged off the maiden consignment of the clinker-laden truck. The Mukutban plant near Nagpur has a clinker capacity of 2.68Mta and a cement capacity of 3.9Mta. Its captive thermal power plant has a generation capacity of 40MW... |
Holcim to exit Russian cement market30 March 2022, Published under Cement NewsHolcim will leave the Russian market. It is the latest western company to quit the country following Moscow's invasion of Ukraine. Holcim operates three intergrated grey cement plants in Russia consisting of OJSC Volskcement , Kolomna Cement and the Ferzikovo plant. It also has white cement production at Kolomna Cement . "The Holcim Board of Directors has decided to initiate the process to exit the Russian market in line with the company's values to operate in the most responsi... |
Riyadh Cement sees 4% drop in net profits in 202130 March 2022, Published under Cement NewsSaudi cement company Riyadh Cement Co posted a 3.8 per cent decline in net profits after zakat and tax to SAR211.64m in 2021, when compared with 2020 when net profits after zakat and tax reached SAR219.95m. Revenues were up 13.7 per cent to SAR671.06m in 2021 from SAR590.29m in 2020, according to a bourse filing. |
Mannok's sales director becomes vice chairperson of MPANI30 March 2022, Published under Cement NewsPaddy Mohan, Mannok's Cement sales director, has taken the role of Vice Chairperson for the Mineral Products Association Northern Ireland (MPANI), an industry body which represents the entire mineral products industry in Northern Ireland and an organisation which Paddy has been a member of for 24 years. This new role marks an important milestone for Paddy as he previously had to step down from his role of vice chairperson shortly after he was elected in 2009 due to an illness. |
Cemex releases its 2021 integrated annual report29 March 2022, Published under Cement NewsCemex has launched its 2021 Integrated Report: 'Building a Better Future,' which includes a comprehensive analysis of the company’s strategic vision, operational performance, corporate governance, and value creation. The report highlights the company’s essential value of its industrial activity, climate action strategy, commitment to innovation in the industry and unlocking new opportunities, as well as its focus on employee safety and wellbeing. "Despite another year full of unique c... |
Northern Region Cement Co announces net profits of SAR107m in 202129 March 2022, Published under Cement NewsNorthern Region Cement Co has achieved net profits after zakat (charitable donations) and tax worth SAR106.67m (US$28.4m) in 2021, a decline of 1.4 per cent from SAR108.22m in 2020. Revenues fell by 13.7 per cent to SAR561.91m last year from SAR651.48m in 2020. In the 3Q21 the Saudi listed firm reported net profit after zakat and tax worth SAR18.35m, an YoY drop of 14 per cent from SAR21.43m. |
Shree Cement starts commercial production at Baloda Bazar29 March 2022, Published under Cement NewsShree Cement has started commercial production at company's Kiln No 3 clinkerisation unit at Baloda Bazar , near Raipur in Chhattisgarh, India. The facility has a clinker capacity of 12,000tpd (4Mta). Earlier on 16 March, the company announced that it commenced trial run of its new clinker unit. The plant augment company's clinker supply to its various grinding units in eastern region. |
Buzzi Unicem records strong growth in Italy in 202128 March 2022, Published under Cement NewsBuzzi Unicem has announced its consolidated financial results of 2021 which saw cement and clinker sales rise by 6.7 per cent to 31.2Mt from 29.25Mt in 2020. EBITDA reached EUR795m and EBIT stood at EUR546m, an improvement of about four per cent at constant exchange rates. Group ready-mix sales totalled 12.141Mm 3 in 2021, up from 11.743Mm 3 in 2020, a rise of 3.4 per cent. Net sales totalled EUR3.446m, up 6.9 per cent from EUR3.222m in 2020. Consolidated net profit reached EU... |