Cement News tagged under: corporate
Anhui Conch reports drop in profit in 202128 March 2022, Published under Cement NewsChina-based Anhui Conch saw its profit slip to CNY33.3bn (US$5.2bn) in 2021 when compared with CNY35.19bn in the previous year, according to Dow Jones Newswires. The company’s revenue in 2021 declined to CNY167.95bn, down from CNY176.29bn in 2020, as market demand softened. Anhui Conch said it expects to continue to face low market demand this year, as well as high raw material and energy costs. |
Shiva Cement received environmental clearance for Orissa plant expansion28 March 2022, Published under Cement NewsIndia-based Shiva Cement , owned by JSW Cement , has received environmental clearance from the Ministry of Environment, Forest and Climate Change to expand its cement plant in Kutra, Orissa, to 3Mta clinker capacity and 2Mta cement capacity. The project includes the installation of a 12MW waste heat recovery power generation system. The company will mine limestone from the Khathurbahal North block with a production capacity of 1.6Mta limestone and 0.035Mta mineral reject, 0.033Mta of top... |
Suez Cement Group appoints new CEO28 March 2022, Published under Cement NewsEffective 1 May, José Maria Magrina, who led the Suez Cement Group of Companies as CEO for the last six years, will leave the company and start a new position with HeidelbergCement Trading as CEO. Mr Magrina has vast international experience in various executive roles. His professional career started at PricewaterhouseCoopers as a management consultant. Two years later, he joined Deloitte in a similar position where he focused on supply chain optimisation, market research and strat... |
PPC Zimbabwe forecasts 25% rise in domestic cement demand25 March 2022, Published under Cement NewsPPC Zimbabwe has projected a 25 per cent increase in cement demand in the local market spurred by government funded projects and rising retail demand. Zimbabwe’s government attributes the increase in cement demand to the sharp rise in housing construction and private sector-led infrastructural development programmes that have pushed demand for Zimbabwe’s cement makers. In an operational update for the 12 months ending 31 March 2022, PPC Zimbabwe said the local operations continue to ... |
SigmaRoc records turnover of GBP49.3m in 202125 March 2022, Published under Cement NewsBuilding material producer SigmaRoc plc has announced its audited results for the year ended 31 December 2021 with turnover more than doubling to GBP272m and underlying EBITDA rising to GBP49.3m. The group’s trading and operational performance for 2021 was solid. Overall, on a LfL basis, the value of upstream quarried materials sold increased by two per cent. Value added product sales increased by 14 per cent, with value added services increasing by 16 per cent. These figures include th... |
Flying Cement Co awarded long-term mining lease in Punjab25 March 2022, Published under Cement NewsFlying Cement Co Ltd has informed Pakistan Stock Exchange (PSX) recently that the Directorate General of Mines & Minerals (Punjab) has granted the company a long-term mining lease for limestone over an additional area of 714ha (1765 acres) of land situated near to factory site, Dhok Meharwal in District Khushab, Punjab, Pakistan. This will add remarkable value to the company’s vision in the implementation plan of achieving constant future growth. Accordingly, the company would be... |
Holcim Philippines' net income reaches PHP2.6bn in 202124 March 2022, Published under Cement NewsHolcim Philippines ( Holcim group ) saw higher profits in 2021 as it shielded margins from higher costs by raising prices. Holcim Philippines President and CEO, Horia Adrian, said ‘cost mindfulness’ and a tighter focus on operations and innovation would protect the company’s bottomline through 2021. The company underscored growth last year despite challenges arising from lower demand during the pandemic and the surge in costs of energy and fuel that were key inputs in the production ... |
China Resources reports turnover of HKD44bn in 202124 March 2022, Published under Cement NewsChina Resources Cement announced consolidated turnover amounted to HKD44bn (US$5.62bn) in 2021, representing an increase of 9.7 per cent over the previous year. Profit amounted to HKD7.8bn, or a decrease of 13.3 per cent when compared with 2020. External sales volumes of cement, clinker and concrete reached approximately 81.3Mt, 3.3Mt, and 14.8Mm 3 , respectively, in 2021. The capacity utilisation rates of cement, clinker and concrete production lines were 93.6, 100.6 and 40.9 per cent, r... |
China Tianrui Group Cement posts 2021 profit of CNY1.2bn24 March 2022, Published under Cement NewsChina Tianrui Group Cement Co Ltd has reported a profit attributable of CNY1.2bn (US$188.4m) in 2021 when compared with CNY1.86bn in 2020. The company’s revenues increased to CNY12.72bn in 2021, up from CNY12.17bn in 2020, according to Reuters. |
Tabuk Cement Co sees profits fall by 65% in 202124 March 2022, Published under Cement NewsSaudi Arabia’s Tabuk Cement Co saw its profits drop by 65 per cent in 2021 on the back of lower sales. Profits of the company dropped from SAR51.6m(US$13.8m) to SAR17.8m, according to a bourse filing. This came as sales fell by 17.3 per cent to SAR229m. |