Cement News tagged under: corporate
CRH records group sales of US$31bn in 202104 March 2022, Published under Cement News2021 was a year of growth for CRH with positive underlying momentum in North America and Europe resulting in good demand in both regions. Group sales of US$31bn (2020: US$27.6bn) were 12 per cent ahead of 2020 and eight per cent ahead on a like-for-like(LfL) basis. Albert Manifold, CRH CEO, said: " Our 2021 performance reflects the outstanding commitment and resilience of our people as well as the benefits of our integrated, customer-focused business strategy." Americas Materials b... |
Cemex Ventures invests in PartRunner04 March 2022, Published under Cement NewsCemex Ventures has announced its investment in PartRunner, an on-demand delivery platform for the construction and industrial sectors. This transaction is part of Cemex´s strategy to invest in innovative construction start-ups to drive the construction industry revolution. This investment addresses a critical industry pain point of a complicated supply chain, particularly for small and medium-sized projects. This investment aims to offer a last-mile, last-minute delivery solution to Ce... |
Dangote Cement's pan-African sales rise 9% in 202104 March 2022, Published under Cement NewsDangote Cement Group 's total pan-African volume represents 37 per cent of group volumes. Sales volumes across its African operations were 10.9Mt in 2021, up 8.7 per cent. Pan-African revenues of NGN397.3bn (US$955.1m) were 24.7 per cent higher than in 2020 and represented 29 per cent of total group revenue. The region achieved a record-high EBITDA of NGN88.8bn. Cameroon The Douala plant in Cameroon sold 1.4Mt of cement in 2021, up three per cent compared to the same period last year. ... |
Dangote Cement reports group revenue of NGN1383.6bn in 202103 March 2022, Published under Cement NewsDangote Cement reported that for the year ended 31 December 2021, group revenue reached NGN1383.6bn (US$3.327bn), up 33.8 per cent on 2020. The group recorded a record EBITDA of NGN684.6bn. Pan-African EBITDA totalled NGN88.8bn, a rise of 24.6 per cent. Net debt reached NGN225.1bn. In total, manufacturing costs increased by 25.8 per cent to NGN551bn from NGN437.9bn in 2020. Materials consumed cost increased by 30 per cent to NGN175.4bn, while fuel and power cost advanced by 34.4 per cent ... |
Power Cement reports 82% YoY rise in 1H net profit02 March 2022, Published under Cement NewsPower Cement posted a 43.6 per cent increase in revenues to PKR5162m (US$29.1m) in the quarter ended 31 December 2021 (2QFY21-22), up from PKR3595m m in the 2QFY20-21. Operating profit saw a 37.3 per cent hike to PKR961m in the 2QFY21-22 from PKR700m in the equivalent period of the previous year. Net profit advanced 96.7 per cent YoY to PKR471m in the 2QFY21-22 from PKR239.4m. Half-year results In the half year ended 31 December 2021, Power Cement saw its revenues increase by 35.7 pe... |
Menzel Elektromotoren to build new factory02 March 2022, Published under Cement NewsMenzel Elektromotoren has signed the construction contract for a new, larger motor plant in Hennigsdorf, near Berlin, Germany. The manufacturer has experienced substantial growth in recent years and has outgrown its present headquarters in central Berlin. “Our new location will feature state-of-the-art machinery, efficient logistics, larger hoist capacities for optimised production processes and high energy efficiency,” says CEO, Mathis Menzel, on the occasion of the signing of the contr... |
Arabian and Najran Cement take drop in net profits02 March 2022, Published under Cement NewsArabian Cement Co posted revenues of SAR1003m (US$267.5m) in 2021, up 18.5 per cent YoY from SAR871.9m. However, the company saw its net profit after zakat and tax decline by 12.6 per cent to SAR161.5m in 2021 from SAR184.9m in 2020. Meanwhile, Najran Cement Co reported a 6.7 per cent drop in revenues to SAR581.6m in 2021 from SAR623.2m in 2020. Its net profits after zakat and tax fell 17.6 per cent YoY to SAR165.54m in 2021 from SAR200.94m in 2020. |
Pikalevsky launches CEM I delivery in big bags02 March 2022, Published under Cement NewsPikalevsky Cement Co , part of Mikhailovsky Combine of Building Materials, has launched the supply and delivery of CEM I 42.5N cement in 1t big bags. The bags have a soft moisture-proof packaging. The company has launched a closed cement calibration complex, according to Esmerk Russian News. |
Soyuzcement elect new board chairman and executive director02 March 2022, Published under Cement NewsAt the General Meeting of the Union of Cement Producers 'Soyuzcement', Vyacheslav Shmatov, general director of JSC Eurocement group , was appointed to the position of chairman of the Board. Vyacheslav Shmatov has been working in the cement business for over 11 years, managing assets and operating activities of enterprises, and is responsible for the strategic development of one of the largest cement producers in Russia. Meanwhile, Daria Martynkina, PR director of the Siberian Cemen... |
AdBri records revenues of AUD1569m in 202101 March 2022, Published under Cement NewsAdBri reported revenue of AUD1569.2m (US$1135m) compared to AUD1454.2m in 2020 with increased sales volumes experienced for all products other than lime. Strong sales demand was seen across all market segments, including residential, commercial, infrastructure and mining. Reported net profit after tax (NPAT) attributable to members increased from AUD93.7m to AUD116.7m. Net debt increased by AUD65.3m to AUD437.4m at 31 December 2021, representing a leverage ratio of 1.6 times under... |