Cement News tagged under: corporate
Dewan Cement returns to profit in 2QFY21-2201 March 2022, Published under Cement NewsPakistan-based Dewan Cement Ltd posted a turnover of PKR4149.6m (US$23.4m) in the quarter ended 31 December 2021 (2QFY21-22), up from PKR931.6m in the 2QFY20-21. In the 2QFY21-22, the company achieved an operating profit of PKR68.8m, an improvement when compared with the PKR334.5m loss in the 2QFY20-21. Net profit reached PKR130.7m, up from a loss of PKR266.6m in the equivalent period of the previous year. |
East African Portland Cement narrows half-year loss01 March 2022, Published under Cement NewsKenya-based East African Portland Cement Co , owned by Holcim , has narrowed its half-year loss to KES907.1m (US$8m) in the six months to December 2021 from KES1.035bn in the equivalent period of the previous year. This was achieved despite a decline in the company’s revenues to KES967.7m in the 1HFY21-22 from KES1.4bn in the 1HFY20-21. The company attributed the improved loss result to a cost containment drive. Administration and selling expenses were down by nearly two per cent to KE... |
Misr Beni Suef Cement net profit surges to EGP169m in 202101 March 2022, Published under Cement NewsEgypt-based Misr Beni Suef Cement reported a net profit after tax of EGP169.05m (US$10.8m) for 2021, surging from EGP76.38m in 2020, according to the company’s financial statement filed to the Egyptian stock exchange (EGX). Sales slipped to EGP1.12bn last year from EGP1.19bn in 2020. |
Bianca Nasser appointed as new Votorantim Cimentos finance and IR VP01 March 2022, Published under Cement NewsVotorantim Cimentos has appointed Bianca Nasser as the company’s vice president of finance and investor relations (IR), effective 1 March 2022. Ms Nasser succeeds Osvaldo Ayres Filho, who will remain at Votorantim Cimentos as director of cement, logistics and adjacent business operations. With a bachelor’s degree in Economics from the Federal University of Rio de Janeiro (UFRJ) and a master’s degree in Administration and Finance from the Pontifícia Universidade Católica of Rio de Janeiro... |
Holcim names new head of North America01 March 2022, Published under Cement NewsHolcim has appointed Toufic Tabbara as region head for North America and member of the group executive committee, effective 1 march 2022. Mr Tabbara is currently CEO of US Cement and joined the Holcim Group in 1998 as director of strategy and development in the US. He has a strong track record of leading the company’s cement, ready-mixed concrete and aggregates businesses in the US, Canada, Egypt, Jordan, Lebanon and Algeria. |
Martin Marietta Materials Inc enters into agreement to sell Redding plant01 March 2022, Published under Cement NewsMartin Marietta Materials Inc announced that it has entered into a definitive agreement to sell certain West Coast cement and ready-mixed concrete operations to CalPortland Company for US$250m in cash. The operations include the Redding cement plant, related cement distribution terminals and 14 ready-mixed concrete plants located in California. Ward Nye, Chairman, President and CEO of Martin Marietta, stated, “Consistent with our Strategic Operating Analysis and Review (SOAR) 2025 plan, w... |
Holcim records net sales of CH6834m in 202128 February 2022, Published under Cement NewsHolcim recorded net sales of CH6834m (US$7367m) for 2021 were up 11.3 per cent on a like-for-like (LfL) basis and 16 per cent higher in Swiss francs, compared to the prior year. The record growth in net sales was driven by volume growth in all regions and business segments and strong pricing. Cement sales in 2021 totalled 200.8Mt, up from 190.4 per cent in 2020, a rise of five per cent LfL. Aggregate sales reached 269.9Mt up from 256.3Mt in 2021, or 3.9 per cent higher LfL. Ready-m... |
CRH prepares Ukraine business contingency plans28 February 2022, Published under Cement NewsIreland-based CRH has prepared contingency plans to address the fallout of Russia’s invasion into Ukraine. The company is closely monitoring the situation in the country as it has the largest Ukrainian exposure of any Irish business. CRH entered Ukraine in 1999 through the acquisition of PJSC Podilsky Cement . In the 2011-2013 period, the company expanded its presence through the acquisition of JSC Mykolaiv Cement in Mykolaiv and Cement LLC in Odessa. In late 2021 CRH rebranded i... |
Cemex makes corporate governance changes28 February 2022, Published under Cement NewsContinuing its longstanding commitment to develop its corporate governance towards global best practices, Cemex has announced a series of significant corporate governance changes. Beginning with Cemex’s ordinary general shareholders meeting scheduled to be held on 24 March 2022, each director candidate will stand for election on an individual basis, meaning that voting at the meeting will no longer be on a ‘group slate’ basis. Additionally, as part of the company’s ongoing focus on e... |
Malayan Cement swings into the black in 2QFY21-2228 February 2022, Published under Cement NewsMalaysia-based cement producer Malayan Cement Berhad reported a surge in revenues to MYR821.045m in the 2QFY21-22 (ending 31 December 2021, up from MYR350.47m in the 2QFY20-21. The company also turned a pretax loss of MYR-6.398m in the 2QFY20-21 to a pretax profit of MYR79.344m in the 2QFY21-22. Net profit in the second quarter reached MYR54.918m, a significant improvement when compared with the equivalent period of the previous year, when the company reported a loss of MYR-4.897m. First... |