Cement News tagged under: corporate
Cementos Molins earns revenues of EUR968m in 202125 February 2022, Published under Cement NewsCementos Molins closed 2021 with revenues amounting to EUR968m, up 25 per cent YoY. The gradual economic improvement contributed to spur activity across all countries, with cement and concrete volumes growing by double digits. EBITDA achieved a record EUR242m in 2021, advancing 18 per cent YoY. The strong results improvement is driven by increasing volumes, mix and price management, as well as the positive contribution of operational efficiency plans. Challenges included the huge cos... |
Thyssenkrupp Industrial Solutions USA opens Reno warehouse25 February 2022, Published under Cement NewsThyssenkrupp Industrial Solutions USA has officially opened its new service centre in Reno, Nevada, USA. With its 10,700ft 2 of warehouse and working space, it is able to carry out a wide range of modernisation and repair work. Additionally, its ease of access to transport makes it the perfect location to serve customers from the US. “The Service Centre in Reno is another milestone for us here in North America”, says Mark Terry, president thyssenkrupp Industrial Solutions USA. “We a... |
Aeroborn joins WCA25 February 2022, Published under Cement NewsThe World Cement Association (WCA) has announced that Dutch clean tech company Aeroborn has joined its ranks as an associate corporate member. Aeroborn specialises in developing and commercialising carbon capture, utilisation and storage (CCUS) technologies to accelerate progress towards a carbon neutral Europe by 2050, focussing on reducing net CO 2 emissions in four key sectors: construction, energy, process industry and transport. The firm’s proprietary technology turns waste CO 2 ... |
HeidelbergCement reports robust 2021 results despite high energy prices24 February 2022, Published under Cement NewsGermany-based HeidelbergCement posted a 6.3 per cent rise YoY and an eight per cent like-for-like (LfL) rise in revenues to EUR18,720m in 2021 (2020: EUR17,606m). The result from current operations before depreciation and amortisation (RCOBD) was up 4.5 per cent (LfL 5.9 per cent) to EUR3875m when compared with EUR3707m in 2020. The result from current operations (RCO) saw a 10.6 per cent YoY hike and a 12 per cent LfL increase to EUR2614m. The additional ordinary result amounted to EUR4... |
Afyon Cimento increases turnover by 53% in 202124 February 2022, Published under Cement NewsÇimsa 's subsidiary Afyon Çimento increased its turnover in 2021 by 53 per cent compared to the previous year, from TRY270m (US$19.5m) to TRY413m. Net profits rose from TRY17m to TRY77m with an increase of 351 per cent. Çimsa General Manager, Umut Zenar, said, "Despite the changing world order as of 2020 and the economic conditions affected by this, we achieved successful fi nancial results in 2021. As Afyon Cement, we strengthen our in fl uence in the domestic market with our ex... |
Taiwan Cement and Asia Cement report fall in January revenues24 February 2022, Published under Cement NewsIn January 2022 Taiwan Cement Corp reported revenues of TWD7517.896m (US$269.6m), down by seven per cent from TWD8084.465m in January 2021. Asia Cement Corp ’s revenues slipped 0.2 per cent to TWD7420.726m in January 2022 from TWD7436.331m in the equivalent period of the previous year. |
Votorantim expands its operations in northeast Brazil23 February 2022, Published under Cement NewsVotorantim Cimentos has opened a new distribution centre in the municipality of Crateús, reinforcing its presence and logistics in the markets of Ceará and Piauí, Brazil. The Ceará distribution centre is located 350 km from Fortaleza, and will expand the service and distribution capacity of Cimento Poty and the Votomassa line of adhesive mortars in the centre-south, south, Sertões Cearenses, Baixo Jaguaribe, Médio Curu and Ipu regions. The Crateús DC has a distribution capacity ... |
Ambuja Cements plans INR35bn capacity upgrade22 February 2022, Published under Cement NewsAmbuja Cements , owned by Switzerland-based Holcim , has announced a INR35bn (US$467m) investment plan for the 7Mta expansion in its existing capacities at Sankrail and Farakka in West Bengal and a greenfield expansion at Bahr in Bihar. The company is also considering its 3.2Mta clinker unit at Bhatapara, Chhattisgarh. “The board has approved in principle an investment of INR3500 crore for a cement grinding expansion plan of potential 7.0Mta across our existing grinding units at Sankrail... |
Fernando Libonati to lead Business Development at FCT22 February 2022, Published under Cement NewsFernando Libonati has been appointed as the Head of Business Development for FCT within the Asia-Pacific and Middle East regions. Mr Libonati commenced in this role in January 2022. With more than 21 years of technical sales experience for prominent companies including Bühler, Aumund and Thermo Fisher Scientific, he has experience across a variety of global markets from having lived and worked in Australia, Hong Kong, China, Germany and Brazil. Fernando holds a Mechanical Engineer... |
Argos reports consolidated EBITDA of COP2.16bn in 202121 February 2022, Published under Cement NewsArgos, Grupo Argos' cement company , reported a consolidated EBITDA of COP2.16bn (US$55m) at the end of 2021, representing an increase of 34 per cent compared to 2020 and the highest in the company's history. The annual EBITDA margin stood at 22 per cent, the highest since 2005, when the cement company began its internationalisation process. Accumulated revenues as of 31 December 2021 reached COP9.8bn, a YoY increase of 9.1 per cent. Argos shipped 17.1Mt of cement and 7.8Mm 3 of ready... |