Cement News tagged under: corporate
Cementir records 11.2Mt of cement and clinker sales in 202109 February 2022, Published under Cement NewsDuring 2021, Cementir’s cement and clinker sales volumes reached 11.2Mt, up 4.1 per cent compared to 2020 thanks to a favourable trend in all countries. Sales volumes of ready-mixed concrete, equal to 5.1Mm 3 , increased by 14.8 per cent mainly due to Turkey and, to a lesser extent, Denmark and Norway. In the aggregates segment, sales volumes reached 11.1Mt, up 8.1 per cent. Group revenue set the historical record of EUR1360m, up 11 per cent compared to EUR1224.8m in 2020.... |
VICEM sees 29.4Mt of cement and clinker sold in 202108 February 2022, Published under Cement NewsVietnam-based Vietnam Cement Industry Corp (VICEM) sold 29.44Mt of cement and clinker in 2021, reflecting stable sales when compared with 2020, according to local media. VICEM’s cement sales reached 24.16Mt while clinker sales reached 5.28Mt. The company’s output saw a 2.1 per cent drop to 21.47Mt of clinker and 24.1Mt of cement. The company’s revenues remained level at VND33.81trn (US$1.46bn) when compared with 2020. Its pretax profit slipped 1.3 per cent YoY to VND2.05trn. In 2021 V... |
Schneider Electric and Nanjing Kisen sign strategic partnership agreement08 February 2022, Published under Cement NewsSchneider Electric has signed a long-term cooperation agreement with Nanjing Kisen (CNBM) to progress the operational efficiency of intelligent cement plants through innovative digital modernisation in alignment with UN Sustainability Goals, The strategic partnership agreement will accelerate the digital transformation of cement plants and enterprises in China, and beyond, leveraging their shared strengths in advanced digital technologies for energy and resource efficiency. U... |
Lafarge Cement Malawi reverts to Portland Cement Malawi08 February 2022, Published under Cement NewsFollowing a change in Lafarge Cement Malawi Ltd’s shareholding from Holcim to Huaxin, the cement producer has reverted to its original name of Portland Cement Malawi Ltd with immediate effect. “Portland Cement Malawi Ltd will remain the home of our trusted brands which include DuraCrete, SupaSet, Kumanga and Khoma”, said Company Secretary and CFO, Constance Musopole. “Huaxin is among the 10 largest cement manufacturing companies globally with 115Mt capacity. We are excited to begin th... |
Caribbean Cement to launch Vertua-certified cement07 February 2022, Published under Cement NewsCemex -owned Caribbean Cement Co will be launching its newly co-branded Vertua-certified cement to support the reduction in carbon emissions by 40 per cent by 2030. “Vertua is a brand that CEMEX worldwide has selected to put on all the low-carbon cement — it's an umbrella, it's a branding. We have a product that has already qualified as Vertua. Every bag you see out there that carries Carib Cement or Carib Cement plus is a low-carbon product,” said the company’s Managing Director, Yago ... |
Semen Indonesia looks forward to 4% FY22 expansion02 February 2022, Published under Cement NewsSemen Indonesia expects to grow 3-5 per cent YoY in FY22, up from two per cent in FY21 as the key market for bagged cement (mainly for home renovations and small home cluster developments) improves. In addition, the property stimulus by the Indonesian government and a high infrastructure budget in FY22 are expected to support sales. A further driver is the improved control of the COVID-19 pandemic. The company’s sales strategy heavily focusses on the domestic market, which provides higher... |
HeidelbergCement releases preliminary guidance for 2021 results01 February 2022, Published under Cement NewsIn the course of the preparation of the consolidated financial statements of HeidelbergCement AG for the FY21, the revenue and results of the HeidelbergCement Group are in part significantly above the published forecast of the company and the current capital market expectations. The capital market expectations are based on the mean value of the latest consensus estimates of financial analysts, compiled by Vara Research on 28 January 2022. Therefore, HeidelbergCement publishes the f... |
Orient Cement sees 3Q profit fall by 19% YoY01 February 2022, Published under Cement NewsCK Birla-owned Orient Cement reported an 18.9 per cent decline in net profit to INR436.7m (US$5.84m) for the third quarter, ended 31 December 2021. In the equivalent quarter of 2020, the company had posted a net profit of INR538.8m, said the company in a filing to the Bombay Stock Exchange (BSE). Orient Cement’s revenue in the 3QFY21-22 edged up 2.1 per cent to INR6.175bn, compared with INR6.046bn in 3QFY20-21. Total expenses increased by 4.6 per cent to INR5.526bn in the 3QFY21-22 fro... |
East African Cement Co looks to DR Congo for increased cement sales31 January 2022, Published under Cement NewsEast African Portland Cement Co (EAPCC) is looking to target cement sales in the Democratic Republic of Congo (DRC). “In the past 10 years, EAPCC has been missing from the infrastructural agenda due to competition among other challenges. Now we have come up with a five year strategic plan as we want to revamp our operations,” said Oliver M Kirubai, managing director at the EAPCC. “We are targeting the East African market, including the DRC. We are getting inquiries from Rwanda as well.” ... |
Caribbean Cement to pay 2% royalty fees to Cemex31 January 2022, Published under Cement NewsFollowing shareholder approval Caribbean CementCo Ltd will pay two per cent royalties to its parent company Cemex from January 2022. The agreed fee is equivalent to two per cent of net sales, half of the cap initially telegraphed to shareholders. Caribbean Cement said in a statement that since 2017, when Cemex assumed majority control of Caribbean Cement, the plant at Rockfort has relied on Cemex's global expertise, including its safety management systems that resulted in the reduction of... |