Cement News tagged under: corporate
Ha Tien sees 65% drop in 4Q net profit26 January 2022, Published under Cement NewsHa Tien 1 Cement JSC , in which Vietnam Cement Industry Corp holds a 79.7 per cent stake, reported a 65.4 per cent YoY fall in consolidated net profit to VND53.32bn (US$2.3m) in the 4Q21 due to a decrease in gross profit. The company’s net profit during the quarter declined 8.5 per cent YoY to VND2.02trn. In 2021 the company saw a 39.1 per cent drop in consolidated net profit to VND369.86bn on a net revenue of VND7.06trn, down 11.3 per cent YoY. |
SONOCC announces resumption of production26 January 2022, Published under Cement NewsSociété nouvelle des ciments du Congo (SONOCC) will restart its production of cement from 31 January after several weeks of work stoppage, said the company’s Director General, Il Xingtao. It is expected that the additional output will help alleviate the cement shortage in the Republic of Congo and put an end to soaring cement prices. Prices have jumped to XAF120,000 (US$206.67) to date from XAF70,000 in November 2021. At present only Forspak’s plant is operating but is unable to cover na... |
Ramco Cements to commission Kurnool clinker plant in February26 January 2022, Published under Cement NewsRamco Cements Ltd is expected to bring online its 2.25Mta clinker plant in Kurnool, India, in February. The 1Mta cement grinding unit, 12MW waste heat recovery system and 18MW thermal power plant are scheduled to be commissioned in FY2022-23. Its RR Nagar plant project, which will see a new energy-efficient 3000tpd kiln, is likely to be commissioned in FY2023-24. The modernisation project represents and investment of INR4.76bn (US$63.6m). |
Ecocem appoints Olivier Guise as executive director of strategy, technology and new business26 January 2022, Published under Cement NewsEcocem has announced the appointment of Olivier Guise as executive director of strategy, technology and new business. In this newly-create role, Mr Guise will develop and operate the company’s “ambition strategy” and accelerate progress in bringing its breakthrough low-carbon technology to the global cement and concrete market. He brings over 17 years of experience in the construction materials industry, having been general manager of cement and executive committee member at LafargeHolc... |
UltraTech Cement announces INR9.65bn capex for Birla White expansion25 January 2022, Published under Cement NewsUltraTech Cement has announced a capital expenditure (capex) plan of INR9.65bn to modernise and almost double the production capacity of its white cement brand Birla White. The Aditya Birla Group company plans to increase the capacity of Birla White from the current 650,000tpa to 1.253Mta, UltraTech Cement said in a post-earnings statement. The company's board at its meeting on Monday approved the capex plan towards modernisation and the expansion of capacity at Birla White in a ph... |
Ramco Cements sees 59% fall in 3Q net profit25 January 2022, Published under Cement NewsIndia-based Ramco Cements Ltd reported a 59 per cent decrease in standalone profit after tax at INR830m for the quarter ended 31 December 2021 (3QFY21-22). In the 3QFY20-21 standalone profit after tax was INR2.01bn. Net revenues for the 3QFY21-22 expanded 16 per cent YoY to INR15.56bn from INR13.45bn in the 3QFY20-21, as cement sales volumes increased 15 per cent to 3.01Mt from 2.61Mt in the year-ago period. But the company said demand was weak due to a range of factors such as the monsoo... |
First Graphene signs cement carbon reduction agreement with Fosroc International25 January 2022, Published under Cement NewsFirst Graphene Ltd has formed a collaboration agreement with global construction chemicals manufacturer Fosroc International Ltd for the development of PureGRAPH ® graphene-enhanced cement additives or grinding aids. First Graphene managing director and CEO, Michael Bell, said: “The agreement with Fosroc is a significant further step for First Graphene as we implement our go-to-market plan to become the world’s leading supplier of graphene-enhanced cement and concrete solutions. ... |
Qatar National Cement Co appoints new CEO25 January 2022, Published under Cement NewsQatar National Cement Co has announced the appointment of Engr Essa Mohammed Ali Kaldari as its chief executive officer with effect from 1 February 2022. |
Dr Sibo 'Steven' Yan appointed as general manager of KHD Beijing25 January 2022, Published under Cement NewsDr Sibo 'Steven' Yan has been appointed as general manager of KHD's Chinese unit KHD Humboldt Wedag Machinery Equipment (Beijing) Co Ltd. Dr Yan holds a PhD from Beijing University of Technology and brings along an impressive background of experience and knowledge in industrial cement plant construction. During his term as Vice President at Humboldt Wedag Inc he has contributed largely to winning and successfully executing the Mitchell project in the USA. The Chinese market is expected... |
PT Indocement Tunggal Prakarsa reports sales volumes of 17Mt in 202124 January 2022, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk (INTP) (HeidelbergCement group) recorded sales of 17Mt in 2021, a three per cent increase from the previous year. "This achievement is more or less in line with the target," explained Antonius Marcos, director and corporate secretary of Indocement. Marcos explained a number of factors which impacted cement sales last year. "The main driving factor for sales was from the retail sector, which is increasing public optimism of the recovery of the... |