Cement News tagged under: corporate
Cementos Argos announces 5% increase in 3Q revenue09 November 2021, Published under Cement NewsCementos Argos has posted consolidated revenues of COP2489bn (US$641.82m) in the third quarter of 2021, up 5.3 per cent YoY, favoured by the positive evolution of volumes and prices. Adjusted EBITDA also increased 2.4 per cent YoY to COP473bn from COP462bn in the 3Q20. The positive EBITDA evolution was mainly attributed to the performance of Colombia, in a combination of better market environment and commercial efforts to increase the company’s exposure to the retail segment. Cost headwind... |
Buzzi Unicem's 9M21 regional results improve in USA and Eastern Europe09 November 2021, Published under Cement NewsThe sales volumes achieved by Buzzi Unicem in the third quarter of the current year showed a positive development in the United States and in Eastern Europe, which more than offsets the partial slowdown observed in Italy, mainly due to a high-base comparison, and a more evident contraction in Germany, also penalised by the unfavourable weather in July. In Italy, in the first 9M21, sales volumes nonetheless stood well above the level reached last year, with prices that confirmed the pos... |
Lucky Cement posts 15% fall in revenue in 10M2109 November 2021, Published under Cement NewsTaiwan’s Lucky Cement has posted a 27.5 per cent YoY decline in revenue to TWD276.7m (US$9.84m) in October 2021, compared to TWD381.65m in the year-ago period. In the first 10 months of the year, revenue decreased 14.9 per cent to TWD3.18bn from TWD3.74bn in the 10M20. |
Southeast Cement Co reports 5% rise in October revenue09 November 2021, Published under Cement NewsTaiwan’s Southeast Cement Co has seen a 5.4 per cent YoY improvement in October revenue to TWD151.36m (US$5.46m), compared to TWD143.59m in the year-ago period. In the January-October 2021 period, revenue improved 16.7 per cent to TWD1.5bn from TWD1.28bn. |
Cemex closes US$3.5bn credit agreement09 November 2021, Published under Cement NewsCemex has closed a new US$3.25bn syndicated credit agreement, with it being the first debt issued under its sustainability-linked financing framework. The proceeds have been used to fully repay its previous facilities agreement. The new credit agreement consists of US$1.5bn in five-year amortising term loans and a US$1.75bn five-year committed revolving credit facility, the company said in a statement. "This new credit agreement represents a major milestone in our path to investment gr... |
Qassim Cement sees sales down 27% YoY08 November 2021, Published under Cement NewsSaudi Arabia’s Qassim Cement has reported a net profit of SAR60.4m (US$16.11m) in the third quarter of 2021, down 49.7 per cent YoY from SAR110.1m. Sales also decreased 26.5 per cent to SAR170.3m from SAR231.6m in the 3Q20. |
Semapa reports 68% climb in profit08 November 2021, Published under Cement NewsPortugal’s Semapa has recorded a net profit of EUR122.2m (US$141.17m) in the first nine months of 2021, up 68 per cent on EUR72.8m in the 9M20. The group’s consolidated turnover rose 4.7 per cent YoY to reach EUR1515.3m, with EUR366.7m contributed by Secil (-3.5 per cent YoY). EBITDA from the cement segment remained largely consistent at EUR107.3m (-0.1 per cent YoY). |
Fecto Cement appoints chairman and chief executive08 November 2021, Published under Cement NewsPakistan’s Fecto Cement has appointed Aamir Ghani and Mohammed Yasin Fecto as chairman and chief executive, respectively, with effect from 1 November 2021. The appointment has been made for a term of three years, according to Pakistan Company News. |
Ukraine sees production rise 15% YoY in 9M2105 November 2021, Published under Cement NewsCement production in Ukraine increased 15.2 per cent YoY in the first nine months of 2021, according to Ukrcement. The association also expects the country to consume more than 10Mt in the full-year for the first time since 2014. "We have production data for nine months and we can predict with slight optimism that this year, for the first time since 2014, we will move to more than 10Mt of cement consumed in the domestic market. If there are no emergencies, we will reach 10.5Mt," said Pavlo ... |
Tokyo Cement Co (Lanka) sees revenue up 4%05 November 2021, Published under Cement NewsTokyo Cement Co (Lanka) has reported a four per cent YoY increase in revenue to LKR11.88bn (US$58.96m) in the third quarter of 2021. However, net profit fell 94 per cent to LKR127m. The quarter saw the company face a weakening rupee, foreign exchange shortage, which caused a delay in opening LCs, shortages and delays in raw material imports, soaring shipping costs and re-imposed lockdowns. While the fuel price increase and a lack of vessels escalated inbound freight rates by over 300 pe... |