Cement News tagged under: corporate
Udaipur Cement receives CRISIL AA/Stable/A1+ rating05 November 2021, Published under Cement NewsUdaipur Cement Works Ltd (UCWL), a subsidiary of JK Lakshmi Cement, has been independently assigned AA/Stable/A1+ ratings to its bank facilities by CRISIL. AA Rating for its entire long-term existing and proposed borrowings and A1+ for UCWL’s short-term borrowing programme. This long-term rating of UCWL, assigned by CRISIL, is on a standalone basis without any Credit Enhancement (CE) support from the parent company. |
HeidelbergCement sees 7% rise in revenue for 9M2104 November 2021, Published under Cement NewsHeidelbergCement has posted a seven per cent YoY increase in revenue to EUR13.996bn (US$16.17bn) for the first nine months of the year, against EUR13.14bn in the year-ago period. The result from current operations before depreciation and amortisation (RCOBD) grew by six per cent to EUR2.896bn from EUR2.731bn. “HeidelbergCement has achieved a good result in the first nine months of 2021. The general conditions in the third quarter were very challenging due to the exceptionally high year-on-... |
Vicat posts 9M21 consolidated sales up 4% YoY04 November 2021, Published under Cement NewsVicat reported consolidated sales in the third quarter of 2021 of EUR794m, up 4.2 per cent YoY on a reported basis and up 19.7 percent at constant scope and exchange rates when compared with the 3Q20. “This performance confirms the strength of the Group’s business trends in a quarter when the basis of comparison was highly unfavourable in France, the Americas and India. Last year, activity in the third quarter of 2020 was boosted by a catch-up in these regions after the pandemic had taken ... |
Summit Materials posts 3% improvement in revenue04 November 2021, Published under Cement NewsUS-based Summit Materials has announced its third quarter results for 2021, recording an 18.2 per cent YoY decrease in net income to US$74.2m from US$90.7m in the year-ago period. However, net revenue improved 2.6 per cent to US$662.3m from US$645.2m in the 3Q20, supported by higher aggregates, ready-mix concrete and cement revenue on continued favourable market demand conditions and price growth in all lines of business, according to a statement. Adjusted EBITDA also increased 7.3 per cen... |
Cementos Molins completes Calucem acquisition04 November 2021, Published under Cement NewsCementos Molins has successfully closed the acquisition of Calucem, announced in early August, following all regulatory approvals, according to the company. Julio Rodríguez, CEO of Cementos Molins, highlights: “I warmly welcome the Calucem team into the Cementos Molins family. Today marks a new and exciting milestone in the history of Calucem and Cementos Molins and, with this integration, we have excellent business development opportunities for a new step forward to our strategy of profit... |
Tabuk Cement sees 11% decrease in profit04 November 2021, Published under Cement NewsSaudi Arabia’s Tabuk Cement has posted a 10.5 per cent YoY fall in net profit to SAR8.48m (US$2.26m) in the third quarter of 2021, compared with SAR9.47m in the year-ago period. Sales also declined 32.9 per cent YoY to SAR48m from SAR71.49m in the 3Q20. |
Eagle Materials appoints Mauro Gregorio to its board04 November 2021, Published under Cement NewsUSA-based Eagle Materials has appointed Mauro Gregorio to its board of directors. Mr Gregorio is the currently president of Performance Materials and Coatings at Dow, a supplier of innovative solutions in infrastructure and transportation. "Eagle Materials has a strong board with a diverse mix of backgrounds, capabilities and experiences, and today our board is even stronger with the addition of Mauro. I could not be more delighted that Mauro is joining us. His insights and perspective will... |
Martin Marietta sets record revenues in 3Q2103 November 2021, Published under Cement NewsMartin Marietta Materials Inc reported results for the third quarter ended 30 September 2021, achieving record consolidated products and services revenues of US$1.463bn, versus US$1.241bn in 2020. The building materials business produced record products and services revenues of US$1,390.8m, a 17.3 per cent increase, and record product gross profit of US$413.1m, a 7.9 per cent rise. Cement shipments increased 4.1 per cent, benefitting from robust construction activity throughout... |
Lafarge Algeria hits 2Mt export record03 November 2021, Published under Cement NewsLafarge Algeria, part of the Holcim group, has exported 2Mta of cement and clinker for the first time, according to a company press release. The company achieved the volume less than five years after the start of cement exports from Algeria. The 2Mta volume represents a considerable increase from the 1.2Mt of exports achieved in 2020 and puts the company firmly on the way to its 2.5Mt target by the end of this year. In 2022 the cement producer aims to export 2.6Mt. This symbolic bar of 2... |
Lafarge Zambia reduces cement price by 5-10%03 November 2021, Published under Cement NewsLafarge Zambia has reduced the price of cement by 5-10 per cent from 30 October 2021. The price reduction was said to be inevitable due to the appreciation of the kwacha against other major convertible currencies in the past two months, according to the Zambia Consumer Association (ZCA), which welcomed the step. Lafarge Zambia Corporate Affairs and Communication, Sarah Banda, said in a statement that the reduction in the price of cement was caused by the recent appreciation of the kwacha a... |