Cement News tagged under: corporate
Holcim sees another quarter of record profitable growth29 October 2021, Published under Cement NewsHolcim has recorded net sales of CHF7.29bn (US$7.99bn) for the third quarter of 2021, up five per cent on a like-for-like basis compared to CHF6.46bn in the year-ago period. A recurring EBIT increase of 4.7 per cent LfL to a record CHF1.53bn was primarily driven by strong pricing and good cost management, according to the company. "I’m pleased that we have achieved a record quarter of profitable growth once again. I congratulate my teams for their exceptional resilience as they continue to... |
Cemex reports net sales of US$3.8bn in 3Q2129 October 2021, Published under Cement NewsCemex reports consolidated net sales of US$3.8bn in the 3Q21, a rise of eight per cent versus the 3Q20. EBITDA fell by one per cent to US$740m, due mainly to supply chain disruption and a sudden rise in energy and transportation costs. Consolidated cement and aggregate sales volume grew by one per cent while ready-mix grew by three per cent and urbanisation solutions grew by 16 per cent in the 3Q21. Net debt for the company declined by US$248m versus the 2Q21 and the leverage ratio dr... |
Cementarnica Usje posts 8% revenue increase29 October 2021, Published under Cement NewsNorth Macedonia’s Cementarnica Usje has announced a seven per cent YoY fall in net profit to MKD1.1bn (US$20.7m) in the first nine months of 2021. Operating revenue advanced eight per cent to nearly MKD4bn in the 9M21. Domestic sales increased five per cent to MKD2.5bn, while sales on foreign markets rose 21 per cent to MKD1.4bn. The company’s operating expenses were up 19 per cent YoY MKD2.8bn in the January-September period. |
Votorantim faces civil action from Federal Prosecutors’ Office29 October 2021, Published under Cement NewsVotorantim Cimentos SA, has stated that it became aware, through the media, of a public civil action filed by the Federal Prosecutors’ Office of São Paulo (MPF-SP) related to the decision issued by the Brazilian Administrative Council for Economic Defense (CADE) for alleged anticompetitive practices in the scope of the administrative proceeding that was closed in October 2015. In this public civil action, MPF-SP would require the conviction of entities and cement companies, includin... |
Siam Cement's revenue surges 31% YoY28 October 2021, Published under Cement NewsThailand’s Siam Cement PCL has seen its net profit decline 30 per cent YoY in the third quarter of 2021, falling to THB6.82bn (US$205m), as it recorded lower demand and an asset impairment related to a plant in Myanmar. However, revenue from sales advanced 31 per cent YoY to THB31.83bn in the 3Q21, supported by its chemical business. |
Dalmia Bharat sees 11% climb in revenue28 October 2021, Published under Cement NewsIndia’s Dalmia Bharat has reported a 10 per cent decline in net profit to INR2.09bn (US$27.93m) during the September quarter of FY21-22, compared with INR2.32bn in the year-ago period. “In spite of unprecedented cost-related headwinds across regions, our razor-sharp focus on operational efficiencies and execution has helped us contain our costs and deliver industry-leading performance,” said the company’s managing director, Puneet Dalmia. Consolidated revenue from operations was up 11.4 p... |
Tokyo Cement Co (Lanka) outlines measures taken to address cement shortage28 October 2021, Published under Cement NewsSri Lanka’s Tokyo Cement Co (Lanka) has taken several immediate measures to address a cement shortage in the market, according to Dr Harsha Cabral PC, company chairman. Tokyo Cement is operating its plant in Trincomalee at the maximum installed capacity of around 170,000tpm and will continue to supply cement island wide at its highest output levels. In addition, the company has been importing 30,000t of bulk cement per month through the Tokyo Cement Colombo terminal. On a request made by t... |
Roof collapse at Lafarge Zimbabwe may impact performance28 October 2021, Published under Cement NewsLafarge Cement Zimbabwe has announced that a roof collapse at one of its cement mills is expected to have a negative impact on the group’s overall business performance in the final quarter of 2021. "The necessary measures to restore the structures and restart the mills have commenced and are well under way," Faithful Sithole, the company’s secretary said in a statement following the incident earlier this month. Elsewhere, work on the installation of a new VRM at the facility is underway an... |
GCC reports 12% rise in 3Q21 net sales27 October 2021, Published under Cement NewsMexico’s GCC has announced consolidated net sales of US$315.4m in the third quarter of 2021, up 12.2 per cent YoY on US$281.1m in the 3Q20. EBITDA also advanced 10.2 per cent to US$110.1m from US$99.9m, while its EBITDA margin saw a modest decline to 34.9 per cent from 35.5 per cent. “We are pleased with the results delivered despite supply chain and energy cost challenges. GCC is on track to meet our full-year guidance, assuming favorable weather conditions continue,” said Enrique Escal... |
HeidelbergCement agrees to 68% stake in Tanga Cement27 October 2021, Published under Cement NewsHeidelbergCement has signed an agreement to acquire 68 per cent of the shares in the Tanzanian cement producer Tanga Cement. The step aims to strengthen its local business and create significant synergies with its existing assets in Tanzania, says the company in a statement. Through its subsidiary Tanzania Portland Cement, the largest cement-producing company in the country, HeidelbergCement already has a good market position in Dar es Salaam in eastern Tanzania. As part of this transactio... |