Cement News tagged under: corporate
Umm Al Qura Cement's revenue down 35% YoY27 October 2021, Published under Cement NewsSaudi Arabia’s Umm Al Qura Cement Co has posted a net profit after tax of SAR12.47m (US$3.33m) in the quarter ending September 2021, down 60.9 per cent YoY against SAR31.91m in the year-ago period. Revenue also declined 35 per cent YoY to SAR56.96m from SAR87.61m in the 3Q20. |
Ramco Cements announces 19% increase in revenue27 October 2021, Published under Cement NewsIndia’s Ramco Cements has posted an 18.7 per cent YoY increase in consolidated revenue to INR15.03bn (US$200.1m) in the quarter ending September 2021. The company was reportedly supported by better volumes and pricing in the light of strong cement demand. Net profit surged 111.8 per cent to INR5.16bn from INR2.44bn in the July-September 2020 period. |
Loma Negra relights L'Amalí kilns27 October 2021, Published under Cement NewsArgentine-based Loma Negra has turned its kilns at its L'Amalí in Olavarría back on after resolving the conflict with Minerar, the union that exploits the company’s limestone quarry. The Argentine Mining Workers Association (AOMA) and Loma Negra reached an agreement to improve the working conditions of Minerar’s staff. |
Orient Cement records 28% YoY revenue increase27 October 2021, Published under Cement NewsIndia’s Orient Cement has recorded a consolidated revenue of INR6.13bn (US$81.63m) in the 2QFY21-22, up 28.4 per cent YoY from INR4.78bn in the comparable period of the previous fiscal. Net profit also climbed 63.4 per cent YoY to INR568.8m from INR348.2m. |
China Shanshui Cement records 15% rise in revenue26 October 2021, Published under Cement NewsChina Shanshui Cement has recorded a 23.6 per cent YoY decline in attributable profit to CNY1.78bn (US$278.83m) in the first nine months of the year, compared to CNY2.33bn in the year-ago period. However, revenue advanced 14.8 per cent to CNY17.57bn from CNY15.31bn in the 9M20. |
Loma Negra pauses production at L'Amalí plant26 October 2021, Published under Cement NewsArgentina’s Loma Negra has reportedly stopped production at its L'Amalí plant in Olavarría as a result of a union conflict between the Mining Workers Association of Argentina (AOMA) and its limestone supplier, Minerar, leaving it without stock of the raw material. The conflict between AOMA and Minerar is the only cause of the suspension of production. It is expected to have a significant impact if left unresolved as the L'Amalí plant represents 70 per cent of the company’s total productio... |
Alamgir Kabir re-elected as president of the BCMA26 October 2021, Published under Cement NewsAlamgir Kabir, vice-chairman of MI Cement Factory, has been re-elected president of the Bangladesh Cement Manufacturers’ Association (BCMA). Shahidullah, managing director of Metrocem Cement and chairman of Metrocem Group, and Zahir Uddin Ahmed, managing director of Confidence Cement, have also been re-elected as the first and second vice-president of the BCMA, respectively. “Working with the policymakers to flourish the cement sector as well as to keep the consumers’ interest up will ... |
Attock Cement records 22% decline in revenue25 October 2021, Published under Cement NewsPakistan’s Attock Cement has announced a 21.6 per cent YoY decrease in consolidated revenue to PKR5.73bn (US$32.86m) in the quarter ending 30 September 2021, compared to PKR7.31bn in the year-ago period. Profit also fell 46 per cent YoY to PKR373.3m from PKR691.7m in the 1QFY20-21. |
Cementos Yura appoints new general manager25 October 2021, Published under Cement NewsPeru-based Cementos Yura has selected Fernando Rojas as its new general manager, replacing Julio Caceres, who was appointed on an interim basis. Mr Rojas has more than 27 years of experience in the cement industry internationally, having developed his professional career in Cemex, where he served as director of operations (Costa Rica and Puerto Rico) and lead the regional direction of Optimisation and Sustainability for Central America and the Caribbean. Julio Cáceres has been appointe... |
Yanbu Cement Co sees revenue up 10% in 9M2122 October 2021, Published under Cement NewsSaudi Arabia’s Yanbu Cement Co has reported a 55.8 per cent YoY decline in net profit to SAR36.4m (US$9.71m) in the third quarter of 2021, compared to SAR82.48m in the year-ago period. Revenue also fell 13.5 per cent YoY to SAR207.78m from SAR240.36m in the 3Q20. During the first nine months of the year, the company recorded a 28.7 per cent decrease in profit to SAR149.69m from SAR210.12m in the 9M20. However, revenue was up 10 per cent YoY to SAR742.87m in the 9M21. |