Cement News tagged under: corporate
Umm Al-Qura Cement appoints new CEO25 August 2021, Published under Cement NewsSaudi Arabia's Umm Al-Qura Cement Co has announced the appointment of Majid Tariq Salah Gharbawi as CEO, effective from 20 October. Mr Gharbawi has more than 17 years of experience in the financial and banking sector. His professional career includes many administrative and leadership positions within private banks. He holds a Bachelor of Science in Business Administration, majoring in financial management, from the University of Southern California, in addition to many specialised cer... |
Boral returns to profit in the FY2124 August 2021, Published under Cement NewsAustralia’s Boral has reported a net profit of AUD640m (US$462.87m) for the full year ended 30 June 2021, compared to a loss of AUD1.145bn in the previous fiscal year. EBIT also advanced 37 per cent to AUD445m. However, sales revenue from continuing operations was down six per cent YoY to AUD2924m, as a result of lower volumes and softer prices, according to a media release. "Our full year FY2021 results reflect the mixed market conditions we are continuing to experience in Australia duri... |
KJS Cement records 36% advance in profit24 August 2021, Published under Cement NewsIndia’s KJS Cement has seen a 36.4 per cent YoY rise in profit to INR654.4m (US$8.83m) for the year ended 31 March 2021, against INR479.6m in the FY19-20. EBITDA was up 5.5 per cent to INR1.99bn. Cement and clinker sales reached 1.72Mt and 0.59Mt, respectively, a considerable increase driven by demand from infrastructure projects. "KJS Cement has recorded strong performance across all parameters this year; despite the challenging ecosystem due to the pandemic,” said Pawan Kumaar Ahluwalia... |
Nuvoco Vistas Corp sees lukewarm bourse start24 August 2021, Published under Cement NewsIndia-based cement producer Nuvoco Vistas Corp entered the bourses with a weak start as its shares were listed at up to 17 per cent discount to its issue price. However, by the end of the day, the shares saw gains of up to 13 per cent over the listing price. At the start of trading on 24 August shares reached INR471 (US$6.35) on the Bombay Stock Exchange (BSE), down 17.3 per cent when compared with the issue price of INR570. Meanwhile, on the NSE, Nuvoco shares opened at INR485, or a 14.9 ... |
Ambuja Cements begins trial production at Marwar facility23 August 2021, Published under Cement NewsIndia’s Ambuja Cements has begun trial production at its Marwar cement works in Nagaur district, which will increase the company’s clinker capacity by 3Mta. The plant was built with an investment of INR23.5bn (US$316.45m) and includes a waste heat recovery system alongside 1.8Mta of cement grinding capacity. "I am delighted to inaugurate the trial run at Marwar Cement plant of Ambuja as we dedicate it to meet the infrastructure requirements of the nation. Cement is one of the most impo... |
Atom Cement launched in Russia23 August 2021, Published under Cement NewsRussia’s Atomstroykompleks has launched its Atom Cement plant in Sysert, Sverdlovsk region, which has been designed with 550,000tpa of white cement capacity. The project represents an investment of RUB4.5bn (US$61.46m) and is expected to reduce the price of white cement in the region by up to 30 per cent. |
China Tianrui Group Cement records 9% rise in revenue23 August 2021, Published under Cement NewsChina Tianrui Group Cement has posted a 9.1 per cent YoY increase in revenue to CNY5.73bn (US$882.8m) for the first half of 2021, compared to CNY5.25bn in the year-ago period. Attributable profit also advanced 4.5 per cent YoY to CNY751.6m from CNY719m in the 1H20. |
Al Jouf Cement sees profit advance 25% YoY20 August 2021, Published under Cement NewsAl Jouf Cement has announced a 4.9 per cent YoY decline in revenue to SAR53.74m (US$14.34m) in the six months ended 30 June 2021, compared to SAR56.49m in the 1H20. However, the company's profit advanced 24.9 per cent to SAR19.68m from SAR15.75m. |
Cemex's aggregate production returns to Alabama20 August 2021, Published under Cement NewsCemex is investing more than US$6m in its new Brierfield aggregates plant to produce high-quality aggregates for Alabama, USA. The Brierfield plant is the latest addition to Cemex USA and Ready Mix USA's strong network in the state that consists of one cement plant, three cement terminals and more than 30 ready-mix concrete plants. The Brierfield plant, which is located approximately one hour from Birmingham, Alabama, began operations in June 2021, processing aggregates under the name ... |
Dragon Products to stop Rockland rail terminal shipments20 August 2021, Published under Cement NewsFrom next year, USA-based Dragon Products plans to stop shipping cement along the Rockland South End rail line in favour of selling cement from the plant in trucks and shipping cement by rail directly to its customers. The cement plant currently sends rail cars about five miles on the line from the Thomaston plant to its dock on Rockland’s South End waterfront in Maine, where a barge is then filled and product is shipped to the Boston market. Next year, the rail cars will no longer be ... |