Cement News tagged under: corporate
Anjani Portland Cement sees 51% revenue increase16 August 2021, Published under Cement NewsIndia’s Anjani Portland Cement has seen its revenue surge 50.5 per cent YoY to INR1.22bn (US$16.48m) in the quarter ending 30 June 2021, compared with INR813.7m in the same period of the previous year. Net profit was up 20.6 per cent YoY to INR230.7m from INR191.3m in the 2Q20. |
Chia Hsin Cement records 11% rise in revenue16 August 2021, Published under Cement NewsTaiwan’s Chia Hsin Cement has posted a 10.7 per cent increase in revenue to TWD550.39m (US$19.76m) in the second quarter of the year, compared to TWD496.99m in the 2Q20. However, the company has recorded a net loss of TWD162.49m in the same quarter against a TWD139.88m profit in the corresponding period of 2020. |
Norm is awarded API certification16 August 2021, Published under Cement NewsNorm has become the first cement producer in Azerbaijan to receive American Petroleum Institute (API) certification and has now launched its oil-well cement production. Norm, a part of NEQSOL Holding, was awarded API certification following a successful audit conducted by the association and confirms that the cement producer’s production process meets the internationally-recognised API specifications for producing oil-well cement. The certification enables the company to contribute to ... |
Qassim Cement announces 10,000tpd new line13 August 2021, Published under Cement NewsQassim Cement Co has announced a new 10,000tpd production line at its plant in Buraydah, Saudi Arabia, that will replace some of the current production lines. The project execution is expected to start in the 1H22, the cement producer reported. The cost of the project will be announced after completing studies. The project's financing options, and expected completion date, financial impact as well as production date will be announced in due course, the company added. |
Climbing regional cement shipments for Argos in the 1H2113 August 2021, Published under Cement NewsArgos announced its 1H21 results this week with regional cement shipments climbing in the USA and in the Caribbean and Latin America. In the USA cement volumes saw a solid increase of 5.7 per cent, because of the positive market dynamics in the country. Concrete volumes, on the other hand, fell 10.1 per cent with different behaviours throughout the territory and strongly affected by the intense rains, especially in Houston and Dallas. Group revenues in the US during the semester re... |
Loma Negra records 47% advance in net revenue13 August 2021, Published under Cement NewsArgentina's Loma Negra has reported a 46.6 per cent YoY increase in net revenue to ARS14.269bn (US$147m) in the quarter ending 30 June 2021, mostly driven by its cement segment. Its consolidated adjusted EBITDA also climbed 74.1 per cent YoY to ARS4354m, with the EBITDA margin expanding from 25.7 per cent to 30.5 per cent. "We are pleased to announce another quarter with an excellent performance. Demand continues with a strong momentum and, after several quarters of recovery, is now exceedi... |
India Cements reports 35% increase in revenue13 August 2021, Published under Cement NewsIndia Cements has seen its standalone profit more than double to INR374m (US$5.034m) in the first quarter of FY21-22. Revenue from operations also advanced 35.1 per cent YoY to INR10.23bn from INR7.57bn in the year-ago period. Cement production climbed 40 per cent YoY to 1.88Mt, while overall sales including clinker increased 37 per cent. |
Arabian Cement Co sees net loss widen in 1H2113 August 2021, Published under Cement NewsEgypt’s Arabian Cement Co has seen its consolidated net loss after tax widen to EGP23.28m (US$1.48m) in the first half of 2021, compared to EGP5.63m in the year-ago period. Sales revenue declined 26.9 per cent YoY to EGP964.86m from EGP1.32bn in the 1H20. |
Argos records 1H21 cement shipments of 8.6Mt12 August 2021, Published under Cement NewsArgos recorded cement shipments of 8.6Mt in the 1H21, an increase of 26.9 per cent compared to the 1H20. The advance was supported by the performance of the group in the USA, the Caribbean and Central America, as well as having a low comparison base. Consolidated revenues reached US$1.3bn, up 11 per cent compared to the 1H20. Likewise, EBITDA rose by 29.9 per cent to US$266.7m. EBITDA margin , excluding the profits on the sale of concrete assets, reached a record of 20.3 per cent, the hig... |
FLSmidth reports 2Q21 strong order intake and improved profitability12 August 2021, Published under Cement NewsFLSmidth’s order intake in the 2Q21 increased 42 per cent compared to the 2Q20 and by 38 per cent to DKK4615m (US$97m) YoY. Cement service order intake reached DKK875 in the 2Q21 and cement capital orders totalled DKK807m in the 2Q21. Revenue increased by six per cent to DKK4073m in the 2Q21 (2Q20: DKK 3846m) and by nine per cent organically, comprising a 13 per cent increase in mining and a flat development in cement. Group EBITA margin increased to 4.8 per cent from 3.4 per cent in ... |