Cement News tagged under: corporate
Taiheiyo Cement announces 101% rise in net profit10 August 2021, Published under Cement NewsJapan’s Taiheiyo Cement has posted a revenue of JPY159.6bn (US$1.44bn) in the quarter ending 30 June 2021, down 20.4 per cent on JPY200.56bn in the same period of the previous fiscal. However, net profit surged 101 per cent YoY to JPY6.58bn from JPY3.27bn in the 1QFY21-22. |
Saudi Cement sees 14% rise in profit10 August 2021, Published under Cement NewsSaudi Cement Co has posted a 14.1 per cent YoY rise in net profit to SAR86.4m (US$23.04m) in the quarter ending 30 June 2021, compared to SAR75.7m in the year-ago period. Revenue also climbed 17 per cent YoY to SAR348.1m from SAR297.5m in the 2Q20. |
Ghacem plans construction of new 1.5Mta plant09 August 2021, Published under Cement NewsGhacem is preparing to begin construction for a new 1.5Mta plant in Kumasi, Ashanti region, which will serve the region and its surrounding areas. The MD of the Ghana-based company, Stefano Gallini, noted that the project is related to surging demand in that part of the country. Its Tema and Takoradi plants will also be expanded to improve efficiency, according to reports. The new project represents an investment of around US$100m and is expected to export products to Burkina Faso and ot... |
Lucky Cement posts 19% decrease in revenue09 August 2021, Published under Cement NewsTaiwan’s Lucky Cement has posted a 19.1 per cent YoY decline in revenue to TWD310.86m (US$11.17m) in July 2021, compared to TWD384.04m in the same month of the previous year. In the first six months of the year, the company also reported an 8.6 per cent decrease in revenue to TWD2.39bn from TWD2.61bn in the 1H20. |
Orient Cement features in The Economic Times' Iconic Brands 202109 August 2021, Published under Cement NewsOrient Cement, one of India’s leading cement manufacturers and home to brands Birla.A1 Premium Cement and Birla.A1 StrongCrete, has featured in the fourth edition of The Economic Times’ Iconic Brands 2021. Talking about the recognition, Deepak Khetrapal, MD and CEO, Orient Cement, expressed, "We are delighted that the quality of our products along with our superior customer service has been recognised. This is also an affirmation of our transparent and fair business practices, and the e... |
Birla Corp consolidated net profit rises to INR1420m in FY1Q2106 August 2021, Published under Cement NewsBirla Corp Ltd has reported a consolidated net profit of INR1425.1m (US$19.08m) in the 1QFY21-22 ended June 2021, which is 115 per cent higher over the corresponding quarter of the previous year, when net profit reached INR657.7m. However when compared with the January-March 2021 quarter, when a net profit of INR2493.3m was reported, it fell sharply. Net revenue for the quarter at INR17,491.1m represents a growth of nearly 43.1 per cent over the last year's corresponding period, when r... |
Cemex to expand capacity at its Rockfort plant by 30%06 August 2021, Published under Cement NewsCemex plans to upgrade and increase the production capacity by 30 per cent of its Rockfort cement plant in Jamaica. This planned increase would strengthen the self-sufficiency of the national cement industry, reduce dependency on cement imports and reinforce CCCL’s ability to serve the growth of the construction sector in Jamaica and the Caribbean. Cemex anticipates that once this planned expansion is finished, CCCL will increase its existing cement production capacity by approximately... |
Cementarnica Usje sees 17% rise in profit06 August 2021, Published under Cement NewsNorth Macedonia’s Cementarnica Usje has seen a 17 per cent YoY rise in net profit to MKD686.8m (US$13.2m) in the first half of the year, while operating revenue increased 18 per cent to MKD2.5bn. Domestic sales advanced 11 per cent to MKD1.6bn and sales on foreign markets was up 44 per cent to MKD827.9m. |
Lafarge Cement Zimbabwe sees 24% rise in cement volumes06 August 2021, Published under Cement NewsLafarge Cement Zimbabwe registered a 23.7 per cent increase in cement volumes spurred by growing demand in the period ended May 2021, compared to the prior year. Company secretary, Faithful Sithole, said there was a surge in demand for cement for home building in spite of the adverse impact of the COVID-19 pandemic. "In line with the 2021 strategic agenda, the business achieved volume growth leveraging on the growing market demand in the individual home builder segment as well as the o... |
Northern Region Cement sees 27% rise in net profit06 August 2021, Published under Cement NewsSaudi Arabia’s Northern Region Cement has seen its net profit rise 26.9 per cent YoY to SAR52.9m (US$14.11m) in the January-July period of 2021, compared with SAR41.65m in the first half of the previous year. However, sales decreased 1.6 per cent YoY to SAR307.19m from SAR312.2m in the 1H20. |