Cement News tagged under: corporate
Ambuja Cements plans 1.5Mta Ropar expansion02 August 2021, Published under Cement NewsIndia’s Ambuja Cements has announced plans to expand capacity at its Ropar plant in Punjab over the next two years, representing an investment of INR3.1bn (US$41.68m). The 1.5Mta project is expected to be completed by June 2023 with the grinding unit reaching a total capacity of 4.5Mta. "We are optimistic about the growth in demand for cement in India. The expansion of our Ropar unit along with more investment in the coming years will help us unlock fresh opportunities by debottlenecking e... |
Holcim Philippines reports successful 1H2102 August 2021, Published under Cement NewsHolcim Philippines posted net sales of PHP13.661m in the first half of 2021, up 19.6 per cent when compared with PHP11.419m in the 1H20. Operating EBITDA increased to 3.151m in the 1H21 from PHP1.705m from the year-ago period while operating EBIT surged from PHP814,033 to PHP2.228m. Net profit in the 1H also surged from PHP413,834 between January-June 2020 to PHP1.631m in the January-June 2021 period. The company attributed its performance to improved market conditions along with consi... |
Caribbean Cement triples 1H profit02 August 2021, Published under Cement NewsCaribbean Cement’s profit for the first half of 2021 has tripled to JMD3bn (US$19.3m) from JMD1bn in the 1H20, on the back of stronger domestic demand. The company’s revenues increased 32 per cent YoY to JMD12.3bn. The increase in revenues and the improved efficiency in terms of operating cost control have been key in achieving the 1H21 results. |
Cemex set to reach its 2021 EBITDA guidance of US$3.1bn02 August 2021, Published under Cement NewsAfter Cemex reported strong 2Q21 results and reiterating US$3.1bn EBITDA guidance for 2021, market analysts UBS state that it has confidence that the company will reach its 2021 EBITDA guidance of US$3.1bn. This was the company's strongest financial performance in the last decade. In Mexico Cemex recorded positive results in the 2Q21 mainly on the back of strong volumes and prices. Net sales in Mexico increased 65 per cent YoY and EBITDA expanded 82 per cent YoY, driven by bagged cement... |
Cementir sees 1H net profit rise of 140%30 July 2021, Published under Cement NewsCementir reported a 16.5 per cent rise in revenues for the first half of 2021 to EUR664.5m from EUR570.4m in the 1H20. The increase reflects an 18.7 per cent rise in the sales of grey and white cement and clinker to 5.457Mt, a 31.4 per cent increase in ready-mix concrete sales to 2.515Mm3 and a 12.2 per cent uptick in aggregates sales to 5.211Mt when compared with the 1H20. EBITDA increased by 36.6 per cent to EUR133.5m in the 1H21 from EUR97.8m in the year-ago period. Group net profit adv... |
Titan Cement’s reports strong US and Greek revenues in the 1H2130 July 2021, Published under Cement NewsTitan Cement reported that in the USA the positive momentum in US fundamentals continued in the first half of the year. Revenue in the USA recorded a 10.2 per cent increase in US dollar terms in the 1H21 but was almost flat in euro terms (+0.8 per cent) at EUR479.3m. US EBITDA reached EUR81.2m, up by 1.9 per cent in US dollar terms but down 6.8 per cent in euro terms when compared with the 1H20. The discrepancy is due to higher maintenance costs in the 1H21 as well as increased logisti... |
Eagle Materials reports cement revenues up 3% in 1QFY2230 July 2021, Published under Cement NewsEagle Materials Inc's financial results for the first quarter of FY22, ended 30 June 2021 saw revenue in the Heavy Materials sector, which includes cement, concrete and aggregates, joint venture and intersegment cement revenue, reach US$315m, a three per cent YoY improvement. Heavy Materials operating earnings also increased three per cent to US$67.9m primarily because of improved cement sales prices. Cement revenue, including Joint Venture and intersegment revenue, was up three per cen... |
FLSmidth to acquire thyssenkrupp Industrial Solutions mining business30 July 2021, Published under Cement NewsFLSmidth and thyssenkrupp Industrial Solutions have reached an agreement that FLSmidth will acquire thyssenkrupp’s mining business (TK Mining) for an enterprise value of EUR325m, or approximately DKK2.4bn, according to a company announcement by FLSmidth. TK Mining is a leading full-line supplier of solutions for mining systems, material handling, mineral processing and services, which is highly complementary to FLSmidth’s offering. The acquisition is expected to create a leading global mi... |
Titan Cement International SA announces in consolidated revenues of EUR821.1m in 1H2130 July 2021, Published under Cement NewsTitan Group announced consolidated revenue amounted to EUR821.1m in the 1H21, up 4.4 per cent versus the 1H20, reflecting growing demand in most markets and a supportive pricing environment. Top line growth was held back by weaker US dollar and US dollar-linked currencies. In local currencies, growth was 11.7 per cent. Titan Group saw positive sales volume trends in all product lines. Group cement and clinker sales, including exports, increased by 11 per cent supported by higher demand ac... |
Holcim records net sales of CHF12,566m in 1H2130 July 2021, Published under Cement NewsHolcim announced 1H21 net sales of CHF12,566m (US$13,640m) compared to CHF10,693m in the 1H20, a rise of 16.6 per cent LfL. Operating profit (EBIT) reached CHF1794 up from CHF1005 in the 1H20. Net debt rose to CHF12,438m in the 1H21 up from CHF10,662m in the 1H20. Jan Jenisch, Holcim CEO, said : "As we close H1 under our new Group identity, I sincerely thank all members of the Holcim family for the teamwork and resilience they continue to demonstrate to navigate the challenges of the pand... |