Cement News tagged under: corporate
India Cements recovers in 4QFY2125 May 2021, Published under Cement NewsIndia Cements has reported a standalone net profit of INR716.3m (US$9.84m) in the final quarter of FY20-21, against a net loss of INR1.11bn in the corresponding period of the previous fiscal. Net income advanced 24.9 per cent YoY to INR14.61bn from INR11.69bn. In the full-year period, the company’s EBITDA was up 35 per cent YoY to INR8.3bn from INR6.13bn in the FY19-20. Profit after tax also improved to INR2.22bn from a loss of INR360m. |
Ramco Cements posts 47% rise in net profit25 May 2021, Published under Cement NewsIndia’s Ramco Cements has reported a 47 per cent rise in net profit to INR2.14bn (US$29.4m) in the final quarter of the FY20-21, compared to INR1.46bn in the year-ago period. Net revenue advanced 17 per cent YoY to INR16.40bn from INR14bn in the 4QFY19-20, while EBITDA increased 58 per cent from INR2.91bn to INR4.59bn. Ramco’s cement sales were also up to 3.21Mt from 2.93Mt. However, in the full-year period, cement sales declined 11 per cent YoY to 9.98Mt from 11.2Mt. Revenue decreased 1... |
HeidelbergCement sells US West region assets to Martin Marietta24 May 2021, Published under Cement NewsAs part of its portfolio optimisation and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities in the US West region to the US based company Martin Marietta Materials, Inc. The sale price is US$2.3bn in cash. "The sale of our US West region activities is a major step in our portfolio optimization as part of our 'Beyond 2020' strategy," said Dr Dominik von Achten, chairman of the Managing Board of Heidelbe... |
Republic Cement launches AI tool to optimise raw mix24 May 2021, Published under Cement NewsPhilippines-based Republic Cement is rolling out a new AI tool to all its cement plants to reduce its CO 2 emissions and produce a stronger cement. The tool will optimise concentrations of raw ingredients in the cement mix by harnessing complex algorithms to save time and resources in its Bulacan and Batangas works as well as running the software as a pilot in its Teresa works in Rizal. “Our next step is to deploy this in all sites by the end of the year,” said Republic Cement’s Vice Pres... |
Complaint filed against Lehigh Cement's proposed acquisition of Keystone Cement24 May 2021, Published under Cement NewsThe Federal Trade Commission is seeking to block Lehigh Cement Co LLC’s US$151m acquisition of rival Pennsylvania-based cement producer Keystone Cement Co (Element Group), alleging the deal would harm regional competition in the market. Lehigh (HeidelbergCement group) owns multiple competing factories that sell cement in Keystone markets, including two cement plants located within 40 miles of Keystone’s plant in Bath, Pennsylvania. The Commission filed an administrative complaint and aut... |
Cem'In'EU's Rhône plant received CE marking24 May 2021, Published under Cement NewsCem’In’EU has announced that its Rhône Cements site has obtained CE marking for all of its cements, both bulk and bags. This follows long-term and particularly-demanding management of quality and the implementation of a 4.0 technology ensuring the regularity and traceability of production. The plant has also completed its first shipment with the European cement in a 25kg bag. |
JK Lakshmi Cement reports 37% rise in net profit21 May 2021, Published under Cement NewsIndia’s JK Lakshmi Cement has reported a 37 per cent YoY rise in standalone net profit to INR1.38bn (US$18.99m) for the quarter ending 31 March 2021, compared with INR1.01bn in the year-ago period. Revenue from operations also advanced 24.6 per cent YoY to INR13.22bn, while the EBITDA margin climbed to 20.3 per cent from 19 per cent in the 4QFY19-20. "Despite a hike in the prices of inputs like petcoke, diesel, fly ash and gypsum, JKLC has improved its profitability on account of substantia... |
Asia Cement creates shore power solution for vessels21 May 2021, Published under Cement NewsTaiwan’s Asia Cement Corp has announced the completion of a full shore power project for its cement vessels, which will see its cement carriers use the onshore Taipower energy supply instead of using on-board generators while berthing at port. The project is expected to save over 1474t of fuel per year and effectively cut 5329t of CO 2 emissions. Asia Cement currently has four cement carriers that transport cement from its Hualien plant to various ports of Taiwan and overseas markets. In ... |
Votorantim Cimentos reports BRL22m net profits in 1Q2120 May 2021, Published under Cement NewsVotorantim Cimentos ended the 1Q21 with net profit of BRL227m (US$42.8m), reversing the BRL380m loss posted in the 1Q20. The company's global net revenue in the first quarter of the year was BRL4bn, an advance of 46 per cent in comparison to the same period in 2020, as a result of an increase in sales volume in all regions where it operates, combined with the positive impact of the devaluation of the real against foreign currencies in its international operations. The compan... |
Holcim Argentina inaugurates US$120m new line20 May 2021, Published under Cement NewsHolcim Argentina has inaugurated a new line at its Malagueño plant in Cordoba, following an investment of around US$120m. The project included the construction of a new kiln line, a state-of-the-art vertical roller mill and a dispatch centre. The new clinker production line will increase capacity by 512,000tpa or 45 per cent. The new mill also adds an additional 630,000t, taking total plant capacity to 4.7Mta. "The new line is a big bet on the domestic market and responds to the growing n... |