Cement News tagged under: corporate
HeidelbergCement sees revenue up 1% in 1Q2106 May 2021, Published under Cement NewsHeidelbergCement has seen its revenue increase 0.7 per cent YoY to EUR3958m for the first quarter of 2021, or up four per cent on a like-for-like basis. The result from current operations before depreciation and amortisation (RCOBD) surged 33 per cent to EUR538m, while the result from current operations rose 280 per cent YoY to EUR233m. "HeidelbergCement has made an excellent start to 2021," said Dr Dominik von Achten, chairman of the Managing Board. "In all group areas, we have once agai... |
Vicat reports 15% YoY surge in sales for 1Q2106 May 2021, Published under Cement NewsVicat Group’s consolidated sales in the first quarter of 2021 reached EUR707m from EUR615m in the 1Q20, up 14.9 per cent on a reported basis and 22.1 per cent at constant scope and exchange rates. The group saw the benefits of a highly favourable base comparison in the first quarter given the impact of the pandemic and the government measures taken to address it in March 2020 and more generally during the first six months of 2020. However, the first-quarter performance not only exceeded tha... |
Cementir sees 49% rise in EBITDA for 1Q2106 May 2021, Published under Cement NewsCementir Holding has reported a 12.6 per cent YoY increase in group revenue to EUR300.5m for the first quarter of 2021, compared to EUR266.9m in the 1Q20. EBITDA rose 49.4 per cent YoY to EUR48.1m from EUR32.2m, while its EBITDA margin advanced to 16 per cent from 12.1 per cent. "In the first quarter of 2021, the group reported results above our expectations, with revenues up by over 12 per cent, EBITDA by 49 per cent and EBIT by over 300 per cent compared to the same period of 2020. Thes... |
Martin Marietta reports record adjusted EBITDA06 May 2021, Published under Cement NewsUSA-based Martin Marietta Materials reported a 0.3 per cent increase in cement shipments for the first quarter ended 31 March 2021, despite the winter storm that shut down the company’s cement operations for 11 days in February. The company’s Midlothian facility in north Texas experienced double-digit shipment growth for the quarter, demonstrating robust demand in the Dallas/Fort Worth metroplex that offset weather-related impacts and reduced energy-sector activity in south and west Texas... |
Solidia Technologies names new CEO06 May 2021, Published under Cement NewsSolidia Technologies has announced a US$78m funding round and named Bryan Kalbfleisch as its new chief executive officer. The company noted that the funding round attracted a range of leading investors committed to advancing low-carbon solutions for industry. The new funding will support the continued development and deployment of leading technologies to accelerate the decarbonisation of critical building materials industries, it said in a statement. Mr Kalbfleisch stated: "Joining Solid... |
FLSmidth sees order intake rise 6% QoQ05 May 2021, Published under Cement NewsFLSmidth has seen its order intake increase for the third consecutive quarter in January-March 2021, rising six per cent QoQ, but the organic order intake decreased 19 per cent YoY against the exceptionally strong 1Q20. The order backlog increased nine per cent to DKK16,251m (US$2.62bn) from DKK14,874m in the 4Q20. Revenue declined 18 per cent YoY to DKK3,713m from DKK4,525m in the first quarter of 2020, comprising a seven per cent decrease from the mining segment and a 23 per cent decline ... |
YTL Cement completes divestment of China subsidiary05 May 2021, Published under Cement NewsYTL Cement (Hong Kong), a subsidiary of YTL Corp Bhd, has finalised the disposal of its 100 per cent equity interest in Zhejiang Hangzhou Dama Cement Co Ltd (Dama Cement), according to local press reports. Dama Cement owns a cement plant in Lin’an district, Zhejiang Province, China. YTL Cement invested in the company in 2007 and has seen aggregate returns of about CNY1.3bn (US$200.8m), said a statement. The price of the disposal was undisclosed. “This is an ideal time for us to make an e... |
LafargeHolcim makes Greek acquisitions05 May 2021, Published under Cement NewsGreece-based Heracles Group (LafargeHolcim) has signed an agreement with HeidelbergCement’s Halyps subsidiary, which will see Heracles acquire its aggregates business and two ready-mix concrete plants in Athens, Greece. The acquisition will strengthen the company’s position to support Athens’ thriving metropolitan area and key infrastructure projects with sustainable building solutions, according to a press release. This is LafargeHolcim’s fifth bolt-on acquisition in 2021. "I am excited ... |
CSN reports stable quarterly cement performance05 May 2021, Published under Cement NewsBrazil-based cement producer CSN said 1Q21 net revenue for its cement division reached BRL277m (US$50.9m). The company said this was a “stable performance compared to the previous quarter, even considering a lower sales volume (-3.6 per cent) caused by seasonality.” The company also reported marginally higher unit costs due to a maintenance outage which led to an EBITDA of BRL103m, with an EBITDA margin of 37.2 per cent. According to the latest data by the National Union of the Cement In... |
SCG's 1Q21 cement and building products revenue up 15% QoQ05 May 2021, Published under Cement NewsThailand-based Siam Cement Group has seen revenue from its cement and building products business reach THB46,185m in the 1Q21, an increase of 15 per cent compared to the previous quarter. However, revenue was flat compared to a year earlier due to regional demand weakness and the planned maintenance of its Cambodia cement plant during the period. Profit in the segment during the 1Q21 was THB2809m, an increase from the year-ago period due to effective cost management and seasonal factors. ... |