Cement News tagged under: corporate
Lasselsberger Group's 700tpd white cement plant nears commercial start-up28 April 2021, Published under Cement NewsThe Lasselsberger group of Austria is preparing to launch a new 700tpd of white cement plant in the Abzelilovsky district of Bashkiria, Russia. It is the second white cement plant in Bashkiria. The Cemix plant under construction in Bashkiria will start producing its main product in May 2021. In addition to white cement, the company will produce coloured paving slabs and façade tiles. The facility is currently undergoing commissioning. According to the director of the company Ilya Dvor... |
Ecebol plant to produce 0.573Mt of cement in 202128 April 2021, Published under Cement NewsState-run Ecebol expects its plant in Oruro, Bolivia, to produce 0.573Mt of cement in 2021, according to Jose Luis Jimenez, the company’s manager. It is forecast to achieve sales of over BOB463m (US$67.2m). The plant was inaugurated in August 2019. Its output is IP-40 and IP-30 cement. |
Maple Leaf Cement sees 13% increase in sales28 April 2021, Published under Cement NewsPakistan’s Maple Leaf Cement has reported a 13 per cent rise in net sales to PKR26.1bn (US$168.29m) for the nine-month period ended 31 March 2021, up from PKR23.1bn in the year-ago period. Profit after tax also reached PKR5.52bn from a loss of PKR3.7bn in the 9MFY19-20. Clinker production declined 8.2 per cent YoY to 3.66Mt from 3.99Mt, while cement production slipped 7.6 per cent to 3.8Mt during the 9MFY20-21. Domestic sales were down 10.4 per cent to 3.55Mt from 3.97Mt, but exports sur... |
Holcim Philippines reports 81% rise in net income27 April 2021, Published under Cement NewsHolcim Philippines reported an 81 per cent rise in net income to PHP909.35m (US$18.79m) in the first quarter of 2021, compared to PHP501.54m in the year-ago period. However, revenues declined six per cent YoY to PHP6.81bn from PHP7.27bn in the 1Q20. "We delivered an excellent performance in the first quarter due to our sustained focus on Health, Cost, and Cash," said Horia Adrian, president of Holcim Philippines. The company has also announced the temporary suspension of operations a... |
DG Khan Cement reports 7% rise in revenue27 April 2021, Published under Cement NewsPakistan’s DG Khan Cement has announced a net profit of PKR2.24bn (US$14.45m) in the first quarter of 2021, compared to a PKR1.07bn loss in the year-ago period. For the 9MFY20-21, the company has reported a PKR3.25bn profit against a PKR2.01bn loss in the first nine months of FY19-20. Sales revenues also advanced 6.5 per cent YoY to PKR35.37bn in the same period. "Sales, in value terms, registered growth primarily due to stable local cement prices amid soaring cement demand. Gross profit... |
Fancesa inaugurates new Cal Orcko line27 April 2021, Published under Cement NewsBolivia’s Fábrica Nacional de Cemento SA (Fancesa) inaugurated its new production line at Cal Orcko, near Sucre. The US$215.45m investment will bring plant capacity to 2100tpd. Chairman of Fancesa’s Board of Directors, Edwin Hurtado, highlighted the important role that bondholders and national banks have played in financing part of the economic resources for the execution of the new line. “Without his participation, this long-awaited project would not have materialised.” The project has g... |
FCT Combustion appoints new Asia-Pacific CEO27 April 2021, Published under Cement NewsAndy Bailes has been announced as the new CEO of FCT Combustion (Asia-Pacific). Andy joins FCT after almost 30 years at Metso in Australia, having spent 10 years as General Manager – Engineered Product Services where he was responsible for managing a large team covering proposals, sales, technical, commercial and contractual obligation of the EP Products (grinding, pyro, process & BMH) Group within ANZ region. "I am excited to welcome Andy to the FCT team," said Con Manias, executive chai... |
LafargeHolcim reports outstanding 1Q21 results in Asia Pacific26 April 2021, Published under Cement NewsLafaregHolcim's Asia Pacific division recorded strong cement sales of 18.9Mt, and increase of 19.6 per cent from 15.8Mt in the 1Q20. Aggregate sales also rose to 7.6Mt, up 35.4 per cent on the 5.6Mt recorded in the 1Q20. Ready-mix concrete sales totalled 2Mm 3 , down 5.8 per cent from 2.1Mm 3 in the 1Q20. "The Asia Pacific region showed record performance with strong growth in cement volumes. India’s outstanding performance was supported by excellent volumes as well as effective price an... |
Hranice sees 12% increase in 2020 profit26 April 2021, Published under Cement NewsCzech cement producer Cement Hranice, owned by Germany-based Dyckerhoff AG, saw its profit rise 12.1 per cent YoY to CZK561.5m (US$26.2m) in 2020 on sales of CZK1.797bn, up 1.2 per cent YoY. "Cement and other product sales declined by 3.4 per cent YoY in 2020 owing to lower supplies to the sister Slovak company ZAPA beton," said board member Roman Michalcik. Cement sales in the Czech market totalled CZK1.386bn, while exports accounted for the rest. Domestic sales increased by around CZK4... |
LafargeHolcim improves its sustainability performance and ESG rating26 April 2021, Published under Cement NewsLafargeHolcim announced that its sustainability achievements in 2021 were ranked ranked first in its sector by Vigeo Eiris, giving the company its highest rating of A1 + . LafargeHolcim was also named best in its sector in terms of transitioning to a low-carbon economy. This rating places LafargeHolcim within the top two per cent of companies ranked worldwide. The Solar Impulse Foundation endorsed 10 LafargeHolcim green building solutions. The labelled solutions contributed to the Solar... |