Cement News tagged under: corporate
Twiga Cement saw profits rise 25% in 202016 April 2021, Published under Cement NewsTanzania Portland Cement (Twiga Cement) saw its pretax profit rise 25 per cent YoY to TZS107.42bn (US$46.3m) in 2020, against TZS85.87bn in the previous year. The company’s turnover and sales volumes also increased 13 and six per cent, respectively, during the year. "The operating performance of the plant and availability of the machinery was good, ensuring clinker production reached record levels," said Hakan Gurdal, chairman. Mr Gurdal said the future looks bright as cement demand in T... |
Oman Cement Co reports 16% decline in revenue16 April 2021, Published under Cement NewsOman Cement Co has reported a 15.8 per cent decline in total revenue to OMR11.76m (US$30.6m) in the first quarter of 2021, compared to OMR13.9m in the 1Q20. Net profit also fell 33 per cent YoY to OMR756,290 from OMR1.13m in the year-ago period. |
ACC Ltd outlines its new capacity projects15 April 2021, Published under Cement NewsACC Ltd (LafargeHolcim) plans to increase its clinker and cement capacities which will see an integrated greenfield project of 2.7Mta clinker capacity with 1Mta grinding unit at Ametha in Kymore, Madhya Pradesh. Expansion of the existing Tikaria grinding unit with 1.6Mta cement capacity and a grinding unit in Shonebhadra district, Uttar Pradesh, with 2.2Mta of capacity is progressing, said the company. The company also recently completed and commissioned a new grinding unit at Sindri, ... |
Grey cement production resumes at Siguaney15 April 2021, Published under Cement NewsFollowing its temporary shutdown due to technical issues at the end of last year, the Siguaney cement plant in Sancti Spíritus, Cuba, has restarted the production of grey cement. The company targets the supply of 65,000t of grey cement this year with output destined for prioritised projects and sale to the public. Despite the halting of grey cement production, the factory continued to produce white cement in the first quarter of the year, said the company’s director, Gonzalo Reina Aguila... |
Former Blue Circle director passes away15 April 2021, Published under Cement NewsAnthony J Jackson, a former director of UK-based cement multinational Blue Circle Industries PLC, sadly passed away on 29 March at the age of 87. Mr Jackson was previously the CEO of Blue Circle’s Nigerian operations, following earlier responsibilities in the UK and Australia. He was later also responsible for the Far East segment and involved in operations in Malaysia, Singapore and Indonesia. He went on to become the CEO of Blue Circle Enterprises in the UK, responsible for all non-cement... |
Tribunal issues decision in favour of Colacem for new plant14 April 2021, Published under Cement NewsCanada’s Ontario Local Planning Appeal Tribunal (LPAT) has issued a decision in favour of Colacem for a new cement plant near L’Orignal. A hearing had taken place in November and December last year, which resulted from two appeals made by opposing parties in response to planning decisions involving the plant in 2017. The tribunal found Colacem presented persuasive evidence relating to the employment benefits the cement plant will have and that the planning applications meet the require... |
Sharcem set to acquire plant from Kazakhcement14 April 2021, Published under Cement NewsSingapore-based International Cement Group (ICG) has incorporated a new subsidiary in Kazakhstan. Sharcem will be 60 per cent owned by the group’s direct subsidiary, International Cement Shar Pte, and 40 per cent owned by Nurzhan Shakirov. Sharcem has subsequently entered into a sale and purchase agreement (SPA) with Kazakhcement and the Development Bank of Kazakhstan for the sale of a cement plant and related assets in the country. The total consideration of the agreement is KZT7.07bn (US$... |
Raysut Cement announces 5% rise in revenue14 April 2021, Published under Cement NewsOman’s Raysut Cement Co has reported a five per cent increase in total revenue to OMR26.9m (US$69.95m) in the first quarter of 2021, compared to OMR25.6m in the year-ago period. The company also returned to a profit after tax of OMR102,814 against a loss of OMR4m in the 1Q20. |
Eagle Cement reports 30% fall in net sales13 April 2021, Published under Cement NewsPhilippine-based Eagle Cement Corp has reported a net income of PHP3.4bn (US$70.02m) in 2020, down 44 per cent YoY as a result of lockdown measures imposed in mid-March. "The halting of our operations due to pandemic-related restrictions took a hit on our results in the first half of 2020, but the remaining half proved that we are well-positioned to bounce back," said John Paul L Ang, CEO. Net sales declined 30 per cent to PHP13.9bn from PHP19.8bn in 2019, but the PHP8bn from sales gen... |
Kohat Cement returns to profit in 3Q13 April 2021, Published under Cement NewsPakistan’s Kohat Cement has posted a net profit of PKR1.059bn (US$6.92m) in the quarter ending 31 March 2021, compared with a PKR381.08m loss in the same period last year. Total sales for the period advanced 163 per cent YoY to PKR6.71bn against PKR2.55bn in the 3QFY19-20. Record high industry dispatches and an increase in the company’s production capacity along with higher domestic retention all contributed to the overall growth during the period. For the nine-month period ended 31 Ma... |