Cement News tagged under: corporate
Dangote defends Nigerian cement prices13 April 2021, Published under Cement NewsDangote Group’s Executive Director, Devakumar Edwin, has confirmed that its ex-factory price for bagged cement in Nigeria is between NGN2450 (US$6.43) in Obajana and Gboko and NGN2510 in Ibese. The clarification has been made amid reports that the company sells cement in Nigeria at higher prices than in its other markets, particularly in Ghana and Zambia, according to Vanguard. While a bag of cement sells for an equivalent of US$5.1 in Nigeria, it sells for US$7.2 in Ghana and US$5.95 in ... |
Titan Cement Group releases 2020 integrated annual report13 April 2021, Published under Cement NewsTitan Cement Group has published its 2020 integrated annual report, which outlines the group's financial, as well as environmental, social and governance (ESG) performance. New ESG targets for 2025 and beyond have been set, underlining the group's enduring commitment to sustainability and value creation for all. An ambitious CO 2 reduction target is set at -35 per cent by 2030, compared to 1990 levels, with the group embracing the vision of the European Green Deal and the Global Ceme... |
Cemex to acquire Eqiom Granulats assets13 April 2021, Published under Cement NewsCemex has signed an agreement to expand its French network with the acquisition of aggregate assets in the northern Paris metropolitan area. Cemex will acquire some assets of Eqiom Granulats, including two strategically-located aggregate quarries and a rail-enabled platform that will improve customer service in Paris and surrounding areas. "This acquisition will allow us to better serve our customers by integrating and complementing our portfolio to provide a comprehensive and ... |
LafargeHolcim to vote on group name change at AGM12 April 2021, Published under Cement NewsAt this year's LafargeHolcim AGM, on 4 May 2021, shareholders will be asked to vote on changing the group company name from LafargeHolcim Ltd to Holcim Ltd. As the company transforms to become the global leader in innovative and sustainable building solutions, the Board of Directors recommends simplifying its name for efficiency and impact, while building on the group's legacy. All market brands will remain in existence, as the drivers of the company's market success, building value and tr... |
Orient Cement's INR21bn project cleared to begin12 April 2021, Published under Cement NewsIndia’s environment ministry has reportedly cleared Orient Cement’s INR21bn (US$280.27m) expansion plan for its Telangana plant, according to the India National Press. In 2017 the company announced its plans to expand its Devapur plant in Telangana and Chittapur unit in Karnataka for an estimated capital expenditure of INR36bn. However, the plans were stalled and were with the environment ministry for the last two years as an expert panel sought several clarifications. |
Votorantim ends 2020 with net revenue of BRL16.7bn09 April 2021, Published under Cement NewsVotorantim Cimentos ended 2020 with global net revenue of BRL16.7bn (US$2.98bn), an increase of 29 per cent compared to 2019. This result can be primarily explained by the increase in sales volume in Brazil, Canada and the USA, and by the positive impact of the devaluation of the real on the results of the other regions. Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) was BRL3.8bn, an increase of 43 per cent over the previous year, with ... |
NCL Industries reports 33% increase in production09 April 2021, Published under Cement NewsIndia’s NCL Industries has reported a 33 per cent YoY rise in cement production to 691,136t in the 4QFY20-21, compared to 519,339t in the year-ago period. Cement dispatches also advanced 38 per cent to 701,949t from 508,392t. The company’s production of cement boards reached 19,740t, while board dispatches was at 22,188t during the final quarter of the FY20-21. |
New Agadir plant to enter production in July09 April 2021, Published under Cement NewsLafargeHolcim’s new cement plant in Souss-Massa, 45km southwest of Agadir, Morocco, is expected to be commissioned at the end of July. The 1.6Mta plant represents an investment of MAD3bn (US$334.6m) and is equipped with the latest technologies, in line with the company’s “Plant of Tomorrow” concept. It will include automation, robotic, artificial intelligence and predictive maintenance technologies. Moreover, from 2023, the plant will be supplied with wind power and use alternative fuels. |
Qatar National Cement sees 38% rise in sales09 April 2021, Published under Cement NewsQatar National Cement has reported a 38.4 per cent YoY rise in sales to QAR229.85m (US$63.14m) for the first quarter of 2021, compared to QAR166.1m in the year-ago period. Net profit for the quarter also advanced 29.3 per cent YoY to QAR70.42m from QAR54.44m in the 1Q20. |
Votorantim's regional results rise in 202009 April 2021, Published under Cement NewsAccording to the National Cement Association (SNIC) cement sales in Brazil grew 11 per cent YoY in 2020, which also boosted the recovery of prices in the local market. The growth was driven by changes in consumption patterns in the country during the pandemic that led to an increase in civil construction, by the emergency aid granted by the federal government, and by low interest rates, which also resulted in the recovery of the real estate market. Votorantim Cimentos’ net revenue... |