Cement News tagged under: corporate
Grupo Cementos de Chihuahua becomes GCC25 March 2021, Published under Cement NewsMexico-based cement producer Grupo Cementos de Chihuahua has formally approved its name change to GCC at an Extraordinary General Meeting on 23 March 2021. Luis Carlos Arias, GCC’s CFO, said: “We changed the name to GCC to better reflect our 2025 vision: to be the best cement company in North America with the proper balance of people, profit and the planet. It unifies our brand in multiple countries, mirrors the stock ticker and reflects how the market best knows us.” Luis Carlos added, “I ... |
Dangote Cement Group reports FY20 revenues of NGN1034.2bn24 March 2021, Published under Cement NewsDangote Cement Plc has released its FY20 results, reporting group revenue up 16 per cent to NGN1034.2bn (US$2718.1bn) when compared with FY19. Group EBITDA totalled NGN71.3bn, up 49 per cent on FY19 and pan-African EBITDA reached a record NGN478.1bn. Group gross profit amounted to NGN596,226m, up 16.5 per cent from NGN511,682m in FY19. Net debt at the end of the period stood at NGN337,275m. Michel Puchercos, Group CEO, said: "Despite the impact of the COVID-19 pandemic, 2020 was a reco... |
Messebo Cement resumes operations24 March 2021, Published under Cement NewsEthiopia’s Messebo Cement has now resumed production after suspending operations for four months due to fighting in the area. Melaku Alebel, Minister of Trade, has confirmed that the company has started supplying products to stabilise the cement market. While cement prices had spiked in recent weeks, following measures taken by the Ministry of Trade, the price has fallen to ETB420/100kg (US$10.14) from ETB600 in Addis Ababa. |
Titan Cement Group records FY20 revenue of EUR1607m23 March 2021, Published under Cement NewsTitan Cement Group delivered strong results in 2020, despite the uncertainty caused by the COVID-19 pandemic. Group consolidated revenue reached EUR1607m and was stable compared to the previous year. EBITDA posted a solid increase of 7.1 per cent to EUR286.2m . This was the highest EBITDA recorded since 2010. Net profit after taxes and minorities dropped to EUR1.5m (EUR50.9m in 2019) as a result of significant non-cash charges taken representing the full write-off of the EUR46.6m goodwil... |
Taiwan Cement reports company revenue of TWD114.36bn in FY2023 March 2021, Published under Cement NewsTaiwan Cement has announced its consolidated financial results for the year ended 31December 2020, as compared to the corresponding period of last fiscal year. Company r evenue amounted to TWD114.36bn (US$4.02bn) and the gross profit margin totalled 32.9 per cent compared to 29.3 per cent in FY19. Operating income was TWD31.34bn and net income was TWD25.09bn, an increase of 3.7 per cent. Edward Huang, senior vice president, said: "In 2020 Taiwan Cement made achievements i... |
Jericho Cement plant to start up in 202222 March 2021, Published under Cement NewsJericho Cement Co plans to build the first cement factory in Palestine. The Palestinian Investment Fund is supporting the project. "The cement mill is one of the most important steps toward achieving self-sufficiency," Muhammad Mustafa, head of the Palestinian Investment Fund said. The US$85m plant will be built with a cement capacity of 1.1Mta and is expected to be completed by 2022. To meet its cement demand of just over 2Mta Palestine currently imports cement from Jordan, Israe... |
Dangote Cement confirms appointment of CFO22 March 2021, Published under Cement NewsNigeria’s Dangote Cement has confirmed the appointment of Guillaume Moyen as chief financial officer, with effect from 18 March 2021. Mr Moyen joined Dangote Cement in February 2019 as Group CFO (Operations) and was appointed Acting Group CFO in March 2019. He is in charge of finance and IT and has more than 20 years’ experience in multi-national industrial and services companies, notably operating in emerging markets. |
Huaxin Cement Xiangyang Co Ltd invests CNY1.5bn in building materials industrial park22 March 2021, Published under Cement NewsThis year, Huaxin Cement Xiangyang Co Ltd is investing an additional CNY1.5bn (US$230.6m), in its original cement building materials project. Huaxin Xiangyang Building Materials Industrial Park will see the construction of an active calcium production project and a fine sand project over the next three years. The first phase of the 'Commercial-Concrete Integration' project will invest CNY40m to build a concrete production line with an annual capacity of 1Mm 3 . It is planned to be c... |
HeidelbergCement buoyed by FY20 results19 March 2021, Published under Cement NewsHeidelbergCement closed the 2020 financial year with top results in key figures. Group revenue decreased by 6.6 per cent to EUR17,606m ( previous year: EUR18,851m) in comparison with the previous year. On a like-for-like (LfL) basis, the decline amounted to 4.6 per cent. The EUR601m decrease in HC Trading's revenue due to the decision to significantly reduce fuel trading with third-party customers contributed significantly to this decline. Results from current operations before d... |
Cemex to reopen Lloseta plant19 March 2021, Published under Cement NewsCemex has signalled its intention to restart cement production at its Lloseta plant in Spain in the coming weeks, according to Ultima Hora Online. The plant closed in January 2019 but the company had to communicate to government before 15 April 2021 what its plans were regarding the fate of the plant: to resume production or shut down and dismantle the works. The cement producer will manufacture "a type of cement with specific benefits, more sustainable and resilient” with a limited produ... |