Cement News tagged under: corporate
Cementos Argos reports 16% rise in EBITDA25 February 2021, Published under Cement NewsColombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the year-ago period. Revenues in the October-December quarter reached COP2.32trn, down 1.1 per cent YoY from COP2.35 in the 4Q19. The company also saw a two per cent YoY increase in cement volumes during the last quarter of 2020, dispatching 3.96Mt. The rise was attributed in part to greater export activity from Cartagena ... |
Najran Cement announces net profits of SAR204m in 202025 February 2021, Published under Cement NewsNajran Cement announced its annual financial results on the Saudi Stock Exchange with a 281.8 per cent increase in its net profit to SAR204.3m (US$54m) in 2020, compared to SAR53.52m in 2019. The company attributed the increase to increased sales quantity, lower cost of sales per tonne and lower financing expenses. Najran Cement's sales increased to SAR623.2m in 2020, compared to SAR416.4m in 2019, an increase of about 49.7 per cent. Najran net profit amounted to SAR83.8m in ... |
Holcim Philippines appoints new CEO25 February 2021, Published under Cement NewsHolcim Philippines has appointed Horia Ciprian Adrian as its president and CEO, following the departure of John Stull who has led the company for three years. The appointment will be effective from 1 March. "It is an honour to be appointed as the new President and CEO of Holcim Philippines. The business in the Philippines is a significant contributor to the LafargeHolcim Group and it is truly exciting to continue the remarkable work done under John's leadership," said Mr Adrian. He has p... |
Summit Materials announces 13% increase in revenue24 February 2021, Published under Cement NewsUSA-based Summit Materials has reported a 13 per cent YoY increase in net revenue for the final quarter of 2020 to US$571.9m, compared to US$506.3m in the 4Q19. Net income remained fairly consistent YoY at US$35.2m from US$35.7m. Adjusted EBITDA increased 7.8 per cent YoY in the 4Q20 to US$130.6m against US$121.1m in the year-ago period. Sales volumes increased 24.7 per cent YoY in aggregates, 4.5 per cent in cement and 6.4 per cent in ready-mix concrete for the 4Q20. Inclusive of acquisit... |
Hanil Cement reports 3% rise in revenue24 February 2021, Published under Cement NewsSouth Korea’s Hanil Cement has seen a three per cent rise in revenue to KRW974.29bn in 2020, compared to KRW946.19bn in the previous year. Operating profit surged to KRW132.8bn from KRW58.95bn. Net profit also advanced 169.1 per cent YoY to KRW108.97bn from KRW40.5bn in 2019. |
Ssangyong Cement set to change company name24 February 2021, Published under Cement NewsSouth Korea’s Ssangyong Cement will change its company name to SsangYong C&E. The new name, which takes the first letters of cement and environment, reflects the company’s desire to promote environment-friendly values, according to the company. The change will be finalised at a regular shareholders meeting on 25 March. "For the past 60 years, we have led Korea’s cement industry and contributed to the country’s industrialisation and economic development. With the know-how we have gathered ... |
Cemex Philippines resets opening date for Antipolo plant24 February 2021, Published under Cement NewsCemex Philippines is postponing the opening of its new integrated cement plant in Antipolo City to January 2022. The original target date for completion of the project was December 2020. The US$265m kiln line will have a cement capacity of 1.5Mta. "Accordingly, the four-year income tax holiday period applicable to this project shall be reckoned from January 2022 or the actual start of commercial operations, whichever is earlier," the company said. |
Separation Technologies starts new fly ash reclamation process24 February 2021, Published under Cement NewsSeparation Technologies (Titan Cement group) has commissioned the world's first industrial-scale fly ash drying and electrostatic separation plant to reclaim fly ash from nearby coal ash basins. Located at Talen Energy's Brunner Island Steam Electric Station, the pilot facility combines Separation Technologies’ new proprietary drying and screening system and electrostatic separation for removing unburned carbon from fly ash for use in concrete construction. Removing the unburned car... |
HeidelbergCement records cement sales of 122Mt in FY2023 February 2021, Published under Cement NewsHeidelbergCement’s preliminary, unaudited figures for the full year 2020 saw the result from current operations before depreciation and amortisation rising by six per cent LfL to a record EUR3.7bn while implementation of the company's COPE action plan led to cash savings of around EUR1.3bn. Despite the decline in sales volumes, group revenue for 2020 decreased by 6.6 per cent to EUR17.6bn (previous year: EUR18.9bn). Dr Dominik von Achten, chairman of the Managing Board of Heidelber... |
Dewan Cement sees 77% fall in turnover23 February 2021, Published under Cement NewsPakistan’s Dewan Cement Ltd has seen a 76.5 per cent YoY decline in net turnover to PKR948.17m (US$5.97m) for the first half of the FY20-21, compared with PKR4.04bn in the year-ago period. The company’s net loss has also expanded to PKR382.71m from PKR172.75m. In the 2QFY20-21, net turnover fell 58.5 per cent YoY to PKR931.64m while its net loss reached PKR266.59m in the quarter. |