Cement News tagged under: corporate
Cemex completes hydrogen technology fuel mix in Europe23 February 2021, Published under Cement NewsCemex has successfully introduced hydrogen technology as part of the fuel mix in its European cement plants. With an estimated US$40m investment programme, Cemex is also looking to extend the technology to the rest of its global operations, including Mexico, USA, South and Central America, the Caribbean, Africa and Asia. The hydrogen technology will emit zero CO 2 from combustion and will reduce fossil fuel and increase energy efficiency. Trials began at the Alicante cement plan... |
Adbri sees 4% decline in revenue for 202023 February 2021, Published under Cement NewsAustralia-based Adbri Ltd has announced a 4.1 per cent decrease in revenue to AUD1454.2m (US$1.15bn) in 2020, compared to AUD1517m in the previous year. The result has been attributed to the impact of lower residential activity on cement and concrete volumes. However, reported net profit after tax advanced 98.1 per cent YoY to AUD93.7m from AUD47.3m. "In the context of the challenging operating environment, the financial outcomes we delivered for FY20 are better than we had expected and ... |
Cemex makes key EMEAA investments at the start of 202123 February 2021, Published under Cement NewsCemex has started 2021 by investing for growth and its climate action strategy in Europe, Middle East and Africa (EMEAA). It has made seven bolt-on investments that are aligned to its key priorities of climate action, sustainable construction and EBITDA growth, representing advances in fossil fuel reduction, lower-CO 2 products, circular economy, recycling and products that demonstrate life cycle CO 2 and energy consumption advantages for buildings. The investments include a new, low... |
DG Khan Cement sees 161% rise in profit22 February 2021, Published under Cement NewsPakistan’s DG Khan Cement recorded a 160.8 per cent surge in profit to PKR1.3bn (US$8.17m) for the quarter ending 31 December 2020, compared with PKR500.7m in the year-ago period. The increase has been attributed to a rise in retention prices and falling maintenance and repair costs. Sales declined 4.2 per cent YoY to PKR12.3bn from PKR12.9bn in the 2QFY19-20. Cement offtake also decreased seven per cent to 2.08Mt. |
Fauji Cement sees sales up 15% YoY22 February 2021, Published under Cement NewsPakistan’s Fauji Cement has seen a 378 per cent rise in profit to PKR905.2m (US$5.69m) for the October-December 2020 period, supported by higher retention prices. Sales also advanced 15 per cent YoY to PKR6.1bn against PKR5.3bn in the 2QFY19-20. Cement dispatches fell two per cent YoY to 914,000t. |
New cement capacity in Punjab planned22 February 2021, Published under Cement NewsFauji Cement and DG Khan Cement plan new capacity in Punjab, Pakistan. Top industry officials believed that construction activity is picking up, and that there will be a significant spend on infrastructure. Thus, both cement companies' Board of Directors have decided to invest in additional cement capacity. Fauji Cement has approved the setting up of a 2.05MMa greenfield cement plant in Dera Ghazi Khan. The project's construction work is expected to commence within the current financial y... |
Ambuja Cement increases volumes by 7% in 4Q2019 February 2021, Published under Cement NewsLafargeHolcim's Indian subsidiaries, Ambuja Cement and ACC Ltd, reported high sales volumes in the 4Q20. Ambuja Cement's financial performance for the 4Q20 saw volumes grow by seven per cent, while ACC Ltd's net sales during the quarter increased to INR40,660m (US$560.1m) compared to INR39,700m last year. Ambuja Cement 4Q20 Ambuja Cement's sales were supported by strong prices and a 14 per cent YoY growth in net sales. Net sales during the quarter stood at INR34,680m compared to INR30,3... |
Saudi Cement Co sees 9% rise in revenue19 February 2021, Published under Cement NewsSaudi Cement Co has seen its net profit edge up one per cent YoY to SAR456m (US$121.6m) in the full-year 2020 period. The rise in annual net earnings was attributed to improved sales and other income, coupled with decreasing general, administrative and financing expenses. Revenue advanced 8.9 per cent YoY to SAR1.57bn from SAR1.44bn in 2019. |
Ambuja Cement and ACC renew Master Supply Agreement19 February 2021, Published under Cement NewsThe Board of Directors of ACC and Ambuja Cement (LafargeHolcim group) have renewed their existing Master Supply Agreement for three years. In 2018 both companies entered into agreement for supply of cement, clinker and other raw materials such as fuels, fly ash, slag and gypsum besides spare parts used in the factories. As per the pricing formula, both the companies will offer five per cent discount for cement supply to each other on their average net selling price. ACC has a... |
SCG reports 4Q20 profits of THB8048m18 February 2021, Published under Cement NewsSCG reported 4Q20 profit of THB8048m (US$261.8m), a decrease of 17 per cent QoQ. EBITDA fell by four per cent QoQ to THB18,300m, largely from reduced cement building materials performance resulting from a continued economic slowdown due to COVID-19, heavy rainfall and floods in the region, and recognition of CBM’s asset impairments in 4Q20 from Myanmar and Indonesia cement operations. Sales revenue decreased by four per cent QoQ to THB97,250m from seasonally weak cement demand, effect fro... |