Cement News tagged under: corporate
Northern Cement reports 37% rise in net income15 February 2021, Published under Cement NewsJordan’s Northern Cement has reported a 24 per cent decline in revenue to JOD37.19m (US$52.46m) in 2020, compared with JOD48.94m in the previous year. Gross profit advanced 29.9 per cent YoY to JOD9.27m. Net income after tax climbed 37.1 per cent to JOD6.25m from JOD4.56m in 2019. |
Yamama Cement reports revenues of SAR211m in FY2015 February 2021, Published under Cement NewsSaudi Arabia’s Yamama Cement (YSCC) registered revenue of SAR211m (US$56m) in FY20,a YoY drop of 10.8 per cent. Cement sales volumes for 4Q20 reached at 1.19Mt. Gross profit and operating income fell by 23.2 per cent YoY and 24.8 per cent YoY, respectively. For 2020 YSCC registered a volume growth of 17.9 per cent YoY. Growth was aided by strong momentum in real estate activities in the local market, reports Trade Arabia. “The operating performance during the quarter was impacted by high p... |
Flying Cement completes Punjab WHR plant15 February 2021, Published under Cement NewsThe Flying Cement Co Ltd updated the Pakistan Stock Exchange (PSX) that it has achieved another key milestone. Company Secretary, Shahid Ahmad Awan, stated that the company has successfully completed the installation and commissioning of a 7.5MW waste heat recovery power plant (WHRPP) at its site in Mangowal, Khushab district in Punjab, Pakistan. He added, “The employment of this technology will augment our ability to process waste heat absorbed in boilers to produce steam at a suitable... |
Cemex reports 10% rise in 4Q20 cement volumes12 February 2021, Published under Cement NewsCemex S AB de CV reports that in the 4Q20 EBITDA grew by double-digit growth YoY. Consolidated net sales increased by nine per cent to US$3.537bn, an increase of one per cent for the full year of 2020 when compared with 2019. Operating EBITDA rose 19 per cent in the 4Q20 to US$644m. Operating EBITDA margin rose by 1.2 percentage points to 18.2 per cent. Foreign debt declined by US$1027m in 2020. "2020 was one of the most challenging years we have faced but itv was also a remarkable ye... |
ACC posts 73% YoY rise in net profit12 February 2021, Published under Cement NewsIndia’s ACC (LafargeHolcim) has reported a 73 per cent rise in net profit to INR4.72bn (US$64.82m) in the December quarter, compared to INR2.73bn in the year-ago period. Revenue advanced two per cent YoY to INR40.66bn from INR39.7bn, while EBITDA increased 30 per cent YoY to INR7.01bn. Cement sales volumes were largely flat at 7.71Mt from 7.76Mt in the October-December 2019 period. "We are encouraged by the government's increased spending on infrastructure development, particularly roa... |
Ras Al Khaimah Cement reports 9% decline in profit12 February 2021, Published under Cement NewsUAE-based Ras Al Khaimah Cement Co has reported a nine per cent decline in net profit to AED50.71m (US$13.8m) last year, compared to AED55.71m in 2019. The company's revenue also fell 15 per cent YoY to AED153.08m from AED181.66m. During the first nine months of 2020, the company's net losses had surged to AED23.7m from AED6.4m in the year-ago period. |
National Cement 5000tpd clinker line construction advances12 February 2021, Published under Cement NewsAfter one year of construction activity and despite the pandemic situation, National Cement's 1.65Mta Ragland Cement plant modernisation project is progressing well and is on schedule. The five-stage preheater and precalciner located next to the new 13,000t blending silo is fast being erected. It will be 110m high when completed. "This structure, the tallest in the St Clair County will definitively reinforce National Cement Co of Alabama presence on the map," said National Cement. ... |
Cemex Latam Holdings announces 4Q20 EBITDA fall of 1%12 February 2021, Published under Cement NewsCemex Latam Holdings SA reported that the company's consolidated net sales and EBITDA in the 4Q20 fell by three and one per cent, respectively, compared to the 4Q19. Jesús González, CEO of Cemex Latam Holdings, commented: "I am proud of how the organisation responded to the challenge of the sudden arrival of COVID-19 in our footprint. We reacted quickly and forcefully to a highly uncertain situation, prioritising the safety of our employees and customers while ensuring business con... |
SIKA acquires Russian mortar company12 February 2021, Published under Cement NewsSika has agreed to acquire Kreps LLC, a leading mortar manufacturer in Russia. The company offers a wide range of mortar products for interior and exterior finishing, complementing the existing portfolio and geographical footprint. The acquired business generates annual sales of CHF15m (US$16.8m). The transaction is subject to clearance by the local anti-trust authorities. Kreps operates production plants in Saint Petersburg and Yekaterinburg, two geographical areas where Sika has not ... |
EAPCC appoints new managing director12 February 2021, Published under Cement NewsKenya’s East African Portland Cement Co (EAPCC) has appointed Daniel Kiprono as its new managing director, with effect from 8 February. Mr Kiprono replaces acting managing director, Stephen Nthei, who had been in the role for 18 months. |