Cement News tagged under: corporate
Gulf Cement Co sees net loss widen in 202011 February 2021, Published under Cement NewsUAE-based Gulf Cement Co has posted a net loss of AED273.5m (US$74.47m) in 2020, compared to a net loss of AED26.8m in the previous year. The company’s revenue also declined 22 per cent YoY to AED345.9m from AED443.6m in 2019. |
Yanbu Cement prepares to shutdown Line No 4 for 60 days11 February 2021, Published under Cement NewsYanbu Cement announced that its production line No 4 will be shut down for 60 days from the 15 February 2021, in line with the implementation of its strategic plan of modernisation, according to a bourse filing. Cement sales will not be impacted by the suspension of the production line, given the sufficiency of its clinker strategic stocks, reports the company. Meanwhile, production line No 5, which represents 60 per cent of the company's total capacity, will continue at full capac... |
FLSmidth reports 22% decline in cement order intake in 202010 February 2021, Published under Cement NewsFLSmidth’s order intake in 2020 was on par with last year, comprising 13 per cent growth in mining and a 22 per cent decline in cement. Including currency effects and acquisitions, total order intake decreased by five per cent to DKK18,524m (US$2490m). FLSmidth Group CEO, Thomas Schulz, commented: "2020 was impacted operationally and financially by the pandemic, which has presented both challenges and opportunities for FLSmidth. Our employees have done a tremendous job handling this cr... |
Schwenk invests in cement mill and multichamber silo10 February 2021, Published under Cement NewsSchwenk Zement plans to start operation of an additional cement mill and multichamber cement storage silo at its Broceni plant in Latvia at the end of this year. The completion of the project will enable more efficient use of the existing capacity at the facility, expand the range of cement produced with more environmentally-friendly product types and look towards new export markets. "We already export about 70 per cent of the cement produced in Brocēni to the Nordic countries and we can... |
Taiheiyo Cement 9M net profit advances 22% YoY09 February 2021, Published under Cement NewsJapan-based Taiheiyo Cement Corp saw its 9MFY20-21 revenues ended 31 December 2020 slip by 1.6 per cent to JPY652.71bn (US$6.23bn) from JPY662.99 in the year-ago period. However, operating profit advanced by 14.3 per cent from JPY42.16bn in 9MFY19-20 to JPY48.2bn in the 9MFY20-21.Pretax profits rose 16.4 per cent from JPY42.41bn to JPY49.35bn in the April-December 2020 period while net profits were up 21.6 per cent to JPY37.15bn from JPY30.54bn over the period. The company expects revenu... |
Lehigh Hanson's US$600m expansion project resumes08 February 2021, Published under Cement NewsLehigh Cement Company completed construction of a concrete slipform silo as part of resuming its US$600m expasnion project at the Mitchell plant in Texas, USA. Lehigh broke ground on the project in October of 2019 and began preparing the site for the large project. However, COVID-19 delayed the company’s progress with the project. Now the project has resumed with the construction of the 160ft concrete slipform silo. Tracy Crowther, plant manager Lehigh Mitchell plant, explains ... |
Mangalam Cement posts 201% rise in net profit08 February 2021, Published under Cement NewsIndia-based Mangalam Cement reported standalone net profit of INR374.5m (US$5.1m) for the quarter ended 31 December 2020, a 201.1 per cent advance when compared with the equivalent period in 2019. Net revenue increased by 10.2 per cent YoY to INR3.4049bn in the last quarter of 2020 from INR3.0904 in the corresponding quarter of the previous year. Operating expenses declined by 2.3 per cent YoY to INR2.621bn during the October-December 2020 quarter from INR2.682bn in the year-ago period.... |
ACC has groundbreaking ceremony at Kymore08 February 2021, Published under Cement NewsACC carried out the groundbreaking ceremony of its 2.7Mta integrated plant with a 1Mta grinding unit at Ametha in Kymore, Madhya Pradesh, India, on 6 February 2021. The line has a 9500tpd kiln with precalciner and a 15MW waste heat recovery system (WHRS). The generation of sustainable power through the WHRS is expected to reduce energy consumption of fossil fuel-based grid power and lead to a reduction in CO 2 emissions of 140,000tpa. In addition, the project will create over 5000 direc... |
Ambuja Cement to start biofuel sea trials08 February 2021, Published under Cement NewsAmbuja Cement (LafargeHolcim group) is commencing sea trails for using biofuels in its fleet of captive ships, Ambuja Mukund, a move which is estimated to reduce carbon emission by around 25 per cent, claims the company. "With the introduction of biodiesel blends, we are significantly contributing towards the reduction of GHG emissions by introducing a suitable alternate green fuel that helps achieve our parent, LafargeHolcim’s sustainability vision of net zero pledge 2030," said the ... |
Cementir's preliminary 2020 consolidated results achieve revenues of EUR1224.8m05 February 2021, Published under Cement NewsCementir's preliminary consolidated results for 2020 achieved record revenue from sales of EUR1224.8m, up 1.1 per cent from EUR1211.8m in 2019. EBITDA remained stable at EUR263.7m. Sales volumes of grey and white cement and clinker totalled 10.71Mt, up 12.9 per cent from 9.49Mt in 2019 This increase is mainly attributable to the performance of the company in Turkey where cement volumes rose by 39 per cent. Ready-mix sales volumes rose to 4.44Mm 3 , up 7.8 per cent on 4.12Mm 3 in 2019. Re... |