Cement News tagged under: corporate

RSS feed

Dalmia Bharat reports 603% rise in profit

05 February 2021, Published under Cement News

India’s Dalmia Bharat has seen a 603.3 per cent rise in consolidated profit after tax to INR1.83bn (US$25.1m) for the December quarter, compared to INR260m in the year-ago period. "We have emerged stronger from this crisis with our razor-sharp focus on the business fundamentals and on the well-being of our customers and our employees," said Puneet Dalmia, managing director, Dalmia Cement. During the 3QFY20-21, the company's revenue from operations climbed 18.2 per cent YoY to INR28.57bn...

BUA Cement sees 19% revenue increase

05 February 2021, Published under Cement News

Nigeria’s BUA Cement has seen a 19.3 per cent increase in revenue to NGN209.47bn (US$549.5m) in 2020, compared to NGN175.51bn in the previous year. Operating profit also climbed 15.5 per cent YoY to NGN82.5bn from NGN71.42bn. Profit after tax also rose 16.3 per cent to NGN70.51bn from NGN60.61bn in 2019.

Cem'In'Eu's Rhône Cements plant sees first clinker train arrive

05 February 2021, Published under Cement News

With the arrival of the first clinker train from the port of Sète on 21 January   2021 to Rhône Ciments in France, Cem'In'Eu marked a decisive step in the plant's industrial development. The start-up of this branch terminal facility, for which the company built 400m of track and custom containers were designed to optimise each journey, illustrate the virtue of perseverance that today leads to the start of a second industrial site for Cem'In'Eu. The start-up of Rhône Ciments marks the a...

Ramco Cements sees 4% rise in revenue

05 February 2021, Published under Cement News

India’s Ramco Cements has reported a four per cent YoY rise in revenue from operations to INR13.24bn (US$181.55m) for the December 2020 quarter. Gross earnings advanced 91 per cent YoY to INR4.03bn. However, cement sales declined 7.1 per cent to 2.6Mt from 2.8Mt in the 3QFY19-20. "The sales volume in the current quarter was impacted due to extended and above normal monsoon in Tamil Nadu, Kerala, Karnataka, AP and Telangana," said the company. Cement prices were also under pressure in all of...

UltraTech Cement receives approval to raise INR30bn

04 February 2021, Published under Cement News

India’s UltraTech Cement has received approval to raise INR30bn (US$411.42m) through the issuance of US dollar-denominated bonds. The proceeds from the issuance are expected to be used to refinance existing rupee debt, with the remainder reserved for regular ongoing capital expenditure requirements and general corporate purposes. The bonds will be offered and sold within the US in one or more tranches.

HGH appoints new President

04 February 2021, Published under Cement News

HGH has promoted Vincent Leboucher to President of the HGH Group. Current President, Thierry Campos, retires from the business after 32 years at HGH.  Vincent Leboucher, 40, graduated from the Institut d'Optique Graduate School in 2002 and joined HGH in 2003 as an electro-optics engineer. His rapid progression within the company saw him take on the position of Head of R&D in 2010 and Deputy General Manager in 2018. As Deputy General Manager he led the company alongside Thierry Campos. In...

Holcim Mexico launches Holcim Supra range

04 February 2021, Published under Cement News

Following years of research at its Center for Technological Innovation for Construction and with international support of LafargeHolcim’s Innovation Center in Lyon, France, Holcim Mexico has launched a new product range, Holcim Supra. The new product family is the only smart 3-in-1 technology that, in addition to repelling water, optimises production processes and protects works from environmental agents, keeping them in good condition for longer, says Holcim Mexico. Holcim Supra is aime...

LafargeHolcim to close Contes cement line

04 February 2021, Published under Cement News

LafargeHolcim will shut down cement production at its Contes plant in the Alpes-Maritimes region of France. Aggregate production at the site will not be affected by the reorganisation. A reorganisation plant was presented to the company’s social partners on 3 February. It is expected that 65 direct job and approximately 300 indirect jobs will be impacted by the closure is scheduled for the start of 2022.

Cemex announces plan to address US cement shortage

03 February 2021, Published under Cement News

Cemex has announced plans to optimise its supply chain to address cement shortages experienced throughout the western US. The project will leverage the company’s supply chain synergies in North America to alleviate cement shortages and project delays in California, Arizona and Nevada, according to a press release. The plans involve investing approximately US$15m to recommission a kiln with a production capacity of about 1Mta at the CPN cement plant in Hermosillo, Sonora, Mexico. This inve...

CRH Magyarország Kft receives Domestic Product certification in Hungary

03 February 2021, Published under Cement News

CRH Magyarország Kft's concrete products have won Domestic Product certification in Hungary. The Domestic Product trademark is well-known and recognised among Hungarian consumers. Locally-manufactured products with at least 50 per cent Hungarian raw materials can apply for Domestic Product certification, which in addition to Hungarian origin, also represents reliable quality. CRH Magyarország, besides being a member of the international CRH Group, represents a significant local force in...