Cement News tagged under: corporate
Semapa sees 182% rise in 4Q20 net profit02 February 2021, Published under Cement NewsPortugal-based Semapa recorded a net profit of EUR106.6m in 2020, a 14.1 per cent YoY decrease from EUR124.1m a year earlier. In the 4Q20, net income surged 182.3 per cent YoY to EUR33.8m. Consolidated turnover was down 16.2 per cent YoY to EUR1867m in 2020, of which EUR451m came from its cement segment. EBITDA reached EUR419.3m, falling 13.9 per cent from EUR486.8m in 2019, despite the group's positive developments in cement, which grew 15.3 per cent YoY, especially in Portugal. |
Eagle Materials sees 18% rise in 3Q revenues02 February 2021, Published under Cement NewsUS-based Eagle Materials Inc has reported revenues of US$404.7m in the third quarter of 2020, representing a YoY increase of 18 per cent. Commenting on the third quarter results, Michael Haack, Eagle Materials president and CEO, said, “Our third quarter results demonstrate the overall resilience of our portfolio. Despite continued pandemic-related economic uncertainty, our wallboard shipments were up nine per cent, a third quarter record for American Gypsum, and our cement shipments were u... |
Lucky Cement announces 3.15Mta Pezu expansion02 February 2021, Published under Cement NewsPakistan’s Lucky Cement Ltd has announced a further expansion to its Pezu plant on the back of positive results from the domestic cement sector. "Keeping pace with the increasing demand in the domestic cement industry, on the back of revival of economic activity and uptick in construction projects including both retail level projects as well as mega infrastructure development projects the company has decided to enhance its cement production capacity at its Pezu Plant by 3.15Mta," said the ... |
LafargeHolcim makes two bolt-on aggregate acquisitions02 February 2021, Published under Cement NewsLafargeHolcim announces the acquisition of Edile Commerciale and the signing of Cemex Rhone Alpes, both suppliers of ready-mix concrete and aggregates, located in Milan, Italy, and Lyon, France. With 35 ready-mix concrete plants, these operations strengthen LafargeHolcim’s position in areas with strong demographic trends and key infrastructure projects. These two bolt-on acquisitions add to eight similar transactions carried out by LafargeHolcim in 2020, as a key driver of its growt... |
Shree Cement reports 102% rise in net profit01 February 2021, Published under Cement NewsIndia’s Shree Cement has reported a 102 per cent YoY rise in net profit to INR6.26bn (US$85.76m) for the December quarter, compared to INR3.12bn in the year-ago period. Revenue also advanced 16.2 per cent YoY to INR33.09bn. The company’s expenses remained largely in line with the previous year at INR27.97bn from INR28.02bn. Shree Cement also reappointed Hari Mohan Bangur as managing director of the company for a further period of five years. His reappointment is expected to come into ... |
Société Ciment Côte d’Ivoire’s new plant inaugurated01 February 2021, Published under Cement NewsCôte d’Ivoire’s Minister of Trade and Industry, Souleymane Diarrassouba, inaugurated the new cement plant of Société Ciment Côte d’Ivoire (SCCI) in the PK24 Industrial zone of Akoupé-Zeudji. SCCI commissioned a 1.5Mta cement plant, which represents an investment of XOF60bn (US$110.55m). The new production unit is expected to create 300 direct jobs and 1069 indirect jobs. SCCI is a subsidiary of Atlantic Financial Group, owned by local businessman Kone Dossongui. |
JK Lakshmi Cement's sales rise 19% in Oct-Dec 202001 February 2021, Published under Cement NewsJK Lakshmi Cement Ltd recorded sales of INR11,928m (US$163.27m) in October to December 2020 compared to INR10,049.5m in October to December 2018, a rise of 19 per cent. JK Lakshmi Cement’s efforts to raise the product mix and improve efficiency parameters combined with increased demand boosted company profitability. EBITDA rose to INR2124.6m in October to December 2020 from INR1665.9m in the same period in the prior year, up 28 per cent. profits before tax stood at INR1271.5m in Octo... |
Siam Cement sees net profit rise 7% in 202029 January 2021, Published under Cement NewsThailand’s Siam Cement has reported a nine per cent decline in revenue from sales to THB399.94bn (US$13.3bn) for 2020, compared to THB437.98bn in the previous year. However, its net profit rose seven per cent YoY to THB34.41bn from THB32.01bn, on the back of an improved performance in all of its businesses. The company expects its total earnings in 2021 to grow by 5-10 per cent from the THB399bn last year, driven by high value-added product development and the circular economy. "We ha... |
Dewan Cement appoints new CEO29 January 2021, Published under Cement NewsPakistan’s Dewan Cement has announced the appointment of a new Chief Executive Officer and Director, with effect from 27 January. Malik Bilal Omar has been appointed in the role after the departure of Syed Muhammad Anwar. |
Prism Johnson to raise cement capacity29 January 2021, Published under Cement NewsPrism Johnson Ltd has approved of a 0.9Mta cement capcity expansion at Prism Cement's Satna cement plant, Madhya Pradesh, India. The new capacity will take the plants total cement capcity up to 5.4Mta. The investment is estimated to cost INR1390m (US$19.02m). |