Cement News tagged under: corporate
Sumitomo Osaka sees 6% fall in 1H revenue11 November 2020, Published under Cement NewsJapanese cement producer Sumitomo Osaka Cement Co posted a 6.4 per cent fall in its 1H revenue ended 30 September 2020 to JPY112.12bn from JPY119.84m in the 1HFY20-21. Operation profit slipped 5.3 per cent to JPY6.02bn in the first six months of FY20-21 from JPY6.3bn in the year-ago period. Pretax profit edged down 3.9 per cent YoY to JPY6.59bn from JPY6.96bn while net profit slipped 1.3 per cent to JPY4.5bn from JPY4.56bn over the same period. Sumitomo Osaka Cement Co forecasts a revenue ... |
Raysut holds ground breaking ceremony for 1Mta Duqm grinding plant11 November 2020, Published under Cement NewsRaysut Cement Co (RCC) has held a groundbreaking ceremony for the start of the construction of its new US$30m grinding unit in Duqm in Oman. The development of the 1Mta Duqm plant raises the group's cement capacity to 7.4Mta. "Today’s groundbreaking is a milestone for RCC on two counts. It will contribute significantly to our ambitious capacity expansion targets of 10Mt by 2022 which is expected to be further scaled up to 22Mt in the near future. Second, it will help us generate m... |
Buzzi Unicem records cement and clinker sales of 21.7Mt in 9M2010 November 2020, Published under Cement NewsBuzzi Unicem announced that cement and clinker sales for the group totalled 21.7Mt in the 9M20, down 1.8 per cent compared to the previous year. Ready-mix and concrete sales contracted by 4.9 per cent to 8.7Mm 3 . Consolidated net sales stood at EUR2408m, a minor dip of 0.6 per cent on the EUR2423.6m earned in the 9M19. On a like-for-like basis net sales would have slipped 0.3 per cent. The summer period was characterised by positive developments in Italy, thanks to a better-than-expec... |
Taiwan's producers report October results10 November 2020, Published under Cement NewsTaiwan Cement Corp has reported an 8.2 per cent decline in October 2020 revenue to TWD10.29bn (US$360.7m) from TWD11.21bn in the same month of last year. Revenue also fell 6.3 per cent YoY in the January-October period to TWD92.54bn from TWD98.77bn. Elsewhere, Taiwan’s Asia Cement Corp saw October revenue climb 5.9 per cent YoY to TWD7.43bn from TWD7.02bn. However, in the 11M20, revenue slipped 15.3 per cent to TWD62bn from TWD73.23bn. Universal Cement Corp announced a largely-steady rev... |
Taiheiyo reports 14% rise in 1H net profit10 November 2020, Published under Cement NewsJapan-based Taiheiyo Cement Corp saw a 3.2 per cent drop in its revenues to JPY420.63bn (US$4bn) in the first half of the FY20-21 from JPY431.39bn in the 1HFY19-20. However, operating profit increased by 16.3 per cent to JPY26.13bn in the 1HFY20-12 from JPY22.46bn in the year-ago period while pretax profit increased 18.6 per cent to JPY26.64bn from JPY22.47bn over the same period. The company’s net profit advanced 14 per cent YoY to JPY18.46bn from JPY16.20bn. The group expects to achiev... |
Dalmia Cement sees sales volumes rise 7%10 November 2020, Published under Cement NewsIndia’s Dalmia Cement (Bharat) Ltd has seen a seven per cent YoY rise in sales volume to 4.8Mt in the second quarter of the FY20-21, on the back of strong rural demand and a pick-up in the government’s infrastructure and low-cost housing projects. The company also reported its highest ever quarterly EBITDA at INR7.02bn (US$94.68m), compared to INR4.75bn in the 2QFY19-20. Profit after tax also surged to INR2.32bn from INR360m. "The strength of our company’s foundation is visible in overall... |
LafargeHolcim Tanzania launches new pozzolana product10 November 2020, Published under Cement NewsLafargeHolcim Tanzania has launched Lafarge Tembo Pozzi, a new product to substitute fly ash, according to the Tanzania Standard. The country reportedly imports about 40,000tpa of fly ash on average. "This would help the country reduce costs on importing the fly ash. By doing this the company lives up to its promise of being a construction solution in Tanzania," said Evance Bernard, head of Dar es Salaam's sub-treasury of the Ministry of Finance and Planning. The company, also known as... |
Trinidad Cement appoints new CEO10 November 2020, Published under Cement NewsTrinidad Cement Ltd (TCL) has appointed Francisco Aguilera Mendoza as its new CEO, effective from 1 December 2020. Mr Mendoza, who was appointed to the board in 2014, currently serves as deputy chairman and will also continue in that role. The new CEO is also the vice president of Trading Americas and Group Shipping for Cemex and is thereby responsible for the trading of cement and clinker in the Americas, including in the Caribbean. Seijo Gonzalez, CEO of TCL since May 2015, is expect... |
Dangote posts 12% rise in 3Q revenue09 November 2020, Published under Cement NewsDangote Cement plc reported a revenue of NGN761.4bn (US$1.987bn) in the nine months ended 30 September 2020, representing a 12 per cent YoY rise when compared with 9M19, according to a statement by Michel Puchercos, group CEO. Group EBITDA advanced 17.1 per cent to NGN355bn. “The Cement Group’s revenue went up by 12 per cent to NGN761.4bn compared to NGN679.8bn in 2019 with domestic operations accounting for NGN535.51bn which compared to NGN467.88bn up by 14.5 per cent. Pan-Africa operati... |
LafargeHolcim restarts Pedro Leopoldo kiln lines09 November 2020, Published under Cement NewsAfter four years, LafargeHolcim has restarted the two kiln lines at its Pedro Leopoldo plant in Brazil. The work to resume the kiln Line 1 involved more than 100 professionals from various areas and were completed within the goals of time, quality, financial resource. The Pedro Leopoldo cement plant has a cement capacity of 2.2Mta and is situated in Minas Gerais, Brazil. |