Cement News tagged under: corporate
Cemex Latam Holdings records net sales decline of 8% in 3Q2029 October 2020, Published under Cement NewsCemex Latam Holdings announced that its consolidated net sales declined by eight per cent in 3Q20 and EBITDA improved by 19 per cent compared to 3Q19. A controlling interest net loss of US$109m was recorded during the 3Q20. Operating EBITDA in Colombia reached US$28m, 59 per cent higher on a like-to-like basis compared to 3Q19. Net sales rose by one per cent to US$115m on a like-to-like basis compared to 3Q19. In Panama operating EBITDA reached US$1m up 54 per cent compared with 3Q19. ... |
Dangote's IPO on LSE not expected until 202329 October 2020, Published under Cement NewsNigeria’s Dangote Cement is not expected to attempt an initial public offering on the London Stock Exchange until at least 2023, according to News 24. "The London listing is not something which will happen in the short to medium term," said Temilade Aduroja, head of investor relations. "We are focussed on our export strategy and increasing our foreign-currency revenue." |
Semen Indonesia looks to optimising market opportunities in pandemic29 October 2020, Published under Cement NewsPT Semen Indonesia (Persero) Tbk (SIG) has prepared a range of business strategies during the COVID-19 pandemic, including optimising the company’s market potential. "The impact of this pandemic economically is very broad, so the health sector problems affect all sectors. But what we are doing is responding to today's challenges, ”said Director of Marketing and Supply Chain, Adi Munandir. The company is also targeting government projects as the public sector remains “sold in the midst of a... |
Eastern Province Cement posts 19% rise in profit28 October 2020, Published under Cement NewsSaudi Arabia’s Eastern Province Cement reported a net profit of SAR43m (US$11.47m) in the 3Q20, rising 19.4 per cent YoY from SAR36m in the year-ago period. However, the company's revenues declined by 8.6 per cent to SAR159m from SAR174m in the 3Q19. During the first nine months of 2020, the company's net profits rose 38.6 per cent YoY to SAR158m from SAR114m in the corresponding period of 2019. Its revenues also advanced 4.9 per cent to SAR539m against SAR514m in the 9M19. |
Caribbean Cement sees sales increase 11% in 9M2028 October 2020, Published under Cement NewsJamaica’s Caribbean Cement has seen its sales rise 11.1 per cent YoY to JMD15bn (US$102.8m) in the 9M20, compared to JMD13.5bn in the year-ago period. The company’s gross profit of JMD7bn from the first nine months of this year equates to what the company made in the full-year 2019 period, according to the Jamaica Gleaner. In the third quarter of 2020, the company saw profits reach JMD1.2bn from JMD5.8bn of revenue. This compares to the JMD77m profit in the 3Q19 from sales of JMD4.4bn. ... |
Indocement sales fall 9% in 9M2028 October 2020, Published under Cement NewsHeidelbergCement-owned Indocement posted sales of 11.7Mt in the January-September 2020 period, down 8.6 per cent when compared with the 9M19. The drop in sales is attributed to the impact of the COVID-19 pandemic. Indocement expects full-year sales to decrease by 5-7 per cent YoY. |
BCPAR joint venture buys CRH's Brazilian assets27 October 2020, Published under Cement NewsCompanhia Nacional de Cimento (CNC), a wholly-owned subsidiary of BCPAR SA, company in which Buzzi Unicem holds 50 per cent of the share capital in a joint venture with Grupo Ricardo Brennand, has signed a purchase agreement for the businesses of the CRH group operating in Brazil. The CRH companies operating in Brazil own three integrated cement plants and two grinding units in the southeast. The acquisition will result in a significant strengthening of BCPAR, which also operates i... |
China Shanshui Cement sees operating revenue decline 5%27 October 2020, Published under Cement NewsChina Shanshui Cement has seen its profit attributable to shareholders decline 6.7 per cent YoY to CNY2.33bn (US$346.97m) for the nine months ended 30 September 2020. Operating revenue also decreased 4.6 per cent YoY to CNY15.31bn in the 9M20. |
Kohat Cement Co announces US$21.67m expansion programme27 October 2020, Published under Cement NewsKohat Cement Co Ltd (KOHC) in Pakistan announced a big expansion programme in the north of the country at an estimated cost of PKR3.5bn (US$21.67m). KOHC will implement three projects at the plant site in Kohat in Khyber Pakhtunkhwa. The company is setting up a 16.2MW coal-fired boiler at an estimated cost of PKR1.04bn. This will result in energy cost savings and availability of other power sources, the company believes. KOHC is also to undertake construction of a 6700tpd production l... |
Hail Cement sees 200% increase in profit26 October 2020, Published under Cement NewsSaudi Arabia’s Hail Cement Co has reported a 200.4 per cent rise in profits to SAR22.8m (US$6.08m) for the third quarter of 2020, compared with SAR7.59m in the year-ago period. Revenue also increased 15.2 per cent YoY to SAR71.7m in the 3Q20. During the period from January to September, the company’s profits surged to SAR84.8m, an increase of 200.5 per cent YoY. |