Cement News tagged under: corporate
Lucky Cement's Iraqi clinker plant set for December start-up26 October 2020, Published under Cement NewsLucky Cement Ltd of Pakistan has set a target date of 20 December 2020 for the start-up of its 1.2Mta greenfield clinker unit, in Samawah, Iraq. Lucky Cement 's Chairman, Muhammad Yunus Tabba, and CEO, Mohammad Ali Tabba, informed the Pakistan Stock Exchange (PSX) in a notification of the preferred date for the start-up. This was possible due to an opening of Pakistan's airspace, which enabled additional workforce for the construction of the preheater/kiln, refractory and electrical ... |
Cemex exported 9% of Mexican output in 201926 October 2020, Published under Cement NewsCemex exported nine per cent of its Mexican cement sales in 2019. according to CE NAFTA 2.0. The company’s data show that 67 per cent of exports were delivered to US customers while the remaining 33 per cent were shipped to other Latin American countries. Exports were mainly in the form of cement although the company also shipped some clinker. |
Ambuja Cements reports 51% increase in net profit23 October 2020, Published under Cement NewsIndia’s Ambuja Cements reported a 50.5 per cent YoY rise in consolidated net profit to INR8.04bn (US$109.15m) for the July-September quarter this year, compared to INR5.34bn during the year-ago period. Standalone profits also surged 88 per cent YoY to INR4.41bn, mainly on account of the company’s cost reduction programmes and volume growth. "Robust improvements in operational efficiency and cost reduction programmes coupled with volume growth, have led to an earnings increase for the quarte... |
Gharibwal Cement sees revenue advance 27% YoY23 October 2020, Published under Cement NewsPakistan’s Gharibwal Cement has reported a 27 per cent YoY rise in unaudited revenue for the quarter ending 30 September 2020, increasing to PKR2.6bn (US$16.19m) from PKR2.06m. The company also returned to a net profit of PKR263.3m from a PKR235.3m loss in the July-September 2019 period. |
UltraTech Cement records net sales of INR102.31bn in 2QFY2122 October 2020, Published under Cement NewsUltraTech Cement Ltd (Aditya Birla group) announced earned consolidated net sales of INR102.31bn (US$1.389bn) in 2QFY21 compared to INR94.86bn in 2QFY20. Profit after tax was INR1234m for the financial period ended 30 September 2020. On a standalone basis, net sales stood at INR98.95bn in 2QFY21 compared to INR91.23bn in 2QFY20. Profit before interest, depreciation and tax in 2QFY21 was INR26,990m and profit after tax was INR12,090m. Operating margins reached 27 per cent and for t... |
Yamama Cement sees revenues of SAR58.12m in 3Q2021 October 2020, Published under Cement NewsYamama Cement (YSCC) posted a revenue of SAR218m (US$58.12m) in 3Q20, a YoY growth of 16.6 per cent. Cement volumes grew by 24.9 per cent in 3Q20 compared to 3Q19 at 1.13Mt. Gross profits and operating income increased by 27 per cent YoY and 33.4 per cent YoY respectively, aided by higher volume and the resulting operating leverage. For the nine months, YCC registered a volume growth of 23.9 per cent YoY. Growth was aided by strong momentum in real estate activities in the local... |
Shiva Cement to set up new 4000tpd unit21 October 2020, Published under Cement NewsIndia’s Shiva Cement has announced plans to set up a new 4000tpd clinker unit and 1Mta grinding plant. The total cost of the project is expected to reach INR15.3bn (US$208.02m), with the ground-breaking ceremony expected to take place on 22 October 2020. The company also reported a net loss of INR62.6m in the quarter ending September 2020, compared with a net loss of INR62.3m in the year-ago period. Net sales declined 6.5 per cent YoY to INR52.3m, according to the Business Standard. |
Carthage Cement sees reduced COVID-19 impact on 3Q results21 October 2020, Published under Cement NewsTunisia-based Carthage Cement reported a less severe impact of the COVID-19 pandemic on its turnover in the third quarter of 2020. The company’s turnover fell by six per cent to TND172m (US$63m) from TND183m in the 3Q19. In the 2Q20 turnover had fallen by 16 per cent due to the pandemic. Turnover in the domestic market increased six per cent YoY to TND151m when compared with the 3Q19 turnover of TND143m. Exports declined to TND1.193m when compared with TND1.225m in the 3Q19. However, del... |
CSN reports cement revenues of BRL259m in 3Q2020 October 2020, Published under Cement NewsCompanhia Siderúrgica Nacional (CSN) reported 3Q20 results for its cement division with net revenue of BRL259m (US$46.2m), up 50 per cent QoQ due to higher sales volumes, which rose by 16 per cent compared to 2Q20. CSN’s cement division achieved an EBITDA record of BRL100m (US$17.8m) in 3Q20. " When it comes to cement, to give you an idea, the market capacity is 100Mt, a theoretical capacity at present the capacity that is available to the market is of 75 and if we analyse the third q... |
Samrat Cement to begin clinker production within two months20 October 2020, Published under Cement NewsNepal’s Samrat Cement is expected to begin producing 4500tpd of clinker within two months, according to the New Business Age. Chairman of Samrat Cement, Mukunda Prasad Timilsina, confirmed that all the necessary infrastructure for the production of clinker has already been prepared. "We have brought modern machineries with German technology and skilled manpower is coming from India for this purpose," said Mr Timilsina. "We are bringing them for some time for the operation of machines." T... |