Cement News tagged under: corporate
JK Cement adds capacity to Katni white cement unit20 October 2020, Published under Cement NewsIndia’s JK Cement Ltd has successfully implemented 300,000tpa of additional white cement capacity at its facility in Rupaund, Katni, and also commenced commercial dispatches. The installed capacity at the company’s Katni white cement unit now stands at 700,000tpa. |
Briones sisters sell Bío Bío stake to Gloria Group20 October 2020, Published under Cement NewsAnita and Loreto Briones Goich of ALB SpA have sold their entire 19 per cent stake in Cementos Bío Bío, the cement company founded by their father, Hernán Briones Gorostiaga in 1957. The shares were sold for approximately US$46.8m to the Peruvian Gloria Group. Cementos Bío Bío includes CBB, Inacesa, Ready Mix and Inacal and has a presence in Chile, Argentina and Peru. The sale follows the divestment of shares to Peru-based Unión Andina de Cementos, who purchased 50 per cent of the shares ... |
ACC sees EBITDA rise 21% in the 3Q2020 October 2020, Published under Cement NewsIndia’s ACC Ltd has reported a 19.8 per cent YoY increase in consolidated profit after tax to INR3.64bn (US$49.59m) for the 3Q20, against INR3.03bn during the same period last year. Operating EBITDA also advanced 20.5 per cent YoY to INR6.71bn from INR5.57bn. Overall net sales remained flat at INR34.68bn from INR34.64bn in the July-September period last year. The company saw net sales growth of four per cent YoY in its cement segment, with sales volumes also reaching 6.49Mt from 6.44Mt... |
South Valley Cement sees net loss contract in the 1H2019 October 2020, Published under Cement NewsEgypt’s South Valley Cement has seen its net loss contract to EGP69.82m (US$4.45m) in the 1H20, compared with EGP100.82m in the 1H19. However, in the 2Q20 sales declined 21.5 per cent YoY to EGP196m from EGP249.67m in the corresponding period of 2019. |
LafargeHolcim Bangladesh posts 3% increase in net sales16 October 2020, Published under Cement NewsLafargeHolcim Bangladesh recorded a three per cent rise in net sales during the third quarter of this year, increasing to BDT3.655bn (US$43.09m) from BDT3.558bn in the 3Q19. "Our efforts on health, cost and cash have ensured that we stay focused during the crisis while our fast progress on digital helped us being effective in the market place" said Rajesh Kumar Surana, CEO and country representative. Profit after tax advanced 71 per cent to BDT654m for the 3Q20, compared to BDT381m in ... |
PPC sees group revenue decline 2% YoY16 October 2020, Published under Cement NewsSouth Africa-based PPC has seen its group revenue decline two per cent YoY to ZAR10.241bn (US$618.23m) in the year ending 31 March 2020, compared with ZAR10.494bn in the previous year. Excluding Zimbabwe, revenue fell seven per cent from ZAR9.047bn to ZAR8.380bn, mainly due to a decline in revenues from South Africa cement. Furthermore, the company posted a loss of ZAR2.39bn in the FY19-20 against a ZAR162m profit in the year-ago period. Cost of sales declined three per cent YoY to ZAR8.2... |
Yanbu Cement sees a 33% rise in net profit16 October 2020, Published under Cement NewsSaudi Arabia’s Yanbu Cement has seen a 5.4 per cent YoY increase in revenue to SAR240m (US$64m) for the third quarter of 2020, against SAR227.97m in the 3Q19. The company also saw a 33.2 per cent YoY rise in net profit to SAR82.48m from SAR61.94m in the year-ago period. The improvement was attributed to higher revenue and lower expenses. Over the nine-month period ended 30 September, Yanbu recorded a net profit of SAR210.12m, up 20 per cent YoY from SAR174.9m in the 9M19. |
INC raises cement price16 October 2020, Published under Cement NewsParaguayan cement producer INC has increased the price of a bag of cement by PYG2500 (US$0.42). The company is now selling cement for PYG39,800/bag. The company has attributed the need to increase cement prices due to higher transport costs. The low water level in the Paraguay river has led to the need to use trucks to move raw materials and has also resulted in cement shortages in the country. INC is aiming to maintain supply at 35,000-40,000 bags/day. |
Raysut Cement reports 5% fall in revenue15 October 2020, Published under Cement NewsOman’s Raysut Cement has announced its unaudited results for the 9M20, reporting a five per cent YoY fall in revenue to OMR65.24m (US$169.67m) from OMR62.13m in the year-ago period. The company also saw a OMR10.65m loss after tax for the nine months ending September 2020, compared to an OMR1m profit in the 9M19. |
Chryso acquires majority stake in APTEX15 October 2020, Published under Cement NewsThe Chryso Group has signed of an agreement to acquire a majority stake in APTEX, a Moroccan construction chemicals company. The Chryso brand has made construction chemicals for the Moroccan market for more than 30 years, while APTEX has been operating for two years in the country, and has a production unit and an application laboratory located in Casablanca. The Chryso-APTEX joint venture will provide cement manufacturers, concrete and precast producers, applicators, construction comp... |