Cement News tagged under: corporate
Shares in Titan Cement International sold25 August 2020, Published under Cement NewsTitan Cement International SA announced the disposal of 7701 shares by its subsidiary Titan Cement Company SA of Titan Cement International SA. The shares were sold on 21 August 2020 at an exercise price of EUR10/share (EUR77,010 in total). Following the transaction, Titan Cement Company SA owns 5,226,748 shares in Titan Cement International, representing 6.34 per cent of the voting rights of Titan Cement International. |
Anhui Conch's 1H20 profit rises 5.3%24 August 2020, Published under Cement NewsAnhui Conch Cement's net profit rose in the 1H20, on the back of a resumption of construction projects in Asia and higher sales in western China. However, due to the COVID-19 pandemic, cement sales volumes fell across the regions the company operates in, except for west China. The cement company's net profit increased by 5.3 per cent to CNY16.09bn (US$2.33bn) during the period, the company reported. First-half operating revenue rose 3.3 per cent to CNY74.01bn. The company said it will se... |
China Resources Cement records 11% rise in profit24 August 2020, Published under Cement NewsChina Resources Cement saw its net profit rise 11 per cent YoY to HKD4.19bn (US$540.6m) for the first half of 2020. Revenue fell three per cent to HKD16.88bn, on the back of lower cement sales volumes. "The gradual stabilisation of infrastructure construction and the real-estate market, as well as the steady progress of urbanization and rural construction, will be conducive to the stable development of the cement industry," said the company. |
CRH sees EBITDA rise 2% in the 1H2021 August 2020, Published under Cement NewsCRH has released its unaudited results for the first half of 2020, showing a 4.9 per cent YoY decline in revenue to US$12.2bn from US$12.85bn in the 1H19. However, EBITDA edged up two per cent on a like-for-like (LfL) basis to US$1.59bn. Profit before tax for the 1H20 reached US$518m against US$717m last year, primarily reflecting a lower profit on divestments. "As a Group we took swift and comprehensive action in response to the COVID-19 crisis, and our ability to flex our cost base and ... |
Argos recognised as top innovation company21 August 2020, Published under Cement NewsArgos has achieved fourth place from 242 entrants in the annual measurement carried out by the Colombian National Association of Entrepreneurs (ANDI), in alliance with the Dinero Magazine. The accolade places Argos as one of the most innovative companies in Colombia. Among the achievements that Argos has been credited for is the generation of more than 25 per cent of its income from innovation, the start-up of the new clay thermal activation line for the production of green cement, and ... |
PPC and subsidiaries record double-digit growth in July20 August 2020, Published under Cement NewsPPC reports that its total volumes at its international subsidiaries saw double-digit growth in July compared to sales in July 2019. "The demand is especially strong in Zimbabwe and Rwanda and the growth of sales volumes during July has been positive in the DRC as well," PPC said. "The increased sales volumes and the effect of the cost reduction and cash preservation measures have resulted in cash flows for the last months showing a positive trajectory." Double-digit YoY growth of cement... |
BBMG Corp sees net profit fall 50%20 August 2020, Published under Cement NewsChina’s BBMG Corp has seen its net profit fall 50 per cent YoY to CNY1.52bn (US$219.6m) for the first half of 2020. Operating revenue also declined 8.3 per cent to CNY40.93bn, attributed to a dip in results from the cement and ready-mix concrete segments. The company has stated that cement sales rebounded in the second quarter, but its future development will face certain risks as the COVID-19 crisis continues. |
Siam Cement Group releases results for Philippine operations20 August 2020, Published under Cement NewsThailand’s Siam Cement Group has reported a 39 per cent YoY decline in revenue to PHP5.34bn (US$109.7m) from its Philippine operations for the first half of the year, on the back of a weak performance in its building materials business, reports The Philippine Star. In the 2Q20, the company’s local operations posted a 53 per cent decrease in revenue to PHP2bn. The news follows the release of SCG’s overall results last week, which saw a 33 per cent YoY rise in profit for the second quarter... |
More jobs to go at South Ferriby20 August 2020, Published under Cement NewsAnother 26 jobs will go at Cemex's mothballed South Ferriby Cement plant after a review of the tanker fleet. The plant in north Lincolnshire, UK, lost 110 jobs last month and the latest job losses come after the tanker drivers have had a consultation about the non-viability of their operations with the manufacturing site no longer producing cement. Cement production has been shifted to the company's Rugby, Tilbury and Hull sites, which remain operational. The latest job losses concern 25 dr... |
JK Cement WhiteMaxX is launched20 August 2020, Published under Cement NewsJK White Cement has launched a brand refresh and a new avatar that now reads 'JK Cement WhiteMaxX'. The new brand is designed to offer a contemporary and differentiated identity, while integrating a critical section of its product line under the ‘MaxX’ umbrella, according to the company. Niranjan Mishra, Business Head (White Cement Business), said: "JK White Cement has undoubtedly emerged as one of India’s most iconic and trusted brands, due to its focus on product excellence, customer orie... |