Cement News tagged under: corporate
Lucky Cement sees 23% increase in July revenue11 August 2020, Published under Cement NewsTaiwan’s Lucky Cement has seen its revenue climb 22.6 per cent YoY to TWD384m (US$13.05m) in July 2020, against TWD313.2m last year. In the January-July period, revenue advanced 27.4 per cent YoY to TWD2.61bn from TWD2.05bn. |
Hsing Ta Cement records 10% rise in revenue for July11 August 2020, Published under Cement NewsTaiwan’s Hsing Ta Cement saw a 9.8 per cent YoY increase in revenue to TWD656.18m (US$22.3m) in July 2020, compared with TWD597.88m in the year-ago period. In the first seven months of the year, revenue declined 6.2 per cent YoY to TWD3.9bn from TWD4.17bn. |
ENCI's Maastricht plant to close at the end of August11 August 2020, Published under Cement NewsThe ENCI (HeidelbergCement) cement works in Maastricht, The Netherlands, is due to shut down at the end of this month, according to Dutch News. Limestone quarrying stopped in 2018 and raw materials have since been delivered to the plant by ship. High maintenance costs have also contributed to the factory becoming loss-making. The quarry is currently being redeveloped as a nature reserve. ENCI’s two other cement works in The Netherlands are expected to remain open. |
VDZ to move to new premises10 August 2020, Published under Cement NewsFor more than 60 years, Germany's cement association Verein Deutscher Zementwerke eV (VDZ)'s research institute in Düsseldorf has been the home and focal point not only for many generations of its employees but also for the representatives of the cement industry. Now, in the first week of September this year, VDZ will move into new premises, a step which will provide a new, long-time perspective. VDZ's new home is located close to its previous building, with excellent 15-minute connections ... |
Birla Corp to expand Durgapur grinding unit10 August 2020, Published under Cement NewsIndia's Birla Corp, owned by MP Birla Group plans to expand the existing capacity of its grinding plant at West Bengal’s Durgapur by installing an INR725.7m (US$9.69m) cement grinding unit. The company said that the demand of premium slag-based cement in the eastern region is expected to be robust and therefore, it would require extra grinding capacity. "The board of directors of the company at their meeting held today approved the proposal to carry out the expansion of existing capacity of... |
East African Portland Cement meets distributors amidst falling demand10 August 2020, Published under Cement NewsThe East African Portland Cement Company (EAPCC) of Kenya is enhancing dealer and distributor incentives to push cement sales during the pandemic. CEO, Stephen Nthei, met with distributors in a tour of Nyandarau county to set a strategy and look to understand the challenges facing distributors and customers. "COVID-19 has had quite an impact in sales of cement. But we are seeing a bounce back as businesses start requesting for orders," Nthei said. "Dealers and distributors will get more in... |
Southern Province Cement reports 48% surge in net profit10 August 2020, Published under Cement NewsSaudi Arabia’s Southern Province Cement Co reported a 48.4 per cent surge in net profit to SAR135m (US$36m) in the 2Q20, against SAR91m in the second quarter of 2019. Sales also advanced 22.8 per cent YoY to SAR339m from SAR276m. |
Qassim Cement sees 21% rise in net profit10 August 2020, Published under Cement NewsSaudi Arabia’s Qassim Cement saw a net profit of SAR85.5m (US$22.8m) in the second quarter of 2020, up 21.3 per cent YoY compared to SAR70.5m in the year-ago period. Sales also increased 8.3 per cent YoY to SAR167.4m from SAR154.5m. |
Dalmia Bharat posts 24% YoY increase in net profit07 August 2020, Published under Cement NewsIndia’s Dalmia Bharat has reported a 23.7 per cent YoY rise in consolidated net profit to INR1.88bn (US$25.08m) for the quarter ending June 2020, compared with 1.52bn in the year-ago period. However, revenue from operations declined 22.2 per cent to INR19.74bn from INR25.37bn. "Despite the challenges posed by COVID-19, the company once again delivered a strong performance and achieved an EBITDA of INR1675/t during this quarter," said the company. "The same is the highest ever EBITDA achie... |
Mangalam Cement commissions 11MW WHR plant07 August 2020, Published under Cement NewsIndia’s Mangalam Cement has fully commissioned its 11MW waste heat recovery unit at its plant in Morak, Rajasthan. It had initially put 5.15MW of capacity into operation on 15 January 2020 with the remainder set to be commissioned in the 4QFY19-20. However, this plan was delayed by the COVID-19 pandemic. |