Cement News tagged under: corporate
Eagle Materials reports record 1Q results31 July 2020, Published under Cement NewsUS-based Eagle Materials revenues advance 15 per cent to a record of US$428m in the first quarter of FY20-21 (ended 30 June). Michael Haack, President and CEO, said, “Against the backdrop of a global health crisis and unprecedented business disruption, our Company continued to perform well during the quarter, and our markets have proven to be resilient in the current environment. The integration of the Kosmos Cement Business proceeded on schedule and for the first time in Eagle’s history, ... |
Tvornica Cementa Kakanj posts net profit surge in 1H31 July 2020, Published under Cement NewsBosnian cement company Tvornica Cementa Kakanj (TCK) more than doubled its net profit to BAM11.6m (US$7m) in the first half of 2020 from BAM5.3m in the 1H19. The company’s operating revenue advanced 30 per cent YoY to BAM41.8m in the 1H20 with operating costs rising 10.7 per cent to BAM29.7m according to TCK’s report to the Sarajevo Stock Exchange. |
HeidelbergCement's 1H revenue declines by 10% to EUR8.25bn30 July 2020, Published under Cement NewsHeidelbergCement Group revenues decreased by 10.4 per cent to EUR8.254bn compared to EUR9.212bn in 1H19 and the company posted a loss of EUR3.095bn for the 1H20. In addition to lower sales volumes, the decline in revenue is also due to the changed business policy at HC Trading, reported HeidelbergCement. Cement sales reached 56.3Mt in the 1H20, a decline of seven per cent from 61Mt in the 1H19. Aggregate sales totalled 134.8Mt in the 1H20, down seven per cent from 145.6Mt in the 1H19 and r... |
LafargeHolcim records net sales of CHF10.7bn in 1H2030 July 2020, Published under Cement NewsLafargeHolcim recorded net sales of CHF10.693bn (US$11.7m), a decline of18.1 per cent compared to the prior year of CHF13.059bn, reflecting the severe impact of the implementation of strict lockdowns of construction sites in several major operating countries. The strong appreciation of the Swiss franc against all currencies accounted for 6.2 per cent of the absolute decrease. Following the easing of the lockdowns, net sales in all five regions resumed prior-year levels by the end of June. R... |
Titan Group's 1H20 revenues stable at EUR786m30 July 2020, Published under Cement NewsTitan Group consolidated revenue in the 1H20 amounted to EUR786.3m, remaining largely stable (+0.1 per cent) over the same period the previous year. Group cement and cementitious volumes reached 7.9Mt in the 1H20, down two per cent from 8.1Mt in the 1H19. Ready-mix sales edged up 1.3 per cent YoY to 2.64Mm 3 from 2.6Mm 3 in 1H19, while aggregate volumes totalled 9.2Mt, up 2.6 per cent from 8.9Mt in 1H19. EBITDA was up 12 per cent YoY, reaching EUR136.8m, while the group's EBITDA margin r... |
CIMERWA set to list shares on stock exchange30 July 2020, Published under Cement NewsRwandan cement producer CIMERWA is set to list its shares on the Rwandan Stock Exchange on 3 August, the company said in a press statement. Each share is trading at RWF120 (US¢12.6), the government expects to raise a total of RWF41.3bn. The step is part of the government to sell its stake in the cement company, joining other shareholders that have expressed an interest in exiting from the business. The government owns a stake through Agaciro Development Fund, Rwanda Social Security Board, ... |
Martin Marietta reports 1H cement gross profit up 26%29 July 2020, Published under Cement NewsUS-based building materials producer Martin Marietta posted total revenues of US$1.27bn in the 2Q20, representing a marginal decline from US$1.28bn in the 2Q19. However, the company’s gross profit increased 6.6 per cent from US$356.9m in the 2Q19 to US$380.5m one year later while earnings from operations advanced 7.2 per cent from US$285.9m to US$306.4m during the same period. Net earnings attributable to Martin Marietta were up 14.8 per cent to US$217.6m in the 2Q20 from US$189.5m in the ... |
Breedon Group sees revenue decline by 25% to GBP353.3m in 1H2029 July 2020, Published under Cement NewsBreedon Group Plc announced its interim (unaudited) results for the six months ended 30 June 2020 with revenue reaching GBP353.3m, representing a 25 per cent drop from GBP447.4m in 1H19. Breedon recorded cement sales of 0.8Mt in the 1H20, down from 1Mt in 1H19, while ready-mix sales declined to 1Mm 3 in the 1H20 from 1.5Mm 3 in the 1H19. Breedon also sold 8Mt of aggregates and 1Mt of asphalt in the period, down from 9.9Mt and 1.4Mt, respectively in the 1H19. Despite the COVID-19 lockdown ... |
UltraTech Cement's consolidated net sales reach INR75,630m in 1QFY2129 July 2020, Published under Cement NewsUltraTech Cement Ltd’s (Aditya Birla Group) consolidated net sales reached INR75,630m (US$1.01bn) in the 1QFY21 compared to INR112,290m in the 1QFY20. Profit before interest, depreciation and tax was at INR23,530m, down from INR30,840m in the corresponding period of the previous year. Normalised profit after tax was INR9,060m compared to INR12,810m in the corresponding period of the previous year. On a standalone basis, net sales stood at INR72,900m compared to INR10,8510m in 1QFY20. Profi... |
Xinjiang Tianshan set to acquire six CNBM subsidiaries28 July 2020, Published under Cement NewsXinjiang Tianshan Cement Co Ltd is in talks with China National Building Material Co Ltd (CNBM), about the acquisition of six of CNBM's cement-making subsidiaries, according to a filing to the Shenzhen Stock Exchange. To complete the deal, Tianshan suspended trading of its shares on the Shenzhen Stock Exchange Monday for a period of no more than 10 days. CNBM with a cement capacity of more than 500Mta has been the largest indirect shareholder of Xinjiang Tianshan Cement Co since 2018, when... |