Cement News tagged under: corporate
Udaipur Cement Works records 207% surge in EBITDA19 May 2020, Published under Cement NewsIndia’s Udaipur Cement Works has reported an 18.4 per cent increase in total income to INR6.85bn (US$90.2m) for the financial year ending 31 March 2020, compared with INR5.79bn in the FY18-19. EBITDA surged 206.7 per cent YoY to INR1.26bn from INR410.9m. The company’s net profit also reached INR155.2m from an INR407.3m net loss in the previous fiscal year. |
Hoffmann Green Cement Technologies appoint Ile-de-France region promoter19 May 2020, Published under Cement NewsHoffmann Green Cement Technologies, a low-carbon cement producer, thas announced the appointment of François de Gliniasty as Technical and Commercial Promoter for the Ile-de-France region. François de Gliniasty, 45, has over 25 years of experience steering business promotion, sales and logistics strategies. As Technical and Commercial Promoter, François de Gliniasty’s mission will be to get the innovative technologies developed by Hoffmann Green referenced and included in construction proj... |
Boral announces new measures to control inventory levels18 May 2020, Published under Cement NewsThe chief executive of Australia’s Boral Ltd, Mike Kane, has commented on the reduction of new orders in the Australian and US construction industries, and also announced new measures to stop the build-up of inventory levels in this environment. The company will now close its Berrima cement kiln in New South Wales (NSW) for three weeks in June, as Mr Kane noted it was not possible to run a kiln at partial strength. "You need to turn the kiln on or off,'' he said. The company is now exp... |
Ciments de Bizerte sees turnover rise in 1Q2018 May 2020, Published under Cement NewsTunisia’s Ciments de Bizerte has seen an 18.7 per cent rise in local turnover to TND22.9m (US$7.92m) in the first three months of 2020, against TND19.3m in the 1Q19. The turnover from exports also increased as dispatches to Libya resumed during the first quarter, according to the African Manager. However, the company suspended production and sales when the general lockdown was announced. Therefore, the overall turnover until 23 March reached TND24.9m. Elsewhere, clinker production gr... |
Lafarge Cement Zimbabwe Ltd expects 30% decline in cement volumes in 2Q2018 May 2020, Published under Cement NewsLafarge Cement Zimbabwe Ltd said business volumes had declined considerably due to low demand amid the COVID-19 pandemic. The LafargeHolcim subsidiary said the lockdown will have an inevitable impact on volumes for the second quarter in 2020. "It is projected that 2Q2020 volumes will decline by 30 per cent with the possibility of spill over risks impacting the second half of the year," the company said in its first quarter trading update for 2020. "The ripple effects of the lockdown and b... |
Tabuk Cement sees rising profit in 1Q18 May 2020, Published under Cement NewsSaudi-based Tabuk Cement posted a rise in net profit after zakat and tax to SAR28.91m (US$7.7m) in the 1Q20, from SAR3.63m a year ago. Sales in the 1Q20 advanced by 42.9 per cent to SAR75.42m from SAR52.77m in the 1Q19 with volumes rising. Finance, and selling and marketing costs fell while the company saw gains from adjusting cash flows for a financial liability, according to Reuters. |
Beni Suef Cement sees 101% surge in net profit18 May 2020, Published under Cement NewsEgypt’s Misr Beni Suef Cement has reported a 101 per cent YoY increase in net profit to EGP59.37m (US$3.77m) in the first quarter of 2020, compared to EGP29.53m in the corresponding period of last year. However, sales declined 7.1 per cent YoY to EGP404.96m from EGP435.97m. |
Southern Province Cement 1Q profit up18 May 2020, Published under Cement NewsSaudi cement producer Southern Province Cement Co reported a net profit after zakat and tax of SAR183m (US$48.8m) for the first quarter of 2020, up 52.5 per cent from SAR120m in the 1Q19. First-quarter 2020 sales increased 33.6 per cent to SAR457m from SAR342m in the year-ago period. Local sales volumes were up 27.5 per cent YoY and export sales advanced 48.6 per cent YoY in the 1Q20. Financial costs fell by 31.1 per cent YoY. |
Eagle Cement Corp net profit falls 25% in 1Q2015 May 2020, Published under Cement NewsThe Philippines' Eagle Cement Corp saw a 25 per cent YoY fall in first quarter net profit to PHP1.2bn (US$23.6m) as construction activities were halted in mid-March as part of measures to curb the coronavirus pandemic. Eagle’s net sales contracted by 16 per cent YoY to PHP4.5bn in the first three months. Cash flow fell by 14 per cent to PHP1.7bn. Prior to the enhanced community quarantine (ECQ) in mid-March, Eagle reported growth in sales volume during the quarter. Paul Ang, Eagle Cement C... |
Asia Cement Corp sees 32% decline in revenue15 May 2020, Published under Cement NewsTaiwan’s Asia Cement Corp has posted a 32.2 per cent decline in revenue to TWD13.14bn (US$439.2m) in the first quarter of 2020, compared with TWD19.39bn in the year-ago period. Net profit also fell 74.6 per cent YoY to TWD743.77m from TWD2.93bn in the 1Q19. |