Cement News tagged under: corporate
Gharibwal Cement announces 11% fall in net sales05 May 2020, Published under Cement NewsPakistan’s Gharibwal Cement has announced a 10.9 per cent YoY fall in net sales to PKR7.37bn (US$46.09m) in the 9MFY19-20 ended 31 March 2020, compared to PKR8.28bn in the year-ago period. The company also reported a net loss of PKR540.2m against a profit of PKR819.8m in the 9MFY18-19. During the January-March 2020 period, net sales declined 20.3 per cent YoY to PKR2.2bn. |
Cem'In'Eu prepares start-up of Rhône Ciments05 May 2020, Published under Cement NewsCem'In'Eu is starting up Rhône Ciments, its second cement plant in Portes-lès-Valence, Drôme region, France. "Moving to Portes-lès-Valence allows us to be in the middle of a Lyon-Marseille-Montpellier triangle but also to be connected to the Alpine valleys. We are thus at the heart of the large southeast market," explains Vincent Lefebvre, Cem’In’Eu president and founder. The company imports clinker from a 5Mta integrated cement works in eastern Turkey to supply its factory, which has i... |
RHI Magnesita reports resilient 1Q cement business05 May 2020, Published under Cement NewsRHI Magnesita NV reports that the Industrial division continued to perform well in 1Q20, particularly in cement. Trading activity in the steel division remained weak in Europe and South America, largely offset by a robust performance in North America. Overall, demand levels were similar to the 1Q19 with EBITA slightly ahead, in line with management expectations. Raw material prices fell further in 2020, given the reduction in overall demand and uninterrupted supply from China, which has h... |
Colombian cement market contracts 29% in March04 May 2020, Published under Cement NewsCement dispatches in Colombia fell by 28.6 per cent to 739,700t in March 2020 from 1,035,800t in March 2019, according to the latest data by the country’s statistics agency, DANE. Domestic output declined 25.6 per cent YoY to 848,600t from 1,139,900t in the year-ago period. In the first quarter of 2020 deliveries contracted by 5.7 per cent to 2.759Mt from 2.926Mt in the 1Q19 while output was down 4.1 per cent YoY to 2.927Mt from 3.053Mt in the 1Q19. However, the statistics agency report... |
Cement Hranice records 5% sales increase04 May 2020, Published under Cement NewsCzech Republic-based Cement Hranice saw a 4.7 per cent YoY increase in sales to CZK1.78bn (US$71.45m) in 2019. However, the company’s net profit fell 2.3 per cent YoY to CZK501m. Domestic sales reached CZK1.347bn during the year. "Sale of cement and other products was 1.5 per cent lower in annual terms mainly due to a drop in supplies to the sister company, ZAPA Beton, in Slovakia," said Roman Michalcik, board member. The decline in net profit has been attributed to the growing cost... |
Arkan sees 14% decrease in net profit for 1Q2004 May 2020, Published under Cement NewsUAE-based Arkan Building Materials has seen a 13.8 per cent fall in net profit to AED10.53m (US$2.87m) during the first quarter of 2020, compared to AED12.21m in the year-ago period. Total revenues decreased 11.4 per cent YoY to AED208.17m from AED234.99m. "The challenging construction market has not been helped by the emergence of COVID-19, towards the end of the first quarter," said the chairman of Arkan, Jamal Salem Al Dhaheri. "The increase in operating profit is due to a better pe... |
Pakistan’s Dadabhoy Cement Industries Ltd narrows 9M loss04 May 2020, Published under Cement NewsPakistan-based Dadabhoy Cement Industries Ltd reported an operating loss of PKR1.73m (US$10,796m) in the nine-month period ended 31 March 2020, compared to an operating loss of PKR8.748m in the 9MFY18-19. Loss before taxation was down to PKR2.104m in the 9MFY19-20 from PKR10.303m the previous year’s nine-month result. Loss after taxation fell to PKR2.104m in the 9MFY19-20, down from PKR11.228m in the year-ago equivalent period. |
Holcim Philippines sees 29% fall in net profit04 May 2020, Published under Cement NewsHolcim Philippines has reported a 28.7 per cent fall in its net profit to PHP501.54m (US$9.93m) for the first quarter of 2020, compared to PHP703.86m in the year-ago period. Net sales also declined 10 per cent to PHP7.27bn due to lower prices and volumes, especially in March. "Like the rest of the country, our company was significantly affected by the COVID-19 pandemic and the government's efforts to address it," said John Stull, Holcim Philippines President and CEO. The company had ... |
Indian cement prices may increase this week04 May 2020, Published under Cement NewsAn INR20 (US$0.26) price hike on all grades of cement in India could take place on Friday, according to The New Indian Express. Before the increase, the price of a 50kg cement bag rests between INR300-80 depending on the grade. Some producers are reporting that, following the permission to start-up operations again, it will take time to scale up production because of the lack of the required workforce, raw materials and transportation, amongst other reasons. However, since wages and other... |
Holcim Philippines funds local hospitals in COVID-19 fight04 May 2020, Published under Cement NewsTo contribute to the Philippine's fight against COVID-19, Holcim Philippines Inc is donating part of its corporate citizenship budget for funds towards medical supplies for hospitals assigned to treat coronavirus patients and relief items to its affected communities. The company has allocated a substantial share of the budget for corporate citizenship programme Holcim Helps to buy protective equipment such as surgical masks, respirators and face shields to be donated to the Lung Center of ... |