Cement News tagged under: corporate
Najran Cement Co reports positive 1Q20 results24 April 2020, Published under Cement NewsSaudi Arabia’s Najran Cement Co has reported a 557.4 per cent surge in net profit to SAR40.1m (US$10.69m) in the first quarter of 2020, compared to SAR6.1m in the 1Q19. Sales advanced to SAR156.4m from SAR106.5m, on the back of a lower cost of sales and financing. |
Baturaja Cement sales decreased 15% in 1Q2024 April 2020, Published under Cement NewsPT Semen Baturaja (Persero) Tbk experienced a downturn in cement sales in the first quarter of this year by 15 per cent. Semen Baturaja Corporate Secretary, Basthony Santri, stated that the decline in sales until March was due to the fall in cement demand due to several factors, one of which was the delay in a number of development projects in the southern Sumatra. "SMBR sales were down by 15 per cent, in line with the decline in cement demand in South Sumatra which is the basis for the S... |
Salonit Anhovo suspends production for two weeks23 April 2020, Published under Cement NewsSlovenia’s Salonit Anhovo has suspended production for two weeks from 20 April, due to demand in its Italian and Slovenian markets falling amid the ongoing coronavirus crisis. However, the company will continue to make cement shipments to its customers. "We expect that cement sales on the domestic market will stabilise again as the government is providing incentives for construction activities," said Dejan Zwitter, Salonit management board member. |
CRH releases trading update22 April 2020, Published under Cement NewsCRH has released a trading update for the 1Q20, reporting a three per cent increase in like-for-like sales. In North America the company’s operations in Pennsylvania, New York City and Washington state have been the most impacted to-date by the COVID-19 pandemic, while its operations in the southeast, central and western US have been less affected, according to the update. Significantly lower activity levels have also been noted in Ontario and Quebec, as a result of government restrictions... |
ACC sees net profit fall 7% in 1Q2022 April 2020, Published under Cement NewsIndia’s ACC (LafargeHolcim) has seen its consolidated net profit fall 6.6 per cent YoY to INR3.23bn (US$42.13m) in the first quarter of 2020. Its net sales decreased 10.8 per cent to INR34.33bn from INR38.49bn. However, its EBITDA advanced 10 per cent YoY to INR5.86bn in the 1Q20, compared with INR5.32bn in the year-ago period. The company’s cement volumes during the January-March period dropped 12 per cent YoY to 6.56Mt from 7.46Mt, while ready-mix volumes remained flat at 0.93Mm 3 . "U... |
Semen Indonesia Group sales slip 2% in March22 April 2020, Published under Cement NewsTotal sales of Semen Indonesia Group (SIG) fell two per cent in March 2020 to 3,098,449t when compared with March 2019, when sales reached 3,161,373t, according to data released by SIG. Semen Indonesia, including PT Solusi Bangun Indonesia (SBI), reported a 4.9 per cent YoY drop in sales to 2,879,329t as the domestic market contracted by 9.5 per cent with offtake at 2,490,257t. However, exports advanced by 40.2 per cent YoY to 389,072t in March 2020. Thang Long Cement Co (TLCC) posted a... |
Bestway Cement donates PM's Corona Fund22 April 2020, Published under Cement NewsMuhammad Irfan A Sheikh, CFO of Bestway Cement Ltd, met Pakistan's Prime Minister, Imran Khan on 20 April and contributed PKR205m (US$1.28m) in PM's Corona Fund on behalf of the group and his family to support the government in its efforts to fight the current coronavirus-related crisis. On the occasion, PM Imran Khan lauded the spirit shown by the Bestway Group and Irfan Ellahi for the relief fund. Bestway Group valiantly enlists businesses in Pakistan as the largest cement manufacturer (... |
Attock Cement resumes production at Hub21 April 2020, Published under Cement NewsAttock Cement Pakistan Ltd has informed Pakistan Stock Exchange Ltd (PSX) on 20 April that subsequent to the partial removal of the lockdown by Federal and Provincial Governments, the company has partially commenced its plant operations with immediate effects at Hub Chowki, Lasbela in Baluchistan Province. The company operates three production lines at Hub that have total capacity of 2.955Mta of cement. Attock Cement Pakistan Ltd previously halted production on 26 March to meet government r... |
Fauji Cement 9M profit drops 88%21 April 2020, Published under Cement NewsPakistan-based Fauji Cement Co Ltd (FCCL) saw its 9MFY19-20 profit, for the period ended 31 March 2020, fall 88 per cent to PKR271m (US$1.7m) when compared with the year-ago period as sales declined due to the impact of COVID-19. The company’s topline contracted by 25 per cent YoY to PKR3.93bn in the 3QFY19-20 as dispatches shrank by two per cent to 706,000t and prices softened. Domestic sales fell by 10 per cent YoY to 623,000t, according to Pakistani new service The News. The 3Q result... |
HeidelbergCement cuts work hours and Board waives 20% of salaries in 2Q2020 April 2020, Published under Cement NewsHeidelbergCement has agreed with the works council and employee representatives to introduce short-time work for its employees in Germany in response to the coronavirus. Initially, the short-time working regulations primarily affect employees from the group's head office in Heidelberg. The extent of short-time work is determined for employees depending on the loss of work and can be up to 100 per cent. In addition, the Supervisory Board and the Management Board of HeidelbergCement have d... |