Cement News tagged under: corporate
CCI to meet cement demand for new hydropower project12 March 2020, Published under Cement NewsIndia’s National Hydroelectric Power Corporation (NHPC) has signed a memorandum of understanding with the Cement Corporation of India (CCI) to meet the cement requirements for its 2880MW Dibang Multipurpose Project. The project, once installed, would be the country's largest dam. CCI has announced plans to install a clinker grinding unit near the project area, which would fulfil the cement requirements of the project and also generate employment opportunities. |
PIBTL likely to become hub of cement/coal handling12 March 2020, Published under Cement NewsThe Directors of Pakistan International Bulk Terminal Ltd (PIBT) has released the detailed financial statements for the period ended 31 December 2019. During the period, Pakistan's only coal and clinker/cement terminal at Port Muhammad Bin Qasim has handled 44.07Mt cargo against 39.66Mt in the same period last year. It depicts a modest growth of 11.1 per cent, with consistent performance. The management of the company is focussing on strategies to increase the efficiency in cargo handling... |
Loma Negra sees net profit advance 35% in 201911 March 2020, Published under Cement NewsArgentina’s Loma Negra has reported a 5.5 per cent YoY decline in revenue to ARS38.95bn (US$660m) for the full-year 2019 period, compared with ARS41.24bn in the previous year. However, net profit surged 34.8 per cent YoY to ARS4.04bn from ARS3bn. Adjusted EBITDA also climbed 2.3 per cent YoY to reach ARS11.21bn. The company’s sales volumes of cement, masonry and lime fell 9.7 per cent overall to 6.04Mt in 2019. Argentina contributed 5.47Mt (-10.6 per cent YoY), while Paraguay saw sales of ... |
Breedon records revenues of GBP929.6m in 201911 March 2020, Published under Cement NewsBreedon Group Plc has released its 2019 results that saw revenues reach GBP929.6m, up eight per cent on GBP862.7m in 2018. EBITDA totalled GBP116.6m, up 13 per cent on EBITDA of GBP103.5m in 2018. Net debt came in at GBP290.3m, down from GBP310.7m in 2018. Cement sales remained stable at 2Mt sold in 2019 when compared with the previous year, but 20.2Mt of aggregates were sold, up from 19.4Mt YoY. Asphalt sales also claimed from 2.8Mt in 2018 to 3Mt last year, while ready-mix concrete sales ... |
Suez Cement looks to sell stake in Hilal Cement11 March 2020, Published under Cement NewsEgypt’s Suez Cement has decided to place its 51 per cent stake in Kuwait-based Hilal Cement up for sale, according to a statement to the country’s stock exchange. Elsewhere, the company’s board has also approved a proposal to obtain a three-year US$125m loan from HeidelbergCement, its parent company. The funds are expected to be used to offset local overdue payments. |
Lucky wins MAP corporate excellence award11 March 2020, Published under Cement NewsLucky Cement Lt has won the Management Association of Pakistan's Corporate Excellence Award in the cement sector category. Syed Noman Hasan, Executive Director of Lucky Cement Ltd received the award at the 35th MAP Annual Corporate Excellence Award Ceremony in Karachi on 9 March. Syed Noman Hasan, Executive Director, Lucky Cement Ltd, remarked, "We accept this award with great pride and are extremely grateful to all our employees and stakeholders for helping us achieve repeated success over... |
TCK posts 15% decline in net profit for 201911 March 2020, Published under Cement NewsBosnia’s Tvornica Cementa Kakanj (TCK) has posted a 14.9 per cent YoY decline in net profit to BAM14.3m (US$8.4m) in 2019, compared with BAM16.8m in the previous year. The company’s operating revenue increased 1.8 per cent to BAM73.4m, while operating costs advanced 3.8 per cent to BAM57.3m. |
Southern Province Cement Co sees net profit surge 137%11 March 2020, Published under Cement NewsSaudi Arabia’s Southern Province Cement Co has seen its net profit for 2019 surge 137.4 per cent YoY to SAR463m (US$123.47m) from SAR195m. The considerable advance has been attributed to a 46.4 per cent increase in sales, amongst other factors. Company revenue also climbed 46.4 per cent to SAR1.3bn from SAR888m in 2018. |
Taiwan's cement manufacturers record mixed results10 March 2020, Published under Cement NewsTaiwan’s major cement manufacturers have reported mixed results in the first two months of 2020. Taiwan Cement Corp Taiwan Cement Corp has seen a 1.7 per cent decline in February revenue to TWD5bn (US$166.8m) from TWD5.09bn a year earlier. In the first two months of 2020, total revenue was down 13.7 per cent YoY to TWD12.5bn from TWD14.5bn. Asia Cement Corp Asia Cement Corp has also recorded a 9.9 per cent fall in sales to TWD2.85bn in February, compared with TWD3.17bn in the year-ago... |
Suez Cement sees net loss narrow in 201910 March 2020, Published under Cement NewsEgypt’s Suez Cement has seen its consolidated net loss narrow to EGP1.18bn (US$75.23m) in 2019 from EGP1.32bn in the previous year. However, sales declined 13.1 per cent YoY to EGP6.46bn from EGP7.43bn. In its standalone results, the company recorded a net loss of EGP1.26bn against an EGP10.69m profit in 2018. |