Cement News tagged under: corporate
Yanbu Cement reports 183% rise in net profit for 201905 March 2020, Published under Cement NewsSaudi Arabia’s Yanbu Cement has reported a 182.7 per cent increase in net profit to SAR257.8m (US$68.75m) for 2019, compared to SAR91.2m in the previous year. The company’s revenue also climbed 27.2 per cent YoY to SAR975.7m from SAR767.1m. |
GICA subsidiary prepares export plan04 March 2020, Published under Cement NewsThe Public Industrial Group of Algerian Cement (GICA) has announced that its Beni Saf subsidiary plans to export over 45,000t of clinker to African countries during the current year. Orders are reportedly under study for exports from the port of Ghazaouet, Algeria, to several countries, including Ghana, Guinea and Mauritania, according to Dakmous Fatima-Zohra, communications and marketing officer. After fulfilling national orders, Beni Saf Cement is targeting these markets as a first ste... |
JSW Cement launches Jajpur grinding plant04 March 2020, Published under Cement NewsJSW Cement has announced that it has recently inaugurated the 1.2Mta Jajpur cement plant in Odisha, India. The launch was graced by the honourable Ratan Jindal, Parth Jindal and Abhyuday Jindal. With this expansion JSW Cement's cement capacity has expanded to 14Mta. |
Mancherial Cement Company faces possible closure04 March 2020, Published under Cement NewsMancherial Cement Company (MCC), formerly known as Associated Cement Companies (ACC), one of the oldest cement manufacturers in south India, is on the verge of closure, reports Telangana Today. Owing to its weak economic condition, the existing management of the plant is struggling to pay power bills and to clear loans availed from various banks. The plant was built in 1958 with German technology and with a capacity of 1000tpd. |
Saudi Cement Co records 13% increase in net profit04 March 2020, Published under Cement NewsSaudi Cement Co has seen a 12.7 per cent YoY increase in net profit to SAR451.4m (US$120.37m) for the full-year 2019 period, compared with SAR400.5m in the previous year. Total sales for the company also advanced 28.6 per cent YoY to SAR1.44bn from SAR1.12bn. |
Lafarge Zimbabwe appoints new Chief Executive04 March 2020, Published under Cement NewsLafarge Zimbabwe (LafargeHolcim group) has appointed Precious Murena-Nyika as its new chief executive. Siame Kaulule, who previously held the position, left in January 2020 to take up a new position for the company in South Africa. "Precious Murena-Nyika was yesterday confirmed as the new Lafarge Zimbabwe CE. The announcement was done by Lafarge East and Southern Africa area manager Pierre Deleplanque, who is in the country. Her appointment came at a time there have been calls to have a loc... |
CRH EBITDA up 25% in 201903 March 2020, Published under Cement NewsCRH plc posted a six per cent advance, or three per cent like-for-like (LfL), in sales to EUR28.3bn in 2019 when compared with 2018. The company’s EBITDA increased 25 per cent (+3 per cent LfL) YoY to EUR4.2bn while it saw an EBITDA margin increase of 230 basis points. “CRH delivered good profit growth in 2019 supported by positive momentum in our heritage businesses and strong contributions from recent acquisitions. With a continuing focus on margin expansion, cash generation and enhanced ... |
Shree Cement operates largest kiln in the world03 March 2020, Published under Cement NewsShree Cement has increased kiln capacity to 14,500tpd following improvements at its Ras Al Khaimah plant in the UAE, making it the world’s largest operational kiln. The kiln surpasses the previous record-holder, ACC’s Wadi II plant in Karnataka, India, by 2000tpd. Shree Cement’s current installed capacity is 41.9Mta. In 2018 the company acquired Union Cement with its Ras Al Khaimah plant. The production facility has four kiln lines, but only one is currently active. |
Sephaku Cement sees profits fall on construction activity decline03 March 2020, Published under Cement NewsSephaku Cement (Dangote group) says it expects the next 12-18 months to be tough on the building sector. Declining numbers of new construction sites are impacting on business. The market is expected to remain subdued, Sephaku Cement said, as reflected by the 12.7 per cent decline in building plans passed for 2019, according to Stats SA data. Sephaku Cement reported profit after tax slumped to ZAR1.3m (US$83,745) in its year to end-December, from ZAR128.7m previously. It said it had sel... |
Holcim Philippines posts 41% net income advance in 201903 March 2020, Published under Cement NewsHolcim Philippines achieved a revenue of PHP33.5bn (US$660.4m) in 2019 despite a slow first half in terms of construction activity. However, the company’s operating EBITDA increased 36.7 per cent YoY to PHP6.7bn in 2019 from PHP4.9bn in 2018 as the company benefitted from initiatives to raise efficiencies and improve costs across the board. The rise was further supported by a more favourable product mix and the stable contribution of its aggregates business. The company’s full-year net in... |