Cement News tagged under: corporate
HeidelbergCement reports good 2019 results growth18 February 2020, Published under Cement NewsHeidelbergCement reports good 2019 results growth in addition to the preliminary unaudited figures already published on 12 February 2020, HeidelbergCement has today presented – as scheduled – preliminary unaudited figures for the group areas and the fourth quarter 2019. "We have concluded the 2019 business year successfully," said Dr Dominik von Achten, chairman of the Managing Board of HeidelbergCement. “All group areas contributed to the good results – however with varied development in t... |
Hoffmann Green Cement Technologies appoints Head of New Construction18 February 2020, Published under Cement NewsHoffmann Green Cement Technologies, a pioneer in low-carbon cement, has announced the appointment of Olivier Lefelle as Head of New Construction. He will oversee the construction of the two new production sites, H2 and H3, in Vendée and the Paris region respectively, each of which will have a capacity of 250,000tpa of low-carbon cement. Julien Blanchard and David Hoffmann, co-founders of Hoffmann Green Cement Technologies, state: "Olivier’s mission will be to oversee the construction of o... |
Semen Indonesia rebrands as Semen Indonesia Group17 February 2020, Published under Cement NewsSemen Indonesia has rebranded to become Semen Indonesia Group (SIG), including a new logo, to reinforce the company’s environmental efforts and introduce itself as a provider of building materials solutions. Launching the new strategy, Adi Munandir, Semen Indonesia's director of Marketing and Supply Chain, told local press that: "We are already in the phase of thinking about our future. Cement manufacturers have a very industrialist connotation, sometimes connoted to activities that ar... |
Wonder Cement launches digital cement bag campaign17 February 2020, Published under Cement NewsWonder Cement of India has launched its digital campaign, 'Har Raah Mein Wonder Hai', designed specifically to run on platforms such Instagram, Facebook and YouTube. The campaign also marks Wonder Cement being the first-ever Indian cement brand to enter the world of the video application IGTV. No other brand in this category has created content specific to the platform. The objective of the campaign is to reach out to the end-user digitally with a story, screenplay and script that encaps... |
Vicat reports 6% increase in consolidated sales for 201914 February 2020, Published under Cement NewsVicat has reported a 6.1 per cent increase in consolidated sales to EUR2.74bn for 2019, rising from EUR2.58bn in the previous year. EBITDA showed a similar 6.9 per cent YoY growth to EUR526m from EUR492m, while the EBITDA margin edged up to 19.2 per cent from 19.1 per cent in 2018. "The Vicat Group’s solid performance in 2019 reflects the relevance and robustness of its business model. Strong growth in France, India, the USA, Africa and Kazakhstan helped offset difficult market conditions i... |
Mitsubishi Materials and Ube Industries Ltd consider cement merger14 February 2020, Published under Cement NewsJapan’s Mitsubishi Materials Corp has signed letter of intent regarding the merger of its cement business with Ube Industries Ltd. The company’s will now begin discussions regarding the integration and plan to sign a definitive agreement around September 2020. The two companies already have a joint venture, Ube-Mitsubishi Cement Corp, established in 1998. "While the business situations surrounding the cement business in Japan are currently undergoing significant changes, including slowing ... |
OYAK to invest in Cabo Verde14 February 2020, Published under Cement NewsThe Cape Verdean government reported that Turkish cement producer, OYAK is investing in Cabo Verde for the extraction of pozzolan, volcanic rocks used in the cement industry. Pozzolan extraction in Porto Novo dates back to the colonial period, but has been stopped for over six years. Local authorities estimate that there are around 10Mt of pozzolanic deposits in the area. At the end of 2019, the Porto Novo municipality announced that there are at least two investors, of Chinese and European... |
DG Khan Cement profit falls 51% in the 1HFY19-2014 February 2020, Published under Cement NewsDG Khan Cement Co (DGKC) has announced its financial results for the half-year period ended 31 December 2019, reporting a 43 per cent fall in profit to PKR946m (US$6.1m). The major factor responsible for the decline was the increased cost of sales and taxation, despite little improvement in sales. The company's financial charges surged by 83 per cent YoY amid high interest rates. Net sales during the reporting year slightly increased by 5.7 per cent to PKR20.88bn from PKR19.76bn during the... |
AbaCore Capital signs joint venture agreement for cement project14 February 2020, Published under Cement NewsPhilippines-based AbaCore Capital Holdings Inc has received approval for a joint venture agreement with Honghui Pioneer S-Cement International Inc, which will facilitate the development and operation of a new cement plant. Omnilines Energy International Network, a subsidiary of AbaCore Capital, is therefore set to invest PHP1bn (US$19.8m) to establish a cement plant and silo project with Honghui. At the same time, AbaCore has acquired up to 10 per cent of Honghui’s authorised capital stock. |
HeidelbergCement sees revenue rise 4% in 2019 preliminary results13 February 2020, Published under Cement NewsHeidelbergCement has announced a 4.3 per cent YoY increase in group revenue to EUR18.851bn in its preliminary results for 2019. On a like-for-like (LfL) basis, the rise moderated to 2.1 per cent YoY. The result from current operations advanced 8.8 per cent YoY to EUR2.186bn, or 4.5 per cent growth LfL. However, the company’s cement and clinker sales volumes fell 3.1 per cent in 2019 to 125.9Mt. Excluding consolidation effects, sales volumes were 1.6 per cent below the previous year. Aggre... |