Cement News tagged under: corporate
Summit reports 10% revenue advance in 202316 February 2024, Published under Cement NewsSummit Materials has announced a 19.8 per cent YoY increase in net revenue to US$613.1m in the fourth quarter of 2023. Adjusted EBITDA over the same period advanced by 14.5 per cent to US$136.5m. The three-month period saw its aggregates business report a 5.7 per cent YoY increase in sales volumes, while cement sales volumes declined 11.1 per cent. Ready-mixed concrete volumes were up 14.8 per cent YoY in the 4Q23, while asphalt volumes advanced by 34.7 per cent. For 2023 as a whole, t... |
Hoffmann Green posts 78% YoY increase in sales volumes16 February 2024, Published under Cement NewsHoffmann Green Cement Technologies has reported revenue of EUR6m in 2023, a 2.7 times increase on the previous year. According to the company, over the past three years, revenue has multiplied by 12, indicative of what it calls its "uninterrupted growth trajectory". Revenue for 2023 corresponds to EUR4m from the sales of cements, mainly H-UKR technology, and EUR2m from the licensing contract signed with the Saudi Shurfah Group. Sales volumes for the 12-month period came in at over 21,3... |
Lafarge Canada completes transition to greener cement16 February 2024, Published under Cement NewsLafarge Canada has announced the full transition of production from traditional general-use cement to OneCem ® , a greener product that results in significantly lower CO 2 emissions, at its St-Constant cement plant in Quebec. “We are excited to take another crucial step in our sustainability journey. The transition to OneCem production at our St-Constant plant indicates Lafarge Canada's nonstop commitment to driving positive change within our construction industry. Our teams have be... |
Gulf Cement Co sees revenue advance 33% YoY16 February 2024, Published under Cement NewsGulf Cement Co has posted revenue of AED462.7m (US$125.99m) for 2023, up 33 per cent from the AED348.1m reported in the previous year. For 2023 the company saw a loss of AED21.84m versus a loss of AED30.46m in 2022. According to the company, the losses are the result of challenges including an increase in supply compared to demand, and falling cement and clinker prices in the local and export markets following dumping and intense competition. The global financial crisis has also had a m... |
Confidence Cement’s net profit rises 25% in 1HFY23-2416 February 2024, Published under Cement NewsConfidence Cement PLC , Bangladesh’s leading cement manufacturer, recently announced its financial results on the Dhaka Stock Exchange (DSX). The company reported a profit after tax of BDT434.1m (US$3.96m) between July and December 2023 (six months) against a profit of BDT346.3m earned during the same period last year. This translates into a growth of 25.34 per cent in profit due to a fall in the cost of sales, less foreign currency exchange loss and deferred tax options. The company sal... |
Vicat reports 8% growth YoY in 202315 February 2024, Published under Cement NewsVicat has reported 8.1 per cent YoY growth in consolidated sales to EUR3.94bn in 2023, compared to EUR3.64bn in the previous year. Over the same period EBITDA has improved by 29.8 per cent from EUR570m to EUR740m. The EBITDA margin has expanded by 3.1 points from 15.7 per cent to 18.8 per cent. The company attributes the advance to its “geographically balanced” portfolio benefiting from cash generation in developed markets and growth opportunities in emerging markets. France, which acc... |
Medcem announces terminal partnerships in UK15 February 2024, Published under Cement NewsTurkey’s Medcem has announced a partnership with Brett Concrete, one of the largest independent concrete companies in the UK, to establish a terminal at Sheerness Port in Kent, UK. The terminal, which will have a storage capacity of 80,000t, is expected to be operational by July 2024. According to Medcem, the new facility will handle various cementitious products, primarily dry ash. Medcem also has another terminal investment underway in the UK, following its partnership with two indep... |
Kohat Cement Co profits grow by 24% in 1HFY23-2415 February 2024, Published under Cement NewsKohat Cement Co Ltd announced its financial result for 1HFY23-24 on the Pakistan Stock Exchange website on 14 February, posting a profit after tax (PAT) of PKR4.453bn (US$15.9m) compared to a PAT of PKR3.578bn in the same period last year (SPLY). This translates into a growth of 24 per cent YoY. On the other hand, the profitability in 2QFY23-24 advanced by 14 per cent YoY to PKR2.224bn compared to SPLY. According to AHL Research, the topline during 1HFY23-24 clocked in at PKR21.462bn, s... |
Lebap Cement exceeds 1Mt production in 202315 February 2024, Published under Cement NewsThe Lebap cement plant in Turkmenistan produced more than 1Mt of cement of various grades last year. About 107,500t of cement were sent to neighbouring Uzbekistan last year, reports Turkmenportal. The plant’s specialists are optimistic about the future, planning to increase product production along with improving its quality indicators. |
Holcim to invest US$55m in Tabasco mill15 February 2024, Published under Cement NewsHolcim Mexico plans to invest US$55m in the construction of a new grinding mill at its plant in Macuspana , Tabasco, Mexico. The new mill will increase cement capacity at the facility to 1.5Mta. This investment in Tabasco reflects our firm belief in the potential of southeastern Mexico and our commitment to the sustainable development of the region," said Jaime Hill, Holcim Mexico's CEO, in a statement. "Through this expansion, we will not only increase our capacity to supply the state... |