Cement News tagged under: corporate
Hanson secures rail deal to supply Hinkley Point C project with cement05 November 2019, Published under Cement NewsHanson Cement (HeidelbergCement group) has agreed a new contract with GB Railfreight for seven years. The new deal will provide freight services for bulk cement from the Ketton works in Rutland, Lancashire, to terminals at London King's Cross, Avonmouth in Bristol and Mossend in Glasgow. GB freight will operate nine trains a week for cement deliveries in the UK for Hanson Cement which are in part for the construction of the Hinkley Point C nuclear power station. John Smith, managin... |
City Cement sees 96% rise in revenues, back in profit in 3Q1905 November 2019, Published under Cement NewsSaudi-based City Cement Co reported profits of SAR50.5m (US$13.5m) in the 3Q19 when compared with SAR2.38m loses in the same quarter of 2018, according to Mubasher. Total revenues increased by 95.8 per cent to SAR127.9m in the third quarter, compared to SAR65.3m in the 3Q18, said a bourse statement. In the first nine months of 2019, net profits of City Cement soared by 283.3 per cent to SAR124m, from SAR32.39m in the same period of the previous year. City Cement generated SAR373m in revenu... |
RAK White Cement announces 29% net profit rise05 November 2019, Published under Cement NewsUAE-based RAK White Cement saw its net profit increase 28.6 per cent to AED17.89m (US$4.8m) during the 9M19, compared to AED13.91m in the year-ago period. Sales advanced 5.9 per cent to AED180.16m in the first nine months of 2019 against AED170.08m in the 9M18. |
JK Lakshmi Cement records 6% rise in net sales05 November 2019, Published under Cement NewsIndia’s JK Lakshmi Cement has reported a net profit of INR486.7m (US$6.89m) in the 2QFY19-20, compared with a net loss of INR50.2m in the year-ago period. Consolidated net sales increased 5.6 per cent YoY to INR10.12bn. Consolidated EBITDA advanced 45 per cent to INR1.54bn in the quarter ending September 2019, rising from INR1.06bn in the corresponding quarter of the previous year. |
Tamil Nadu Cements inaugurates expansion project04 November 2019, Published under Cement NewsIndia’s Tamil Nadu Cements Corp Ltd, owned by the government of the state, has expanded the capacity of its Ariyalur complex at an investment of INR8.09bn (US$114.4m). The project has seen the construction of a new 1Mta plant on the same site as its existing 0.5Mta unit, therefore taking the company’s total capacity to 1.7Mta. It supplied 74 per cent of its production to government departments in FY19, according to a government document, including 488t of OPC and 406,792t of PPC. The preva... |
Gansu Qilianshan Cement increase building materials stake to 80%04 November 2019, Published under Cement NewsGansu Qilianshan Cement Group Co Ltd has agreed to buy an additional stake in Gansu Zhangye Julong Building Materials Co Ltd. Following the acquisition, Gansu Qilianshan Cement will hold a stake of around 80 per cent in the company. On 6 June 2019 Gansu Qilianshan Cement acquired an additional 22.78 per cent stake in Gansu Zhangye Julong Building Materials, up from 26 per cent initially. |
Crown Cement Group to supply road project04 November 2019, Published under Cement NewsBangladesh’s Crown Cement Group has signed an agreement with China Construction Seventh Engineering Division Corp Ltd, which will see the cement manufacturer supply cement to the South Asia Sub-regional Economic Cooperation (SASEC) Road Connectivity Project-II. The SASEC Road Connectivity Project-II is an initiative to upgrade around 190km of road from Elenga, Tangail District, to Rangpur to a four-lane highway. The project is expected to improve accessibility between the capital and 16 nor... |
Dandot Cement plant closed due to viability issue04 November 2019, Published under Cement NewsDandot Cement Company Ltd has announced to shut its 504,000tpa of cement plant at Jehlum, Punjab province, Pakistan, due to various reasons, according to company notification to the Pakistan Stock Exchange (PSX). Dandot's Company Secretary, Muhammad Kamran, said the company has been facing serious challenges with respect to maintaining viable operations at the plant, adequate liquidity and has incurred huge financial losses in recent years. Furthermore, the current operations of the exis... |
President al-Sisi suggests state's military cement company should be privatised01 November 2019, Published under Cement NewsEgyptian President Abdel Fattah al-Sisi has announced companies owned by Egypt’s military must be allowed to sell shares on the stock exchange. Last year, Egypt's government had plans to offer shares on the stock market of a US$1.1bn cement plant owned by the military, but no steps have yet been announced, reported Reuters. The military-owened Beni Suef cement complex is the largest cement plant in the country with an installed capacity of 12Mta and was inaugurated in August 2018. The mili... |
Ramco Cements reports 47% 3Q profit rise01 November 2019, Published under Cement NewsIndia-based Ramco Cements posted a 3Q19 profit of INR1.68bn (US$23.7m), up by 47 per cent when compared with INR1.14bn in the 3Q18. When compared with the quarter ended June, profit was down 12.5 per cent from INR1.92bn. On a consolidated bases, earnings in the 3Q19 increased 43.3 per cent to INR1.72bn from INR1.2bn in the year-ago period. Revenues advanced by 12 per cent YoY to INR12.82bn in the 3Q19 when compared with the equivalent period of the previous year but fell five per cent when ... |