Cement News tagged under: corporate
Fauji Cement reports fall in profit by 63% in 1QFY2022 October 2019, Published under Cement NewsPakistan-based Fauji Cement Co Ltd (FCCL) has announced its financial results for 1QFY20 on 21 October. It posted a net profit after tax of PKR293m (US$1.87m), down 63 per cent YoY, compared to PKR801m earned in same quarter last year, says a filing of company to Pakistan Stock Exchange. The major factor responsible for this fall was the drop in sales to PKR4.2bn from PKR5.3bn during this accounting period. The distribution and administrative expenses have also been increased to PKR52m and ... |
Shree Cement sees fivefold profit jump in 2QFY19-2022 October 2019, Published under Cement NewsIndian cement producer Shree Cement has seen its profit surge fivefold to INR3.133bn for the quarter ended 30 September 2019 (2QFY19-20). In the year-ago period, the company posted a consolidated net profit of INR637.7m, according to a company filing to the Bombay Stock Exchange. The consolidated total income of the company increased to INR30.308bn, up 4.3 per cent when compared with INR29.072bn in the 2QFY18-19. |
Dalmia sees 5% hike in 2Q revenues22 October 2019, Published under Cement NewsDalmia Bharat Cement reported consolidated revenues of INR22.85bn (US$322m) in the quarter ended 30 September 2019 (2QFY19-20), up 5.2 per cent when compared with INR21.73bn in the year-ago period. The company posted a consolidated profit of INR360m for the quarter ended 30 September 2019. In other news, the company said it plans to become a pan-India players with the acquisition of Murli Cement in Maharashtra and a a new plant in Rajasthan. This would enable Dalmia Bharat to enter the Mah... |
China Gezhouba Group Cement's Shieli plant put into operation21 October 2019, Published under Cement NewsChina Gezhouba Group Cement Co Ltd’s (CGGCC) plant in Shieli, Kazakhstan, was officially put into operation on 18 October. The 2500tpd China-Kazakh project began construction in April 2017, with a total investment of US$178m. "The Kazakh government at all levels has strongly supported the construction and operation of the plant," said Li Ming, chairman of CGGCC. The facility produces nine types of cement and is the first in Kyzylorda region. "With the alignment of the Belt and Road ... |
Shiva reports 2Q loss at INR62.2m21 October 2019, Published under Cement NewsIndia-based Shiva Cement Ltd has reported net sales of INR57.2m (US$806,037) in the 2QFY19-20 as compared to INR106.8m in the 1QFY19-20. When compared with the 2QFY18-19, sales increased 28 per cent from INR44.7m. In addition, the company posted a net loss of INR62.2m in the second quarter, when compared with INR41.3m in the first quarter of this financial year. However, net loss was up 5.3 per cent when compared with INR5.91m in the 2QFY19-20. |
Cemex Philippines begins US$250m stock rights offering21 October 2019, Published under Cement NewsCemex Holdings Philippines Inc has started the process for its planned US$250m stock rights offering, hoping to finalise it within 1Q20. The Philippine Stock Exchange (PSE) was informed of the stock rights offering on 18 October. The move was made following the approval of stockholders to increase the company’s authorised capital stock last week. "CHP expects to disclose the terms and conditions of the SRO on a later date as is standard for these types of transactions," said Cemex Holdings ... |
Profitability of top six Pakistan producers remains under pressure in 1QFY2021 October 2019, Published under Cement NewsThe top six cement producers in Pakistan are likely to report a fall in profits and losses in 1QFY20 on the back of significantly build-up in cost pressures, weak domestic demand, infighting among northern-based producers, local taxation issue and axle load factors, says a report of a local research houses. Analyst expects that the IMS Cement Universe (comprising Lucky Cement, Maple Cement, Kohat Cement, DG Khan Cement, Fauji Cement and Cherat Cement) to post combined net loss after tax o... |
Cementarna Trbovlje seeks to resume operations21 October 2019, Published under Cement NewsSlovenia’s Cementarna Trbovlje (LafargeHolcim) has requested an environmental permit from the country’s authorities to resume cement grinding, storage and dispatch, according to Delo. The company lost its environmental permit in 2014 and halted operations in February 2015. As the plant is not expected to produce raw materials, it will buy them alongside cement additives. The producer was once the second-largest on the domestic market with a capacity of 0.52Mta. |
Holcim Mexico to build new plant in Yucatan18 October 2019, Published under Cement NewsHolcim Mexico has announced that it will construct a new facility in Umán, Yucatan, representing an investment of around US$40m. The grinding plant will have a 0.65Mta capacity and is part of the company’s efforts to expand in the southeast of the country, according to a company press release. "Expanding our operations in the Yucatan Peninsula demonstrates our long-term commitment to the region and the country. The area presents great growth opportunities in a strategic market for Holcim M... |
Hoffmann Green raises EUR65.4m for its IPO18 October 2019, Published under Cement NewsFrance-based Hoffmann Green Cement Technologies has raised EUR65.4m as a result of its initial public offering (IPO) on the Euronext Growth Paris bourse. The total amount of the offer could be increased to EUR75.2m if the over-allotment option is taken, said the company. The price of the offer was set at EUR18/share and the transaction was oversubscribed 2.2 times. The shares will begin trading on Euronext Growth Paris on 21 October 2019. Following the IPO the market capitalisation of Ho... |