Cement News tagged under: corporate
Cementir posts 2023 preliminary unaudited EBITDA of EUR421.9m09 February 2024, Published under Cement NewsCementir Holding Group reports preliminary unaudited results for 2023. EBITDA reached the historic record of EUR421.9m, up 25.4 per cent compared to the EUR336.3m of 2022, following the improved results achieved in all geographical areas with the exception of the United States. The EBITDA margin was 24.5 per cent compared to 19.5 per cent in 2022. Net financial income totalled EUR15.8m (income of EUR11m in 2022). Revenue in 2023 reached EUR1694.2m, down 1.7 per cent compared to 2022. Prof... |
CEMEX reports 8% sales growth in 4Q2309 February 2024, Published under Cement NewsCEMEX has reported an eight per cent growth in sales in the 4Q23, plus a 20 per cent increase in EBITDA and a more than doubling of free cash flow (FCF) after maintenance capex to US$1.2bn. CEMEX reported an EBITDA margin of 19.2 per cent, an expansion of two percentage points, achieving its stated goal of recovering 2021 margin. Record EBITDA of approximately US$3.35bn and a turnaround in working capital investment significantly contributed to a six-year high in FCF after maintenance c... |
Heidelberg Materials awards FEED contract for Padeswood08 February 2024, Published under Cement NewsSustainability solutions provider Worley and Mitsubishi Heavy Industries (MHI) Group have been awarded a front-end engineering and design (FEED) contract by Heidelberg Materials UK for the development of a carbon capture facility at the Padeswood cement works in north Wales. The Padeswood project has been selected as a Track 1 capture project by the UK government and is a key establishing project within the HyNet industrial cluster. Once operational, it is anticipated to capture up t... |
Attock Cement Pakistan’s profitability jumps 264% in 1HFY2408 February 2024, Published under Cement NewsAttock Cement Pakistan Ltd posted its financial result for 1HFY23-24 on the Pakistan Stock Exchange (PSX) website on 6 February, wherein it declared a profit after tax (PAT) of PKR2.04bn (US$730.1m) compared to a PAT of PKR560m in the same period last year, a growth of 264 per cent YoY. The company's profitability in 2QFY23-24 advanced by 12 per cent YoY to PKR497m compared to the year-ago period. Alongside the result, ACPL announced an interim cash dividend of PKR2.50/share in 2QFY23-2... |
Saint-Gobain signs energy PPA in Italy08 February 2024, Published under Cement NewsSaint-Gobain has signed a 10-year renewable electricity supply contract in Italy with Axpo Italia. The power purchase agreement (PPA) covers the purchase of electricity generated by a newly-built wind farm in the Puglia region. Axpo Italia will provide around 22GWh of green electricity per year, or 11 per cent of Saint-Gobain’s electricity needs in Italy. This contract is the fifth PPA signed by Saint-Gobain in Italy. Combined, the five projects are expected to cover more than 20 ... |
Birla Corp records 15% YoY revenue growth08 February 2024, Published under Cement NewsBirla Corp has reported revenue of INR23,120m (US$278.6m) in the 3QFY23-24. This compares to INR20,161m in the same quarter a year earlier, marking a 14.7 per cent YoY advance. Consolidated net profit in the 3QFY23-24 came in at INR1091.4m, versus a net loss of INR499.1m in the 3QFY22-23, according to BusinessLine Online. The company saw cement sales of 4.2Mt in the 3QFY23-24, up 13.2 per cent YoY, along with a capacity utilisation rate of 85 per cent over the three-month period. This... |
Holcim expands Solutions & Products business08 February 2024, Published under Cement NewsHolcim has acquired ZinCo, a leader in advanced green roofing systems based in Germany with global operations across Europe, Asia and the Americas. The deal forms part of Holcim's efforts to advance its Solutions & Products business to 30 per cent of group net sales by 2025, entering the most attractive segments of construction, from roofing systems to insulation and renovation. According to Holcim, with its integrated green and solar roofing systems, ZinCo is expanding Holcim’s specifi... |
Misr Cement appoint new CEO and MD07 February 2024, Published under Cement NewsMr Hassan Gabry has been appointed the new CEO, managing director and member of the Board of Directors at Misr Cement Group , effective from February 2024. Mr Gabry brings over 30 years of distinguished professional experience in commercial operations and business functions, with a significant focus on the cement industry spanning approximately 20 years. He has held key leadership and executive roles in major multinational companies across various continents. With his extensive backg... |
Monarch Cement embarks on groundbreaking solar project06 February 2024, Published under Cement NewsUS-based Monarch Cement Co and Evergy Energy Solutions are collaborating on a groundbreaking solar project that is expected to serve as a model for the cement industry’s use of renewable energy. With the capacity to generate 20MW of clean electricity, the project is designed to offset a significant portion of Monarch’s energy consumption, reducing greenhouse gas emissions. The solar project, which will be located on Monarch’s property in Humboldt, Kansas, will pair state-of-the-art sol... |
Orient Cement sees net profit jump 64% YoY06 February 2024, Published under Cement NewsIndia's Orient Cement , part of the CK Birla Group , has reported revenue from operations of INR7513m (US$90.45m) in the quarter ended 31 December 2023 (3QFY23-24). This marks a 2.6 per cent increase on the INR7322.9m seen in the same period a year earlier. Over the same timeframe, consolidated net profit advanced to INR449.9m, up 63.5 per cent from the INR275.1m recorded in the 3QFY22-23. Total expenses, meanwhile, declined one per cent to INR6814.4m over the same period. Total income... |