Cement News tagged under: corporate
Lucky Cement awarded for Best Corporate Report23 August 2019, Published under Cement NewsLucky Cement Ltd has won the Best Corporate Report Award with second position in the cement category at the much anticipated "Best Corporate & Sustainability Report Awards 2018". The award ceremony was jointly organised by the Institute of Charted Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP), at a local Hotel in Karachi this week. ICAP and ICMAP have been organising the Best Corporate Report (BCR) Awards ceremony since 2000. This award... |
CRH reports sales of EUR13.2bn in 1H1922 August 2019, Published under Cement NewsCRH reported that group sales in 1H19 amounted to EUR13.2bn, up 11 per cent when compared with 1H18. EBITDA was 36 per cent ahead of 1H18 and the EBITDA margin rose by 11.7 per cent. Profit before tax was EUR707m for the 1H19. The 1H19 benefitted from increased demand in Europe and North America and from currency exchange movements. Americas Materials' like-for-like (LfL) sales were two per cent higher in 1H19 than in 1H18 despite adverse weather conditions. Europe Materials saw a six... |
Unacem 2Q net profit doubles to PEN97m22 August 2019, Published under Cement NewsConsolidated revenues of Peru-based Unacem increased 8.3 per cent YoY to PEN1.041bn (US$308.3m) in the second quarter of 2019 as a result of higher cement and ready-mix volume sales in Peru, higher prices in the USA, increased energy generation and the incorporation of seven newly-acquired ready-mix sites in Chile, said the company. Consolidated EBITDA in the 2Q19 advanced 4.4 per cent PEN302m when compared with the 2Q18 while the second-quarter EBITDA margin slipped to 29 per cent from 30... |
Argos Panamá submits EIS for Balboa clinker plant21 August 2019, Published under Cement NewsArgos Panamá SA has submitted an environmental impact study for its Balboa project to the country’s Environment Ministry. The new clinker plant will be built on a 18ha plot in Buena Vista, Colón province. The works will include limestone crushers, raw material grinding and clinker production equipment as well as conveyors, according to CentralAmericaData. The project represents an investment of US$168m. |
Arabian Cement record profit fall of 88% in 1H1921 August 2019, Published under Cement NewsArabian Cement Co (ACC) of Egypt announced a fall in profits of 88.1 per cent to EGP25.3m (US$1.52m) for 1H19 compared to EGP212.77m in 1H18. Profits in 2Q19 dipped to EGP19.4m from EGP50.7m in 2Q18, but this was an imporvement on 1Q19 profts of EGP5.97m, down from EGP162m in 1Q18. Cement sales in 1H19 amounted to EGP1.6bn compared to EGP1.64bn in 1H18. ACC (Cementos La Union group) has a clinker capacity of 4.2Mta and can produce up to 5Mta of cement. |
SCG looks to increase use of blockchain solution21 August 2019, Published under Cement NewsSiam Cement Group (SCG) is looking to roll out its Procure to Pay blockchain solution for payment and procurement methods to 2400 suppliers by 2020, according to the Bangkok Post. Thammasak Sethaudom, vice-president for finance and investment, has said that the company must transform its operations to chase the fast-moving blockchain trend. "Our platform has helped suppliers reduce their processing times by 50 per cent from 70min to 35min per purchase order," said Mr Sethaudom. SCG invest... |
Executive Director of Dongwu Cement resigns21 August 2019, Published under Cement NewsPeng Cheng has resigned as the executive director of China-based Dongwu Cement, with effect from 20 August 2019. According to a statement, Mr Cheng has resigned to focus on his other business commitments, which require more attention. The board thanked Mr Peng for his contributions during his tenure and noted that he will remain as the director of certain subsidiaries of the company after his resignation. The company had previously announced a shortage of independent non-executive director... |
Cemex Czech Republic reports net loss in 201820 August 2019, Published under Cement NewsCemex Czech Republic reported a net loss of CZK307.1m (US$13.18m) in 2018, declining from a profit of CZK194.9m in the previous year. However, sales increased 70 per cent to CZK3.81bn, with more than 98 per cent generated on the domestic market. The results were positively impacted by a merger with Cemex Cement and Cemex Development, according to an annual report. "The company recorded a YoY increase in the total volume of sales in 2018 thanks to the merger as well as thanks to the organic ... |
Tanga Cement sees 25% increase in revenue for 201820 August 2019, Published under Cement NewsTanzania’s Tanga Cement reported a 25 per cent YoY increase in revenue to TZS215bn (US$93.56m) for 2018, up from TZS172bn in the previous year. Gross profit rose 91 per cent to TZS56.2bn from TZS29.4bn. EBITDA surged 304 per cent to TZS34.4bn from TZS8.5bn, on the back of improved sales volumes, margins and operational efficiency, according to its annual report. Operating profit recovered from a TZS10.99bn loss in 2017 to a TZS14.9bn profit. "Depreciation and financing costs related to c... |
Nepal's cement producers recommend barring FDIs19 August 2019, Published under Cement NewsNepal’s cement producers have recommended barring foreign direct investments (FDI) in the sector during a discussion with Matrika Prasad Yadav, the Minister for Industry, Commerce and Supplies, according to The Rising Nepal. "We will have become self-reliant in cement and by the end of 2020, we will have product surplus. Bringing in more FDI in large cement industry will be suicidal for the existing businesses and the newcomers as well," said Dhruba Thapa, president of the CMA. However, ... |