Cement News tagged under: corporate
Sonacim lowers cement prices for 1 month12 August 2019, Published under Cement NewsChad-based Sonacim will be lowering its cement price between 12 August and 11 September, according to its new Managing Director, Faïtchou Etienne. The price of 32.5-grade PC cement will be reduced to XAF5500 (US$9.37) from XAF6000 while 42.5-grade PO cement will be price at XAF7000, down from XAF9000. |
East African Portland Cement withdraws dismissing workforce notice12 August 2019, Published under Cement NewsKenya’s East African Portland Cement Co (EAPCC) has withdrawn the notice about the plan to dismiss its workforce of 800, saying it would make a further statement about restructuring the company. "(The) notice has been withdrawn," Acting Managing Director, Stephen Nthei said in a letter addressed to the Kenya Chemical Workers Union and seen by Reuters. "A fresh replacement notice on the intended company restructuring and staff rationalisation shall be circulated in due course," the letter s... |
UltraTech Cement announces 91% rise in consolidated profit09 August 2019, Published under Cement NewsIndia’s UltraTech Cement Ltd has announced a 91 per cent YoY growth in consolidated net profit to INR12.08bn (US$171.2m) for the quarter ending 30 June, compared with INR6.31bn in the year-ago period. Net sales increased 15 per cent to INR100bn, while EBITD surged 61 per cent to INR28.4bn from INR17.6bn. Standalone net sales rose 15.5 per cent YoY in the 1QFY19-20, reaching INR96.48bn from INR83.54bn. The company more than doubled its net profit which soared to INR11.99bn from INR5.98bn. E... |
Loma Negra sees 2% drop in 2Q revenue but EBITDA up09 August 2019, Published under Cement NewsArgentina-based Loma Negra reported a 2.2 per cent YoY drop in 2Q net revenue to ARS7.47bn (US$165m) while consolidated adjusted EBITDA increased 7.1 per cent YoY to ARS1.929bn, according to Wall Street Online. The rise in EBITDA was attributed mainly to the cement, masonry and lime segment in Argentina but was also supported by growth across the company’s other key segment. Moreover, it was partially offset by non-recurrent production footprint adequacy cost of around ARS188m, without whi... |
Saurashtra Cement posts rising 1Q net profit09 August 2019, Published under Cement NewsIndia-based Saurashtra Cement reported a consolidated revenue from operations of INR1.51bn (US$21.4m) in the 1QFY19-20 (ended 30 June 2019), down 10.1 per cent from INR1.68bn in the year-ago period. The company’s 1QFY19-20 net profit jumped to INR156.1m in the April-June 2019 quarter from INR49.4m in the previous-year’s equivalent quarter. |
Al Jouf Cement reports 2Q profit09 August 2019, Published under Cement NewsSaudi cement producer Al Jouf Cement posted sales of SAR46.2m (US$12.3m) in 2Q19, representing a 70 per cent rise when compared with 2Q18 when sales reached SAR27.2m, according to Reuters. Net profit after zakat and tax in the second quarter rose to SAR0.1m, a significantly improved performance when compared with 2Q18 when the company posted a loss of SAR13.7m. The rise in profit has been attributed to and increased sales volume and average selling price. |
LafargeHolcim and Solidia Technologies launch first commercial venture09 August 2019, Published under Cement NewsLafargeHolcim and US-based Solidia Technologies ® have announced its first commercial venture to supply EP Henry’s paver and block plant in Wrightstown, New Jersey, with a reduced-CO 2 cement. Over the past six years, the two companies have developed an innovative technology that will reduce the environmental footprint of precast concrete and validate Solidia Cement™ at a commercial scale, according to a press release. Based on Solidia Cement produced at the Lafarge Whitehall plant, th... |
East African Portland Cement to lay off all workers09 August 2019, Published under Cement NewsKenya-based East African Portland Cement Co (EAPCC) has announced plans to lay off its workers due to the company’s financial issues, according to Standard Digital. However, employees will be encouraged to apply for subsequently reconfigured positions. “The company is now faced with the need to restructure its operations, which will include a staff rationalisation programme to balance our running costs and current levels of productivity,” says EAPCC’s Acting Managing Director, Stephen Nthei... |
FLSmidth sees 16% increase in revenue for 2Q1908 August 2019, Published under Cement NewsFLSmidth’s order intake for the second quarter of 2019 reached DKK4.95bn (US$751.5m), a modest decrease of two per cent YoY. Orders included a large cement plant in Morocco and a significant mining order in Australia. The order backlog stood at DKK16.76bn by the end of the quarter, up 16 per cent from the 2Q18. Revenue increased 16 per cent to DKK5.47bn, attributed to the strong order intake and build-up of order backlog in recent quarters. EBITA advanced 28 per cent to DKK487m, while the... |
Yura records 43% decline in 2Q19 profit08 August 2019, Published under Cement NewsPeru’s Cementos Yura (Gloria Group) has reported a 43 per cent YoY fall in profit to PEN56.5m (US$16.67m) for the second quarter of 2019. Cement sales were down 0.3 per cent to PEN231.3m in the 2Q19, while dispatches to external markets fell 22 per cent. Production between April-June reached 602,031t, decreasing five per cent compared to the year-ago period. In particular, clinker production fell 18 per cent to 331,707t due to a scheduled maintenance halt. However, results are expected ... |