Cement News tagged under: corporate
Ciments de Bizerte reports 24% drop in revenue in 202306 February 2024, Published under Cement NewsTunisia-based Ciments de Bizerte reported a 23.7 per cent decline in revenue to TND94.4m (US$30.14m) in 2023 when compared with the previous year, according to data from the Tunis Stock Exchange. Cement sales volumes were down 10 per cent YoY. Domestic turnover fell by 16.5 per cent YoY to TND93.9m with cement and lime sales of 4.978Mt. The fall in domestic demand was attributed to the recession in the construction market as real estate prices increased and there was an absence of infras... |
Republic Cement teams up with fast food giant to tackle plastic waste06 February 2024, Published under Cement NewsRepublic Cement is working alongside fast food giant Jollibee Foods Corp (JFC) to reduce plastic packaging waste. Under the agreement, JFC will recover its post-consumer plastic packaging waste and rather than sending it to landfill, it will be sent to Republic Cement where it will be used as an alternative fuel. According to Philstar, the deal includes JFC’s wholly-owned brands in the Philippines as well as its franchised brands, including Burger King. “Republic Cement provides a ver... |
RAK White Cement posts AED20.5m profit in 202306 February 2024, Published under Cement NewsRas Al Khaimah Co for White Cement and Construction Materials has reported a net profit of AED20.54m in 2023, down 2.6 per cent from AED21.08m in 2022. Sales increased 3.3 per cent to AED255.89m in 2023 from AED247.66m in 2022. Basic earnings per share remained unchanged at AED0.04/share at 31 December 2023. |
Mannok's commitment to energy efficiency pays dividends05 February 2024, Published under Cement NewsIreland’s Mannok Cement has revealed that since 2017 it has saved 59mkWh of energy at its cement manufacturing facility through a multi-million-euro investment in energy-saving projects, while adhering to and retaining the energy management standard, ISO 50001. The saving is equivalent to the annual electrical energy usage of 14,047 Irish households, each consuming 4200kWh of electricity. The company began its journey of improving energy efficiency in 2017 while preparing for ISO 50001... |
Kohat Cement Company completes BMR05 February 2024, Published under Cement NewsKohat Cement Company Ltd (KCCL) informed the Pakistan Stock Exchange (PSX) on 1 February that the Balancing, Modernisation and Replacement (BMR) (pyro-process optimisation) of the existing 6700tpd grey cement production line located at Kohat, Khyber Pakhtunkhwa (KPK), has successfully been completed. It will help the company to bring operational and cost efficiencies to the plant. A last quarter report adds that the company commissioned a 10MW solar power project at its Kohat site in Augu... |
Fauji Cement Co expected to post mixed financial results05 February 2024, Published under Cement NewsAccording to AHL Research, Fauji Cement Co Ltd (FCCL) is scheduled to announce its financial result for 2QFY23-24 (October-December 2023) soon with an expected profit after tax of PKR2.347bn (US$8.39m) as compared to PKR2.764bn a year ago. This represents a fall of 15 per cent YoY. This will take the earnings for 1HFY23-24 (July-December 2023) to settle at PKR4.961bn compared to PKR5.079bn in 1HFY22-23. Despite a seven per cent YoY decline in total dispatches in 2QFY23-24, the top line is... |
Ciments du Maroc appoints new Director General05 February 2024, Published under Cement NewsSeverin Weig has been appointed Director General at Ciments du Maroc ( Heidelberg Materials Group ). Mr Weig is keen to get started on his new role at Ciments du Maroc and already has clear ideas on what needs to be achieved. "I am energised to work with a remarkable team in a captivating country," said Mr Weig. "Introducing evoBuild, our innovative suite of sustainable products, is at the top of the agenda!" |
Nuvoco Vistas EBITDA up 55% in 3QFY2402 February 2024, Published under Cement NewsIndia-based Nuvoco Vistas Corp Ltd has reported consolidated revenue of INR24,210m (US$291.8m) in the 3QFY23-24, ended 31 December 2023. Consolidated EBITDA over the same period came in at INR4210m, up 55 per cent YoY, while the consolidated cement sales volume for the quarter stood at 4.02Mt. The company has recently commissioned a 1.2Mta mill at its Haryana cement plant, taking the producer’s overall cement capacity to 25Mta. This latest expansion will boost the company’s productio... |
Udaipur Cement Works reports strong income02 February 2024, Published under Cement NewsUdaipur Cement Works Ltd has reported total income of INR3003.3m (US$36.17m) in the quarter ended 31 December 2023. This compares to INR2695.2m in the previous quarter and INR2385.1m in the quarter ended 31 December 2022. In the nine months ended 31 December 2023, total income came in at INR8163.2m, up from the INR7374.2m seen in the same period a year earlier. Profit after tax in the December 2023 quarter stood at INR252.6m, up significantly from the INR121.5m seen in the previous qu... |
Breedon launches 2024 apprenticeship programme02 February 2024, Published under Cement NewsBreedon Group plc (Breedon or the Group), a leading vertically-integrated construction materials group in Great Britain and Ireland, has announced the launch of its 2024 apprenticeship programme that will see 40 new apprentices join the group in September. The programme, which aims to equip participants with the skills and knowledge required to excel at a career in the building materials sector, invites applicants to apply from 1 February 2024. Successful applicants will have the opportu... |