Cement News tagged under: corporate
Çimsa’s Mersin plant scoops Gold award02 February 2024, Published under Cement NewsÇimsa ’s Mersin plant has been awarded the Gold level certificate by the International Concrete Sustainability Council. The award recognises the plant’s compliance with international norms in terms of its resource utilisation and sustainability under the headings of management, environment, economy and social issues. Çimsa (part of Sabancı Holding ) has become one of just three plants in the Turkish cement industry to achieve this accolade. “At Çimsa, we shape our operations by focus... |
Eagle Materials reports record revenue in 3QFY23-2401 February 2024, Published under Cement NewsUS-based Eagle Materials has reported record revenue of US$558.8m in the third quarter of FY23-24 (3QFY24), ended 31 December 2023, marking a nine per cent increase YoY. The results come despite “a backdrop of shifting, albeit constructive, market conditions as interest rates moved materially lower during the latter half of the quarter,” said Michael Haack, president, Eagle Materials. Adjusted EBITDA was up 10 per cent YoY to US$218.6m, while the company also reported record net earnings o... |
Nuvoco sees 55% increase in 3Q EBITDA01 February 2024, Published under Cement NewsNuvoco Vistas Corp saw consolidated cement sales volume fall by 10 per cent YoY to 4Mt in the 3QFY23-24 (October-December 2023). The company also reported a seven per cent drop in revenue to INR24.21bn (US$291.6m). However, EBITDA expanded by 55 per cent YoY in the 3QFY23-24 to INR4.21bn, supported by improved price realisations and a decline in power and fuel costs. EBITDA/t of INR1048 was the highest in the last 10 quarters, according to a company presentation. Raw material costs for... |
Shree Cements reports jump in profit01 February 2024, Published under Cement NewsShree Cement has reported total income of INR53,706.5m (US$646.85m) in the quarter ended 31 December 2023. This compares to INR49,321.1m in the previous quarter and INR44,733.8m in the quarter ended 31 December 2022. In the nine months ended 31 December 2023, total income came in at INR155,366.6m, up from the INR130,655m seen in the same period a year earlier. Profit after tax in the December 2023 quarter stood at INR7018.5m, up notably from the INR4466.2m of the previous quarter and ... |
Hoffmann Green agreement targets private individuals01 February 2024, Published under Cement NewsHoffmann Green Cement Technologies has signed a strategic partnership to sell its clinker-free low-carbon cements through the retail network of Bricomarché, Bricorama, Brico Cash and Tridôme (part of Les Mousquetaires Group). Through this agreement, the four DIY chains of the Les Mousquetaires group, Bricomarché, Bricorama Brico Cash and Tridôme, are pursuing their commitment to a global and ambitious CSR strategy, "to develop a more responsible business committed to local communities, and... |
Holcim New Zealand appoint new EGM01 February 2024, Published under Cement NewsMichael Miller has been appointed Executive General Manager (EGM) for Holcim New Zealand. He has extensive management experience across a range of disciplines including sales and marketing, procurement, operations and logistics. From January 2024, Michael leads Holcim ’s team in Aotearoa New Zealand. He will continue to advance Holcim New Zealand’s role as a leading supplier of cement, aggregates and ready mixed concrete including the development of sustainable building products and solu... |
Ambuja Cements reports jump in profits YoY31 January 2024, Published under Cement NewsAmbuja Cements Ltd has reported total income of INR45,477.3m (US$547.7m) in the three months ended 31 December 2023, up from INR42,043.7m in the same period a year earlier. Profit after tax came in at INR5136.8m in the December 2023 quarter, versus INR3689.9m in the comparable period in 2022. Total expenses over the same period expanded from INR36,793.2m to INR38,673m, while basic earnings per share increased from INR1.86 in the quarter ended 31 December 2022 to INR2.59 in the same peri... |
FLSmidth reports 2023 cement revenues of DKK6bn31 January 2024, Published under Cement NewsFLSmidth has released its 4Q23 and full-year 2023 preliminary and unaudited results. The cement business recorded revenues of DKK1.4bn (US$203.3m) in the 4Q23 and DKK6bn in 2023. EBITDA margin for the cement business grew by 7.4 per cent in the 4Q23 and by 6.7 per cent in 2023. The order intake for the 4Q23 in the cement business totalled DKK1bn and in 2023 it reached DKK4.9bn. In a statement the company stated, "We expect the short-term outlook for the cement industry to remain impact... |
UltraTech Cement commissions Rajpura plant31 January 2024, Published under Cement NewsUltraTech Cement ( Aditya Birla Group ) has announced the commissioning of a 2.6Mta greenfield grinding plant at Rajpura , Punjab, India. This project forms part of the 22.6Mta capacity expansion announced in June 2022. The additional capacity will help UltraTech service the markets in Punjab. With the plant’s commissioning, the company’s total grey cement manufacturing capacity in India now stands at 135.59Mta. |
CNBM profit to fall 65% in 202331 January 2024, Published under Cement NewsChina National Building Materials (CNBM) has issued a profit warning for 2023, reports MarketScreener. According to the company, unaudited profit attributable to the equity holders of CNBM is forecast to decline by 65 per cent in 2023, compared to the previous year. The contraction is being attributed to a fall in the sales price of cement, commercial concrete and glass fibre, and lower sales volumes of cement and commercial concrete. The company has also noted a decline in performance... |