Cement News tagged under: corporate
Shanshui Cement reduces loss to CNY210.89m03 May 2019, Published under Cement NewsShanshui Cement has narrowed its loss to CNY-210.89m (US$-31.3m) for the 1Q19, according to a company statement. In the 1Q18 the company loss reached CNY-471.22m. Shanshui’s operating revenue increased by 41.5 per cent YoY to CNY2.58bn in the first quarter while its gross profit was CNY682.03m, up 43.3 per cent YoY. |
Mykolaivcement’s net profit falls to UAH174m03 May 2019, Published under Cement NewsUkrainian cement producer Mykolaivcement, indirectly controlled by CRH, has seen its net profit decline by 6.1 per cent to UAH174m (US$6.5m) in 2018, according to Ukrainian News Agency reports. Revenues slipped 3.1 per cent to UAH1.083bn YoY in 2018 while cement sales fell seven per cent to 712,000t. As a result, the company had a domestic market share of 7.9 per cent. |
Southern Province 1Q profit up 18%03 May 2019, Published under Cement NewsSaudi cement producer Southern Province Cement Co reported 17.6 per cent YoY growth in 1Q profits (after zakat and tax) to SAR120m (US$32m) in 2019. When compared with the previous quarter, profits surged 130.8 per cent from SAR52m in 4Q18. The increase in profit was attributed to a 24.8 per cent increase in sales revenues to SAR342m, a 37.3 hike in sales volume and a 9.6 per cent decline in financing costs, according to a company statement to the Saudi Stock Exchange. |
Roanoke Cement earns industry’s first ISO 5000103 May 2019, Published under Cement NewsRoanoke Cement Co and its parent company, Titan America, announced this week that it has obtained ISO 50001 certification for its Troutville plant in Virginia – the first cement plant in the country. ISO 50001, sponsored by the US Department of Energy, is an energy management system standard that is established as a voluntary programme of best practices in continuous energy improvement. "ISO 50001 is a signature achievement for a manufacturing plant," says Brian Allder, Roanoke’s plant m... |
Shree Digvijay Cement Co appoints directors03 May 2019, Published under Cement NewsShree Digvijay Cement Co Ltd has appointed Anil Singhvi and Pramod Kabra as non-independent directors with effect from 30 April 2019. In addition, the board of directors has also appointed Mini Menon and Mahesh Gupta independent non-executive directors. |
LafargeHolcim divests operations in Malaysia and Singapore02 May 2019, Published under Cement NewsLafargeHolcim has signed an agreement with YTL Cement Bhd for the divestment of its entire 51 per cent stake in Lafarge Malaysia Bhd for a consideration of US$396m, fully payable in cash, corresponding to MYR 3.75 per share. This price represents a premium of 43 per cent compared to the last 90 days trading period of Lafarge Malaysia Berhad on the Malaysian stock exchange, according to a company statement. Lafarge Malaysia Bhd operates three integrated cement and two grinding plants with a... |
Umm Al Qura Cement Q1 doubles profit in 1Q1902 May 2019, Published under Cement NewsSaudi cement producer Umm Al Qura saw its first-quarter net profit, after tax and zakat, more than doubled to SAR21.5m (US$5.7m) in the 1Q19 from SAR10.2m in the 1Q18. The company attributed the rise in profit due to improved selling prices as well as an increase in sales values. First-quarter sales advanced 12.4 per cent to SAR63.5m in 2019 when compared with SAR56.5m in the year-ago period. |
SCG launches SCG Super Cement in Vietnam02 May 2019, Published under Cement NewsThai cement producer, Siam Cement Group (SCG) has recently launched its SCG Super Cement brand to customers in central Vietnam. The new product applies SCG Nano Tech, which “develops molecules of cement on the nano-scale to create extremely tight bonding ability, which in turns reduces the quantity of pores during concrete making. This advancement is important for construction works, as pores created during concrete mixing are the major causes of cracks and leaks, especially under the impa... |
Ambuja Cement records 57% PAT increase in 1Q1901 May 2019, Published under Cement NewsIndia’s Ambuja Cement Ltd (LafargeHolcim) has announced its stand-alone results for the 1Q19, recording a 57 per cent YoY increase in net profit after tax to INR4.27bn (US$61.4m) from INR2.72bn. However, its operating EBITDA declined 8.7 per cent to INR4.63bn from INR5.07bn. Net sales rose three per cent to INR28.47bn in the first quarter of 2019, compared with INR27.63bn of the year-ago period. In particular, cement sales showed four per cent growth to finish at 6.37Mt against 6.22Mt of t... |
Yanbu Cement sees net profit surge 81% in 1Q1901 May 2019, Published under Cement NewsSaudi Arabia’s Yanbu Cement Co has reported an 81.3 per cent YoY rise in net profit for the first quarter of 2019, increasing to SAR72.9m (US$19.4m) from SAR40.2m a year ago. The profit surge has been attributed to the higher selling prices and lower average cost, due to a higher quantity of clinker production. Sales also saw a significant growth of 20.6 per cent to SAR259.8m, compared with SAR215.5m in the 1Q18. |