Cement News tagged under: corporate
Attock Cement profit shrinks by 25% in 9MFY1912 April 2019, Published under Cement NewsAttock Cement Pakistan Lt (ACPL) has announced its financial result for nine months period ended 31 March 2019 by declaring a net profit of PKR1.376bn (US$9.715m), down by 25 per cent YoY, as compared to PKR1.826bn in the same period last year. Net sales of the company during the 9MFY18-19 increased by 36 per cent to PKR16.15bn. Analysts attribute the rise in sales to stable growth in domestic sales, a considerable advance in clinker export sales and a positive impact of the country's cur... |
Saud Suliman Al Juhani new Tabuk Cement board chairman12 April 2019, Published under Cement NewsSaudi Arabia-based Tabuk Cement Co has appointed Saud Suliman Al Juhani as the new chairman of the board, effective 14 April 2019. He replaces Dr Saeed Obaid who stepped down from the post due to other business commitments, said the company in a filing to the Saudi bourse, Tadawul. The company board also appointed Khalid Al Angari as the new vice chairman. The current board term ends on 25 January 2020. |
CCNN reports record net profit of NGN5.7bn in FY1811 April 2019, Published under Cement NewsCement Company of Northern Nigeria (CCNN) has released its FY18 results, reporting a net profit of NGN5.7bn (US$15.75m) , 77 per cent higher than in 2017. The earnings report is the first since the merger with Kalambaina Cement. Revenue reached NGN31.7bn, up 62 per cent YoY. EBITDA rose by 86 per cent to NGN7.9bn. CNN produced 0.76Mt of cement and sold over 0.74Mt. Sales in Nigeria rose by 49 per cent YoY to NGN28.9bn, while export figures rose from NGN0.2bn in 2017 to NGN2.9bn in 2018. T... |
HeidelbergCement plans to invest EUR25m in Togo11 April 2019, Published under Cement NewsHeidelbergCement intends to invest EUR25m (US$28.2m) in its Togolese subsidiaries Cimtogo, Scantogo and Granutogo, according to Eric Goulignac, the company’s managing director in the country. The investment programme, which will be submitted to the company's Germany-based board, includes the installation of a new grinding unit in Lomé and a solar photovoltaic plant to power its plants, reported Ecofin Agency. Cimtogo reported a net benefit of EUR3.7m in 2017, while Scantogo posted a net ... |
Lucky Cement wins Corporate Excellence Award11 April 2019, Published under Cement NewsLucky Cement Ltd has won the Management Association of Pakistan's (MAP) Corporate Excellence Award in the cement sector category. Syed Noman Hasan, executive director of Lucky Cement Ltd, received the award at the 34th MAP Annual Corporate Excellence Award Ceremony held in Karachi on 9 April 2019. The Corporate Excellence Awards was instituted by MAP in 1982 with the sole aim to recognise and honour companies showing outstanding performance and demonstrating progress and enlightened manage... |
Steppe Cement records strong sales in 1Q1911 April 2019, Published under Cement NewsSteppe Cement reports that in the 1Q19 the cement producer sold 266,393t of cement for KZT4455m (US$11.76m), compared to 197,179t of cement for KZT2313m in the 1Q18, an increase of 35 and 93 per cent, respectively. Steppe Cement reports that higher transport tariffs and rental expenses have been offset by savings due to better utilisation of the wagon fleet and increased sales in markets close to the factory. Kazakhstan’s cement market grew by 3.6 per cent in the 1Q19 and Steppe Ceme... |
New Director General at Arodo11 April 2019, Published under Cement NewsAfter five years at the helm, Marianne Fiers is handing over the reins of Arodo to the new General Director, Joost Van Aaken. Marianne will be taking early retirement on 19 April 2019. Looking to the future, Joost Van Aaken said: “I want to give our people space to work on innovative solutions”, he continues. “Then we can together be proud of each Arodo machine and each customer. Creating added value for everyone, that’s my aim.” |
Taiwanese cement companies report positive results in 1Q1910 April 2019, Published under Cement NewsTaiwan Cement Corp reported improved revenues for March 2019 at TWD10.877bn (US$352.62m), up 11.6 per cent when compared with TWD9.75bn in March 2018, according to Dow Jones Newswires. Universal Cement Corp revenues remained largely stable in March 2019 at TWD437.14m, when compared with TWD437.497m in the same period the previous year. Revenues for Lucky Cement Co slipped 0.6 per cent to TWD313.093m in March 2019 from TWD314.84m in March 2018. January-March 2019 In the January-March 2... |
6th LafargeHolcim Forum is held in Cairo10 April 2019, Published under Cement NewsLafargeHolcim and the American University of Cairo held the 6th LafargeHolcim Forum on 'Rematerializing Construction' in Cairo, Egypt, on 9 April. The forum drew more than 350 leading minds from architecture, engineering, planning and the construction industry and a total of 1200 attendees. Khaled Abbas, Deputy Minister of Housing (Egypt) and Roland Köhler, Chairman of the LafargeHolcim Foundation (Switzerland) welcomed the guests. The meeting included four concurrent workshops with co... |
Work on Dangote’s Côte d’Ivoire plant advances10 April 2019, Published under Cement NewsDangote Cement has announced the construction of its 3Mta cement works just outside Abidjan, Côte d’Ivoire is now at an advanced stage. The project has been implemented for around 70 per cent with more than 80 per cent of equipment supplied and 80 per cent in terms of construction and civil engineering, according to Camara Guy Adama, project leader. The new plant and related logistical support is expected to generate employment of 800 direct jobs. |