Cement News tagged under: corporate
Power Cement Ltd made worthy exports in FY22-2317 October 2023, Published under Cement NewsIn the financial year ended 30 June 2023, Power Cement Ltd (PCL), witnessed a remarkable surge in net sales revenue, registering an increase of 65 per cent compared to FY21-22, according to the annual report . The local sales revenue appreciated by PKR5.65bn (US$20.53m) (39 per cent), coupled with an increase in exports by PKR5.79bn (185 per cent) compared to the corresponding period. PCL witnessed a 177 per cent growth in gross profit in FY22-23 compared to the previous year. The gross... |
Lucky Cement Ltd wins award for Best Corporate Report – 202217 October 2023, Published under Cement NewsPakistan’s Lucky Cement Ltd has won the Best Corporate Report Award in the cement sector category at the “Best Corporate & Sustainability Report Awards Ceremony – 2022”. The recognition was jointly announced by the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP). Atif Kaludi, CFO of Lucky Cement Ltd, said, “At Lucky Cement Ltd, we consider governance, compliance, ethics, and transparency as the foundational p... |
GCCA appoints Fernando González as new president17 October 2023, Published under Cement NewsFernando González, CEO of CEMEX, has been elected as the new president of the Global Cement and Concrete Association (GCCA), succeeding Jan Jenisch. Mr González has been the association’s vice president since 2018 and is seeking to galvanise collective efforts to cut greenhouse emissions, setting out the following priorities for industry and governments: • take decisive action to phase out fossil fuels and promote the use of alternative fuels by encouraging regulation to divert societal... |
Breedon Ireland reports 48% profit growth in 202216 October 2023, Published under Cement NewsBreedon Ireland , the Irish cement-making business of the UK-based Breedon Group , reported profit of EUR21.5m in 2022, up 48 per cent from EUR14.5m in the previous year. Revenue over the same period advanced 21 per cent to EUR72.8m, according to Irish Independent. The results come despite higher energy prices and fears over what impact the government’s planned concrete levy would have on the residential construction market. In 2022 the Irish government announced a five per cent concret... |
Ecocem proposal at Port of Los Angeles takes next step16 October 2023, Published under Cement NewsThe Port of Los Angeles has issued a Draft Environmental Impact Report (DEIR) for a proposed low-carbon cement processing facility at the port in Wilmington. According to Random Lengths News, Ecocem Materials Ltd , through its subsidiary Orcem California Inc, plans to construct a new processing facility at the port for the production of a low-carbon binder. The facility would import raw materials by ship, process them to manufacture the binder, then ship the product to customers via truc... |
AfriSam invests in construction training programmes16 October 2023, Published under Cement NewsTo stay ahead in the industry’s war for talent, AfriSam has over the years placed skills at the forefront of its people development initiatives. With its several training programmes, the company has successfully created a pool of talent, not only to the benefit of its operations but the industry at large. Glenn Johnson, general manager of construction materials at AfriSam, believes it is fundamental for the construction materials industry to develop people. The industry, he says, ... |
CEMEX Philippines makes impressive debut on S&P's sustainability index16 October 2023, Published under Cement NewsCEMEX Philippines has been placed in the top 25 per cent of the construction materials industry in the S&P Global Corporate Sustainability Assessment (CSA) for 2022. Marking the first time the company has taken part in the CSA, the result puts the company above the industry average for its environmental, social and governance (ESG) indicators as well as its economic performance. According to The Philippine Star, the cement producer scored particularly well in the areas of talent attract... |
First Graphene enters development and commercialisation agreement with Breedon13 October 2023, Published under Cement NewsFollowing on from the positive results from First Graphene’s first round of trials of its graphene-enhanced cement at Breedon Cement’s Hope Cement Works , UK, First Graphene has now entered a joint development and commercialisation agreement with Breedon Group . The agreement will facilitate the company’s development of a range of graphene-enhanced solutions to reduce the clinker factor of Breedon’s cement and reduce its carbon footprint. Both companies have agreed to focus on enhancin... |
Universal Cement reports 11% increase in 9M revenue13 October 2023, Published under Cement NewsTaiwan-based Universal Cement Corp report a 3.6 per cent advance in revenues to TWD618.592m (US$19.28m) in September 2023 from TWD597.159m in September 2022. In the January-September 2023 period the company increased its revenue by 11.1 per cent to TWD5627.754m from TWD5063.948m in the 9M22. |
Kohat Cement Co to renew cement bag manufacturing unit investment13 October 2023, Published under Cement NewsAmong matters to be considered in its 44th AGM of shareholders of 16 October 2023, Kohat Cement Co Ltd (KCCL) will approve, if deemed fit, the renewal of investment in the form of short-term running finance of up to PKR600m (US$2.126m) in Ultra Kraft (Pvt) Ltd (UKPL), an associated company. The members of the company, in their last AGM, held on 27 October 2022, approved and renewed the Short Term Running Finance of up to PKR600m in the associated company, Ultra Kraft, to meet its w... |