Cement News tagged under: corporate
Fecto Cement reports loss in FY22-2309 October 2023, Published under Cement NewsFecto Cement Ltd has announced its financial results for the year ending 30 June 2023 (FY22-23). It shows a loss after tax at PKR133m (US$0.478m)) against the profit of PKR286m reported in FY22-23. The high cost of sales is expected to be one of the main reasons for losses. Fecto Cement ’s sales increased to PKR8.68bn in the FY22-23 from PKR6.77bn in the FY21-22. Similarly, the cost of sales rose to PKR8.36bn in the FY22-23 from PKR5.90bn in the year-ago period. The administrati... |
Breedon delivery confirms commitment to Welsh growth09 October 2023, Published under Cement NewsBreedon Group has recently received its first cargo of dredged sand at its new wharfside at Associated British Port's Port of Cardiff in Wales, UK. According to the company, this new lease agreement and Breedon’s extended presence at the Port of Cardiff is indicative of the group's continued support of the construction industry in Wales and Breedon’s strategic vision of further contributing to the region’s growth. |
Cemento Polpaico closes two concrete plants09 October 2023, Published under Cement NewsChile-based Cemento Polpaico announced the closure of two concrete plants in Quilín and Renca, Metropolitan Region, as well as the temporary halt of operations at the Aconcagua Áridos plants. The step is due to the negative trend in the results of Polpaico Soluciones, which showed accumulated losses of CLP8386m (US$9.1m) before taxes as of June 2023 as a result of the crisis affecting the sector, reports CE Noticias Financieras. Moreover, the industry expects a 28 per cent drop in result... |
Crafters Polypropylene Packages achieves record AD*STAR production06 October 2023, Published under Cement NewsBy producing 199,000 AD*STAR block bottom sacks in 24 hours on a single conversion line, Crafters Polypropylene Packages (PVT) Ltd has achieved a production record that has never been reached before for this type of sack. Crafters supplies the AD*STAR sacks primarily to the cement industry, one of its main customers being Pakistan’s biggest cement producer, Lucky Cement . With a sack weight of 65g for a filling volume of 50kg, AD*STAR sacks are currently the most lightweight type of sack... |
Jan Weckes becomes MD of SCHADE Lagertechnik06 October 2023, Published under Cement NewsJan Weckes is the new MD at SCHADE Lagertechnik Jan Weckes is taking on the leadership of SCHADE Lagertechnik, who has appointed him as its new managing director. Previously, at IAS GmbH, an international technology leader in the construction of induction furnaces, and member of the SMS Group, Dr Weckes had taken responsibility for strengthening order intake and expanding strategic teamwork within the group of companies. During his tenure at MBE Coal & Minerals Technology he was... |
UltraTech Cement and Adani Cement alerted to Heidelberg's Indian divestment rumour05 October 2023, Published under Cement NewsUltraTech Cement ( Aditya Birla Group ), and the country’s second-largest cement producer, Adani Cement, may join the race along with Parth Jindal-led JSW Cement to acquire Heidelberg Material’s Indian operations, reports The Hindu. Heidelberg Materials has a cement manufacturing capacity of 13.4Mta across its Indian plants in Damoh (Madhya Pradesh), Yerraguntla (Andhra Pradesh), Sitapuram (Telangana), Ammasandra (Karnataka), Jhansi (Uttar Pradesh), Sholapur (Maharas... |
CEMEX returns to Mexican debt capital markets05 October 2023, Published under Cement NewsCEMEX has announced the successful pricing on 3 October 2023 of its sustainability-linked long-term notes for an aggregate principal amount of MXN6bn (US$332.6m), a transaction that represents its return to the Mexican debt market after a 15-year absence. The closing of the offering is expected to take place today, 5 October 2023, subject to satisfaction of customary closing conditions. The notes consist of two tranches: the first, for an amount of MXN1bn with a three-year tenor at a ... |
Titan America wins five awards at ConcreteWorks 202305 October 2023, Published under Cement NewsTitan America picked up five awards at the National Ready Mix Concrete Association (NRMCA)'s ConcreteWorks 2023 event held in Nashville this week. The company was recognised for its safety, energy efficiency, innovative technologies, and quality. Titan's Pennsuco facility in Medley, Florida, won the award in the innovative technologies category in the Portland Cement Association (PCA)'s 2023 Energy & Environment Awards in recognition of its use of artificial intelligence (AI) and mac... |
Cementos Molins releases its 2022 integrated report04 October 2023, Published under Cement NewsCementos Molins has released its 2022 integrated report, which shows that the Spanish multinational cement producer has reduced its clinker factor to 71 per cent and GHG emissions fell by two per cent to 563kg CO 2/ t of cementitious product. Commenting on the operating challenging environment, President, Juan Molins Amat, stated: “In 2022 we have had to live with high cost inflation and a very complex and uncertain market situation. These are the new territories that the aftermath of the... |
Pioneer Cement's profit rises by 149% in FY2304 October 2023, Published under Cement NewsPioneer Cement Ltd (PIOC) posted a profit after tax of PKR2.61bn (US$9.07m) in FY23 versus PKR1.05bn in the previous financial year, the company said in a statement to the Pakistan Stock Exchange on 28 September. This significant advance of 149 per cent YoY is mainly due to increased sales, which rose by 13 per cent to PKR36.16bn from PKR31.87bn in FY22. The cost of sales increased to PKR26.75bn from PKR24.67bn over the same period. The company incurred higher distribution costs of... |