Cement News tagged under: corporate
Cementir reports 36% rise in 1H net profit28 July 2023, Published under Cement NewsCementir Holding posted broadly stable sales of EUR454.5m in the second quarter of 2023. Growth in Turkey, Asia-Pacific and Egypt was able to partially offset a decrease in revenues in the Nordic and Baltic area, Belgium and the USA. In the 2Q23 cement and clinker volumes sold declined by 6.8 per cent YoY to 2.8Mt due to a slowdown in sales in Denmark, Turkey, Belgium and the USA, despite the increase seen in China, Egypt and Malaysia. In the 2Q23 sales of ready-mixed concrete were down ... |
Heidelberg Materials increases revenue by 5% in 1H2328 July 2023, Published under Cement NewsHeidelberg Materials reports that its r evenue rose by 5.3 per cent in the 1H23 to EUR10,473m (previous year: EUR9950m). Excluding scope and currency effects, the increase amounted to 8.5 per cent. Operating EBITDA reached EUR1787m up from EUR1525 in the 1H22 and EBITDA margin grew by 17.1 per cent in the 1H23 compared to 15.3 per cent in the 1H22. Operating EBIT totalled EUR1189m in the 1H23 up from EUR980m in the 1H22 or up 37.5 per cent LfL. “We have closed the first half of 20... |
CEMEX grows sales by 10% in 2Q2328 July 2023, Published under Cement NewsCEMEX has reported its 2Q23 results with a 10 per cent growth in sales to US$4566m, a 29 per cent increase in operating EBITDA to US$961m, and an EBITDA margin expanding by 3.3 percentage points to 21.1 per cent. With these results, CEMEX is close to its goal of recovering 2021 margins, set in 2022 in response to unprecedented inflation. Net sales in Mexico increased 14 per cent in the 2Q23 to US$1298m, while operating EBITDA increased nine per cent to US$399m. EBITDA margin declined 1... |
GCC sees net income increase 53% YoY in 2Q2328 July 2023, Published under Cement NewsGCC SAB de CV reported a 13.7 per cent increase in consolidated net sales to US$364.1m in the first quarter of 2023. In Mexico sales advanced 34.4 per cent as a result of a 3.2 and 8.8 per cent increase in cement and concrete volumes, respectively. Cement and concrete prices rose by 11.5 and 14 per cent, respectively. Excluding the appreciation of the local currency, sales were up by 20.2 per cent. In the USA, sales were up 6.6 per cent, partly due to a 3.6 per cent pick-up in concrete... |
Holcim reports 1H23 organic net sales up 7%27 July 2023, Published under Cement NewsHolcim saw its net sales decline by 11 per cent YoY to CHF13,067m in the 1H23, but organic net sales expanded by 7.4 per cent over the same period, reports the Swiss-based building materials group. “Growth reflects the strengthened earnings profile of the Group as it moves its portfolio towards businesses with superior growth and profitability,” said the group in a statement. The company invested CHF1800m in the 1H23 in the acquisition of 18 companies, including CHF1.300m for eight acquisi... |
Titan Group announces 1H23 consolidated sales of EUR1229m27 July 2023, Published under Cement NewsTitan Group ’s consolidated sales for the H123 surpassed the EUR1.2bn (US$1.335bn) level, reaching EUR1229m, increased by 18.7 per cent versus the 1H22. EBITDA increased to EUR241.2m compared with EUR136.3m in the 1H22, an increase of 77 per cent, with profitability margins expanding, as investments implemented during the last two years are progressively improving cost performance. Group EBITDA over the past 12-month period (July 2022-June 2023) reached EUR436m. Net profit after taxes a... |
Cementos Molins posts revenues of EUR705m in 1Q2327 July 2023, Published under Cement NewsCementos Molins has announced its financial results for the 1Q23. Revenues reached EUR705m, up 16 per cent compared to the 1Q22. The company has also improved sales across all businesses and regions, driven by both volume and selling prices. On a LfL basis, revenues rose by 30 per cent. EBITDA reached EUR179m, a 36 per cent increase compared to the same period of 2022. This improvement is primarily due to the positive impact generated by higher volumes, as well as the company’s efficien... |
Lucky Cement receives KCCI Export Trophy Award27 July 2023, Published under Cement NewsLucky Cement Ltd ( Yunus Brothers ) has received the KCCI Export Trophy Awards for its outstanding achievements in the international market. CEO of Lucky Cement Ltd, Muhammad Ali Tabba, was honoured with the prestigious KCCI Platinum Export Trophy Award for the company’s exceptional performance in the cement sector from 2020-21. Mr Tabba expressed his gratitude for the recognition, stating, “We are immensely proud to be acknowledged by the KCCI.” He added, “We focus on implementing adva... |
Applied Rigaku Technologies INC moves to new offices27 July 2023, Published under Cement NewsApplied Rigaku Technologies Inc, a division of the analytical and industrial instrumentation technology company Rigaku Corp, announces its relocation to a 20,260ft 2 facility in Cedar Park, Texas,USA. The company, a leading provider of Rigaku EDXRF (energy dispersive X-ray fluorescence) products, is excited about this move, which reflects its commitment to growth and providing its customers with the highest level of service and support. The new facility, located in a modern busines... |
Breedon reports solid 1H2326 July 2023, Published under Cement NewsBreedon Group plc announced its unaudited interim results for the first six months of 2023, ended 30 June. Revenues for the UK-based construction materials group increased by 11 per cent YoY to GBP742.7m (US$958.7m), but EBIT saw a five per cent drop YoY to GBP62.1m in the 1H23. On a like-for-like basis (adjusting for six bolt-on acquisition in the last 12 months), revenue increased by seven per cent and EBIT by four percent. As as result the EBIT margin slipped by 140 basis points to 8.... |