Cement News tagged: Corporate
Cementir's revenue totals EUR805m in the 1H22
Cementir's revenues from sales and services reached EUR805.2m (US$821.7m), an increase of 21.2 per cent compared to EUR664.5m in the 1H21. The increase in revenue is mainly due to price increases reflecting higher costs of fuel, electricity, raw materials, transport and services. EBITDA reached EUR154.7m, up 15.9 per cent from EUR133.5m in the 1H21. During the first six months of 2022, C...
Cementos Molins reports on 35% rise in revenue in 1H22
Cementos Molins has reported revenue of EUR608m in the first half of 2022, up 35 per cent on the same period a year earlier, driven by higher activity in South America and acquisitions in 2021. On a like-for-like basis of currencies and consolidation scope, revenue advanced by 12 per cent. EBITDA in the 1H22 reached EUR132m, marking a six per cent advance on the 1H21, mainly due to the impr...
Vicat reports 13% rise in 1H sales but rising energy costs affect EBITDA
Vicat reported a 12.5 per cent increase in first-half sales to EUR1755m (US$1790.6m) in the January-June 2022 period when compared with the 1H21, when sales reached EUR1560m. At constant scope and exchange rates, the advance was 14.5 per cent. However, in the 1H22 EBITDA declined by 10.4 per cent YoY (9.8 per cent at constant scope and exchange rates) to EUR269m from EUR300m in the 1H21. T...
JK Lakshmi Cement sees revenue gain
JK Lakshmi Cement has reported unaudited standalone revenue from operations of INR15,510m (US$194.3m) in the three months ended 30 June 2022, compared to INR12,315m in the same period a year earlier. Total expenses over the same period advanced from INR10,871m to INR14,060m with power and fuel expenses rising from INR2413m to INR3659m, and transport, clearing and forwarding charges increasi...
UWCL reports on revenue rise
India's Udaipur Cement Works Ltd (UWCL) has reported unaudited revenue from operations of INR2781.1m (US$34.8m) in the quarter ended 30 June 2022, compared to INR2163.3m in the same period a year earlier. Total expenses over the three-month period came in at INR2594.4m, up from the INR1951.9m seen in the same quarter in 2021. Cost of materials consumed had jumped from INR272.7m in the qua...
Yanbu Cement 2Q profits down 25% in 1H22
Saudi Arabian cement producer Yanbu Cement Co reported a 24.5 per cent fall in its net profits after zakat and tax to SAR86.97m (US$23.2m) when compared with the 1H21, when the company achieved profits of SAR115.23m. Revenues were down by 10.3 per cent to SAR479.8m in the 1H22 from SAR353.09m in the 1H21. While second-quarter revenues slipped by 1.9 per cent YoY to SAR238.17m from SAR242.6...
Holcim reports on record results in 1H22
Holcim has reported record sales on CHF14,681m (US$15,273m) in the first half of 2022, marking a 16.9 per cent increase YoY, driven by sales growth in all segments. Net sales in the second quarter alone were up 13.6 per cent YoY to CHF8240m. Record recurring EBIT was also seen in the 1H22, coming in at CHF2173m, up 9,6 per cent YoY. This was attributed to a robust improvement in profitabilit...
Breedon Group reports revenue of GBP671m in 1H22
Breedon Goup's interim 2022 results saw revenue reach GBP671.1m (US$809.1m) up 12 per cent from GBP600.9m in 1H21. EBIT totalled GBP65.5m, up 22 per cent from GBP53.7m, and profit before tax totalled GBP59.5m, up 29 per cent from GBP46.2m. Breedon explained that approximately 20 per cent of the group’s revenue originates from residential construction where housing markets in both GB and Ire...
Yamama sees 9% dip in 1H profits
Yamama Cement Co of Saudi Arabia saw its net profit after zakat and tax decline by 9.2 per cent YoY to SAR120.1m (US$32m) in the 1H22 from SAR 132.55m in the 1H21. Sales expanded by 12.5 per cent YoY to SAR430.86m in the 1H22 from SAR382.83m in the year-ago period. In the second quarter of 2022, net profits were up by 16.8 per cent YoY to SAR90.69m from SAR77.68m in the 2Q21. Sales incre...
Cahya Mata Sarawak plans to double its cement capacity
Cahya Mata Sarawak (CMS) is looking at doubling its current cement production at the Bintulu grinding plant as the conglomerate plans to ramp up capacity for construction of Indonesia's new capital Nusantara. The Bintulu grinding plant in Sarawak has a current production capacity of 0.75Mta. Regional demand for cement is expected to increase with the Nusantara City project set to be ina...
Song Lam Cement exports 2.28Mt of cement in 1H22
Vietnam-based Song Lam Cement JSC , part of the Vissai Group , exported 2.28Mt of cement in the first half of 2022, according to local media. The Philippines was the largest off-taker of Song Lam cement, importing 713,000t. Other sizeable volumes were bought by China (640,000t) and the USA (628,500t). A further 101,000t was shipped to France and 5000t to Singapore. In terms of productio...
Advent International partners Cemex and invests in NEORIS
Advent International is partnering with CEMEX to accelerate the growth and development of NEORIS. As a global provider of tech consultancy and digital transformation services, NEORIS will strengthen its capabilities and reach through Advent’s expertise in the space. With Advent’s support, NEORIS will deepen its focus on artificial intelligence, data science, cloud solutions, and automa...
BUA to expand Kalambaina plant
BUA Cement is reportedly in talks with the International Finance Corporation (IFC) over a loan to expand its integrated cement plant in Kalambaina, Sokoto State, Nigeria. According to Reuters, the company is looking to increase the plant's cement production capacity from 2Mta to 8Mta.
Cementos Pacasmayo shows improved 2Q and 1H results
Peru-based Cementos Pacasmayo SAA announced its consolidated results for the second quarter of 2022 and the six months ended 30 June 2022. 2Q22 In the second quarter of 2022 revenues increased 14.1 per cent YoY on the back of an increase in average prices of bagged cement. Sales volumes of cement, concrete and precast declined 1.9 per cent when compared with the peak levels in the 2Q21. C...
Huaxin increases Chilanga stake
Huaxin Ltd has increased its shareholding in Zambia-based Chilanga Cement from 75 to 81.19 per cent following the purchase of 50,013,468 shares, according to the Times of Zambia. The company submitted a cash offer to the board of directors of Chilanga Cement to purchase from the minority shareholders, all the remaining 50,013,468 shares that did not own representation of 25 per cent shareh...
Lehigh Hanson Inc 'tops-off' the steel section of its Mitchell stack
Lehigh Hanson Inc ( HeidelbergCement ) is pleased to announce the placement of the final section of steel for the stack at its new state-of-the-art Lehigh Cement plant in Mitchell , Indiana, USA. The Lehigh plant hosted a ‘topping out’ ceremony on Friday, 22 July 2022, where Lehigh employees, representatives from the construction team, contractors and local dignitaries signed the steel sect...