Cement News tagged: Corporate
Shree Cement appoints new chief sustainability officer
India’s Shree Cement has appointed Shrinath Savoor as its new chief sustainability officer (CSO), with effect from 9 August 2021. The new CSO will steer the company efforts towards strengthening its sustainability and ESG value proposition. "The appointment will help bring a more focussed approach in its drive towards catalysing sustainability as a major driver of its growth. It is a ref...
Votorantim Cimentos records sales volume growth of 31% in 2Q21
Votorantim Cimentos’ sales volume rose to 9.8Mt in 2Q21 compared to 7.5Mt in 2Q20, a growth of 31 per cent. Strong sales were recorded on all countries of the company’s operations as a result of COVID-19 vaccinations and improving market dynamics in all regions. Osvaldo Ayres, Votorantim Cimentos’ chief financial officer, said: "The company's consolidated net revenue improved by 50 per cen...
Siam Cement records 83% increase in net profit
Thailand’s Siam Cement has seen an 83 per cent increase in net profit to THB17.14bn (US$512.4m) in the second quarter of 2021, supported by its chemical and packaging businesses. Revenue also advanced 39 per cent YoY to THB133.56bn. The company has also announced a capex target of THB80-90bn for this year.
Asia Cement posts 7% rise in revenue
Taiwan’s Asia Cement has recorded a 6.7 per cent YoY rise in revenue to TWD22.08bn (US$792.89m) in the second quarter of the year, compared to TWD20.69bn in the year-ago period. However, net profit saw a 3.3 per cent fall to TWD4.52bn from TWD4.67bn in the 2Q20.
Shree Cement sees 79% net profit increase
India’s Shree Cement has reported a 46.6 per cent rise in gross revenue from operations to INR44.01bn (US$591.47m) for the first quarter of the FY21-22, compared to INR30bn in the year-ago period. Total income also increased 46.1 per cent YoY to INR35.89bn from INR24.57bn, while net profit climbed 78.5 per cent to INR6.61bn. Cement volumes advanced 41 per cent YoY to 6.79Mt while clinker sal...
Geocycle India increases waste management performance
Geocycle India, the waste-management arm of ACC Ltd and Ambuja Cements (Holcim group) has so far co-processed 2Mt of waste and achieved a thermal substitution rate (TSR) of six per cent in 2021. Ambuja Cements and ACC have six pre-processing and 14 co-processing facilities that handle close to 1Mta of waste that is diverted from landfill. The ACC Wadi plant in Karnataka co-processes more t...
Semen Indonesia Group sees 1H EBITDA up 2%
Semen Indonesia Group (SIG) reported a 1.2 per cent uptick in revenue to IDR16.213bn (US$1.13m) in the 1H21 from IDR16.026bn in the 1H20. The increase in revenue was mainly due to higher regional sales volumes as importing countries saw their sales volumes increase. While domestic sales volumes were 1.5 per cent lower YoY at 14.345Mt in the 1H21 a 35.5 per cent increase in regional sales to ...
Lucky Cement reports consolidated earnings of PKR28.2bn for FY21
Pakistan-based Lucky Cement Ltd reported a consolidated profit after tax of PKR28.23bn (US$172.46m) against PKR 7.1317bn in the previous fiscal year. The company achieved a consolidated gross turnover of PKR267.73bn, which is 64 per cent higher as compared to last year’s turnover of PKR162.87bn. The PAT of the cement segment (holding company) grew by 3.21 times during the year under revi...
Taiheiyo Cement announces 101% rise in net profit
Japan’s Taiheiyo Cement has posted a revenue of JPY159.6bn (US$1.44bn) in the quarter ending 30 June 2021, down 20.4 per cent on JPY200.56bn in the same period of the previous fiscal. However, net profit surged 101 per cent YoY to JPY6.58bn from JPY3.27bn in the 1QFY21-22.
Saudi Cement sees 14% rise in profit
Saudi Cement Co has posted a 14.1 per cent YoY rise in net profit to SAR86.4m (US$23.04m) in the quarter ending 30 June 2021, compared to SAR75.7m in the year-ago period. Revenue also climbed 17 per cent YoY to SAR348.1m from SAR297.5m in the 2Q20.
Ghacem plans construction of new 1.5Mta plant
Ghacem is preparing to begin construction for a new 1.5Mta plant in Kumasi, Ashanti region, which will serve the region and its surrounding areas. The MD of the Ghana-based company, Stefano Gallini, noted that the project is related to surging demand in that part of the country. Its Tema and Takoradi plants will also be expanded to improve efficiency, according to reports. The new project ...
Lucky Cement posts 19% decrease in revenue
Taiwan’s Lucky Cement has posted a 19.1 per cent YoY decline in revenue to TWD310.86m (US$11.17m) in July 2021, compared to TWD384.04m in the same month of the previous year. In the first six months of the year, the company also reported an 8.6 per cent decrease in revenue to TWD2.39bn from TWD2.61bn in the 1H20.
Orient Cement features in The Economic Times' Iconic Brands 2021
Orient Cement, one of India’s leading cement manufacturers and home to brands Birla.A1 Premium Cement and Birla.A1 StrongCrete, has featured in the fourth edition of The Economic Times’ Iconic Brands 2021. Talking about the recognition, Deepak Khetrapal, MD and CEO, Orient Cement, expressed, "We are delighted that the quality of our products along with our superior customer service has be...
Birla Corp consolidated net profit rises to INR1420m in FY1Q21
Birla Corp Ltd has reported a consolidated net profit of INR1425.1m (US$19.08m) in the 1QFY21-22 ended June 2021, which is 115 per cent higher over the corresponding quarter of the previous year, when net profit reached INR657.7m. However when compared with the January-March 2021 quarter, when a net profit of INR2493.3m was reported, it fell sharply. Net revenue for the quarter at INR17,...
Cemex to expand capacity at its Rockfort plant by 30%
Cemex plans to upgrade and increase the production capacity by 30 per cent of its Rockfort cement plant in Jamaica. This planned increase would strengthen the self-sufficiency of the national cement industry, reduce dependency on cement imports and reinforce CCCL’s ability to serve the growth of the construction sector in Jamaica and the Caribbean. Cemex anticipates that once this planne...
Cementarnica Usje sees 17% rise in profit
North Macedonia’s Cementarnica Usje has seen a 17 per cent YoY rise in net profit to MKD686.8m (US$13.2m) in the first half of the year, while operating revenue increased 18 per cent to MKD2.5bn. Domestic sales advanced 11 per cent to MKD1.6bn and sales on foreign markets was up 44 per cent to MKD827.9m.