Cement News tagged: Corporate
Dalmia Cement launches production at 2.25Mta expansion
India's Dalmia Cement (Bharat) launched commercial production at its new 2.25Mta plant expansion in Bengal, Midnapore, on Wednesday. As a result, overall capacity at the unit has reached 4Mta, making it the largest plant in the state. The company has reported a revival in demand from the infrastructure and urban housing sectors, along with that from individual home builders and the government...
Caribbean Cement looks to capitalise on growing demand
Jamaica’s Caribbean Cement Co is looking to maximise its production capacity as it prepares to satisfy the increase in domestic demand, according to the Jamaica Observer. "Our current capacity is increasing every year — last year we were able to produce close to 1Mt of cement and this year we are going to exceed that as our plant has a capacity of 1.4Mta," said Yago Castro, general manager....
Cemex releases its Integrated Report 2020
Cemex, SAB de CV presented its Integrated Report 2020: 'Safe, Essential, Resilient' on 25 March, which includes a comprehensive analysis of Cemex’s strategic vision, operational performance, corporate governance, and value creation at a global level. Fernando A Gonzalez, CEO of Cemex said, "Sustainability remains to be one of our top priorities, and our Climate Action strategy makes us ...
CRH appoints new non-executive director to the Board
CRH plc has appointed Ms Caroline Dowling to the Board as a non-executive director, with effect from 22 March 2021. Ms Dowling (54), an Irish citizen, was until her retirement in February 2018 a Business Group President of Flex, an industry-leading Fortune 500 company with operations in 30 countries. Commenting on the appointment, Richie Boucher, chairman of CRH, said: "We are ...
Wonder Cement appoints new MD
India’s Wonder Cement has appointed Kiran Patil as its new managing director, with effect from 15 March. Mr Patil has previously worked as the chief manufacturing officer of ACC. "Having worked with some of the top cement manufacturers in the country and having handled multi-dimensional portfolios across segments, Kiranji’s appointment will surely be a significant contribution to Wonder Cemen...
Maple Leaf Cement Factory awards a contract for Punjab brownfield project
Maple Leaf Cement Factory Ltd (MLCFL) has signed a contract with plant supplier Chengdu Design & Research Institute of Building Materials Industry Co Ltd, China, for the supply of equipment and engineering for a 7000tpd dry-process grey clinker Line (No 4), through a brownfield expansion project in Punjab province, Pakistan. According to a communication to Pakistan Stock Exchange (PSX) b...
Dangote Cement records strong pan-African cement volumes in FY20
Dangote Cement's regional performance in FY20 saw its domestic market of Nigeria return volumes of 15.73Mt, a rise of 11.5 per cent on the 14.11Mt recorded in FY19. Cement and clinker sales in Nigeria rose by 14.3 per cent in FY20. The company saw a strong ‘V-shaped’ recovery in cement demand in Nigeria in the 3Q20 with volumes recorded at 4.29Mt for the quarter and this was relatively sustai...
Kuwait Portland Cement records 7% fall in profit
Kuwait Portland Cement has seen a 7.1 per cent YoY decline in attributable net profit to KWD1.3m (US$4.3m) in the 4Q20, compared with KWD1.4m in the year-ago period. Total operating revenue fell 46.6 per cent to KWD12.5m from KWD23.4m in the 4Q19.
Grupo Cementos de Chihuahua becomes GCC
Mexico-based cement producer Grupo Cementos de Chihuahua has formally approved its name change to GCC at an Extraordinary General Meeting on 23 March 2021. Luis Carlos Arias, GCC’s CFO, said: “We changed the name to GCC to better reflect our 2025 vision: to be the best cement company in North America with the proper balance of people, profit and the planet. It unifies our brand in multiple co...
Dangote Cement Group reports FY20 revenues of NGN1034.2bn
Dangote Cement Plc has released its FY20 results, reporting group revenue up 16 per cent to NGN1034.2bn (US$2718.1bn) when compared with FY19. Group EBITDA totalled NGN71.3bn, up 49 per cent on FY19 and pan-African EBITDA reached a record NGN478.1bn. Group gross profit amounted to NGN596,226m, up 16.5 per cent from NGN511,682m in FY19. Net debt at the end of the period stood at NGN337,275m....
Messebo Cement resumes operations
Ethiopia’s Messebo Cement has now resumed production after suspending operations for four months due to fighting in the area. Melaku Alebel, Minister of Trade, has confirmed that the company has started supplying products to stabilise the cement market. While cement prices had spiked in recent weeks, following measures taken by the Ministry of Trade, the price has fallen to ETB420/100kg (US$1...
Titan Cement Group records FY20 revenue of EUR1607m
Titan Cement Group delivered strong results in 2020, despite the uncertainty caused by the COVID-19 pandemic. Group consolidated revenue reached EUR1607m and was stable compared to the previous year. EBITDA posted a solid increase of 7.1 per cent to EUR286.2m . This was the highest EBITDA recorded since 2010. Net profit after taxes and minorities dropped to EUR1.5m (EUR50.9m in 2019) as a ...
Taiwan Cement reports company revenue of TWD114.36bn in FY20
Taiwan Cement has announced its consolidated financial results for the year ended 31December 2020, as compared to the corresponding period of last fiscal year. Company r evenue amounted to TWD114.36bn (US$4.02bn) and the gross profit margin totalled 32.9 per cent compared to 29.3 per cent in FY19. Operating income was TWD31.34bn and net income was TWD25.09bn, an increase of 3.7...
Jericho Cement plant to start up in 2022
Jericho Cement Co plans to build the first cement factory in Palestine. The Palestinian Investment Fund is supporting the project. "The cement mill is one of the most important steps toward achieving self-sufficiency," Muhammad Mustafa, head of the Palestinian Investment Fund said. The US$85m plant will be built with a cement capacity of 1.1Mta and is expected to be completed by 2022. ...
Dangote Cement confirms appointment of CFO
Nigeria’s Dangote Cement has confirmed the appointment of Guillaume Moyen as chief financial officer, with effect from 18 March 2021. Mr Moyen joined Dangote Cement in February 2019 as Group CFO (Operations) and was appointed Acting Group CFO in March 2019. He is in charge of finance and IT and has more than 20 years’ experience in multi-national industrial and services companies, notably o...
Huaxin Cement Xiangyang Co Ltd invests CNY1.5bn in building materials industrial park
This year, Huaxin Cement Xiangyang Co Ltd is investing an additional CNY1.5bn (US$230.6m), in its original cement building materials project. Huaxin Xiangyang Building Materials Industrial Park will see the construction of an active calcium production project and a fine sand project over the next three years. The first phase of the 'Commercial-Concrete Integration' project will invest...