Cement News tagged: Corporate
Taiheiyo Cement 9M net profit advances 22% YoY
Japan-based Taiheiyo Cement Corp saw its 9MFY20-21 revenues ended 31 December 2020 slip by 1.6 per cent to JPY652.71bn (US$6.23bn) from JPY662.99 in the year-ago period. However, operating profit advanced by 14.3 per cent from JPY42.16bn in 9MFY19-20 to JPY48.2bn in the 9MFY20-21.Pretax profits rose 16.4 per cent from JPY42.41bn to JPY49.35bn in the April-December 2020 period while net profi...
Lehigh Hanson's US$600m expansion project resumes
Lehigh Cement Company completed construction of a concrete slipform silo as part of resuming its US$600m expasnion project at the Mitchell plant in Texas, USA. Lehigh broke ground on the project in October of 2019 and began preparing the site for the large project. However, COVID-19 delayed the company’s progress with the project. Now the project has resumed with the construction of t...
Mangalam Cement posts 201% rise in net profit
India-based Mangalam Cement reported standalone net profit of INR374.5m (US$5.1m) for the quarter ended 31 December 2020, a 201.1 per cent advance when compared with the equivalent period in 2019. Net revenue increased by 10.2 per cent YoY to INR3.4049bn in the last quarter of 2020 from INR3.0904 in the corresponding quarter of the previous year. Operating expenses declined by 2.3 per cen...
ACC has groundbreaking ceremony at Kymore
ACC carried out the groundbreaking ceremony of its 2.7Mta integrated plant with a 1Mta grinding unit at Ametha in Kymore, Madhya Pradesh, India, on 6 February 2021. The line has a 9500tpd kiln with precalciner and a 15MW waste heat recovery system (WHRS). The generation of sustainable power through the WHRS is expected to reduce energy consumption of fossil fuel-based grid power and lead to ...
Ambuja Cement to start biofuel sea trials
Ambuja Cement (LafargeHolcim group) is commencing sea trails for using biofuels in its fleet of captive ships, Ambuja Mukund, a move which is estimated to reduce carbon emission by around 25 per cent, claims the company. "With the introduction of biodiesel blends, we are significantly contributing towards the reduction of GHG emissions by introducing a suitable alternate green fuel that ...
Cementir's preliminary 2020 consolidated results achieve revenues of EUR1224.8m
Cementir's preliminary consolidated results for 2020 achieved record revenue from sales of EUR1224.8m, up 1.1 per cent from EUR1211.8m in 2019. EBITDA remained stable at EUR263.7m. Sales volumes of grey and white cement and clinker totalled 10.71Mt, up 12.9 per cent from 9.49Mt in 2019 This increase is mainly attributable to the performance of the company in Turkey where cement volumes rose...
Dalmia Bharat reports 603% rise in profit
India’s Dalmia Bharat has seen a 603.3 per cent rise in consolidated profit after tax to INR1.83bn (US$25.1m) for the December quarter, compared to INR260m in the year-ago period. "We have emerged stronger from this crisis with our razor-sharp focus on the business fundamentals and on the well-being of our customers and our employees," said Puneet Dalmia, managing director, Dalmia Cement. ...
BUA Cement sees 19% revenue increase
Nigeria’s BUA Cement has seen a 19.3 per cent increase in revenue to NGN209.47bn (US$549.5m) in 2020, compared to NGN175.51bn in the previous year. Operating profit also climbed 15.5 per cent YoY to NGN82.5bn from NGN71.42bn. Profit after tax also rose 16.3 per cent to NGN70.51bn from NGN60.61bn in 2019.
Cem'In'Eu's Rhône Cements plant sees first clinker train arrive
With the arrival of the first clinker train from the port of Sète on 21 January 2021 to Rhône Ciments in France, Cem'In'Eu marked a decisive step in the plant's industrial development. The start-up of this branch terminal facility, for which the company built 400m of track and custom containers were designed to optimise each journey, illustrate the virtue of perseverance that today leads...
Ramco Cements sees 4% rise in revenue
India’s Ramco Cements has reported a four per cent YoY rise in revenue from operations to INR13.24bn (US$181.55m) for the December 2020 quarter. Gross earnings advanced 91 per cent YoY to INR4.03bn. However, cement sales declined 7.1 per cent to 2.6Mt from 2.8Mt in the 3QFY19-20. "The sales volume in the current quarter was impacted due to extended and above normal monsoon in Tamil Nadu, Kera...
UltraTech Cement receives approval to raise INR30bn
India’s UltraTech Cement has received approval to raise INR30bn (US$411.42m) through the issuance of US dollar-denominated bonds. The proceeds from the issuance are expected to be used to refinance existing rupee debt, with the remainder reserved for regular ongoing capital expenditure requirements and general corporate purposes. The bonds will be offered and sold within the US in one or ...
HGH appoints new President
HGH has promoted Vincent Leboucher to President of the HGH Group. Current President, Thierry Campos, retires from the business after 32 years at HGH. Vincent Leboucher, 40, graduated from the Institut d'Optique Graduate School in 2002 and joined HGH in 2003 as an electro-optics engineer. His rapid progression within the company saw him take on the position of Head of R&D in 2010 and Deputy...
Holcim Mexico launches Holcim Supra range
Following years of research at its Center for Technological Innovation for Construction and with international support of LafargeHolcim’s Innovation Center in Lyon, France, Holcim Mexico has launched a new product range, Holcim Supra. The new product family is the only smart 3-in-1 technology that, in addition to repelling water, optimises production processes and protects works from environ...
LafargeHolcim to close Contes cement line
LafargeHolcim will shut down cement production at its Contes plant in the Alpes-Maritimes region of France. Aggregate production at the site will not be affected by the reorganisation. A reorganisation plant was presented to the company’s social partners on 3 February. It is expected that 65 direct job and approximately 300 indirect jobs will be impacted by the closure is scheduled for the st...
Cemex announces plan to address US cement shortage
Cemex has announced plans to optimise its supply chain to address cement shortages experienced throughout the western US. The project will leverage the company’s supply chain synergies in North America to alleviate cement shortages and project delays in California, Arizona and Nevada, according to a press release. The plans involve investing approximately US$15m to recommission a kiln with ...
CRH Magyarország Kft receives Domestic Product certification in Hungary
CRH Magyarország Kft's concrete products have won Domestic Product certification in Hungary. The Domestic Product trademark is well-known and recognised among Hungarian consumers. Locally-manufactured products with at least 50 per cent Hungarian raw materials can apply for Domestic Product certification, which in addition to Hungarian origin, also represents reliable quality. CRH Magyaror...