Cement News tagged under: Weekly Newsletter
Cementir announces 2% drop in revenue in 202312 March 2024, Published under Cement NewsCementir has announced that its 2023 group revenues from sales and services have dropped 1.7 per cent to EUR1694.2m (US$1852.02m) after a record year of EUR1723.1m in 2022. The slight fall in revenues has been attributed to a reduction in volumes sold and weak local currencies, against a moderate increase in prices. Cementir added, in their press release that, had exchange rates remained constant from 2022, revenues would have increased 10.5 per cent to EUR1901.5m. This drop in revenues... |
CCUS project gets underway in Denmark12 March 2024, Published under Cement NewsResearchers in Denmark are currently testing a new technology that aims to significantly reduce CO 2 emissions from the cement industry. Forming part of the NEWCEMENT initiative, this latest project tests the implementation of a process technology that uses pure oxygen in the cement combustion process. It marks a collaboration between the Technological Institute, DTU, FLSmidth Cement and Lhoist, which owns Faxe Kalk A/S and is part of the INNO-CCUS partnership. Jens Christiansen at th... |
José María Barroso to lead Canacem11 March 2024, Published under Cement NewsJosé María Barroso Ramírez, CEO of Cemento Moctezuma , has been appointed as the new president of Mexico's cement association, Canacem, for 2024-25. He succeeds Jaime Hill Tinoco, CEO of Holcim México . Mr Barroso has more than 40 years of cement industry experience, having served previously as commercial director at Cemento Montezuma and more than 30 years at CEMEX . He graduated from the Instituto Tecnológico de Mérida, Yucatán, with a degree in industrial engineering and olds a Master... |
Cementos Molins appoints new CEO08 March 2024, Published under Cement NewsCementos Molins has appointed Marcos Cela as the new CEO. He succeeds Julio Rodríguez, who has held the job for the last nine years. The change comes after Rodríguez’s request to resign from his duties as the company's chief executive officer, and will be effective as of end of June, following the Shareholders Annual General Meeting, when Mr Cela’s appointment is to be officially confirmed. The change in the company’s leadership is the result of a carefully-planned process that took plac... |
Breedon posts record revenue in 202306 March 2024, Published under Cement NewsBreedon Group has announced record revenue of GBP1487.5m (US$1893.5m) in 2023, up seven per cent from the GBP1396.3m seen in the previous year. EBIT over the same period declined two per cent from GBP148m to GBP145.7m, while profit before tax slipped one per cent from GBP135.8m to GBP134.4m. According to the company, the record revenue was due to improved pricing, which offset a two per cent reduction in volumes, reflecting the challenging macroeconomic conditions. In terms of volumes,... |
Dangote boosts revenue by 36% in 202304 March 2024, Published under Cement NewsDangote Cement has reported revenue of NGN2.208trn (US$1.365bn) in 2023, up 36.4 per cent from the NGN1.618trn posted in the previous year. Operating profit over the same period advanced from NGN585.88bn to NGN734.27bn, marking an increase of 25.3 per cent. Gross profit saw a 25.8 per cent advance YoY to NGN1.202trn, while profit after tax improved by 19.2 per cent from NGN382.31bn in 2022 to NGN455.58bn a year later. Earnings per share saw growth of 18.9 per cent over the same timefram... |
thyssenkrupp Polysius wins Schwenk Zement activated clay project04 March 2024, Published under Cement NewsSchwenk Zement GmbH & Co KG has commissioned thyssenkrupp Polysius to build a demonstration plant in Alllmendingen for the production of activated clay without calcination. After the planned commissioning in 2025, the CO 2 emissions resulting from the production of cement containing clay will be significantly reduced. The new plant is based on an all-electric clay activation process jointly developed by thyssenkrupp Polysius and Schwenk Zement without calcination and without fuels. ... |
Kohat Cement Factory expands capacity and progresses Punjab plant04 March 2024, Published under Cement NewsKohat Cement Factory has updated the Pakistan Stock Exchange Ltd (PSX) about an increase in cement production capacity at Kohat in Khyber Pakhtunkhwa. After the optimisation of the pyroprocessing section of the existing 6700tpd grey cement production line, the clinker production capacity of the company increased from 6700tpd to 7064tpd. Moreover, the company’s net profit after tax jumped by 19 per cent to PKR4.45bn (US$15.93m) in the 1HFY23-24. However, local dispatches fell by 8.1 per ... |
BUA Cement records revenue growth of 27% in 202301 March 2024, Published under Cement NewsBUA Cement reports its full year 2023 audited financial statements and accounts, posting a strong revenue growth of 27.4 per cent to NGN460bn (US$282m) compared to NGN361bn in 2022, resulting from an increasing market share. However, with the devaluation of the naira last June and its continued depreciation, as well as growing inflation, the company faced increasing price pressures which impacted production costs, as these increased by 39.5 per cent to NGN276bn (2022: NGN197.9bn). In ad... |
Cementos Molins reports record results in 202329 February 2024, Published under Cement NewsSpain-based Cementos Molins closed 2023 with revenues of EUR1349m, up six per cent YoY with gains across all businesses and regions as sales increased and price management impacted positively on the company’s results. EBITDA advanced 22 per cent YoY to EUR337m thanks in particular to the contribution of the company’s Spanish and Mexican operations. Higher volumes, successful efficiency plans and increases in selling prices all played a role in improving the operational result. However, the... |