Cement News tagged under: corporate
Holcim US scoops slag cement award02 May 2024, Published under Cement NewsHolcim US has been recognised by the Slag Cement Association (SCA) as a winner in the 2023 Slag Cement in Sustainable Concrete Awards. The company was honoured in the Innovation Applications category at an awards ceremony held in conjunction with the Spring American Concrete Institute Convention in New Orleans. Holcim US secured the win by showcasing its project at the Duck Lake Country Club, Albion, Michigan. The project revived the club’s distressed, asphalt parking lot by topping it... |
Titan Group named a 'Climate Leader'02 May 2024, Published under Cement NewsTitan Group has been recognised as one of ‘Europe’s Climate Leaders’ in the fourth edition of the prestigious list published by the Financial Times. Titan’s inclusion on the list underscores its enduring commitment to environmental stewardship and sustainable business practices, according to the company. “Furthermore, it highlights the company's accelerated progress towards achieving net zero, in alignment with its Green Growth Strategy 2026,” it adds. The criteria for selection emphas... |
Vicat sees 8% like-for-like advance in 1Q sales01 May 2024, Published under Cement NewsVicat reported a 1.2 per cent YoY (+7.9 per cent like for like (lfl)) uptick in consolidated sales to EUR911m in the first quarter of 2024 from EUR899m in the 1Q23. The company attributes the positive results to 4.1 per cent increase in cement volumes to 6.9Mt, a 5.4 per cent advance in concrete volumes to 2.2Mm3 and a still resilient pricing environment in most markets with a favourable cost/price differential. “The Vicat Group enters 2024 with organic growth of nearly eight per cent, dri... |
Huaxin Cement sees revenue advance 7% YoY01 May 2024, Published under Cement NewsHuaxin Cement has posted revenue of CNY7.08bn (US$977m) in the first quarter of 2024, ended 31 March, up 6.9 per cent on the same period a year earlier. Net income over the same timeframe declined 28 per cent to CNY177.5bn. Meanwhile, the profit margin fell from 3.7 per cent in the 1Q23 to 2.5 per cent in the 1Q24, reportedly driven by higher expenses. Earnings per share in the 1Q24 stood at CNY0.09, down from CNY0.12 in the year ago period. According to Simply Wall St, revenue exce... |
Yamama Cement 1Q profit edges up 2%01 May 2024, Published under Cement NewsYamama Saudi Cement Co reported sales of SAR273.7m (US$73m) in the 1Q24 when compared with SAR279.9m in the year-ago period. The 2.2 per cent YoY drop was on the back of a decrease in sales volumes. However, the company’s net profit in the first three months of 2024 improved by 2.3 per cent to SAR115m from SAR112.4m. The positive change in net profit has been attributed to a decrease in the cost of sales and an increase in other revenues. |
Usje sees 58% jump in net profit in 1Q2401 May 2024, Published under Cement NewsCementarnica Usje AD of North Macedonia, part of the Titan group, reported a six per cent increase in domestic sales to MKD840.2m (US$14.6m) in the 1Q24 while export sales are up seven per cent YoY to MKD348.1m. The company also posted a three per cent YoY increase in operating revenue to MKD1.2bn in the first three months of 2024. Operating costs were down 10 per cent to MKD812.7m. As a result, net profit surged 58 per cent YoY to MKD299.9m. |
UltraTech Cement sales up 9% YoY30 April 2024, Published under Cement NewsIndia’s UltraTech Cement , part of the Aditya Birla Group, has reported a strong performance in the 4QFY24, ended 31 March 2024. Consolidated net sales for the three-month period came in at INR200,690m (US$2.4bn), marking a nine per cent advance YoY, while profit after tax advanced 36 per cent YoY to INR22,580m. For the full year 2024, the company reported a 12 per cent improvement in consolidated net sales to INR698,100m. Profit after tax came in at INR70,050m, up 38 per cent YoY, whil... |
Dangote reports 101% revenue surge in 1Q2430 April 2024, Published under Cement NewsDangote Cement has reported group revenue of NGN817.4bn (US$659m) in the first quarter of 2024, ended 31 March, marking a 101 per cent surge YoY. EBITDA advanced by 66.6 per cent over the same period to NGN309.5bn, giving a 37.9 per cent margin, while group volumes advanced 12.3 per cent to 7Mt. Profit after tax stood at NGN112.7bn, up 2.9 per cent YoY. In Nigeria, Dangote saw a strong rebound in volumes, up 26.1 per cent YoY to 4.6Mt. This resulted in EBITDA growth of 41.8 per cent to... |
CBB posts 132% surge in 1Q income30 April 2024, Published under Cement NewsChile-based CBB reported sales of CLP97,781.67m (US$102.83m) in the 1Q24, up 11.1 per cent from CLP87,989.15m in the equivalent period of the previous year. In the 1Q24 EBITDA reached CLP22,803, up 44.8 per cent YoY as dispatches in all business lines increased and margins improved. Cement dispatches increased 22.6 per cent YoY to 315,000t in the 1Q24 from 257,000t in the while concrete deliveries edged up by 6.4 per cent YoY to 281,000m 3 from 264,000m 3 . Net income advanced by 131.... |
Cementos Molins closes 1Q24 with 38% net profit hike30 April 2024, Published under Cement NewsCementos Molins SA saw revenues slip to EUR336m in the 1Q24 due to the decline in activity in Argentina only being partly offset by increases in most businesses and regions. EBITDA picked up by five per cent YoY to EUR90m thanks to the contribution of the company’s businesses in Europe, Mexico and North Africa. Selling prices delivered a net contribution when compared with costs and the positive impact of efficiency plans also contributed to the upward trend in EBITDA. On the downside, l... |