Cement News tagged: Corporate

Kohat Cement Co to post strong results

12 February 2024, Published under Cement News

Kohat Cement Co Ltd is scheduled to announce its financial result for 1HFY23-24 (July-December 2023) on 14 February whereby AHL Research  anticipate the company will post a profit after tax of PKR4.313bn (US$15.57m) as compared PKR3.578bn, up by 21 per cent YoY. Likewise, in 2QFY23-24 (October-December 2023) earnings are expected to climb by seven per cent YoY, arriving at PKR2.0...

Cementir posts 2023 preliminary unaudited EBITDA of EUR421.9m

09 February 2024, Published under Cement News

Cementir Holding Group reports preliminary unaudited results for 2023. EBITDA reached the historic record of EUR421.9m, up 25.4 per cent compared to the EUR336.3m of 2022, following the improved results achieved in all geographical areas with the exception of the United States. The EBITDA margin was 24.5 per cent compared to 19.5 per cent in 2022. Net financial income totalled EUR15.8m (inco...

CEMEX reports 8% sales growth in 4Q23

09 February 2024, Published under Cement News

CEMEX has reported an eight per cent growth in sales in the 4Q23, plus a 20 per cent increase in EBITDA and a more than doubling of free cash flow (FCF) after maintenance capex to US$1.2bn.  CEMEX reported an EBITDA margin of 19.2 per cent, an expansion of  two percentage points, achieving its stated goal of recovering 2021 margin. Record EBITDA of approximately US$3.35bn and a turnaround i...

Heidelberg Materials awards FEED contract for Padeswood

09 February 2024, Published under Cement News

Sustainability solutions provider Worley and Mitsubishi Heavy Industries (MHI) Group have been awarded a front-end engineering and design (FEED) contract by Heidelberg Materials UK for the development of a carbon capture facility at the Padeswood cement works in north Wales. The Padeswood project has been selected as a Track 1 capture project by the UK government and is a key establish...

Attock Cement Pakistan’s profitability jumps 264% in 1HFY24

Attock Cement Pakistan’s profitability jumps 264% in 1HFY24

08 February 2024, Published under Cement News

Attock Cement Pakistan Ltd posted its financial result for 1HFY23-24 on the Pakistan Stock Exchange (PSX) website on 6 February, wherein it declared a profit after tax (PAT) of PKR2.04bn (US$730.1m) compared to a PAT of PKR560m in the same period last year, a growth of 264 per cent YoY. The company's profitability in 2QFY23-24 advanced by 12 per cent YoY to PKR497m compared to the year-ag...

Saint-Gobain signs energy PPA in Italy

08 February 2024, Published under Cement News

Saint-Gobain has signed a 10-year renewable electricity supply contract in Italy with Axpo Italia. The power purchase agreement (PPA) covers the purchase of electricity generated by a newly-built wind farm in the Puglia region. Axpo Italia will provide around 22GWh of green electricity per year, or 11 per cent of Saint-Gobain’s electricity needs in Italy. This contract is the fifth ...

Birla Corp records 15% YoY revenue growth

Birla Corp records 15% YoY revenue growth

08 February 2024, Published under Cement News

Birla Corp has reported revenue of INR23,120m (US$278.6m) in the 3QFY23-24. This compares to INR20,161m in the same quarter a year earlier, marking a 14.7 per cent YoY advance. Consolidated net profit in the 3QFY23-24 came in at INR1091.4m, versus a net loss of INR499.1m in the 3QFY22-23, according to BusinessLine Online.  The company saw cement sales of 4.2Mt in the 3QFY23-24, up 13.2 p...

Holcim expands Solutions & Products business

08 February 2024, Published under Cement News

Holcim has acquired ZinCo, a leader in advanced green roofing systems based in Germany with global operations across Europe, Asia and the Americas. The deal forms part of Holcim's efforts to advance its Solutions & Products business to 30 per cent of group net sales by 2025, entering the most attractive segments of construction, from roofing systems to insulation and renovation. According...

Misr Cement appoint new CEO and MD

07 February 2024, Published under Cement News

Mr Hassan Gabry has been appointed the new CEO, managing director and member of the Board of Directors at Misr Cement Group , effective from February 2024. Mr Gabry brings over 30 years of distinguished professional experience in commercial operations and business functions, with a significant focus on the cement industry spanning approximately 20 years. He has held key leadership and exec...

Monarch Cement embarks on groundbreaking solar project

09 February 2024, Published under Cement News

US-based Monarch Cement Co and Evergy Energy Solutions are collaborating on a groundbreaking solar project that is expected to serve as a model for the cement industry’s use of renewable energy. With the capacity to generate 20MW of clean electricity, the project is designed to offset a significant portion of Monarch’s energy consumption, reducing greenhouse gas emissions. The solar proj...

Orient Cement sees net profit jump 64% YoY

06 February 2024, Published under Cement News

India's  Orient Cement , part of the CK Birla Group , has reported revenue from operations of INR7513m (US$90.45m) in the quarter ended 31 December 2023 (3QFY23-24). This marks a 2.6 per cent increase on the INR7322.9m seen in the same period a year earlier. Over the same timeframe, consolidated net profit advanced to INR449.9m, up 63.5 per cent from the INR275.1m recorded in the 3QFY22-2...

Ciments de Bizerte reports 24% drop in revenue in 2023

06 February 2024, Published under Cement News

Tunisia-based Ciments de Bizerte reported a 23.7 per cent decline in revenue to TND94.4m (US$30.14m) in 2023 when compared with the previous year, according to data from the Tunis Stock Exchange. Cement sales volumes were down 10 per cent YoY. Domestic turnover fell by 16.5 per cent YoY to TND93.9m with cement and lime sales of 4.978Mt. The fall in domestic demand was attributed to the rec...

Republic Cement teams up with fast food giant to tackle plastic waste

06 February 2024, Published under Cement News

Republic Cement is working alongside fast food giant Jollibee Foods Corp (JFC) to reduce plastic packaging waste. Under the agreement, JFC will recover its post-consumer plastic packaging waste and rather than sending it to landfill, it will be sent to Republic Cement where it will be used as an alternative fuel. According to Philstar, the deal includes JFC’s wholly-owned brands in the Phili...

RAK White Cement posts AED20.5m profit in 2023

06 February 2024, Published under Cement News

Ras Al Khaimah Co for White Cement and Construction Materials has reported a net profit of AED20.54m in 2023, down 2.6 per cent from AED21.08m in 2022. Sales increased 3.3 per cent to AED255.89m in 2023 from AED247.66m in 2022. Basic earnings per share remained unchanged at AED0.04/share at 31 December 2023.

Mannok's commitment to energy efficiency pays dividends

05 February 2024, Published under Cement News

Ireland’s Mannok Cement has revealed that since 2017 it has saved 59mkWh of energy at its cement manufacturing facility through a multi-million-euro investment in energy-saving projects, while adhering to and retaining the energy management standard, ISO 50001. The saving is equivalent to the annual electrical energy usage of 14,047 Irish households, each consuming 4200kWh of electricity. ...

Kohat Cement Company completes BMR

05 February 2024, Published under Cement News

Kohat Cement Company Ltd (KCCL) informed the Pakistan Stock Exchange (PSX) on 1 February that the Balancing, Modernisation and Replacement (BMR) (pyro-process optimisation) of the existing 6700tpd grey cement production line located at Kohat, Khyber Pakhtunkhwa (KPK), has successfully been completed. It will help the company to bring operational and cost efficiencies to the plant. A last qu...