Cement News tagged: Corporate
Udaipur Cement Works reports strong income
Udaipur Cement Works Ltd has reported total income of INR3003.3m (US$36.17m) in the quarter ended 31 December 2023. This compares to INR2695.2m in the previous quarter and INR2385.1m in the quarter ended 31 December 2022. In the nine months ended 31 December 2023, total income came in at INR8163.2m, up from the INR7374.2m seen in the same period a year earlier. Profit after tax in the D...
Breedon launches 2024 apprenticeship programme
Breedon Group plc (Breedon or the Group), a leading vertically-integrated construction materials group in Great Britain and Ireland, has announced the launch of its 2024 apprenticeship programme that will see 40 new apprentices join the group in September. The programme, which aims to equip participants with the skills and knowledge required to excel at a career in the building materials s...
Çimsa’s Mersin plant scoops Gold award
Çimsa ’s Mersin plant has been awarded the Gold level certificate by the International Concrete Sustainability Council. The award recognises the plant’s compliance with international norms in terms of its resource utilisation and sustainability under the headings of management, environment, economy and social issues. Çimsa (part of Sabancı Holding ) has become one of just three plants in t...
Eagle Materials reports record revenue in 3QFY23-24
US-based Eagle Materials has reported record revenue of US$558.8m in the third quarter of FY23-24 (3QFY24), ended 31 December 2023, marking a nine per cent increase YoY. The results come despite “a backdrop of shifting, albeit constructive, market conditions as interest rates moved materially lower during the latter half of the quarter,” said Michael Haack, president, Eagle Materials. Adjust...
Nuvoco sees 55% increase in 3Q EBITDA
Nuvoco Vistas Corp saw consolidated cement sales volume fall by 10 per cent YoY to 4Mt in the 3QFY23-24 (October-December 2023). The company also reported a seven per cent drop in revenue to INR24.21bn (US$291.6m). However, EBITDA expanded by 55 per cent YoY in the 3QFY23-24 to INR4.21bn, supported by improved price realisations and a decline in power and fuel costs. EBITDA/t of INR1048 wa...
Shree Cements reports jump in profit
Shree Cement has reported total income of INR53,706.5m (US$646.85m) in the quarter ended 31 December 2023. This compares to INR49,321.1m in the previous quarter and INR44,733.8m in the quarter ended 31 December 2022. In the nine months ended 31 December 2023, total income came in at INR155,366.6m, up from the INR130,655m seen in the same period a year earlier. Profit after tax in the De...
Hoffmann Green agreement targets private individuals
Hoffmann Green Cement Technologies has signed a strategic partnership to sell its clinker-free low-carbon cements through the retail network of Bricomarché, Bricorama, Brico Cash and Tridôme (part of Les Mousquetaires Group). Through this agreement, the four DIY chains of the Les Mousquetaires group, Bricomarché, Bricorama Brico Cash and Tridôme, are pursuing their commitment to a global and...
Holcim New Zealand appoint new EGM
Michael Miller has been appointed Executive General Manager (EGM) for Holcim New Zealand. He has extensive management experience across a range of disciplines including sales and marketing, procurement, operations and logistics. From January 2024, Michael leads Holcim ’s team in Aotearoa New Zealand. He will continue to advance Holcim New Zealand’s role as a leading supplier of cement, agg...
Ambuja Cements reports jump in profits YoY
Ambuja Cements Ltd has reported total income of INR45,477.3m (US$547.7m) in the three months ended 31 December 2023, up from INR42,043.7m in the same period a year earlier. Profit after tax came in at INR5136.8m in the December 2023 quarter, versus INR3689.9m in the comparable period in 2022. Total expenses over the same period expanded from INR36,793.2m to INR38,673m, while basic earning...
FLSmidth reports 2023 cement revenues of DKK6bn
FLSmidth has released its 4Q23 and full-year 2023 preliminary and unaudited results. The cement business recorded revenues of DKK1.4bn (US$203.3m) in the 4Q23 and DKK6bn in 2023. EBITDA margin for the cement business grew by 7.4 per cent in the 4Q23 and by 6.7 per cent in 2023. The order intake for the 4Q23 in the cement business totalled DKK1bn and in 2023 it reached DKK4.9bn. In a stat...
UltraTech Cement commissions Rajpura plant
UltraTech Cement ( Aditya Birla Group ) has announced the commissioning of a 2.6Mta greenfield grinding plant at Rajpura , Punjab, India. This project forms part of the 22.6Mta capacity expansion announced in June 2022. The additional capacity will help UltraTech service the markets in Punjab. With the plant’s commissioning, the company’s total grey cement manufacturing capacity in India n...
CNBM profit to fall 65% in 2023
China National Building Materials (CNBM) has issued a profit warning for 2023, reports MarketScreener. According to the company, unaudited profit attributable to the equity holders of CNBM is forecast to decline by 65 per cent in 2023, compared to the previous year. The contraction is being attributed to a fall in the sales price of cement, commercial concrete and glass fibre, and lower ...
Heidelberg Materials launches evoBuild
Heidelberg Materials has introduced a new global product brand, evoBuild, for low-carbon and circular products. evoBuild products are characterised by their clear sustainability credentials, and each product must meet strict requirements to become part of the range. As the first company in the heavy building materials industry, Heidelberg Materials is using globally standardised criteria to ...
FLSmidth looks at possible divestment options in Cement business
FLSmidth will explore the available divestment options for its Cement business to maximise the division’s full potential and strengthen the market leading position of its Mining business. Over the past year, FLSmidth has simplified and rightsized the Cement business to further strengthen its market-leading position, improve profitability and make it fit-for-purpose with a strategic focus on ...
Eco Material Technologies enters ash agreement in Alabama
Eco Material Technologies has announced it will be collaborating with Alabama Power, a subsidiary of Southern Company, to harvest millions of tonnes of stored ash from Plant Barry, a coal- and natural gas-fired electrical generation facility located in Bucks, Alabama, USA. According to Stock Titan, the ash will be used in concrete blends to repair and construct bridges, roads, and buildin...
Premier Cement Mills' profit balloons in 2QFY23-24
Premier Cement Mills PLC , the second-largest cement maker in Bangladesh, uploaded its financial results on the Dhaka Stock Exchange (DSX) on 28 January. The company witnessed a surge in profit by nearly 30-fold in the October-December 2023 quarter on the back of higher sales. It earned a profit of BDT220m (US$1.99m) in the second quarter, which was BDT7.5m in the similar three-month period ...