Cement News tagged: Corporate

LafargeHolcim records 3Q20 net sales of CHF6.46bn

30 October 2020, Published under Cement News

LafargeHolcim recorded 3Q20 net sales of CHF6.455bn (US$7.046bn), down 9.6 per cent on the 3Q19. Recurring EBIT totalled CHF1.45bn in the 3Q20, rising 1.9 per cent YoY. Group cement volumes saw a modest decline of one per cent YoY to 52Mt from 52.5Mt in the 3Q19, with the segment's net sales falling nine per cent YoY to CHF4.12bn from CHF4.51bn. For the first nine months of the year, g...

GCC reports a 7% decline in net sales

30 October 2020, Published under Cement News

Mexico’s Grupo Cementos de Chihuahua (GCC) reported a 6.8 per cent YoY decline in consolidated net sales to US$281.1m for the third quarter of 2020, compared with US$301.7m in the 3Q19. The fall was primarily due to decreased cement volumes in the US, concrete volumes in Mexico and the depreciation of the Mexican peso, according to its earnings report. However, it was partially offset by high...

BUA Cement shows 21% surge in revenue

30 October 2020, Published under Cement News

Nigeria’s BUA Cement has shown 21 per cent growth in revenue for the first nine months of 2020, rising to NGN156.55bn (US$412.05m) from NGN129.43bn in the 9M19. Profit after tax also advanced 24 per cent YoY from NGN43.25bn to NGN53.57bn. "We are quite optimistic about the future because it affords us not only with the opportunity to further evolve our business model but also provides an op...

Umm Al-Qura Cement announces 37% revenue increase

30 October 2020, Published under Cement News

Saudi Arabia’s Umm Al-Qura Cement has announced a 37 per cent YoY rise in revenue to SAR87.61m (US$23.36m) for the third quarter of 2020, compared to SAR63.96m in the year-ago period. Net profit also surged 68.5 per cent to SAR31.91m from SAR18.94m in the 3Q19.

Fecto Cement records 21% rise in net sales

Fecto Cement records 21% rise in net sales

30 October 2020, Published under Cement News

Pakistan’s Fecto Cement saw its net sales advance 20.5 per cent YoY to PKR1.08bn (US$6.76m) in the third quarter of 2020, against PKR897.7m in the year-ago period. The company also announced a contraction in its loss after tax to PKR39.35m from PKR52.9m in the 3Q19.

Cemex sees net sales rise to 3% to US$3.436bn in 3Q20

29 October 2020, Published under Cement News

Cemex SAB de CV has announced its 3Q20 results with net sales increasing by three per cent on a like -for-like (LfL) basis to US$3.436bn, while EBITDA rose by 15 per cent to US$728m.     Net operating earnings, before other expenses, rose by 20 per cent to US$453m on a LfL basis. Net debt plus perpetual notes fell by US$504m versus the previous quarter. Net sales in Mexico rose by 14 per...

Summit Materials sees revenue fall 3% in 3Q20

Summit Materials sees revenue fall 3% in 3Q20

29 October 2020, Published under Cement News

USA-based Summit Materials saw its net revenue decrease 3.1 per cent YoY in the 3Q20 to US$645.2m, compared to US$665.8m in the corresponding period of last year. For the three months ended 26 September 2020, sales volumes increased 3.1 per cent YoY in aggregates but decreased one per cent in ready-mix concrete, 6.4 per cent in asphalt and 11.3 per cent in cement. Average selling prices fel...

Siam Cement reports 57% rise in profit for 3Q20

29 October 2020, Published under Cement News

Thailand’s Siam Cement saw a 57 per cent YoY rise in consolidated net profit to THB9.74bn (US$311.6m) for the third quarter of 2020, with the result attributed to an 80 per cent increase in chemicals profit and increased efficiencies from its cement segment. However, consolidated revenue declined nine per cent YoY to THB100.94bn due to a fall in chemicals selling prices. For the first ni...

Cemex Latam Holdings records net sales decline of 8% in 3Q20

29 October 2020, Published under Cement News

Cemex Latam Holdings announced that its consolidated net sales declined by eight per cent in 3Q20 and EBITDA improved by 19 per cent compared to 3Q19. A controlling interest net loss of US$109m was recorded during the 3Q20. Operating EBITDA in Colombia reached US$28m, 59 per cent higher on a like-to-like basis compared to 3Q19. Net sales rose by one per cent to US$115m on a like-to-like bas...

Dangote's IPO on LSE not expected until 2023

29 October 2020, Published under Cement News

Nigeria’s Dangote Cement is not expected to attempt an initial public offering on the London Stock Exchange until at least 2023, according to News 24. "The London listing is not something which will happen in the short to medium term," said Temilade Aduroja, head of investor relations. "We are focussed on our export strategy and increasing our foreign-currency revenue."

Semen Indonesia looks to optimising market opportunities in pandemic

29 October 2020, Published under Cement News

PT Semen Indonesia (Persero) Tbk (SIG) has prepared a range of business strategies during the COVID-19 pandemic, including optimising the company’s market potential. "The impact of this pandemic economically is very broad, so the health sector problems affect all sectors. But what we are doing is responding to today's challenges, ”said Director of Marketing and Supply Chain, Adi Munandir. Th...

Eastern Province Cement posts 19% rise in profit

28 October 2020, Published under Cement News

Saudi Arabia’s Eastern Province Cement reported a net profit of SAR43m (US$11.47m) in the 3Q20, rising 19.4 per cent YoY from SAR36m in the year-ago period. However, the company's revenues declined by 8.6 per cent to SAR159m from SAR174m in the 3Q19. During the first nine months of 2020, the company's net profits rose 38.6 per cent YoY to SAR158m from SAR114m in the corresponding period of ...

Caribbean Cement sees sales increase 11% in 9M20

28 October 2020, Published under Cement News

Jamaica’s Caribbean Cement has seen its sales rise 11.1 per cent YoY to JMD15bn (US$102.8m) in the 9M20, compared to JMD13.5bn in the year-ago period. The company’s gross profit of JMD7bn from the first nine months of this year equates to what the company made in the full-year 2019 period, according to the Jamaica Gleaner.  In the third quarter of 2020, the company saw profits reach JMD1.2b...

Indocement sales fall 9% in 9M20

28 October 2020, Published under Cement News

HeidelbergCement-owned Indocement posted sales of 11.7Mt in the January-September 2020 period, down 8.6 per cent when compared with the 9M19. The drop in sales is attributed to the impact of the COVID-19 pandemic. Indocement expects full-year sales to decrease by 5-7 per cent YoY.

BCPAR joint venture buys CRH's Brazilian assets

29 October 2020, Published under Cement News

Companhia Nacional de Cimento (CNC), a wholly-owned subsidiary of BCPAR SA, company in which Buzzi Unicem holds 50 per cent of the share capital in a joint venture with Grupo Ricardo Brennand, has signed a purchase agreement for the businesses of the CRH group operating in Brazil. The CRH companies operating in Brazil own three integrated cement plants and two grinding units in the so...

China Shanshui Cement sees operating revenue decline 5%

27 October 2020, Published under Cement News

China Shanshui Cement has seen its profit attributable to shareholders decline 6.7 per cent YoY to CNY2.33bn (US$346.97m) for the nine months ended 30 September 2020. Operating revenue also decreased 4.6 per cent YoY to CNY15.31bn in the 9M20.