Cement News tagged: Corporate

Breedon completes asset acquisition from Cemex

03 August 2020, Published under Cement News

Breedon has completed completion the acquisition of certain assets and operations from Cemex, as announced on 8 January 2020. As previously indicated, the Competition and Markets Authority (CMA) has instructed that these assets should be held separate from Breedon until it has completed its investigation. Accordingly, the assets will be operated as Pinnacle Construction Materials (Pinnacle),...

Vicat's 1H20 results see consolidated sales of EUR1.3bn

31 July 2020, Published under Cement News

Vicat has announced 1H20 results with consolidated sales of EUR1.304bn, down 2.7 per cent from EUR1.340bn in 1H19. EBITDA reached EUR213m, representing a decline of 6.7 per cent on EUR228m earned in 1H19. The EBITDA margin stood at 16.3 per cent in the 1H20 compared with 17 per cent in 1H19. First-half operational sales of the cement business rose 0.9 per cent on a reported basis, an...

Eagle Materials reports record 1Q results

04 August 2020, Published under Cement News

US-based Eagle Materials revenues advance 15 per cent to a record of US$428m in the first quarter of FY20-21 (ended 30 June). Michael Haack, President and CEO, said, “Against the backdrop of a global health crisis and unprecedented business disruption, our Company continued to perform well during the quarter, and our markets have proven to be resilient in the current environment. The integra...

Tvornica Cementa Kakanj posts net profit surge in 1H

31 July 2020, Published under Cement News

Bosnian cement company Tvornica Cementa Kakanj (TCK) more than doubled its net profit to BAM11.6m (US$7m) in the first half of 2020 from BAM5.3m in the 1H19. The company’s operating revenue advanced 30 per cent YoY to BAM41.8m in the 1H20 with operating costs rising 10.7 per cent to BAM29.7m according to TCK’s report to the Sarajevo Stock Exchange.

HeidelbergCement's 1H revenue declines by 10% to EUR8.25bn

HeidelbergCement's 1H revenue declines by 10% to EUR8.25bn

30 July 2020, Published under Cement News

HeidelbergCement Group revenues decreased by 10.4 per cent to EUR8.254bn compared to  EUR9.212bn in 1H19 and the company posted a loss of EUR3.095bn for the 1H20. In addition to lower sales volumes, the decline in revenue is also due to the changed business policy at HC Trading, reported HeidelbergCement. Cement sales reached 56.3Mt in the 1H20, a decline of seven per cent from 61Mt in the 1H...

LafargeHolcim records net sales of CHF10.7bn in 1H20

30 July 2020, Published under Cement News

LafargeHolcim recorded net sales of CHF10.693bn (US$11.7m), a decline of18.1 per cent compared to the prior year of CHF13.059bn, reflecting the severe impact of the implementation of strict lockdowns of construction sites in several major operating countries. The strong appreciation of the Swiss franc against all currencies accounted for 6.2 per cent of the absolute decrease. Following the eas...

Titan Group's 1H20 revenues stable at EUR786m

Titan Group's 1H20 revenues stable at EUR786m

30 July 2020, Published under Cement News

Titan Group consolidated revenue in the 1H20 amounted to EUR786.3m, remaining largely stable (+0.1 per cent) over the same period the previous year. Group cement and cementitious volumes reached 7.9Mt in the 1H20, down two per cent from 8.1Mt in the 1H19. Ready-mix sales edged up 1.3 per cent YoY to  2.64Mm 3 from 2.6Mm 3 in 1H19, while aggregate volumes totalled 9.2Mt, up 2.6 per cent from ...

CIMERWA set to list shares on stock exchange

30 July 2020, Published under Cement News

Rwandan cement producer CIMERWA is set to list its shares on the Rwandan Stock Exchange on 3 August, the company said in a press statement. Each share is trading at RWF120 (US¢12.6), the government expects to raise a total of RWF41.3bn. The step is part of the government to sell its stake in the cement company, joining other shareholders that have expressed an interest in exiting from the bu...

Martin Marietta reports 1H cement gross profit up 26%

30 July 2020, Published under Cement News

US-based building materials producer Martin Marietta posted total revenues of US$1.27bn in the 2Q20, representing a marginal decline from US$1.28bn in the 2Q19. However, the company’s gross profit increased 6.6 per cent from US$356.9m in the 2Q19 to US$380.5m one year later while earnings from operations advanced 7.2 per cent from US$285.9m to US$306.4m during the same period. Net earnings a...

Breedon Group sees revenue decline by 25% to GBP353.3m in 1H20

30 July 2020, Published under Cement News

Breedon Group Plc announced its interim (unaudited) results for the six months ended 30 June 2020 with revenue reaching GBP353.3m, representing a 25 per cent drop from GBP447.4m in 1H19. Breedon recorded cement sales of 0.8Mt in the 1H20, down from 1Mt in 1H19, while ready-mix sales declined to 1Mm 3 in the 1H20 from 1.5Mm 3 in the 1H19. Breedon also sold 8Mt of aggregates and 1Mt of asphalt...

UltraTech Cement's consolidated net sales reach INR75,630m in 1QFY21

13 August 2020, Published under Cement News

UltraTech Cement Ltd’s (Aditya Birla Group) consolidated net sales reached INR75,630m (US$1.01bn) in the 1QFY21 compared to INR112,290m in the 1QFY20. Profit before interest, depreciation and tax was at INR23,530m, down from INR30,840m in the corresponding period of the previous year. Normalised profit after tax was INR9,060m compared to INR12,810m in the corresponding period of the previous y...

Xinjiang Tianshan set to acquire six CNBM subsidiaries

30 July 2020, Published under Cement News

Xinjiang Tianshan Cement Co Ltd is in talks with China National Building Material Co Ltd (CNBM), about the acquisition of six of CNBM's cement-making subsidiaries, according to a filing to the Shenzhen Stock Exchange. To complete the deal, Tianshan suspended trading of its shares on the Shenzhen Stock Exchange Monday for a period of no more than 10 days. CNBM with a cement capacity of more t...

Cemex sales decline by 10% in 2Q20

28 July 2020, Published under Cement News

Cemex reported significant disruption from COVID-19 in 2Q20. Sales declined by 10 per cent YoY and EBITDA fell by six per cent to US$554m. These decreases were attributed to lockdown measures. The decline in quarterly consolidated net sales was due to lower volumes for the company's three core products in almost all regions. The USA was the one exception with cement volumes growing six per ce...

India Cements post 77% drop in 1Q net profit

28 July 2020, Published under Cement News

India Cements reported a 76.5 per cent fall in its net profit to INR169.6m (US$2.3m) in the first quarter of FY20-21 from INR722.1m in the 1QFY19-20. Total income declined 48.3 per cent to INR7.603bn in the 1QFY20-21 from INR14.72m in the year-ago period. EBITDA reached iNR1.59bn despite a steep drop in volumes due to the COVID-19 pandemic. “By first quarter results, it is just like reachi...

Cemex Latam Holdings sales decline 36% in 2Q20

28 July 2020, Published under Cement News

Cemex Latam Holdings, SA announced that in a quarter marked by significant disruption from the COVID-19 pandemic, sales declined by 36 per cent in 2Q20, while EBITDA fell by 32 per cent, in local-currency terms, YoY. Cemex’s consolidated cement volumes declined by 33 per cent during the second quarter YoY. However, volumes recovered significantly in June, doubling the volumes sold during Apr...

Yamama Cement Co reports 2% slip in 2Q revenues

28 July 2020, Published under Cement News

Yamama Cement Co reported a 2.2 per cent slip in 2Q revenues to SAR161.7m (US$43.1m) in the 2Q20 when compared with SAR165.3m in the 2Q19. The company’s net profits declined 10 per cent YoY in 2Q20 to SAR47.6m from SAR53.2m in the 2Q19. Increasing general and administrative expenses as well as lower other revenues were key factors in the profit fall.