Cement News tagged: Corporate

Arabian Cement reports net loss in 2020

01 March 2021, Published under Cement News

Egypt’s Arabian Cement Co has reported an EGP122.78m (US$7.8m) net loss during 2020, compared with an EGP28.92m profit in the previous year. Sales revenues declined 20 per cent YoY to EGP2.48bn from EGP3.1bn. On a standalone basis, the company saw losses reach EGP116.21m against an EGP30.09m profit in 2019.

LafargeHolcim 4Q20 regional results see net sales of CHF5994m

26 February 2021, Published under Cement News

Group net sales for the 4Q20 totalled CHF5994m (US$6628m), down 8.1 per cent from CHF6521m in the 4Q19. In the 4Q20 LafargeHolcim recorded cement sales of 51.2Mt, slipping 0.5 per cent from 51.5Mt in the 4Q19. Aggregate sales decreased to 65.8Mt in the 4Q20, down 2.5 per cent from 67.5Mt in the 4Q19. Ready-mix sales reached 11.3Mm 3 in the 4Q20, a decline of 2.4 per cent from 11.6Mm 3 ...

LafargeHolcim FY20 net sales dip to CHF23,142m

26 February 2021, Published under Cement News

LafargeHolcim announced FY20 net sales of CHF23,142m (US$25,588m), down 5.6 per cent on a like-for-like basis (LfL) compared to the prior year and down 13.4 per cent on a reported basis. The LfL decline mainly results from the pandemic-related disruption, mostly in the 1H20, before returning to prior-year levels in the 2H20.   Recurring EBIT reached CHF3676m, down 10.4 per cent in total...

EAPCC sees revenue down 6%

26 February 2021, Published under Cement News

Kenya’s East African Portland Cement (EAPCC) has posted a KES1.035bn (US$9.425m) net loss for the half-year ended on 31 December 2020. The loss was still a 34 per cent improvement from the KES1.575bn loss recorded in the year-ago period. The company’s revenue fell by 6.3 per cent YoY to KES1.39bn from KSh1.48bn in the 1HFY19-20, on the back of a slowdown in the real estate and construction ...

Cementos Argos' 4Q20 regional results

Cementos Argos' 4Q20 regional results

26 February 2021, Published under Cement News

Following yesterday’s financial results , Colombia’s Cementos Argos has also reported its regional breakdown for the final quarter and full year of 2020. USA region The company’s USA region saw a three per cent decline in cement volumes to 1.489Mt in the final quarter of 2020, compared with 1.535Mt in the 4Q19. The construction sector maintained a positive trend, supported by the strong pe...

Cementos Argos reports 16% rise in EBITDA

26 February 2021, Published under Cement News

Colombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the year-ago period. Revenues in the October-December quarter reached COP2.32trn, down 1.1 per cent YoY from COP2.35 in the 4Q19. The company also saw a two per cent YoY increase in cement volumes during the last quarter of ...

Najran Cement announces net profits of SAR204m in 2020

Najran Cement announces net profits of SAR204m in 2020

25 February 2021, Published under Cement News

Najran Cement announced its annual financial results on the Saudi Stock Exchange with a 281.8 per cent increase in its net profit to SAR204.3m (US$54m) in 2020, compared to SAR53.52m in 2019.   The company attributed the increase to increased sales quantity, lower cost of sales per tonne and lower financing expenses.   Najran Cement's sales increased to SAR623.2m in 2020, compared to SA...

Holcim Philippines appoints new CEO

25 February 2021, Published under Cement News

Holcim Philippines has appointed Horia Ciprian Adrian as its president and CEO, following the departure of John Stull who has led the company for three years. The appointment will be effective from 1 March. "It is an honour to be appointed as the new President and CEO of Holcim Philippines. The business in the Philippines is a significant contributor to the LafargeHolcim Group and it is trul...

Summit Materials announces 13% increase in revenue

26 February 2021, Published under Cement News

USA-based Summit Materials has reported a 13 per cent YoY increase in net revenue for the final quarter of 2020 to US$571.9m, compared to US$506.3m in the 4Q19. Net income remained fairly consistent YoY at US$35.2m from US$35.7m. Adjusted EBITDA increased 7.8 per cent YoY in the 4Q20 to US$130.6m against US$121.1m in the year-ago period. Sales volumes increased 24.7 per cent YoY in aggregate...

Hanil Cement reports 3% rise in revenue

24 February 2021, Published under Cement News

South Korea’s Hanil Cement has seen a three per cent rise in revenue to KRW974.29bn in 2020, compared to KRW946.19bn in the previous year. Operating profit surged to KRW132.8bn from KRW58.95bn. Net profit also advanced 169.1 per cent YoY to KRW108.97bn from KRW40.5bn in 2019.

Ssangyong Cement set to change company name

24 February 2021, Published under Cement News

South Korea’s Ssangyong Cement will change its company name to SsangYong C&E. The new name, which takes the first letters of cement and environment, reflects the company’s desire to promote environment-friendly values, according to the company. The change will be finalised at a regular shareholders meeting on 25 March. "For the past 60 years, we have led Korea’s cement industry and contribu...

Cemex Philippines resets opening date for Antipolo plant

24 February 2021, Published under Cement News

Cemex Philippines is postponing the opening of its new integrated cement plant in Antipolo City to January 2022. The original target date for completion of the project was   December 2020. The US$265m kiln line will have a cement capacity of 1.5Mta. "Accordingly, the four-year income tax holiday period applicable to this project shall be reckoned from January 2022 or the actual start o...

Separation Technologies starts new fly ash reclamation process

24 February 2021, Published under Cement News

Separation Technologies (Titan Cement group) has commissioned the world's first industrial-scale fly ash drying and electrostatic separation plant to reclaim fly ash from nearby coal ash basins.   Located at Talen Energy's Brunner Island Steam Electric Station, the pilot facility combines Separation Technologies’ new proprietary drying and screening system and electrostatic separation f...

HeidelbergCement records cement sales of 122Mt in FY20

23 February 2021, Published under Cement News

HeidelbergCement’s preliminary, unaudited figures for the full year 2020 saw the result from current operations before depreciation and amortisation rising by six per cent LfL to a record EUR3.7bn while implementation of the company's COPE action plan led to cash savings of around EUR1.3bn. Despite the decline in sales volumes, group revenue for 2020 decreased by 6.6 per cent to EUR17.6bn (...

Dewan Cement sees 77% fall in turnover

23 February 2021, Published under Cement News

Pakistan’s Dewan Cement Ltd has seen a 76.5 per cent YoY decline in net turnover to PKR948.17m (US$5.97m) for the first half of the FY20-21, compared with PKR4.04bn in the year-ago period. The company’s net loss has also expanded to PKR382.71m from PKR172.75m. In the 2QFY20-21, net turnover fell 58.5 per cent YoY to PKR931.64m while its net loss reached PKR266.59m in the quarter.

Cemex completes hydrogen technology fuel mix in Europe

23 February 2021, Published under Cement News

Cemex has successfully introduced hydrogen technology as part of the fuel mix in its European cement plants. With an estimated US$40m investment programme, Cemex is also looking to extend the technology to the rest of its global operations, including Mexico, USA, South and Central America, the Caribbean, Africa and Asia. The hydrogen technology will emit zero CO 2 from combustion a...