Cement News tagged: Corporate

Kuwait Portland Cement sees 12% profit rise in 2018

12 April 2019, Published under Cement News

Kuwait Portland Cement Co recorded a net profit of KWD2.49m (US$8.2m) in the 4Q18. This represents a 150 per cent YoY advance when compared with KWD997,000 (US$3.2m) in the same period of 2017. In 2018, the company achieved a 12 per cent rise in earnings to KWD10.3m from KWD9.19m in 2017, according to a bourse filing. Operating income expanded by 4.3 per cent YoY to KWD8.87m from KWD8.5m in ...

Cemex Ventures invests in real-time delivery company

12 April 2019, Published under Cement News

Cemex Ventures  has invested in LINKX, a software company that specialises in goods delivery optimisation. LINKX will help Cemex achieve control of deliveries in real time, allowing data-based decision-making and communication between shipper, carrier and receiver. "This investment is a clear example of our offer," said Gonzalo Galinodo, CEO of Cemex Ventures." LINKX came to us at a very earl...

Attock Cement profit shrinks by 25% in 9MFY19

12 April 2019, Published under Cement News

Attock Cement Pakistan Lt (ACPL) has announced its financial result for nine months period ended 31 March 2019 by declaring a net profit of PKR1.376bn (US$9.715m), down by 25 per cent YoY, as compared to PKR1.826bn in the same period last year. Net sales of the company during the 9MFY18-19  increased by 36 per cent to PKR16.15bn. Analysts attribute the rise in sales to stable growth in domes...

Saud Suliman Al Juhani new Tabuk Cement board chairman

12 April 2019, Published under Cement News

Saudi Arabia-based Tabuk Cement Co has appointed Saud Suliman Al Juhani as the new chairman of the board, effective 14 April 2019. He replaces Dr Saeed Obaid who stepped down from the post due to other business commitments, said the company in a filing to the Saudi bourse, Tadawul. The company board also appointed Khalid Al Angari as the new vice chairman. The current board term ends on 25...

CCNN reports record net profit of NGN5.7bn in FY18

CCNN reports record net profit of NGN5.7bn in FY18

11 April 2019, Published under Cement News

Cement Company of Northern Nigeria (CCNN) has released its FY18 results, reporting a net profit of NGN5.7bn (US$15.75m) , 77 per cent higher than in 2017. The earnings report is the first since the merger with Kalambaina Cement. Revenue reached NGN31.7bn, up 62 per cent YoY. EBITDA rose by 86 per cent to NGN7.9bn. CNN produced 0.76Mt of cement and sold over 0.74Mt. Sales in Nigeria rose by 4...

HeidelbergCement plans to invest EUR25m in Togo

12 April 2019, Published under Cement News

HeidelbergCement intends to invest EUR25m (US$28.2m) in its Togolese subsidiaries Cimtogo, Scantogo and Granutogo, according to Eric Goulignac, the company’s managing director in the country. The investment programme, which will be submitted to the company's Germany-based board, includes the installation of a new grinding unit in Lomé and a solar photovoltaic plant to power its plants, repor...

Lucky Cement wins Corporate Excellence Award

Lucky Cement wins Corporate Excellence Award

11 April 2019, Published under Cement News

Lucky Cement Ltd has won the Management Association of Pakistan's (MAP) Corporate Excellence Award in the cement sector category. Syed Noman Hasan, executive director of Lucky Cement Ltd, received the award at the 34th MAP Annual Corporate Excellence Award Ceremony held in Karachi on 9 April 2019. The Corporate Excellence Awards was instituted by MAP in 1982 with the sole aim to recognise an...

Steppe Cement records strong sales in 1Q19

11 April 2019, Published under Cement News

Steppe Cement reports that in the 1Q19 the cement producer sold 266,393t of cement for KZT4455m (US$11.76m), compared to 197,179t of cement for KZT2313m in the 1Q18, an increase of 35 and 93 per cent, respectively. Steppe Cement reports that higher transport tariffs and rental expenses have been offset by savings due to better utilisation of the wagon fleet and increased sales in markets ...

New Director General at Arodo

11 April 2019, Published under Cement News

After five years at the helm, Marianne Fiers is handing over the reins of Arodo to the new General Director, Joost Van Aaken. Marianne will be taking early retirement on 19 April 2019. Looking to the future, Joost Van Aaken said: “I want to give our people space to work on innovative solutions”, he continues. “Then we can together be proud of each Arodo machine and each customer. Creating add...

Taiwanese cement companies report positive results in 1Q19

12 April 2019, Published under Cement News

Taiwan Cement Corp reported improved revenues for March 2019 at TWD10.877bn (US$352.62m), up 11.6 per cent when compared with TWD9.75bn in March 2018, according to Dow Jones Newswires. Universal Cement Corp revenues remained largely stable in March 2019 at TWD437.14m, when compared with TWD437.497m in the same period the previous year. Revenues for Lucky Cement Co slipped 0.6 per cent to TW...

6th LafargeHolcim Forum is held in Cairo

10 April 2019, Published under Cement News

LafargeHolcim and the American University of Cairo held the 6th LafargeHolcim Forum on 'Rematerializing Construction' in Cairo, Egypt, on 9 April. The forum drew more than 350 leading minds from architecture, engineering, planning and the construction industry and a total of 1200 attendees. Khaled Abbas, Deputy Minister of Housing (Egypt) and Roland Köhler, Chairman of the LafargeHolcim Fou...

Work on Dangote’s Côte d’Ivoire plant advances

10 April 2019, Published under Cement News

Dangote Cement has announced the construction of its 3Mta cement works just outside Abidjan, Côte d’Ivoire is now at an advanced stage. The project has been implemented for around 70 per cent with more than 80 per cent of equipment supplied and 80 per cent in terms of construction and civil engineering, according to Camara Guy Adama, project leader. The new plant and related logistical sup...

ARM Cement expected to sell shares in Mafikeng Cement

12 April 2019, Published under Cement News

ARM Cement is expected to sell its 70 per cent stake in South African subsidiary Mafikeng Cement (Pty) Ltd. PriceWaterhouseCoopers, which is administering ARM Cement, has started preparations to dispose of the stake in Mafikeng Cement for KES300m (US$2.974m). The Mafikeng plant was to be established with a cement capacity of 1Mta and ARM Cement invested KES75m in the company to buy a controll...

HeidelbergCement makes further progress with portfolio optimisation

17 April 2019, Published under Cement News

HeidelbergCement’s subsidiary Italcementi has signed contracts with Buzzi Unicem and Colacem regarding the disposals of cement plants in the northern and central region of Italy. The involved parties agreed not to disclose details of the transactions for the time being.  “These divestments are part of our action plan to accelerate our portfolio optimisation,” said Dr Scheifele, chairman of ...

Sika sees successful start to the year

09 April 2019, Published under Cement News

Sika has reported a successful start to 2019 business year, reporting a new sales record of CHF1644.8m (EUR1462m) in the first quarter. This equates to an increase of 7.1 per cent  in local currencies. A negative currency effect (-1.3 per cent ) led to robust sales growth in Swiss francs of 5.8 per cent . Paul Schuler, Chief Executive Officer: “In a commercially challenging environment...

Indocement anticipates conservative sales growth

09 April 2019, Published under Cement News

Indocement Tunggal Prakarsa is targeting a conservative sales growth of four per cent this year to IDR15.8trn (US$1.1bn) on the back of a slowdown in domestic cement consumption, president director Christian Kartawijaya has said. Mr Kartawijaya predicts demand for cement to pick up in the second half of 2019, after the country's presidential election to be held this month, he told the Jakarta...