Cement News tagged under: Weekly Newsletter
Breedon reports uptick in revenue in 1H2424 July 2024, Published under Cement NewsBreedon Group has announced underlying revenue of GBP764.6m (US$985.9m) in the first half of 2024, up three per cent from GBP742.7m in the same period a year earlier. According to the company, this has been supported by its entry into the US. Underlying EBITDA over the same time frame has advanced five per cent to GBP118.1m, while the EBITDA margin has risen slightly from 15.1 per cent in the 1H23 to 15.4 per cent in the same period a year later. Underlying profit before tax has declined s... |
Saurashtra Cement publishes increase in revenue24 July 2024, Published under Cement NewsSaurashtra Cement Ltd has reported consolidated revenue from operations of INR17.65bn (US$210m) in FY23-24 (ended 31 March 2024), up from INR16.45bn (seven per cent YoY). EBITDA for the year was INR1.2bn, compared to INR572m in FY22-23, reflecting a 77.1 per cent YoY increase. Net profit for the year before tax came in at INR565m, marking an 88 per cent YoY increase. Blended cement sales growth was higher than the overall sales growth and clinker production was up nine per cent than th... |
Aggregates Industries UK names new CEO24 July 2024, Published under Cement NewsHolcim has announced Lee Sleight as the new CEO of Aggregate Industries UK . He will take up his position on 1 August 2024. Mr Sleight joined the business in 2021 as managing director of the ready-mixed concrete division and in his time there transformed the business. Last year he moved to take up the role as managing director of the aggregates division. He has more than 20 years of experience in the construction industry holding various senior leadership positions. Outgoing CEO ... |
CIMERWA Plc acquires Prime Cement Ltd24 July 2024, Published under Cement NewsCement producer CIMERWA Plc has completed the purchase of Prime Cement Ltd. CIMERWA sent a notice to the Rwanda Stock Exchange (RSE) informing the regulator that it had finalised the acquisition on 18 July 2024. CIMERWA stated that the purchase of Prime Cement’s assets was an ‘off-market transaction’. This suggests the company negotiated a private deal with Prime Cement directly. A statement signed by CIMERWA’s Executive Director, Rajasekhar Naidu, announced, “Under this agreement, C... |
Cementos Pacasmayo reports stable net profit in 1H2423 July 2024, Published under Cement NewsPeru-based Cementos Pacasmayo SAA reported a 3.4 per cent uptick in income to PEN457.1m in the second quarter of 2024 from PEN442m in the 2Q23, supported by the sales mix as concrete and prefabricated sales increased due to the Piura airport project and the recovery of public investment. However, a contraction in the demand for bagged cement saw total sales volumes decrease by 5.8 per cent. Of total sales, cement represented a sales value of PEN369.6m in the 2Q24, down from PEN383.5m in th... |
Heidelberg Materials to receives US$5m in funding from EPA23 July 2024, Published under Cement NewsHeidelberg Materials North America is set to receive US$5m in funding from the US Environmental Protection Agency (EPA) for the development of a cloud-based tool that produces environmental product declarations (EPDs) for building materials. An EPD is a standardised declaration of a product’s lifecycle assessment that shows its impact on the environment. EPDs are vital for transparency on the carbon footprint of a product. The project aims to develop a tool that substantially enhan... |
UltraTech sees sales increase in 1QFY24-2522 July 2024, Published under Cement NewsUltraTech Cement Ltd , part of Aditya Birla Group, has reported consolidated net sales of INR178,790m (US$2.14bn) in the first quarter of FY24-25 (ended 30 June 2024). This compares to INR175,190m in the same period a year earlier. Profit before interest, depreciation and tax fell from INR32,230m 1QFY24-25 to INR32,050m in the same period a year later, while profit after tax advanced slightly from INR16,880m to INR16,970m. According to the company, the quarter under review saw a six per... |
US cement sales rose in April19 July 2024, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico amounted to 9.232Mt in April, up 5.9 per cent YoY from the 8.719Mt recorded in April 2023. Excluding for imports and sales to Puerto Rico, cement consumption in the US rose 5.9 per cent YoY to 9.11Mt, up from 8.6Mt a year earlier. The key district for shipments was the Mountain and Pacific region accounting for 1.629Mt, up 2.3 per cent YoY. Masonry cement shipments amounted to 202,211t, up 5.4 per ... |
Iran cement growing robustly despite a plethora of concerns18 July 2024, Published under Cement NewsIranian cement sales slipped in June versus the previous month to come in at 5.353Mt, down from 5.568Mt in May but were up a notable 24 per cent YoY from 4.78Mt in June 2023, according to the Iranian cement association. Producers manufactured 6.123Mt of cement and 6.76Mt of clinker, decreases of 3.4 per cent YoY and one per cent YoY, respectively, when compared with June 2023. A total of 1.013Mt of cement and clinker were exported in June, a decrease of 11.1 per cent YoY, with cement exp... |
Heidelberg Materials expands US offering18 July 2024, Published under Cement NewsHeidelberg Materials has entered into a definitive purchase agreement to acquire Highway Materials Inc, one of the largest independent aggregates and asphalt producers in the Greater Philadelphia market. Included with this acquisition are four crushed stone quarries, nine hot-mix asphalt plants, two clean fill operations, a concrete recycling facility, a construction services business, and more than 350 employees. Earlier this month, Heidelberg Materials also successfully acquired two c... |