Cement News tagged under: cement sales
Power Cement debuts export to the USA03 April 2024, Published under Cement NewsPower Cement Ltd has dispatched its first shipment to the USA. This shipment follows the start of exports to the Europe. On 27 December 2023, Power Cement marked a significant milestone as it successfully entered the European market by exporting its cement to the UK, marking the company's commitment to global expansion. It positions the company as a formidable force in the international construction materials arena, notably as the first Pakistani cement exporter to enter the UK market. ... |
LafargeHolcim Bangladesh's profit jumped 34% in 202304 March 2024, Published under Cement NewsLafargeHolcim Bangladesh has reported that its sales grew 20 per cent YoY to BDT28.39bn (US$258.6m), and profit jumped 34 per cent to BDT5.94bn in 2023, compared to the previous year, it said in a media statement on 29 February. The company sales were BDT23.59bn, and the profit was BDT4.45bn in 2022. "The performance demonstrates the strength of our diverse product portfolio and strategic presence driven by innovative products, high-value solutions, digital footprint, and new channels," ... |
Better capacity utilisation improves financial result of 1QFY23-2418 October 2023, Published under Cement NewsPakistani cement producers listed in the Pakistan Stock Exchange (PSX) have yet to post their financial results for the first quarter of FY23-24 (July-September 2023). Yet, Topline Pakistan Research believes that their profitability will increase by 40 per cent YoY in the 1QFY23-24 due to increased cement dispatches and improved gross margins during this first financial quarter. Net sales are anticipated to grow by 28 per cent YoY to PKR89bn (US$322.27m) in the 1QFY23-24 primarily due to ... |
Pioneer Cement's profit rises by 149% in FY2304 October 2023, Published under Cement NewsPioneer Cement Ltd (PIOC) posted a profit after tax of PKR2.61bn (US$9.07m) in FY23 versus PKR1.05bn in the previous financial year, the company said in a statement to the Pakistan Stock Exchange on 28 September. This significant advance of 149 per cent YoY is mainly due to increased sales, which rose by 13 per cent to PKR36.16bn from PKR31.87bn in FY22. The cost of sales increased to PKR26.75bn from PKR24.67bn over the same period. The company incurred higher distribution costs of... |
Cement dispatches are likely to rebound in August 202324 August 2023, Published under Cement NewsWhile Pakistani cement dispatch data for August 2023 is yet to be released by All Pakistan Cement Manufacturers (APCMA), Topline Securities has forecast that local cement dispatches will increase by 19-23 per cent YoY in August 2023 due to low base effect in the corresponding period. An analyst said today that total cement sales during August 2023 are anticipated to increase by 23-27 per cent YoY and 26-29 per cent MoM. Local dispatches will likely rise by 19-23 per cent YoY and 25-29... |
Saudi cement sales rise 5% in November08 December 2022, Published under Cement NewsThe aggregate sales of 17 Saudi cement producers rose one per cent YoY to 4.8Mt in November 2022, according to Yamama Cement Co ’s data. Locally, nine market players reported sales growth, led by United Cement Co with 110 per cent YoY, followed by Northern Region Cement Co with 54 per cent YoY. Eight cement producers reported lower sales, including Umm Al-Qura Cement Co with a fall of 46 per cent YoY. Al Jouf Cement Co had the next largest drop in sales at 22 per cent YoY. Seven... |
Cementir's 1H22 boosted by Danish results29 July 2022, Published under Cement NewsCementir' s sales in the 1H22 were led by Denmark, where sales revenue in the 1H22 reached EUR233.3m, up 14 per cent from EUR204.5m in the 1H21, due to sustained demand in all business segments, particularly in cement, and higher sales prices. Cement volumes in Denmark, both grey and white, increased by about 14.5 per cent YoY in the 1H22 due to growth in all major market segments, favourable weather conditions and the start of new infrastructure projects. Exports of white cement ... |
Ethiopia prohibits cement plants employing agents to sell cement12 May 2022, Published under Cement NewsThe Ministry of Industry in Ethiopia has directed cement factories to exclude agents from the market network ,and sell the product directly, according to Addis Standard. In a letter dispatched to 10 cement factories, the ministry asked the factories to indicate in a letter the names and number of agents they had excluded. State Trade Minister, Hassen Mohammed, told the news outlet that the ministry is working to shorten the commercial chain, adding that agents were one of the reasons ... |
Saudi Arabian cement sales fall in February08 March 2022, Published under Cement NewsThe aggregate sales of 17 Saudi Arabian cement producers fell 14 per cent to 4.3Mt in February, from 5Mt in the same month last year, according to recent data issued by Yamama Cement Co . Locally, 14 market players reported lower sales: Northern Region Cement C o with a 63 per cent YoY drop, followed by Arabian Cement Co, down 34 per cent YoY, and Al-Jouf Cement Co, down 30 per cent YoY. However, three companies recorded higher sales, led by Yamama Cement Co with a 75 per cent YoY... |
Saudi cement sales fall 6% to 4.9Mt in January08 February 2022, Published under Cement NewsThe total sales of 17 Saudi cement producers fell per cent to 4.9Mt in January, compared to 5.2Mt in the same month last year, according to recent data issued by Yamama Cement Co . Locally, 13 market players reported lower sales, led by Northern Region Cement C o with a 60 per cent YoY decline. It was followed by United Cement Industrial Co (down 35 per cent YoY), and Al-Jouf Cement Co , down 24 per cent YoY. On the other hand, four companies recorded higher sales, headed by Y... |