Cement News tagged under: corporate
PT Solusi Bangun Indonesia reports uptick in YoY sales14 March 2024, Published under Cement NewsPT Solusi Bangun Indonesia Tbk has posted net sales of IDR12,371bn (US$798m) in 2023, marginally up from the IDR12,262bn seen in the previous year. Net income in 2023 came in at IDR894,645m, also marking an advance YoY compared to IDR839,276m in 2022. Basic earnings per share from continuing operations over the same timeframe improved from IDR93 in 2022 to IDR99 in 2023. |
Shree Cement enters RMC sector14 March 2024, Published under Cement NewsShree Cement has acquired five ready-mixed concrete (RMC) plants from StarCrete LLP. The plants, which have an aggregate capacity of 422m 3 /h, are all located in Mumbai, reports The Times of India. Commenting on the deal, Neeraj Akhoury, managing director of Shree Cement, said, “The strategic foray into RMC segment is a step ahead in our vision to become a multi-product company centred around core cement business. The RMC segment is expected to clock healthy growth since there has bee... |
Hsing Ta Cement reports a 72% growth in net profit in 202314 March 2024, Published under Cement NewsHsing Ta Cement Co Ltd has reported a 71.8 per cent increase in net profit, from TWD399.2m (US$12.7m) in 2022 to TWD685.9m in 2023. The net profit growth comes after a 1.6 per cent reduction in revenues from TWD6.4bn to TWD6.3bn, over the same period. Basic earnings per share for 2023 came to TWD2.01, up 71.8 per cent from TWD1.17 in 2022. Diluted earnings per share increased 72.4 per cent, from TWD1.16 in 2022 to TWD2.00 in 2023. |
Hsing Ta Cement reports a 72% growth in net profit in 202314 March 2024, Published under Cement NewsHsing Ta Cement Co Ltd has reported a 71.8 per cent increase in net profit, from TWD399.2m (US$12.7m) in 2022 to TWD685.9m in 2023. The net profit growth comes after a 1.6 per cent reduction in revenues from TWD6.4bn to TWD6.3bn, over the same period. Basic earnings per share for 2023 came to TWD2.01, up 71.8 per cent from TWD1.17 in 2022. Diluted earnings per share increased 72.4 per cent, from TWD1.16 in 2022 to TWD2.00 in 2023. |
Furno Brick's 'mini kiln' enables compact, scalable cement production14 March 2024, Published under Cement NewsUS-based Furno, a start-up aiming to mitigate climate change through its novel combustion technology, has launched its end-to-end cement production unit, the Furno Brick. According to the company, the Furno Brick is the world’s first modular and carbon-neutral cement plant that scales in demand, dramatically reducing the barrier to entry and unlocking local or small-scale cement production. Furno’s novel kiln and combustion technology allows for efficient cement production using gas-base... |
Flying Cement Co posts a profit rise of 23% during 1HFY23-2413 March 2024, Published under Cement NewsFlying Cement Co Ltd has released detailed interim financial statements for the 1HFY23-24, which ended 31 December 2023. The company earned a net profit after tax of PKR170.95m (US$0.612m) when compared with PKR138.85m in the 1HFY22-23, up by 23.1 per cent YoY due to increased sales (PKR2.36bn) during this period. Yet, it incurred a higher borrowing cost of PKR112m and taxation of PKR74.38m in the accounting period. Outlook Ongoing challenges remain higher energy costs, transportati... |
Ramco Cements opens new cargo terminal13 March 2024, Published under Cement NewsRamco Cements has inaugurated its new Gati Shakti Cargo Terminal at Jayanthipuram in Andhra Pradesh, India. The terminal will enable Ramco to transport crushed limestone from its mines in Budawada to its cement plant in Jayanthipuram. It also marks the first time an Indian cement producer has used electric locomotives to transport its limestone to its plant. The railway wagons loaded with crushed limestone from the Budawada mines will travel a distance of 8.3km to the Jayanthipuram pla... |
Holcim North America introduces ECOAsh beneficiated ash13 March 2024, Published under Cement NewsHolcim North America has announced the introduction of ECOAsh beneficiated ash within its Lafarge Western Canada operations. According to Holcim, with plans for future expansion into the US, this strategic move not only demonstrates Holcim North America's dedication to sustainability but also positions the company as an early adopter of innovative technology aimed at decarbonising the construction industry ECOAsh embodies a circular and innovative solution, representing a significant l... |
Unacem reports 7% revenue increase in 202313 March 2024, Published under Cement NewsPeru-based cement producer Unacem has reported revenue of PEN6.38bn (US$1.73bn) in 2023, marking a 6.6 per cent increase YoY, despite the country’s declining construction sector. Net profit over the same period contracted by 22.1 per cent to PEN514m, while the EBITDA margin fell from 26.3 per cent in 2022 to 23.4 per cent the following year, according to BNAmericas. In the fourth quarter of 2023, the company's global revenue came in at PEN1.66bn, up from PEN1.6bn in the same period a y... |
Chia Hsin Cement Corp sees sales advance YoY13 March 2024, Published under Cement NewsTaiwan-based Chia Hsin Cement Corp has reported sales of TWD2911.6m (US$92.7m) for the full year 2023, marking an increase from TWD2253.7m in the previous year. Net income in 2023 came in at TWD81.1m, compared to a net loss of TWD180.8m in the year-ago period. Basic earnings per share from continuing operations stood at TWD0.12 in 2023m, up from a basic loss per share of TWD0.27 in 2022. |