Cement News tagged under: corporate
Leilac-2 moved to Ennigerloh plant05 March 2024, Published under Cement NewsCalix has confirmed that the Leilac-2 carbon capture project, which was to be installed at Heidelberg Materials’ Hanover plant in Germany, will now be constructed at the cement producer’s Ennigerloh plant, also in Germany. The decision to move the project was the result of Heidelberg Materials opting to end clinker production at the Hanover facility. The Leilac-2 project aims to demonstrate a replicable module that can efficiently capture up to 100,000tpa of unavoidable process CO ... |
Northern Region Cement sells share in Al-Kubaisa plant05 March 2024, Published under Cement NewsNorthern Region Cement Co has announced the sale of its 50 per cent stake in Cement Experts Co for Development and Investment to UAE-based AMP Global Trading. According to The People’s Network, the deal, which has been valued at US$55m, involves the Al-Kubaisa cement plant in Iraq, in which Cement Exports hold a 51 per cent share. With Northern Region Cement relinquishing its 50 per cent share in Cement Experts, the transaction gives AMP a significant indirect interest in the Iraqi pl... |
Holcim Block launched in Bangladesh05 March 2024, Published under Cement NewsLafargeHolcim Bangladesh Ltd (LHBL) has launched its ‘Holcim Block’ to grab a share of Bangladesh's US$3bn domestic brick market. Around 150 manufacturers are making concrete blocks in different parts of the country. In a media statement, chief corporate affairs officer of LHBL, Asif Bhuiyan, said: “Concrete blocks are more environmentally friendly and durable than conventional bricks. Due to low carbon emissions during production, demand for these blocks is increasing worldwide.” Di... |
LafargeHolcim Maroc posts 3% pick-up in revenue05 March 2024, Published under Cement NewsLafargeHolcim Maroc reported a revenue of MAD8212m (US$816.2m) in 2023, up 2.8 per cent YoY from MAD7975m in 2022. The advance is attributed to higher cement sales and increased clinker exports. In the 4Q23 alone, revenue was up 2.3 per cent YoY due to higher cement sales in the domestic market. LafargeHolcim Maroc decreased its net debt by 11.3 per cent to MAD4864m at the end of 2023 from MAD5486m at the end of 2022. |
Gharibwal Cement achieves a gross profit of PKR1.499bn in 1HFY23-2405 March 2024, Published under Cement NewsGharibwal Cement Ltd (GWLC) of Pakistan announced its half-year financial results ending 31 December 2023, on 26 February 2024. The company saw a decrease in its profit to PKR685m (US$2.45m) in 1HFY23-24 from PKR1.12bn earned in the same period last year. This translated to a fall of 39.2 per cent in profit YoY. The major factor responsible for this fall was the increased cost of sales and other factors. According to the company's latest report, it experienced a 1.9 per cent decline in ne... |
FLSmidth Cement closes MAAG gears sale05 March 2024, Published under Cement NewsWith reference to the announcement made on 22 January 2024, FLSmidth Cement has now closed the sale of its MAAG gears and drives business to the Swedish investment company, Solix Group AB. The transaction does not change FLSmidth’s previously-announced financial guidance for the full year 2023. |
Dangote boosts revenue by 36% in 202304 March 2024, Published under Cement NewsDangote Cement has reported revenue of NGN2.208trn (US$1.365bn) in 2023, up 36.4 per cent from the NGN1.618trn posted in the previous year. Operating profit over the same period advanced from NGN585.88bn to NGN734.27bn, marking an increase of 25.3 per cent. Gross profit saw a 25.8 per cent advance YoY to NGN1.202trn, while profit after tax improved by 19.2 per cent from NGN382.31bn in 2022 to NGN455.58bn a year later. Earnings per share saw growth of 18.9 per cent over the same timefram... |
Saint-Gobain posts 6% decline in sales in 202304 March 2024, Published under Cement NewsSaint-Gobain has reported sales of EUR47,944m in 2023, down 6.4 per cent from EUR51,197m in the previous year. EBITDA over the same period declined 1.7 per cent from EUR7123m to EUR7001m, while consolidated net debt fell 10.2 per cent from EUR8232m to EUR7393m. Recurring earnings per share were down 1.4 per cent from EUR6.48 in 2022 to EUR6.39 in 2023. Operating income fell 1.6 per cent YoY, coming in at EUR5251m in 2023, with an operating margin of 11 per cent, marking a new record high, ... |
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," ... |
Kohat Cement Factory expands capacity and progresses Punjab plant04 March 2024, Published under Cement NewsKohat Cement Factory has updated the Pakistan Stock Exchange Ltd (PSX) about an increase in cement production capacity at Kohat in Khyber Pakhtunkhwa. After the optimisation of the pyroprocessing section of the existing 6700tpd grey cement production line, the clinker production capacity of the company increased from 6700tpd to 7064tpd. Moreover, the company’s net profit after tax jumped by 19 per cent to PKR4.45bn (US$15.93m) in the 1HFY23-24. However, local dispatches fell by 8.1 per ... |