City Cement announces 16% increase in net profit
Saudi Arabia’s City Cement has seen a 16 per cent YoY increase in net profit to SAR220.5m (US$58.8m) in 2020, compared with SAR190.1m a year earlier. The company’s revenue also...
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Raysut Cement reports 8% rise in total revenue
Oman's Raysut Cement Group has reported an OMR14.06m (US$36.57m) net loss for the full-year 2020 period, against an OMR2.26m profit in the previous year. The results were attr...
Birla Corp appoints new CEO
The board of India’s Birla Corp has approved the appointment of Arvind Pathak as its new CEO and managing director for a period of three years, effective from 31 March 2021. Th...
Cementos Molins records net profits of EUR93m in 2020
Cementos Molins announced the group's net profit rose by four per cent YoY to EUR93m in 2020. In comparable terms of exchange rates and adjustment for hyperinflation of Argent...
Vietnam sees production up 14% in first two months
Vietnam produced 15.5Mt of cement in the first two months of 2020, up 14 per cent YoY, according to the country’s General Statistics Office (GSO). In February the country’s cem...
YTL Corp Bhd's net profit rises to MYR16m
YTL Corp Bhd’s net profit jumped to MYR16.09m (US$3.9m) in the 2QFY21, ended 31 Dec 2020, from MYR1.29m in the preceding quarter, thanks to a strong showing by its multi-utili...
LafargeHolcim accelerated its sustainability in 2020
LafargeHolcim accelerated its climate action this year with the launch of its net-zero pledge, as a signatory of the 'Business Ambition for 1.5°C'. The company set the most am...
Eurocement begins auction for 84.2% stake in plant
Russia's Eurocement has begun an open auction to sell an 84.19 per cent stake in its Akhangarancement plant in Tashkent, Uzbekistan. The company is expected to sell 4,141,108...
Arabian Cement reports net loss in 2020
Egypt’s Arabian Cement Co has reported an EGP122.78m (US$7.8m) net loss during 2020, compared with an EGP28.92m profit in the previous year. Sales revenues declined 20 per cent...
LafargeHolcim 4Q20 regional results see net sales of CHF5994m
Group net sales for the 4Q20 totalled CHF5994m (US$6628m), down 8.1 per cent from CHF6521m in the 4Q19. In the 4Q20 LafargeHolcim recorded cement sales of 51.2Mt, slipping ...
HeidelbergCement resets for the future
HeidelbergCement released its preliminary figures for the full-year 2020 during the week , seeing an impressive operational performance deliver strong financial results, in sp...
LafargeHolcim FY20 net sales dip to CHF23,142m
LafargeHolcim announced FY20 net sales of CHF23,142m (US$25,588m), down 5.6 per cent on a like-for-like basis (LfL) compared to the prior year and down 13.4 per cent on a repo...
EAPCC sees revenue down 6%
Kenya’s East African Portland Cement (EAPCC) has posted a KES1.035bn (US$9.425m) net loss for the half-year ended on 31 December 2020. The loss was still a 34 per cent improvem...
Cementos Argos' 4Q20 regional results
Following yesterday’s financial results , Colombia’s Cementos Argos has also reported its regional breakdown for the final quarter and full year of 2020. USA region The com...
LafargeHolcim Poland orders Gebr Pfeiffer VRM
LafargeHolcim Poland has ordered a vertical roller mill for cement raw material grinding from Gebr Pfeiffer for its Malogoszcz plant, approximately 200km south of Warsaw. Th...
EU calls for greater use of secondary raw materials
The EU Parliament’s own-initiative report adopted this month calls for an upgrading of secondary raw materials. Among other things, it provides for stronger environment-orient...
Cement imports into Mexico from Turkey and China surge in 11M20
Imports of cement into Mexico from Turkey and China increased by 88 and 150 per cent, respectively, in the January-November 2020 period, reports Market Data México. Turkey impo...
IKN continues to build Märker Cement's new Kiln Line No 8
The construction of Märker Cement’s new kiln line is currently being carried out by IKN, which is supplying a 3000tpd kiln line at the cement producer's Harburg site in German...
Cementos Argos reports 16% rise in EBITDA
Colombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the ye...
Mexico's cement exports up 11% in 11M20
Mexico's exports of cement advanced 11 per cent YoY in the 11M20, according to Market Data México. Exports rose from US$168m in the 11M19 to US$186m in the 11M20. The main de...
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