Najran Cement announces net profits of SAR204m in 2020
Najran Cement announced its annual financial results on the Saudi Stock Exchange with a 281.8 per cent increase in its net profit to SAR204.3m (US$54m) in 2020, compared to SA...
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Police shut down counterfeit cement outlet in Odisha
The Commissionerate Police have closed down a counterfeit cement manufacturing unit in Jagatpur, Odisha, India. The unit was operating from a warehouse near Khaira bridge for ...
Holcim Philippines appoints new CEO
Holcim Philippines has appointed Horia Ciprian Adrian as its president and CEO, following the departure of John Stull who has led the company for three years. The appointment w...
Spanish demand down 19% in January
Cement consumption in Spain decreased by 19.2 per cent YoY to 842,861t in January 2021, according to the country’s cement association, Oficemen. Demand was impacted by the st...
Summit Materials announces 13% increase in revenue
USA-based Summit Materials has reported a 13 per cent YoY increase in net revenue for the final quarter of 2020 to US$571.9m, compared to US$506.3m in the 4Q19. Net income rema...
Hanil Cement reports 3% rise in revenue
South Korea’s Hanil Cement has seen a three per cent rise in revenue to KRW974.29bn in 2020, compared to KRW946.19bn in the previous year. Operating profit surged to KRW132.8...
Ssangyong Cement set to change company name
South Korea’s Ssangyong Cement will change its company name to SsangYong C&E. The new name, which takes the first letters of cement and environment, reflects the company’s desi...
Melón and Enel Generación sign renewable energy contract
Chile-based Cemento Mélon has signed a contract with Enel Generación for the supply of clean and renewable energy in four of Mélon’s operations: the La Calera, Ventanas and Pue...
Cemex Philippines resets opening date for Antipolo plant
Cemex Philippines is postponing the opening of its new integrated cement plant in Antipolo City to January 2022. The original target date for completion of the project was D...
Separation Technologies starts new fly ash reclamation process
Separation Technologies (Titan Cement group) has commissioned the world's first industrial-scale fly ash drying and electrostatic separation plant to reclaim fly ash from near...
HeidelbergCement records cement sales of 122Mt in FY20
HeidelbergCement’s preliminary, unaudited figures for the full year 2020 saw the result from current operations before depreciation and amortisation rising by six per cent Lf...
Dewan Cement sees 77% fall in turnover
Pakistan’s Dewan Cement Ltd has seen a 76.5 per cent YoY decline in net turnover to PKR948.17m (US$5.97m) for the first half of the FY20-21, compared with PKR4.04bn in the year...
Lafarge Mannersdorf orders new BEUMER conveying system
Lafarge Zementwerke GmbH in Mannersdorf, Austria, has awarded the contract for a conveying system for alternative fuels and materials to BEUMER Group. The Mannersdorf plant u...
Cemex completes hydrogen technology fuel mix in Europe
Cemex has successfully introduced hydrogen technology as part of the fuel mix in its European cement plants. With an estimated US$40m investment programme, Cemex is also lo...
Uruguayan market expands by 8% in 2020
Cement sales in Uruguay increased 34.6 per cent YoY to 251,000t in the fourth quarter of 2020, according to the country’s chamber of industry, CIU. Of this total, 89 per cent o...
Adbri sees 4% decline in revenue for 2020
Australia-based Adbri Ltd has announced a 4.1 per cent decrease in revenue to AUD1454.2m (US$1.15bn) in 2020, compared to AUD1517m in the previous year. The result has been att...
Cemex makes key EMEAA investments at the start of 2021
Cemex has started 2021 by investing for growth and its climate action strategy in Europe, Middle East and Africa (EMEAA). It has made seven bolt-on investments that are aligne...
Indian demand picks up as industry awaits improved prices
Cement demand in India is improving, but prices have not recovered as yet, according to Motilal Oswal Financial Services (MOFS). Demand has been robust in February, led by th...
Lebanon to allow cement imports by individuals
Lebanon’s outgoing Minister of Industry, Imad Hoballah, indicated that the country would allow individuals to import cement to lower the price of cement. Cement prices have ris...
DG Khan Cement sees 161% rise in profit
Pakistan’s DG Khan Cement recorded a 160.8 per cent surge in profit to PKR1.3bn (US$8.17m) for the quarter ending 31 December 2020, compared with PKR500.7m in the year-ago peri...
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