Sumitomo Osaka Cement reports 40% increase in profit
Japan’s Sumitomo Osaka Cement has reported a 40 per cent YoY rise in net profit to JPY10.92bn (US$101.63m) for the fiscal year ending 31 March 2020, compared with JPY7.8bn in t...
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Petcoke market sees prices slump
Hit by the coronavirus, petcoke prices fell as the Mediterranean market contracted. Demand declined as the cement and construction sectors reduced their output amid lockdown re...
JK Lakshmi Cement sees 151% increase in net profit
India’s JK Lakshmi Cement has reported a 150.5 per cent YoY increase in net profit to INR986.3m (US$13.04m) in the final quarter of FY19-20, against INR393.8m in the correspond...
Ciments du Maroc sees turnover down 10% in 1Q20
Ciments du Maroc (HeidelbergCement) reported a 9.9 per cent YoY drop in cement sales volumes in the first quarter of 2020 as the coronavirus pandemic affected the market. The ...
Cemex announces organisational changes
Cemex has made several immediate appointment changes and changes at senior positions in the company. Jose Antonio Gonzalez, Cemex's current executive vice president of finance...
UltraTech Cement Ltd records net sales of INR105.8bn in 4QFY19-20
UltraTech Cement Ltd (Aditya Birla Group) announced its financial results for the 4Q and full year ended 31 March 2020. 4QFY19-20 Consolidated net sales reached INR105.8bn ...
Cement consumption in Spain hits record low in April
Spain saw cement consumption down 50 per cent YoY in April 2020 to less than 0.6Mt, according to the country’s cement association, Oficemen. The decline in demand has been attr...
LafargeHolcim strengthens partnership with Solidia Technologies
LafargeHolcim has strengthened its partnership with Solidia Technologies to reduce CO 2 across its value chain. With this announcement the collaboration with the US-based ceme...
BUA Cement reports 48% rise in revenue in 2019
Nigeria’s BUA Cement has reported a 47.5 per cent rise in revenue to NGN175.52bn (US$452.35m) for 2019, compared to NGN119.01bn in the previous year. EBITDA also surged 47.2 pe...
WCA shares Sinoma Research Institute innovations in energy efficiency webinar
The World Cement Association (WCA) held its 'Energy efficiency and New Technologies' webinar yesterday with guest speakers from Sinoma Research Institute (SRI), CNBM group. ...
Lafarge Africa sees net profit rise 157% in 1Q20
Lafarge Africa has reported a 9.8 per cent increase in net sales to NGN63.97bn (US$178.93m) in its unaudited results for the first quarter of 2020, compared to NGN58.02bn in th...
Huaxin Cement acquires ARM Cement's Tanzanian unit
The Tanzanian unit of Kenya's ARM Cement has been sold to China's Huaxin Cement, according to its administrator PricewaterhouseCoopers. Huaxin is expected to invest US$116m ...
Taiheiyo Cement reports 4% fall in net sales for FY19-20
Japan’s Taiheiyo Cement has seen a 3.5 per cent YoY fall in net sales to JPY884.35bn (US$8.21bn) in the FY19-20 ending 31 March 2020, compared to JPY916.07bn in the previous ye...
Swiss cement deliveries stable in 1Q20
Cement deliveries in Switzerland including Liechtenstein remained largely stable in the 1Q20 at 872,104t, just slightly down from 874,275t reported in 1Q19, according to Cemsui...
LafargeHolcim's CEO targets low-carbon and sustainable recovery
LafargeHolcim's CEO, Jan Jenisch, has updated customers on the company's low-carbon cement initiatives and preparing for the gradual pick-up in business as the world tries to r...
Taiwan Cement expects stronger 2H20
Taiwan Cement Corp gave a positive outlook for its core businesses this quarter as the cement market appears to have emerged from the shadows of the COVID-19 pandemic in China....
Indian prices expected to rise as demand falls
Indian cement prices are expected to rise by INR15-20/bag (US$0.19-0.26) due to supply constraints, despite dealers across the country expecting demand to fall by 30 per cent o...
Peruvian cement consumption plummets in April
Peru’s cement market sharply contracted to 5700t in April 2020, down from 883,000t in April 2019 and from 488,000t in March 2020, according to Asocem, the country’s cement asso...
Saurashtra Cement 1Q20 net profit rises to INR66.2m
Saurashtra Cement reported a net profit of INR66.2m (US$0.87m) in the quarter ended March 2020 as against a net loss of INR55m in the year-ago quarter ended March 2019. Sales r...
Abay Cement plant now 60% complete
The construction of Abay Cement Factory in Amhara, Ethiopia, is now 60 per cent complete and will commence operations next year, according to Samuel Halala, director of the Eth...
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