News
. Cementos Molins released its results for the first nine months of 2022, a period highlighted by an economic growth slowdown, high inflation costs, especially in Spain, and supply chain disruptions. Despite this challenging environment, Cementos Molins once again delivered a strong quarterly performance, and continues to move forward to exceed the targets defined in the strategic plan 2020-2023.
Region: Spain
Saudi-based cement producer Al Jouf Cement Co. suffered a 74 percent decline in profits during the first nine months of 2022, due to a downward trend in cement prices and sales.
Region: Saudi Arabia
Ambuja Cement, now a part of Adani Cement, reported a 68% drop in standalone net profit at ₹138 crore for the quarter ended 30 September, 2022 (Q3FY23) versus ₹441 crore during the same period last year. Shares of Ambuja were trading at ₹513.70 apiece on the NSE, marginally down at 0.77% in afternoon deals.
Region: India
29.08.2022 17:08Mira SA plans to build a cement clinker factory in Cameroon
Cement manufacturer Mira SA will soon launch the construction of an industrial complex in the North region of Cameroon. Reliable sources revealed that the CFA120 billion infrastructure will integrate a clinker production unit with an annual capacity of 700,000 tons.
Region: Africa
26.08.2022 16:58CRH: H1 2022 results
Group sales of $15.0 billion (H1 2021: $13.2 billion) were 14% ahead of the same period last year and 12% ahead on a like-for-like2 basis. EBITDA of $2.2 billion was 21% ahead of 2021 (H1 2021: $1.8 billion) reflecting a strong focus on commercial and operational initiatives which more than offset the impact of cost inflation. On a like-for-like basis EBITDA was 13% ahead and margins were maintained or expanded across all Divisions.
Region: Ireland
22.08.2022 17:33World Cement Association’s CEO-Exclusive Webinar Highlights Opportunity for MENA Cement Industry to Halve Emissions with Zero CAPEX
The World Cement Association (WCA) has held its first CEO-exclusive, pre-conference webinar, in which participants concluded that cement producers in the Middle East and North Africa (MENA) can halve carbon emissions with zero or low capital expenditure.
Region: Global
15.08.2022 18:29India Cements Q1 net profit up 103%
The India Cements Limited has posted a net profit of 76 crore for the quarter ended June 30, 2022, an increase of 103% over that of the corresponding quarter last financial year at 37.4 crore. The leading cement manufacturer is likely to effect a revision of cement prices by next week due to rise in the cost of various commodities.
Region: India