CRH reports 2010 financial results
CRH plc has reported its financial results for the calendar year 2010. The following is excerpts from the release pertaining to these results.
Stay up to date with the latest news and updates from the cement industry.
CRH plc has reported its financial results for the calendar year 2010. The following is excerpts from the release pertaining to these results.
During a press conference in Lisbon, Cimpor’s Chief Financial Officer Antonio Varela spoke of the company’s plans to open a new plant in Brazil and explore opportunities in Morocco and Mozambique.
The construction of a new cement plant in Azerbaijan, called Gizildash Cement, will boost domestic capacity and bring down prices, say NORM Ltd, the company behind the new plant.
Taiwan’s Far Eastern Group has revealed plans for investment and expansion into the Chinese cement market amongst other areas. This news arrived as the close of the Taiwanese stock market yesterday saw a 3.6% jump for cement shares.
Holcim Group released its annual results for 2010 at a press conference on March 2, 2011, in Zurich.
A leading cement producer has contracted TurboSonic Technologies Inc. to design and supply equipment for the abatement of SO2 and NOx at its cement plant in the US. The US$1.25 million contract is for TurboSonic’s TurboSorb Semi-Dry Absorption and Turbotak ammonia injection technologies.
An article discussing the current state of key players in the cement industry in East Africa. Sales targets have been met resulting in increased profit, although a rise in electricity costs has had a negative impact on some companies. Companies are hopeful for the new year with expansion plans, and commitment to reducing energy costs to increase profit and keep sales growing.
The US cement industry has received a temporary reprieve from the NESHAP ruling, as the House of Representatives has voted to discontinue funding to implement, administer or enforce the NESHAP for Portland cement. The PCA’s statement in response follows here.
In contrast to the unrest in other North African countries, Morocco seems to have remained relatively calm.
WISCO’s wholly-owned subsidiary, WISCO Metal Resources, is to establish a slag cement joint venture with Singapore-based EnGro Corporation.
Ciments Français is to sell Set group Holding and its subsidiaries to Limak Holding for a total amount of €290 million. The transaction is expected to be completed during the second quarter of 2011.
Cemtrex’s first quarter results show a revenue increase of 104%.