Global Cement News

Argentina: Loma Negra recorded first-half 2022 sales of US$357m, up by 1.2% year-on-year from US$353m. Its cement sales rose by 13% to 3.15Mt from 2.79Mt in the first half of 2021. The producer more than doubled its net profit to US$45.4m from US$19.3m.

India: Grasim Industries recorded consolidated sales of US$3.52bn in the first quarter of its 2023 financial year, up by 41% from first-quarter sales of US$2.5bn a year previously. Dow Jones Institutional News has reported that the group’s cement business contributed a net profit of US$402m, down by 8.8% year-on-year from US$441m.

Taiwan: Hsing Ta Cement says that it has cancelled a planned repurchase of US$266m-worth of its shares. The purchase was the company’s fourth successive planned transaction of that kind. It retains a total shareholding worth US$114m.

In the second quarter of 2022, Hsing Ta Cement recorded sales revenues of US$100m and a net profit of US$2.23m.

Mexico: Cemex’s North American logistics subsidiary Cemex Servicios Logísticos has changed its name to Alliera. Alliera will continue its 15-year tradition of operating as an independent third-party logistics company, serving customers across various industries.

Cemex Mexico president Ricardo Naya said “For Alliera, Cemex’s strategic priorities are ensuring our collaborators’ health and safety, sustainability and innovation. Within this package of priorities, we always seek growth, as we do now with Alliera, which is part of Urbanisation Solutions, our most recently created business branch.”

Thailand: Siam Cement Group has received approval to issue a new lot of debenture worth US$426m on 3 October 2022. The group says that the debenture replaces its existing lot, which will retire for redemption on 1 October 2022. The new lot has an interest rate of 3.25% and matures on 1 October 2026.