India: In the first quarter of the Indian financial year, which began on 1 April 2022, Orient Cement recorded sales of US$89.5m, up by 3.3% year-on-year from US$86.6m in the first quarter of the 2022 financial year. The producer’s costs rose by 18% to US$82.2m from US$69.7m, which caused its net profit to drop by 58% to US$4.69m from US$11.2m.
Siam City Cement donates to Sri Lankans in crisis
Thailand/Sri Lanka: Siam City Cement has despatched US$111,000-worth of medical supplies and monetary donations to Sri Lanka as humanitarian aid amid the on-going financial crisis in the country. Year-on-year inflation was 61% in July 2022.
The Nation newspaper reported that the Thai government has donated a total of US$158,000-worth of supplies to the country. It said “The donations reflect the close and cordial ties as well as the goodwill between Thai and Sri Lankan people.”
East Africa Portland Cement commences Athi River cement plant kiln shell replacement
Kenya: East Africa Portland Cement began work to replace a 16.5m-length of kiln shell at its Athi River cement plant at the end of July 2022. The producer says that the project will increase the kiln line’s capacity by 1400t/day.
Managing director Oliver Kirubai said "Due to the high costs of energy and an old clinker line, the board has prioritised efficiency and reliability of our integrated plant operations to drive cost optimisation.”
Star Cement's sales rise as profit drops in first quarter of 2023 financial year
India: Star Cement recorded sales revenues of US$82.3m in the first quarter of its 2023 financial year, up by 29% year-on-year from US$63.9m in the first quarter of the 2022 financial year. The producer's net profit dropped by 24% year-on-year to US$5.23m from US$6.86m. This was primarily due to a 34% rise in operating expenses toUS$72.5 from US$54.6m.


