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Suez Cement reports 11.5 per cent EBITDA growth

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For the fourth quarter of 2014, Suez Cement reported a 2.5 per cent year-on-year increase in revenues and 11.5 per cent year-on-year growth in earnings before interest, tax and depreciation (EBITDA). Its net profit after non-controlling interests increased by 15.2 per cent during the quarter.
For the entirety of 2014, Suez Cement?s sales increased by 22 per cent, while recurring EBITDA improved by 8.8 per cent compared to 2013. However, higher corporate income taxes coupled with an absence of foreign exchange gains were responsible for an 8.4 per cent drop in net profit after non-controlling interests. EBITDA gains were also driven by Suez Cement?s downstream activities in transportation and ready-mix cements, as well as its paper bags subsidiary, which saw an EBITA increase of 26.5 per cent. Cement activities accounted for a gain of 6.3 per cent.The strong revenue performance was largely due to cement price increases due to an unprecedented surge in production costs and product shortages.

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Concrete

New appointment at TMEIC

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TMEIC Industrial Systems India, a Group company of TMEIC Corporation, Japan, has announced the appointment of Hidekazu Matsushima as the new Managing Director. Matsushima has been associated with Mitsubishi Electric FA division for domestic market in Japan since 1991 and been assigned in Industrial division in 1994, where he rolled out his mission of sales, marketing and business development of General industry (GI) such as paper, film, Oil & Gas, petrochemical, cement, food, automobile, semiconductor industries in Japan. During the establishment of TMEIC in Japan in 2003, he was assigned with the responsibility for domestic GI market Sales in Japan HQ, and then in plant and energy sales department.

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Concrete

Social Impact Award for Ambuja Cements

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The West Bengal CSR unit of Ambuja Cements has won the 6th ICC Social Impact Award 2024 in the large industry category. It was recognised for its efforts in advancing ‘Gender Equality and Women Empowerment’. The CSR arm received a letter of appreciation from the Office of the Governor of West Bengal, further amplifying recognition of the organisation’s contributions to societal advancement. The initiatives undertaken by Ambuja Cements in West Bengal under the Women Empowerment programme harness the power of rural women as breadwinners, community leaders and change-makers. Encouraging women to form Self-Help Groups and Federations plays a key role in helping them achieve socio-economic empowerment.

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Concrete

UCWL unveils new plant in Dabok, Udaipur

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JK Lakshmi Cement, a subsidiary of Udaipur Cement Works Limited (UCWL), has inaugurated its state-of-the-art cement mill IV at their Dabok plant in Udaipur, Rajasthan. The new mill pushes the plant’s cement capacity from 2.2 million MT to 4.7 million MT, making it one of the key players in the industry. The new facility is expected to enhance efficiency, productivity and provide exceptional product quality owing to its cutting-edge technology equipment while incorporating innovative measures to minimise its environmental impact. The event shows UCWL’s stern commitment to excellence and its contribution to the region’s infrastructure sector.

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