Economy & Market

Grupo Cementos Portland Valderrivas reports rise in EBITDA

Published

4 years ago

October 14, 2021

admin

SpainÂ´s Grupo Cementos Portland Valderrivas has announced its results for 1Q14. The companyÂ´s EBITDA increased from -C5.6 million in 1Q13 to -C15.6 million in 1Q14, up 178 per cent YoY. Income before taxes improved by 19 per cent YoY from a loss of -C43.1 million in 1Q13 to a loss of -C34.7 million in the corresponding period in 2014. Turnover reached -C111.3 million, which includes -C43.2 million from the groupÂ´s Spanish operations and -C68.1 million from its operations overseas. This represents a decline of 8.6 per cent YoY, a result of lower sales volumes in the US and the gradual sale and liquidation of unprofitable concrete, mortar and aggregate businesses. However, the negative impact of these factors were somewhat offset by rising cement prices in Tunisia.

During the quarter, the Group saw its cement sales volumes increase by 1 per cent YoY. In Spain, as reported by SpainÂ´s cement association Oficemen, domestic cement consumption declined by 2.2 per cent YoY in 1Q14. Although there were steep declines in January and February, a more positive trend was seen in March 2014.

Concrete

UltraTech Cement boosts capacity with new clinker line

Published

5 hours ago

April 21, 2025

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UltraTech Cement has commissioned a 3.35 million tonnes per annum (Mt/yr) brownfield clinker line and one of two 2.7Mt/yr cement grinding mills at its Maihar facility in Madhya Pradesh. The second mill is expected to be operational in Q1 of FY2026. The company has also expanded its Dhule (1.2Mt/yr) and Durgapur (0.6Mt/yr) grinding units and inaugurated its first bulk terminal in Lucknow with a 1.8Mt/yr handling capacity.

Concrete

Ambuja Cements gets a new CEO

Published

5 hours ago

April 21, 2025

Roshna

Ambuja Cements has named Vinod Bahety as its CEO for a three-year term, following Ajay Kapur’s elevation to Managing Director. Bahety, formerly the company’s CFO, brings over 25 years of experience in finance and manufacturing, including a previous role as Group Head of M&A at Adani Group. Other key appointments include Rakesh Tiwary as CFO, Madhavi Isanaka as Chief Digital Officer, Vaibhav Dixit as Manufacturing Head, and Ashwin Raikundaliya as Chief Sustainability Officer.

Image source:www.exchange4media.com

Concrete

Dalmia Bharat reaches 49.5 MTPA with Rohtas expansion

Published

5 hours ago

April 21, 2025

admin

Dalmia Bharat has successfully achieved its FY25 production capacity target of 49.5 million tonnes per annum (MTPA). This milestone was reached following the commencement of commercial production at its Rohtas Cement Works (RCW) in Bihar, where an additional 0.5 MTPA capacity has been added from March 30, 2025.
The expansion, which involved an investment of `96 crore, boosts the Rohtas plant’s total capacity to 1.6 MTPA. This development underscores the company’s continued focus on strengthening its presence in eastern India and aligns with its long-term goal of scaling total capacity to between 110 and 130 MTPA by the year 2031.
Puneet Dalmia, Managing Director and CEO, Dalmia Bharat, shared, “The Eastern region holds immense promise, and this expansion is a reflection of our commitment to contribute meaningfully to its infrastructure growth. Reaching the 49.5 MTPA mark is a key step in our journey towards sustainable and strategic expansion.”