23 October 2019
Anhui Conch Cement boosts nine-month profit by 15% year-on-year 23 October 2019
China: Anhui Conch cement made a net profit of US$3.36bn in the nine months to September 2019, up by 15% from US$2.92bn in the corresponding period of 2018. Sales over the period were US$15.7bn, having increased by 42% from US$11.0bn in the first nine months of 2018. The company explained the disparity between revenue and profit in terms of increased operating costs of 32% compared to 2018, “due to the expansion of product sales and trading business.”
Nine-month production falls by 1.2% year-on-year in Azerbaijan 23 October 2019
Azerbaijan: Azerbaijan’s three cement works of an integrated capacity of 5Mt/yr produced 2.5Mt of cement in the nine months to 30 September 2019, down by 1.2% compared to 2.6Mt over the same term in 2018. Overall sales were low in the period, but exports picked up in the quarter to 30 September 2019, stimulating production levels of 0.9Mt, representing no change year-on-year.
Namibia: The International Organisation for Standardisation (ISO) has recognised Ohorongo Cement’s commitment to quality with ISO 9001:2015 and ISO 14001:2015 certification. The former follows technical auditing of the entire cement-making process to ensure ‘quality at the core of all processes,’ according to New Era, while the latter signifies the attainment of ‘the global standard for an effective environmental management system.’ The company commented that: “Ohorongo ensures that all operations and practices exhibit responsibility towards all stakeholders and the environment.”
Ohorongo Cement’s 69.8% owner Schwenk Namibia failed to sell to Singaporean-based International Cement Group (ICG) in September 2019.