Latest news with #cementindustry
Bloomberg
5 days ago
- Business
- Bloomberg
India's Lofty Equity Valuations Are Pure Bollywood
Even to seasoned investment professionals, India's lofty equity valuations are a head-scratcher. How's a sell-side researcher to explain to a foreign institution that the country's cement makers are more than twice as expensive as their peers in every other major market? Building materials are just one example, though that's what analyst Sanjeev Prasad and his team at Kotak Institutional Equities picked to raise some provocative questions in a recent investor note, titled What the cement sector tells us about our industry.
Yahoo
20-05-2025
- Business
- Yahoo
SINOMA International Hosts 3rd SINOMA Cement Green & Intelligent Summit, Charting Course for Sustainable Industry
BEIJING, May 20, 2025 (GLOBE NEWSWIRE) -- The 3rd SINOMA Cement Green & Intelligent Summit, themed "Green Intelligence Empowers Cooperation," was held in Hefei on May 16, drawing over 580 industry leaders and experts from 49 event fostered in-depth dialogues on green and low-carbon development, digital design, intelligent management, and industrial transformation, advancing global cement industry innovation and aligning with the vision of building a community with a shared future for mankind. Zhou Yuxian, Chairman of China National Building Material Group (CNBM), the parent company of SINOMA, delivered a keynote speech titled "Innovation-Oriented, Green-Focused, Future-Forward: Create a Brighter Future for the Materials Industry Together." He highlighted CNBM's commitment to leveraging cutting-edge technologies, global manufacturing capabilities, and capital empowerment to drive sustainable growth. Zhou emphasized CNBM's breakthroughs in high-performance materials, cost-efficient solutions, smart technologies, and green services, proposing new collaboration models—including strategic partnerships, joint R&D, equity cooperation, and financial alliances—to expand global market opportunities. Khamis Mussa Omar, Tanzanian Ambassador to China, remarked that CNBM's vision for a green and intelligent cement industry aligns closely with Tanzania's goals for sustainable industrial development. He praised SINOMA for constructing modern cement plants in Tanzania and supporting the nation's economic growth through engineering expertise, operational services, technical training, and supply chain solutions. Iven Zyuulu, Zambian Ambassador to China, stated in his address that green development, low-carbon transition, and application of clean technologies are critical for the sustainable growth of the cement industry. He noted that SINOMA has been contributing to Zambia's industrial upgrading and sustainable development since 2006. Zyuulu affirmed Zambia's commitment to fostering a favorable business environment and building a diversified, resilient economy, inviting global investors to explore opportunities in Zambia. Yin Zhisong, Chairman of SINOMA, delivered a welcome speech, reviewing the achievements of the previous two sessions and the company's journey in pioneering green development, developing intelligent equipment, and building a global service network. He reaffirmed SINOMA's dedication to green, intelligent, and sustainable development, vowing to collaborate with global partners to accelerate industrial transformation, create a green, low-carbon, and smart ecosystem, and advance global sustainability. The conference unveiled four major sci-tech innovation achievements of SINOMA for 2025. The event established a vital platform for global dialogue, bridging the cement industry's transition into a green and intelligent era. SINOMA pledged to continue gathering global expertise, showcasing cutting-edge technologies, strengthening cross-border collaboration, and driving deeper integration of intelligence, green practices, and low-carbon solutions. The company remains committed to fostering open cooperation, improving global livelihoods, and co-creating a sustainable future characterized by mutual benefit and ecological harmony. Company: Sinoma International Engineering Co. Ltd. Contact Person: Deng Jiexi Email: dengjiexi@ Website: Telephone: (010)64399322 City: Beijing A photo accompanying this announcement is available at in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Sinoma International Successfully Hosts The Second SINOMA Cement Green & Intelligent Summit
BEIJING, May 19, 2025 (GLOBE NEWSWIRE) -- The Second SINOMA Cement Green & Intelligent Summit was held in Nanjing, Jiangsu province on May 17. Themed "Green Intelligence Empowers Cooperation," the event was joined by more than 400 representatives from 34 countries, who had in-depth exchange of views on green and low-carbon development, digital design and intelligent they shared the application results of frontier technologies and discussed international cooperation in the cement industry, in an attempt to build a green, intelligent and beautiful future. General Manager of China National Building Materials Group (CNBM) said in a speech that the group will keep adhering to its mission of "Better Materials Better World" and serve the industry and its clients with high-quality innovative achievements. The group will make this high-profile conference into a regular platform where global cement enterprises can meet and exchange with each other. He hopes that CNBM could work together with its domestic and overseas counterparts to create a new chapter of green, low-carbon, digital and intelligent development of the global cement industry. South African Ambassador to China Siyabonga Cyprian Cwele delivered a speech at the conference. He said that SINOMA International Engineering Co., Ltd. (SINOMA International) has played an active role in strengthening cooperation between China and South Africa since entering the South African market in 2006, highlighting the company's professional expertise and excellent service. He also invited international businesses in the building materials industry to invest and develop in South Africa. In his speech, Ethiopian Ambassador to China Tefera Derbew Yimam shared the characteristics and initiatives of Ethiopia's cement industry and green development. He said SINOMA International has promoted local cement production and created massive jobs when joining large-scale cement projects, acknowledging the company's contribution to Ethiopia's cement industry. He extended an invitation to all interested companies to invest in Ethiopia's cement sector. Chairman of SINOMA International Yin Zhisong, on behalf of the organizing committee, delivered a welcome speech at the opening ceremony of the conference, in which he shared his insights about how SINOMA International fulfilling commitments since the first summit. He noted that SINOMA International treasures innovation, considers equipment crucial, regards the environment as its life, and values mutual trust as the source of every business relationship. The company aims to empower its global clients with world-class industrial intelligent technology and services, Yin added. He said SINOMA International, following the corporate mission of "Promoting Green and Intelligent Development, Serving a Better World" will work to create a data-driven green and intelligent technology and service system, so as to promote the sustainable development of the global cement industry. This conference also featured two sub-forums on "Green Low-Carbon" and "Digital Intelligence," with a total of 29 invited reports and special technical lectures delivered in six sessions. The Second SINOMA Cement Green & Intelligent Summit provided an important platform for enterprises in the global green and intelligent building materials industry to enhance communication, build trust, and strengthen cooperation. The event will keep telling SINOMA stories to the world, showcase the new technologies and achievements of SINOMA International, and contribute to the high-end, intelligent, and green development of the global cement industry. It will work together with all relevant parties to build a community with a shared future for mankind, and write new chapters of development in 'Green Intelligence Empowers Cooperation'. Company: Sinoma International Engineering Co. Ltd.,Contact Person: Deng JiexiEmail: dengjiexi@ (010)64399322City: Beijing A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
14-05-2025
- Business
- Reuters
India's Shree Cement just misses profit view as higher costs bite into record sales volume
May 14 (Reuters) - India's Shree Cement ( opens new tab posted a fourth-quarter profit that fell just shy of analysts estimates on Wednesday, as record sales volumes were outweighed by higher expenses and a bigger tax bill. The company's net profit dropped about 16% to 5.56 billion rupees ($65.2 million), just below analysts' average expectation of 5.59 billion rupees, per data compiled by LSEG. In a seasonally strong quarter, Shree Cement's sales volumes hit a record 9.84 million tonnes, lifting revenue by 3% to 52.40 billion rupees, which exceeded analysts' expectations. However, its total costs rose about 5% to 46.48 billion rupees. Freight costs, which account for a quarter of the total expenses, jumped more than 10%. The company's tax expenses also went up 69%. For further earnings highlights, click KEY CONTEXT The weather in India during the January-March period is usually favourable for construction activities, which spurs demand for cement. Cement mills typically cash in on this by boosting their volumes. Prices also began to recover in the past few months, reversing from declines logged for the bulk of last year. However, the average all-India cement price for the January-March quarter was 2% lower on-year, data from brokerage Ambit Capital showed. As a result, the sector has furnished a mixed bag of results. Market leader UltraTech Cement ( opens new tab missed estimates on soft pricing while strong volumes boosted profits at rival Adani-owned Ambuja Cements ( opens new tab. PEER COMPARISON * The average of analysts ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY-MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.2625 Indian rupees
