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Lafarge Cement Zimbabwe appoints John Stull as a non-executive director
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Bamburi Cement appoints John Stull as a non-executive director Written by Global Cement staff
21 April 2021
Kenya: Bamburi Cement has appointed John Stull as a non-executive director following the resignation of Pierre Deleplanque. The latter was appointed to the company’s board in mid-2018 and is its Area Manager - East, South Africa & Indian Ocean.
Stull, an American national, is the Head of Strategy and Mergers & Acquisitions for LafargeHolcim Middle East & Africa region, and has over 28 years’ experience in the LafargeHolcim Group having joined it in 1992 as Operations Manager, Alpena Michigan - USA. In 1996 he was promoted to Vice President, Manufacturing - USA Region, and thereafter held several leadership positions including: President, Missouri Division, Ready Mix and Aggregates; Senior Vice President, Marketing and Supply Chain - Lafarge France; Regional President, Sub-Saharan Africa; President and Chief Executiv
Holcim Philippines sees 43% fall in net profit 03 March 2021
Holcim Philippines has reported a 42.5 per cent decline in net profit to PHP2.07bn (US$42.72m) for 2020, alongside a 22.3 per cent YoY fall in sales to PHP26.02bn from PHP33.49bn in 2019. Lockdowns from March to May and severe weather conditions in the fourth quarter further affected the business. These hampered delivery of raw materials and services to production sites and dispatch of products to customers, said the company in a statement.
The company s EBITDA was down by 38.6 per cent to PHP1.53bn in the fourth quarter of 2020 from PHP2.49bn in the 4Q19.
Published March 1, 2021, 2:33 PM
Cement manufacturer Holcim Philippines reported a 42 percent drop in net income to P2.06 billion last year from the P3.59 billion earned in 2019 as lockdowns and bad weather weighed down its performance.
In a disclosure to the Philippine Stock Exchange, Holcim saidnet sales declined by 22 percent to P26.06 billion from P33.49 billion as volume and prices dropped due to the impact of the pandemic.
“Lockdowns from March to May and severe weather conditions in the fourth quarter further affected the business. These hampered delivery of raw materials and services to production sites and dispatch of products to customers,” the firm said.
Holcim profit down by 39% as sales fall
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