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Yanfeng to invest 18 mln euro in Serbian factory by 2023

Yanfeng to invest 18 mln euro in Serbian factory by 2023
seenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seenews.com Daily Mail and Mail on Sunday newspapers.

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Eagle Materials reports cement revenues up 3% in 1QFY22


Eagle Materials reports cement revenues up 3% in 1QFY22
30 July 2021
Eagle Materials Inc s financial results for the first quarter of FY22, ended 30 June 2021 saw revenue in the Heavy Materials sector, which includes cement, concrete and aggregates, joint venture and intersegment cement revenue, reach US$315m, a three per cent YoY improvement. Heavy Materials operating earnings also increased three per cent to US$67.9m primarily because of improved cement sales prices.
Cement revenue, including Joint Venture and intersegment revenue, was up three per cent to US$270.3m. Operating earnings were also up three per cent to a record US$62.5m. These increases reflect improved cement quarterly sales prices, partially offset by lower cement sales volume. The average net cement sales price for the quarter was up seven [er cent to US$116.34 per tonne. Cement sales volume for the quarter was down two per cent to 2Mt, mainly because of heavy rainfall in Texas durin ....

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Eagle Materials' 2021 financial year sales and earning increase - Cement industry news from Global Cement


Eagle Materials’ 2021 financial year sales and earning increase
Written by Global Cement staff
20 May 2021
US: Eagle Materials recorded consolidated net sales of US$1.62bn in its 2021 financial year, up by 16% year-on-year from US$1.40bn. Its net earnings quadrupled to US$339m from US$70.9m. Cement sales volumes increased by 26% to 7.47Mt from 5.93Mt and cement sales increased by 27% to US$924m from US$730m.
President and chief executive officer Michael Haack said, “Across all measures, fiscal 2021 was extraordinary for Eagle as we met and overcame challenges that were inconceivable just a year earlier. The resilience of our business model, our financial discipline and our team’s operational and strategic execution allowed us to deliver record financial results, integrate the largest acquisition in the company’s history and further streamline our business portfolio by divesting several non-core business ....

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