Cement News tagged under: Weekly Newsletter
CRH releases 1Q21 trading update28 April 2021, Published under Cement NewsCRH has released a trading update ahead of its annual general meeting, which takes place tomorrow. The company has seen sales rise three per cent on a like-for-like basis in the first quarter of 2021, on the back of strong underlying demand and pricing progress across its key markets. "We had a positive start to the year in a seasonally quiet period for our business with good underlying demand and pricing progress across our key markets. While near-term uncertainties remain, we expect firs... |
GCC reports 9% increase in EBITDA28 April 2021, Published under Cement NewsMexico’s GCC has seen its consolidated net sales for the first quarter of 2021 decrease by 1.5 per cent to US$178.8m from US$181.4m in the 1Q20. This was primarily due to lower cement and concrete volumes in the US and the depreciation of the Mexican peso. However, this was partially offset by increased cement and concrete volumes in Mexico and a favourable price environment in both markets. The company’s EBITDA advanced 9.2 per cent YoY to US$49.5m from US$45.3m in the 1Q20, while the EBI... |
Maple Leaf Cement sees 13% increase in sales28 April 2021, Published under Cement NewsPakistan’s Maple Leaf Cement has reported a 13 per cent rise in net sales to PKR26.1bn (US$168.29m) for the nine-month period ended 31 March 2021, up from PKR23.1bn in the year-ago period. Profit after tax also reached PKR5.52bn from a loss of PKR3.7bn in the 9MFY19-20. Clinker production declined 8.2 per cent YoY to 3.66Mt from 3.99Mt, while cement production slipped 7.6 per cent to 3.8Mt during the 9MFY20-21. Domestic sales were down 10.4 per cent to 3.55Mt from 3.97Mt, but exports sur... |
Holcim Philippines reports 81% rise in net income27 April 2021, Published under Cement NewsHolcim Philippines reported an 81 per cent rise in net income to PHP909.35m (US$18.79m) in the first quarter of 2021, compared to PHP501.54m in the year-ago period. However, revenues declined six per cent YoY to PHP6.81bn from PHP7.27bn in the 1Q20. "We delivered an excellent performance in the first quarter due to our sustained focus on Health, Cost, and Cash," said Horia Adrian, president of Holcim Philippines. The company has also announced the temporary suspension of operations a... |
Fancesa inaugurates new Cal Orcko line27 April 2021, Published under Cement NewsBolivia’s Fábrica Nacional de Cemento SA (Fancesa) inaugurated its new production line at Cal Orcko, near Sucre. The US$215.45m investment will bring plant capacity to 2100tpd. Chairman of Fancesa’s Board of Directors, Edwin Hurtado, highlighted the important role that bondholders and national banks have played in financing part of the economic resources for the execution of the new line. “Without his participation, this long-awaited project would not have materialised.” The project has g... |
Ciments de Bizerte sees 61% rise in 1Q revenues22 April 2021, Published under Cement NewsTunisia-based Les Ciments de Bizerte advanced its total revenues to TND40.2m (US$14.7m) in the 1Q221, up 61 per cent when compared with TND25m in January-March 2020. The company has seen its domestic sales rise to 194,517t, up 26.5 per cent YoY in January to March 2021. As a result, its domestic revenues in the three-month period increased 50.5 per cent to TND34.6m. In terms of exports were up by TND3.7m or 185 per cent in the 1Q21. Clinker was shipped to Italy and the company developed ... |
Taiheiyo Cement Corp to work with Carbon Clean on carbon capture plant21 April 2021, Published under Cement NewsJapanese cement producer Taiheiyo Cement Corp will implement technology for CO 2 capture from the flue gas of rotary cement kilns in the first, 10tpd demonstration plant in Japan. For this purpose, Taiheiyo Cement has selected the technology for CO 2 chemical absorption supplied by UK-based Carbon Clean, which has been awarded by Marubeni Protechs Corp (Marubeni Protechs) in Japan. This technology will be installed at Taiheiyo Cement's plant in Kumagaya City, Saitama, and demonstr... |
Swiss 1Q cement deliveries down 1%21 April 2021, Published under Cement NewsCement deliveries in Switzerland (including Liechtenstein) slipped 1.1 per cent in the first quarter of 2021 when compared to the 1Q20, which was the last not fully affected by the COVID-19 pandemic, according to the Swiss cement association, Cemsuisse. Domestic deliveries fell to 862,210t in the January-March 2021 period from 872,104t in the year-ago period. CEM II cements with a lower CO 2 content recorded a modest growth and accounted for 90.1 per cent of deliveries. CEM I cement saw it... |
ACC reports 74% rise in profit for the 1Q2120 April 2021, Published under Cement NewsIndia's ACC (LafargeHolcim) has reported a 74 per cent rise in net profit for the first quarter of 2021, rising to INR5.63bn (US$75.33m) from INR3.23bn in the year-ago period. EBITDA also advanced 47 per cent YoY to INR8.6bn. Revenue from sales surged 23 per cent YoY to INR42.13bn from INR34.33bn in the 1Q20. In particular, cement sales increased 22 per cent YoY to 8Mt and cement prices were up six per cent to INR4876/t. As a result of its strong performance, the company has recorded its... |
Cement consumption in Spain up 8% in 1Q2119 April 2021, Published under Cement NewsSpanish cement demand advanced 8.4 per cent YoY in the first quarter of 2021, reaching 3,378,281t, reports Oficemen, the country’s cement association. The hike reflects the low based of demand in the 1Q20 as the country entered lockdown due to the coronavirus pandemic. “You have to look very cautiously at the percentage data for March, which show a growth of 52.6 per cent when compared to the start of the pandemic, when the stoppage of many of the works weighed down consumption by about 30... |