Cement News tagged under: Weekly Newsletter
PCA releases winter US regional cement consumption forecasts03 March 2021, Published under Cement NewsThe PCA Market Intelligence Group has released its cement consumption and construction spending forecasts in the USA. Northeast The Northeast has been hit hard by COVID-19, leading to cement consumption declining by a projected 0.6 per cent in 2020 and PCA Market Intelligence projects further decline in 2021 by nearly one per cent. The Middle Atlantic was down nearly four per cent in 2020. However, the East North Central and New England were up 0.7 and 2.8 per cent, respectively.... |
HeidelbergCement to partner in world's first low-carbon industrial cluster03 March 2021, Published under Cement NewsHeidelbergCement's British subsidiary Hanson UK has become a partner in the HyNet North West consortium, which aims to create the world’s first low-carbon industrial cluster in the region of northwest England. The proposed hydrogen and carbon capture and storage (CCS) project will play a critical role in the UK’s transition to net-zero greenhouse gas emissions by 2050 and the fight against climate change. "Our involvement in HyNet North West is the next step in HeidelbergCement's path... |
Caribbean Cement reports 13% increase in revenue03 March 2021, Published under Cement NewsJamaica's Caribbean Cement Co has reported a 13 per cent YoY increase in revenue to JMD20.1bn (US$132.94m) in 2020. The rise in revenue has been attributed to stronger domestic demand. The company also saw earnings before taxation of JMD4.4bn, up JMD2.7bn on that achieved in 2019. "We continue to operate in an environment of significant uncertainty. Our strategy will focus to effectively manage the variables under our control, providing to our customers an excellent service and high-qualit... |
Semen Indonesia records 4Q20 results earnings of IDR1.25trn02 March 2021, Published under Cement NewsPT Semen Indonesia (SMGR) booked 4Q20 earnings of IDR1.25trn (US$87.5m), up 35 per cent YoY, bringing 2020 earnings to IDR2.8trn, a rise of 17 per cent YoY, helped by lower interest costs and tax expenses. SMGR 2020 revenues of IDR35.2trn were down 13 per cent YoY, mainly due to lower volume and higher export sales. SMGR reported total 2020 volumes of 38.8Mt, an eight per cent YoY drop. This was dragged down by domestic sales of 32Mt, down 13 per cent YoY, while export sales rose ... |
Raysut Cement reports 8% rise in total revenue02 March 2021, Published under Cement NewsOman's Raysut Cement Group has reported an OMR14.06m (US$36.57m) net loss for the full-year 2020 period, against an OMR2.26m profit in the previous year. The results were attributed to a decline in sales volume in the local market as a result of projects and lower sales realisation per tonne of cement and clinker sold in export markets due to stiff competition from the UAE, Saudi Arabia and Iran. However, the company’s total revenue increased 7.5 per cent YoY to OMR90.38m from OMR84.05m. ... |
Cementos Molins records net profits of EUR93m in 202001 March 2021, Published under Cement NewsCementos Molins announced the group's net profit rose by four per cent YoY to EUR93m in 2020. In comparable terms of exchange rates and adjustment for hyperinflation of Argentina, the net profit increased by 27 per cent in 2020. Cementos Molins revenues have reached EUR775m at the end of 2020, which represents a decrease of three per cent compared to the same period of the previous year. The strong contraction of the markets in the second quarter as a result of the impact of the COVID... |
HeidelbergCement resets for the future26 February 2021, Published under Cement NewsHeidelbergCement released its preliminary figures for the full-year 2020 during the week , seeing an impressive operational performance deliver strong financial results, in spite of the pandemic. Going forward the company is now planning asset disposals to further optimise its asset portfolio and has incorporated carbon reduction targets into the company's remuneration and staff incentive schemes. Navigating the pandemic The company's COPE (COVID-19 Contingency Plan Execution) action p... |
LafargeHolcim FY20 net sales dip to CHF23,142m26 February 2021, Published under Cement NewsLafargeHolcim announced FY20 net sales of CHF23,142m (US$25,588m), down 5.6 per cent on a like-for-like basis (LfL) compared to the prior year and down 13.4 per cent on a reported basis. The LfL decline mainly results from the pandemic-related disruption, mostly in the 1H20, before returning to prior-year levels in the 2H20. Recurring EBIT reached CHF3676m, down 10.4 per cent in total and a decline of 1.9 per cent LfL for the full year, with a largely ‘V-shaped’ recovery across all ... |
Cementos Argos reports 16% rise in EBITDA25 February 2021, Published under Cement NewsColombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the year-ago period. Revenues in the October-December quarter reached COP2.32trn, down 1.1 per cent YoY from COP2.35 in the 4Q19. The company also saw a two per cent YoY increase in cement volumes during the last quarter of 2020, dispatching 3.96Mt. The rise was attributed in part to greater export activity from Cartagena ... |
Mexico's cement exports up 11% in 11M2025 February 2021, Published under Cement NewsMexico's exports of cement advanced 11 per cent YoY in the 11M20, according to Market Data México. Exports rose from US$168m in the 11M19 to US$186m in the 11M20. The main destination for Mexican cement exports was the USA, which reported sales of US$141m, followed by Guatemala, which bought cement to a value of US$10m. Exports to Belize accounted for a further US$8m while Mexican cement producers sold cement to the value of US$5m. When compared with the equivalent period of the previou... |