Cement News tagged under: Weekly Newsletter
Semapa sees 182% rise in 4Q20 net profit02 February 2021, Published under Cement NewsPortugal-based Semapa recorded a net profit of EUR106.6m in 2020, a 14.1 per cent YoY decrease from EUR124.1m a year earlier. In the 4Q20, net income surged 182.3 per cent YoY to EUR33.8m. Consolidated turnover was down 16.2 per cent YoY to EUR1867m in 2020, of which EUR451m came from its cement segment. EBITDA reached EUR419.3m, falling 13.9 per cent from EUR486.8m in 2019, despite the group's positive developments in cement, which grew 15.3 per cent YoY, especially in Portugal. |
Eagle Materials sees 18% rise in 3Q revenues02 February 2021, Published under Cement NewsUS-based Eagle Materials Inc has reported revenues of US$404.7m in the third quarter of 2020, representing a YoY increase of 18 per cent. Commenting on the third quarter results, Michael Haack, Eagle Materials president and CEO, said, “Our third quarter results demonstrate the overall resilience of our portfolio. Despite continued pandemic-related economic uncertainty, our wallboard shipments were up nine per cent, a third quarter record for American Gypsum, and our cement shipments were u... |
Cement demand in Spain down 10% in 202028 January 2021, Published under Cement NewsCement consumption in Spanish has declined by 9.7 per cent to 13.288Mt in 2020, according to the country’s cement association, Oficemen. The drop was already apparent in January and February, but with the lockdown due the the COVID-19 pandemic, demand in March, April and May fell by more than 1.2Mta when compared with 2019. It was not until December that demand seemed to pick up as cement consumption increased 8.2 per cent YoY to 1.022Mt, but from a low base in 2019. Exports In 2020 S... |
GCM to build 0.64Mta plant in Burkina Faso28 January 2021, Published under Cement NewsGeneral Community Management (GCM) Industries has started the construction of a 0.64Mta cement plant on a 7ha plot in the industrial zone of Kossodo, Burkina Faso. The first stone was laid in a ceremony led by the country’s Minister of Commerce and Industry, Harouna Kaboré, on 26 January 2021, according to Radiodiffusion Télévision du Burkina. The project, which has the option to expand capacity to 1.2Mta, represents an investment of XOF73.9bn (US$136.6m). The project has benefitted from t... |
GCC sees 2% rise in sales for 4Q2027 January 2021, Published under Cement NewsMexico's Grupo Cementos de Chihuahua (GCC) has seen a 1.7 per cent YoY increase in consolidated net sales to US$232.5m for the final quarter of 2020, compared to US$228.6m in the 4Q19. EBITDA fell 5.9 per cent YoY to US$81.3 from US$86.4m, while the EBITDA margin dipped to 35 per cent from 37.8 per cent. "GCC wrapped up 2020 with strong operational and financial results despite the challenges created by the COVID-19 pandemic. These positive results show GCC’s adaptability, resiliency and... |
Taiheiyo signs capital investment agreement in Solusi Bangun Indonesia27 January 2021, Published under Cement NewsPT Solusi Bangun Indonesia Tbk (SMCB), PT Semen Indonesia Industri Bangunan and Japan-based Taiheiyo Cement Corp signed a capital transfer and inclusion agreement and cement sale and purchase master agreement (offtake agreement) on 26 January. The transfer and capital participation agreement reflects the planned capital investment by Taiheiyo in the former Holcim subsidiary through the issuance of new shares with the right to pre-order securities (HMETD) or rights issue. "The implementatio... |
China reports 2% rise in cement production for 202026 January 2021, Published under Cement NewsChina’s National Bureau of Statistics (NBS) has reported a 1.6 per cent YoY rise in cement output to 2.377bnt for 2020. The construction of 3203 projects started across the country in December 2020, with a total investment of CNY2.69trn (US$415.6bn). Cement prices in China are also expected to maintain stable in 2021 due to improving supply-demand relations, according to Xinhua News. Many local authorities have now set a goal for infrastructure construction this year. Hubei Province... |
UltraTech Cement reports consolidated sales of INR121.44bn25 January 2021, Published under Cement NewsThe Aditya Birla Group's cement flagship, UltraTech Cement Ltd, reported consolidated net sales of INR121.44bn (US$1.66bn) for the quarter ended 31 December 2020, versus INR102.61bn over the corresponding period of the previous year. Profit before interest, depreciation and tax was at INR33.62bn compared to INR21.47bn in the corresponding period of the previous year. Profit after tax was INR15.84bn compared to INR7.12bn in the corresponding period of the previous year. On... |
Indonesia's cement sales fall 10% in 202021 January 2021, Published under Cement NewsIndonesia's 2020 domestic cement sales were recorded at 62.7Mt. The Indonesian Cement Association (ASI) reports the sales represent a fall by 10.4 per cent from 2019 sales of 70Mt, the lowest growth in 10 years. The highest number of domestic cement sales in 2020 occurred in October at 6.2Mt, while the lowest sales occurred in May of 3.2Mt. By December 2020, both monthly and yearly, sales on all islands contracted. Bank Mandiri's research team recorded the deepest contraction in... |
Cemex Philippines' US$235m project reaches milestone20 January 2021, Published under Cement NewsCemex Philippines' US$235m project has reached a milestone as the company has lifted the rotary kiln into place for its new line. Upon completion, the 1.5Mta expansion at Solid Cement will raise capacity to 3.4Mta. "This milestone demonstrates our full commitment to the development of the country and brings us closer to further strengthening our position in providing the infrastructure and building needs for economic development," said Ignacio Mijares, CEO and president, Cemex Holdings Ph... |