Cement News tagged under: Weekly Newsletter
Suez Cement sees net loss widen in 9M2023 November 2020, Published under Cement NewsEgypt’s Suez Cement has posted a consolidated net loss of EGP888.9m (US$56.79m) in the first nine months of 2020, widening from an EGP521.4m loss in the year-ago period. The company’s sales also declined 21.8 per cent YoY to EGP3.84bn from EGP4.91bn. In its standalone business, net losses contracted to EGP587.2m from EGP736.77m in the 9M19. Elsewhere, the Egyptian Stock Exchange has announced the execution of HeidelbergCement France’s mandatory takeover offer (MTO) for Suez Cement’s share... |
Taiwan Cement Corp sees revenue rise 3% in the 3Q2020 November 2020, Published under Cement NewsTaiwan Cement Corp has announced a three per cent YoY rise in revenue to TWD29.8bn (US$1.04bn) for the third quarter of 2020. Its net income also reached TWD7.4bn, up 14 per cent YoY. In the first nine months of the year, revenue decreased six per cent YoY to TWD82.2bn while net income increased four per cent to TWD18.4bn. "Fourth quarter is the traditional peak season for the cement market and we remain optimistic about our performance," said Edward Huang, senior vice president, Taiwa... |
HeidelbergCement announces EUR400m investment in French sites19 November 2020, Published under Cement NewsHeidelbergCement’s subsidiary, Ciments Calcia has presented the draft terms of a large-scale investment and reorganisation programme for several of its sites in France. The programme comprises investments of around EUR400m, of which nearly EUR300m is earmarked for the Airvault plant alone. Elsewhere, the company will convert its facility in Gargenville, Yvelines, into a modern grinding unit and shut down the kiln system and quarry operations. This adjustment is expected to enhance the ... |
US August shipments down sharply by 7% YoY19 November 2020, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico in August 2020 fell by seven per cent YoY to 9.6Mt, according to the latest data by the US Geological Survey (USGS). In descending order, the leading producing states during the month were Missouri, Texas, California, Florida, and Michigan – accounting for 41 per cent of cement produced. The leading consuming states of Texas, California, Florida, Ohio and Illinois, received 37 per cent of August shi... |
Breedon Group's revenues for 10M20 reach GBP750m18 November 2020, Published under Cement NewsBreedon has issued a scheduled trading update with group revenues in both September and October ahead of the same period in the prior year, on a like-for-like basis. As a result, the group saw revenues for the first 10 months of the year reach GBP750m (2019: GBP800m), including three months contribution from the former Cemex assets in the UK. The board now expects the group's underlying EBIT for the full year to be at least GBP70m, which is ahead of current market expectations. ... |
LafargeHolcim launches first sustainability-linked bond for EUR850m18 November 2020, Published under Cement NewsLafargeHolcim priced a EUR850m sustainability-linked bond on 17 November, with a coupon of 0.5 per cent maturing in 2031. This is the first bond of its kind in the building materials industry. Géraldine Picaud, CFO, said, "We are proud to be the first in our industry to launch a sustainability-linked bond. The order book of EUR2.6bn demonstrates the confidence of investors in the company’s financial strength, strategy and ability to deliver on its sustainability targets." In addi... |
Iran's cement production rises 14% YoY17 November 2020, Published under Cement NewsIran's cement production in the first six months of the year (starting in March 2020) rose 14.4 per cent YoY to 35.63Mt, compared with 31.15Mt in the year-ago period, according to data provided by the Ministry of Industry, Mines and Trade. According to the Islamic Republic of Iran Customs Administration (IRICA), in the first five months of the current Iranian calendar year it has exported 5,847,201t of cement, worth more than US$127.9m, to 28 countries. India, Afghanistan, Russia, Iraq... |
Indonesian domestic cement demand falls 10% in 3Q2016 November 2020, Published under Cement NewsIndonesia's cement demand fell 9.7 percent to 17,499,807t in the 3Q20 from 19,384,326t in the 3Q19, according to the Indonesian Cement Association (ASI). The decline in domestic cement consumption was mitigated by a 62.4 per cent surge in exports, which increased to 3,128,985t in the 3Q20 from 19,384,326t in the year-ago period. Of this total, 2,725,493t of clinker was exported, up 79.3 per cent YoY, and 403,492t of cement, down 0.7 per cent YoY. Domestic sales plus exports in t... |
PPC sees rise in sales volumes in the 3Q2016 November 2020, Published under Cement NewsSouth Africa’s PPC has announced that its cement sales volumes increased 20-25 per cent YoY in the third quarter of 2020. "This trend has continued in October with strong cement sales volumes experienced for the month, up 15-20 per cent compared with the same period last year," said the group in an operational update. The rise in sales has been attributed to individual consumers instead of construction companies. In July-September 2020, sales volumes in PPC Zimbabwe and PPC Barnet i... |
Votorantim Cimentos reports 3Q20 EBITDA of BRL1.5bn13 November 2020, Published under Cement NewsVotorantim Cimentos recorded global net revenue of BRL5.2bn (US$961.2m) in the 3Q20, a 37 per cent increase compared to 3Q19. The growth was due to the positive impact of a 15 per cent increase in sales, resulting from a recovery in demand in all regions. In addition to positive market dynamics and the appreciation of the dollar against the real. Consolidated adjusted EBITDA in the quarter was BRL1.5bn, an increase of 94 per cent in comparison with the 3Q19, with an EBITDA margin o... |