Cement News tagged under: Weekly Newsletter
Cementos Argos' EBITDA grows 10% in 3Q2013 November 2020, Published under Cement NewsArgos (Grupo Argos) delivered satisfactory results during the third quarter, amid the COVID-19 pandemic. The company reported an improvement in EBITDA despite the impact on volumes mainly caused by hurricanes and heavy rains in the USA. During the period, consolidated shipments of cement and concrete registered a decrease of 8.4 per cent and 19.5 per cent, respectively, and of 12.7 per cent and 16.5 per cent compared to 3Q19. This decline was offset thanks to the successful execution of ... |
Titan Group reports revenues of EUR1202m in 9M2012 November 2020, Published under Cement NewsTitan Group announced its consolidated revenue totalled EUR1202.4m for the 9M20, a marginal decline of 0.5 per cent when compared with the revenue in the 9M19. Operating profitability (EBITDA) in January-September 2020 rose by 10.1 per cent to EUR229.4m. Net profit after taxes and minorities in the 9M20 was EUR58m compared to EUR45.2m in 9M19. In the 3Q20 Titan Group’s revenue fell by 1.7 per cent compared to the 3Q19 at EUR416m, while group EBITDA in the 3Q20 grew by 7.4 per cent to EUR9... |
Brazilian cement demand sees 15% hike in October12 November 2020, Published under Cement NewsBrazil’s cement market expanded 14.5 per cent YoY in October 2020 with demand at 6Mt, according to the country’s cement association, SNIC. The southeast, the country’s largest market, saw sales increased by 9.4 per cent YoY to 2.702Mt in October, while in the northeast deliveries advanced 16.3 per cent to 1.275Mt. In the south 0.987Mt of cement was delivered, up 21.6 per cent. The central-west market expanded 18 per cent to 0.702Mt. In the north, the country’s smallest market, sales increa... |
Raysut holds ground breaking ceremony for 1Mta Duqm grinding plant11 November 2020, Published under Cement NewsRaysut Cement Co (RCC) has held a groundbreaking ceremony for the start of the construction of its new US$30m grinding unit in Duqm in Oman. The development of the 1Mta Duqm plant raises the group's cement capacity to 7.4Mta. "Today’s groundbreaking is a milestone for RCC on two counts. It will contribute significantly to our ambitious capacity expansion targets of 10Mt by 2022 which is expected to be further scaled up to 22Mt in the near future. Second, it will help us generate m... |
Buzzi Unicem records cement and clinker sales of 21.7Mt in 9M2010 November 2020, Published under Cement NewsBuzzi Unicem announced that cement and clinker sales for the group totalled 21.7Mt in the 9M20, down 1.8 per cent compared to the previous year. Ready-mix and concrete sales contracted by 4.9 per cent to 8.7Mm 3 . Consolidated net sales stood at EUR2408m, a minor dip of 0.6 per cent on the EUR2423.6m earned in the 9M19. On a like-for-like basis net sales would have slipped 0.3 per cent. The summer period was characterised by positive developments in Italy, thanks to a better-than-expec... |
Breedon disposes of 14 assets to Tillicoultry Quarries for GBP12.2m09 November 2020, Published under Cement NewsBreedon Group Plc is pleased to announce that it has agreed the disposal of certain assets to Tillicoultry Quarries Ltd for GBP12.2m on a cash and debt-free basis. The 14 sites to be divested include 10 ready-mixed concrete plants and an asphalt plant and associated aggregates depot in England, and two quarries and a cement terminal in Leith, Scotland. The earnings of the assets being disposed of are not material to the Breedon Group. Breedon is divesting these assets at the di... |
Vicat reports sales of EUR2.07bn04 November 2020, Published under Cement NewsVicat Group’s consolidated sales reached EUR2.066bn in the first nine months of 2020, stable on a reported basis and up 2.1 per cent YoY at constant scope and exchange rates. EBITDA increased to EUR403m from EUR373m in the 9M19. Overall cement sales also advanced 8.4 per cent at a constant scope. “The Vicat Group’s performance over the first nine months of 2020 demonstrated its resilience and its tremendous ability to seize growth opportunities arising in its markets. The impact of COVID o... |
FLSmidth reports 33% decline in 3Q cement revenues03 November 2020, Published under Cement NewsIn the 3Q20 FLSmidth’s revenue amounted to DKK3834m (US$4181m) compared to DKK4736m in the 3Q19, down 19 per cent. Organic revenue decreased by 12 per cent, comprising a one per cent increase in mining and a 33 per cent decline in cement. The sharp decline in cement was due to a more severe pandemic impact on the cement industry and a low backlog. In the 3Q20 FLSmidth’s order intake amounted to DKK3955m, compared to DKK4571m in the 3Q19, down 13 per cent. Organic order intake fell b... |
Cementos Pacasmayo sees EBITDA rise 8% in 3Q03 November 2020, Published under Cement NewsPeru's Cementos Pacasmayo saw its sales volume of cement, concrete and precast rise 14.2 per cent YoY to 819,700t in the third quarter of 2020, reaching historical record levels, mainly due to a sharp recovery in sales of cement. The company’s consolidated EBITDA also advanced 8.2 per cent to PEN120.6m (US$33.36m) from PEN111.5m in the 3Q19. Overall revenue increased 6.3 per cent YoY to PEN407.4m from PEN383.4m. However, in the first nine months of 2020, the sales volume of cement, concret... |
LafargeHolcim to build first CC facility at Carboneras plant02 November 2020, Published under Cement NewsLafargeHolcim will begin to build the first carbon capture facility at its Carboneras plant in Almería, Spain, at the end of the year. It will use British Carbon Clean technology and the captured carbon will be used to improve the agricultural performance of the greenhouses in the province. The installation will initially capture 10 per cent of the 700,000t of CO2 emissions by the plant, but the cement producers plans to capture 100 per cent eventually and equip its other four cement plants... |