Cement News tagged under: Weekly Newsletter
CMA raises competition concerns over Breedon and Cemex deal26 August 2020, Published under Cement NewsBreedon’s purchase of certain Cemex assets has raised competition concerns in the supply of building materials in some parts of the UK, the Competition & Markets Authority (CMA) has found. Breedon announced in January 2020 that it had agreed a GBP178m deal to buy approximately 100 Cemex sites, including aggregates quarries, ready-mixed concrete facilities, asphalt plants and a cement terminal, across the UK. Following its initial Phase 1 investigation, the CMA found that the deal gives ri... |
Puerto Rican cement market expands 24% in July26 August 2020, Published under Cement NewsCement demand in Puerto Rico advanced 23.8 per cent YoY to 60,546t (1.42m bags of 42.6kg) when compared with 49,033t (1.15m bags) in July 2019, according to data by the country’s statistics institute. Cement sales fell in 2019 and the first few months of 2020 before plummeting in March and April due to the COVID-19 pandemic, which stalled economic activity. In May demand started to recover with sales up 2.1 per cent YoY, a trend that continued the following month as sales rebounded by 42 pe... |
Adelaide Brighton returns to profit in the 1H2026 August 2020, Published under Cement NewsAustralia’s Adelaide Brighton has posted a net profit after tax of AUD29.1m (US$20.95m) in the first half of 2020, compared with a net loss of AUD17.9m in the year-ago period. The company’s revenue declined seven per cent YoY to AUD700.7m. The company has reported that COVID-19 left operations largely uninterrupted, while the mining sector and the company’s increased exposure to the infrastructure market supported sales. However, overall cement sales decreased six per cent, although vol... |
Anhui Conch's 1H20 profit rises 5.3%24 August 2020, Published under Cement NewsAnhui Conch Cement's net profit rose in the 1H20, on the back of a resumption of construction projects in Asia and higher sales in western China. However, due to the COVID-19 pandemic, cement sales volumes fell across the regions the company operates in, except for west China. The cement company's net profit increased by 5.3 per cent to CNY16.09bn (US$2.33bn) during the period, the company reported. First-half operating revenue rose 3.3 per cent to CNY74.01bn. The company said it will se... |
PPC and subsidiaries record double-digit growth in July20 August 2020, Published under Cement NewsPPC reports that its total volumes at its international subsidiaries saw double-digit growth in July compared to sales in July 2019. "The demand is especially strong in Zimbabwe and Rwanda and the growth of sales volumes during July has been positive in the DRC as well," PPC said. "The increased sales volumes and the effect of the cost reduction and cash preservation measures have resulted in cash flows for the last months showing a positive trajectory." Double-digit YoY growth of cement... |
Siam Cement Group releases results for Philippine operations20 August 2020, Published under Cement NewsThailand’s Siam Cement Group has reported a 39 per cent YoY decline in revenue to PHP5.34bn (US$109.7m) from its Philippine operations for the first half of the year, on the back of a weak performance in its building materials business, reports The Philippine Star. In the 2Q20, the company’s local operations posted a 53 per cent decrease in revenue to PHP2bn. The news follows the release of SCG’s overall results last week, which saw a 33 per cent YoY rise in profit for the second quarter... |
Vietnamese export volumes rise 11% in the 7M2018 August 2020, Published under Cement NewsVietnam exported 19.5Mt of cement and clinker worth US$732m in the first seven months of 2020, up 11.4 per cent YoY in volume but down 5.4 per cent in value, according to Dau Tu (Investment). In the seven-month period, the major export markets included China, the Philippines and Bangladesh. Last year, the Ministry of Construction forecast that Vietnam would sell 101-103Mt of cement and clinker in 2020, rising 4-5 per cent YoY, which would include 32-31Mt of exports. However, the predic... |
Misr Beni Suef Cement records 84% rise in profit18 August 2020, Published under Cement NewsEgypt’s Misr Beni Suef Cement Co has seen its profit rise 84 per cent YoY to EGP29.5m (US$1.85m) during the second quarter of 2020, against EGP16m in the 2Q19. The company also reported a 94 per cent increase in profit to EGP88.77m in the 1H20, compared to EGP45.66m in the corresponding period of 2019. However, revenue declined 52 per cent YoY to EGP216m. Cement sales, including exports, also fell 53 per cent YoY, which was attributed to the continued oversupply alongside the effects o... |
Lafarge Cement Zimbabwe ordered to shut plant by EMA18 August 2020, Published under Cement NewsThe Environmental Management Agency ordered Lafarge Cement Zimbabwe (LafargeHolcim group) to close its 0.45Mta Manresa plant last week, because of abnormal dust discharges. Lafarge Cement Zimbabwe said it experienced an unexpected surge in dust emissions during a trial of alternative fuel in the plant between July 30 and 1 August, adding that immediate action was taken to control and contain the emissions and the incident was reported to EMA in line with regulatory requirements. It is under... |
Votorantim Cimentos 2Q20 cement sales edge up17 August 2020, Published under Cement NewsVotorantim Cimentos released its results for the 2Q20, announcing that the company’s cement sales volumes reached 7.5Mt, up 0.3 per cent on the 7.4Mt sold in the 2Q19. Net revenues reached BRL3876 (US$717.21m), up 18 per cent on the 2Q19 when it totalled BRL3298m. EBITDA amounted to BRL735m up from BRL491m in the 2Q19. Consolidated net revenues totalled BRL3.9bn in the 2Q20, an 18 per cent increase when compared to the same period of 2019, mainly explained by better volumes and prices in Vo... |