Cement News tagged under: Weekly Newsletter
Buzzi Unicem records 1Q20 net sales of EUR688.5m12 May 2020, Published under Cement NewsBuzzi Unicem has released its 1Q20 results which saw net sales reach EUR688.5m, up 4.9 per cent on 1Q19. Cement sales rose by 0.4 per cent to 6Mt, while concrete volumes fell by 3.5 per cent to 2.5Mm 3 , compared to 1Q19. Net debt as at 31 March 2020 amounted to EUR525.2m, EUR46.6m lower compared to the year-end 2019. Since March production and business activities have been severely hampered by the outbreak of COVID-19 in Italy, Luxembourg and eastern Europe. Buzzi Unicem reports construct... |
HeidelbergCement releases 1Q20 results07 May 2020, Published under Cement NewsHeidelbergCement has recorded a seven per cent decline in revenue to EUR3.93bn for the first quarter of 2020, compared with EUR4.24bn in the year-ago period. The company saw sales volumes across all lines increase in January and February, however, its volumes from mid-March were severely affected by the coronavirus pandemic. As a result, total cement and clinker sales volumes decreased three per cent YoY to 27.7Mt from 28.6Mt. Deliveries of aggregates also fell four per cent to 60.1Mt in t... |
Mahendra Singhi considers COVID-19 impact on the Indian cement industry07 May 2020, Published under Cement NewsMahendra Singhi, president of India’s Cement Manufacturers Association and managing director and CEO of Dalmia Cement (Bharat) Ltd, opened Cemtech’s third live webinar yesterday. Mr Singhi started by recognising the severe impacts caused by the COVID-19 pandemic. In India, for example, the scale of the nationwide lockdown is the largest ever seen. As a result, the pace of its economy has considerably slowed in recent months and GDP may contract 0.5-2 per cent YoY in the FY21. However, the... |
Vicat post 3% sales increase in 1Q2006 May 2020, Published under Cement NewsVicat reported a 2.6 per cent advance in total consolidated sales in the January-March 2020 period to EUR615.5m from EUR600m in the 1Q19. At constant scope and exchange rates, consolidated sales edged up 0.2 per cent YoY. The company posted a 5.5 per cent rise in consolidated cement sales to EUR319m in the first quarter of 2020 – or an increase of 3.7 per cent at constant scope and exchange rates – when compared with the 1Q19. Concrete and aggregate sales were up 1.4 per cent YoY to EUR2... |
Argos records revenues of COP2.2trn in 1Q2006 May 2020, Published under Cement NewsIn the first three months of 2020, Argos (Grupo Argos) reported revenues of COP2.2trn (US$5.6bn), a figure that remains stable when compared to 2019. EBITDA, including the effect of IFRS16, was COP343bn, decreasing one per cent when compared to the same quarter of the previous year. During the period, the total volume of cement dispatched reached 3.6Mt, down 6.1 per cent, and ready-mix volumes fell 10.7 per cent to 2.1Mm 3 . "In general, the results were impacted mainly because of the clo... |
Cemex Philippines sees net sales fall 10%05 May 2020, Published under Cement NewsCemex Holdings Philippines Inc announced that net sales decreased by 10 per cent during the 1Q20, versus the 1Q19, amounting to PHP5.6bn (US$110.7m). Domestic cement volumes decreased by four per cent versus 1Q19. An eight per cent increase in volumes during the first two months of the year was offset by the effects of the Enhanced Community Quarantine in Luzon and other quarantine measures around the country during the second half of March 2020. CHP’s domestic cement prices fell by six pe... |
Cem'In'Eu prepares start-up of Rhône Ciments05 May 2020, Published under Cement NewsCem'In'Eu is starting up Rhône Ciments, its second cement plant in Portes-lès-Valence, Drôme region, France. "Moving to Portes-lès-Valence allows us to be in the middle of a Lyon-Marseille-Montpellier triangle but also to be connected to the Alpine valleys. We are thus at the heart of the large southeast market," explains Vincent Lefebvre, Cem’In’Eu president and founder. The company imports clinker from a 5Mta integrated cement works in eastern Turkey to supply its factory, which has i... |
LafargeHolcim's net sales fall to CHF5.293bn in 1Q2001 May 2020, Published under Cement NewsLafargeHolcim announced its 1Q20 results with net sales reaching CHF5.293bn (US$5.4bn), down 11.2 per cent from CHF5959m in the 1Q19. Recurring EBIT totalled CHF262m in the 1Q20, represening a decline of 14.1 per cent from CHF305m in the 1Q19. Jan Jenisch, LafargeHolcim CEO, said: "The company had a strong start to the year as 1Q20 performance remained well ahead of last year’s results until Mid-March, when the impact of COVID-19 spread beyond China into all business regions. Nevertheless ... |
Vietnamese cement dispatches slip in March29 April 2020, Published under Cement NewsVietnamese producers supplied 6,508,053t of cement to the domestic market in March 2020, according to the Vietnam National Cement Association (VNCA). This represents a decrease of one per cent YoY but a 55 per cent MoM rise. VICEM sales in March 2020 fell five per cent YoY but rose 61 per cent MoM to 2,224,216t while deliveries by its affiliates saw a nine per cent YoY drop and 50 per cent rise MoM to 1,773,837t. Other cement companies supplied 2,510,000t, up nine and 53 per cent YoY and M... |
Namangan Cement launches construction of second line29 April 2020, Published under Cement NewsUzbekistan's Namangan Cement LLC has launched the construction of a second line at its facility in Namangan, Chust district. The company was founded in 2019 and produces 200,000tpa of cement from the first stage of production. After the second stage is commissioned, the facility’s capacity will rise to 1.1Mta. The new line is expected to be launched at the end of 2021, according to Uzbekistan’s National News Agency. The project will be implemented with US$14m of the company's own funds... |