Cement News tagged under: Weekly Newsletter
Holcim El Salvador sets record production figures in 201906 March 2020, Published under Cement NewsHolcim El Salvador produced over 1.2Mt of cement and 710,000Mm 3 of concrete in 2019, representing record production figures, and plans to maintain this positive performance in 2020. The company also co-processed around 26,000t of waste in 2019, up from 20,000t in the previous year. Elsewhere, Holcim is also considering reopening its Maya cement plant, which was closed in 2008 due to low domestic demand. These plans would require an investment of US$20m. In the meantime, the company is ... |
Colombian cement market expands 9% in January05 March 2020, Published under Cement NewsCement dispatches in Colombia increased by 8.5 per cent YoY to 995,400t in January 2020 from 917,100t in January 2019, according the country’s statistics office, DANE. Shipments to the retail segment advanced by 12.1 per cent YoY while construction companies and contractors increased their offtake by 3.9 per cent in 1M20. However, there was a decline in ready-mix companies and pre-manufactured products sales of 1.8 and 2.9 per cent, respectively. Sales of bagged cement in January 2020 in... |
GICA subsidiary prepares export plan04 March 2020, Published under Cement NewsThe Public Industrial Group of Algerian Cement (GICA) has announced that its Beni Saf subsidiary plans to export over 45,000t of clinker to African countries during the current year. Orders are reportedly under study for exports from the port of Ghazaouet, Algeria, to several countries, including Ghana, Guinea and Mauritania, according to Dakmous Fatima-Zohra, communications and marketing officer. After fulfilling national orders, Beni Saf Cement is targeting these markets as a first ste... |
CRH EBITDA up 25% in 201903 March 2020, Published under Cement NewsCRH plc posted a six per cent advance, or three per cent like-for-like (LfL), in sales to EUR28.3bn in 2019 when compared with 2018. The company’s EBITDA increased 25 per cent (+3 per cent LfL) YoY to EUR4.2bn while it saw an EBITDA margin increase of 230 basis points. “CRH delivered good profit growth in 2019 supported by positive momentum in our heritage businesses and strong contributions from recent acquisitions. With a continuing focus on margin expansion, cash generation and enhanced ... |
Cement demand in Vietnam falls 37% in January03 March 2020, Published under Cement NewsDemand for cement in Vietnam in January 2020 saw a 37 per cent YoY decline to 2,879,347t, according to the Vietnam National Cement Association (VNCA). Domestic sales by VICEM fell 43 per cent YoY to 903,383t while its associates saw a 36 per cent YoY drop to 756,964t. Sales of other cement producers decreased 32 per cent to 1,210,000t in the same period. In addition, there was a reduction in export sales by 23 per cent to 2,049,402t when compared with January 2019. MoM the drop was 44 pe... |
Holcim Philippines posts 41% net income advance in 201903 March 2020, Published under Cement NewsHolcim Philippines achieved a revenue of PHP33.5bn (US$660.4m) in 2019 despite a slow first half in terms of construction activity. However, the company’s operating EBITDA increased 36.7 per cent YoY to PHP6.7bn in 2019 from PHP4.9bn in 2018 as the company benefitted from initiatives to raise efficiencies and improve costs across the board. The rise was further supported by a more favourable product mix and the stable contribution of its aggregates business. The company’s full-year net in... |
Dangote Cement plans 1Mta grinding unit in Gabon02 March 2020, Published under Cement NewsDangote Cement will construct a new 3000tpd clinker grinding plant in Gabon, representing an investment of US$75m, according to Dangote Group President, Alhaji Aliko Dangote. The new 1Mta cement plant will be built on a plot of over 10.5ha in the Owendo area, adjacent to the New Owendo International Port, just outside the country’s capital, Libreville. The plant is expected to help expand the spread of Dangote’s production facilities and reduce transport costs, according to Devakumar Edw... |
Pioneer Cement signs limestone development agreement in Georgia02 March 2020, Published under Cement NewsRaysut Cement's UAE subsidiary, Pioneer Cement, has signed an agreement for the development of a limestone mine in Georgia. Under the 10-year deal SFL International will pay a royalty to Pioneer Cement for mining the limestone deposits. Pioneer Cement owns the concession to limestone mines in Georgia where it is currently set to construct a 1.2Mta cement plant. The plant will be located near Tbilisi, adjacent to the limestone mines. The value of the project is estimated at US$200m. Georgi... |
Cementos Molins reports 5% rise in net profit for 201928 February 2020, Published under Cement NewsCementos Molins posted a consolidated net profit of EUR90m in 2019, up five per cent YoY. EBITDA increased five per cent YoY to EUR49m. However, the depreciation of the Argentine peso and the hyperinflation in the Latin American country impacted the results. Excluding this, consolidated net profit growth would have been 16 per cent while EBITDA would have advanced by 13 per cent, said the company in a statement. The company achieved a turnover of EUR797m, reporting a four per cent YoY incr... |
LafargeHolcim's FY19 net sales total CHF26.7bn27 February 2020, Published under Cement NewsLafargeHolcim's reported that its FY19 net sales reached CHF26.72bn (US$27.49bn), up 3.1 per cent on a like-for-like basis compared to the prior year, driven by good growth in Europe and North America, good price dynamics across all business segments and higher prices in most markets. Recurring EBITDA amounted to CHF6,153m, up 6.5 per cent like-for-like for the full year, driven by good pricing, improvement in efficiencies and the company's Strategy 2022 'Building for Growth'. Record... |