Cement News tagged under: Weekly Newsletter
Adelaide Brighton sees revenue down 8% in 201927 February 2020, Published under Cement NewsAustralia’s Adelaide Brighton Ltd has reported a 74.5 per cent YoY fall in net profit to AUD47.2m (US$31.1m) for 2019, decreasing from AUD185.2m in the previous year. Revenue also declined 7.5 per cent to AUD1.517bn from AUD1.630bn. The company’s EBITDA was down 23 per cent to AUD271.6m from AUD352.8m in 2018. "In 2019, construction materials markets softened on the eastern seaboard of Australia, particularly in Queensland and New South Wales – driven by an oversupply of multi-residential ... |
Peruvian cement consumption increases 2% in January 202027 February 2020, Published under Cement NewsPeru’s cement market expanded 2.1 per cent YoY to 946,000t in January 2020 from 927,000 in the year-ago period, according to the country’s cement association, Asocem. In the prior 12 months (including January 2020) consumption rose by 4.7 per cent YoY to 11.728Mt. In January 2020 domestic cement production increased three per cent YoY but fell 9.4 per cent MoM to 830,000t while in terms of clinker production, volumes were up 12.3 per cent YoY and slipped 10 per cent MoM to 713,000t. Ceme... |
Cement consumption in Brazil slips 1% in January 202026 February 2020, Published under Cement NewsCement sales in Brazil slipped 0.9 per cent YoY to 4.5Mt in January 2020, according to the country’s cement association, SNIC. Apparent cement consumption, which includes imports and domestic sales, totalled 4.5Mt, representing a 1.3 per cent decline when compared with January 2019. SNIC attributes the marginal drop to poor performance in the north, where sales contracted 4.8 per cent YoY, and the south, which saw a 3.2 per cent fall. In both cases, it blamed the heavy rains that hit the r... |
TÇMB re-elects chairman and announces export success26 February 2020, Published under Cement NewsThe Turkish Cement Manufacturers’ Association (TÇMB) has re-elected Dr Tamer Saka as its chairman, with Dr Saka having already served in the role since July 2019. Following his re-election, Dr Saka highlighted the successes of the country’s cement export industry in 2019. "The total export of clinker and cement in 2019 increased 68 per cent and realised as 23Mt. The total export value of the Turkish cement sector became US$877m, with a 44 per cent increase YoY. We are exporting to more than... |
Cementos Argos sees 11% rise in revenue for 201925 February 2020, Published under Cement NewsColombia’s Cementos Argos saw a 11.4 per cent YoY rise in consolidated revenue to COP9.3trn (US$2.71bn) in 2019. EBITDA increased 14.3 per cent YoY to COP1.75trn, while its operating income advanced 1.7 per cent to over COP838bn. However, the company's net profit declined 31.7 per cent to COP122bn from COP179bn in 2018. The fall was attributed to a US$9m US tax provision relating to its successful asset divestment plan, according to a press release. Cementos Argos dispatched 16Mt of cemen... |
ACC and Ambuja Cement announce new MDs & CEOs25 February 2020, Published under Cement NewsACC (LafargeHolcim group) has appointed Sridhar Balakrishnan as its new managing director and chief executive officer for five years effective from 21 February 2020. Mr Balakrishnan will be taking over the position from Neeraj Akhoury, who has resigned with effect from close of business hours of 20 February 2020. Mr Akhoury will take over the role of MD and CEO of Ambuja Cements from 21 February 2020 but will continue as a non-executive member of ACC's board of directors. Meanwhile, Bimlen... |
Cemex announces new climate action strategy20 February 2020, Published under Cement NewsCemex has announced a new Climate Action Strategy to outline the company's vision to advance towards a carbon-neutral economy and to address society's increasing demands more efficiently. To date Cemex has reduced its specific CO 2 emissions by more than 22 per cent compared to the company's 1990 baseline. Now it has defined a more ambitious target of a 35 per cent reduction of specific net CO 2 emissions by 2030. This way the goal is aligned with the Science-Based Targets methodology, a ... |
Heavy rains impact Brazil's January cement sales performance19 February 2020, Published under Cement NewsCement sales in Brazil during January 2020 fell by 0.9 per cent YoY to 4.5Mt as heavy rains in the north and southeast impaired performance, the National Union of the Cement Industry (SNIC) has said. When based on the number of working days, domestic sales were also down by 0.9 per cent compared to January 2018. Apparent cement consumption (ie, domestic sales plus imports) totalled 4.5Mt in the first month of 2020, down by 1.3 per cent YoY. The result is a reflection of poor performances... |
MPA wins GBP6.02m from BEIS for CO2 reduction trials19 February 2020, Published under Cement NewsThe Department for Business, Energy and Industrial Strategy (BEIS) has awarded the Mineral Products Association (MPA) GBP6.02m (EUR7.24m) for ground-breaking demonstrations of hydrogen and plasma technology to reduce CO 2 from cement and lime production. The cement trials will take place at sites operated by Tarmac and Hanson Cement in the UK. The cement production trial comprises two demonstrations, one of electrical plasma energy and biomass fuel and the other of hydrogen and biomas... |
The 15th Cemtech MEA opens in Dubai18 February 2020, Published under Cement NewsThe 15th Cemtech MEA conference and exhibition has opened at the Grand Hyatt Dubai, UAE. Thomas Armstrong, managing editor of ICR, started proceedings by welcoming delegates to Dubai and also provided an update on the cement markets of the GCC. The GCC markets are currently facing the issue of large-scale oversupply, with the region hitting a peak demand level in 2015. Total capacity increased to 157Mta in 2018 from 110Mta in 2010, while consumption is currently at around 73Mta. However, ... |