Cement News tagged under: Weekly Newsletter
Cementir reports significant revenue increases in Europe in 202213 March 2023, Published under Cement NewsCementir's regional results showed significant revenue increases in Turkey, Europe, US and Malaysian markets. However, cement sales were under pressure in most regions. Cementir ’s Danish sales revenues in 2022 reached EUR509.8m, up 23.2 per cent compared to EUR413.9m in 2021, due mainly to the rise in sales prices. Overall cement volumes decreased by six per cent compared to previous year. White cement exports declined by 29 per cent. Ready-mixed concrete volumes in Denmark fell by five... |
Gautam Adani sells off stake in Ambuja Cements13 March 2023, Published under Cement NewsGautam Adani is reportedly looking to sell a 4-5 per cent share in Ambuja Cements for around US$450m, according to the Financial Times. The move is designed to help lower debt levels and restore investor confidence in his conglomerate. This follows a report by US-based Hindenburg Research in late January 2023 alleging fraud and stock market manipulation by the Adani Group, which wiped US$145bn off the market value of the conglomerate’s listed companies. If the sale goes ahead, it will... |
BUA Cement's revenue increased by 40% in 202209 March 2023, Published under Cement NewsBUA Cement Plc of Nigeria reported that revenue increased by 40.3 per cent or NGN103.7bn (US$22 5.3m) in 2022 to NGN361bn from NGN257.3bn in 2021, given the combination of pricing activities and increased volume dispatched (including added volumes from the new Line 4 in Sokoto). Cement volumes in 2022 totalled 6.27Mt. The company's revenue per tonne increased by 21.2 per cent to NGN57,511/t in 2022 from NGN47,448/t, as at 2021. "This was due to pricing activities during the year," s... |
Breedon records revenue of GBP1396m in 202209 March 2023, Published under Cement NewsDuring 2022, Breedon Group Plc grew revenue by 13 per cent to GBP1396.3m (EUR1566.7m/US$1658.4m) in 2022 (2021: GBP1232.5m) and the company’s underlying EBIT rose by 16 per cent to GBP155m (2021: GBP133.6m). The company completed three strategically significant bolt-on acquisitions and increased its net capital expenditure to GBP102m (2021: GBP71m) as bottlenecks in the supply chain relaxed while reducing Breedon’s Covenant Leverage to 0.7x (2021: 0.8x). Volumes reduced in the... |
Dugongo Cimentos announces new plant09 March 2023, Published under Cement NewsDugongo Cimentos is building a new 6000tpd cement plant in Nacala-Porto, Nampula province, on the northern cost of Mozambique. The project is believed to cost US$192m, according to Macao News. The company currently runs a 2Mta integrated plant in Maputo province. The construction sector in Mozambique was estimated to be worth US$724.6m in 2021 with average annual growth of over four per cent forecast in 2023-26. |
Colombia's cement market contracts 4% in January08 March 2023, Published under Cement NewsColombian cement dispatches declined 3.5 per cent to 0.93Mt in January 2023 from 0.964Mt in January 2022, according to the country’s statistics office, DANE. When compared with January 2019 cement demand increased 1.4 per cent from 0.917Mt. The 3.5 per cent drop in dispatches was driven by the contraction in Antioquia (-9 per cent) and Nariño (-64.9 per cent). While bulk dispatches remained stable, bagged cement sales fell by five per cent YoY in January 2023. Bulk sales growth of 14.3 p... |
Fives to supply grinding unit for Xeuilley cement plant07 March 2023, Published under Cement NewsFives has been selected by Vicat for the modernisation of a grinding unit for the Xeuilley cement plant, France. The project involves the integration of a new FCB TSV™ 3600 THF classifier and a TGT ® filter with a filtration area of 2840m², a 550kW circulation fan and associated equipment to link with the existing circuit. The control and electrical equipment is also part of the order, except for the PLC program, which will be carried out by Vicat teams for standardisation purposes. Th... |
CRH proposes moving stock listing to New York06 March 2023, Published under Cement NewsCRH is considering moving its main stock market listing from London to New York. According to the company, around 75 per cent of its income comes from the North American market. In 2022 its materials business reported 15 per cent YoY growth in the Americas, with the US Infrastructure Investment and Jobs Act, Inflation Reduction Act and Chips Act all helping to fuel a boom in construction activity. "We would have higher levels of growth if we were to list our business in America. It'... |
CRH revenue up 12% YoY in 202203 March 2023, Published under Cement NewsCRH plc has reported a 12 per cent YoY increase in sales in 2022 to US$32.7bn. EBITDA over the same period advanced by 13 per cent to US$5.6bn, while the EBITDA margin is up 10bps to 17.2 per cent. Earnings per share (EPS) in 2022 improved by 14 per cent YoY at US$3.50. Commenting on the results, Albert Manifold, chief executive of CRH, said: “Our 2022 performance reflects the outstanding commitment of our people, the underlying strength and resilience of our business and the continued... |
Rohrdorfer starts CO2 capture plant02 March 2023, Published under Cement NewsANDRITZ partner Rohrdorfer has started up Germany's first amine-based CO 2 capture plant for cement plants at its main site in Upper Bavaria. This technology developed by ANDRITZ will prospectively make a considerable contribution to CO 2 reduction and thus to a sustainable circular economy. The special separation process recovers CO 2 as a basic material for a large number of valuable intermediate products for further use in hygiene and pharmaceutical products as well as in the beverag... |