Cement News tagged under: Weekly Newsletter
Holcim closes Brazilian deal07 September 2022, Published under Cement NewsHolcim has closed the sale of its business in Brazil to CSN (Companhia Siderúrgica Nacional) for an enterprise value of US$1.025bn. The deal was closed following approvals from Brazilian authorities. This transaction includes Holcim’s five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities. Latin America remains a core strategic growth region for Holcim, according to the group. In the first half of 2022 Holcim completed a new ceme... |
Sweden receives EU funding to tackle climate neutrality06 September 2022, Published under Cement NewsUnder the European Commission’s Just Transition Fund (JTF) Programme, Sweden is to receive EUR155.7m in EU grants to support its journey to climate neutrality by 2045. The JTF support will reportedly help Sweden transition to climate neutrality, while maintaining competitiveness and sustaining economic and employment levels in the counties of Norrbotten, Västerbotten and the island of Gotland. The funding will also support targeted investments to reduce greenhouse gas emissions in activities... |
Ethiopian investor plans US$1bn cement plant24 August 2022, Published under Cement NewsWorku Ayetenew, a wealthy Ethiopian investor, wants to build a US$1bn cement plant. Mr Ayetenew is seeking a partner for the new cement factory, while he has already requested to lease 150ha of land for the construction of the plant, which is located around Dejene town, Amhara National Regional State, 230km away from the capital. Six companies have already been shortlisted by the company to pick suppliers for the design, supply, construction, erection and commissioning of the plant. “We hav... |
Adbri increases revenue by 8% in 1H2224 August 2022, Published under Cement NewsAdbri ’s revenue increased to NZD812.4m (US$501.4m) in the 1H22, up eight per cent on 1H21 driven primarily by strong construction and mining sector demand and improved pricing across most products, said the company. Underlying net profit after tax decreased 1.3 per cent to NZD54.3m. Results were impacted by operational challenges associated with extreme wet weather events on the east coast of Australia, anticipated lower lime volumes, higher raw materials, shipping, transport, power and f... |
Colombian cement market expands 4% in June23 August 2022, Published under Cement NewsColombia’s cement demand advanced 4.2 per cent in June 2022 to 1.117Mt from 1.072Mt in June 2021, according to the country’s statistics office, DANE. When compared with June 2019, cement dispatches were up 14 per cent from 0.979Mt. Cement production increased 7.3 per cent YoY to 1.189Mt in June 2022 when compared with output of 1.108Mt in June 2021. When compared with June 2019, cement production increased 15.9 per cent from 1.026Mt. In June 2022 ready-mix concrete companies increased th... |
Brazil's cement sales decline by 7% in July22 August 2022, Published under Cement NewsCement sales in Brazil fell by 6.6 per cent YoY to 5.51Mt in July 2022 from 5.899Mt in July 2021, according to the Brazilian cement association, SNIC. However, when considering dispatch per working day, the decrease is only 2.6 per cent YoY. Exports saw a 33.3 per cent drop to 28,000t in July 2022 from 42,000t in July 2021. January-July 2022 In the first seven months of 2022, domestic dispatches were down to 3.3 per cent to 36.094Mt from 37.334Mt in the 7M21. In addition, cement producer... |
UltraTech Cement announces fresh capex plans18 August 2022, Published under Cement NewsUltraTech Cement 's chairman, Kumar Mangalam Birla, addressed shareholders at the company's 22 nd Annual General Meeting (AGM) stating that the company’s Board of Directors approved fresh capex of INR128,860m (US$1623m) towards increasing capacity by 22.6Mta with a mix of brownfield and greenfield expansions. The additional capacity would be created across the country by setting up integrated and grinding units as well as bulk terminals. Commercial production from these new capacities is... |
Vietnamese cement consumption falls 27% in July18 August 2022, Published under Cement NewsCement consumption in Vietnam came in at 5.95Mt in July 2022, down 27 per cent compared to July 2021, according to data from the Department of Building Materials under the Ministry of Construction. Domestic consumption in July reached 4.85Mt while exports stood at around 1.1Mt. For the first seven months of 2022, cement consumption was an estimated 54.99Mt, a decline of 17 per cent YoY, with domestic consumption down three per cent over the same period to 36.84Mt. According to the Departm... |
Fuel and power costs soar in Nigeria17 August 2022, Published under Cement NewsDangote Cement and BUA Cement spent a combined NGN173.54bn (US$413.8m) on fuel and power in the first half of 2022, up 38.3 per cent on the same period a year earlier. Fuel and power accounted for 41.3 per cent of the total cost of sales reported by the two cement firms over the six-month period, according to Nairametrics. Taking each company in turn, Dangote spent NGN129bn on fuel and power in the first half of 2022, up 31.3 per cent YoY, causing the cost of sales to advance by 16.8 ... |
Votorantim Cimentos records strong performances in Brazil and North America in 2Q2215 August 2022, Published under Cement NewsVotorantim Cimentos’ regional results in the 2Q22 recorded strong revenues despite inflationary pressures. The domestic market of Brazil and operations in Europe, Asia and Africa were the highest performing areas with a decline in Latin American revenues. In Brazil net revenue was BRL3.2bn (US$620.2m) in the second quarter of 2022, a 24 per cent increase compared to the same period last year. Adjusted EBITDA in the quarter was BRL606m, down nine per cent from 2Q21 due to a drop in sa... |