Cement News tagged under: Weekly Newsletter
Spanish cement consumption grows by 9% in April17 May 2022, Published under Cement NewsSpanish cement consumption grew by 8.8 per cent in April to 1,346,704t, according Oficemen (Spanish Cement Association). This figure represents the recovery of 108,632t compared to the same month last year. The evolution of last month has allowed the recovery of 1.4 points in the accumulated growth of the first quarter, compared to March. This indicator now stands at 4.8 per cent, which represents, in absolute values, a consumption of 4,787,803t, approximately 220,000t more than in the... |
New cement and clinker plants for Burundi16 May 2022, Published under Cement NewsBurundi company Intracom is finalising the process to set up clinker and cement plants in Kigoma, according to the Daily News. The cement plant will have a capacity of 0.6Mta while the clinker plant will have a 1Mta capacity. The new plants are expected to meet demand in the Lake Tanganyika region as well as Rwanda and the Democratic Republic of Congo (DRC). “The main cement customers are in Kigoma and we will export to countries around the Lake Tanganyika corridor,” said Rubenga Samson, I... |
Robust demand and pricing support 23% revenue advance for Titan in 1Q2212 May 2022, Published under Cement NewsTitan Cement International SA has announced a 22.6 per cent YoY increase in revenue to EUR454.6m in the opening quarter of 2022. This has been attributed to strong pricing across all products and countries, and resilient demand. EBITDA over the same period came in at EUR46.4m, down 17.3 per cent YoY as the phasing in of higher prices only gradually absorbed the increase in energy and input costs. According to the company, further price increases have already been announced in most markets ... |
HeidelbergCement reports on a difficult 1Q2212 May 2022, Published under Cement NewsHeidelbergCement recorded sales volumes in most business lines around the same level of the previous year in the 1Q22. At 28.4Mt (previous year: 28.4Mt), group-wide cement and clinker sales volumes remained at the previous year’s level. The consolidation-related decline in sales volumes in North America resulting from the sale of the group's activities in the west region in October 2021 was offset by the growth in sales volumes in the other group areas. Excluding consolidation effects, cem... |
Carbon Clean raises US$150m in latest round of funding12 May 2022, Published under Cement NewsCarbon Clean has closed the largest-ever equity funding round for a point source carbon capture company with US$150m raised from existing investor Chevron. Chevron led the round alongside Cemex Ventures, Marubeni Corp and WAVE Equity Partners, as well as new investors, including AXA IM Alts, Samsung Ventures, Saudi Aramco Energy Ventures and TC Energy. So far, Carbon Clean has raised US$195m, having closed its US$30m Series B investment round in August last year. This new funding will h... |
Brazilian cement sales down 3% in April11 May 2022, Published under Cement NewsCement sales in Brazil slipped 2.8 per cent in April 2022 to 5.138Mt from 5.288Mt in April 2021, according to the national cement association, SNIC. The association attributed the drop in sales to geopolitical instability as well as internal factors such as record household debt, high interest rates and the highest inflation recorded in 27 years. However, there are positive trends to be seen. Brazil’s unemployment rate is stabilising at 11 per cent, according to IBGE, Brazil’s statistics... |
Inflationary pressures impact Argos results in the 1Q2211 May 2022, Published under Cement NewsArgos ( Grupo Argos ) reports its 1Q22 generated record revenues of COP2.6trn (US$637.8m), up 11.2 per cent, and EBITDA of COP359bn, 17.8 per cent lower than in the 1Q21, mainly due to higher inflationary pressures that impacted costs associated with raw materials, energy, freight, and operational maintenance. The company highlights the very good price performance in all regions, which is expected to mitigate the impact of inflation on costs going forward. Cement volumes remained stable a... |
Colombian cement market expands 6% in March10 May 2022, Published under Cement NewsGrey cement dispatches in Colombia increased 5.7 per cent to 1.257Mt in March 2022 from 1.189Mt in March 2021, according to the country’s statistics office, DANE. When compared with demand in March 2020, they were up 70 per cent from 0.74Mt. Bulk sales increased by 6.9 per cent YoY while bagged sales saw a more moderate growth of 5.2 per cent in March 2022. Sales to the ready-mix concrete segment saw a 10.1 per cent hike while retail sales increased 6.2 per cent YoY. However, construction ... |
Dangote volumes up 4% in 1Q2206 May 2022, Published under Cement NewsDangote has reported a 24.2 per cent YoY increase in group revenue to NGN413.2bn (US$995.4bn) in the opening quarter of 2022. Group EBITDA over the same period advanced by 18.6 per cent to NGN211bn giving a margin of 51.1 per cent. Sales volumes for the group fell by 3.6 per cent YoY to 7.2Mt as operations relying on cement and clinker imports, namely Ghana, Sierra Leone and Cameroon, were disrupted by global supply chain issues. Profit after tax in the 1Q22 advanced by 18 per cent YoY to re... |
Cementir reported 1Q22 EBITDA of EUR60.7m06 May 2022, Published under Cement NewsCementir 's EBITDA amounted to EUR60.7m in the 1Q22, an increase of 26.2 per cent compared to EUR48.1m in the 1Q21, following better results achieved to varying degrees in almost all the regions driven to a large extent by the revenue increase as described above. In the first three months of 2022, cement and clinker sales volumes of 2.4Mt were up 1.8 per cent compared to 2021. The increase is attributable to the positive performance of Belgium, Denmark and the United States despite the dec... |