Cement News tagged under: Weekly Newsletter
East African Portland Cement narrows half-year loss01 March 2022, Published under Cement NewsKenya-based East African Portland Cement Co , owned by Holcim , has narrowed its half-year loss to KES907.1m (US$8m) in the six months to December 2021 from KES1.035bn in the equivalent period of the previous year. This was achieved despite a decline in the company’s revenues to KES967.7m in the 1HFY21-22 from KES1.4bn in the 1HFY20-21. The company attributed the improved loss result to a cost containment drive. Administration and selling expenses were down by nearly two per cent to KE... |
CRH prepares Ukraine business contingency plans28 February 2022, Published under Cement NewsIreland-based CRH has prepared contingency plans to address the fallout of Russia’s invasion into Ukraine. The company is closely monitoring the situation in the country as it has the largest Ukrainian exposure of any Irish business. CRH entered Ukraine in 1999 through the acquisition of PJSC Podilsky Cement . In the 2011-2013 period, the company expanded its presence through the acquisition of JSC Mykolaiv Cement in Mykolaiv and Cement LLC in Odessa. In late 2021 CRH rebranded i... |
HeidelbergCement reports robust 2021 results despite high energy prices24 February 2022, Published under Cement NewsGermany-based HeidelbergCement posted a 6.3 per cent rise YoY and an eight per cent like-for-like (LfL) rise in revenues to EUR18,720m in 2021 (2020: EUR17,606m). The result from current operations before depreciation and amortisation (RCOBD) was up 4.5 per cent (LfL 5.9 per cent) to EUR3875m when compared with EUR3707m in 2020. The result from current operations (RCO) saw a 10.6 per cent YoY hike and a 12 per cent LfL increase to EUR2614m. The additional ordinary result amounted to EUR4... |
Afyon Cimento increases turnover by 53% in 202124 February 2022, Published under Cement NewsÇimsa 's subsidiary Afyon Çimento increased its turnover in 2021 by 53 per cent compared to the previous year, from TRY270m (US$19.5m) to TRY413m. Net profits rose from TRY17m to TRY77m with an increase of 351 per cent. Çimsa General Manager, Umut Zenar, said, "Despite the changing world order as of 2020 and the economic conditions affected by this, we achieved successful fi nancial results in 2021. As Afyon Cement, we strengthen our in fl uence in the domestic market with our ex... |
Benin to build 1.6Mta cement plant24 February 2022, Published under Cement NewsThe government of Benin plans to build a cement plant with 5000tpd clinker capacity and 1.6Mta of cement capacity. The new plant will have an option to expand its cement capacity to 3Mta. Benin’s Council of Ministers announced on 23 February 2022 the completion of preparatory studies for the construction project of a cement plant. "The Council has shown itself to be in favour of entering into a contract with a specialised group, with a view to carrying out preparatory studies for a project... |
Votorantim expands its operations in northeast Brazil23 February 2022, Published under Cement NewsVotorantim Cimentos has opened a new distribution centre in the municipality of Crateús, reinforcing its presence and logistics in the markets of Ceará and Piauí, Brazil. The Ceará distribution centre is located 350 km from Fortaleza, and will expand the service and distribution capacity of Cimento Poty and the Votomassa line of adhesive mortars in the centre-south, south, Sertões Cearenses, Baixo Jaguaribe, Médio Curu and Ipu regions. The Crateús DC has a distribution capacity ... |
Buzzi Unicem launched CGreen in Germany and Italy23 February 2022, Published under Cement NewsBuzzi Unicem has launched the new product line called CGreen, a family of CO 2 efficient cements, on the Italian and German markets. CGreen marks the natural evolution of Buzzi Unicem's hydraulic binders, continuing in the footsteps of a long tradition of high-quality, high-performance products. The CGreen line was developed by selecting suitable active additions, partially replacing clinker, optimising grinding and mixing conditions and using new generation additives, at the same ... |
GCC to modernise Samalayuca plant22 February 2022, Published under Cement NewsGCC has signed an EPC contract with thyssenkrupp Polysius to upgrade the pyroprocess system, at its Samalayuca plant , to increase the clinker production capacity, increase the usage of alternative fuels and substantially reduce emissions in Samayaluca, Mexico. The project involves the engineering, supply and modification of the preheater including cyclones an extension of the calciner, as well the installation of a prepol ® SC-S to increase the utilisation of alternative fuels. T... |
Argos reports consolidated EBITDA of COP2.16bn in 202121 February 2022, Published under Cement NewsArgos, Grupo Argos' cement company , reported a consolidated EBITDA of COP2.16bn (US$55m) at the end of 2021, representing an increase of 34 per cent compared to 2020 and the highest in the company's history. The annual EBITDA margin stood at 22 per cent, the highest since 2005, when the cement company began its internationalisation process. Accumulated revenues as of 31 December 2021 reached COP9.8bn, a YoY increase of 9.1 per cent. Argos shipped 17.1Mt of cement and 7.8Mm 3 of ready... |
Ambuja Cements record 23% net sales YoY growth in full year 202118 February 2022, Published under Cement NewsAmbuja Cements (Holcim group) reports net sales for the full 2021year stood at INR 137,940m (US$1.83m) compared to INR 111,750m in the previous year, registering a growth of 23 per cent YoY supported by strong growth in sales volumes and product mix. However, total operating cost per tonne increased by three per cent during the year. Operating EBIT stood at INR 26,560m compared to INR 21,250m, recording a strong growth of 25 per cent YoY. Net sales during the quarter s... |