Cement News tagged under: Weekly Newsletter
Brazilian cement market contracts 9% in January17 February 2022, Published under Cement NewsTotal cement sales in Brazil (including exports) declined by 8.6 per cent YoY to 4.6Mt in January 2022, according the country’s cement association, SNIC. When compared with December 2021, sales were down 3.7 per cent. In terms of sales per working day, sales fell 10.8 per cent YoY and 3.9 per cent MoM to 197,400t. SNIC attributed the fall to the worsening of the country’s economic situation and health issues (the new COVID-19 variant Omicron and influenza). The rise in inflation and intere... |
Societe de Ciment de Cote d'Ivoire sees inauguration second plant17 February 2022, Published under Cement NewsCôte d’Ivoire’s Prime Minister, Jérôme Patrick Achi, has inaugurated the second cement plant of Société de Ciment de Côte d’Ivoire in Yopougon’s industrial zone in Abidjan. The new unit has a capacity of 1.5Mta and effectively doubles the company’s existing capacity. It will use latest-generation production technology that takes into account environmental requirements. In terms of employment the new works creates more than 3000 direct and indirect jobs. The Prime Minister thanked the... |
Vicat reports 29% rise in consolidated net income in 202116 February 2022, Published under Cement NewsVicat saw its consolidated sales advance by 11.3 per cent to EUR3123m in 2021 from EUR2805m in 2020. At constant scope and exchange rates the increase was 16.2 per cent. EBITDA was up 11.1 per cent and 14.5 per cent like for like (LfL) to EUR619m in 2021 from EUR557m in the previous year. However, the EBITDA margin slipped from 19.9 per cent in 2020 to 19.8 per cent in 2021. Consolidated net income increased by 29.1 per cent (31.8 per cent LfL) YoY to EUR222m from EUR172m in 2020, with... |
Cementos Pacasmayo sees 40% rise in sales volumes in 202115 February 2022, Published under Cement NewsSales volumes of cement, concrete and prefabricated products of Peru-based Cementos Pacasmayo fell 6.2 per cent in the 4Q21 when compared with the 4Q20. Income was up 10.4 per cent as cement and concrete prices increased in line with inflation and by a change in the sales mix, favouring cement and concrete at better prices. Consolidated EBITDA increased 10.5 per cent to PEN141.5m YoY, but the EBITDA margin remained stable at 27 per cent when compared with the 4Q20. Net profit advanced 8.6... |
Argos transitions to PLC production at three US terminals15 February 2022, Published under Cement NewsArgos is announcing that its Roberta plant in Alabama, USA as well as its Wilmington, Statesville, and Durham terminals in North Carolina will transition their production and distribution to Portland limestone cement (PLC) by the end of the 2Q22. This transition to PLC, a lower CO 2 -intensive cement is part of the group’s overall sustainability strategy to produce this type of cement at all its plants in 2023. Argos PLC Type IL is a high-quality blended cement, engineered to deliver a ... |
Cemex reports double-digit EBITDA growth in FY2111 February 2022, Published under Cement NewsCemex announced strong results for the FY21 with double-digit EBITDA growth, the highest in more than a decade, coupled with a similar increase in sales, driven by higher volumes and robust pricing in all core products in all regions. EBITDA margin increased 0.8 percentage points in the year, despite headwinds in energy and import costs. CO 2 emissions declined 4.4 percentage points, the largest annual decline the company has ever achieved. Net sales increased 14 per cent to US$14... |
Tokyo Cement (Lanka) reports 20% increase in revenues10 February 2022, Published under Cement NewsTokyo Cement Group reported a 20 per cent advance in its turnover to LKR13.771bn (US$68.1m) for the third quarter ended 31 December 2021 when compared with LKR11.456bn in the 3QFY21-22. Profit for tax during the 3QFY21 grew by 38 per cent YoY to LKR1.986bn in the 3QFY21-22. Profit after tax reached LKR1.649bn, up from LKR1.303bn in the 3QFY20-21. However, sales volumes fell by three per cent as the company saw shortfalls in the supply chain, including the breakdown of a cement mill for m... |
Cementir records 11.2Mt of cement and clinker sales in 202109 February 2022, Published under Cement NewsDuring 2021, Cementir’s cement and clinker sales volumes reached 11.2Mt, up 4.1 per cent compared to 2020 thanks to a favourable trend in all countries. Sales volumes of ready-mixed concrete, equal to 5.1Mm 3 , increased by 14.8 per cent mainly due to Turkey and, to a lesser extent, Denmark and Norway. In the aggregates segment, sales volumes reached 11.1Mt, up 8.1 per cent. Group revenue set the historical record of EUR1360m, up 11 per cent compared to EUR1224.8m in 2020.... |
Bolivian demand down 14% in October, up 8% in November09 February 2022, Published under Cement NewsBolivia’s cement market contracted by 13.8 per cent YoY to 329,982t in October 2021 but when compared with October 2019, the decline in demand was 13.1 per cent, according to the country’s statistics agency, INE. However, domestic cement sales were up 7.7 per cent to 369,238t in November 2021 when compared with the previous year and by 30.3 per cent when compared with November 2019. In terms of production, domestic producers reduced output by 7.5 per cent YoY in October 2021 to 361,070t an... |
Colombia cement deliveries up 7% in December08 February 2022, Published under Cement NewsColombian cement sales increased by 7.6 per cent YoY to 1.135Mt in December 2021 from 1.054Mt in December 2020, according to the country’s statistics office, DANE. Of this total bulk sales were up 18.2 per cent while bagged cement saw a 3.5 per cent expansion. Sales to ready-mix concrete companies were up 17.9 per cent while retail sales grew by 5.1 per cent YoY. However, construction companies and contractors reported a 5.2 per cent decline in offtake. Output from domestic cement plants... |