Cement News tagged under: Weekly Newsletter
Cemento Polpaico invests US$60m to ensure Cerro Blanco continuity30 November 2021, Published under Cement NewsCemento Polpaico has submitted an environmental impact study (EIS) for the Cerro Blanco complex development to Chile’s Regional Directorate of the Environmental Assessment Service of the Metropolitan Region. The US$60m project plans the expansion of the mining exploitation of four existing limestone quarries. This would increase the exploitation areas and extend limestone extraction by 27 years, enabling the operational continuity of the Cerro Blanco Complex. The EIS includes several mod... |
PPC Barnet posts positive 1H21 results30 November 2021, Published under Cement NewsPPC Barnet in the Democratic Republic of Congo (DRC) announced that nearly 230,000t of cement were produced in the second quarter of 2021. The company operates a 1.2Mta integrated cement plant, representing a US$300m investment. Sales volumes in the key central market were up six per cent YoY. This has enabled the company to open warehouses in the central location of Kinkole, as well in Zongo, northern DRC, and Ilebo, southern DRC. Iqbal Omar, CEO of PPC Barnet DRC, said: “These first si... |
Cementos Progreso to increase its regional presence30 November 2021, Published under Cement NewsGuatemala-based Cementos Progreso (CEMPRO) is seeking to increase its participation in the regional market. Following the investment made at its San Gabriel plant in San Juan Sacatepéquez, the Guatemalan company is exploring various investment areas in Central America, according to a company spokesperson. It recently entered the Belize and Panama markets and strengthened its participation in Honduras where they hold a leading position. The firm also has presence in Colombia (South America). ... |
Cemento Cosmos to stop Cordoba kiln29 November 2021, Published under Cement NewsCemento Cosmos, part of Brazil-based Votorantim Cimentos, is stopping the kiln at its Córdoba plant in Spain in 2022 due to high energy costs. The plan is to “significantly” reduce clinker production with temporary shutdowns over the next year, reports Diario Córdoba. While clinker will no longer be produced at the Córdoba plant, cement production will continue, using clinker from other group plants, possibly from the Cementos Balboa plant in Badajoz, which was purchased earlier this year. ... |
Breedon Group sees revenue of GBP1045m in the 10M2124 November 2021, Published under Cement NewsUK-based Breedon Group has reported a revenue of GBP1,045m in the first 10 months of the year, up 31 per cent against the same period in 2019, according to its November trading update. On a like-for-like basis, revenue increased 15 per cent from the 10M19 period. “Breedon has continued to benefit from strong end markets, with demand levels remaining encouraging across the group. Trends evident in the first half have persisted with momentum in residential housebuilding and infrastructure s... |
Cement sales in Vietnam advance 5% in October24 November 2021, Published under Cement NewsSales of cement in Vietnam have increased five per cent in October to 5,239,069t, according to the Vietnam National Cement Association (VNCA). VICEM sales edged up two per cent YoY to 1,739,204t in October 2021 while its affiliates saw sales slip by one per cent to 1,149,865t. Vietnam’s other cement producers reported a 10 per cent advance in sales to 2,350,000t. Total exports increased 17 per cent to 4,200,058t in October 2021. Clinker exports reached 2,905,874t while cement exports stoo... |
Colombian cement market expanded 3% in September23 November 2021, Published under Cement NewsCement consumption in Colombia edged up 2.9 per cent YoY to 1.164Mt in September 2021 from 1.131Mt in September 2020, according to the country’s statistics agency, DANE. When compared with September 2019, demand grew by 7.9 per cent from 1.078Mt. Bulk sales increased by 7.3 per cent YoY in September 2021 while bagged cement saw sales grow by one per cent. When compared with September 2019, bulk and bagged sales increased by 8.1 and 7.9 per cent, respectively. Sales growth was particularly... |
CRH sees 11% YoY increase in sales23 November 2021, Published under Cement NewsCRH’s cumulative nine-month sales to the end of September reached US$22.8bn, an increase of 11 per cent YoY and ahead seven per cent on a like-for-like basis. EBITDA was up 15 per cent YoY to US$3.9bn while EBITDA margin was up 50bps to 17.1 per cent. Third quarter sales remained ahead of the prior year across all divisions, with good demand in key markets. Americas Materials was primarily driven by improved pricing as volume growth was impacted by inclement weather, while Europe Material... |
PPC sees 20% YoY rise in revenue23 November 2021, Published under Cement NewsSouth Africa’s PPC Ltd has announced a 20 per cent YoY increase in revenue to ZAR5.13bn (US$324.5m) in the first half of the year, ended 30 September, compared with ZAR4.27bn in the year-ago period. The results were supported by a 12 per cent YoY rise in cement volumes. Group EBITDA advanced 13 per cent to ZAR945m from ZAR839m. Roland van Wijnen, CEO, said: "Team PPC delivered a solid performance, showing results from our efforts to reposition the business and ensure financial sustainabilit... |
Pakistan registers fall in exports during 4MFY21-2222 November 2021, Published under Cement NewsPakistan’s Federal Bureau of Statistics (FBS) reported a 38 per cent fall in exports in terms of dollar value and a 44.2 per cent decrease in export volumes in the 4MFY21-22 when compared with the year-ago period. The cement industry earned US$65.45m of export revenue by dispatching 1.804Mt of cement and clinker overseas, compared with US$105.54m from 3.233Mt of exports in the 4MFY21-22. In local currency terms, exports sales declined 37.6 per cent YoY to PKR10.89bn. In October 2021 alone, ... |