Cement News tagged under: Weekly Newsletter
Buzzi Unicem records 9M21 cement sales of 23.4Mt09 November 2021, Published under Cement NewsBuzzi Unicem SpA has reported a 7.5 per cent rise in cement sales volumes in the first nine months of 2021, increasing to 23.36Mt from 21.72Mt. Consolidated net sales stood at EUR2541.7m (US$2938m), up 5.6 per cent against EUR2408m in the 9M20. The unfavourable variances in exchange rates had an impact of EUR85.2m. On a like-for-like basis, turnover would have increased by 9.1 per cent, according to the group. During the summer quarter, the performance of demand was favorable especiall... |
Cementos Argos announces 5% increase in 3Q revenue09 November 2021, Published under Cement NewsCementos Argos has posted consolidated revenues of COP2489bn (US$641.82m) in the third quarter of 2021, up 5.3 per cent YoY, favoured by the positive evolution of volumes and prices. Adjusted EBITDA also increased 2.4 per cent YoY to COP473bn from COP462bn in the 3Q20. The positive EBITDA evolution was mainly attributed to the performance of Colombia, in a combination of better market environment and commercial efforts to increase the company’s exposure to the retail segment. Cost headwind... |
Semapa reports 68% climb in profit08 November 2021, Published under Cement NewsPortugal’s Semapa has recorded a net profit of EUR122.2m (US$141.17m) in the first nine months of 2021, up 68 per cent on EUR72.8m in the 9M20. The group’s consolidated turnover rose 4.7 per cent YoY to reach EUR1515.3m, with EUR366.7m contributed by Secil (-3.5 per cent YoY). EBITDA from the cement segment remained largely consistent at EUR107.3m (-0.1 per cent YoY). |
HeidelbergCement sees 7% rise in revenue for 9M2104 November 2021, Published under Cement NewsHeidelbergCement has posted a seven per cent YoY increase in revenue to EUR13.996bn (US$16.17bn) for the first nine months of the year, against EUR13.14bn in the year-ago period. The result from current operations before depreciation and amortisation (RCOBD) grew by six per cent to EUR2.896bn from EUR2.731bn. “HeidelbergCement has achieved a good result in the first nine months of 2021. The general conditions in the third quarter were very challenging due to the exceptionally high year-on-... |
Vicat posts 9M21 consolidated sales up 4% YoY04 November 2021, Published under Cement NewsVicat reported consolidated sales in the third quarter of 2021 of EUR794m, up 4.2 per cent YoY on a reported basis and up 19.7 percent at constant scope and exchange rates when compared with the 3Q20. “This performance confirms the strength of the Group’s business trends in a quarter when the basis of comparison was highly unfavourable in France, the Americas and India. Last year, activity in the third quarter of 2020 was boosted by a catch-up in these regions after the pandemic had taken ... |
Summit Materials posts 3% improvement in revenue04 November 2021, Published under Cement NewsUS-based Summit Materials has announced its third quarter results for 2021, recording an 18.2 per cent YoY decrease in net income to US$74.2m from US$90.7m in the year-ago period. However, net revenue improved 2.6 per cent to US$662.3m from US$645.2m in the 3Q20, supported by higher aggregates, ready-mix concrete and cement revenue on continued favourable market demand conditions and price growth in all lines of business, according to a statement. Adjusted EBITDA also increased 7.3 per cen... |
Cementos Molins completes Calucem acquisition04 November 2021, Published under Cement NewsCementos Molins has successfully closed the acquisition of Calucem, announced in early August, following all regulatory approvals, according to the company. Julio Rodríguez, CEO of Cementos Molins, highlights: “I warmly welcome the Calucem team into the Cementos Molins family. Today marks a new and exciting milestone in the history of Calucem and Cementos Molins and, with this integration, we have excellent business development opportunities for a new step forward to our strategy of profit... |
US/Puerto Rican Portland and blended cement market expands 5% in August02 November 2021, Published under Cement NewsPortland and blended cement shipments in the USA and Puerto Rico, including imports, advanced 4.9 per cent YoY to 10.1Mt in August 2021, according to the US Geological Survey (USGS). The cement markets in Texas, California, Florida, Ohio and Illinois were particularly buoyant and accounted for 40 per cent of deliveries. Missouri, Texas, California, Florida and Michigan were the leading producing states. Masonry cement shipments totalled 212,000t in August, up 2.8 per cent YoY increase. The ... |
Dangote Cement records 34% rise in group revenue01 November 2021, Published under Cement NewsNigeria’s Dangote Cement has announced a 34.2 per cent YoY increase in group revenue to NGN1022bn (US$2.49bn) for the first nine months of the year, compared with NGN761.4bn in the year-ago period. Group EBITDA also surged 45 per cent YoY to NGN514.8bn from NGN355bn in the 9M20, with its EBITDA margin up to 50.4 per cent from 46.6 per cent. “Given the strong rebound in 3Q20 following the impact of COVID-19 in the first half of the year, volumes in 3Q21 were slightly lower than 3Q20, as a... |
Holcim sees another quarter of record profitable growth29 October 2021, Published under Cement NewsHolcim has recorded net sales of CHF7.29bn (US$7.99bn) for the third quarter of 2021, up five per cent on a like-for-like basis compared to CHF6.46bn in the year-ago period. A recurring EBIT increase of 4.7 per cent LfL to a record CHF1.53bn was primarily driven by strong pricing and good cost management, according to the company. "I’m pleased that we have achieved a record quarter of profitable growth once again. I congratulate my teams for their exceptional resilience as they continue to... |