Cement News tagged under: Weekly Newsletter
Udaipur Cement Works starts clinker expansion project15 September 2021, Published under Cement NewsUdaipur Cement Works Ltd (UCWL) has started project activity for a brownfield expansion at its 1.6Mta site in Rajasthan. Due to the increasing domestic demand of cement and in view of government’s push towards infrastructure development, the company decided to double its clinker capacity. UCWL received the environmental clearance for the project from India's Ministry of Environment Forest and Climate Change (MoEFCC) in January 2021 and since then has placed order for machinery and... |
Brazil's cement sales expand in August14 September 2021, Published under Cement NewsCement sales in Brazil edged up 1.1 per cent YoY to 5.864Mt in August 2021, according to SNIC, the country’s cement association. However, when considering the number of days worked, domestic sales slipped by one per cent in August 2021. In the southeast, the largest market, sales increased by 1.7 per cent YoY to 2.711Mt from 2.665Mt in August 2020. However, in the northeast sales declined by 3.4 per cent YoY to 1.161Mt from 1.202Mt over the same period. In the south, sales advanced 7.2 per... |
Cement prices rise in Zimbabwe14 September 2021, Published under Cement NewsZimbabwe's construction sector appears to be on course for a revival, driven by public spending on infrastructure and private development. However, a recent increase in cement prices could restrict the recovery. On average, a 50kg bag, which ordinarily costs around US$10.50, is now around US$13. An intermittent supply of cement on the local market looks to be behind the high cement prices, according to The Herald. The price hike has resulted in a rise in cheap imports from the region, par... |
US and Puerto Rican Portland and blended cement market remains stable in June08 September 2021, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico remained stable at 10.1Mt in June 2021, according to the US Geological Survey (USGS). Texas, California, Florida, Ohio and Illinois – the leading cement-consuming states – accounted for 37 per cent of the US market. Output of Portland and blended cement in June 2021 was the highest in Missouri, California, Texas, Florida and Tennessee, which accounted for a combined share of 40 per cent of domesti... |
Nuvoco Vistas sees improvement in first quarter07 September 2021, Published under Cement NewsIndia’s Nuvoco Vistas Corp has recorded a consolidated net profit of INR1.14bn (US$15.58m) in the first quarter of the fiscal ending 30 June 2021, compared to an INR913.8m net loss in the year-ago period. Consolidated revenue from operations also surged to INR22.03bn from INR8.42bn in the 1QFY20-21. "In spite of the countrywide lockdown, the company achieved exceptional volume growth in the quarter ended 30 June 2021. With a thrust on innovation and premium products, leveraging synergy be... |
CBB sees 67% rise in profit07 September 2021, Published under Cement NewsChilean cement producer CBB (formerly known as Cementos Bío-Bío) reported a 13.9 per cent advance in revenues to CLP134.538bn in the first six months of 2021 from CLP118.124bn in the 6M20. The company’s profit attributable to shareholders increased by 66.7 per cent YoY to CLP7.205bn in the 6M21 from CLP4.323bn in the 6M20. In its cement business the company nearly quadrupled its operating profits, mainly from a low base as COVID-19 impacted cement dispatches in 2020. In its concrete bus... |
Argentina sees 18% demand increase in August06 September 2021, Published under Cement NewsIn August 2021 the Argentine market expanded by 18.2 per cent YoY to 1,083,914t from 917,233t in August 2020 while MoM there was a 3.9 per cent improvement in offtake, according to the Asociación de Fabricantes de Cemento Portland (AFCP). Cement dispatches from Argentina’s cement producers advanced 18.8 per cent YoY and 4.1 per cent MoM to 1,096,564t in August 2021 from 922,743t and 1,053,191t, respectively. Of this total, 1,083,914t were delivered to the domestic market, up by 18.2 per ... |
Odisha approves Jajpur cement projects06 September 2021, Published under Cement NewsThe state government of Odisha, India, has approved the proposal of My Home Industries Pvt Ltd to set up a 3Mta cement grinding unit at Badchana, Jajpur district. The project represents an investment of INR6.5bn (US$88.9m). Ramco Cements Ltd’s INR1.9bn project to expand its existing facility at Haridaspur, Jajpur district, with a 0.9Mta grinding plant was also cleared by the State Level Single Window Clearance Authority meeting. |
Cemento Polpaico sees revenues double in 1H2131 August 2021, Published under Cement NewsChile-based Cemento Polpaico reported a surge in consolidated revenues from CLP76,528m in the 1H20 to CLP152,376m in the 1H21. Profit before tax reached CLP9361m, reversing a loss of CLP8424m in the 1H20. Net profit reached CLP6833m in the 1H21, from a loss of CLP5862 in the 1H20. The results include the consolidation of Cementos Bicentenario. The company’s cement business saw its revenues increase to CLP148,644m in the 1H21 from CLP74,634m in the 1H20 while revenues in its sand business w... |
LafargeHolcim Maroc sees 66% rise in 2Q revenue31 August 2021, Published under Cement NewsLafargeHolcim Maroc saw a 66 per cent rise in revenues to MAD2078m (US$232.4m) in the second quarter of 2021 from MAD1252m in the 2Q20. The positive trend has been attributed mainly to the increase in sales across the board. In the first half of 2021 revenues increased by 26 per cent YoY to MAD4000m from MAD3185m in the 1H20. The company’s debt fell by 10 per cent YoY to MAD5952m at 30 June 2021. |