Cement News tagged under: Weekly Newsletter
Brazil's cement market expansion decelerates in July11 August 2021, Published under Cement NewsCement sales in Brazil remained almost level in July 2021 at 5.9Mt, representing a 0.1 per cent YoY increase from 5.897Mt in July 2020, according to SNIC, the industry’s professional body. All regional markets, except for the South, showed small to moderate contractions. In the South sales were up 9.9 per cent to 1.019Mt, but at the other end of the spectrum sales in the Northeast, the country’s second-largest market, were down four per cent to 1.158Mt. The key Southeast market contracted ... |
Votorantim Cimentos records sales volume growth of 31% in 2Q2111 August 2021, Published under Cement NewsVotorantim Cimentos’ sales volume rose to 9.8Mt in 2Q21 compared to 7.5Mt in 2Q20, a growth of 31 per cent. Strong sales were recorded on all countries of the company’s operations as a result of COVID-19 vaccinations and improving market dynamics in all regions. Osvaldo Ayres, Votorantim Cimentos’ chief financial officer, said: "The company's consolidated net revenue improved by 50 per cent, when compared to 2Q20, reaching BRL5809m (US$1107.1m) in 2Q21 mainly relating to higher volumes a... |
Lucky Cement reports consolidated earnings of PKR28.2bn for FY2110 August 2021, Published under Cement NewsPakistan-based Lucky Cement Ltd reported a consolidated profit after tax of PKR28.23bn (US$172.46m) against PKR 7.1317bn in the previous fiscal year. The company achieved a consolidated gross turnover of PKR267.73bn, which is 64 per cent higher as compared to last year’s turnover of PKR162.87bn. The PAT of the cement segment (holding company) grew by 3.21 times during the year under review due to improved margins and sales volumes. The increase in sales volumes was attributable to the ... |
Cemex to expand capacity at its Rockfort plant by 30%06 August 2021, Published under Cement NewsCemex plans to upgrade and increase the production capacity by 30 per cent of its Rockfort cement plant in Jamaica. This planned increase would strengthen the self-sufficiency of the national cement industry, reduce dependency on cement imports and reinforce CCCL’s ability to serve the growth of the construction sector in Jamaica and the Caribbean. Cemex anticipates that once this planned expansion is finished, CCCL will increase its existing cement production capacity by approximately... |
Bolivia's cement market expands 125% in May03 August 2021, Published under Cement NewsBolivian cement demand advanced 125 per cent to 295,026t in May 2021 when compared with the low base of 131,101t in May 2020, according to Bolivia’s statistics office, INE. When compared with May 2020, it contracted by 6.4 per cent from 309,393t in May 2019. Output from domestic cement producers surged 92.8 per cent to 307,004t in May 2021 from 159,201t in the year-ago period. When compared with May 2019, it slipped 2.6 per cent from 315,293t. January-May 2021 Cement consumption reached ... |
Bamburi Cement Ltd changes to Bamburi Cement PLC03 August 2021, Published under Cement NewsKenya-based Bamburi Cement Ltd has changed its name to Bamburi Cement PLC in compliance with the Companies Act 2015 following shareholders’ approval on 10 June 2021. The name change follows registration of the new name in line with provisions of the Section 53 of the Companies Act 2015, that requires companies that are both a limited company and a public company to be registered with a name that ends with 'public limited company' or the abbreviation 'plc'. 'The change of name applies only... |
Holcim Brazil asset sale expected02 August 2021, Published under Cement NewsLafargeHolcim (Holcim group) is understood to be considering the sale of its assets in Brazil and CSN Cimentos, Cimentos Mizu and Cement Apodi (Titan Cement joint venture) are believed to be among the potential bidders. A report by Reuters says, Holcim would be looking for proceeds if US$1-1.5bn from the sale. Reuters spoke to two people said to be in the know about the potential sale and bidders. The sale is likely to see several of the named Brazilian cement producers set to acquire par... |
Ambuja Cements plans 1.5Mta Ropar expansion02 August 2021, Published under Cement NewsIndia’s Ambuja Cements has announced plans to expand capacity at its Ropar plant in Punjab over the next two years, representing an investment of INR3.1bn (US$41.68m). The 1.5Mta project is expected to be completed by June 2023 with the grinding unit reaching a total capacity of 4.5Mta. "We are optimistic about the growth in demand for cement in India. The expansion of our Ropar unit along with more investment in the coming years will help us unlock fresh opportunities by debottlenecking e... |
Cementir sees 1H net profit rise of 140%30 July 2021, Published under Cement NewsCementir reported a 16.5 per cent rise in revenues for the first half of 2021 to EUR664.5m from EUR570.4m in the 1H20. The increase reflects an 18.7 per cent rise in the sales of grey and white cement and clinker to 5.457Mt, a 31.4 per cent increase in ready-mix concrete sales to 2.515Mm3 and a 12.2 per cent uptick in aggregates sales to 5.211Mt when compared with the 1H20. EBITDA increased by 36.6 per cent to EUR133.5m in the 1H21 from EUR97.8m in the year-ago period. Group net profit adv... |
US Portland and blended cement market expands 6% in May29 July 2021, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico advanced 5.6 per cent to 9.2Mt in May 2021 when compared with May 2020, according to the US Geological Survey (USGS). Cement consumption was the highest in Texas, California, Florida, Ohio and Georgia – combined these five leading states consumed 37 per cent of May shipments. In terms of leading Portland and blended cement-producing states, Missouri, California, Texas, Florida and Michigan accounted for 39 per cent of ... |