Cement News tagged under: Weekly Newsletter
Vicat reports 20% rise in 1H consolidated sales28 July 2021, Published under Cement NewsVicat reported a 19.6 per cent increase in consolidated sales as they rose from EUR1.304bn in the 1H20 to EUR1.56bn in the 1H21. At constant scope and exchange rates the advance is 26.2 per cent YoY. The group enjoyed strong sales growth in the 1H21 as buoyant markets combined with a favourable basis of comparison. Business was hit particularly hard in the 2Q20, particularly in India and France, by the spread of COVID-19 and the governmental measures introduced to tackle it. Although the ... |
GCC reports 44% increase in 2Q net income28 July 2021, Published under Cement NewsGCC saw its consolidated net sales increased 18.1 per cent YoY to US$286.7m in the 2Q21 from US$242.8m in the 2Q20. EBITDA advanced 18.6 per cent YoY to US$97m in the 2Q21 from US$81.8m in the 2Q20. As a result, the EBITDA margin edged up from 33.7 per cent to 33.8 per cent over the same period. Net income increased 43.8 per cent to US$47.7m in the 2Q21 from US$33.2m in the year-ago period. In Mexico cement and ready-mix volumes increased 17.1 and 41.4 per cent, respectively. In the USA c... |
Holcim launches 'ECOPlanet' a global range of green cement28 July 2021, Published under Cement NewsHolcim has launched ECOPlanet, its global range of green cement delivering at least 30 per cent lower carbon footprint with equal to superior performance. ECOPlanet is available in Germany, Romania, Canada, Switzerland, Spain, France and Italy, and will be distributed across 15 countries in 2021, with the objective of doubling its market presence by the end of 2022 to enable low-carbon construction at scale. Jan Jenisch, Holcim's CEO: "I am excited to introduce ECOPlanet, the lat... |
Ambuja Cement records net sales of INR33.4bn26 July 2021, Published under Cement NewsAmbuja Cement recorded net sales of INR33.420bn (US$448.9m) in the April-June 2021 quarter 2021, up from INR21.450bn in the same period last year. Sales volumes for the 2Q21 reached 6.33Mt up from 4.19Mt in the 2Q20. EBITDA rose substantially in the 2Q21 to INR9600m, up 61 per cent from INR5950m recorded in the same period last year. Profit after tax amounted to INR7230m in 2Q21, up from INR4530m in the 2Q20. Neeraj Akhoury, CEO India of Holcim and Managing Director and CEO of Ambuja ... |
Iranian cement demand reaches 5.78Mt in June 202126 July 2021, Published under Cement NewsThe Iranian cement market consumed 5.78Mt of cement in June 2021, remaining level with the 5.78Mt reported in May. This demand was entirely met by local cement production, which reached 6.02Mt in June while clinker production stood at 6.75Mt. In May cement and clinker output reached 6.1Mt and 6.68Mt, respectively. In addition, 0.63Mt of clinker and 0.36Mt of cement was exported in June. Exports of both clinker and cement fell when compared with May, when clinker exports were at 0.79Mt a... |
PPC Zimbabwe expects to repay legacy debt in FY2223 July 2021, Published under Cement NewsPPC Zimbabwe has acknowledged the receipt of US$11.2m under a legacy debts repayment facility. The company had accrued a US$21m debt due to cash flows generated in the country by foreign entities that could not be repatriated to foreign suppliers due to foreign exchange shortages. However, the cement producer’s debt repayments were boosted by a 2019 move from Reserve Bank of Zimbabwe to assume legacy foreign debts. The company has also announced that it expects to conclude repayments o... |
Breedon Group Plc records 1H21 revenues of GBP600m22 July 2021, Published under Cement NewsBreedon Group Plc has announced unaudited interim results for the six months ended 30 June 2021 with revenues reaching GBP600.9m compared with GBP335.3m in the 1H2020. Profits before tax amounted to GBP56.4m and underlying EBIT totalled GBP46.2m. Net debt at the end of the period stood at GBP291.5m. Rob Wood, CEO of Breedon, said: "Breedon delivered a strong trading result in the 1H21, building on the recovery in demand which started in the second half of last year. "The outlook fo... |
JK White Cement installs plant in Kenya22 July 2021, Published under Cement NewsJK White Cement has installed a cement plant in Athi River, Kenya, to manufacture white cement, wall putty, plasters and tile adhesives. The company had been importing the product from the UAE in partnership with Plascon, but the local plant should offer it a competitive edge in the market. The unit launched operations in May and is reportedly part of plans to expand into regional African markets through Kenya and South Africa. While its plans to move into South Africa were delayed due t... |
HeidelbergCement joins Race to Net Zero22 July 2021, Published under Cement NewsHeidelbergCement has signed the Business Ambition for 1.5°C Commitment, a global initiative led by the SBTi in partnership with the UN Global Compact and the 'We Mean Business' coalition, aimed at limiting global warming to 1.5°C and achieving net zero carbon emissions by 2050 at the latest. With this signature, HeidelbergCement joins the global Race To Zero campaign, which aims to build positive momentum for the transition to a decarbonised economy ahead of the 26th UN Climate Change Confe... |
ACC Ltd records 2Q21 profits after tax of INR5.69bn20 July 2021, Published under Cement NewsACC Ltd (Holcim group) has reported 2Q21 profits after tax of INR5.69bn (US$76m) up from INR2.71bn in 2Q20. In the April-June 2021 period under review, ACC Ltd recorded an EBITDA of INR8.69bn and net sales of INR38.1bn. Profit before tax reached INR7.58bn in the 2Q21, up from INR4.03bn in 2Q20. Sales volumes of cement reached 6.84Mt in the 2Q21, up from 4.76Mt in the 2Q20. Half-year sales volumes of cement reached 14.81Mt, up from 11.32Mt in the same period last year. Sridhar Bala... |