Cement News tagged under: Weekly Newsletter
ADOCEM reports 30% increase in 1Q sales10 May 2021, Published under Cement NewsPortland cement production in the Dominican Republic increased 23.8 per cent YoY to 1,247,386t in the first quarter of 2021, according to the Asociación Dominicana de Productores de Cemento de Portland (ADOCEM). Local cement sales were up by 30.1 per cent in the 1Q21 while 11.8 per cent of production was shipped overseas. "Our sector continues to grow stronger and has been able to supply the needs of the Dominican market," explained ADOCEM Executive Director, Julissa Báez, while adding "... |
UltraTech Cement reports consolidated net sales of INR142.3bn in 1Q2110 May 2021, Published under Cement NewsUltraTech Cement Ltd saw consolidated net sales of INR142,320m (US$1.94bn) in the 1Q21 vis-à-vis INR106,890m over the corresponding period of the previous year. Profit before interest, depreciation and tax was INR37,510m vis-à-vis INR26,450m in the corresponding period of the previous year. Profit after tax was INR17,750m compared to INR11,290m in the corresponding period of the previous year. For the full year, consolidated net sales reached INR442,390m when compared with INR417,810m ... |
HeidelbergCement sees revenue up 1% in 1Q2106 May 2021, Published under Cement NewsHeidelbergCement has seen its revenue increase 0.7 per cent YoY to EUR3958m for the first quarter of 2021, or up four per cent on a like-for-like basis. The result from current operations before depreciation and amortisation (RCOBD) surged 33 per cent to EUR538m, while the result from current operations rose 280 per cent YoY to EUR233m. "HeidelbergCement has made an excellent start to 2021," said Dr Dominik von Achten, chairman of the Managing Board. "In all group areas, we have once agai... |
Vicat reports 15% YoY surge in sales for 1Q2106 May 2021, Published under Cement NewsVicat Group’s consolidated sales in the first quarter of 2021 reached EUR707m from EUR615m in the 1Q20, up 14.9 per cent on a reported basis and 22.1 per cent at constant scope and exchange rates. The group saw the benefits of a highly favourable base comparison in the first quarter given the impact of the pandemic and the government measures taken to address it in March 2020 and more generally during the first six months of 2020. However, the first-quarter performance not only exceeded tha... |
Cementir sees 49% rise in EBITDA for 1Q2106 May 2021, Published under Cement NewsCementir Holding has reported a 12.6 per cent YoY increase in group revenue to EUR300.5m for the first quarter of 2021, compared to EUR266.9m in the 1Q20. EBITDA rose 49.4 per cent YoY to EUR48.1m from EUR32.2m, while its EBITDA margin advanced to 16 per cent from 12.1 per cent. "In the first quarter of 2021, the group reported results above our expectations, with revenues up by over 12 per cent, EBITDA by 49 per cent and EBIT by over 300 per cent compared to the same period of 2020. Thes... |
US Portland and blended cement shipments fall 11% in February05 May 2021, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the US and Puerto Rico in February 2021 fell by 11 per cent YoY to an estimated 5.7Mt, according to the latest data from the US Geological Survey (USGS). Shipments for the year through February totalled an estimated 12.4Mt, down 6.2 per cent from those in the year-ago period. The leading producing states in February 2021 were, in descending order, California, Texas, Florida, Missouri and Alabama. The leading cement-cons... |
Pakistan's cement industry sees monthly growth of 40%05 May 2021, Published under Cement NewsPakistan’s cement industry registered strong growth of 40.4 per cent in April 2021, when total cement dispatches reached 4.943Mt versus 3.52Mt during the same month of the previous fiscal. Similarly, the country saw a massive surge in cement exports by 252 per cent, while local dispatches rose by 24 per cent during the month. According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local dispatches during April 2021 increased to 4.066Mt from 3.271Mt a year ea... |
Votorantim Cimentos commences McInnis Cement integration04 May 2021, Published under Cement NewsVotorantim Cimentos, the seventh largest cement producer in the world, and Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, have announced that they have completed the transaction to combine cement operations in North America. After having obtained regulatory approval from authorities in Brazil, Canada and the United States, St Marys Cement Inc (Canada), a wholly-owned subsidiary of Votorantim Cimentos can now commence with the integration process... |
Carbon pricing to drive down emissions30 April 2021, Published under Cement NewsAs the USA effectively doubles its target for carbon emissions reduction by 2030 and more countries pledge to carbon neutrality by 2050, we take a look at how carbon pricing is expected to play a key role in driving down emissions. Last month the European Parliament adopted a resolution for a WTO-compatible Carbon Border Adjustment Mechanism (CBAM), which would introduce a carbon price on certain products imported from countries outside the EU with less robust carbon pricing schemes. The re... |
Cemex records 1Q21 net sales of US$3.4bn30 April 2021, Published under Cement NewsCemex has announced its 1Q21 results with EBITDA growing on a YoY basis in all regions. Consolidated net sales increased nine per cent to US$3.4bn. Operating EBITDA improved 28 per cent to US$684m, while the EBITDA margin increased to 20.1 per cent, 2.8 percentage points higher year over year. Net debt and leverage were reduced materially during the first quarter. Net debt plus perpetuals fell by US$547m, while leverage ratio was reduced to 3.61 times, almost half-a-turn reduction... |