Cement News tagged: Corporate
FLSmidth sees 5% rise in order intake in 2021
FLSmidth reported a five per cent increase in order intake in 2021 as the impact of the COVID-19 pandemic waned and project sites became more accessible. Including currency effects the intake was up by four per cent to DKK19,233m (US$2941m) with mining and cement contributing equally to the growth. Service order intake advanced by 14 per cent while capital orders declined by seven per cent. ...
ACC Ltd commissions new grinding capacity in Tikaria
ACC Ltd has commissioned 1.6Mta grinding capacity in Tikaria , Uttar Pradesh, India. The project has expanded cement capacity at the Tikaria plant to 3.91Mta. “As announced earlier, the company is progressing well to increase its capacity, ie, 2.7Mt of clinker and 4.8Mt of cement by 2024,” said ACC MD and CEO, Sridhar Balakrishnan.
Cementos Pacasmayo sees 40% rise in sales volumes in 2021
Sales volumes of cement, concrete and prefabricated products of Peru-based Cementos Pacasmayo fell 6.2 per cent in the 4Q21 when compared with the 4Q20. Income was up 10.4 per cent as cement and concrete prices increased in line with inflation and by a change in the sales mix, favouring cement and concrete at better prices. Consolidated EBITDA increased 10.5 per cent to PEN141.5m YoY, but t...
Solid Cement advances US$323m expansion
Philippines-based Solid Cement Corp , part of Cemex Holding Philippines, will finally move forward with its long-delayed capacity expansion despite the rise in cost from US$235m to US$323m. The project will see the construction and installation of a new 1.5Mta integrated production line at the plant’s Antipolo City plant in Rizal. Principal contractors to the project will be Atlantic Gulf...
San Miguel Cement may double capacity at Davao plant
San Miguel Corp (SMC) said its affiliate Southern Concrete Industries Corp may look to double the manufacturing capacity of its new Davao cement plant . Southern Concrete Industries Corp, formerly Oro Cemento Industries Corp, is considering doubling its manufacturing capacity to 100m bags per year, it said in a disclosure to the stock exchange. SMC president and CEO, Ramon Ang, ...
CMS raises cement price due to higher costs
Malaysia-based CMS is introducing a 10 per cent price hike from 17 February, the first one since 2016, according to Market Screener. The company attributes the need to raise prices to significant and sustained increase raw materials, packaging and freight costs. In the last year, cement production costs have increased by nine per cent and show no signs of abating yet. The Baltic Dry Index ...
Argos opens new Cartagena terminal
Colombia-based Argos has inaugurated its new port terminal in the free zone of Cartagena, Colombia. the new terminal will triple its export capacity to 3.5Mta. The terminal can serve vessels of up to 60,000t. The company invested nearly US$42m in the new terminal, which includes a berthing platform of 152m long by 18m wide that joins the coast by a 170m-long civil walkway. It also consists...
Chryso appoints new group executive vice-president
Frédéric Guimbal has been appointed Chryso Group Executive Vice-president in charge of Markets, Innovation, Purchasing and Communications. Mr Guimbal led the Concrete business Unit at Chryso in 2021 and now joins the Chyrsos’ Comex team. Frederic Guimbal brings 17 years of industry experience in cement and concrete, being close to the field, and having managed these activities in va...
Cemex reports double-digit EBITDA growth in FY21
Cemex announced strong results for the FY21 with double-digit EBITDA growth, the highest in more than a decade, coupled with a similar increase in sales, driven by higher volumes and robust pricing in all core products in all regions. EBITDA margin increased 0.8 percentage points in the year, despite headwinds in energy and import costs. CO 2 emissions declined 4.4 percentage points, the ...
Flender to acquire Moventas
Flender has reached an agreement to acquire Finnish wind turbine gearbox manufacturer Moventas from investor N4 partners. The planned acquisition marks the next step in Flender’s growth strategy after progressing into independence last year. Integrating Moventas’ engineering and service capabilities will further foster Flender’s wind drives business under the successful Winergy product brand...
Buzzi Unicem FY21 preliminary regional results see 7% rise in cement sales
Cement sales of the Buzzi Unicem group amounted to 31.2Mt in 2021, increasing by 6.7 per cent when compared to 2020. Ready-mix concrete output, which stood at 12.1Mm 3 , was also up, by 3.4 per cent, compared to the volumes of last year. Consolidated net sales for the financial year increased from EUR3222.4m to EUR3445.6m. The sales volumes achieved by the group in 2021 exceeded the level...
Tokyo Cement (Lanka) reports 20% increase in revenues
Tokyo Cement Group reported a 20 per cent advance in its turnover to LKR13.771bn (US$68.1m) for the third quarter ended 31 December 2021 when compared with LKR11.456bn in the 3QFY21-22. Profit for tax during the 3QFY21 grew by 38 per cent YoY to LKR1.986bn in the 3QFY21-22. Profit after tax reached LKR1.649bn, up from LKR1.303bn in the 3QFY20-21. However, sales volumes fell by three per ce...
Cemex signs up companies to its Working Smarter digitalisation program
Cemex has signed separate multi-year contracts that range from five to seven years totalling US$500m with six leading service providers under its Working Smarter digital transformation initiative. The partners are active in the fields of finance and accounting, information technology, and human resources, replacing current expenditures with the new suppliers’ services at an optimised cost, e...
Cementir records 11.2Mt of cement and clinker sales in 2021
During 2021, Cementir’s cement and clinker sales volumes reached 11.2Mt, up 4.1 per cent compared to 2020 thanks to a favourable trend in all countries. Sales volumes of ready-mixed concrete, equal to 5.1Mm 3 , increased by 14.8 per cent mainly due to Turkey and, to a lesser extent, Denmark and Norway. In the aggregates segment, sales volumes reached 11.1Mt, up 8.1 per cent. ...
VICEM sees 29.4Mt of cement and clinker sold in 2021
Vietnam-based Vietnam Cement Industry Corp (VICEM) sold 29.44Mt of cement and clinker in 2021, reflecting stable sales when compared with 2020, according to local media. VICEM’s cement sales reached 24.16Mt while clinker sales reached 5.28Mt. The company’s output saw a 2.1 per cent drop to 21.47Mt of clinker and 24.1Mt of cement. The company’s revenues remained level at VND33.81trn (US$1...
Schneider Electric and Nanjing Kisen sign strategic partnership agreement
Schneider Electric has signed a long-term cooperation agreement with Nanjing Kisen (CNBM) to progress the operational efficiency of intelligent cement plants through innovative digital modernisation in alignment with UN Sustainability Goals, The strategic partnership agreement will accelerate the digital transformation of cement plants and enterprises in China, and beyond, leveraging ...