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Cementos Argos reports 16% rise in EBITDA
Corporate - 25 February 2021

Cementos Argos reports 16% rise in EBITDA

Colombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the year-ago period. Revenues in the October-December quarter reached COP2.32trn, down 1.1 per cent YoY from COP2.35 in the 4Q19. The company also saw a two per cent YoY increase in cement volumes during the last quarter of ...

International - 25 February 2021

Police shut down counterfeit cement outlet in Odisha

The Commissionerate Police have closed down a counterfeit cement manufacturing unit in Jagatpur, Odisha, India. The unit was operating from a warehouse near Khaira bridge for the last 5-6 years.   A police team patrolling the area became suspicious when a cement laden truck exited the unit and the owner of the factory failed to produce documents for the cement. Police raided the factory...

Trading - 26 February 2021

Cement imports into Mexico from Turkey and China surge in 11M20

Imports of cement into Mexico from Turkey and China increased by 88 and 150 per cent, respectively, in the January-November 2020 period, reports Market Data México. Turkey imported cement to the value of US$2m while China’s imports reached US$1m, the same value as Croatia and The Netherlands. However, the USA remains the largest cement importer with US$12m in the 11M20 although its imports i...

Freight Markets - 11 January 2021

Indian railways see 26% rise in cement freight

The volume of cement transported by Indian railways increased 26 per cent YoY in the September-December quarter to 35.5Mt, according to the Ministry of Railways. This also represented a 35 per cent growth compared to the 2QFY20-21. The rise in cement freight has been attributed to a seasonal improvement in construction activity across the country. However, freight costs rose six per cent YoY...

Corporate - 26 February 2021

LafargeHolcim 4Q20 regional results see net sales of CHF5994m

Group net sales for the 4Q20 totalled CHF5994m (US$6628m), down 8.1 per cent from CHF6521m in the 4Q19. In the 4Q20 LafargeHolcim recorded cement sales of 51.2Mt, slipping 0.5 per cent from 51.5Mt in the 4Q19. Aggregate sales decreased to 65.8Mt in the 4Q20, down 2.5 per cent from 67.5Mt in the 4Q19. Ready-mix sales reached 11.3Mm 3 in the 4Q20, a decline of 2.4 per cent from 11.6Mm 3 ...

Environmental - 26 February 2021

EU calls for greater use of secondary raw materials

The EU Parliament’s own-initiative report adopted this month calls for an upgrading of secondary raw materials. Among other things, it provides for stronger environment-oriented public procurement with mandatory minimum criteria, for example in the construction industry.   For the Euroslag European network and the FEhS Building Materials Institute, this is an important step towards a co...

Recent Orders - 26 February 2021

LafargeHolcim Poland orders Gebr Pfeiffer VRM

LafargeHolcim Poland has ordered a vertical roller mill for cement raw material grinding from Gebr Pfeiffer for its Malogoszcz plant, approximately 200km south of Warsaw. The mill will grind 307tph of cement raw material to a fineness of 12 per cent R0.090mm and is equipped with a total drive power of 2500kW. It will be the first MVR vertical mill to be installed in Poland. The key facto...