Cement News tagged under: COVID-19

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Votorantim Cimentos records regional 3Q21 performance rise in US and Brazil

12 November 2021, Published under Cement News

In Brazil Votorantim Cimentos' net revenue in the 3Q21 was BRL2.9bn (US$529.3m), an increase of 24 per cent compared to the 3Q20. Adjusted EBITDA was BRL672m an increase of 11 per cent compared to the same quarter last year.     The positive results in Brazil in the 3Q21 were primarily due to growth in sales volume and prices, even when considering the strong comparison base in 3Q20 and economic dynamics with higher costs and higher inflation, said Votorantim Cimentos. The Brazili...

Soaring freight rates prompt cement sector reaction

29 October 2021, Published under Cement News

This week, we are taking a look at the rising costs of dry bulk freight and the resulting impact on the cement industry. Earlier this month, the Baltic Dry Index, a global indicator of bulk freight rates, reached 5670 , marking its highest level since September 2008. Dry bulk rates on the whole have been steadily rising with spot rates for large dry cargo ships, such as Capesize, topping US$80,000 a day in the opening week of October – up 50 per cent in just two weeks. Much of the ri...

Bangladesh's cement industry export revenue dips in 03MF22

29 October 2021, Published under Cement News

Bangladesh's cement industry has earned export revenue of US$1.59m in the first quarter of FY22 (July – Sept ), compared to US$1.81m in the year-ago period, a fall of 12.2 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh exports 90 per cent of its cement to India. Experts believed that the slow arrival of clinker and increase in local consumption, plus the high cost of e...

Cemex seeks to offset inflationary pressures with price hikes

08 October 2021, Published under Cement News

Fernando A Gonzalez, CEO, opened yesterday's Cemex Day - Part II event with a look at some of the surprises of the last year. Not only has Cemex seen a 'V-shaped' recovery since the pandemic, it has also reported remarkable growth with EBITDA advancing in the 1H21 by 20.7 per cent YoY. However, inflation has become the main challenge going forward, particularly due to price rise for marine transportation and fuel, which the company has responded to with a robust pricing strategy and the post...

Argentina's market resurgence

01 October 2021, Published under Cement News

Argentina's economy posted growth of 17.9 per cent YoY in the second quarter of 2021, recovering strongly after the contraction in the same period of 2020. One of the areas driving this pick-up is the construction sector, which has been seeing a resurgence in demand after the impacts of the COVID-19 pandemic last year. The country is also set to go to the polls for a mid-term election on 14 November, but the government, led by Alberto Fernandez, has already weathered a blow as opposition p...

Pakistan’s promising prospects

21 September 2021, Published under Cement News

Pakistan’s cement sector performed very well in the FY21, supported by government policies to assist construction activity in the wake of the COVID-19 crisis. Going forward local demand is expected to remain robust, giving rise to new capacity enhancements. Improved pricing power also bodes well for producers in terms of enhanced profitability. By The Pakistan Credit Rating Agency Ltd, Pakistan. Economic growth and government spending on development projects are the main drivers of ce...

AfriSam's Centre for Product Excellence reduces carbon footprint

21 September 2021, Published under Cement News

AfriSam’s Centre for Product Excellence (CPE) is crucial to supporting customers in their quest for a low carbon future, according to the South Africa-based cement producer. The CPE is instrumental in pursuing environmental issues related to cement and concrete use, particularly for large projects where stakeholders prioritise the carbon footprint of the materials used.   According to CPE Manager, Mike McDonald, AfriSam’s CPE, based in Roodepoort, Gauteng, is aiding AfriSam’s progress in...

Differing priorities for Oman's leading cement players

17 September 2021, Published under Cement News

This week, Oman Cement Co announced that it is planning a 5600tpd brownfield expansion of its plant in Rusayl, Oman, as it builds a new kiln line, upgrades an existing line and shuts down some capacity. The capacity programme will improve its domestic production, which is currently behind market leader Raysut Cement. The latter catapulted its cement capacity ahead with the acquisition of Sohar Cement in 2019. The lure of foreign markets has also seen Raysut Cement expand its capcity, but bot...

Coal handling capacity to increase at Port Qasim

13 September 2021, Published under Cement News

To coincide with the pace of growth in the cement industry, Pakistan International Bulk Terminal (PIBT) has announced it plans to increase its coal-handling capacity at Port Qasim in Pakistan at a ‘marginal cost’ of up to US$70m over 2-3 years. The increase in demand for imported coal is primarily attributed to economic recovery driven by the relief measures taken by the Government of Pakistan (GOP) to mitigate the effects of COVID-19, which include a favourable package for construction, low...

CBMI progresses Solid K4 project despite pandemic

07 September 2021, Published under Cement News

CBMI Construction Co Ltd (Sinoma) are pressing ahead with the Cemex Solid K4 New Line Project in the Philippines, despite the COVID-19 pandemic. Manila has received regular lockdowns for more than six months. Subcontractors have retreated from the site due the pandemic, material costs are increasing, labour costs have risen as have shipping costs and additional cost from COVID-19 precautions and measurement, but as the project's EPC contractor, CBMI has continued to work. CBMI als...