Cement News tagged under: COVID-19
MPA's Sustainability Report 2020 is released04 March 2021, Published under Cement NewsThe Mineral Products Association (MPA) has published its Sustainable Development Report 2020, which covers a range of data from 2019/20 and is aligned with MPA's seven main strategic priorities and the corresponding objectives and targets. Despite challenging circumstances, the report outlines improvements across the mineral products sector. Due to COVID-19, the UK economy is estimated to have contracted by 10 per cent in 2020. However, construction activity and mineral products market... |
China: pandemic to peak carbon02 March 2021, Published under Cement NewsChina’s forthcoming 14th Five-Year Plan commits the country to ‘peak carbon’, but what consequences will this have for the world’s largest cement producer? Previous restructuring efforts have transformed the industry by modernising equipment, improving environmental performance and industry profitability. Continued deep restructuring will be necessary to keep pace with President Xi’s vision of modern China. By modernising equipment and improving its environmental performance, China... |
Cementos Molins records net profits of EUR93m in 202001 March 2021, Published under Cement NewsCementos Molins announced the group's net profit rose by four per cent YoY to EUR93m in 2020. In comparable terms of exchange rates and adjustment for hyperinflation of Argentina, the net profit increased by 27 per cent in 2020. Cementos Molins revenues have reached EUR775m at the end of 2020, which represents a decrease of three per cent compared to the same period of the previous year. The strong contraction of the markets in the second quarter as a result of the impact of the COVID... |
IKN continues to build Märker Cement's new Kiln Line No 826 February 2021, Published under Cement NewsThe construction of Märker Cement’s new kiln line is currently being carried out by IKN, which is supplying a 3000tpd kiln line at the cement producer's Harburg site in Germany. To date the solid concrete basis for the preheater and the first kiln pier are almost at their full heights while the foundation works for the cooler building are in full progress, showing the future footprint. The new Kiln Line No 8 is being built right next to the existing production line that it will r... |
SCG reports 4Q20 profits of THB8048m18 February 2021, Published under Cement NewsSCG reported 4Q20 profit of THB8048m (US$261.8m), a decrease of 17 per cent QoQ. EBITDA fell by four per cent QoQ to THB18,300m, largely from reduced cement building materials performance resulting from a continued economic slowdown due to COVID-19, heavy rainfall and floods in the region, and recognition of CBM’s asset impairments in 4Q20 from Myanmar and Indonesia cement operations. Sales revenue decreased by four per cent QoQ to THB97,250m from seasonally weak cement demand, effect fro... |
Vicat announces FY20 sales of EUR2805m17 February 2021, Published under Cement NewsVicat announced FY20 sales of EUR2805m, up 5.5 per cent from EUR2740m in FY19. EBITDA rose to EUR557m, up by 10.1 per cent LfL and EBIT increased to EUR298m, a rise of 17.5 per cent LfL. Vicat’s consolidated net income reached EUR172m, up 17.5 per cent LfL from EUR160m in FY19. Cash flow totalled EUR461m up 12.9 per cent LfL and net debt fell to EUR1202m, down EUR88m. Leverage is at 2.16x. EBITDA rose by EUR26m in the Americas, EUR14m in Asia, EUR9m in Africa and EUR1m in Europe. EBIT... |
Cemex Latam Holdings announces 4Q20 EBITDA fall of 1%12 February 2021, Published under Cement NewsCemex Latam Holdings SA reported that the company's consolidated net sales and EBITDA in the 4Q20 fell by three and one per cent, respectively, compared to the 4Q19. Jesús González, CEO of Cemex Latam Holdings, commented: "I am proud of how the organisation responded to the challenge of the sudden arrival of COVID-19 in our footprint. We reacted quickly and forcefully to a highly uncertain situation, prioritising the safety of our employees and customers while ensuring business con... |
Lehigh Hanson's US$600m expansion project resumes08 February 2021, Published under Cement NewsLehigh Cement Company completed construction of a concrete slipform silo as part of resuming its US$600m expasnion project at the Mitchell plant in Texas, USA. Lehigh broke ground on the project in October of 2019 and began preparing the site for the large project. However, COVID-19 delayed the company’s progress with the project. Now the project has resumed with the construction of the 160ft concrete slipform silo. Tracy Crowther, plant manager Lehigh Mitchell plant, explains ... |
Hazemag installs 3500tph crusher for Texas cement plant05 February 2021, Published under Cement NewsHazemag has installed a new 3500tph primary crushing system at a Texas cement plant. It will be one of the largest Andreas impactors operating in North America. Hazemag delivered the very latest design and control technology found within its apron feeder, roller screen and the model HPI 2030 primary impactor capable of processing massive blocks or limestone at a capacity of 2500tph. The challenges and setbacks as a result of the COVID-19 pandemic made the project a challenging pr... |
UK construction demand for essential mineral products increases in 4Q2004 February 2021, Published under Cement NewsRecovery in the UK market for mineral products like aggregates, concrete, asphalt and mortar was sustained during the 4Q20, but full-year sales volumes were down on 2019. This is according to the latest survey from the Mineral Products Association (MPA), which said the figures are encouraging but also urged the UK Government to push on with delivering the planned infrastructure programme to support the economic recovery, construction and the supply chain. Following on from the fas... |