Cement News tagged under: COVID-19
LafargeHolcim records 3Q20 net sales of CHF6.46bn30 October 2020, Published under Cement NewsLafargeHolcim recorded 3Q20 net sales of CHF6.455bn (US$7.046bn), down 9.6 per cent on the 3Q19. Recurring EBIT totalled CHF1.45bn in the 3Q20, rising 1.9 per cent YoY. Group cement volumes saw a modest decline of one per cent YoY to 52Mt from 52.5Mt in the 3Q19, with the segment's net sales falling nine per cent YoY to CHF4.12bn from CHF4.51bn. For the first nine months of the year, group net sales reached CHF17.15bn, declining 15.1 per cent from CHF20.2bn recorded in the 9M19. ... |
Cemex sees net sales rise to 3% to US$3.436bn in 3Q2029 October 2020, Published under Cement NewsCemex SAB de CV has announced its 3Q20 results with net sales increasing by three per cent on a like -for-like (LfL) basis to US$3.436bn, while EBITDA rose by 15 per cent to US$728m. Net operating earnings, before other expenses, rose by 20 per cent to US$453m on a LfL basis. Net debt plus perpetual notes fell by US$504m versus the previous quarter. Net sales in Mexico rose by 14 per cent on a LfL basis to US$723m. Operating EBITDA rose 16 per cent to US$246m on a LfL basis, versus... |
Semen Indonesia looks to optimising market opportunities in pandemic29 October 2020, Published under Cement NewsPT Semen Indonesia (Persero) Tbk (SIG) has prepared a range of business strategies during the COVID-19 pandemic, including optimising the company’s market potential. "The impact of this pandemic economically is very broad, so the health sector problems affect all sectors. But what we are doing is responding to today's challenges, ”said Director of Marketing and Supply Chain, Adi Munandir. The company is also targeting government projects as the public sector remains “sold in the midst of a... |
Gazakh Cement kiln line commissioned during COVID-19 crisis23 October 2020, Published under Cement NewsSustained Visions (SUSVI) and DAL Teknik Makina (DAL) have completed the kiln line upgrade at Gazakh Cement plant in Azerbaijan despite the COVID-19 restrictions. Kiln Line No1 at the plant was built by a Chinese OEM and commissioned in 2013 with a clinker production capacity of 2400tpd. The modernisation comprised an upgrade of the raw mill, the preheater section, the kiln, clinker cooler and clinker transport system. The key equipment was supplied and installed by DAL Teknik Maki... |
Carthage Cement sees reduced COVID-19 impact on 3Q results21 October 2020, Published under Cement NewsTunisia-based Carthage Cement reported a less severe impact of the COVID-19 pandemic on its turnover in the third quarter of 2020. The company’s turnover fell by six per cent to TND172m (US$63m) from TND183m in the 3Q19. In the 2Q20 turnover had fallen by 16 per cent due to the pandemic. Turnover in the domestic market increased six per cent YoY to TND151m when compared with the 3Q19 turnover of TND143m. Exports declined to TND1.193m when compared with TND1.225m in the 3Q19. However, del... |
MI Cement Factory postpones expansion plan12 October 2020, Published under Cement NewsThe MI Cement Factory Ld (MICFL) in Bangladesh informed the Dhaka Stock Exchange (DSE) on 11 October that the Board of Directors of the company, have approved the postponement of setting up the sixth cement unit in central Bangladesh. They cited as reason the severe negative impact of COVID-19 on the Bangladeshi cement industry. Earlier in January 2019, the company announced its plan to expand its daily production capacity by 76 per cent to 19,400t with the introduction of the sixth m... |
Two cement CEOs discuss CO2 reduction09 October 2020, Published under Cement NewsThis week the Global Cement and Concrete Association (GCCA) held a plenary session with invited guests Jan Jenisch, LafargeHolcim CEO, Mahendra Singhi, CEO of Dalmia Cement (Bharat) Ltd, and Daniel Balthasar, Norges Bank’s senior portfolio manager and head of Basic Industries & Utilities. Moderated by journalist and broadcaster Gavin Esler, their discussion centred on how cement companies were responding to climate change and how they had managed to engage their staff, stakeholders and custo... |
Cemex included in the Fortune 2020 Change the World list22 September 2020, Published under Cement NewsCemex SAB de CV has been again included in the "Fortune 2020 Change the World" list, which highlights companies around the world that have generated a social impact through activities that are part of their business strategy. This is the third time that Cemex has received this distinction. Fortune recognised Cemex's efforts in social impact business models. One of the initiatives was the rapid deployment of solutions to meet the current challenges caused by the COVID- 19 pandem... |
Caribbean Cement may resume exports soon18 September 2020, Published under Cement NewsJamaica-based Caribbean Cement Co Ltd is awaiting the right conditions to resume cement exports. The Rockfort plant has excess capacity, despite sustained local demand for cement even during the pandemic. "Export is something we will be considering, but it will always come behind the local market, which we prioritise," said General Manager, Yago Castro. "The good thing is that we have some production capacity surplus, so, eventually, if the local market allows us, then we can allocate diff... |
C’est la Vicat15 September 2020, Published under Cement NewsSince Louis Vicat discovered artificial cement in 1817, the France-based Vicat group has expanded to be a major cement producer in 12 countries. The family-owned business was founded in 1853 when it launched its first dry-process plant. More recent investments have focussed on Vicat structuring its business around the circular economy, the regeneration of the Ragland plant in USA, the acquisition of Ciplan in Brazil, and greenfield expansion in India and Africa. Supporting revenues also cont... |