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Taiwan Cement reports 21% hike in July revenue

11 August 2022, Published under Cement News

Taiwan Cement has posted a revenue of TWD10,102.468m (US$336.3m) in July 2022, ,up 21.4 per cent when compared with TWD8,319.972m, , according to a filing on the Taiwan Stock Exchange. In the first seven months of 2022, revenues slipped 0.2 per cent to TWD58,247.2m from TWD58,343.336m in the 7M21.

Vietnam's Xuan Than Cement to commission Line 3 in October

10 August 2022, Published under Cement News

Vietnamese cement producer Xuan Than Cement is expected to bring online its third line, with a cement capacity of 4.5Mta, at the end of October, according to local media. Upon completion, the production line will increase the company’s total capacity in Ha Nam province to 10Mta. The 2.3Mta Long Thanh project is also expected to be commissioned this year. It will add to an already-high cement supply in the 64Mta market.

Cemtech Live Webinar: Decarbonising cement manufacture

09 August 2022, Published under Cement News

Cemtech Live Webinar: Decarbonising cement manufacture Date: 7 September 2022 Time: 14.00 UK Time (GMT+1) Venue: Virtual event held online Free to register:   https://us02web.zoom.us/webinar/register/WN_5YWjy_MVQ-acaZ_SWvynTw Ahead of Cemtech Europe Conference & Exhibition, taking place in Barcelona on 2-5 October, 2022, the monthly Cemtech Live Webinar will feature a selection of presentations directly addressing the conference theme: decarbonising cement manufacture. ...

Eagle Cement posts increase in net sales in 1H22

09 August 2022, Published under Cement News

In the first half of 2022, Philippines-based Eagle Cement Corp saw its net sales advance to PHP13,680m (US$246m), compared to PHP11,057m in the same period a year earlier. EBITDA in the 1H22 came in at PHP4132m, marking a 13 per cent YoY decline. EBIT was down 16 per cent to PHP3501m over the same period, while net income contracted by 20 per cent to PHP2966m. The cost of goods sold in the 1H22 stood at PHP8856m, up 49 per cent from the PHP5934m seen in the 1H21, while operating expenses e...

Lucky Cement's domestic capacity to rise to 15.3Mta

09 August 2022, Published under Cement News

Lucky Cement Ltd  announced its financial results for the 4QFY21-22 (April-June 2022) on 5 August 2022 and held a corporate briefing session at the Pakistan Stock Exchange (PSX) to discuss the company’s outlook.  Expansion of the Pezu cement plant in Pakistan's Khyber Pakhtunkhwa province to 3.15Mta is progressing well and is expected to cost PKR30bn (US$133.6m), according to Lucky Cement. This brownfield expansion in the north of the country is scheduled to come on-line in December 2022...

Birla Corporation hit by escalating fuel costs

08 August 2022, Published under Cement News

Birla Corp Ltd has reported a 25.2 per cent increase in revenue to INR22,180.6m (US$278.8m) in the first quarter of FY22-23, despite tepid cement demand. However, profitability was hit by rising power, fuel and freight costs, along with the costs incurred with the optimisation of the newly-commissioned Mukutban plant in eastern Maharashtra. Commercial production at the plant began on 30 April 2022 with capacity at the unit expected to reach 3.9Mta, taking the company's total production cap...

Buzzi Unicem net sales rise 17% in 1H22

04 August 2022, Published under Cement News

Buzzi Unicem  recorded 1H22 net sales at EUR1880m, up 17 per cent compared to the 1H21 and EBITDA at EUR365m, an increase of 3.6 per cent on the 1H21. Favourable foreign exchange rates had an effect of EUR77m on net sales and of EUR19m on EBITDA. Cement sales volumes dropped by four per cent in the 1H22 to 14,233t, compared to the 14,833t in the 1H21.The overall favourable development recorded in the first three months of the year was followed by a slower second quarter, with the excepti...

GCC invests US$750m to expand Odessa capacity

04 August 2022, Published under Cement News

GCC plans to invest US$750m to expand its production capacity at its plant in Odessa , Texas, USA. The project will increase cement production capacity by more than 1Mta and reduce the plant’s greenhouse gas intensity by 13 per cent, according to a statement sent to the Mexican Stock Exchange. "GCC will carry out the project at the Odessa plant because the US market is developing faster and represents savings in freight compared to the plant located in Chihuahua, Mexico," it said. The...

Pakistan cement dispatches dwindle in July 2022

03 August 2022, Published under Cement News

Pakistan dispatched a 2.039Mt of cement during July 2022, down 47.7 per cent from 3.899Mt during the same month of the last fiscal year. According to the data released by the APCMA, local cement dispatches by the industry during July 2022 were 1.88Mt compared to 3.44Mt in July 2021, showing a decline of 45.3 per cent. Export dispatches also suffered a massive decrease of 66.1 per cent as the volumes reduced from 452,777t in July 2021 to 153,517t in July 2022. As a result, capacity ut...

Dangote Cement's regional volumes fall by 11% in 1H22

03 August 2022, Published under Cement News

Dangote Cement 's pan-African volumes reduced by 11 per cent to 4.9Mt from 5.5Mt in the 1H22 due to increased supply chain challenges and maintenance activities.  The best-performing markets for the group were Ethiopia, Senegal and Tanzania. Ethiopia is one of the largest markets for Dangote Cement outside of Nigeria. The market remains short of supply as most plants are operating at very low capacity. Ethiopia's total market for cement was appproximately 2.7Mt in the first six mon...