Cement News tagged under: coronavirus

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Vecoplan invests millions and enjoys further success despite COVID-19

19 November 2020, Published under Cement News

Despite the COVID-19 pandemic, Vecoplan AG has continued supplying machines and systems that shred, convey and process primary and secondary raw materials in the production and materials cycle, while running as profitably as last year. "Despite COVID-19, our business is still very stable since we’re working through a high backlog of orders. One reason for these orders is our development offensive and the resulting product launches of recent months," says Werner Berens, CEO of the Vecop...

Breedon Group's revenues for 10M20 reach GBP750m

18 November 2020, Published under Cement News

Breedon has issued a scheduled trading update with group revenues in both September and October ahead of the same period in the prior year, on a like-for-like basis. As a result, the group saw revenues for the first 10 months of the year reach GBP750m (2019: GBP800m), including three months contribution from the former Cemex assets in the UK.   The board now expects the group's underlying EBIT for the full year to be at least GBP70m, which is ahead of current market expectations.     ...

Votorantim Cimentos reports 3Q20 EBITDA of BRL1.5bn

13 November 2020, Published under Cement News

Votorantim Cimentos recorded global net revenue of BRL5.2bn (US$961.2m) in the 3Q20, a 37 per cent increase compared to 3Q19. The growth was due to the positive impact of a 15 per cent increase in sales, resulting from a recovery in demand in all regions. In addition to positive market dynamics and the appreciation of the dollar against the real.     Consolidated adjusted EBITDA in the quarter was BRL1.5bn, an increase of 94 per cent in comparison with the 3Q19, with an EBITDA margin o...

Cementos Argos' EBITDA grows 10% in 3Q20

13 November 2020, Published under Cement News

Argos (Grupo Argos) delivered satisfactory results during the third quarter, amid the COVID-19 pandemic. The company reported an improvement in EBITDA despite the impact on volumes mainly caused by hurricanes and heavy rains in the USA.  During the period, consolidated shipments of cement and concrete registered a decrease of 8.4 per cent and 19.5 per cent, respectively, and of 12.7 per cent and 16.5 per cent compared to 3Q19. This decline was offset thanks to the successful execution of ...

Titan Group reports revenues of EUR1202m in 9M20

12 November 2020, Published under Cement News

Titan Group announced its consolidated revenue totalled EUR1202.4m for the 9M20, a marginal decline of 0.5 per cent when compared with the revenue in the 9M19. Operating profitability (EBITDA) in January-September 2020 rose by 10.1 per cent to EUR229.4m. Net profit after taxes and minorities in the 9M20 was EUR58m compared to EUR45.2m in 9M19. In the 3Q20 Titan Group’s revenue fell by 1.7 per cent compared to the 3Q19 at EUR416m, while group EBITDA in the 3Q20 grew by 7.4 per cent to EUR9...

Vicat reports sales of EUR2.07bn

04 November 2020, Published under Cement News

Vicat Group’s consolidated sales reached EUR2.066bn in the first nine months of 2020, stable on a reported basis and up 2.1 per cent YoY at constant scope and exchange rates. EBITDA increased to EUR403m from EUR373m in the 9M19. Overall cement sales also advanced 8.4 per cent at a constant scope. “The Vicat Group’s performance over the first nine months of 2020 demonstrated its resilience and its tremendous ability to seize growth opportunities arising in its markets. The impact of COVID o...

COVID-19 closes WACEM's Tabligbo plant

04 November 2020, Published under Cement News

The West African Cement plant (WACEM) has shut down its grinding plant in Togo for two weeks. The 1.8Mta Tabligbo plant has closed to halt the spread of COVID-19. The Ministry of Trade and Industry released an official statement saying: "On October 30, 2020, the national coordinator in charge of the response against COVID-19 informed me about an outbreak at the WACEM, a company located in the free trade zone." The plant is situated 80km from Lomé, in the Yoto prefecture. The lat...

FLSmidth reports 33% decline in 3Q cement revenues

03 November 2020, Published under Cement News

In the 3Q20 FLSmidth’s revenue amounted to DKK3834m (US$4181m) compared to DKK4736m in the 3Q19, down 19 per cent. Organic revenue decreased by 12 per cent, comprising a one per cent increase in mining and a 33 per cent decline in cement. The sharp decline in cement was due to a more severe pandemic impact on the cement industry and a low backlog.   In the 3Q20 FLSmidth’s order intake amounted to DKK3955m, compared to DKK4571m in the 3Q19, down 13 per cent. Organic order intake fell b...

Pakistan records 33% growth in October cement dispatches

03 November 2020, Published under Cement News

Pakistan's domestic and overseas cement dispatches figures for October 2020 are officially yet to be released by the All Pakistan Cement Manufacturer Association (APCMA), but Lucky Cement Ltd's CEO, Mohammad Ali Tabba, has estimated a record growth to 5.7Mt, increasing from 4.4Mt in September 2020. The MoM rise of 29.5 per cent in dispatches in October was possible due to the increase in domestic and export demand as well as the speedy momentum in Pakistan's economy.   During an intervi...

Cementos Molins records net profits of EUR62m for 9M20

02 November 2020, Published under Cement News

Cementos Molins has announced its 9M20 results, with net profits reaching EUR62m, 12 per cent less than the same period last year. In comparable terms of exchange rates and hyperinflation adjustment, net profits to September grew by 13 per cent. Profits in the third quarter (July-September) stood at EUR29m, 44 per cent higher than the same quarter last year, when the net profit was EUR21m. Cementos Molins' revenues up to September were EUR546m, representing a decrease of eig...