Cement News tagged under: coronavirus

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Cementos Molins records net profits of EUR93m in 2020

01 March 2021, Published under Cement News

Cementos 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 COVI...

IKN continues to build Märker Cement's new Kiln Line No 8

26 February 2021, Published under Cement News

The 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 THB8048m

18 February 2021, Published under Cement News

SCG 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 EUR2805m

17 February 2021, Published under Cement News

Vicat 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 News

Cemex 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 resumes

08 February 2021, Published under Cement News

Lehigh 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 plant

05 February 2021, Published under Cement News

Hazemag 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 4Q20

04 February 2021, Published under Cement News

Recovery 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...

World Cement Association Committees set their 2021 agenda

19 January 2021, Published under Cement News

The World Cement Association’s Professional Committees (Safety & Health, Environment & Climate Change and Technology & Innovation) announced their goals for the global cement industry in the new year at the WCA’s 4th General Assembly Meeting in December, taking the opportunity to review progress made so far and set priorities for the year ahead.   Climate change, decarbonisation and sustainability challenges facing the cement industry led the agenda for the Environment & Climate Change C...

Bangladesh cement producers seek extension to loan moratorium

30 December 2020, Published under Cement News

Cement makers in Bangladesh have pleaded for a loan moratorium until the end of June 2021. If extended, the industry, as well as the economy, could strongly recover from the pandemic's fallout, said the letter dated December 22 from the Bangladesh Cement Manufacturers Association (BCMA) to the Bangladesh Bank (BB). The request to extend the ongoing moratorium period on the payment of loan instalments by another six months would cushion the cement producers as they fight the economic fallo...