Cement News tagged under: coronavirus
INSEE Cement ups its game to ease Sri Lankan cement shortages09 December 2021, Published under Cement NewsOperating at maximum production capacity with optimised distribution channels for a number of weeks, INSEE Cement claims it has successfully helped to mitigate the cement shortage that was prevailing in the Sri Lankan market. INSEE Cement’s concentrated and immediate contingency measures across its entire operation at the onset of the shortage ensured an uninterrupted market supply of cement, while also logging a record-high 700,000t production output during the 3Q21 for the company. ... |
Votorantim Cimentos records regional 3Q21 performance rise in US and Brazil12 November 2021, Published under Cement NewsIn Brazil Votorantim Cimentos' net revenue in the 3Q21 was BRL2.9bn (US$529.3m), an increase of 24 per cent compared to the 3Q20. Adjusted EBITDA was BRL672m an increase of 11 per cent compared to the same quarter last year. The positive results in Brazil in the 3Q21 were primarily due to growth in sales volume and prices, even when considering the strong comparison base in 3Q20 and economic dynamics with higher costs and higher inflation, said Votorantim Cimentos. The Brazili... |
Bangladesh's cement industry export revenue dips in 03MF2229 October 2021, Published under Cement NewsBangladesh's cement industry has earned export revenue of US$1.59m in the first quarter of FY22 (July – Sept ), compared to US$1.81m in the year-ago period, a fall of 12.2 per cent YoY. The figure also includes a minor amount of salt, stone and related products, according to the Bangladesh Export Promotion Bureau (EPB) data. Bangladesh exports 90 per cent of its cement to India. Experts believed that the slow arrival of clinker and increase in local consumption, plus the high cost of e... |
Cemex seeks to offset inflationary pressures with price hikes08 October 2021, Published under Cement NewsFernando A Gonzalez, CEO, opened yesterday's Cemex Day - Part II event with a look at some of the surprises of the last year. Not only has Cemex seen a 'V-shaped' recovery since the pandemic, it has also reported remarkable growth with EBITDA advancing in the 1H21 by 20.7 per cent YoY. However, inflation has become the main challenge going forward, particularly due to price rise for marine transportation and fuel, which the company has responded to with a robust pricing strategy and the post... |
Argentina's market resurgence01 October 2021, Published under Cement NewsArgentina's economy posted growth of 17.9 per cent YoY in the second quarter of 2021, recovering strongly after the contraction in the same period of 2020. One of the areas driving this pick-up is the construction sector, which has been seeing a resurgence in demand after the impacts of the COVID-19 pandemic last year. The country is also set to go to the polls for a mid-term election on 14 November, but the government, led by Alberto Fernandez, has already weathered a blow as opposition p... |
AfriSam's Centre for Product Excellence reduces carbon footprint21 September 2021, Published under Cement NewsAfriSam’s Centre for Product Excellence (CPE) is crucial to supporting customers in their quest for a low carbon future, according to the South Africa-based cement producer. The CPE is instrumental in pursuing environmental issues related to cement and concrete use, particularly for large projects where stakeholders prioritise the carbon footprint of the materials used. According to CPE Manager, Mike McDonald, AfriSam’s CPE, based in Roodepoort, Gauteng, is aiding AfriSam’s progress in... |
Coal handling capacity to increase at Port Qasim13 September 2021, Published under Cement NewsTo coincide with the pace of growth in the cement industry, Pakistan International Bulk Terminal (PIBT) has announced it plans to increase its coal-handling capacity at Port Qasim in Pakistan at a ‘marginal cost’ of up to US$70m over 2-3 years. The increase in demand for imported coal is primarily attributed to economic recovery driven by the relief measures taken by the Government of Pakistan (GOP) to mitigate the effects of COVID-19, which include a favourable package for construction, low... |
CBMI progresses Solid K4 project despite pandemic07 September 2021, Published under Cement NewsCBMI Construction Co Ltd (Sinoma) are pressing ahead with the Cemex Solid K4 New Line Project in the Philippines, despite the COVID-19 pandemic. Manila has received regular lockdowns for more than six months. Subcontractors have retreated from the site due the pandemic, material costs are increasing, labour costs have risen as have shipping costs and additional cost from COVID-19 precautions and measurement, but as the project's EPC contractor, CBMI has continued to work. CBMI als... |
Arabian Cement records 2Q21 revenue of SAR233m30 August 2021, Published under Cement NewsArabian Cement Co (ACC) registered a revenue for the 2Q21 of SAR233m (US$62m), a YoY increase of 66.9 per cent. The company achieved an 82.9 per cent YoY improvement in cement volume from its Saudi Arabian operations and a 51.5 per cent YoY growth in revenue from outside the kingdom, according to Al Rajhi Capital. Cement sales volume for the 2Q21 reached 0.7Mt, 7.9 per cent higher than the research house's estimate. Gross profit and operating profit increased by 2.0x YoY and ... |
Industry majors see success in the 1H2106 August 2021, Published under Cement NewsThis week we are taking a look at the first-half results of the cement industry majors, which have all seen a strong overall performance during the course of the year to date. Overall results Record results were posted by several major cement companies during the 1H21. Holcim saw net sales climb 16.6 per cent like-for-like (LfL) to CHF12.556bn (US$13.82bn), while HeidelbergCement posted a 11 per cent advance in group revenue to EUR8.938bn (US$10.55bn). Elsewhere, Cemex recorded a 22 per c... |