Cement News tagged under: coronavirus
Breedon announces revenues of GBP928.7m in 202011 March 2021, Published under Cement NewsBreedon Group Plc has announced its annual results for the year ended 31 December 2020 when it achieved revenues of GBP928.7m (US$1.29bn) and profit before tax of GBP48.1m, down from GBP94.6m in 2019. The company sold 2Mt of cement as it did in 2019, and decreased aggregate sales to 21.7Mt in 2020 from 20.2Mt in 2019. Ready-mix sales fell to 2.6Mms from 3Mm 3 in 2019, while asphalt sales increased to 3.3Mt from 3Mt in 2019. "Although we remain mindful of the ongoing impact of COVID-1... |
Cementir records consolidated cement and clinker sales of 10.7Mt in 202010 March 2021, Published under Cement NewsCementir Holding's consolidated results for 2020 saw cement and clinker sales volumes total 10.7Mt, up by 12.9 per cent compared to 2019. This increase was mainly due to the upturn in sales in Turkey where cement volumes rose by 39 per cent over the year. Sales of ready-mix concrete equalled 4.4Mm 3 in 2020, up by 7.8 per cent while aggregates sales volumes totalled 9.5Mt, down by 1.8 per cent as a result of market contraction in Belgium and France due to the COVID-19 pandemic. Group ... |
PCA warns US cement consumption will take time to recover04 March 2021, Published under Cement NewsThe PCA's Market Intelligence Group announced its February outlook on the economy and cement consumption in the US. It stated that COVID-19 is expected to remain an elevated drag on the economic recovery as consumer spending is cautious and accounts for two-thirds of every US dollar generated in US GDP. While COVID-19 relief programmes have prevented the US economy slipping further, by themselves they are not expected to generate growth. US vaccine supply will be at its highest in the ... |
MPA's Sustainability Report 2020 is released04 March 2021, Published under Cement NewsThe Mineral Products Association (MPA) has published its Sustainable Development Report 2020, which covers a range of data from 2019/20 and is aligned with MPA's seven main strategic priorities and the corresponding objectives and targets. Despite challenging circumstances, the report outlines improvements across the mineral products sector. Due to COVID-19, the UK economy is estimated to have contracted by 10 per cent in 2020. However, construction activity and mineral products market... |
Cementos Molins records net profits of EUR93m in 202001 March 2021, Published under Cement NewsCementos 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 COVID... |
IKN continues to build Märker Cement's new Kiln Line No 826 February 2021, Published under Cement NewsThe 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 THB8048m18 February 2021, Published under Cement NewsSCG 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 EUR2805m17 February 2021, Published under Cement NewsVicat 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 NewsCemex 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 resumes08 February 2021, Published under Cement NewsLehigh 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 ... |