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Claudius Peters reports strong orders for first half of 2021 06 August 2021
Germany: Claudius Peters has reported strong order intake for the first half of 2021. Parent company Langley Holdings said that, “if the forecast to year end is met, [it] will be the highest since 2008.” It added that Claudius Peters’ France-based subsidiary was reorganised during the reporting period. Langley Holdings’ revenue fell by 2% year-on-year to Euro363m in the first half of 2021 from Euro370m in the same period in 2020. However, its operating profit increased significantly and it has forecast revenue growth of 15% for the year as a whole.
Colombia: Cement production grew by 33% to 6.50Mt in the first half of 2021 from 4.89Mt in the same period in 2020. Data from DANE, the Colombian statistics authority, shows that local despatches rose by 34% to 6.20Mt from 4.61Mt.
Thailand: Siam City Cement says that coronavirus-related public health measures reduced demand for cement towards the end of the second quarter of 2021. The group noted that the domestic market for cement ‘softened’ despite strong sales overseas in Vietnam, Sri Lanka and Bangladesh. Its overall net sales fell by 3.6% year-on-year to US$616m in the first half of 2021 from US$639m in the same period in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 4.4% to US$142m from US$149m. It also reported reduced sales from its ready-mixed concrete and aggregate business lines due to the pandemic’s effects on construction markets and the related closures of construction worker camps.
Sumitomo Osaka Cement starts operating terminal in Australia 05 August 2021
Australia: Sumitomo Osaka Cement has started operating a cement terminal at Port Kembla in New South Wales. The Japan-based cement producer owns a 30% share in the company running the unit, which operates as Falcon CP. The terminal has a silo capacity of 36,000t. Sumitomo Osaka Cement says it plans to use the terminal as a means to increase its activity in the local market. It runs its regional headquarters in Sydney trading as SOC Oceania.
Cameroon: A subsidiary of Ivory Coast-based Atlantic Group has signed an agreement with the Cameroon Investment Promotion Agency giving it tax incentives towards building a new cement plant. It plans to build a 1Mt/yr cement plant in the Port of Kribi, according to Business in Cameroon. Construction work on the plant is scheduled to start in 2021 with completion by 2024 at the latest. The project has an investment of around US$70m. Atlantic Group inaugurated the 1.5Mt/yr Société Ciment Côte d'Ivoire (SCCI) near Abidjan, Ivory Coast in January 2021.