Beumer increases stake in Codept
Germany: Beumer has enlarged its stake in logistics software provider Codept. The company’s product offers warehouse management and fulfilment throughout Europe. The start-up company was founded with the support from the Berlin-based, autonomous company builder Beam, a spin-off of Beumer Group
Managing Director Felix Ostwald said "We are happy to seal a long-term partnership with Beumer. During the past two years we have cooperated successfully and are therefore glad to intensify this cooperation."
Sharcem to buy Kazakh cement assets from Kazakhcement and Development Bank of Kazakhstan
Kazakhstan: Sharcem, part of Singapore-based International Cement Group (ICG), plans to acquire US$16.3m-worth of cement assets in Kazakhstan. The Business Times newspaper has reported that the sellers are Kazakhcement and the Development Bank of Kazakhstan. Kazakhcement currently operates the 1.0Mt/yr Shar plant in Charsk, East Kazakhstan. ICG said that the opportunity presented an ‘attractive’ foothold in the growing Central Asian market. The acquisition is scheduled for completion by 31 May 2021 once the conditions of the sales and purchase agreement are finalised.
Eagle Cement’s net sales fall in 2020
Philippines: Eagle Cement recorded full-year consolidated net sales of US$286m in 2020, down by 30% year-on-year from US$408m in 2019. The company said that it recorded a stronger performance in the second half of 2020, according to the Manila Times newspaper. Second-half sales fell by 14% year-on-year to US$165m. Its full-year net income fell by 44% to US$70.1m from US$124m.
Chief executive officer Paul Ang said "The halting of our operations due to pandemic-related restrictions took a hit on our results in the first half of 2020 but the remaining half proved that we are well-positioned to bounce back. We saw improvement in our volume and we are able to bring down our production cost in 2020.” He added "We will continue to work on aggressive marketing and better pricing strategies for this year and this will be complemented by focusing on cost control initiatives in our operations, which will enable us to deliver better returns in 2021."
Bedeschi secures Lafarge Cement Polska cement plant crushing and storage equipment supply contract
Poland: Italy-based Bedeschi has won a contract with China-based Nanjing Kisen International Engineering, part of China National Building Materials, to carry out equipment supply for the modernisation of crushing and storage facilities at a Lafarge Polska cement plant in Poland. The supplier says that it will provide a crushing system featuring two RI 450/15000 double rollers and two Pal SP 130/18 portal reclaimers for raw materials storage.
China: Asia Cement (China) has predicted a year-on-year increase of 110 - 130% in its consolidated net profit in in the first quarter of 2020. The company has attributed the anticipated growth to increased sales volumes during the quarter.
Cemex to buy aggregate assets in France
France: Mexico-based Cemex has signed an agreement to buy assets in Paris metropolitan area. The new acquisitions consist of two aggregates quarries and a rail platform. The assets previously belonged to Ireland-based CRH subsidiary Equiom Granulats. The purchase is expected to be completed during the second quarter of 2021.
Europe, Middle East, Africa and Asiaregional president Sergio Menendez said, "This acquisition will allow us to better serve our customers by integrating and complementing our portfolio to provide a comprehensive and sustainable offering, directly aimed at the rapidly growing needs of the North Paris Metropolitan Area." He added "This is a clear example of the efforts that we are doing to foster earning before interest, taxation, depreciation and amortisation growth by investing in key high-growth urban centres worldwide."
China: Huaxin Cement has forecast consolidated net profit growth of 104% - 111% year-on-year to US$55.7m – US$59.6m in the first quarter of 2021 from US$53.7m in the same period in 2020. The group said that cement volumes rose by 60% and concrete and aggregate volumes grew by over 200%. The cement producer has attributed the growth to the impact of coronavirus upon its business at the start of 2020.
India: Ambuja Cement, part of Switzerland-based LafargeHolcim, plans to commission its upcoming Mundwa cement plant in Rajasthan by September 2021. The plant will have a total capacity of 5Mt/yr, consisting of 3Mt/yr of integrated and 2.0Mt/yr of grinding capacity. The Hindu newspaper has reported that the company aims to achieve 50Mt/yr total installed capacity in the medium term. It said that it is evaluating possible plant upgrades at Bhatapara in Chhattisgarh and Maratha in Maharashtra.
India: Birla Corporation has commissioned a 28MW solar power plant at a cement plant in Uttar Pradesh. EQ International has reported that Waaree Energies supplied 330kW and 335kW solar modules for the project. The subsidiary of Waaree Group is one of the largest solar photovoltaic module manufacturers in the country.
Central America: Imports from Vietnam accounted for 30% of total cement imports to Central America in the first nine months of 2020. The country accounted for no significant share of cement imports to the region as recently as 2016. Central America Data has reported that Turkey supplied 18% of regional cement imports in the first nine months of 2020. Mexico supplied 8% and Barbados 4%.