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20 August 2019

Prices and currency effects drive Votorantim Cimentos’ sales in first half of 2019

Brazil: Votorantim Cimentos’ revenue rose by 3.8% year-on-year to US$1.44bn in the first half of 2019 from US$1.39bn in the same period in 2018. Sales growth was driven by ready-mixed concrete and the company’s other businesses as cement sales fell slightly. It reported a profit of US$29.4m compared to a loss of US$72m previously. Its cement sales volumes fell by 6% to 13.8Mt from 14.7Mt.

"In the first half of the year, we achieved net revenue growth and stability in our leverage, even though the Brazilian economy has not yet achieved the anticipated recovery and despite the impact of an atypical seasonality in North America. In this second quarter, we followed our investment plan and inaugurated a new production line of mortar, in Cuiabá, and one of agricultural solutions, in Nobres, both in the Brazilian state of Mato Grosso," said Osvaldo Ayres Filho, Global chief financial officer (CFO) of Votorantim Cimentos. The company added that higher prices in Brazil, growing sales in North America and positive currency effects successfully offset poor results in Turkey.

Published in Global Cement News
Tagged under
  • Brazil
  • Votorantim Cimentos
  • Results
  • concrete
  • GCW419
20 August 2019

Wagners’ profit down following row with Boral

Australia: Wagners’ net profit fell by 49% year-on-year to US$8.66m in its financial year to 30 June 2019 from US$16.8m in the same period in 2018. It blamed lower cement sales volumes on a dispute with Boral and a delay in large infrastructure projects. It suspended its supply of cement to Boral in March 2019 when the latter company said it had found cheaper cement from a ‘long established’ supplier in South East Queensland. Wagners sales revenue grew by 2.3% to US$161m from US$157m.

Published in Global Cement News
Tagged under
  • Australia
  • Wagners
  • Results
  • Boral
  • GCW419
20 August 2019

South Korean cement producers reduce coal ash imports from Japan

South Korea: The Korea Cement Association (KCA) says its members will increase the use of coal ash from local thermal power plants or source alternative raw materials from domestic clay mines. The decision follows a trade dispute between South Korea and Japan, according to the Aju Business Daily newspaper.

The Environment Ministry started to tighten rules concerning the import of coal ashes from Japan in August 2019 citing fears of radioactive and heavy metal contamination. Importers are now required to submit an authorised radioactive inspection report and the analysis of heavy metal components. The KCA said its members use 3.15Mt/yr of coal ash and 1.28Mt/yr is imported from Japan.

Published in Global Cement News
Tagged under
  • South Korea
  • Coal ash
  • Korea Cement Association
  • Import
  • Japan
  • Government
  • clay
  • GCW419
20 August 2019

Power Cement shuts down old production lines

Pakistan: Power Cement has shutdown the older production lines at its integrated Nooriabad plant due to falling demand and prices. Chairman Nasim Beg said that the old lines were shut because they were ‘inefficient’ and not competitive under present conditions, according to Bloomberg. The plant had a production capacity of around 3150t/day from its older lines. In July 2019 it completed the installation of a new 2.46Mt/yr clinker line supplied by Denmark’s FLSmidth.

Published in Global Cement News
Tagged under
  • Pakistan
  • Power Cement
  • Plant
  • Shutdown
  • FLSmidth
  • GCW419
20 August 2019

Gebr. Pfeiffer opens new subsidiary in Russia

Russia: Germany’s Gebr. Pfeiffer has opened a new subsidiary called ‘Gebr. Pfeiffer GUS’ based in Moscow. The company is led by General Director Alex Nickel and it offers new machinery as well as after sales for customers based in the Commonwealth of Independent States (CIS) region. Nickel is joined by Sales Director Svetlana Tarasova and Service Manager Alexander Zolotarev. The parent company holds long links with the region with machine and equipment sales to countries including Russia, Ukraine, Kazakhstan, Belarus and Uzbekistan.

Published in Global Cement News
Tagged under
  • Russia
  • Gebr Pfeiffer
  • subsidiary
  • Commonwealth of Independent States
  • Germany
  • GCW419
20 August 2019

Allied Minerals completes upgrade at Pell City refractories plant

US: Allied Minerals has completed a US$11m upgrade to its Pell City plant in Alabama. The refractories manufacturer has been working on the project since mid-2018. The company originally operated two sites in Alabama at Anniston and Pell City. After it purchased Riverside Refractories in 2017 it decided to focus on the Pell City unit.

Published in Global Cement News
Tagged under
  • US
  • Allied Mineral Products
  • Refractory
  • Plant
  • Alabama
  • Riverside Refractories
  • GCW419
16 August 2019

Two Loesche mills for La Cruz Azul

Mexico: Installation of two Loesche petcoke grinding plants will be installed at La Cruz Azul’s cement plants Lagunas and Hidalgo later in 2019.

Both mills are LM 41.4 D type coal mills, the largest of their type. They will form part of new production lines at each of the two plants. In addition to the mills, which both have a capacity of 50-65t/hr, Loesche will also supply process gas filters, mill fans, inerting units, explosion vents, cyclone separators, conveyor augers and drag chain conveyors, as well as the complete electrotechnical equipment. The scope of supply also includes the complete detail engineering for the steel and concrete construction.

The equipment has already been fully dispatched. Installation is planned to start in December 2019 in Hidalgo. Installation of the grinding plant in Lagunas has already begun.

Published in Global Cement News
Tagged under
  • Mexico
  • Loesche
  • Cruz Azul
  • GCW419
16 August 2019

Suez Cement adds to list of loss-making Egyptian producers

Egypt: Suez Cement made a loss during the first half of 2019. Its net loss reached US$17.7m over the six month period, from a profit of US$14.4m in the first six months of 2018. The company generated US$199m in revenue during the first six months of 2019, compared to US$238m a year earlier.

Published in Global Cement News
Tagged under
  • Suez Cement
  • Egypt
  • Results
  • Loss
  • GCW419
16 August 2019

Votorantim buys mortar production unit

Brazil: Votorantim Cimentos has announced the conclusion of its acquisition of a mortar production unit from Supermassa. The plant, located in Ananindeua, Belem, in the state of Para, has capacity of 0.15Mt/yr. Votorantim Cimentos notes that the total investment, including the acquisition, modernisation of technology, installation of automation and other improvements, will total US$4.3m.

The acquisition is part of the company's growth and geographical diversification strategy. The purchase is the company's 11th mortar production unit, and brings its mortar production capacity up to 2.5Mt/yr.

Published in Global Cement News
Tagged under
  • Votorantim Cimentos
  • Brazil
  • Mortar plant
  • Acquisition
  • GCW419
16 August 2019

Environmental awards for Cementos Progreso

Guatemala: Cementos Progreso has received the National Award for Cleaner Production and the Sello Ambiental award in recognition of meeting environmental guidelines and having effective environmental management systems. The company has implemented preventative, proactive and inclusive systems across all of its operations and business units. This includes limestone and aggregate quarries, aggregate crushing, premixed concrete production, bag factories and the Estadio Cementos Progreso multi-sports stadium.

Published in Global Cement News
Tagged under
  • Cementos Progreso
  • Guatemala
  • Environment
  • Award
  • GCW419
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