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News Elementia’s consolidated volumes, sales and earnings grow in 2020

Elementia’s consolidated volumes, sales and earnings grow in 2020

Written by Global Cement staff 26 February 2021
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Mexico: Elementia sold 5.3Mt of cement in 2020, up by 4% year-on-year from 5.1Mt in 2019. Consolidated net sales rose by 8% to US$1.34bn from US$1.24bn, while earnings before interest, depreciation, taxation and amortisation (EBITDA) rose by 8% to US$170m from US$157m. Cement business sales rose in all regions with the exception of Central America with particular earnings growth record in the US.

The company also noted that the sale of its integrated Bath plant in Pennsylvania, US remained under review by competition authorities with a response hoped for in April 2021. The sale of the unit to HeidelbergCement-subsidiary Lehigh Hanson was first announced in September 2019.

Last modified on 03 March 2021
Published in Global Cement News
Tagged under
  • Mexico
  • Elementia
  • Results
  • US
  • Plant
  • Pennsylvania
  • Competition
  • GCW495

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