04 March 2021
CRH grows earnings in difficult year in 2020 04 March 2021
Ireland: CRH’s consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 5% year-on-year on a like-for-like basis to US$4.6bn in 2020 from US$4.5bn in 2019. Sales fell by 2% to US$27.6bn from US$28.1bn. The group reported a net debt/EBITDA ratio of 1.3x, its lowest since 2010.
Chief executive officer Albert Manifold said, "Our 2020 performance is testament to the commitment of our people and the strength and resilience of our business model. Through the repositioning of our business in recent years and our relentless focus on continuous business improvement, we have delivered record levels of profitability, margins and cash generation. Although the near-term outlook remains uncertain, our unique portfolio of businesses together with the strength of our balance sheet leaves us well positioned to capitalise on the growth opportunities that lie ahead."
By division the group reported growth in its US cement sales volumes in 2020 on a like-for-like basis due to demand in the west, surpassing the negative effects of the coronavirus pandemic elsewhere. However, volumes fell in Canada, particularly in the first half of the year. In 2020, CRH adopted the Ash Grove brand for all its North American cement businesses, unifying 12 cement plants and 42 cement terminals under one brand. In Europe sales and earnings fell due to poor markets in the west despite better conditions on the east. The group noted that it grew its profit in the Philippines due to a strong recovery in the second half and cost savings despite plant shutdowns.
US: Germany-based HeidelbergCement subsidiary Lehigh Cement has taken legal action against the Santa Clara county planning and development director over processing delays to the company’s planning applications. The Los Altos Town Crier newspaper has reported that the producer plans to fill in an open-pit aggregates mine, to open a second mine and to cut through a natural ridge near to its integrated Permanente cement plant near Cupertino in California. The plans constitute an amendment to a plan previously approved in 2012 .
The company says that it has ‘exhausted available administrative remedies’ against the local government office. It said that the rights it seeks to exercise are not subject to permits. It added that the director deemed the application complete in 2019, before requiring additional processing steps.
Israel: Seebo has announced an extended Series B funding round for a total of US$24m. Vertex Ventures is leading the round, in which10D, The Phoenix and Leumi Partners participate. Seebo will use the funding for a further expansion to its global reach, as well as enhancement of its process-based artificial intelligence product.
The company says that its product enables cement producers to identify process-driven inefficiencies in their operations in order to predict and prevent production losses. It can target losses including those involving kiln throughputs, emissions, clinker quality and ammonia usage. General partner Yanai Oron claimed that Seebo is the only supplier providing a productised solution based on artificial intelligence across the full product line.
China: Starlinger says that its Ad*Star bag has received designation as one of three types of national standard cement bag type specifications by the Chinese government. The supplier developed the block bottom valve bags made of woven polypropylene tape fabric in 1995. Global production was 15.7bn in 2020.
The new Chinese standard for cement packaging was released in October 2020. It applies to cement bags holding up to 50kg and lists laminated woven plastic bags (made of one layer of laminated plastic fabric or with additional paper liner), paper bags (three-layer, three-layer with PE liner, four-layer bags), as well as paper-plastic composite bags (paper bags with plastic liner) as possible packaging options. All three types of bags must be designed as block bottom valve bags.
The standard specifies the dimensions as well as physical and mechanical requirements of the cement bags. Regarding break resistance, for example, a cement bag has to survive a drop from 1m height a minimum of six times before it breaks. Furthermore, printing and marking, general bag appearance, testing methods, and rules for quality inspection during bag manufacture are established in the standard. It also stipulates that each bag must be provided with a certificate before selling.
Local cement companies have been given a transition period until 31 March 2022 to adapt to the new standard. Starlinger expects to deliver and install machines for an additional production capacity of more than 2 billion Ad*Star bags on the Chinese market in 2021 and 2022.
Cemex UK launches Supaflo Rapide screed 04 March 2021
UK: Mexico-based Cemex subsidiary Cemex UK has announced the launch of Supaflo Rapide, a calcium sulphate binder-based screed for all domestic and commercial floor applications. The company said that the product achieved a moisture condition of below 75% relative humidity at between 10 and 15 days under controlled conditions.
West Europe regional quality and product technology director Steve Crompton said, “Our technical expertise has enabled us to develop a new, more sustainable, premium quality screed that will help increase the efficiency of the job site, allow effective use of labour and improve the climate impact of projects. Supaflo Rapide uses an enhanced calcium sulphate binder and the latest admixture technology to cut down on drying time while maintaining the speed of installation associated with these types of screeds.” He added, “This will greatly benefit construction companies as they juggle the on-going challenges of site working requirements alongside increasing demand for fast and safe completion of jobs with a lower environmental impact.”