09 March 2022
Imports drive US cement shipment growth in 2021 09 March 2022
US: Cement shipments grew by 4.2% year-on-year to 107Mt in 2021 from 103Mt in 2020. Data from the United States Geological Survey (USGS) show that domestic shipments and imports rose by 2.3% to 90.8Mt and 16% to 16.3Mt respectively. Regionally, particular gains were reported in New England and Middle Atlantic, West North Central, Arkansas, Oklahoma, Arizona and New Mexico. Puerto Rico reported a 47% decline in shipments. The largest cement exporting nations to the US were Turkey, Canada, Greece, Mexico and Vietnam. Turkey, Greece and Vietnam each increased their imports by over 30% in 2021.
China Tianrui Group expects 30 - 40% profit drop in 2021 09 March 2022
China: China Tianrui Group has forecast its full-year profit and total comprehensive income as US$187m - 218m in 2021. This corresponds to a 30 - 40% year-on-year decline from its US$312m profit and comprehensive income in 2020. The company attributed the expected decrease to a year-on-year rise in coal prices and decline in cement prices, the latter due to flooding-related demand disruptions in Henan Province.
Breedon Group benefits from pent-up demand post-Covid 09 March 2022
UK: Breedon Group’s sales revenue grew by 33% to Euro1.48bn in 2021 from Euro1.11bn in 2020. Its statutory earnings before interest and taxation more than doubled to Euro153m from Euro74m. Cement and concrete sales volumes increased by 20% to 2.4Mt and 23% to 3.2Mm3 respectively. The group described 2021 as an ‘exceptional’ year for its cement business due to pent-up demand following the outbreak of the Covid-19 pandemic.
“2021 was a record year for Breedon. We navigated the second year of the pandemic successfully, supplied our customers with more materials than at any point in our history and fully integrated the Cemex assets,” said chief executive officer Rob Wood.
UK: Hercules Enterprises plans to establish an up to 0.5Mt/yr grinding plant at Sheerness on the Isle of Sheppey in Kent, according to Kent Online News. The plant would comprise two clinker grinding lines, a mobile ecohopper, a mechanical transport system for transfer of material into storage, a 47,000m3 clinker storage hall, six 3000m3 cement silos, three 3000m3 fly ash silos, two packing plants and a palletising hall.
Misr Cement Qena boosts profit and sales in 2021 09 March 2022
Egypt: Misr Cement Qena recorded a consolidated net profit of US$11.1m in 2021, more than seven times its 2020 net profit of US$1.46m. Its net sales were US$160m, up by 0.4% from slightly below US$160m.
ISGEC Heavy Engineering to supply waste heat recovery unit for Shree Cement’s Nawalgarh plant 09 March 2022
India: ISGEC Heavy Engineering has received an order from Shree Cement to supply a waste heat recovery (WHR) unit for the integrated 3.8Mt/yr Nawalgarh plant in Rajasthan. The scope of work includes design, manufacture and supply of the system. The supplier says that this will be one of the world’s largest steam-based WHR units by capacity. ISGEC previously supplied two WHR units for Shree Cement’s Raipur plant.
Chlef cement plant to export 1.5Mt in 2022 09 March 2022
Algeria: The Entreprise des Ciments et Dérives d’Ech-Cheliff (ECDE) plant plans to export 1.5Mt of cement in 2022. Exports will be sent to countries in Europe, Africa and Latin America, according to the Algeria Press Service. The subsidiary of Groupe des Ciments d'Algérie’s (GICA) opened a third production line at the site intended solely for exports. The unit has a production capacity of 4.2Mt/yr.
Ghana: The Chamber of Cement Manufacturers (COCMAG) has lobbied against the government’s decision to reduce the benchmark value to 30% from 50%. It says that a reduction in discounts on selected imports will result in higher production costs that could be passed on to the price of cement, according to the Business and Financial Times newspaper. Local limestone producers are also reported to be trying to increase their prices by over 60%, which could also put up prices. COCMAG has cited growing clinker, transport and fuel input costs as a potential source of higher production costs as well as negative currency exchange effects. COCMAG wants the government to maintain the benchmark value at 50% for input materials for cement production
The benchmark system was introduced in 2019 as a way of discounting the price of certain imports. Under the policy, certain commodities were benchmarked to world prices as a risk management tool.
Schmersal stops supply to Russia 09 March 2022
Germany: Schmersal Group has asked its Russian sales partner to suspend the supply of safety switchgear and systems. It said that the action was not easy for the company as it meant stopping a ‘noticeable’ sales volume. Managing director Philip Schmersal said, "We do not want to contribute to the economy and production of a country that disregards the sovereignty of another country and brings great suffering to its people.”
Anhui Conch to invest around U$800m in solar subsidiary 09 March 2022
China: Anhui Conch plans to invest around US$800m in its Anhui Conch New Energy subsidiary towards the development of photovoltaic (PV) projects. By the end of 2022 the company plans to have installed PV power generation capacity of 1GW with an output of 1bn kWh. Anhui Conch fully acquired the subsidiary in August 2021.