Displaying items by tag: GCW443

Tunisia: Brazil’s Votorantim Cimentos has ordered a clinker cooler and clinker roller crushers from Turkey’s Fons Technology International for an upgrade to its 1.2Mt/yr integrated Jbel Oust plant. Votorantim has been present in Tunisia since 2012 where it sells cement under the Jbel Oust brand.

Germany: HeidelbergCement’s revenue rose by 2.1%, on a like-for-like basis, to Euro18.9bn in 2019. In its preliminary results the group said that it had focused on prices rather than sales volumes. Its cement and clinker sales volumes fell by 1.6% year-on-year, excluding consolidation effects, to126Mt in 2019. Ready-mixed concrete sales rose by 3.4% to 50.7Mm³. Its current operations before depreciation and amortisation rose by 2.5%, on a like-for-like basis, to Euro3.58bn. The building materials producer plans to issue a more detailed trading statement in mid-February 2020 detailing its performance.

Mexico: Cemex’s operating earnings have fallen in Mexico and the US. Its net sales fell by 3% year-on-year to US$13.1bn in 2019 from US$13.5m in 2018. Its cement sales volumes dropped by 7% to 62.8Mt from 67.2Mt. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased by 11% to US$2.38bn from US$2.69bn.

“In a very challenging year with weaker macroeconomic and market conditions prevailing in several of our operations, we were able to limit the downside to our EBITDA and free-cash-flow generation through the decisive and proactive initiatives under our ‘A Stronger Cemex’ program,” said Fernando A Gonzalez, chief executive officer of Cemex. He added that the group was ‘cautiously optimistic’ about its outlook for 2020, with market improvements expected in Mexico and the US.

By region, sales and earnings fell in Mexico due to decline in public and private investment. In the US sales grew, but earnings fell, in a market beset by bad weather, weak residential performance and competition in Florida. Sales and earnings grew in Europe on a like-for-like basis driven by infrastructure demand. Elsewhere sales and earnings fell, although a stronger market was noted in Colombia.

Cyprus: Vassiliko Cement has launched an 8MWh photovoltaic solar plant. It is located in a former quarry in the Amalas area, approximately 8km from its cement plant. The unit is expected to supply around 10% of the cement plant’s electricity requirements. The project had an investment of around Euro6.5m. The lead contractor on the project was Sunel.

Canada: McInnis Cement, Écotech Québec and the Gaspésie Cleantech Hub, in collaboration with the Québec Ministère de l’Économie et de l’Innovation, have launched a call for innovations to identify carbon capture and utilisation technologies for the Port-Daniel-Gascons, McInnis cement plant. This call for innovations will run until May 2020 and then selected organisations will be invited to explore future options.

“From the moment the company was founded, McInnis Cement has been exploring the option of replacing some of the hydrocarbons used as fuel for the plant with locally generated residual forest biomass so as to reduce its environmental emissions,” said Maryse Tremblay, Director of Communications and Corporate Social Responsibility at McInnis Cement. She added that a study to verify the feasibility of using this type of alternative fuels is underway and that this may be followed by a pilot project.

Écotech Québec is a non-profit organisation, funded by the provincial government, which represents Québec's ‘clean’ technology cluster. It supports businesses, researchers, investors and associations to help accelerate the development, financing and commercialisation of clean technologies. The Gaspésie Cleantech Hub is an economic development organisation created to help the region increase the economic benefits of establishing the McInnis cement plant.

Peru: Cementos Pacasmayo’s sales have been boosted by infrastructure work, coastal El Niño reconstruction projects and private projects. Its cement, concrete and precast shipments rose by 10.6% year-on-year to 2.62Mt in 2019 from 2.34Mt in 2018. Its sales grew by 10.3% to US$410m from US$372m. Its consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 7.7% to US$118m from U$109m.

Saudi Arabia: Yamama Cement’s sales grew by 64% year-on-year to US$214m in 2019 from US$139m in 2018. Its net profit after zakat and tax was US$68.3 following a loss of US$13.8m.

Pakistan: Cherat Cement’s turnover grew by 35% to US$45.6m in the half year to 31 December 2019 from US$61.6m in the same period in 2018. However, its operating profit more than halved to US$2.4m from US$6.2m due to a 50% increase in its cost of sales.

Tunisia: Carthage Cement has obtained CE marking for its products to help it penetrate the European market. It plans to start a 0.15Mt cement export contract in March 2020.

Colombia: Finland’s Wärtsilä has signed a further four-year extension to its operation and maintenance (O&M) agreement with Cemex Colombia. The original agreement was started in 1998 and it has now been extended to the end of 2023. Cemex’s integrated Caracolito cement plant uses a 26MW power plant operating on five Wärtsilä 18-cylinder 34SG engines in V-configuration running on natural gas. Wärtsilä employs 15 personnel in the running of the power plant, all of whom were hired locally.