Displaying items by tag: GCW444
Cementos Argos enjoys sales and EBITDA boom in 2019
25 February 2020Colombia: In 2019 Grupo Argos subsidiary Cementos Argos’ sales rose by 11% year-on-year to US$2.8bn from US$2.5bn in 2018 and its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 14% year-on-year to US$0.5bn from US$0.4bn in 2018. Cement dispatches rose by 0.6% to 16Mt. In the US, its main market, the company sold 6.3Mt of cement, up by 9.5% from 5.8Mt in 2018.
Argos CEO Juan Estaban Calle praised the company’s successes in 2019, such as the completion of its Thermally Activated Clays (TAC) project at its 1.4Mt/yr integrated Cementos Rioclaro plant in Colombia. “This allows for production and distribution of green cement with a greatly reduced clinker factor, 38% lower CO2 emissions and 30% of the energy consumption of ordinary Portland cement (OPC) production,” he said.
Huaxin Cement helps dispose of coronavirus waste
25 February 2020China: Huaxin Cement says that it has disposed of 55t of medical waste from coronavirus-infected hospitals in Wuhan province at its 3.4Mt/yr Yangxin cement plant in Hubei province. Xinhuanet News has reported that the plant’s precalciner and rotary kiln have safely processed the batch, from its delivery in sealed trucks, through the combustion of the waste and its packaging, into cement.
Ghori Cement achieves 0.2Mt/yr capacity
25 February 2020Afghanistan: Ghori Cement says that it has produced 18,600t of cement in January 2020, up by 400% from 3720t in January 2019. This would give the plant an annual production rate of 0.22Mt/yr, following ‘operational reforms and modernisation of spare parts.’ Arab News has reported that plans for the replacement of Ghori Cement’s Ghori, Pul-e-Khumri, cement plant with a new 0.4Mt/yr plant were interrupted by on-going civil strife in the region, north of the Afghan capital Kabul. Ghori cement plant general manager Riazudin Sharifi said, “Efforts are underway to further improve the capacity of the plant.”
Report shines light on causes of Queensland quarry fatalities
25 February 2020Australia: A report commissioned by the Queensland Ministry of Mines has investigated the causes of all 47 deaths in mines and quarries in the state between 2000 and 2019, concluding that systemic, organisational, supervision or training failures caused the deaths in almost all cases. The report proposed that the state government should require quarry operators to use the Serious Accident Frequency Rate (SAFR) as their metric for health and safety monitoring, calling the Lost Time Injury Frequency Rate (LTIFR) unreliable because it is prone to manipulation, being “a measure of how the industry manages injuries after they have occurred. It is possible, therefore, to reduce the LTIFR without making the industry safer,” said the report’s author Sean Brady.
In the Australian 2019 financial year, ending 31 July 2019, six people died in Queensland’s quarries and mine.
Fauji Cement’s second quarter profit drops by 82% year-on-year
24 February 2020Pakistan: Fauji Cement has reported a profit of US$1.23m in the second quarter of the 2020 fiscal year, between 1 October 2019 and 31 December 2019. This corresponds to a drop of 82% year-on-year from US$6.83m in the corresponding period of Pakistan’s 2019 fiscal year. The Express Tribune newspaper attributed the plunge to currency depreciation, lower retention prices and higher electricity tariffs. Sales in the three months to 31 December 2019 were US$34.4m, up by 5.5% year-on-year from US$32.6m to 31 December 2018.
The company said that the second quarter saw a 20% jump year-on-year in cement dispatches to 0.93Mt from 0.77Mt in the second quarter of the 2019 fiscal year. It expects a return to profitability in 2020.
Azerbaijan: Azerbaijan produced 0.19Mt of cement in January 2020, down by 24% from 0.25Mt in January 2019. Trend News Agency has reported that this is due in part to a shift in construction towards the ready-mix concrete with a lower clinker factor and the use of other materials such as brick. The total value of building materials produced in January was US$30.8m, up by 35% from US$22.8m in January 2019.
Carthage Cement alleges false testimony by FLSmidth lawyer
24 February 2020Tunisia: Carthage Cement has submitted a statement to Tunisian police in which it alleges false testimony by FLSmidth’s lawyer who advised the Danish supplier in a criminal case which saw one employee sentenced to five years for illegal payments to Carthage Cement’s owners in 2017. Ritzau Finans newspaper has reported that FLSmidth’s management admitted to knowledge of the payments on 21 February 2020, something it had denied to authorities when under investigation prior to the trial, which concluded in November 2019.
GCC beats forecast with strong US results
21 February 2020Mexico: Group Cementos Chihuahua (GCC) reported a better-than-expected fourth quarter in 2019, due largely to record sales volumes in the US, its main market. A delay to the start of the construction season, an order book containing contracts for oil well cement and alternative energy projects and strong residential and infrastructure segments, boosted its cement sales volumes by 12.3%. Along with an increase of 2.9% in prices overall (4.8% rise in the US), this gave rise to sales figures 13.2% higher than in the fourth quarter of 2018.
"Our excellent operational execution and robust distribution network, supported by improved climate, once again contributed to record volumes in cement in the US, surpassing our estimates," said Enrique Escalante, GCC’s Managing Director.
In its domestic Mexican market, sales increased by 5.6% due to a mixture of higher prices and appreciation of the national currency. Industrial warehouse construction segments, mining projects and middle housing in border towns were factors for the rise.
Oficemen presents Manifesto against an empty Europe
21 February 2020Spain: The Association of cement manufacturers of Spain (Oficemen) attended a debate at the European Parliament Headquarters in Brussels, Belgium that discussed future population trends across the EU.
The Vice President of Cembureau and Oficemen, Isidoro Miranda, was in charge of opening the meeting. He highlighted the role of the industry as an “activity that solidly confers on the economy of a country in terms of wealth generation, employment and the economic and social wellbeing.”
Highlighting that many cement plants operate for 80 or more years, Miranda added that of Spain’s 33 integrated cement plants, 12 are within what is considered to be ‘empty Spain,’ areas that have experienced rapid depopulation in the past 20-30 years.
To end the meeting, the President of Oficemen, Víctor García Brosa, highlighted that, "Depopulation is one of the great political challenges facing Europe today. It affects 80% of the territory and it is necessary to have strategies specific to promote economic development, access to services and connectivity. The decline or disappearance of traditional industries in Europe leads to loss of qualified employment and a mismatch between supply and demand in the labour market. A role for industries is essential to address the challenge of population fixing and combating emptied Europe."
During the event, Oficemen and The Industrial Federation of Food and Beverages (FIAB) presented a 'Manifesto against the Empty Europe,’ which they say is "a call made to the institutions of the EU to strengthen the role of the industry as a brake on the demographic decline.
Ambuja’s profit halves
21 February 2020India: Lafarge Holcim-owned Ambuja Cement’s consolidated net profit almost halved to US$100.4m during the three months to 31 December 2019, from US$191.4m in the three months to 31 December 2018. The 2018 result was boosted by a one off benefit of US$121.5m, meaning that underlying operating profit has improved year-on-year. Ambuja’s revenue from operations was up by 6% to US$992m from US$936m.