Displaying items by tag: GCW481

Nigeria: Dangote Cement has reported group sales of US$2.00bn in the first nine months of 2020, up by 12% year-on-year from US$1.79bn in the first nine months of 2019. Its cement volumes rose by 7% to 19.2Mt from 18.0Mt, while its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 17% to US$934m from US$797m.

Chief executive officer (CEO) Michel Puchercos said, “Dangote Cement’s strategy to offer high quality products at competitive prices is meeting customers' expectations in Nigeria and across the continent, where we continue to deploy excellent marketing initiatives and operational excellence. We remain committed to protecting our staff and communities by being fully compliant with health and safety measures in all our territories of operation. We are focused on adapting to the rapidly evolving markets in which we operate.”

The group said, “By 2021, all our countries of operation are estimated to return to growth, and we are well positioned to capture the demand eventually driven by this economic growth. We have seen a strong recovery across our operations in the third quarter of 2020, which is our strongest third quarter to date.” It added, “Our vision is for West and Central Africa to become cement and clinker independent, with Nigeria being the main export hub. This will notably contribute to the improvement of regional trade within the Economic Community of West African States (ECOWAS) region and beyond with the African Continental Free Trade Area (AfCFTA).”

UK: Breedon Group says that it has agreed to sell 14 sites to Tillicoultry Quarries for Euro13.5m. The sale includes a cement terminal and two quarries in Scotland, and 10 ready-mix plants and an asphalt plant in England. Breedon says it is making the divestment in order to meet the concerns of the Competition and Markets Authority (CMA) with regard to its takeover of part of Cemex UK’s ready-mix and aggregates operations. Once completed the group expects to be able to finalise its integration of the remaining assets acquired from Cemex into its existing business.

Chief executive officer (CEO) Pat Ward said, "We are very pleased with the outcome of this process and believe it is in the interests all stakeholders. It allows Breedon to realise fair value for the assets disposed of, which, together with the people employed in them, will be in good hands under new ownership by Tillicoultry Quarries."

China: The Ministry of Industry and Information Technology has named Anhui Conch Cement subsidiary Chongqing Conch’s integrated cement plant in Chongqing State a National Green Factory for its “resource conservation, recycling and harmonious development.”

The company says that its efforts include “implementation of precision denitrification, wet flue gas desulfurisation, belt corridor noise reduction, electricity conversion bags, rainwater collection and other environmental protection technology reforms,” as well as co-processing domestic waste from the city of Chongqing as fuel. The plant has also undergone greening, and its 30,000 new trees form a habitat for wildlife. It said that the scenery also “greatly enhances employees' sense of happiness and gain.”

India: Dalmia Bharat’s earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 15% year-on-year to US$177m in the first half of the 2021 financial year, from US$154m in the first half of the 2020 financial year. Overall sales were US$591m, down by 8% from US$644m, while cement sales fell by 5% to US$567m from US$596m. The company attributed this to “a seasonal weakness of cement prices during the second quarter especially in the eastern region” in addition to a fall in volumes by 6% to 8.46Mt from 9.02Mt in the first half.

Chief executive officer (CEO) and managing director Mahendra Singhi said, “The strength of our company’s foundation is visible in overall improvement in the operating metrics during the second quarter and during the first half of the 2021 financial year. Our team has truly been instrumental to our success and we are completely geared up for a successful integration of the new capacity and ramping up its utilisation levels. Our second quarter EBITDA of US$94.6m is the highest ever for the company.”

China: The Ministry of Industry and Information Technology has named Huaxin Cement’s Yangxin plant in Hubei province on its National Green Manufacturing 2020 list. The list includes industrial facilities that have taken successful measures towards sustainability and pollution reduction.

The company said that the plants have together invested US$15m in “dust collection system transformation, rain and sewage separation projects, mill sound insulation and noise reduction treatment, kiln bypass air release and other large-scale environmental protection projects, supplemented by “greening and cleaning” and tree planting.” It added that the plant processes 219,000t/yr of refuse-derived fuel (RDF), saying, “This signifies our successful transformation from a traditional cement company to a green and environmentally friendly building materials company.”

France: LafargeHolcim subsidiary Lafarge France says that it will continue to provide its regular service to customers as operations continue into a second national coronavirus lockdown in 2020. This was made possible by the government’s decision to permit the continuation of construction and industrial activities, according to the company.

It said, “The company has learned a lot since the containment last spring and is prepared to guarantee the best possible service for all of its markets, even under the specific conditions linked to the acceleration of the Covid-19 epidemic. All activities - cements, concretes and aggregates - will therefore operate normally throughout the country.” It added, “All our sites are now showing sufficient stock levels to deal calmly with the coming months.”

France: Switzerland-based LafargeHolcim and Netherlands-based Witteveen + Bos have launched the 3D Printing Hackathon, an event in which engineering, architecture, and materials science students will compete to develop a new product leveraging 3D concrete printing technology to solve major problems in construction.

LafargeHolcim will supply concrete and provide technical mentorship to contestants. The company said that, while construction accounts for 40% of global carbon dioxide (CO₂) emissions, 1.6bn people are altogether without adequate housing. “Building more with less accelerates the speed of construction and reduces a building’s footprint. Leading the way in green building solutions, LafargeHolcim is actively deploying 3D printing towards addressing these challenges.” Research and development head Edelio Bermejo added, “We need to join forces to make this ground-breaking technology a reality. Join us on this exciting adventure!”

The group is offering a prize pool of Euro15,000 and operational support for full-scale implementation of the winning 3D printing solution.

Spain: HeidelbergCement subsidiary FYM has partnered with the University of Malaga (UMA) to create a chair on climate change at the institution. The position aims “to create and promote the study, research and development of new solutions to the climate emergency and its consequences for nature and daily life.” The company said that this consists in: “deepening the knowledge of the causes and consequences of climate change in Malaga Province, investigating the possibilities of its mitigation, especially through circular economic processes, encouraging research, development and innovation within the different lines of action in the fight against climate change, setting and substantiating industry targets and promoting understanding of the effects of climate change and the different forms of mitigation and adaptation.”

Germany: HeidelbergCement recorded net sales of Euro13.1bn over the first nine months of 2020, down by 8% year-on-year from Euro14.3bn over the corresponding period of 2019. Sales fell in most regions during the nine month period but rose in Africa-Eastern Mediterranean by 4% to Euro1.31bn from Euro1.26bn. Group cement volumes totalled 17.9Mt, down by 2% from 18.3Mt, while concrete volumes fell by 12% to 4.40Mt from 5.00Mt.

Speaking of the third quarter of 2020, chair Dominik von Achten said, “HeidelbergCement has achieved an excellent result. In an environment that continues to be characterised by major regional differences and great uncertainty, we were able to increase earnings before interest, taxation, depreciation and amortisation (EBITDA) by 17% in comparison to the third quarter of 2019.“ He added that the group expected earnings to grow in 2020 compared to 2019.

Pakistan: Cement producers dispatched a record 5.74Mt in October 2020. Exports rose by 12% to 875,000t from 784,000t. The Nation newspaper has reported that the figure brings Pakistan’s total dispatches for the first four months of the 2021 financial year, from 1 July 2020 to 31 October 2020, to 19.3Mt, up by 20% from 16.1Mt in the first four months of the 2020 financial year.

The All Pakistan Cement Manufacturers Association said that cement consumption may increase further if the government rationalises duties and taxes and withdraws excise duty.