Displaying items by tag: GCW504

Thailand: Siam Cement Group’s first-quarter consolidated net revenue was US$3.91bn, up by 15% year-on-year from US$3.39bn. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 68% year-on-year to US$758m from US$452m. Net profit more than doubled to US$478m from US$223m. It attributed the profit growth to its cement and chemical businesses.

The group’s cement and building materials segment recorded an EBITDA of US$211m, down by 2% from US$216m. Its revenue remained stable. Demand for cement in Thailand grew by 3% in the quarter.

Turkey: The Turkish competition authority Rekabat Kurumu has launched a probe into alleged collusion by nine cement producers. The authority said that it is investigating AS Çimento, Bastas Baskent Çimento, Çimsa, Golas Goller Bolgesi Çimento, Konya Çimento, Kupeliler Endustri, Limak Çimento, Oyak Çimento and Brazil-based Votorantim Cimentos.

Switzerland: The Swiss cement association Cemsuisse has published Roadmap 2050, a plan for the achievement of net carbon neutrality by 2050. As part of the plan, the association says that Swiss cement producers will launch carbon capture and storage (CCS) installations at their plants from 2030. Individual companies’ plans also involve the reduction of products’ clinker factors and alteration of cement kiln fuel mixes.

Cemsuisse lobbied the government to approve producers’ mining permits in order to prevent an increase in imports from 686,000t in 2020. The figure corresponds to 15% of the nation’s 4.70Mt consumption.

Vietnam: Data from the General Statistics Office shows that cement companies produced 32.4Mt of cement in the first four months of 2020, up by 7% year-on-year. Projected April 2021 cement production is 9.40Mt, up by 17% year-on-year. The Viet Nam News newspaper has reported that the country produced 100Mt of cement in 2020.

Argentina: Holcim Argentina, part of Switzerland-based LafargeHolcim, has announced plans to open 1000 new branches of its Disensa retail chain by 2024. The Diario Financiero newspaper has reported that the chain opened 40 new locations during 2020.

General manager Natalia Soler said, "Being considered an essential sector, builders merchants continued to operate during quarantine. This scenario benefited us, coupled with the number of customers who took advantage of the context and their savings to make repairs to their homes."