Displaying items by tag: Sales
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.
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.
HeidelbergCement indicates stronger fourth quarter
18 February 2020Germany: HeidelbergCement has reported that its result from current operations (RCO) for the fourth quarter of 2019 grew by 3% year-on-year to Euro603m, from Euro584m in the fourth quarter of 2018. Its result from current operations before depreciation and amortisation (RCOBD) grew by 13% to Euro968m from Euro858m, while its revenue declined by 3% year-on-year from Euro4.70bn to Euro4.58bn.
HeidelbergCement reported that its cement sales were 31.4Mt for the quarter, 2% lower than the 32.0Mt sold in the fourth quarter of 2018. It will release its consolidated financial results on 19 March 2020.
Cementir revenue rises marginally
18 February 2020Italy: Cementir Holding, a Caltagirone Group company, closed 2019 with revenues of Euro1.21bn, according to the consolidated preliminary results examined yesterday by the board of directors chaired by Francesco Caltagirone Jr. This represents a year-on-year rise of 1.2% compared to 2018.
Cementir’s gross operating margin grew by 10.6% to Euro263.8m. Cement and clinker volumes, however, fell by 3.4% to 9.5Mt. On a like-for-like basis, cement and clinker sales were down 5%. The company attributed this to a ‘negative trend’ in Turkey, partially balanced by the positive performance of Belgium and Denmark. Ready mixed concrete sales also fell due to the effects of the Turkish economy. Overall ready mixed concrete sales fell to 4.1Mm3/yr, a drop of 16.4% year-on-year.
Japan: Mitsubishi Materials and Ube Industries have signed a letter of intent to start discussing a potential merger of their cement businesses and related concerns. If the discussions and a subsequent study are successful, the companies plan to sign a definitive agreement in late September 2020 ahead of an anticipated integration around April 2022. Any formal decision to merge the companies would be subject to approval from the Japan Fair Trade Commission.
The companies have decided to explore merging their cement operations following slowing demand and increased costs due to higher energy prices. They have worked together since 1998 in a joint venture called Ube-Mitsubishi Cement, which integrated their cement sales and logistics operations.
Langley Holdings 2019 profit falls by 42% year-on-year
11 February 2020UK: Langley Holdings recorded a 42% year-on-year fall in profit in 2019 to Euro59.9m from Euro103m in 2018. There was a 3.3% decline in sales year-on-year to Euro820m from Euro848m. The company attributed its profit drop to its Marelli Motori acquisition and reorganisation of the Italy-based motor and generator producer. Langley Holdings Chairman Tony Langley said, “The group is now poised for the next phase of its development.”
Russian consumption rises by 9.6% year-on-year in January 2020
11 February 2020Russia: Russian producers sold 2.4Mt of cement in January 2020, up by 9.6% from 2.2Mt in January 2019. This is in line with Unioncement’s optimistic forecast of 6% year-on-year demand growth. The coming construction season promises sustained growth due to the planned renovation of housing stock, the implementation of integrated development projects and an increased share of roads built using cement concrete, in line with the country’s 2020 Housing and Urban Environment programme and President Putin’s social initiatives.
Buzzi Unicem boosts 2019 sales by 12% year-on-year
10 February 2020Italy: Buzzi Unicem’s consolidated sales rose by 12% year-on-year to Euro3.22bn in 2019 from Euro2.87bn in 2018. The company saw a rise in cement sales volumes of 4.3% year-on-year to 29Mt from 28Mt. The company attributed the boost to its 0.9Mt integrated Testi plant in the Veneto region of Italy, which it commissioned on 1 July 2019, and two new grinding plants in Italy and Germany.
JK Cement records 130% year-on-year nine-month profit growth
10 February 2020India: JK Cement has announced a rise in total comprehensive profit (net of tax) over the nine months ended 31 December 2019 of 130% to US$56.2m from US$24.5m in the corresponding period of 2018. Revenues rose by 14% year-on-year to US$567m in the period from US$495m over the nine months to 31 December 2018.
On 3 February 2020 JK Cement commissioned a 1.5Mt/yr and a 1.0Mt/yr grinding unit at its Aligarh, Uttar Pradesh, and Mangrol, Rajasthan, plants.