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Displaying items by tag: Transport

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Cementos Argos increases sales in first quarter of 2022

10 May 2022

Colombia: Cementos Argos recorded sales of US$642m in the first quarter of 2022, up by 11% year-on-year from first-quarter 2021. The company’s earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 18% year-on-year to US$88.6m. Cement volumes remained level year-on-year at 3.9Mt. Cementos Argos said that higher inflationary pressures impacted costs associated with raw materials, energy, freight and maintenance, but noted its ‘very good price performance’ across all of its regions. It expects the rise in cement prices to a contribute to a reduction in inflationary cost impacts in the rest of 2022.

CEO Juan Esteban Calle said "Demand for our products and solutions remains very healthy and dynamic in all regions. We are operating at full capacity, despite a challenging environment due to global supply chain disruptions and inflation in energetics and raw material costs. In this environment, we are focused on maximising production at our integrated cement plants to meet our customers' growing needs and on executing a pricing strategy that mitigates the impact of inflation.”

Published in Global Cement News
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Congo government halves cement transport tolls

16 March 2022

Congo: The government has reduced tolls on the transport of cement by road by 50%. The Journal de Brazza newspaper has reported that the government contacted Dangote Cement to encourage it to resume dispatches from its Ndingui cement plant.

Published in Global Cement News
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Geely to establish electric cement truck battery change stations across China

15 March 2022

China: Geely will include electric cement truck battery pack change facilities in its roll out of 5000 vehicle battery change stations across China. Carscoops News has reported that the stations will be able to remove vehicles’ 3.2t, 280kWh battery packs in five minutes and fully recharge them in an hour. Cement truck drivers will be able to access the service via a simple QR code scan.

Published in Global Cement News
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Golden Bay Cement leases two hydrogen-fuelled cement trucks

07 March 2022

New Zealand: Golden Bay Cement has obtained two hydrogen-fuelled cement trucks produced by Hyzon. TR Group leased the vehicles to the cement company.

Golden Bay Cement said “These two zero emission green trucks signal the future, and are just another step we take to a smaller carbon footprint across our business.”

Published in Global Cement News
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Pakistan’s February cement exports drop amid rocketing production costs

04 March 2022

Pakistan: All Pakistan Cement Manufacturers Association (APCMA) members exported 405,000t of cement in February 2022, down by 34% year-on-year from 616,000t in February 2021. Domestic deliveries also dropped, by under 1% to 3.95Mt from 3.96Mt. Amid the declines, Pakistani cement producers have reported a steep rise in their costs due to increases in international freight rates and coal prices and the country’s on-going ban on trade with neighbouring India. Cheaper Iranian cement has undercut Pakistani cement sales to Bangladesh, while the Afghan market has yet to recover following the withdrawal of peacekeeping forces.

Published in Global Cement News
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Asia Cement (Russia) renews Freight One haulage contract

14 January 2022

Russia: Asia Cement has extended its contract with Freight One for the transportation of its cement by rail from Chais, Penza region. The producer said that it will aim to dispatch 164,000t of cement under the contract in 2022.

Published in Global Cement News
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Indian cement sales rise in first half of 2022 financial year

16 December 2021

India: Finance company ICRA reported all-India cement sales in the first half of the 2022 financial year of 124Mt, up by 22% year-on-year. Mint News has reported that the total value of cement sales rose by 5% in the period compared to the first half of the 2021 financial year. Producers’ raw materials costs rose by 16%, while power, coal and petcoke costs rose by 26% and freight costs rose by 7%. Granulated blast furnace slag (GBFS) and gypsum prices also rose.

ICRA corporate ratings assistant vice president and sector head Anupama Reddy said "Despite some easing in the cost-side pressures, the input costs are likely to remain elevated in the near term, and are expected to exert pressure on operating margins, which are likely to decline by 200 to 230 basis points (BPS) in the 2022 financial year as a whole. While the capacity additions are expected to increase year-on-year in the 2022 financial year, the reliance on debt is likely to be lower owing to the healthy cash generation and strong liquidity of the cement companies. The debt coverage metrics are expected to remain strong in the 2022 financial year."

Published in Global Cement News
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Prime Cement imports 50,000t of clinker via Port of Tanga

23 November 2021

Tanzania: Prime Cement has received a 50,000t shipment of Saudi clinker via the Port of Tanga. The Daily News newspaper has reported that the clinker will continue its journey by road to Rwanda.

Prime Cement’s business operations manager Mvayo Fabrice said "I call upon Tanzania Ports Authority to continue marketing the Port of Tanga so that we can receive more cargo and boost the regional economy and people's welfare."

Published in Global Cement News
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Jajpur Cements to commission 1.5Mt/yr Jajpur grinding plant in December 2021

16 November 2021

India: Sagar Cements says that its subsidiary Jajpur Cements is on track to commission its new 1.5Mt/yr Jajpur grinding plant in Odisha in December 2021. The Hindu BusinessLine newspaper has reported that the company invested US$41m in the plant’s construction. Sagar Cements acquired Jajpur Cements in May 2019 for US$16m. It had previously aimed to complete the new grinding plant’s construction by March 2021.

In October 2021, another Sagar Cements subsidiary, Satguru Cement, commissioned its new US$80.6m 1Mt/yr Indore integrated cement plant in Madhya Pradesh. The completion of both projects will bring Sagar Cements’ total installed capacity to 8.25Mt/yr. the company said that the new facilities will help in its rationalisation of freight expenses and help it to diversify its sales outside of existing markets.

Published in Global Cement News
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Ube Industries revises 2022 financial year forecast downwards

22 October 2021

Japan: Ube Industries has revised its profit forecast downwards for the 2022 financial year. It now expects a net profit of US$171m in the year to March 2022, a 15% fall year-on-year, compared to its previous forecast of US$184m. It has also forecast full-year consolidated sales of US$5.57bn, a rise of 3.4% year-on-year. The Nikkei newspaper has reported that the group attributed the lower figure for profit to increased costs of cement production, transport and its on-going integration of its cement businesses.

Published in Global Cement News
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