Displaying items by tag: volumes

US: Eagle Materials’ consolidated sales were US$1.68bn during the first nine months of its 2023 financial year, up by 16% year-on-year from US$1.45bn in the corresponding period of the 2022 financial year. Its net earnings were US$361m, up by 20% year-on-year from US$300m.

In its cement business, the group noted a drop in volumes and a rise in prices year-on-year during the third quarter of the 2023 financial year. Low inventory levels and ‘difficult weather’ reportedly impacted on demand. The group’s cement volumes fell by 13% year-on-year to 1.7Mt. This resulted in a 2% drop in the cement business’ revenues, to US$256m.

India: NCL Industries produced 713,000t of cement in October – December 2022, the third quarter of the 2023 financial year. The figure corresponds to a rise of 27% year-on-year from 561,000t in the corresponding quarter of the 2022 financial year. NCL Industries produced 19,300t of cement boards throughout the quarter, down by 3% year-on-year from 19,900t.

Bolivia: The Bolivian National Institute of Statistics (INE) recorded total national cement production of 3.3Mt during the first 10 months of 2022, up by 12% year-on-year from 2.9Mt in the corresponding period of 2021. Meanwhile, cement sales rose by 5.6% year-on-year to 3Mt, from 2.84Mt. Compared to 2019 volumes, cement sales fell by 5.6% from 3.96Mt. Nonetheless, Bolivian Cement and Concrete Institute (IBCH) general manager Marcelo Alfaro said that the results 'consolidated the rebound' that began in 2021. Cement sales volumes previously dropped by 23% year-on-year to 3.03Mt in 2020, amid successive Covid-19 lockdowns.

Fábrica Nacional de Cemento (FANCESA) commercial manager Álvaro Cuéllar said "FANCESA is making the necessary efforts to meet its share of the domestic market." Cuéllar added "We are close to 9Mt/yr of capacity for a market that in 2019 approached 4Mt/yr. That is why we have many kilns stopped and the industry is working at half speed."

Kazakhstan: Steppe Cement's full-year sales were US$86.5m during 2022, up by 11% year-on-year from 2021 levels. This came about despite a 1.2% year-on-year drop in its cement volumes. The producer also overcame high inflation, which reached 20% year-on-year in Kazakhstan in December 2022.

Steppe Cement said "We continue our capital expenditure programme to increase our production capacity of clinker and cement by mid-2023, as well as to reduce power and coal consumption."

Argentina: Portland Cement Manufacturers Association (AFCP) members sold of cement sold 13Mt of cement in 2022, up by 7% year-on-year. Local press reported that sales volumes were at their highest since 2012. Exports dropped by 24% year-on-year to 83,300t, from 115,000t.

Ireland: CRH's consolidated sales were US$24.4bn during the first nine months of 2022, up by 13% year-on-year from nine-month 2021 levels. Regional sales grew by 18% in the group's America's Materials business, with a 12% rise in cement sales there, despite a drop in volumes. Elsewhere, for the Europe Materials business, sales remained level year-on-year, and higher pricing offset costs growths in all key markets except Asia and Europe West. The producer's consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 14% to US$4.2bn.

For the full year 2022, CRH expects to record a profit before tax greater than that of US$3.1bn recorded in 2021.

Chief executive officer Albert Manifold said ‘‘Notwithstanding a challenging and volatile cost environment, I am pleased to report further growth in sales, EBITDA and margin during the first nine months of the year. This performance reflects the resilience of our business and the benefits of our integrated and sustainable solutions strategy. The strength of our balance sheet, combined with our relentless focus on disciplined capital allocation, provides further opportunities to create value for all our stakeholders." Manifold added "Looking ahead to the remainder of 2022, we expect to deliver full-year EBITDA of approximately US$5.5bn."

Nigeria: Dangote Cement's consolidated sales grew by 15% year-on-year to US$2.66bn during the first nine months of 2022 from US$2.31bn in the same period in 2021. In Nigeria the company recorded cement and clinker sales volumes of 13.5Mt, down by 4.7% from 14.1Mt. In the rest of Africa its cement and clinker sales were 7.37Mt, down by 9.7% from 8.16Mt. The group recorded consolidated earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$1.17bn, up by 0.2% from US$1.16bn.

Throughout the first nine months of 2022, Dangote Cement co-processed 102,000t of alternative fuel in its cement production, up by 77% year-on-year from the corresponding period of 2022.

Vietnam: Vietnam Cement Industry Corporation (Vicem) sold 18.5Mt of cement during the first nine months of 2022, up by 6.5% year-on-year from the same period in 2021. The producer's cement and clinker sales volumes totaled 20.9Mt during the period, 71% of its full-year 2022 target.

Vicem recorded a pretax profit of US$60.4m, up by 8.4%. Vicem aims to achieve a US$82.5m pretax profit and increase its revenues by 10% to US$1.49bn.

Vietnam: During the first ten months of 2022, Vietnam National Cement Association (VNCA) members exported 25.9Mt of cement and clinker, with a total value of US$1.16bn. Volumes dropped by 30% year-on-year from 37Mt, while the value of exports dropped by 20% from US$1.43bn.

In 2021 Vietnam exported 43.5Mt of cement and clinker, worth US$1.78bn, up by 13% year-on-year in volume and by 24% in value.

Brazil: Cement producers sold 47.7Mt of cement in the first nine months of 2022, down by 3% year-on-year from the same period in 2021. The Brazilian National Cement Industry Association (SNIC) has forecast a 2% year-on-year decline in full-year cement sales to 63.7Mt in 2022. The association foresees global finance-related challenges and high energy and raw materials costs during the fourth quarter of 2022. Annual cement sales previously grew by 23% to 65Mt in 2021 from 53Mt in 2019.

SNIC president Paulo Camillo Penna said “Our expectation for 2022 was to maintain the gains of this three-year period, but, unfortunately, due to high interest rates, indebtedness and cost pressure, we were not able to.”