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26 March 2021

Cemex publishes integrated report 2020

Mexico: Cemex has presented a comprehensive analysis of it strategic vision, operational performance, corporate governance and value creation in 2020 in its integrated report for the year. During the year, the group developed and implemented over 50 new hygiene and safety protocols against the Covid-19 outbreak, achieved zero fatalities and lost-time injuries across 96% of its operations and led remote operations with its Cemex Go digital platform, which accounted for 61% of global sales in 2020. Cemex announced its Climate Action strategy in February 2020, defining a global target of a 35% reduction of CO2 emissions per tonne of cementitious product by 2030. It also established an ambition to deliver net-zero CO2 concrete to all its customers globally by 2050.

At 31 December 2020 it had already achieved a 35% emissions reduction across its European operations and became the first cement producer to set a 55% reduction target in line with the European Commission’s new goal for member states. The group co-processed 2.7Mt of waste for use as alternative fuel (AF) across 91% of its cement plants, replacing 1.6Mt of coal at a substitution rate of 25%. The producer classified 29% of its cement business’ power consumption as ‘clean,’ with 100% renewable power supply across cement, concrete, and aggregates operations in Poland and the UK. The year also saw the global introduction of Vertua low carbon and net-zero CO2 products. Vertua Ultra Zero is the first net-zero CO2 concrete.

Cemex continues to operate under its Operation Resilience medium-term plan. The plan aims to promote growth, sustainability, and financial resilience. The company has amended its bank debt under its facilities agreement, which incorporates green metrics, and strengthened its social impact strategy to reinforce community initiatives. Group activities positively impacted more than 23 million people on an accumulated basis, contributing to the achievement of the UN Sustainable Development Goals, according to the producer.

Chief executive officer Fernando Gonzalez said, “2020 was undoubtedly a very challenging year, with Covid-19 abruptly upending every aspect of our lives and disrupting every industry worldwide.” He added, “Sustainability remains one of our top priorities, and our Climate Action strategy makes us confident in our ability to achieve our targets and aspirations.”

Published in Global Cement News
Tagged under
  • Mexico
  • Cemex
  • Sustainability
  • GCW499
26 March 2021

Portland Cement Association publishes March 2021 Economic Update

US: The Portland Cement Association (PCA) has published a March 2021 Economic Update. The update calls attention to the danger that insufficient aid to state and local governments presents to construction. The American Rescue Plan Act 2021 affords US$350bn to these bodies, which consume roughly half of the cement produced in the US.

Senior regional economist Brian Schmidt said that state and local government coffers are running low due to reduced tax revenues because of the Covid-19 outbreak, especially in areas reliant on oil and tourism. Schmidt concluded that the total US$1.9tn stimulus package is likely sufficiently replenish state funds to maintain cement demand. He added that this will depend on significantly reduced Covid-19 case counts by the third quarter of 2021 in line with the Institute for Health Metrics and Evaluation’s baseline forecast.

Published in Global Cement News
Tagged under
  • US
  • PCA
  • Forecast
  • Portland Cement Association
  • Consumption
  • GCW499
26 March 2021

FLSmidth updates on financial and sustainability performance-based incentives plan

Denmark: FLSmidth says that it has allocated performance shares to 160 executive managers and key staff under its Long-Term Incentive programme. The shares have a three-year vesting period and are subject to fulfilment of stretched targets. Applicable targets are earnings before interest, taxation and amortisation (EBITA) margin, total shareholder return and MissionZero emissions reduction programme performance. The supplier estimated the cost of the plan as Euro6.98m assuming full vesting.

The company said, “The primary purpose of the programme is to retain key staff and to align the interests of shareholders and the incentive programme participants by rewarding performance in accordance with the company’s strategy.”

Published in Global Cement News
Tagged under
  • FLSmidth
  • Denmark
  • GCW499
  • Sustainability
26 March 2021

Republic Cement wins Quarry Operations award at Presidential Mineral Industry Environmental Awards

Philippines: Republic Cement, a subsidiary of Ireland’s CRH, has won the Quarry Operations award at the 2021 Presidential Mineral Industry Environmental Awards in Quezon City for its work sustainably supplying limestone to its Bulacan and Batangas cement plants. The Batangas quarry also won the Safest Quarry award, while the Bulacan quarry won the Best Mining Forest Programme in the Non-metallic category. The company’s Iligan quarry won the Platinum Achievement for Quarry Operations award. President Lloyd Vicente received the prizes.

Published in Global Cement News
Tagged under
  • Republic Cement
  • CRH
  • Awards
  • Philippines
  • GCW499
26 March 2021

Solids Dortmund postponed to 16 – 17 February 2022

Germany: Events producer Easyfairs has announced the postponement of Solids Dortmund to 16 – 17 February 2022 from June 2021. The company said that all Solids Dortmund tickets and free codes for June 2022 remain valid for the new dates. It added that it plans to launch Solids on Tour, consisting of new Solids RegioDays in Chemnitz, Saxony, and Karlsruhe, Baden-Württemberg. It will also use virtual formats to help networking and business in bulk handling throughout 2021.

Published in Global Cement News
Tagged under
  • Germany
  • Solids Dortmund
  • Event
  • GCW499
26 March 2021

Domicem to establish second line at Sabana Grande de Palenque cement plant

Dominican Republic: Domicem, a subsidiary of Italy’s Colacem, has begun work on a second line at its Sabana Grande de Palenque cement plant in San Cristóbal province. Ansa News has reported the cost of the project as US$120m. When commissioned in late 2022, the line will produce cement for export.

Published in Global Cement News
Tagged under
  • Dominican Republic
  • Domicem
  • Colacem
  • Project
  • GCW499
25 March 2021

Dangote Cement grows sales and earnings in 2020

Nigeria: Dangote Cement has recorded sales of US$2.52bn in 2020, up by 16% year-on-year from US$2.18bn in 2019. Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 21% to US$1.17bn from US$965m. Total cement sales volumes rose by 8% to 25.7Mt from 23.7Mt and Nigerian cement sales rose by 13% to 15.9Mt from 14.1Mt. Highlights for the year included the start of clinker exports from the Apapa terminal and the commissioning of the Onne cement terminal in Nigeria. The group also commissioned a gas power plant in Tanzania.

Chief executive officer Michel Puchercos said, “Despite the impact of the Covid-19 pandemic, 2020 was a record year for Dangote Cement across the board. Several firsts made 2020 a productive year such as our maiden clinker shipment, maiden bond issuance and successful buyback programme. We increased our capacity by 3Mt/yr in Nigeria, commissioned our two export terminals and commissioned our gas power plant in Tanzania. All this was achieved whilst we focused on protecting our people, customers, and communities from the impact of the pandemic.”

Published in Global Cement News
Tagged under
  • Nigeria
  • Dangote Cement
  • Results
  • Export
  • Terminal
  • Gas
  • Tanzania
  • coronavirus
  • Power Plant
  • GCW499
25 March 2021

Shanshui Cement increases profit as sales fall in 2020

China: Shanshui Cement’s consolidated profit attributable to shareholders increased by 7% year-on-year to US$488m in 2020. Its operating revenues fell by 3% year-on-year to US$3.19bn. ET Net News has reported that the company will not distribute dividends.

Published in Global Cement News
Tagged under
  • China
  • Shanshui Cement
  • Results
  • GCW499
25 March 2021

Dalmia Cement commences production at new line at Bengal Cement Works cement plant

India: Dalmia Bharat subsidiary Dalmia Cement has commenced commercial production of cement at the new 2.3Mt/yr production line of its Bengal Cement Works cement plant in Midnapore, West Bengal. The new line brings the plant’s total capacity to 4Mt/yr.

Chief operating officer Ujjwal Batria said, “To ensure that demand is met in a sustainable manner, we have deployed the latest machinery and technology at our Bengal Cement Works unit and will be aiming to produce 100% blended cement. This step is also in line with our commitment to become carbon negative by 2040.” He added, “Post the lockdown-led demand disruption, the cement sector has been continuously witnessing buoyancy across the country. This is largely led by revival in demand from the infrastructure and urban housing sectors, along with the demand from individual homebuilders and the government's rural housing schemes especially from east and central regions. Hence, the onset of commercial production at the Bengal Cement Works unit will enhance our ability to contribute towards nation building and Atmanirbhar Bharat, while also catering to the growing demand from the eastern and north-eastern states of the country.”

Published in Global Cement News
Tagged under
  • India
  • Dalmia
  • Plant
  • Upgrade
  • West Bengal
  • GCW499
25 March 2021

Cemex Latam Holdings plans Puerto de San José grinding plant expansion

Guatemala: Mexico-based Cemex subsidiary Cemex Latam Holdings plans to install a new 1000t/day horizontal ball mill and support infrastructure including a dust collector and 3000t silo at its Puerto de San José grinding plant in Escuintia. Central America Data has reported the value of the work as US$16m.

Published in Global Cement News
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  • Guatemala
  • Cemex
  • Cemex Latam Holdings
  • grinding plant
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