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17 February 2021

Cementos Argos transports 50,000t of cement by train in 2020

Colombia: Cementos Argos transported around 50,000t of cement by train in 2020. It plans to increase this by 30% year-on-year to 70,000t in 2021 as part of its sustainability strategy. The cement producer has started using the Belencito - Bogotá and Puerto Triunfo - Puerto Wilches routes as the country has started to revive railway lines in recent years.

Published in Global Cement News
Tagged under
  • Colombia
  • Cementos Argos
  • railway
  • Sustainability
17 February 2021

ACC grows earnings in 2020 despite coronavirus

India: ACC’s net sales fell by 12% year-on-year to US$1.85bn in 2020 from US$2.11bn in 2019. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 3% to US$341m from US$332m. Cement sales volumes decreased by 12% to 25.5Mt and ready-mixed concrete sales volumes by 36% to 2.3Mm3. The subsidiary of Switzerland-based LafargeHolcim said that its cost efficiency program and working capital optimisation helped it to grow earnings and profits in 2020 despite the coronavirus pandemic.

Published in Global Cement News
Tagged under
  • India
  • ACC
  • LafargeHolcim
  • Results
  • coronavirus
  • concrete
17 February 2021

CIMENCAM to accept mobile phone platform payments

Cameroon: Cimenteries du Cameroun (CIMENCAM) has signed an agreement with YUP Cameroon to accept online payments via YUP’s mobile phone-based banking system. Orders can be made via on CIMENCAM’s online portal. YUP allows its customers to access financial services without a bank account. The system started in Ivory Coast and Senegal in 2017 and is now present in Burkina Faso, Cameroon, Guinea, Ghana and Madagascar.

Published in Global Cement News
Tagged under
  • Cameroon
  • CIMENCAM
  • retail
  • digital
  • LafargeHolcim
  • GCW493
  • YUP
17 February 2021

Yanbu Cement starts modernisation project on production line

Saudi Arabia: Yanbu Cement has started a two months modernisation project on Line 4 at its integrated Yanbu plant. The company said that dispatches would not be affected by the stoppage due to sufficient clinker stocks. Line 5, which represents 60% of the company's total capacity at the plant, will continue production at full capacity.

The cement producer reported that its sales fell by 4% year-on-year to US$251m in 2020 from US$260m in 2019. Its net profit after zakat and tax grew by 9% to US$74.9m from US$68.7m.

Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Yanbu Cement
  • Results
  • Plant
  • Upgrade
  • GCW493
17 February 2021

Yamama Cement’s sales and profits rise in 2020

Saudi Arabia: Yamama Cement’s sales rose by 10% year-on-year to US$235m in 2020 from US$214m in 2019. Its net profit after zakat and tax grew by 42% to US$96.9m from US$68.3m.

Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Yamama Cement
  • Results
  • GCW493
17 February 2021

Cemex USA acquires Beck Readymix Concrete

US: Cemex USA has acquired Beck Readymix Concrete. The ready-mix producer operates three concrete plants in San Antonio, Texas and an additional portable plant.

Texas Regional President Scott Ducoff said, “Texas is experiencing explosive growth and Cemex has repeatedly shown it is ready to make moves to help fuel it. By acquiring these facilities, Cemex will be able to deliver our high-quality products that many Texans are already familiar with to satisfy the high demand of customers of one of the state’s most dynamic markets. We welcome our new employees and look forward to a smooth transition for them.”

Published in Global Cement News
Tagged under
  • Cemex USA
  • Cemex
  • US
  • Acquisition
  • Beck Readymix Concrete
  • concrete
  • concrete plant
  • GCW493
  • Texas
17 February 2021

Terminal Ready-Mix acquires Huron Cement assets

US: Terminal Ready-Mix has announced its acquisition of assets from ready-mix concrete and building materials producer Huron Cement. Ohio Newstime has reported that the companies completed the deal in February 2021.

Published in Global Cement News
Tagged under
  • US
  • Huron Cement
  • Ohio
  • Acquisition
  • Terminal ReadyMix
  • concrete
  • GCW493
16 February 2021

Vicat’s sales, earnings and net income rise in 2020

France: Vicat recorded full-year consolidated sales of Euro2.81bn in 2020, up by 2% year-on-year from Euro2.74bn in 2019. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 6% to Euro557m from Euro526m. Consolidated net income rose by 8% to Euro172m from Euro160m.

The group said that organic sales were ‘strong,’ rising in all regions except in France, by 6% in total. It attributed the decline to a near-total shutdown due to the coronavirus outbreak in mid-March 2020, which lifted incrementally throughout the first half of the year. Vicat France’s cement business recovered ‘robustly’ in the second half of 2020, resulting in an operational sales increase of 3% for the year. Full stoppages of activity lasted for 33 days in India and for 30 days in Italy. Despite these challenges, business growth, cost-cutting and lower energy costs drove earnings growth, with ‘very sharp improvements’ recorded in the Americas and in Asia. Additionally, the ramp-up of a new grinding plant in Mali and production performance improvements in Senegal supported a ‘significant’ earnings increase in Africa.

Chair and chief executive officerGuy Sidos said, “Thanks to our employees’ tremendous efforts and commitment, the Vicat group strengthened its position amid the unprecedented current pandemic situation. Our resilience and flexibility allowed us to make organisational changes in order to reconcile our competing imperatives of keeping everyone safe and healthy, unlocking savings and making rapid adjustments, such as relocating our Paris head office to L’Isle d’Abeau in the Auvergne-Rhône-Alpes region. Likewise, we made improvements to Vicat’s governance and stepped up our environmental and digital transformation programmes. Given the strength of our cash generation, we were able to resume key productivity investment programmes for the future. Despite the adversity we faced, our teams across all our various regions successfully delivered higher production efficiency levels and met market demand cost-effectively, paving the way for a solid increase in the Vicat group’s results.”

In 2021, the group plans to expand cement production and invest in new cement terminals in India and to continue with the upgrade of its Ragland cement plant in the US. It also says that it will ramp up projects aimed at meeting its carbon footprint reduction targets. The group expects its earnings to rise at constant scope and exchange rates over the full year.

Published in Global Cement News
Tagged under
  • France
  • VICAT
  • Results
  • Italy
  • India
  • coronavirus
  • Senegal
  • Mali
  • grinding plant
  • Terminal
  • US
  • Plant
  • Upgrade
  • GCW493
16 February 2021

Turkmenistan produces 1.9Mt of cement in 2020 and increases production in January 2021

Turkmenistan: Full-year cement production reached 1.9Mt in 2020. The Trend News Agency has reported that industrial production, construction work and services grew by 8% year-on-year during the period. The nation exceeded its reinforced concrete building construction plan for the year by 4%.

In January 2021, cement production increased by 29% year-on-year.

Published in Global Cement News
Tagged under
  • Turkmenistan
  • data
  • Production
  • concrete
  • GCW493
16 February 2021

Cemex to complete two energy saving projects in 2021

Dominican Republic/Philippines: Cemex says that it will commission two new energy saving installations at cement plants in the Dominican Republic and the Philippines in 2021. In the Dominican Republic, a new 41MW solar power plant will partly supply the company’s cement operations in the country. In the Philippines, it will commission a 4.5MW waste heat recovery (WHR) plant at its APO cement plant.

Published in Global Cement News
Tagged under
  • Dominican Republic
  • Philippines
  • Cemex
  • Solar power
  • Plant
  • Waste Heat Recovery
  • GCW493
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