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CRH increases sales and profit in first half of 2021

26 August 2021

Ireland: CRH’s first-half consolidated sales rose by 15% year-on-year in 2021 to Euro14.0bn from Euro12.2bn in the first half of 2020. Its earnings before interest, depreciation, taxation and amortisation (EBITDA) rose by 25% to Euro2.00bn from Euro1.59bn. Group profit for the period more than doubled to Euro815m from Euro406m. The divestment of its Brazilian cement business during the half contributed towards the profit growth. Cement volumes increased in all of the group’s regions. Cement, lime and cement products sales rose by 21% to Euro2.36bn from Euro1.94bn.

Chief Executive Albert Manifold said ‘‘I am pleased to report a good first half as the strength and resilience of our business model once again delivers superior performance for CRH. Our integrated and solutions-focused approach leaves us uniquely positioned for the changing needs of construction, while our continued strong cash generation provides us with the flexibility to invest in future growth opportunities for our business. Based on current trading conditions and the positive momentum that we see across our markets, we expect second-half group EBITDA to be ahead of a record prior year.’’

Published in Global Cement News
Tagged under
  • Ireland
  • CRH
  • Results
  • Brazil
  • Divestments
  • lime
  • GCW521

Sampyo Group to invest US$171m in CO2 emissions reduction by 2030

26 August 2021

South Korea: Sampyo Group has announced a planned investment of US$171m before 2030 to reduce Scope 1 and 2 CO2 emissions by 35% over the period from an August 2021 baseline. The parent company of Sampyo Cement plans to achieve this in the first phase by increased its use of alternative fuels, improving energy efficiency, introducing low-carbon raw materials such as fly ash and developing sustainable products. The company is targeting net zero CO2 production by 2050.

Published in Global Cement News
Tagged under
  • South Korea
  • Sampyo Cement
  • Sustainability
  • net zero
  • CO2
  • target
  • Roadmap
  • Alternative Fuels
  • Fly Ash
  • energy efficiency
  • GCW521

Ghanaian local government suspends cement plant construction in Accra

26 August 2021

Ghana: The district government of Shai-Osudoku in Accra has stopped the construction of an ‘illegal’ cement plant. The Daily Guide newspaper has reported that a China-based producer had been building the plant without a permit.

Published in Global Cement News
Tagged under
  • Ghana
  • Government
  • Plant
  • Suspension
  • permit
  • China
  • GCW521

Lafarge Canada and Cematrix Canada extend cement supply and joint marketing agreement

26 August 2021

Canada: Lafarge Canada has signed a deal with aerated concrete block producer Cematrix to renew its cement supply and joint marketing agreement with the company. The new agreement is effective until 2026.

Western Canada sales and logistics vice-president Cory Cannon said "Lafarge and Cematrix have worked together seamlessly throughout Canada. The extension of these agreements is a natural result of the joint successes we have experienced on numerous projects with the full expectation that this relationship will only continue to grow into the future."

Published in Global Cement News
Tagged under
  • Canada
  • Lafarge Canada
  • Holcim
  • Cematrix
  • agreement
  • Supply
  • marketing
  • concrete
  • GCW521

LafargeHolcim US launches CementDirect

26 August 2021

US: LafargeHolcim US, part of Switzerland-based Holcim, has launched its CementDirect ready-mix concrete delivery mobile and web application (app) on the US market. The app consolidates ordering, tracking and shipping records for customers. Plant operators will be able to sign-off on deliveries and access bills of lading remotely.

Supply chain senior vice president Kristin Beck said “More than ever, ready-mix producers are operating under significant constraints. CementDirect allows for easier access to delivery information and removes the daily burden of managing and storing paper.”

Published in Global Cement News
Tagged under
  • US
  • LafargeHolcim US
  • Holcim
  • retail
  • software
  • concrete
  • GCW521
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