Global Cement News

India: The National Council for Cement and Building Materials (NCB) has elected KC Jhanwar as its chairman for the year 2021 – 2022. Shri Neeraj Akhoury was elected as the vice-chairman.

KC Jhanwar is currently the managing director of UltraTech Cement and the president of the Cement Manufacturers Association (CMA). He originally joined Aditya Birla Group in 1981 as a management trainee in the cement business. Since then he has worked across finance, operations and general management roles in the cement and chemical sectors. Jhanwar is a chartered accountant by qualification.

Neeraj Akhoury is currently the managing director and chief executive officer of Ambuja Cement and the vice-president of the CMA. He holds over 25 years of experience in the cement and steel sectors. He began his career with Tata Steel in 1993 and later joined the predecessor company to Holcim Group in 1999. Akhoury holds a degree in economics and a Master of Business Administration (MBA) from the University of Liverpool in the UK. He is an alumnus of the Harvard Business School in the US and had studied general management at XLRI business school at Jamshedpur.

Australia: Ryan Stokes has been appointed as the chairman of Boral. The appointment follows Seven Group’s acquisition of a majority shareholding in Boral in late July 2021. Kathryn Fagg, the former chair, has retired from Boral. Richard Richards, a Seven Group nomination, has also been appointed as a director. Stokes is the managing director and chief executive officer of Seven Group, an Australian-based conglomerate that operates in the industrial services, oil and gas and media sectors.

Italy: Buzzi Unicem’s net sales grew by 5.8% year-on-year to Euro1.61bn in the first half of 2021 from Euro1.52bn in the same period of 2020. Its sales volumes of cement and clinker rose by 10.9% to 14.8Mt from 13.4Mt. Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 12.3% to Euro352m from Euro314m. The group reported cement sales volumes growth in all territories with the exception of Poland, and Germany to a lesser extent. It also noted growth in ready-mixed concrete sales volumes of 7% to 5.8Mm3 with development in Italy, Poland and Ukraine more than compensating for ‘unfavourable’ changes in the US, Germany and the Czech Republic.

Indonesia: Semen Indonesia’s revenue grew by 1.2% to US$1.13bn in the first half of 2021 from US$1.12bn in the same period in 2020. Its sales volumes of clinker and cement rose by 5.7% to 19.2Mt from 18.1Mt. Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 2.1% to US$247m from US$242m. The state-owned cement producer said that sales volumes were supported by growing domestic sales volumes and improving exports. It added that the national cement production capacity utilisation rate had fallen to 56% in 2020 from a high of 82% in 2014 due to new cement plants being built and a drop in domestic demand growth due to the coronavirus pandemic in 2020.

Saudi Arabia: Najran Cement’s revenue grew by 13.7% year-on-year to US$82.3m in the first half of 2021 from US$74.1m in the same period in 2020. Its net profit after zakat and tax increase by 27.9% to US$24.9m from US$19.5m. It reported lower sales and profit in the second quarter of 2021 due to Ramadan and Eid al-Fitr.