Global Cement News

Germany: Bosch Rexroth has appointed Holger von Hebel as its chief financial officer (CFO) and the Director of Industrial Relations with effect from 1 October 2021. He will retain his position as head of the Mobile Hydraulics business unit. Von Hebel succeeds Markus Forschner, who will join the board of management of Robert Bosch as CFO and chief performance officer in 2022.

Von Hebel studied industrial engineering in Berlin and Karlsruhe. He joined the Bosch Group in 1990 as a trainee. After serving in a range of management positions in Germany and other countries, he became the commercial director of Switzerland-based Bosch subsidiary SIG Pack International in 2004. In 2005, von Hebel was given additional responsibility for finances, controlling and IT at the former Packaging Technology division of Bosch. Afterward, he became chairman of the divisional board of management of Bosch Solar Energy. Von Hebel has worked in a variety of areas at Bosch Rexroth since 2013 when he became the commercial director of the former Industrial Applications business unit. He has been the managing director of the Mobile Hydraulics division since 2017.

Bosch Rexroth supplies drive and control technologies to a variety of industries including the cement sector.

France: Vicat’s consolidated sales rose by 19.6% year-on-year to Euro1.56bn in the first half of 2021 from US$1.30bn in the same period in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 41% to Euro300m from Euro213m. Sales and earnings rose in all territories on an adjusted basis as markets recovered from a poor second quarter in 2020 due to the coronavirus pandemic, particularly in India and France.

“Focused on its carbon footprint reduction targets, the group has accelerated the commercialisation of its low-carbon product lines, adapted to the global climate challenge,” said Guy Sidos, the group’s chairman and chief executive officer. The company added that the upgrade of its Ragland cement plant in the US is on track for expected commissioning in the first half of 2022 and that it is ramping up a new mill in Mali.

Mexico: GCC’s sales rose by 9.7% year-on-year to US$466m in the first half of 2021 from US$424m in the same period in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 15.3% to US$147m from US$127m. Cement sales volumes grew by 3.2% and 11.5% in the US and Mexico respectively. Concrete sales volumes fell by 21.1% in the US but grew by 22.8% in Mexico.

“Cement demand is stronger than pre-pandemic levels and construction activity is expected to remain robust throughout the year. Every kiln at GCC is up and running,” said Enrique Escalante, GCC’s chief executive officer.

India: Dalmia Bharat’s first-quarter consolidated income net sales were US$348m in the 2022 financial year, up by 36% year-on-year from US$256m in the first quarter of the 2021 financial year. The group’s cement sales totalled 4.89Mt, up by 33% from 3.66Mt. Profit after tax increased by 45% to US$37.2m from US$25.7m.

Managing director Puneet Dalmia said “Despite the challenges posed by the second wave of Covid-19, our business has once again shown resilience and successfully delivered an all-round performance. We are very excited about the opportunities that we see in the marketplace, and our consistent performance over the past quarters gives us immense confidence as we embark on an aggressive growth journey over the next decade.” He added “Our vision is to build an institution based on the principles of growth, profitability, sustainability and respect, and also to be able to participate meaningfully in our country’s growth story. We are committed to delivering industry-leading returns to our stakeholders through our sustainable business model and a robust governance mechanism.”

India: Ramco Cements recorded standalone net sales of US$166m in the first quarter of the 2022 financial year, up by 17% year-on-year from US$141m in the corresponding quarter of the 2021 financial year. Its earnings before interest, taxation depreciation and amortisation (EBITDA) rose by 37% to US$49.7m from US$36.3m. The company’s net profit growth for the quarter was 54%, taking this to US$22.7m from US$14.8m.

Chief executive officer Aahvan Dharmakrishnan said “With lot of uncertainties and commodity prices going up without corrections, we were able to control the cost reasonably well and performed well.”