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UNACEM’s sales in 2020 squeezed by coronavirus

02 February 2021

Peru: Unión Andina de Cementos’ (UNACEM) income fell by 14% year-on-year to US$467m in 2020 from US$546m in 2019. Cement despatches dropped by 16% to 4.46Mt from 5.32Mt. Its profit decreased to US$8.33m from US$96m. The cement producer attributed the reduction in sales and profits due to the country’s coronavirus-related lockdown from March to May 2020. In December 2020 it agreed to buy Chile-based Cementos La Unión Chile for US$23m. The deal includes the 0.3Mt/yr San Antonio grinding plant and a concrete plant.

Published in Global Cement News
Tagged under
  • Peru
  • UNACEM
  • Results
  • coronavirus
  • Chile
  • Acquisition
  • grinding plant
  • Cementos La Union
  • GCW491

CSN Cimentos begins operating as independent company

02 February 2021

Brazil: Companhia Siderurgica Nacional (CSN) subsidiary CSN Cimentos began operating as an independent company on 1 February 2021. The Valor Economico newspaper has reported that the move is a preliminary to a likely future initial public offering (IPO) in the near-term although no date has been set yet. Under the same strategy, sister company CSN Mineracao is due to launch its IPO of US$1bn on 18 February 2021.

The 4.7Mt/yr-cement capacity producer operates two integrated plants and it is planning an 8.6Mt/yr expansion consisting of an upgrade to its Arcos plant and three new cement plants at Para, Parana and Sergipe respectively.

Published in Global Cement News
Tagged under
  • Brazil
  • CSN Cimentos
  • Companhia Siderúrgica Nacional
  • IPO
  • corporate
  • Plant
  • Upgrade
  • GCW491

Votorantim Cimentos tests dissolvable cement bag in conjunction with Klabin

02 February 2021

Brazil: Votorantim Cimentos is testing using dissolvable cement bags in a pilot project with paper and bag manufacturer Klabin. Following development, the new bag type will be tested in a pilot project in the south of the country based around the Rio Branco do Sul cement plant in Paraná state. The bags can be dissolved directly in a mixer when making concrete to speed up the process.

Published in Global Cement News
Tagged under
  • Brazil
  • Votorantim Cimentos
  • Bags
  • Klabin
  • pilot
  • packaging
  • Paraná
  • GCW491

Eurocement to supply up to 150,000t of cement to PIK Group

02 February 2021

Russia: Eurocement has won a tender to supply up to 150,000t of cement to PIK Group. Its Voronezh and Mikhailovcement plants will supply CEM I and CEM II products respectively. PIK Group is one of the largest residential building companies in Russia. Eurocement said that the contract is one of the largest direct contracts it has signed and that it would ensure production in the first half of 2021.

Published in Global Cement News
Tagged under
  • Russia
  • Eurocement
  • tender
  • Supply
  • PIK Group
  • residential
  • Contract
  • GCW491

Siberian Cement produces 4.6Mt in 2020

02 February 2021

Russia: Siberian Cement produced 4.6Mt in 2020 from its five plants, a decline of 4.7% year-on-year. Notably, its integrated Krasnoyarsk cement plant managed to increase production by 3% to 0.63Mt. Majority owned subsidiaries, Iskitimcement and Angarskcement, officially became part of Siberian Cement in mid-June 2020. The group currently reports it has a production capacity of 9Mt/yr.

Published in Global Cement News
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  • Russia
  • Siberian Cement
  • Results
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  • Iskitimcement
  • Angarskcement
  • GCW491
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