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Holcim grows sales and earnings in first quarter of 2023

21 April 2023

Switzerland: Holcim’s sales and earnings have risen in the first quarter of 2023 on a like-for-like basis despite the divestment of its India-based business in September 2022. Its net sales rose by 8% on a like-for-like basis to Euro5.84bn in the first quarter of 2023 from Euro6.57bn in the same period in 2022. Recurring earnings before interest and taxation (EBIT) grew to Euro503m from Euro626m. Sales and earnings increased, in real terms, in Europe and Latin America but earnings fell in North America. Both sales and earnings fell in Asia Middle East Africa. Holcim did not comment on the fall in earnings in North America but Reuters noted that US construction spending declined in February 2023 as the housing market coped with increases in the interest rate by the Federal Reserve.

Jan Jenisch, the chief executive officer of Holcim, said "This profitable growth was led by strong performances across our building materials businesses. Our teams continued our fast-paced execution, with 12 value-accretive acquisitions, including Duro-Last, completing our range of flat roofing systems. With strong underlying trends across all our businesses, we are confident we will close the full year strong.” He added that the group reached 16% of ready-mix concrete net sales with its ECOPact product and expanded its ECOPlanet product range with two calcined clay production facilities in France and Mexico. It also launched its ECOCycle technology platform with a target to beat a previous 2025 target of recycling 10Mt/yr of construction, excavation and demolition waste.

Published in Global Cement News
Tagged under
  • Switzerland
  • Holcim
  • Results
  • GCW605

IKN supplying cooler for upgrade at Małogoszcz cement plant

21 April 2023

Poland: Germany-based IKN says that erection works of a new IKN-supplied cooler are in progress at Lafarge Poland’s Małogoszcz cement plant. The Euro100m upgrade project is building a new 3700t/day clinker production line at the unit to replace the existing three lines. A new alternative fuels line will also be installed to reduce the plant’s CO2 emissions by 20% and its energy consumption by 33%. China National Building Material (CNBM) subsidiary Nanjing Kisen International Engineering was previously reported as being the lead contractor on the project.

Published in Global Cement News
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Akmenes Cementas warns of increase of tax on imported coal in Lithuania

21 April 2023

Lithuania: Arturas Zaremba, the head of Akmenes Cementas, has warned that government proposals to increase the import tax on coal in 2024 and the abolition of subsidies for the fuel will affect the company. The country’s parliament is also proposing scaling the import tax based on a CO2 scale, according to the Baltic Business Daily newspaper. Zaremba said that the cement producer uses 130,000t/yr of coal. However, it is currently investing Euro22m on an upgrade to its Akmenes integrated plant to allow it to switch to using a higher proportion of solid-recovered fuel. It currently has a 10% alternative fuels substitution rate using dried sewage sludge and tyres.

Zaremba said "There will be some impact because we will still have some of that coal left, but not as much as we would have had without the investment. I have not followed how much they plan to increase the excise duty, but we need to look into how much that would be in the financial terms. Any increase has an impact."

Published in Global Cement News
Tagged under
  • Lithuania
  • Akmenes Cementas
  • Tax
  • Coal
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Cuban plant supplying oil well cement products

21 April 2023

Cuba: Corporación Cementos Cubanos’ Siguaney plant is supplying oil well cement products for Empresa de Perforación y Reparación de Pozos de Petróleo y Gas (EMPERCAP) and Australia-based Melbana. It has contracts to supply around 300t to both companies for local projects, according to the Prensa Latina news agency. It is also supplying PP-25 and P-35 types of oil well cement to the government.

Published in Global Cement News
Tagged under
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  • Corporacion Cementos Cubanos
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  • oil well cement
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Holcim US joins Department of Energy ‘Better Climate Challenge’

21 April 2023

US: Holcim US has joined the Department of Energy's (DOE) 'Better Climate Challenge' to reduce CO2 emissions and save energy. It is the first cement producer to commit to the DOE program. The subsidiary of Switzerland-based Holcim plans to power the electrical operations at 13 cement plants in the country with 100% renewable energy by 2030 and to reach net zero CO2 emissions by 2050. As part of the 'Better Climate Challenge' it has committed to reduce CO2 emissions in the US by at least 25% by 2033.

Examples of current renewable power usage at Holcim US cement plants include the installation of three onsite wind turbines at the Paulding plant in Ohio that generate 11,500MWh while a forthcoming solar unit at the Hagerstown plant in Maryland will generate up to 18,440MWh. All 13 Holcim cement plants will conduct reviews to identify projects that could contribute to meeting goals of the challenge.

With grant support from the DOE, Holcim is also investigating the feasibility of using carbon capture utilisation and storage (CCUS) at its cement plants in Portland, Colorado, and Ste. Genevieve, Missouri. In addition to involvement in the Better Climate Challenge, Holcim US is a continuing partner of the DOE's 'Better Plants Challenge', sharing facility-level energy data and solutions to help guide other industrial companies with implementing energy solutions in their facilities.

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