Global Cement News

China: Anhui Conch’s revenue fell by 26% year-on-year to US$3.85bn in the first quarter of 2022 from US$5.21bn in the same period in 2021. Its net profit fell by 14% to US$773m from US$900m. However, its operating costs fell by 29% to US$2.96bn from US$4.16bn.

China: China Resources Cement’s (CRC) turnover fell by 18% year-on-year to US$889m in the first quarter of 2022 from US$1.08bn in the same period in 2021. Its sales volumes of cement, clinker and concrete decreased by 34%, 12% and 23% respectively to 12.2Mt, 0.78Mt and 2.22Mm³ respectively. Its profit dropped by 43% to US$92.9m from US$164m.

China: Cement output fell by 12% year-on-year to 387Mt in the first quarter of 2022. Data from the Ministry of Industry and Information Technology also shows that cement output volumes fell by 5.6% year-on-year to 187Mt in March 2022, according to the Xinhua News Agency. The China Cement Association has blamed this on the latest local coronavirus wave, limited construction project funds and poor weather.

Nigeria: Dangote Cement sales volumes in the first quarter of 2022 have been hampered by disruptions to gas supplies domestically and by high freight rates restricting its exports of cement and clinker to Cameroon, Ghana and Sierra Leone. Its sales volumes of cement fell by 3.6% year-on-year to 7.25Mt in the first quarter of 2022 from 7.52Mt in the same period in 2021. Its revenue grew by 24% to US$994m from US$801m. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 18.6% to US$508m from US$428m.

Michael Pucheros, the chief executive officer of Dangote Cement, said “Our group volumes were down 3.6% mainly due to energy supply challenges in Nigeria. Our operations relying on cement and clinker imports – namely Ghana, Sierra-Leone, Cameroon - were impacted by the global supply chain challenges.” Additionally, its operations outside of Nigeria was also negatively affected by a cement plant in Congo being shut for over two months due to maintenance and repairs and extended power plant maintenance in Senegal.

US: Argos USA has launched its new Portland Limestone Cement (PLC) brand EcoStrong.The company says the its will complete its conversion to 100% EcoStrong PLC cement production across all facilities in 2023.Its Roberta, Alabama cement plant and Atlanta, Georgia grinding plant will transition by mid-2022, while its Newberry, Florida cement plant will transition by October 2022.Argos USA plans to use EcoStrong cement at all of its Eastern US ready-mix concretesites by mid-2022.

Cement technical director Steve Wilcox said“I am excited to be part of Argos’ brand announcement for our PLC Type IL product. EcoStrong PLC encompasses everything we have worked for over the past decade, to offer a high-quality product with lower embodied carbon, which contributes to the ultimate goal of decarbonising across our operations. Our PLC product is engineered to reduce the harmful effects on the environment and perform similar to or better than our ordinaryPortland cement (OPC) Type I/II. EcoStrong PLC empowers our customers, specifiers, architects, and engineers to design and execute their projects with resilience and sustainability.”