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Breedon Group benefits from pent-up demand post-Covid 09 March 2022
UK: Breedon Group’s sales revenue grew by 33% to Euro1.48bn in 2021 from Euro1.11bn in 2020. Its statutory earnings before interest and taxation more than doubled to Euro153m from Euro74m. Cement and concrete sales volumes increased by 20% to 2.4Mt and 23% to 3.2Mm3 respectively. The group described 2021 as an ‘exceptional’ year for its cement business due to pent-up demand following the outbreak of the Covid-19 pandemic.
“2021 was a record year for Breedon. We navigated the second year of the pandemic successfully, supplied our customers with more materials than at any point in our history and fully integrated the Cemex assets,” said chief executive officer Rob Wood.
UK: Hercules Enterprises plans to establish an up to 0.5Mt/yr grinding plant at Sheerness on the Isle of Sheppey in Kent, according to Kent Online News. The plant would comprise two clinker grinding lines, a mobile ecohopper, a mechanical transport system for transfer of material into storage, a 47,000m3 clinker storage hall, six 3000m3 cement silos, three 3000m3 fly ash silos, two packing plants and a palletising hall.
Misr Cement Qena boosts profit and sales in 2021 09 March 2022
Egypt: Misr Cement Qena recorded a consolidated net profit of US$11.1m in 2021, more than seven times its 2020 net profit of US$1.46m. Its net sales were US$160m, up by 0.4% from slightly below US$160m.
ISGEC Heavy Engineering to supply waste heat recovery unit for Shree Cement’s Nawalgarh plant 09 March 2022
India: ISGEC Heavy Engineering has received an order from Shree Cement to supply a waste heat recovery (WHR) unit for the integrated 3.8Mt/yr Nawalgarh plant in Rajasthan. The scope of work includes design, manufacture and supply of the system. The supplier says that this will be one of the world’s largest steam-based WHR units by capacity. ISGEC previously supplied two WHR units for Shree Cement’s Raipur plant.
Chlef cement plant to export 1.5Mt in 2022 09 March 2022
Algeria: The Entreprise des Ciments et Dérives d’Ech-Cheliff (ECDE) plant plans to export 1.5Mt of cement in 2022. Exports will be sent to countries in Europe, Africa and Latin America, according to the Algeria Press Service. The subsidiary of Groupe des Ciments d'Algérie’s (GICA) opened a third production line at the site intended solely for exports. The unit has a production capacity of 4.2Mt/yr.