Global Cement News

India: ACC has announced its successful purchase at auction of the Kannur limestone block mineral reserve in Wadi, Kalaburagi District, from the Karnataka government. The producer plans to use the block to supply limestone for its Wadi cement plant.

Germany: Vecoplan Group has recorded its highest ever new order intake of Euro180m in 2021, up by 60%. The company said that its earnings before interest, taxation, depreciation and amortisation (EBITDA) for the year also set a company record.

CFO Michael Lambert said “Internationalisation is picking up speed. In line with this, we are implementing new sales and service centres throughout the world. Additional locations in various countries and regions are being planned.” He added “In 2022, we will be putting the spotlight on our digitalisation strategy and investing several million euros in software and hardware.”

CEO Werner Berens added a note of caution: “In spite of the good prospects for the new year, supply chains will continue to be disrupted by global factors like supply bottlenecks, raw material shortages and logistics problems. We too must show that we are able to deal with these big challenges.”

Japan: Sumitomo Osaka Cement recorded sales of US$1.19bn in the first nine months of the 2022 financial year, down by 22% year-on-year. The company’s net profit was US$71.7m. For its full-year 2022 financial year, the group forecast sales of US$1.61bn, down by 22% from full-year 2021 financial year levels. It expects full-year net profit to drop by 32% to US$69.2m.

Italy: Buzzi Unicem’s full-year consolidated sales rose by 8.9% in 2021 to Euro3.45bn. The group also increased its cement sales, by 6.7% to 31.2Mt.

Buzzi Unicem’s net financial position for the year was Euro231m, compared to a loss of Euro242m in 2020.

Spain: The Catalonia government has received a court order to close down LafargeHolcim España’s Montcada i Reixac cement plant in Barcelona. The Spanish Collection newspaper has reported that the plant failed to conform to new environmental regulations. LafargeHolcim España has appealed the decision.

The Montcada i Reixac plant currently employs 300 people. A union involved in the issue said that the alleged breach is formal rather than substantive and that an administrative error by the regional government caused the plant to breach the regulations.