Spain: Spain’s 10-month cement consumption was 12.5Mt in 2021, up by 12% year-on-year from 10-month 2020 levels. Interempresas News has reported that consumption grew by 10% year-on-year in October 2021 to 1.3Mt from 1.18Mt. During the month, exports fell by 14% year-on-year to 581,000t from 485,000t.
Brazilian cement sector commits to 34% reduced-CO2 cement production by 2050
Brazil: Members of the Brazilian National Cement Industry Association (SNIC) have committed to a 34% reduction in the CO2 emissions of their cement production to 375kg/t by 2050 from 564kg/t in 2019. Ten cement producers including Cimento Tupi, CSN Cimentos, InterCement and Votorantim signed the commitment. With the industry's forecast rate of growth in cement production capacity, this will result in possible total CO2 emissions of 45Bnt in 2050 compared to 36.7Bnt in 2020.
Planned CO2 emissions reduction investments before 2032 are US$637m across the industry.
Sumitomo Osaka Cement’s Ako cement plant to receive future disaster waste from Hyogo Prefecture
Japan: Sumitomo Osaka Cement has secured an agreement with Hyogo Prefecture for the future reception and processing of the prefecture’s waste from disasters such as earthquakes. The company says that the agreement will facilitate the rapid reception of such materials and to best support clean-up efforts.
President Hironori Morohashi said “We will continue to strengthen our cooperative relationship with Hyogo Prefecture and work to form a sustainable society and develop and improve the region.”
Votorantim Cimentos’ revenue grows by 37% to US$2.95bn so far in 2021
Brazil: Votorantim Cimentos’ revenue grew by 37% year-on-year to US$2.95bn in the first nine months of 2021 from US$2.15bn in the same period in 2020. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 67% to US$758m from US$455m. Cement sales volumes rose by 18% to 27.8Mt from 23.5Mt. The cement producer benefitted from strong growth in the first half of 2021, particularly in Brazil, although this has slowed somewhat. Notable acquisitions by the company so far in 2021 include an agreement to buy both Cementos Balboa and FYM’s Southern business in Spain and the completion of a deal to take control of McInnis Cement in Canada.
Overall the group’s net revenue rose by 32% to US$8.81bn from US$6.67bn. Its adjusted EBITDA grew by 70% to US$2.14bn from US$1.26bn. Cement-based revenue represented 44% of the total. The group attributed its result in the third quarter of 2021 to higher commodity prices and sales volumes.
