Global Cement News

Philippines: Eagle Cement recorded full-year consolidated net sales of US$286m in 2020, down by 30% year-on-year from US$408m in 2019. The company said that it recorded a stronger performance in the second half of 2020, according to the Manila Times newspaper. Second-half sales fell by 14% year-on-year to US$165m. Its full-year net income fell by 44% to US$70.1m from US$124m.

Chief executive officer Paul Ang said "The halting of our operations due to pandemic-related restrictions took a hit on our results in the first half of 2020 but the remaining half proved that we are well-positioned to bounce back. We saw improvement in our volume and we are able to bring down our production cost in 2020.” He added "We will continue to work on aggressive marketing and better pricing strategies for this year and this will be complemented by focusing on cost control initiatives in our operations, which will enable us to deliver better returns in 2021."

Poland: Italy-based Bedeschi has won a contract with China-based Nanjing Kisen International Engineering, part of China National Building Materials, to carry out equipment supply for the modernisation of crushing and storage facilities at a Lafarge Polska cement plant in Poland. The supplier says that it will provide a crushing system featuring two RI 450/15000 double rollers and two Pal SP 130/18 portal reclaimers for raw materials storage.

China: Asia Cement (China) has predicted a year-on-year increase of 110 - 130% in its consolidated net profit in in the first quarter of 2020. The company has attributed the anticipated growth to increased sales volumes during the quarter.

France: Mexico-based Cemex has signed an agreement to buy assets in Paris metropolitan area. The new acquisitions consist of two aggregates quarries and a rail platform. The assets previously belonged to Ireland-based CRH subsidiary Equiom Granulats. The purchase is expected to be completed during the second quarter of 2021.

Europe, Middle East, Africa and Asiaregional president Sergio Menendez said, "This acquisition will allow us to better serve our customers by integrating and complementing our portfolio to provide a comprehensive and sustainable offering, directly aimed at the rapidly growing needs of the North Paris Metropolitan Area." He added "This is a clear example of the efforts that we are doing to foster earning before interest, taxation, depreciation and amortisation growth by investing in key high-growth urban centres worldwide."

China: Huaxin Cement has forecast consolidated net profit growth of 104% - 111% year-on-year to US$55.7m – US$59.6m in the first quarter of 2021 from US$53.7m in the same period in 2020. The group said that cement volumes rose by 60% and concrete and aggregate volumes grew by over 200%. The cement producer has attributed the growth to the impact of coronavirus upon its business at the start of 2020.