Vietnam: The Vietnam National Cement Association (VNCA) says that the average cement production of each integrated cement plant is 2.2Mt/yr. It alleges this is the lowest output in the Southeast Asian region, according to the Viet Nam newspaper. It further explained that 70% of the country’s plants produce less than 1Mt/yr of cement, accounting for 20% of the total output.
FLSmidth enters negotiations with ThyssenKrupp over acquisition of its mining business
Germany: Denmark-based FLSmidth has entered into non-binding negotiations with ThyssenKrupp over the possible acquisition of its mining business. Mining is one of ThyssenKrupp subsidiary ThyssenKrupp Industrial Solutions’ major businesses, alongside cement. This business segment reported net sales of Euro2.9bn in its 2020 financial year, a small decline from the sales figure in 2019 despite the coronavirus pandemic.
Huaxin Cement predicts 2020 profit drop
China: Huaxin Cement has forecast a 9 -14% year-on-year fall in full-year net profit in 2020, of up to US$140m. It said that it recorded a net profit attributable to shareholders after deducting non-recurring gains and losses of around US$980m in 2019.
The company said, “The main reason for 2020 performance decline is the hit of Covid-19 in the first half of this year and vast flood disaster along Yangtze River in July 2020. The sales volume of main products were hugely affected and the price fell to some extent, leading to the reduction in the operating revenue.”
Cemex UK supplies Vertua Classic concrete for building in Leeds Climate Innovation District
UK: Cemex UK has supplied 70m3 of Vertua Classic concrete to the site of Citu’s upcoming office building in its Climate Innovation District in Leeds, West Yorkshire. It will provide the building’s foundations. The company says that it has a 30 – 50% smaller carbon footprint than a standard mix. It produced the concrete at its Leeds ready-mix plant.
Ready-mix technical manager Tracey Carden said “We are very proud to have supplied our Vertua Classic concrete to the latest phase of work at Citu’s Climate Innovation District in Leeds, particularly as this will be its head office. This is a development that prioritises sustainable construction, making our low-carbon concrete the obvious choice for the office building foundations.”
