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PPC reports 2020 full financial year results 14 October 2020
South Africa: PPC recorded sales of US$618m in the 2020 financial year, which ended 31 March 2020, down by 2.4% year-on-year from US$634m in the 2019 financial year. Earnings before interest, taxation, depreciation and amortisation fell by 17% to US$97.0m from US$118m.
Chief executive officer (CEO) Roland van Wijnen said, “The 2020 financial year was characterised by difficult trading conditions, especially in South Africa. The global Covid-19 pandemic, which emerged during the last month of the financial year, further exacerbated an already difficult trading cycle. While we have seen a decline in our financial performance, we also see that the actions we have taken to reposition PPC to deliver sustainable value for all our stakeholders are beginning to yield results.”
He added, “After the resumption of trading in the 2021 financial year, the performance across all of our core businesses has been encouraging. The group’s capital restructuring remains a key priority. Over the next nine months, we will take the strategic and operational actions needed to improve the group’s financial position and performance. It is encouraging to see how PPC employees have come together to drive performance to sustain our purpose to empower people to experience a better quality of life.”
Cemex Zement launches Vision Rüdersdorf 14 October 2020
Germany: Cemex Zement has announced the start of carbon-neutral building materials development at its 1.9Mt/yr Rüdersdorf, Brandenburg cement plant. Called Vision Rüdersdorf, the project consists of, “the comprehensive investigation of various approaches to breakthrough technologies in order to prevent process-related carbon dioxide (CO2) from entering the atmosphere, but to use it for beneficial purposes. The investigation areas can be divided into capture, storage or use of CO2. This will help towards Cemex’s target of 55% CO2 emissions reduction across Europe by 2030 and its commitment to deliver carbon-neutral concrete by 2050.
Chief executive officer (CEO) Rüdiger Kuhn said, “For years, sustainable success has been achieved here in the reduction of fossil fuels and in the selection of alternative recipe ingredients for cement. The experienced team is always looking for possible improvements. When it came to determining the best possible CO2 emission values, the Rüdersdorf plant was always at the forefront of the European cement industry and has thus also earned an excellent reputation in the global Cemex organisation.”
In order to realise Vision Rüdersdorf, the producer has partnered with companies from other industries. Managing director and plant manager Stefan Schmorleiz said, “In an interesting approach, the CO2 that we capture is used as a raw material for downstream processes in the chemical industry. Another approach is to innovate in the storage of CO2. With these efforts, and our commitment to review and invest in these technologies, Cemex Zement is making a contribution to the decarbonisation of the cement industry.”
Bangladesh: Production at Premier Cement’s new plants at Narayanganj and Chattogram has been delayed until November 2020 due to the coronavirus pandemic. Mohammed Amirul Haque, managing director of the cement producer, said that the projects have been delayed due to the absence of some technical personnel from China and Denmark, according to the Daily Star newspaper. The units were originally scheduled to start commercial production in June 2020 but this is now expected to start in December 2020. Both plants have a combined budget of around US$150m. Denmark-based FLSmidth was reported to be supplying mills for the plants.
Lafarge Maldives rebrands to Raysut Maldives Cement 14 October 2020
Maldives: Lafarge Maldives has rebranded to Raysut Maldives Cement following its 75% acquisition by Oman-based Raysut Cement. State Trading Organization retains its 25% stake in the joint venture, which operates the 75,000t/yr-capacity Thilafushi Island cement terminal. The company says that it plans to expand the terminal’s capacity by 167% to 0.2Mt/yr by 2022.
Raysut Cement group chief executive officer Joey Ghose said, “Our foray into the Maldives will help drive self-sufficiency of cement in Maldives, which currently is predominantly an import market. Raysut is looking at adding local value in the Maldives by installing production facilities to ensure there is at least 40% local content. This will also make the market more competitive from a price point of view, which will have a positive impact on infrastructure development in the country.”
India: Naveen Patnaik, the chief minister of Odisha, has attended the inauguration of Ramco Cement’s new cement grinding plant at Haridaspur. The unit had a cost of just under US$100m and has created 105 direct jobs. A LM 46.2+2 CS type vertical roller mill with a capacity of 3750kW has ordered from Germany-based Loesche in 2018 for the project. The cement producer says that the plant is designed to be ‘totally dust free,’ including bag filters designed to ensure emission levels below 30mg/m3.