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Fives’ overall sales rise in 2019 but cement market remains under pressure

17 June 2020

France: Fives’ sales across all business lines rose by 2.5% year-on-year to Euro2bn in 2019, mainly due to positive currency effects. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 28% to Euro120m from Euro94m due to “a strong increase in orders for equipment and small systems in almost all segments except cement.” However, the group reported a loss of Euro22.6m in 2019, up from 19.9m in 2018.

The equipment manufacturer noted two cement industry trends impacting upon its process technologies division. Firstly, European and American players “continue to streamline their portfolios and cut costs.” Secondly, in the rest of the world, “the market still pays little heed to environmental and energy issues,” meaning that decisions are made at prohibitively low price levels.

Published in Global Cement News
Tagged under
  • France
  • Fives
  • Results
  • GCW460

Dangote Cement ships first clinker delivery from Lagos terminal

16 June 2020

Nigeria: Dangote Cement has dispatched 27,800t of clinker to Senegal from its new Lagos cement terminal in Apapa Port, Lagos State. M2 Presswire News has reported that the terminal will now begin dispatches of 984,000t/yr of clinker to Cameroon. Dangote Cement aims to serve the whole of West Africa with 4Mt/yr of clinker exports from the terminal. Manufacturers Association of Nigeria (MAN) acting director general Chuma Oruche said, “The export of clinker by Dangote Cement will be beneficial to the Nigerian economy in terms of export earnings, job creation and wealth creation for families connected with these achievements.”

Published in Global Cement News
Tagged under
  • Nigeria
  • Dangote Cement
  • Terminal
  • Export
  • Manufacturers Association of Nigeria
  • Clinker
  • Cameroon
  • GCW460

Cementos Argos resumes Panamanian operations

16 June 2020

Panama: Grupo Argos subsidiary Cementos Argos has announced the “gradual reactivation” of its operations in Panama. The first stage of the post-coronavirus start of operations consists of “supply to prioritised public infrastructure works and sale to hardware stores,” begun on 9 June 2020. Presently the company is awaiting clearance from the Panamanian government to resume deliveries to “construction customers and other types of projects.”

Published in Global Cement News
Tagged under
  • Panama
  • Cementos Argos
  • startup
  • Operation
  • coronavirus
  • Colombia
  • GCW460

Cementos Argos to enter Guatemalan market

16 June 2020

Guatemala: Colombia-based Cementos Argos has announced that it is “exploring opportunities for importing cement into Guatemala.” Subsidiary Argos Guatemala will be responsible for the import and commercialisation of the cement, which will be produced by Cementos Argos in Panama.

Published in Global Cement News
Tagged under
  • Guatemala
  • Cementos Argos
  • Import
  • Colombia
  • GCW460

Cemex UK lobbies for sustainable development

16 June 2020

UK: Cemex has joined the Aldersgate Group alliance of companies in calling on the UK government to support an economic recovery, “aligned with the UK’s climate and environmental goal.” In a policy briefing, the Aldersgate Group said that a low-carbon recovery plan should: address regional inequality and unemployment; strengthen the UK’s economic competitiveness and productivity through investment in the sectors and technologies of the future; deliver critical public goods including clean air, better health and improved resilience to future environmental shocks; build a more resilient financial system fit to withstand future climate shocks ;deliver the Global Britain agenda by strengthening the UK government’s influence ahead of the G7 and COP26 summits that it will be hosting in 2021; and enable UK businesses to be competitive providers of low carbon goods and services.

Cemex Europe director of public affairs Martin Casey said, “Our aim is to enable the development of climate-smart urban projects, sustainable buildings and climate-resilient infrastructures. Setting a clear policy direction for restarting the economy will enable to play its part in the recovery in a way that advances our climate and environmental goals.”

Published in Global Cement News
Tagged under
  • UK
  • Cemex
  • Government
  • lobbying
  • Aldersgate Group
  • Sustainability
  • Infrastructure
  • GCW460
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