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Cement News

»   » Dalmia Cement to invest US$136m in remaining eastern India cement capacity expansions
Tue, 11 May 2021 11:19:32 +0000

Dalmia Cement to invest US$136m in remaining eastern India cement capacity expansions

India: Dalmia Bharat subsidiary Dalmia Cement plans to increase its installed cement production capacity in Eastern India by a further 4.8Mt/yr. The Economic Times newspaper has reported that its remaining planned upgrades in the region consist of a 2.3Mt/yr capacity expansion at a grinding plant in Odisha and a 2.5Mt/yr capacity expansion at a grinding plant in Bihar. The Odisha upgrade is scheduled for commissioning in mid-2021 and the Bihar upgrade is scheduled for commissioning in 2023. When both completed, the new lines will increase the producer’s cement capacity to 40Mt/yr.

The company says that it plans to announce further capital expenditure (capex) investments. It said that its subsidiary Murli Industries requires US$47.7 - 54.5m-worth of capex spending. It acquired the company, based in the western Indian state of Maharashtra, in the 2021 financial year. Managing director Puneet Dalmia said that the company would wait for greater economic certainty before launching the next round of expenditure. He said that the company’s aim is to become a national producer.

»   » Cementos Argos increases sales, earnings and profit in first quarter of 2021
Tue, 11 May 2021 11:18:32 +0000

Cementos Argos increases sales, earnings and profit in first quarter of 2021

Colombia: Grupo Argos subsidiary Cementos Argos increased its consolidated net sales by 6% year-on-year to US$618m in the first quarter of 2021 from US$582m in the first quarter of 2020. Cement sales over the period rose by 19% to 4.1Mt from 3.5Mt. The company’s earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 30% to US$119m from US$91.5m. Its net profit was US$14.7m, compared to US$1.07m in the first quarter of 2021.

The company recorded increased cement volumes in all regions during the quarter. The sharpest regional increase was of 21%, to 1.4Mt from 1.2Mt in the Caribbean and Central America Region. In Colombia, volumes increased by 19% to 1.2Mt from 1.0Mt and net sales increased by 15% to US$161m from US$139m.

Chief executive officer Juan Esteban Calle said, “We are mindful of the social and economic challenges that Colombia is facing after more than 4m people fell below the poverty line as a consequence of the economic impact of the pandemic. We consider ourselves part of the solution and will continue working to build a better country with our optimism intact.”

The company also updated its climate change strategy in line with its target of carbon neutral concrete by 2050.

»   » SCG Packaging to acquire 75% stake in Intan Group
Tue, 11 May 2021 11:17:16 +0000

SCG Packaging to acquire 75% stake in Intan Group

Indonesia: SCG Packaging, part of Thailand-based Siam City Group, has entered into a share purchase agreement to acquire a 75% stake in Intan Group, a corrugated container producer. The purchase is intended to strengthen SCG Packaging’s downstream paper-based packaging business in the country. It awaits approval from the relevant authorities and the transaction is expected to close in mid-2021.

»   » New Zealand government to launch building materials price probe
Tue, 11 May 2021 11:16:40 +0000

New Zealand government to launch building materials price probe

New Zealand: The New Zealand Ministry of Finance plans to launch a commission to investigate high building materials prices. The New Zealand Herald newspaper has reported that finance minister Grant Robertson said that New Zealanders pay too much for building materials. Robertson indicated that any probe would look into cement, among other building materials. The Productivity Commission previously estimated that average national building materials prices are 20 – 30% higher in New Zealand than in Australia.

»   » UltraTech Cement’s sales and profit grow in 2021 financial year
Mon, 10 May 2021 11:39:30 +0000

UltraTech Cement’s sales and profit grow in 2021 financial year

India: Aditya Birla subsidiary UltraTech Cement’s net sales rose by 6% year-on-year to US$6.04bn in its 2021 financial year from US$5.70bn in the same period in 2020. Its cement sales volumes increased by 5% to 80.2Mt. The company’s profit before interest, depreciation and tax grew by 24% to US$1.68bn from US$1.35bn. It attributed the result to ‘prudent’ working capital management and control on cash flows aided by its overheads control programme.

The producer forecast an increase in cement consumption from pent-up urban construction demand in the 2022 financial year.

»   » Pakistan’s cement production capacity to increase to 99Mt/yr
Mon, 10 May 2021 11:38:48 +0000

Pakistan’s cement production capacity to increase to 99Mt/yr

Pakistan: The All Pakistan Cement Manufacturers Association (APCMA) says that the country’s installed cement production capacity will reach 99Mt/yr within the next few years, with most of the planned work to be completed by mid-2023. The Dawn newspaper has reported that producers are launching new cement plant projects and expanding existing plants with a total new capacity of 18Mt/yr. Upon completion, the current projects will increase domestic cement production capacity by 43% to 99Mt/yr from 69Mt/yr. 94Mt/yr of the new capacity is situated in Northern Pakistan and 5.0Mt/yr in Southern Pakistan.

APCMA says that the reason behind the new expansion cycle is estimated annual sales growth of 10 – 15% from 2021.

»   » Schwenk seeks purchase of Akmenes Cement
Mon, 10 May 2021 11:37:54 +0000

Schwenk seeks purchase of Akmenes Cement

Lithuania: Germany-based Schwenk Zement has sought to increase its stake in 50% subsidiary Akmenes Cement to 97%. The company is also seeking the acquisition of a 75% stake in limestone supplier Kalcitas. The producer took over Mexico-based Cemex’s stake in Akmenes Cement in 2019.

»   » Buzzi Unicem’s cement volumes grow as sales fall in first quarter of 2021
Mon, 10 May 2021 11:37:24 +0000

Buzzi Unicem’s cement volumes grow as sales fall in first quarter of 2021

Italy: Buzzi Unicem’s first-quarter consolidated net sales fell by 1% year-on-year to Euro683m in the first quarter of 2021 from Euro689m in the first quarter of 2020. Cement sales volumes were 6.2Mt, up by 3% from 6.0Mt. Adverse weather caused slight sales declines in Europe and North America. The company called full-year growth prospects for 2021 ‘encouraging.’

»   » ThyssenKrupp Industrial Solutions launches new GooVi vibrating screen
Mon, 10 May 2021 11:35:27 +0000

ThyssenKrupp Industrial Solutions launches new GooVi vibrating screen

Germany: ThyssenKrupp Industrial Solutions has launched GooVi, a digitised vibrating screen with an ‘intelligent’ control system. The supplier says that the screen offers increased efficiency, reduced weight and height. It combines the control system with a new patented drive technology. The product’s name plays on the title of the Beach Boys’ 1967 hit song Good Vibrations.

Head of product line screens and feeders Achim Schönfelder said, “With the GooVi, all vibration modes (circular, linear and elliptical) can be realised in one machine, allowing flexible adaptation to changing job requirements and material properties. In addition, the low height of the GooVi facilitates simple installation in existing plants.”

»   » Polish Cement Association predicts fall in cement sales in 2021 and reviews challenges of carbon neutrality
Fri, 07 May 2021 13:55:23 +0000

Polish Cement Association predicts fall in cement sales in 2021 and reviews challenges of carbon neutrality

Poland: The Polish Cement Association (SPC) has forecast a 2% year-on-year drop in cement sales to 18.5Mt in 2021. President Krzysztof Kieres attributed the fall to growing imports and reduced construction due to a cold start to the year. He predicts that sales will rise again, by 4% to 19.3Mt, in 2022.

The SPC has warned that the industry faces large costs in meeting the European Green Deal’s required 40% CO2 emissions reduction by 2030 and achieving carbon neutrality by 2050. In particular, the local industry noted that the rising European Union (EU) CO2 price has caused a direct increase in electricity prices. It has called on the government and the EU to compensate it for this rise.

Imports of cement also present a key challenge. In 2020, imports of Belarusian cement increased by 80% to 440,000t and imports of Ukrainian cement increased by 50% to 32,000t. The association expressed strong support for the European Carbon Border Adjustment Mechanism (CBAM) as a means of protecting the industry against imports both from neighbouring countries outside the EU and via polluting shipping from cement exporters further afield such as Turkey.