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News GCC reports strong first half of 2021

GCC reports strong first half of 2021

Written by Global Cement staff 28 July 2021
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Mexico: GCC’s sales rose by 9.7% year-on-year to US$466m in the first half of 2021 from US$424m in the same period in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 15.3% to US$147m from US$127m. Cement sales volumes grew by 3.2% and 11.5% in the US and Mexico respectively. Concrete sales volumes fell by 21.1% in the US but grew by 22.8% in Mexico.

“Cement demand is stronger than pre-pandemic levels and construction activity is expected to remain robust throughout the year. Every kiln at GCC is up and running,” said Enrique Escalante, GCC’s chief executive officer.

Published in Global Cement News
Tagged under
  • Mexico
  • GCC
  • Results
  • US
  • concrete
  • GCW516
  • coronavirus
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