26 March 2019
CNBM’s cement sales rise by 31% to US$6.17bn in 2018 26 March 2019
China: China National Building Material Company (CNBM) revenue grew by 19% to US$32.6bn in 2018 from US$27.4bn in 2017. Its profit rose by 44% to US$2.09bn from US$1.46bn. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 18% to US$6.33bn from US$5.37bn.
By product line its cement sales rose by 25% to US$18.7bn from US$14.9bn. Concrete sales rose by 31% to US$6.17bn from US$4.70bn. Overall sales rose in most regions, with the exception of the Middle East and Africa. The group’s cement companies’ cement production volumes fell slightly to 336Mt and cement sales fell by 2.4% to 323Mt. Particular declines in cement sales were noted at North Cement, Sinoma Cement, Tianshan Cement, Ningxia Building Materials and Qilianshan. The group’s overall concrete sales volumes rose by 3.4% to 96Mm3.
Sales from its engineering services division rose by 9% to US$5.09bn from US$4.67bn.
BUA signs up Wartsila to power new Sokoto line 26 March 2019
Nigeria: BUA Group has signed a contract with Finland’s Wartsila Oy for construction of a 48MW power plant for Line 3 at its Sokoto Cement plant in Sokoto State. The announcement of the deal follows BUA’s January 2019 announcement that China’s CBMI would build the new line at the site.
Abdul Samad Rabiu , the executive chairman and chief executive officer (CEO) of BUA Group, signed on behalf of the group while Wartsila’s Head of Africa Magnus Miemois signed for the power plant provider.
BUA is Nigeria’s second-largest cement producer by volume, with assets that include the 6Mt/yr Obu Cement I & II plants in Okpella, Edo State, CCNN’s 1.5Mt/yr Kalambaina plant and the 0.5Mt/yr Sokoto cement plant.
Dust dispute for Buzzi in Monselice 26 March 2019
Italy: The Buzzi Unicem cement plant in Monselice, Padua has come under fire from concerned locals following an emission of dust on 25 March 2019. Local press reported that the plant failed to notify residents following an emission of raw meal for at least three hours and not until plant staff had been telephoned by the media.
The plant uses marl and supplementary raw materials, the alleged unclear origins of which have particularly animated local environmentalists. Environment Councilor and mayoral candidate Gianni Mamprin said, “They say it’s just dust, but I don’t trust them. A plant of this type is incompatible with the tourism project that we want to implement in Monselice. Above all, Article 19 of the Environmental Plan of the Colli Park states that (it) is an incompatible plant in a natural park. If I am elected mayor of Monselice, I will actively commit to the closure of this unhealthy plant, because this territory does not need a factory that continually creates anxieties and doubts for citizens.”
Pakistan’s export picture mixed to February 2019 26 March 2019
Pakistan: The All Pakistan Cement Manufacturers Association (APCMA) has reported that cement exports during first eight months of the current Pakistani fiscal year, from 1 July 2018, saw growth of 52.3% year-on-year compared to the same period of the prior fiscal year. Exports were 4.65Mt compared to 3.05Mt.
In February 2019 exports were up by 69.1% year-on-year at 0.51Mt. The southern part of the country, particularly the Sindh region, fared considerably better than the national picture, as cement exports from the region increased by 185% to 0.35Mt in February 2019. Local consumption in the region was also higher, albeit less dramatically, with sales of 0.67Mt as compared to 0.61Mt a year earlier. However, plants in the north continued to suffer, with exports falling by 16% to 1.86Mt over the eight-month period from 2.21Mt a year earlier. In February 2019 exports from the north declined by 8.7% to 0.17Mt
Among other factors, the export of cement to India has been suspended due to a 200% increase in the import duty, as the Indian government had announced to de-list Pakistan from the status of ‘Most-Favoured Nation.’ The APCMA also said that rain in almost all parts of Pakistan had also affected construction activities.