04 February 2021

India: Ramco Cements’ nine-month profit for the period ending on 31 December 2020 was US$77.9m, up by 23% year-on-year from US$63.3m in the corresponding period of the 2020 financial year. Cement sales volumes dropped by 18% to 67.6Mt from 82.7Mt. Its revenue from sale of products fell by 9% to US$488m from US$535m.

The company reported that it has redeposited US$3.54m for its appeal against cartelisation charges that carrya penalty of US$35.4m. It said, “The company, backed by legal opinion, believes that it has a good case and hence no provision is made.”

The cement producer plans to commission a 1.5Mt/yr clinker line and a 9MW waste heat recovery (WHR) system at Jayanthipuram, Andhra Pradesh and a 2.25Mt/yr clinker line at Kurnool, Andhra Pradesh in the first quarter of its 2021 – 2022 financial year. A 1Mt/yr grinding unit, a 12MW WHR unit and a thermal power plan are expected to be commissioned later in the year.

India: The board of UltraTech Cement has voted to raise up to US$411m through issuance of US dollar-denominated bonds. The company will use the proceeds to refinance existing Indian Rupee debt, with the remainder reserved for regular on-going capital expenditure requirements and general corporate purposes.

Nigeria: BUA Cement recorded full-year net sales of US$550m in 2020, up by 20% year-on-year from US$460m in 2019. Profit after income taxes was US$185m, up by 16% from US$159m.

In December 2020, Global Cement reported that the company planned to bring three integrated cement plant projects with a total capacity of 9Mt/yr to fruition by the end of 2022. This would bring its installed capacity to 20Mt/yr.

Mexico: Holcim Mexico has launched its Holcim Supra range of cements. The company says that products contain a unique three-in-one technology for water repellence, construction optimisation and protection against environmental agents. It says that the use of Holcim Supra cements gives buildings greater sustainability compared to normal ordinary Portland cement (OPC).

Commercial Director Francisco Shwortshik said, “The new Holcim Supra Cement family are the latest in the market in innovation, with integrated three-in-one technology especially developed to protect buildings by reducing the passage of moisture in concrete. In addition to maintaining the attributes of the current
Holcim cement and mortar, they contribute to sustainable building by reducing CO₂ emissions by up to 13% in the process of construction, which makes it an eco-friendly product.”

Chief executive officer Jaime Hill Tinoco said, "Innovation is key to reaching our goal of zero net emissions; this is why at Holcim México we have the strongest research and development organisation in the industry to present and promote consistently high-quality materials and solutions for our clients across the country - like Holcim Supra, a family of unique products on the market that will change Mexico’s way of building.”

Turkey: Brazil-based Votorantim Cimentos has leased three ready-mixed concrete plants from Polat Beton. Dunya News has reported that the facilities are all located in Ankara, Sincan, Kayaş and Gölbaşı respectively.