16 February 2022
Vicat fights inflation with price rises in 2021 16 February 2022
France: Vicat says it offset rising energy costs by raising its prices in 2021. It reported growth in most places as markets recovered from the start of the Covid-19 pandemic in 2020. It also noted a particular improvement in Egypt as government-mandated changes came into force in July 2021. The group’s consolidated sales rose by 11.3% year-on-year to Euro3.12bn in 2021 from Euro2.81bn in 2020. Cement and concrete volumes increased by 12.4% to 28.1Mt and 12.5% to 10.5Mm3 respectively. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 11.1% to Euro619m from Euro557m.
“Conditions in our markets remained dynamic, supported by favourable pricing trends in a context of sustained demand. This offsets the sharp rise in energy costs and wage increases,” said Vicat group chairman Guy Sidos.
Australia: Boral’s earnings in the first half of its financial year have fallen as it has completed the sales of its North American fly ash business. Its revenue from continuing operations fell slightly to US$1.08bn in the six months to 31 December 2021. However, its earnings before interest, taxation, depreciation and amortisation (EBITDA) for continuing operations dropped by 16% to US$138m from US$164m in the same period in 2020. Cement and concrete sales volumes remained stable and rose slightly respectively.
“With the completion of the divestment of our North American Fly Ash business on 11 February 2022, we have now finalised the strategic realignment of our portfolio to focus on our Australian construction materials business,” said Boral’s chief executive officer Zlatko Todorcevski. “We are focused on building a more competitive and profitable business that is positioned for success and delivers increased returns to shareholders.” He blamed falling earnings on construction shutdowns and growing energy prices despite changes to the business.
Cemex to invest US$1.3bn in 2022 16 February 2022
Mexico: Cemex says that it will invest a total of US$1.3bn in its business in 2022. US$600m will go towards strategic growth, according to the company.
Chief executive officer Fernando Gondzález said "Overall in 2022, we anticipate a favourable environment with more moderate volume growth in most markets and solid pricing dynamics reflecting high capacity utilisation and input cost iteration. Finally, our objective is to recover margins in line with our goal of operational resilience with our pricing strategy.” He continued "Today, we are very prepared to handle the inflationary change. We have reflected cost pressures in our regular 2022 price announcements scheduled for January and April. We are also assuming that inflation is not transitory and are prepared to respond quickly to changes in the environment."
US: The supervisor of Santa Clara County in California has ordered a report by the county council setting out a plan for the acquisition of Lehigh Hanson’s Santa Clara cement plant and its associated quarry. If successful in acquiring the property, the administration would close down all operations there. The Mercury News has reported that the council will have until mid-May 2022 to produce its report. The supervisor called the facilities a ‘historical anachronism’ and said that the land, situated in the county’s Silicon Valley light industry region, might be used for housing.
Cementos Molins targets 20% CO2 emissions reduction by 2030 16 February 2022
Spain: Cementos Molins has committed to a 20% reduction in its CO2 emissions between 2020 and 2030. The company has set out its strategy in its 2030 Sustainability Roadmap. The roadmap covers five areas: health and safety, energy and climate change, the circular economy, nature and the environment, and corporate social responsibility. Thus, Cementos Molins aims to achieve an accident-free workplace, to source 55% of its electricity consumption renewably, to increase its alternative fuel (AF) substitution rate to 40% and reduce its cement’s clinker factor to 68%, to halve particulate matter emissions and cut nitrous oxides (NOx) and sulphur oxides (SOx) emissions by 40% and 10% respectively and to have signed official agreements with all host communities and employ women in over 23% of management positions.
Chief executive officer Julio Rodríguez said “Sustainability is the cornerstone of our strategy here at Cementos Molins, and today we are delighted to announce the specific targets that we have set out in our 2030 Sustainability Roadmap. The targets and their corresponding action plans - the result of the hard work and dedication of the Cementos Molins team, together with our stakeholders – will help drive our company forward in actively tackling climate change.” He added “We are deeply committed to achieving zero emissions and building a better world for everyone.”
Cementos Argos commissions Cartagena cement terminal 16 February 2022
Colombia: Cementos Argos has successfully commissioned its new cement terminal in Bolívar Department’s Cartagena Free Zone. Semana News has reported that the terminal will export cement to the Caribbean, Central America and the US. It triples Cementos Argos’ cement export capacity to 3.5Mt/yr.
Eurocement completes maintenance project at Mordovcement plant 16 February 2022
Russia: Eurocement has completed a Euro3.3m maintenance project on the kiln at its Mordovcement plant in Chamzinsky District. The wet-process kiln was reconstructed as part of a large-scale modernisation program. Work conducted included replacement casing bandages, roller supports, the kiln chain curtain and the welding of cracks along the kiln shell. The project included a major relining of refractory material with magnesia bricks produced by the Magnezit Group and aluminosilicate refractory bricks produced by BKO. Maintenance work was also carried out on the plant’s FLSmidth Cross-Bar cooler.
Russia: Siberian Cement’s chair Oleg Sharykin has signed an agreement with the Sergey Tsivilev, the Governor of Kuzbass, to build a lime plant in the Kuzbass Special Economic Zone. The Euro23m project will create a 0.2Mt/yr lime plant with two kilns. The unit will use the Solominskoye limestone deposit, which is being developed by Topkinsky Cement, a subsidiary of Siberian Cement. Around 70 jobs are expected to be created. Russian lime production was reported at around 11Mt/yr from 2014 to 2020.
Cemex tests electric concrete mixer trucks 16 February 2022
France/Germany: Cemex has introduced electric vehicles into the concrete mixer truck fleets of its subsidiaries in France and Germany. The El Financiero newspaper has reported that, if successful, the test may lead to continued introductions and tests of new prototype zero-emission concrete mixer trucks in its operations.
Boral hires Earlytrade for payments digitalisation 16 February 2022
Australia: Boral has selected Earlytrade to digitise its supplier payment and progress claim processes. The supplier says that it will help protect Boral's supply chain against inflation and insolvency trends. It will roll out its early payment technology for 5000 suppliers of Boral products, as well as subcontractors, across Australia.