08 February 2022
Taiheiyo Cement’s sales and profit decline in first nine months of 2022 financial year 08 February 2022
Japan: Taiheiyo Cement recorded consolidated sales of US$4.57bn in the first nine months of the 2022 financial year, down by 24% year-on-year from US$5.65bn in the corresponding period of the 2021 financial year. The group’s net profit in the period was US$256m, down by 20% year-on-year from US$322m. Dow Jones Institutional Newswires has reported that the producer forecast full-year sales in the 2022 financial year of US$6.15bn and a net profit of US$294m.
HN Ingenieros commissions new cement kiln line in Honduras 08 February 2022
Honduras: HN Ingenieros has commissioned a new kiln line at a cement plant in Honduras. The supplier says that the line had previously been inactive since 2002, and is now the country’s largest.
Nanjing Kisen and Schneider Electric to develop cement plant digitisation technologies 08 February 2022
China: China National Building Material subsidiary Nanjing Kisen has signed a long-term collaboration agreement with France-based Schneider Electric. The partners plan to develop models for increasing operational efficiency, digitisation and sustainability. Alliance News has reported that they will establish a series of joint pilot projects. They plan subsequently to explore plant engineering, procurement and construction (EPC) opportunities outside of China together.
Vicem sells 29.4Mt of cement and clinker in 2021 08 February 2022
Vietnam: Vicem sold 29.4Mt of cement and clinker in 2021, in line with its sales volumes in 2020. Viet Nam News has reported that the company produced 24.1Mt of cement during the year, down by 2.1% year-on-year. Its sales were US$1.46bn, in line with 2020 sales.
Vietnamese domestic cement consumption fell by 5.2% year-on-year to 59Mt in 2021.
James Hardie increases third-quarter sales in 2022 financial year 08 February 2022
Australia: In the third quarter of the 2022 financial year, James Hardie’s net sales rose by 22% year-on-year to US$900m. Its Asia Pacific fibre cement business recorded sales of US$140m, up by 20% and adjusted earnings before interest, taxation, depreciation and amortisation (EBIT) of US$38.2m, up by 17%. James Hardie’s North America fibre cement business’ sales also rose, by 24% to US$645m, while its adjusted EBIT rose by 18% to US$183m. Following the results, James Hardie raised its 2022 net income guidance to US$620 – 630m from US$605 – 625m.
Interim chief executive officer Harold Wiens said, "I am pleased to report the James Hardie team has continued to execute well on our stated global strategy.” He attributed the successes to “Firstly, enabling our customers to make more money by selling more James Hardie products and, secondly, marketing directly to the homeowners to create demand of our high value products through our customers."
Wiens also announced the launch of the company’s new Architectural cement boards collection.
Lafarge Cement Malawi rebrands as Portland Cement Malawi 08 February 2022
Malawi: Lafarge Cement Malawi, which Huaxin Cement acquired from Holcim in December 2021, has renamed itself Portland Cement Malawi.
The Nyasa Times newspaper has reported that company secretary Constance Musopole said "Portland Cement Malawi will remain the home of our trusted brands which include DuraCrete, SupaSet, Kumanga and Khoma. We wish to inform the general public that the reputable legacy and the superior quality of goods and services that have been built over 65 years of existence in Malawi will indeed continue and also improve.” She added "Huaxin is among the 10 largest cement manufacturing companies globally with 115Mt/yr in capacity. We are excited to begin this new chapter in the legacy of the company."