28 March 2022
Cemex publishes 2021 Integrated Report 28 March 2022
Mexico: Cemex has published its 2021 Integrated Report. Under the report’s Climate Action section, Cemex recorded a 4.7% year-on-year decrease in its CO2 emissions per tonne of cementitious material. Alternative fuel (AF) substitution rose to 29%, while its products’ average clinker factor fell to 75%. It was the first company to complete a global roll-out of its reduced-CO2 cement and concrete range (Vertua). It established Science-Based Targets Initiative (SBTi)-verified well below 2°C 2030 climate action goals and joined the UN’s Race to Zero and the Business Ambition for 1.5°C coalition. It also became a founding member of the World Economic Forum’s First Movers Coalition for zero-carbon economic development.
The year also brought major Sustainability and Circular Economy milestones, including managing 57 times the volume of waste it sent to landfill, positively impacting 25m lives through its Social Impact Strategy and processing 61% of global sales through its Cemex Go digital sales platform. For the second consecutive year, its Net Promotor Score was 68, ‘substantially above’ the construction and engineering industry average.
Anhui Conch records decline in 2021 sales and profit 28 March 2022
China: Anhui Conch recorded a 4.7% year-on-year decline in its consolidated sales to US$26.4bn in 2021 from US$27.7bn in 2020. Its net profit was US$5.23bn, down by 5.3% from US$5.52bn. Anhui Conch attributed the decline to decreased cement demand. Its fuel and power costs increased by 30% in 2021. The producer forecast continued low market demand and high raw material and energy costs for the duration of 2022.
During the reporting period the group’s cement sales volumes fell by 9.8% to 409Mt. It increased its clinker, cement and concrete production capacities by 7.2Mt to 269Mt/yr, by 14.3Mt to 384Mt/yr and 10.5Mm3 to 14.7Mm3. It also installed photovoltaic power plants with a capacity of 200MW. By region, it said that market demand remained stable in East, Central and South China, although sales volumes declined slightly. However, it noted insufficient market demand in West China. The group’s export sales volumes fell by 43% but volumes and sales by its international subsidiaries grew by 7.5% and 5.3% respectively.
Jiangxi Wannianqing Cement increases net profit in 2021 28 March 2022
China: Jiangxi Wannianqing Cement’s consolidated net profit was US$251m in 2021. The figure represents a year-on-year increase of 7.6% from US$232m in 2020.
Premji Invest to acquire 10% Sagar Cements stake 28 March 2022
India: Sagar Cements has received board approval for the preferential allotment of a 10% stake of equity shares to Premji Invest. ET Now News has reported the value of the deal as US$46m.
Joint Managing Director Sreekanth Reddy Sammidi said “We are delighted to partner with Premji Invest and look forward to their inputs towards strengthening our processes and systems and enhancing value for all our stakeholders.”
France: Hoffmann Green Cement Technologies recorded sales of Euro2.38m in 2021, more than four times its 2020 figure of Euro504m. The company’s losses before interest, taxation, depreciation and amortisation (LBITDA) declined by 27% to Euro5.23m from Euro4.13m, while its net loss fell by 9.1% to Euro5.56m from Euro6.12m.
The producer confirmed its global sales target of Euro130m and EBITDA margin target of 40% by 2026, by which time it expects to have achieved sales of 550,000t/yr of its clinker-free cement in France. This would correspond to 3% of the domestic cement market. By 2026, it aims to operate four plants abroad.
Austria/Germany: RHI Magnesita and Horn & Co. Group have announced the consolidation of their recycling activities in Europe under Horn & Co. RHIM Minerals Recovery. The new subsidiary aims to increase the production, use and offering of secondary raw materials for the European refractory industry. The partners say that this will place the new entity at the forefront of the circular economy for customers in cement and other process industries. At the onset, Horn & Co. RHIM Minerals Recovery will process more than 150,000t/yr of secondary raw materials.
RHI Magnesita says that it can save 1.8t of CO2 for every tonne of recycled material used in its refractory production. It now expects to achieve its goal of 10% recycled materials ahead of its previously stipulated target date of 2025. It said that this marks an important step towards achieving a 15% reduction in CO2 emissions by 2025.
CEO Stefan Borgas said “By increasing our focus in this key area, we will make a significant contribution to global climate protection. We will conserve natural resources while at the same time expanding our business.” He added “With the combination of the recycling activities, RHI Magnesita and Horn & Co. Group become the driving force of circular economy in the refractory industry. Going forward, refractory users will benefit from increasing circular economy solutions included in our full line service contracts and customers of Horn & Co. RHIM Minerals Recovery will be able to source sustainable and high-quality raw materials.”