28 April 2022

Mexico: Cemex recorded consolidated sales of US$3.77bn in 2022, up by 13% year-on-year from first-quarter 2021 levels. The group recorded operating earnings before interest, taxation, depreciation and amortisation (EBITDA) growth of 3% year-on-year, to US$691m. Cemex said that sales growth in its Europe, Middle East and Africa region led the earnings increase, supported by strong underlying demand conditions with robust volume growth in Europe and the US. It recorded double-digit like-for-like price rises across its global operations. During the quarter, group CO₂ emissions fell by 4% year-on-year.

Chief executive officer CEO Fernando González said “We are quite pleased with our first quarter performance despite the unprecedented global macro challenges. Against the backdrop of the worst inflation headwinds in more than 40 years, we achieved strong pricing traction across our products. Given the tight supply and demand dynamics in most of our markets, we are optimistic that we can recover input cost inflation. In addition, our diversified energy, supply chain and Climate Action strategies are paying off and helping us respond to energy cost pressures.”

Regarding the quarter’s sustainability achievements, González said “Our performance gives me great confidence that we can reach not only our 2030 climate goal but also our Net Zero ambition.”

Thailand: Siam Cement Group (SCG) recorded first-quarter sales of US$4.43bn in 2022, up by 25% year-on-year from first-quarter 2021 levels. The company’s net profit was US$257m, down by 40%.

China: Xinjiang Tianshan Cement, a subsidiary of Chizhou CNBM New Materials, has acquired mining rights for the Hengshan mining area and peripheral mines in Chizhou City’s Guichi District in Anhui province for US$376m. Reuters has reported that the company plans to make a total investment of US$1.38bn in establishing its mining operations there. The mines have limestone reserves of 513Mt and will be operational until 2043.

South Korea: Finance Minister Hong Nam-ki has announced plans for a further increase to his country’s coal imports from Australia in order to enable cement production to continue and prevent a shortage. The Yonhap News Agency News has reported that the government plans to accelerate customs clearance processes around the fossil fuel. Hong added that the government will ‘sternly deal with any illegal hoarding or price fixing’ of cement.

India: ACC has launched Holcim’s Houses of Tomorrow sustainable homebuilding initiative with the construction of a low CO₂ home in Puducherry called Gratitude Villa. Projects Today News has reported that architect Trupti Doshi selected building materials to reduce CO₂ emissions by 40% by comparison to conventional materials such as ordinary Portland cement (OPC). She opted for ACC’s Suraksha brand cement, fly ash bricks and ECOPact green concrete.

Mexico: Eight people have died in an armed clash at Cooperativa La Cruz Azul’s Hidalgo cement plant. The El País newspaper has reported that attackers riding in multiple trucks arrived at the plant in the early hours of 27 April 2022. In addition to the eight dead, a further 12 people were wounded in the ensuing fight with defenders. Attackers also destroyed some control panel wiring at the plant and set fire to eight vehicles. The altercation caused a suspension of cement production at the facility.

Police detained nine suspects and have established a watch at the Hidalgo plant.