September 2024
Fatih Yücelik elected as chairman of Türkçimento 28 April 2021
Turkey: Fatih Yücelik has been elected as the 24th chairman of the board of Türkçimento, the Turkish Cement Manufacturers’ Association. He succeeds Tamer Saka in the role.
Yücelik has worked as a senior executive in the construction sector. He currently works as the vice chairman of the board of directors and chairman of the executive board of Erçimsan Holding. He holds a number of positions with non-governmental organisations, including that of Eastern Anatolian Honorary Consul to the Democratic Socialist Republic of Sri Lanka, deputy chairman of the board of directors of Cement Industry Employers' Union (ÇEİS) and as a board member of Foreign Economic Relations Board (DEİK).
Germany: Schenck Process Group has appointed Ulrich Spiesshofer as the chairman of its advisory board with effect from 1 May 2021.
Spiesshofer recently served as chief executive of the group from 2013 to 2019 and has been a member of the executive committee of ABB since 2005. He currently serves on the board of directors of Infineon, Munich, serves as senior advisor to Blackstone and is assuming the chairman role at Sabre Industries, based in Texas, US. Prior to ABB, Spiesshofer was Senior Partner and Global Head of Operations for Roland Berger and served AT Kearney in Europe, Australia, Asia and the US for 11 years most recently as partner and managing director of their Swiss operations. He holds a PhD in Economics and a master’s degree in Business Administration and Engineering from the University of Stuttgart, Germany.
Germany: Flender has appointed Peter Waller as its chief financial officer (CFO) with effect from 1 May 2021. He will succeed Ulrich Stock in the post who has decided to retire from the post by mutual agreement. Waller holds international and capital market experience. He was most recently CFO of Swissport International and for CEVA Logistics. Stock, has been employed in various functions in the Siemens Group worldwide since 1991 and joined Flender as CFO in October 2012. He will continue to advise the company.
Australia: FCT Combustion has appointed Andy Bailes as its new chief executive officer for Asia-Pacific.
Bailes joins FCT after working for almost 30 years at Metso in Australia, having spent 10 years as General Manager – Engineered Product Services, where he was responsible for managing a large team covering proposals, sales, technical, commercial and contractual obligation of the EP Products (Grinding, Pyro, Process & BMH) Group within the Australia and New Zealand region. He is a previous winner of the NEI International Combustion Scholarship for Chemical Engineering and holds additional qualifications in Business Administration and Management.
China: Anhui Conch’s consolidated net profit rose by 20% year-on-year in the first quarter of 2020 to US$917m from US$763m. Its total operating income rose by 48% to US$5.31bn from US$3.58bn. The group attributed the rise in operating income to the negative effects of the coronavirus pandemic in 2020.
CRH increases revenues in first quarter of 2021 28 April 2021
Ireland: CRH recorded a 3% like-for-like year-on-year consolidated net sales increase in the first quarter of 2021. American regional cement volumes increased by 5% and cement prices increased by 4%. Asian cement sales increased due to stronger volumes despite lower prices. Cement volumes rose in France but fell in Ireland due to the different timelines of the Covid-19 outbreak in each country in the periods under comparison. The price of cement rose in Eastern Europe. The group said that there is currently good underlying demand and continued pricing progress across key markets.
In the first quarter of 2021, the company spent US$200m on acquisitions. It says that it continues to have a ‘strong pipeline of opportunities.’ It earned US$200m from divestment of its Brazilian business. The company continues its share buyback programme with a US$300m tranche to be completed by the end of June 2021. It expects its earnings before interest, taxation, depreciation and amortisation (EBITDA) in the first half of 2021 to be ‘well ahead’ of first-half 2020 levels.
Chief executive officer Albert Manifold said “We had a positive start to the year in a seasonally quiet period for our business. He added “While near-term uncertainties remain, as we look ahead to the second half of the year we expect further normalisation in our markets as the health situation continues to improve.”
GCC’s first-quarter sales fall as earnings rise 28 April 2021
Mexico: GCC recorded consolidated net sales of US$179m in the first quarter of 2021, down by 2% year-on-year. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 9% to US$49.5m. In Mexico cement sales volumes rose by 6% but in the US they fell by 7.7% due to poor oil well cement sales.
The company’s chief executive officer Enrique Escalante said, "GCC started 2021 with strong financial performance - increasing EBITDA, free cash flow and EBITDA margin. Our results reflect momentum in the industry and show early signs that we are entering into a new phase of the industry's cycle with a stronger demand for most of our products. Therefore, we will focus our efforts in producing cement to supply pent-up demand." Escalante continued "Our backlog and the overall market trends of our business are encouraging in the US and Mexico. Both countries are emerging from tough and uncertain times into brighter months ahead. Our focus continues on maximising production, improving plant reliability, and optimising our logistics network to take advantage of the pent-up demand we are experiencing."
Saudi Arabia: Arabian Cement has placed an order with Denmark-based FLSmidth for the supply of equipment for an upgrade of its Rabigh cement plant. The order includes new DDX top cyclones, a quenching chamber and an ABC Cooler Inlet. Installation and commissioning is expected to be during the fourth quarter of 2021.
Arabian Cement’s chief executive officer Badr Osama Johar said, “With FLSmidth having provided the original line, they were the obvious candidate for the upgrade - we wanted a trusted partner who knows the ins and outs of the plant and is able to secure the success of the upgrade.” The producer previously engaged the company for the supply of its Rabigh plant’s kiln in 2008.
Iran: National cement production increased to 68.3Mt in the 2021 financial year, which ended on 20 March 2021. The figure corresponds to 79% utilisation of the country’s 87.0Mt/yr production capacity. The Tehran Times newspaper has reported that Iranian cement consumption during the year was 65.0Mt and exports were 11.0Mt. Iran supplied both cement and production equipment to its neighbouring countries.
Thal Limited to establish polypropylene bag plant 28 April 2021
Pakistan: House of Habib subsidiary Thal Limited has invested US$11.0m to establish a polypropylene woven bag plant in Hub, Balochistan. Germany-based Windmoller & Holscher will supply the plant. The Business Recorder newspaper has reported that it will have a capacity of 90m bags/yr.
Chief executive officer Syed Umair Ahmed said "Thal Limited also has a paper production capacity of 250m bags/yr and with a polypropylene woven bag production capacity of 90m bags/yr we will be able to cater to not only the local market but also grow our export business."