September 2024
HeidelbergCement explores sale of Spanish assets 22 February 2021
Spain: Germany-based HeidelbergCement is reviewing its Spanish assets, which includes three integrated cement plants and related businesses. It is considered ‘likely’ it will sell its plant in Malaga and it might sell its other plants at San Sebastian and Bilbao also, according to Bloomberg. The company’s assets in the country have been valued at around Euro300m by one source quoted by Bloomberg. Group chairman Dominik von Achten told Reuters earlier in February 2021 that the company completed a review of its business and identified five assets to sell.
Eurocement’s earnings rise by 6% in 2020 22 February 2021
Russia: Eurocement recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$182m in 2020, up by 6% year-on-year from US$172m. Sales remained consistent with 2019 levels at US$674m.
Interfax reports that the Auction House of the Russian Federation partly disclosed the group’s 2020 results in a presentation related to the sale of its parent company, GFI Investments, and related debts. Potential investors have until 15 March 2021 to submit price indications. The sale is scheduled for conclusion in April 2021.
Pakistan: DG Khan’s profit after tax was US$5.03m in the first half of the 2021 financial year. In the corresponding half of 2019, it recorded a US$5.33m loss after tax. Its sales grew by 5% to US$138m from US$131m. Cement sales volumes fell by 6% to 2.76Mt from 2.95Mt.
Cemex starts operations at seven sustainable growth investments in Europe in January 2021 22 February 2021
Europe: Cemex commissioned seven new bolt-on investments across Europe in January 2021. The company says that all of the investments are aligned to its key priorities of climate action, sustainable construction and earnings before interest, taxes, depreciation, and amortisation (EBITDA) growth. They include advances in fossil fuel reduction, lower CO2 footprint products, circular economy investments and products that demonstrate life cycle CO2 and energy consumption advantages for buildings. It made various changes at its cement plants, for example the installation of a new alternative fuel (AF) system in the Czech Republic. In France and the UK, it made circular economy and recycling improvements, and shifted to lower-CO2 cement production in Croatia and lightweight concrete production in Spain. Additionally, it made efficiency upgrades to sites in Spain and the UK.
Europe, Middle East and Africa regional president Sergio Menendez said, “We have made a strong start to our 2021 ambitions to both grow our business and improve our climate impact. In 2020, we achieved our ambition of a 35% reduction in our CO2 emissions compared to our 1990 baseline in Europe. We are also the first company in our sector to align our Europe operations to the EU aspiration to reduce CO2 emissions by at least 55% by 2030. These investments represent further advances towards this 2030 target, as well as to deliver net zero CO2 concrete globally by 2050.”
Bestway Cement lobbies Punjab provincial minister certification for three planned cement plants 22 February 2021
Pakistan: The Punjab provincial minister for industries and trade Mian Aslam Iqbal says that the government will soon issue new no objection certificates (NOC) to Bestway Cement for three of its new plant projects in the region. The Nation newspaper has reported that a delegation from the cement producer met the minister in late February 2021 to discuss its plans to establish new plants in Attock, Khushab and Mainwali. The company does not currently have NOCs for the planned projects.
Fábrica Nacional de Cemento wins US$72m cement supply contract for Nueva Santa Cruz Ciudad Inteligente housing development 22 February 2021
Bolivia: Fabrica Nacional de Cemento (FANCESA) has secured a contract for the supply of over 582,000t of cement to the Nueva Santa Cruz Ciudad Inteligente housing development near Santa Cruz. The Correo del Sur newspaper has reported that value of the contract as US$72.0m.
15% of large cement companies aligned with 2°C target for 2050 19 February 2021
UK: The Transition Pathway Initiative (TPI) has conducted a study into the emissions reduction practices of 33 large cement producers. The study concluded that five of the companies are currently aligned with the emissions reduction pathway which would keep the global temperature rise below 2°C by 2050 compared to pre-industrial levels. This corresponds to 15% of large cement companies assessed in the study compared to 14% of large companies in heavy industries globally. The TPI commended the five producers, noting that in global industry “fewer companies are aligned with 2°C after 2030 [than by 2030], because the pace of decarbonisation required in the industrial sector really picks up next decade, requiring drastic falls in emissions between 2030 and 2050 to meet Paris Agreement goals. More industrial companies need to set longer term targets to 2050 that require greater levels of decarbonisation.” Just one aluminium producer and no paper producers are in line with the 2050 target.
TPI Co-Chair Adam Matthews said, “As we enter the transition decade these hard-to-abate sectors are critical to achieving net zero goals by 2050. Whilst it is concerning that so few industrial companies are ready, it is clear new industrial processes based on circular economy principles give us a tipping point of technically viable, economically attractive solutions.”
India: Germany-based Gebr. Pfeiffer has received an order from Aditya Birla subsidiary UltraTech Cement for nine vertical roller mills. The producer plans to install the mills across three newly-built clinker lines. The supplier said, “The cooperation between UltraTech Cement and Gebr. Pfeiffer is based on the understanding of not only being a customer or supplier, but to achieve common goals in partnership.”
ACC and Ambuja Cements renew master supply agreement 19 February 2021
India: ACC’s audit committee and board of directors have approved the renewal of the company’s master supply agreement with Ambuja Cements from 2 May 2021 to 2 May 2024. The agreement will continue on its current terms.
Cementos La Cruz backs Polytechnic University of Cartagena’s cement-free concrete study 19 February 2021
Spain: Cementos La Cruz has partnered with other building materials, construction and waste management companies and the Murcia Technological Centre for Construction to support a study by the Polytechnic University of Cartagena (UPCT). The Europa Press newspaper has reported that the research aims to develop geopolymeric concretes from industrial and urban waste, without the use of cement. The study is 80% financed by the European Regional Development Fund (ERDF).
UPCT science and advanced construction technology research group coordinator Carlos Parra said, “Stopping the use of concrete is not the solution, as it is a relatively accessible material that allows access to housing and multiple services for millions of people around the world and is also a material with high resilience against natural catastrophes such as floods, hurricanes and resistant to the passage of time.”