September 2024
LafargeHolcim boosts earnings in third quarter of 2020 30 October 2020
Switzerland: LafargeHolcim’s like-for-like net sales fell by 2.6% year-on-year to Euro6.04bn in the third quarter of 2020 from Euro6.68bn in the same period in 2019. However, its recurring earnings before interest and taxation (EBIT) rose by 10% to Euro1.35bn from Euro1.33bn. It attributed recurring EBIT margin growth to margin increase in its cement business and cost management under the ‘Health, Cost & Cash’ action plan. For the first nine months of 2020 net sales fell by 7.9% year-on-year to Euro16.0bn from Euro18.9bn in the same period in 2019. Its EBIT decreased by 7.2% to Euro2.47bn from Euro2.88bn.
“Our third quarter results demonstrate the resilience of our business and the strength of our decentralized, empowered operating model,” said chief executive officer (CEO) Jan Jenisch. “In addition, the Group saw an increase in revenues from its branded products, which are sold across its broad distribution and retail network. For example, the company recorded a volume increase of 5% in its cement bag sales.”
Third quarter sales and earnings were either stable in improved in most regions with the exception of North America and Middle East Africa. In North America volumes were reduced by coronavirus and a slowdown in the oil and gas industry in western Canada. Overall sales fell in Middle East Africa but earnings were aided by sales volume growth in Nigeria. Elsewhere, cement market recovery was noted in Mexico and Brazil and weaker markets mentioned in the Philippines and Australia.
India: Cement production fell by 18% year-on-year to 209Mt in the first nine months of 2020 from 255Mt in the same period in 2019. Data from the Ministry of Commerce and Industry shows that production in the third quarter of 2020 dropped by 11% year-on-year to 69Mt from 78Mt. Monthly production has consistently fallen year-on-year since March 2020 when coronavirus-related lockdown measures started.
Egyptian cement sales rise to 3.8Mt in September 2020 30 October 2020
Egypt: Cement sales rose by 10% month-on-month to 3.8Mt in September 2020, the highest figure since April 2020. However, year-on-year sales for the month fell by 12.5%, according to the Daily News Egypt newspaper. Naeem Research said that cement demand remains 15% below where the market should be due to the coronavirus pandemic. The local cement production capacity utilisation rate is estimated to be 56%.
GICA to export of 40,000t of clinker to Dominican Republic 30 October 2020
Algeria: The Ain El Kebira (SCAEK) cement plant near Setif, part of the Industrial Cement Group of Algeria (GICA), has launched an operation to export 40,000t of clinker to the Dominican Republic. The company has already been marketed its products in Senegal, Ivory Coast, Guinea, Peru and Brazil, according to the Algeria Press Service. SCAEK has already exported 0.55Mt of clinker to countries in Africa and South America. The cement producer plans to export 0.75Mt of clinker in 2020.
Dangote Cement granted mineral exploration permits in Togo 30 October 2020
Togo: The government has granted two mineral exploration permits to Dangote Cement to assess carbonate phosphate reserves in Kpomé Apéyémé, Zio prefecture and Akoumapé, Vo prefecture. The licences are valid for three years with options for renewal, according to the Liberté newspaper and Agence Ecofin. If suitable deposits are found then they could support plans by the cement producer to build a plant in the country. Dangote Cement received government clearance to build a 1.5Mt/yr grinding plant for US$60m in late 2019.
Tajikistan exports 0.99Mt of cement so far in 2020 30 October 2020
Tajikistan: Data from the Ministry of Industry and New Technologies (MOINT) shows that Tajikistan exported 0.99Mt of cement in the first nine months of 2020. 0.56Mt of cement was exported to Uzbekistan, 0.39Mt to Afghanistan and 43,000t to Kyrgyzstan, according to Asia Plus. Local cement companies produced over 3.2Mt in the same period. The country has 16 registered cement plants with a total production capacity of 5.6Mt.
Cemex to launch Vertua concrete product worldwide 30 October 2020
Mexico: Cemex plans to launch its net-zero CO2 Vertua concrete product worldwide following its release in Europe. It said that customers in several European countries are using Vertua in infrastructure projects and climate-friendly building projects.
“We believe that climate change is one of the biggest challenges of our time, and we are committed to doing our part to address it. Vertua is clear evidence that we can transition to a carbon-neutral economy, where concrete is an essential component in the development of climate-friendly urban projects, sustainable buildings, and resilient infrastructure,” said Fernando A Gonzalez, chief executive officer (CEO) of Cemex.
Vertua uses a geopolymer binder solution created by Cemex’s Research and Development Center in Switzerland. This solution has a reduced carbon footprint of up to 70%, The compensation of the remaining CO2 is achieved by participating in reforestation projects, among other initiatives.
Pilot plant for Cleanker project inaugurated in Italy 30 October 2020
Italy: The pilot plant for the Cleanker project was inaugurated at Buzzi Unicem’s Vernasca cement plant in early October 2020. The purpose of the calcium looping technology project is to demonstrate a technology for capturing carbon dioxide (CO2) in cement plants. Tests will be run for around 10 months with a total actual operating time of one month at most.
Tan Thang Cement commissions control system package from ABB 30 October 2020
Vietnam: Tan Thang Cement has commissioned a control system package supplied by Switzerland-based ABB for a new cement plant in Nghe An province. The order included an ABB Ability System 800xA DCS (Distributed Control System), which integrates control, electrical and communication systems, ABB Ability Knowledge Manager and ABB Ability Expert Optimizer products which are integrated with the DCS, and basic communication and electrical system infrastructure and equipment.
"This was a challenging project many years in development and we delivered the control system package within our customer's timeframe. We used remote support and provided all necessary training to ensure that the plant team could complete the commissioning accurately and safely," said Nguyen Hoang Giang, Division Manager for Process Industries, ABB Vietnam.
On the electrical side, ABB provided a 110kV air insulated substation, with a SCADA (Supervisory Control and Data Acquisition) system based on ABB Ability System 800xA for Power Control, as well as telecommunications, and high voltage primary and secondary equipment to support the electrical infrastructure. ABB also delivered power transformers, distribution transformers, a motor control centre, auxiliary control centre, emergency diesel generator, DC power supply, various field devices, and related commissioning services.
Huaxin Cement’s nine-month sales and profit drop 29 October 2020
China: Huaxin Cement’s sales in the first nine months of 2020 were US$3.04bn, down by 9.2% year-on-year from US$3.35bn over the corresponding period of 2019. Net profit also dropped by 17% to US$660m from US$800m.