September 2024
Lehigh Cement signs order with KHD 29 July 2019
US: Humboldt Wedag, a subsidiary of Germany’s KHD, has signed a contract with Lehigh Cement to supply a cement plant for a cost of more than Euro100m. The contract includes engineering, supply of equipment and structural steel as well as advisory services related to erection and commissioning of the unit. Lehigh Cement, a subsidiary of HeidelbergCement, has separately announced that it is currently preparing for a US$600m upgrade to its integrated Mitchell plant in Indiana. Construction work on the project is scheduled to start in 2020.
Ireland/UK: Quinn Industrial Holdings has installed an automated weighbridge system supplied by Precia Molen at its limestone quarry at Crievehill near Fivemiletown, County Tyrone in Northern Ireland. The new weighbridge was completed in June 2019. It includes the company’s VS310CS pour on site surface weighbridge complete with driver operated control systems. Other upgrades at the site include a lorry wheel wash, a new access route and improved security, health and safety measures. Quinn purchased the quarry from Acheson and Glover in late 2018. It is using limestone from the mine to make cement.
Saudi Arabia: Najran Cement’s sales rose by 20% year-on-year to US$48.7m in the first half of 2019 from US$40.6m in the same period of 2018. Its net profit after Zakat and tax was US$0.92m, after a loss previously. It attributed its increased sales and profit to higher sales volumes, better pricing and reduced production costs.
Peru: UNACEM’s sales rose by 1.5% year-on-year to US$296m in the first half of 2019 from US$292m in the same period in 2018. Its profit grew by 20.5% to US$74.3m from US$61.7m. Cement production increased by 8.5% to 2.62Mt from 2.42Mt. The cement producer also said that clinker exports from its Conchán pier fell by 22% to 0.45Mt from 0.58Mt.
Guatemala introduces cement distribution tax 29 July 2019
Guatemala: The government has introduced a new distribution tax of US$0.2 per 42.5kg bag of cement. The new legislation also intends to regulate cement and clinker imports and appoint personnel to supervise storage sites, according to the El Periódico newspaper.
Mexico: Cemex’s sales have fallen in all regions except for Europe. Its net sales fell by 4% year-on-year to US$6.72bn in the first half of 2019 from US$7bn in the same period in 2018. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 11% to US$1.21bn from US$1.36bn. Cement sales volumes decreased by 9% to 31.3Mt and ready-mixed concrete volumes by 3% to 24.9Mm3.
“The second quarter was impacted by the challenging global economic environment. Weaker-than-expected industrial activity and continued trade conflicts have resulted in lower investment in several of our markets. Mexico in particular has been affected by these factors, which led to lower-than-expected volumes. Adverse weather in the US also translated into muted activity during the quarter. In contrast, we are very pleased with the favourable performance of our Europe region,” said chief executive officer (CEO) Fernando A Gonzalez. He added that earnings were expected to pick up in the second half of the year due to improved government spending in Mexico, higher prices and sales volumes of cement in the US and Europe, stabilising energy prices and the group’s ‘Stronger Cemex plan’.
Thailand: SCG’s sales from its cement business rose by 3% year-on-year to US$3.04bn in the first half of 2019 from US$2.94bn in the same period in 2018. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 7% to US$410m from US$382m. Cement sales in the second quarter of 2019 were driven by the non-government sector. Overall the group’s sales and earnings fell due to poor performance from its chemicals division, which it blamed on the on-going US-China trade war.
India: Ambuja Cement’s net sales increased by 5% year-on-year to US$834m in the first half of 2019 from US$824m in the same period in 2018. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 3% to US$168m from US$164m. However, its sales volumes of cement dropped by 3% to 12.2Mt from 12.6Mt. Bimlendra Jha, the managing Director and chief executive officer (CEO) of the subsidiary of LafargeHolcim, said that the company managed to optimise its logistics, raw material and fixed costs.
Vietnam: Vietnam Cement Industry Corporation’s (VICEM) cement production grew by 11% year-on-year to 12.8Mt in the first half of 2019. Its clinker production rose by 2% to 10.2Mt. It cement and clinker sales volumes increased by 3% to 14.7Mt, according to the Viet Nam News newspaper. The state-owned cement producer intends to produce and sell 27Mt of cement in 2019, up from 25Mt in 2018.
Greece: Heracles Cement has agreed an electricity energy deal with the Public Power Corporation. The three-year deal with the state-owned energy company will start at the end of 2020. It includes a 10% increase in the rate. The agreement is also part of the country’s Greenpass scheme. The subsidiary of LafargeHolcim operates two integrated plants in the country.