September 2024
Australia: Nick Miller has officially started work as the chief executive officer (CEO) of Adelaide Brighton. He succeeds Martin Brydon, who will continue with the company until 31 March 2019 at the latest.
US: Charah Solutions has appointed Scott Sewell as its president and chief executive officer (CEO). He has also been appointed to the company’s board of directors. He succeeds Charles Price with immediate effect. The company said that ‘the time was right’ for Price to step down from the roles following its move to becoming a public company.
Sewell joined Charah in 2008 as an Operations Manager and held the positions of Vice President of Operations and Senior Vice President of Operations until 2013 when he was appointed Chief Operating Officer (COO). As COO, Sewell was responsible for maintaining oversight of Charah operations, safety management, business development and utility relations. Prior to joining Charah, he worked for Bechtel Corporation from 2002 until 2007.
Plibrico appoints John Finch as new Territory Manager 30 January 2019
US: Plibrico has appointed John Finch has joined its team as the Southeastern Territory Manager. He will be based in the greater Omaha, Nebraska area. His appointment supports Plibrico’s strategic direction of strengthening partner relationships as well as increasing its nationwide refractory support coverage. He will report to Norm Phelps, Plibrico Vice President of Sales.
Finch began his career in the industrial market working with a boiler and refractory contractor. His background includes over 20 years of experience in technical and project management roles with several different refractory contractors. In these positions, he honed his skill set and areas of expertise including managing projects in mineral processing companies, power plants, boilers, foundries and heat treatment facilities. Finch is an active member of several different industry and refractory associations. He received his Bachelor of Science from the University of Nebraska.
Eurocement to commission new line at Akhangarancement by 2021 30 January 2019
Uzbekistan: Russia’s Eurocement plans to commission a new 3Mt/yr production line at the Akhangarancement in Tashkent region by 2021. Company president Mikhail Skorokhod discussed the project with representatives of the Chamber of Accounts of Uzbekistan, according to Uzbekistan Daily. US$160m is being spent on the new line and US$40m will be invested towards other improvements at the site. Work on the upgrade stated in October 2018. China’s CNBM is the main contractor on the project.
SCG’s cement business grows sales in 2018 30 January 2019
Thailand: SCG’s revenue from its cement business rose by 4% year-on-year to US$5.82bn in 2018 from US$5.60bn in 2017. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) fell slightly, by 1%, to US$676m from US$711m. The group attributed its cement sales growth to operational expansion in all markets. It reported that local demand for cement increased by 3% in 2018 due to growth in the government sector. Overall, the group’s revenue rose by 6% to US$15.2bn but its EBITDA fell by 15% to US$2.76bn.
Ramco Cements’ earnings hit by input costs 30 January 2019
India: Ramco Cements’ earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 14% to US$102m in the nine months of 31 December 2018 from US$119m in the same period in 2017. Its revenue rose by 15% to US$510m from US$445m. Sales volumes of cement increased by 19% to 7.83Mt from 6.58Mt. The cement producer said that sales had increased in southern and eastern markets. It blamed its falling earnings on rising diesel price that negatively affected transport costs for both raw and finished materials.
Cement Manufacturers’ Association and unions agree pay deal 30 January 2019
India: The Cement Manufacturers’ Association and a federation of Central Trade Union Organisations (CTU) have signed a memorandum of understanding agreeing an increase in gross pay and other benefits. It will raise worker pay by US$70/month from April 2018 to March 2022, according to the Economic Times newspaper. Other benefits include adjustments to cost of living allowances, length of service perks and more.
US: Eagle Materials’ revenue rose slightly to US$1.11bn in the nine months to 31 December 2018. Revenue from its Heavy Materials business, including cement, fell slightly to US$564m. Overall cement sales volumes remained stable at 4.41Mt. Operating earnings decreased by 10% to US$153m from US$170m.
“Adjusting for the effects of unusual weather trends during 2018 and a shift in the timing of wallboard price increases and related buying activity, we estimate that the overall market demand for our building materials, notably cement and wallboard, remained in positive territory in 2018, with growth rates in the low single digits,” said chief executive officer (CEO) Dave Powers. He added that in the quarter from October to December 2018 margins had been negatively affected by higher costs due to maintenance outages at two plants and upgrades to emission control equipment.
Lower cement demand reduces Qassim Cement sales in 2018 30 January 2019
Saudi Arabia: Qassim Cement’s sales fell by 32% year-on-year to US$114m in 2018 from US$167m in the same period in 2017. Its profit decreased by 49% to US$37.4m from US$73m. It blamed the fall in sales and profits on lower cement demand and lower prices due to competition.
Sweden: HeidelbergCement’s subsidiary Cementa has completed a feasibility study into electrifying its cement plant at Slite in Gotland as part of its Cemzero project. A report from the first phase of the project has been submitted to the Swedish Energy Agency.
The study found that using electricity to supply heat during the clinker production process is possible using plasma technology, although this needs to be tested on a larger scale. Using an electrified process was found to be competitive compared to other options for achieving high reductions in carbon emission. The production cost of cement would be doubled approximately but the research suggested that this might only mean a small percentage increase to the end cost of a building or an infrastructure project. Finally, the study reported that any future electrification of the Slite plant would work well with a planned expansion to wind turbine generation at the site. It would improve the energy balance and reduce the maximum power surplus that might occur.
Cementa and energy company Vatenfall will now look at how to build a pilot plant.