
Displaying items by tag: Report
FLSmidth raises sales in first half of 2023
15 August 2023Denmark: FLSmidth’s sales were US$1.82bn during the first half of 2023, up by 28% year-on-year from US$1.43bn in the first half of 2022. Its earnings before interest, taxation and amortisation (EBITA) fell by 7%, to US$83.1m from US$89.3m. The supplier recorded a new order intake worth US$1.64m, down by 14% from US$1.9m. New cement orders fell by 33% amid reduced demand, especially for FLSmidth’s product offering. In line with its de-risking strategy, FLSmidth continued to accept only those product orders that also supported its service business. The company maintained its guidance of cement sales of US$879m and an EBITA margin of 5.5 – 6.5% for the full-year 2023.
CEO Mikko Keto said “We have maintained the strong momentum on our key transformation efforts during the second quarter of 2023. While we have continued to progress on our MissionZero agenda, our safety performance has been unsatisfactory and mitigating actions have been taken.” Keto continued “While our cement business remains on target for the full year, its short-to-mid-term market outlook has deteriorated. Consequently, continued organisational rightsizing is required to preserve profitability. Going into the second half of the year we remain positive, with a continued strong focus on executing our core transformation efforts.”
Italy: Buzzi Unicem reduced its specific gross scope 1 CO2 emissions by 4% year-on-year to 664kg/t cementitious product in 2022 from 689kg/t in 2021. As part of its Sustainability Report for 2022 it revealed that specific CO2 emissions varied from a low of 500kg/t in Luxembourg to a high of 812kg/t in Ukraine. Its specific thermal consumption fell slightly to 4084MJ/t clinker and its thermal substitution rate was 29.9%.
The company’s Lost Time Injury Frequency Rate (LITFR) was 4.9 and two fatalities were reported. It also noted that six employees – five Ukrainian and one Russian – died as a result of the war between Ukraine and Russia that started in February 2022. In addition, six staff were wounded, one taken prisoner and two were reported missing from its Ukrainian workforce.
The building materials producer noted that it had met some of its five-year sustainability targets set in 2017, including a 5% reduction in specific CO2 emissions, the implementation of structural engagement projects at all of its production sites with a high economic, environmental and social impact and the achievement of increasingly safe working conditions.
Titan Cement Group publishes 2022 Integrated Report
06 April 2023Greece: Titan Cement Group published its 2022 Integrated Report on 6 April 2023. The report outlines the cement producer’s financial and environmental, social and governance (ESG) performance. For the full year, the group recorded a net profit of Euro110m, up by 19.3% year-on-year. It made ‘record’ capital expenditure investments of Euro242m, and increased its net debt by 12% to Euro797m.
The group says that it is ‘on track’ to meet its ESG targets for 2025 and beyond. It reduced its specific CO2 emissions by 5% decade-on-decade in 2022. Throughout the year, Titan Cement Group continued its investments in research, development and innovation activities across all markets, with an increased focus on carbon capture, storage and utilisation. It also rolled out its digital transformation to further plants around the globe.
India: UltraTech Cement sold 106Mt of cement during the 2023 financial year, which ended on 31 March 2023. This corresponds to a 12% year-on-year rise from 94Mt in the 2022 financial year. The producer sold 30Mt of cement during the fourth quarter of the financial year, up by 14% year-on-year from 28Mt.
The Hindu newspaper has reported that UltraTech Cement ended the financial year with a cement production capacity of 134Mt/yr, including 2Mt/yr-worth of white cement capacity. It also operates three wall putty plants.
Cemex publishes Integrated Report 2022
28 March 2023Mexico: Cemex has reviewed its global sustainability and financial performance during 2022 in its Integrated Report 2022. During the year, the group reduced its specific CO2 emissions by 9% from 2020 levels and by 30% from 1990 levels. It achieved a target of US$1bn-worth of investment in strategic projects over a period begun in 2020. Projects included the execution of water optimisation plans at 20% of Cemex sites in high-water stress areas. Cemex co-processed 27Mt of waste as alternative fuel (AF) in its global cement production - 67 times greater than its own non-recyclable waste footprint - and achieved an AF substitution rate of 35%. Meanwhile, the group also reduced its cement's clinker factor to 74%. Its Vertua reduced-CO2 concrete range accounted for 33% of its concrete sales. During the year, Cemex launched the world's first net zero, fully electric heavy concrete mixer truck.
In 2022, Cemex recorded sales of US$15.6bn, down by 12% year-on-year, and reduced its debt to US$408m.
US increases cement production amid consumption boom in 2022
07 February 2023US: US cement companies produced 95Mt of cement in 2022, up by 2.2% year-on-year from 93Mt in 2021, according to the United States Geological Survey (USGS). The country exported 900,000t of cement and clinker, down by 4.3% from 940,000t. The USGS recorded a 9.1% leap in apparent national consumption, to 120Mt from 110Mt. Cement imports helped to close the gap, rising by 20% year-on-year to 24Mt from 19.9Mt.
Among the US's main trade partners for cement imports, cement production fluctuated in 2022. Turkish cement production rose by 3.7% year-on-year to 85Mt, Mexican cement production fell by 3.8% year-on-year to 50Mt and Vietnamese cement production rose by 9.1% year-on-year to 120Mt. Globally, the USGS estimated a year-on-year cement production decline of 6.8% to 4.1Bnt.
Omani Capital Market Authority questions Raysut Cement's second quarter 2022 results
29 November 2022Oman: The Capital Market Authority (CMA) has called on Raysut Cement to urgently address 'material misrepresentations' in its financial results for the second quarter of 2022. The Oman Daily Observer newspaper has reported that the CMA has warned investors that the misrepresentations 'hugely' impacted the report's profit and loss accounts.
The regulator said "CMA emphasises that failure to exercise due diligence in providing timely and accurate financial statements to the investors in fair manner is a breach of the law, and renders the violating entities legally responsible. The CMA announces zero tolerance in this regard."
Philippines: The Tariff Commission has reversed a decision recommending that the government implement anti-dumping duties on imports of cement from Vietnam. Việt Nam News has reported that the commission withdrew the recommendation after the Philippine government's Department of Trade and Industry ruled that imports from Vietnam do not have a harmful impact on the domestic cement industry.
Three cement producers among Spanish pollution top 10 in 2021
28 September 2022Spain: Sustainability Observatory's Decarbonisation 2022 report has named FCC, Cemex and Holcim on a list of Spain's top 10 CO2 emitters. Construction conglomerate FCC, parent company of Cementos Portland Valderrivas, was the seventh largest contributor the country's CO2 emissions during the year. Mexico-based Cemex placed joint eighth with energy provider Iberdrola at 2.4Mt-worth of CO2 emissions in 2021, followed by Switzerland-based Holcim with 2Mt.
Spanish CO2 emissions grew by 5.1% year-on-year in 2021, and by 3% across industries subject to emissions credit trading, which include the cement sector. Together, the top 10 emitters accounted for 57% of these industries' emissions, and 19% of total national emissions.
Loesche publishes first Sustainability Report
11 August 2022Germany: Loesche has published its Sustainability Report of its performance in 2021. The supplier’s Scope 1 and 2 CO2 emissions declined by 6.1% year-on-year to 229t from 244t in 2020 and by 19% over the two years from 2019, when they totalled 282t. It reduced the share of Scope 2 emissions in the figure to 40% from 41% in 2020 and 45% in 2019.
Loesche offers emissions-reducing products to the global cement industry under the label Greenkey Solutions. These include its A/Fuel and H/combust ranges for alternative fuels and green hydrogen upgrades, its C/Clay range for clay calcining and grinding, its Digital/Ready 4.0! range for predictive process optimisation and smart asset management, its E/Slag range for ground granulated blast furnace slag upgrades and its S/Crete range for waste concrete recycling, as well as audits for retrofits. Together, Loesche says that its products can reduce the global cement sector’s carbon footprint by 90%. Within this, Loesche believes that calcined clay technology alone can reduce cement’s CO2 emissions by 40% and its energy demand by 21%.
Loesche said that its launch during the year of its H2Optimum grinding bed spraying system can reduce grinding mills’ water consumption by 50%.