Displaying items by tag: volumes

Pakistan: Lucky Cement increased its standalone first-half sales in the 2022 financial year by 20% year-on-year to US$2.87bn from US$2.39bn in the first half of the 2021 financial year. This was despite a 5.9% year-on-year decline in cement volumes to 4.7Mt. Domestic cement sales increased by 0.8% to 3.66Mt from 3.63Mt, while exports fell by 20% to 1.07Mt from 1.34Mt.

The Business Recorder newspaper has reported that the company increased its consolidated net profit by 27% year-on-year. Its consolidated profit after tax was US$972m in the first half of the 2022 financial year.

India: UltraTech Cement recorded consolidated sales of US$1.74bn in the third quarter of the 2022 financial year, up by 5.8% year-on-year. Its net profit in the quarter was US$229bn.

The Business Standard newspaper reported that the producer maintained a strong cement volumes growth trajectory, with 13% year-on-year cement sales growth throughout the first nine months of the 2022 financial year.

Vietnam: Vietnam exported 43Mt of cement and clinker in the first 11 months of 2021, up by 24% year-on-year from 11-month export volumes in 2020. Viet Nam News has reported that the value of Vietnam’s cement and clinker exports rose by 28% to US$1.67bn. The country’s full-year cement and clinker exports in 2020 were 38.4Mt, with a total value of US$1.44bn.

Venezuela: Corporacion Socialista del Cemento plans to begin to export cement to countries in the Caribbean from the beginning of 2022. The El Universal newspaper has reported that the company’s plant is in the process of increasing its production of cement and clinker for the start of exports. In the first 10 months of 2021, it more than doubled its production and more than tripled its sales volumes.

President Pietro Acosta said "We are contributing to the growth of a new free, non-oil, diversified economy.” He added “We will still continue to serve the national market."

Argentina: Loma Negra’s nine-month net sales rose by 27% year-on-year to US$493m in 2021, from US$388m in the corresponding period of 2020. The company recorded adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$151m, up by 29% from US$117m. It net profit fell by 72% to US$32.1m from US$115m.

During the period, the company increased its sales of cement, masonry and lime products by 26% year-on-year to 4.45Mt from 3.54Mt. It said that bagged cement sales remained strong due to sustained demand from the retail sector, while bulk cement sales underwent a sharp recovery in the third quarter of 2021. In light of this, it forecast a relative normalisation of bagged cement sales compared to bulk in the fourth quarter of 2021.

Nigeria: Dangote Cement increased its consolidated sales by 34% year-on-year to US$2.48bn in the first nine months of 2021 from US$1.84bn in the first nine months of 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 45% to US$1.25bn from US$860m.

Group cement volumes were 22.2Mt, up by 15% from 19.2Mt. Nigerian volumes rose by 19% to 14.1Mt from 11.9Mt, while Pan-African volumes rose by 9.4% to 8.16Mt from 7.47Mt.

Chief executive officer Michel Puchercos said “We are pleased to report a solid set of the results for the first nine months of 2021. Given the strong rebound in the third quarter of 2020 following the impact of Covid-19 in the first half of the year, volumes in the third quarter of 2021 were slightly lower year-on-year, as anticipated, though worsened by heavier rains. However, the overall growth trend continues, supported by our ability to meet the strong market demand across all our countries of operation. The economic performance and efficiency initiatives across the group, enabled the offsetting of inflationary pressures on some of our cost lines.” He added “Dangote Cement has exceeded its 2020 full-year results in the first nine months of 2021, with year-on-year EBITDA growth trending at 45%, more than double its 21% growth in the first nine months of 2020. Despite operating in a complex, challenging, and fast-moving environment, Dangote Cement is consistently delivering superior profitability and returns to the shareholders.”

India: Ratings agency Emkay Global has forecast an 11% year-on-year rise in UltraTech Cement’s second-quarter sales in the 2022 financial year to US$1.5bn from US$1.36bn. It expects the producer’s cement sales to rise by 6% in the period to 20.4Mt, and its net profit to grow by 6.4% to US$174m from US$163m.

The Economic Times newspaper has reported that Emkay Global predicted that UltraTech Cement’s costs will rise by 7% and that its earnings before interest, taxation, depreciation and amortisation per tonne of cement will fall by 5% year-on-year.

India: NCL Industries recorded a 10% year-on-year rise in cement production to 677,000Mt in the second quarter of the 2022 financial year from 615,000t in the second quarter of the 2021 financial year. Its cement dispatches also increased by 10% to 678,000t from 617,000t. The company's cement board production during the quarter was 19,200t, while its cement board dispatches were 18,800t.

France: Hoffmann Green Cement Technologies recorded sales of Euro540,000 in the first half of 2020, more than five times the Euro96,000 recorded in the first half of 2020. Its cement sales were 1880t, more than double its first-half cement sales in 2020. During the period, its orders increased by 29% to 200,000t from 155,000t at 31 December 2020. The company recorded negative earnings before interest, taxation, depreciation and amortisation (EBITDA) of Euro2.56m, up by 22% from Euro2.10m in the first half of 2020. It loss declined by 39% to Euro2.68m from Euro4.14m.

Jamaica: Caribbean Cement says that it will export an additional 200,000t/yr of cement after it completes the 40% capacity expansion of its 1.0Mt/yr Rockfort cement plant to 1.4Mt/yr. In 2020, the producer exported 1580t of cement, all to North America, at a total value of US$156,000.

CBR News has reported that general manager Yago Castro said “We believe the right way is to invest in local manufacturing and make it bigger, solid and more powerful. This is why we’ve been increasing our production capacity over the past three to four years. Our team is always working on improving the supply to the market, quality of our products and service.”

The Jamaica Observer newspaper reported on 5 September 2021 that regular three-day lockdowns begun in Jamaica in August 2021 to stem the spread of Covid-19 have slowed Caribbean Cement’s distribution.