Displaying items by tag: volumes

Tajikistan: Tajik cement producers achieved volumes of 564,000t in January-February 2020, up by 20% from 469,000t in the first two months of 2019. This corresponds to capacity utilisation by the country’s 13 producers (total capacity 4.7Mt/yr) of 72% so far in 2020.

China: China Tianrui Group’s net 2019 profit was US$256m, up by 50% year-on-year from US$171m. Sales rose by 20% to US$1.70bn from US$1.42bn. This was due to increased volumes and prices.

Switzerland: LafargeHolcim has announced measures to limit the ‘volatile’ impacts of coronavirus on health and business. The measures, which overrule its previous 2020 guidance, consist of: a year-on-year capital expenditure (CAPEX) reduction of Euro378m, a year-on-year fixed cost reduction of Euro283m and a reduction of net working capital ‘at least in line with level of activity.’ LafargeHolcim has said that it had Euro7.56bn strongly liquid assets as of 26 March 2020.

LafargeHolcim predicted that global construction’s cement demand will decline in April and May 2020. It said the construction sector has begun to recover in China, where all of its cement plants outside of Hubei province are once more operational. It expects to deliver 70% of it April 2019 Chinese volumes in April 2020.

Azerbaijan: Azerbaijan’s cement sector produced 3.30Mt of cement in 2019, down by 1.4% year-on-year from 3.35Mt in 2018. Ready-mix concrete volumes rose by 29% to 1.8Mt in 2019, from 1.4Mt in 2018.

The total value of building materials produced in 2019 rose by 5.0% to US$454m from US$432m in 2018.

Greece: Titan Group’s profit dropped by 5.5% year-on-year to Euro50.9m in 2019, from Euro53.8m in 2018. The group said that it ‘demonstrated strength’ in ‘sustaining a growth performance’ despite challenges in Southeastern Europe and the Eastern Mediterranean. Sales were Euro1.61bn, up by 8.0% from Euro1.49bn in 2018, led by Titan Group’s US subsidiary Titan America’s sales growth of 10.7%, to Euro952m from Euro860m. Titan Group’s Greece and Western Europe sales grew to Euro245m, up by 3.3% from Euro237m in 2018, with sales gains from the private sector offsetting the decreased revenue from delays in public infrastructure projects. Cement exports, especially to the US, were also a major regional sales contributor, while clinker exports fell.

Group volumes of cement, including clinker and cementitious materials, were 17.0Mt, down by 7% from 18.2Mt.

Germany: HeidelbergCement’s profit was Euro1.24bn in 2019, down by 3.4% from Euro1.23bn in 2018. Its revenue grew by 4.3% to Euro18.9bn from Euro18.1bn. HeidelbergCement says that it reduced its specific net CO₂ emissions by 1.5% year-on-year to 590kg/t from 599kg/t in 2018 and ‘intensified its research and development (R&D) efforts on carbon capture and utilisation/storage (CCU/S)’ in every operating region globally.

The group announced a year-on-year increase in volumes in the first two months of 2020, with all but three of its plants (HeidelbergCement subsidiary Italcementi’s 2.8Mt/yr Calusco plant, 2.5Mt/yr Rezzato plant and 0.6Mt/yr Tavernola plant in Lombardy region, Italy) still operating through the coronavirus pandemic, though it noted that construction is slowing in the US, Australia and Western Europe due to the outbreak.

HeidelbergCement cancelled its 7 May 2020 annual general meeting (AGM) ‘due to the spread of the coronavirus.’

Azerbaijan: Akkord Cement has indicated that it plans to produce 1.6Mt of cement and clinker at its Gazakh plant in Dash Salahli in 2020. This would represent a 33% year-on-year increase from 1.2Mt in 2019. In 2019, Akkord Cement exported 500t of clinker from the plant to Georgia. Trend News has reported that the company intends to also export clinker to Iran in 2020.

Vietnam: Cement producers in Vietnam are reported to be facing a ‘double whammy’ due to falling domestic demand from a slowdown in the domestic property and infrastructure sectors, as well as a marked decline in exports due to the ongoing Novel Coronavirus (COVID-19) epidemic.

However, Nguyen Quang Cung, chairman of the Vietnam Cement Association (VNCA) said that demand is expected to remain high throughout 2020 as a whole. The Ministry of Construction (MoC) currently stands by its autumn 2019 forecast that Vietnam will produce 103Mt of cement during 2020. It expects domestic consumption to be around 70Mt, with exports of 33Mt.

To help firms overcome the current difficulties, Cung proposed that the government, the State Bank of Vietnam and other parties offer support to manufacturers in the form of tax cuts and lower interest rates.

Global Cement is sceptical that Vietnam’s cement producers will meet the MoC’s 2020 forecast. In January and February 2020 the country’s domestic sales were 40% lower year-on-year compared to 2019, while exports fell by 49% year-on-year.

Uzbekistan: Uzbekistan imported 3.27Mt of cement in 2019, down by 6.8% year-on-year from 3.51Mt in 2018. The value of cement imported fell by 13% to US$154m from US$176m. Trend newspaper has reported that cement imports from Kazakhstan fell by 32% to 0.97Mt from 1.43Mt. Imports from Tajikistan and Turkmenistan also fell, but rose by 85% from Iran, to 0.59Mt from 0.32Mt.

Uzbekistan, which has a 12.9Mt/yr installed cement production capacity, removed its zero rate of customs duty on cement in October 2019 in order to help align domestic demand with production.

Nigeria: Dangote Cement’s profit in 2019 was US$685m, down by 17% from US$822m in 2018. Sales were US$2.46bn, down by 1.1% year-on-year from US$2.49bn in 2018. “Export sales were affected by the Nigeria-Benin border closure in the second half of 2019. Looking ahead, I expect an increase in volumes in 2020 as we commence clinker exports via shipping from Nigeria,” said Dangote Cement CEO Joe Makoju. The group reported pan-African volume growth to 9.4Mt/yr, noting a 94% growth in Tanzanian volumes, aided by the commencement of operations at a temporary gas power plant in the East African country.

Retiring from the company, Makoju said, “I am proud to have watched Dangote Cement grow from a local producer back in 2007 to a major force in global cement production. Dangote Cement has eliminated Nigeria's dependence on imported cement.” He wished his successor Michel Puchercos all the best in his new role.